CONCORD, N.C. (QUEEN CITY NEWS) – The budgeting committee for Cabarrus County Schools is scheduled to meet Thursday to discuss current financial shortfalls and review a proposed budget for the upcoming year.
Chief Financial Officer Phillip Penn said the district’s financial situation has improved since they announced a $11 million deficit at the beginning of the year.
In a letter to Superintendent Dr. John Kopicki, Penn stated officials found nearly $4.4 million in savings. Penn said he believes its possible to close the remaining gap by the end of June.
The Budget Finance Committee will review the Superintendent’s Proposed 2025-2026 Local Budget. The plan details current funding levels and anticipated needs for salaries, non-personnel expenses and Capital Improvement Projects for individual schools.
Members will also discuss shortcomings of anticipated revenue, such as reselling of “used Apple products.” Penn’s memo to Dr. Kopicki states the district received $138,000 less than anticipated.
Parents said they’re concerned about what cuts may come from special education classes, or the Exceptional Child program. Of the $11 million gap, roughly $3 million is related to EC programs.
Thursday’s committee work session begins at 6 p.m. at the Cabarrus County Schools Education Center.
Board of education members will hear the proposed budget Monday, March 31. The board will hold a public hearing on the budget April 7.
