visimoney
TLDR:
- Kim McVey, CFO of Alamance-Burlington School System, has left her position amid financial crisis and investigation.
- State Sen. Amy Galey initiated a legislative investigation into the district’s financial decisions following projected deficits.
Kim McVey, the chief financial officer of the Alamance-Burlington School System, has parted ways with ABSS amidst a financial crisis and investigation. This decision comes in the wake of projected deficits and a legislative investigation initiated by State Sen. Amy Galey. The school system is facing a potential $3.2 million deficit for the current academic year and has requested a $57.7 million budget for the next fiscal year. McVey’s departure follows a proposal to lay off and reduce hours for over 50 employees, which was temporarily put on hold after county commissioners approved funding to delay the reduction in force. Though the circumstances of McVey’s departure were not disclosed, it comes after a meeting with the legislative commission and was ultimately decided by Superintendent Dain Butler.
