More proof of the gravity of the money woes of Muncie Community Schools.The new Chief Financial Officer, Bruce Perry, tells the Star Press, the $9.3 million that was supposed to be spent on school building repairs isn’t in the bank.The money from the 2014 general obligation bond has been showing up in regular financial reports. But apparently that is just a line item on paper and doesn’t reflect money that is actually available. Perry went on to say that a lack of healthy cash balances leads to a lot of dysfunction.
