Huntsville City Schools chief financial officer stepping down

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HUNTSVILLE, Ala. -- Huntsville city school leaders plan to look for a new person to manage the district's finances. For now, the board has appointed James Brumley as Interim Chief School Financial Officer today.

This comes after the current CSFO Tina Hancock submitted her resignation to take another position. Tina Hancock told WHNT News 19 she's resigning her position with Huntsville.

Tina Hancock was tasked with fixing the Huntsville City Schools budget after Bob Hagood resigned the position following an accounting error under his leadership that resulted in $5.5 million dollars being misappropriated in the budget.

"The 5.5 that was brought to light was really just an error in where they placed that money in the different fiscal year, but at that point, it's when we really started looking at our budget and we saw that we were spending more than we were bringing in," said Superintendent Christie Finley.

Hancock, who took the job in February, fixed the budget quickly.

"We are really in good standing with our financials. We're at 1.69 in terms of our reserve we are supposed to be at one month reserve so we're very excited about that and I attribute that to the teamwork we had with Ms. Hancock," said Finley.

Superintendent Christie Finley says they cut out the non-essentials to build up their reserve fund.

"We looked at all the things the stuff outside of the classroom and it really amounted to nine million dollars," said Finley.

James Brumley will now serve as interim CSFO. Finely says he has already worked side by side with Hancock as the finance director.

"He knows where we are, where we were, where we are, and where we need to be moving forward. Right now they are closing out the books. Obviously, we have started the new fiscal year, so he's going to continue to work that path to ensure we are sustaining our reserve and meeting the needs of our students," said Finley.

Finley says looking forward, the board will continue to be good stewards of their money and put classroom learning first.

Hancock's resignation will be effective on October 11th. Records show the move is recommended by Superintendent Christie Finley.

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