Interpret for yourselves, dear reader:

The truth of the matter is that Guilford County school superintendents and chief financial officers have an apparently infinite number of ways of hiding large sums of money in ways that leave the Guilford County Board of Commissioners – and for that matter, even the school board – unaware of their existence. After months of gloom-and-doom predictions about how the school system’s funding is going to be cut, the North Eugene Street central office pulls the money out of its hat, slaps itself on the back and continues to spend increasing amounts of money on whatever it wants.

Like, I don’t know, an early college program at N.C. A&T. School board member Paul Daniels is quoted in today’s N&R story (unposted) wondering how GCS can afford it, “unless staff is being duplicitous or not forthcoming about the budget.”