Making $10 million disappear: Athletic spending, declining enrollment tank EMCC fund balance
Leadership at East Mississippi Community College is scrambling to reverse nearly a decade’s worth of deficit spending that has tanked the school’s general operating fund balance.
Documents provided to The Dispatch on Wednesday show EMCC’s general operating fund balance has fallen more than $10 million since Fiscal Year 2010 — from roughly $11 million to only $710,844 by the end of June 2018.
‘We just spent more than we took in’: Lowndes County School District piles up $7M in deficit spending over past three years
Kenneth Hughes, business manager for Lowndes County School District, sat at his desk Friday afternoon tapping away at his keyboard and occasionally scrawling numbers on a sheet of paper sitting beside his computer monitor.
All the while, Superintendent Lynn Wright paced around the room, spouting about dollar amounts and projects without the use of any documents to support the information.