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NEWS RELEASES 1997-98

NEWS RELEASES 1997-98 :: MARCH 5, 1998

NEW DIRECTOR OF SCHOOL BUSINESS NAMED

The State Board of Education approved the appointment today of Philip Price as the new Director of School Business for the State's Department of Public Instruction. This division is a part of the Financial and Personnel Services Area.

Price has been with DPI since 1978, most recently as Assistant Director of School Business. As Director, Price will manage financial operations for $4.3 billion in state public school funds and $400 million in federal public school funds. The School Business division of nearly 50 employees provides financial leadership for local school districts and ensures the distribution of public education funding according to approved allotment formulas.

Price also has a strong background in the simplification and automation of financial operations. Over the years, he has been closely involved in interpreting the fiscal impact of legislation on local school systems and has supervised the preparation of all of DPI's continuation and expansion budget requests developed for consideration by the General Assembly.

His appointment fills the position left vacant by Lou Thompson, who is retiring this month. Thompson was a Division Director with DPI for more than 17 years.

State Superintendent Mike Ward and Associate Superintendent Jim Barber were enthusiastic in their recommendation of Price for the Director position. "Philip has been an integral part of the financial leadership team at DPI for some time," Ward said. "We are delighted to be able to promote him and confident in his ability to lead this division."

Associate Superintendent for Financial and Personnel Services Jim Barber said that Price is well-respected among local school finance directors for the successful improvements he has led over the past few years. "We are pleased to be in a position to name a new director who is familiar with the local finance directors and their operations."

Price is a native of Sanford. He holds two bachelor of arts degrees from North Carolina State University in Accounting and Economics. He has completed postgraduate coursework in computer science, as well as the Professional Management Program.

About the North Carolina Department of Public Instruction:
The North Carolina Department of Public Instruction provides leadership to 115 local public school districts and 107 charter schools serving over 1.5 million students in kindergarten through high school graduation. The agency is responsible for all aspects of the state's public school system and works under the direction of the North Carolina State Board of Education.


For more information:
NCDPI Communications and Information, 919.807.3450.