The investigation, conducted by a law firm out of Missouri, did not find any evidence of intentional wrongdoing by district personnel, but it did identify what it called "systematic deficiencies in forecasting," leading to confusion over the district's contingency fund.
The fund was believed to be sufficient to help plug a $16 million budget shortfall last year, but those plans fell through when the numbers came in much lower than anticipated.
In a statement, Superintendent Demetrus Liggins said steps have been taken to right FCPS' financial ship and he's bolstering communication and accountability in the finance and budget departments. He called the report evidence of the district's "continued commitment to openness and clear communication with our community."
The Fayette County Board of Education is holding a closed-door special meeting Wednesday, reportedly to discuss potential personnel action against Liggins — again from fallout related to last year's turbulent budget process.