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New Old Heads - The live media division of Bringing Down The Band, LLC
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The New Old North | An eye on Wayne County. In every direction.
Wayne County Public Schools is officially out of debt. The Board of Education approved paying off the district's $3 million loan to the School Nutrition Fund at a special called meeting Tuesday. The payment, which will be made from a $3.4 million fund balance in one of two local funds accounts, will include a reimbursement of an estimated $60,000 in interest, said Leslie Rouse, the district's chief financial officer. Rouse said that the district maximized the use of local funding, the state allotment, and federal funds that came in as a result of COVID-19 to accumulate the money necessary to pay off the district's debts, which also included a $2 million loan from the state, which was used to cover a deficit last year. That debt has also been retired, making the district now free from the encumberments that resulted in the resignations of former superintendent Dr. Michael Dunsmore and finance director Michael Hayes in 2020. Rouse and Interim Superintendent Dr. David Lewis said that the financial records and fund balances were reviewed by the district's audit team to make sure the payment would not harm Wayne County Public Schools' financial picture. "We believe that we are in a position to pay off the entire debt," Lewis told the board before the vote Tuesday. Also in attendance at the meeting was Aaron Beaulieu of School Operations Specialists, who has been "instrumental" in not only helping the school district get its financial picture under control, but also in coming up with a new system to manage its financial dealings moving forward, Lewis said. Key to that recovery was former interim superintendent Dr. James Merrill, who Lewis and Board Chairman Chris West said set the course for a new way of handling budgets and spending. That included understanding that there had to be regular communication about the budget with the board, staying within teacher allotments and scrutinizing every purchase, fund transfer and expendi

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