Fayette County Public School officials said Monday the school district still doesn’t know how much money it will take from its contingency or rainy day fund to balance its books for the fiscal year that ends June 30.
FCPS Acting Executive Director of Finance Amy Smith said during the board’s Monday planning meeting the current contingency fund is $27 million. However, that figure will likely change as the district tries to close its books for the current fiscal year and untangle several years worth of misstated financial statements.
Smith said it may not be known how much the school district will need to take from the contingency fund before the board takes its vote at a June 22 meeting…