FRANKLIN COUNTY, Va. – Franklin County Public Schools are grappling with a $1.7 million budget deficit after officials discovered an accounting error involving misplaced revenue projections.
The discrepancy came to light during an audit of the school system’s financial records from the previous school year. According to Superintendent Dr. Kevin Siers, the error occurred when $2.6 million in non-recurring revenue from 2024 was incorrectly transferred to a 2025 budget spreadsheet, temporarily concealing the deficit.
In a statement to 10 News, Dr. Siers writes “The FCPS administration recognizes the seriousness of this error and sincerely regrets that it kept our budget issues from coming to the forefront sooner. We would like to apologize to our counterparts with the Franklin County Government for the stress that this has added to their roles and appreciate their willingness to work with us to resolve this issue in a deliberate and meaningful way. We value the strong partnership that has been forged between our two entities over the past few years and look forward to continuing our work on strengthening those bonds.”…