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MON: ABSS finance officer quits amid financial crisis, legislative investigation

The Alamance-Burlington school system’s chief finance officer Kim McVey has abruptly ended her tenure with the school system, ABSS officials announced Monday morning.

Then-chief ABSS finance officer Kim McVey.

ABSS superintendent Dr. Dain Butler has announced that deputy superintendent Lowell Rogers will handle McVey’s duties during the search for an interim CFO.

“We are currently working with the Department of Public Instruction (DPI) and the North Carolina Association of School Business Officials (NCASBO) to hire an interim to finalize our budget for the next fiscal year,” Butler said in his announcement.

McVey’s sudden departure comes at the same time that she had projected ABSS would end the current fiscal year on June 30 with a potential $3.2 million deficit.  She had also just presented the superintendent’s potential $57.7 million county budget request during the school board’s work session last Tuesday.

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While Butler gave no reason for McVey’s departure as CFO, The Alamance News has learned that McVey met late last week with members of the Joint Legislative Commission on Governmental Operations (“Gov Ops”) that senator Amy Galey has asked to investigate the school system’s policies and financial decisions.

Multiple sources familiar with the discussions have told the newspaper that, immediately following her interview with the GovOps committee, McVey met with Butler and Rogers,  and submitted her letter of resignation over the weekend, which Butler rejected. [Editor’s Note: An earlier version of this story said school board chairman Sandy Ellington-Graves was also included in this meeting.  But Ellington-Graves has subsequently said the meeting in which she was involved with McVey, was over budget issues, not McVey’s interview with the Gov Ops commission or her desire to resign.]

McVey had worked for ABSS 14 years and previously served as the assistant finance officer for ABSS until her appointment as CFO in 2022, after Butler took over as superintendent.

An Alamance County native and Southern High School graduate, McVey holds a bachelor’s degree in Accounting and Business from Elon College (now Elon University). She has 32 years’ experience in public school finance and had served as an assistant finance director for Chapel Hill-Carrboro city schools and as the finance director for the Caswell County and Person County school systems.

Meanwhile, the results of the GovOps review are expected sometime around mid-April, Galey told the newspaper earlier this month.

McVey’s final salary totaled $151,423.98 per year, which consisted of her state-funded base annual pay of $134,003.52, plus a state-funded administrative supplement of $17,420.46, according to payroll data previously provided by ABSS.

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