Hoover Schools End The 2017 Fiscal Year In A Surplus Of Funds

HOOVER, AL — As the 2017 fiscal year comes to an end for the Hoover school system, their accounts are in the black. A surplus of $27 million has been put on reserve for the future. This is the second fiscal year in a row that Hoover has ended with money to spare since 2011.

Some of the main resources for the surplus came from a generous contribution to the system, refinancing funds for school construction costs and the sale of the old Berry High School campus, according to the Birmingham Business Journal.

For more on this story, continue to the BBJ.

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