Mpls. school district overspent by $21.6 million last year, audit shows

Overspending forced the Minneapolis Public Schools to pull millions of dollars from other district reserve funds, an audit of school district finances shows.

The audit was discussed Tuesday at the first meeting of the new school board. It covers the fiscal year that ended June 30, before Superintendent Ed Graff took the helm of the state’s third-largest school district.

http://www.startribune.com/mpls-school-district-overspent-by-21-6-million-last-year-audit-shows/410458645/