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NEWS RELEASES 2002-03 :: OCTOBER 17, 2002


In a special meeting today, the State Board of Education approved Philip Price as the Associate Superintendent for Financial and Business Services. Price returns to DPI from his current position as Senior Fiscal Analyst for public schools with the General Assembly's Fiscal Research Division. Previously, he was a member of DPI's Financial Services staff from 1978 to 2000, most recently as the Director of School Business Services.

Price fills a vacancy left when Hank Hurd resigned from DPI this month to become an associate superintendent with the Durham Public Schools.

DPI's Associate Superintendent for Financial and Business Services oversees the school business services and allotments for local school districts, providing leadership to three divisions and the Office of Budget Management. These divisions include the management of and policies governing approximately $6 billion in state public school funds, as well as approximately $1 billion in federal funds provided to local public schools. Other functions in this area include cash management, accounts payable, purchasing and agency services, textbooks, school finance, compliance and auditing, statistical information and analysis, school personnel support, child nutrition, school insurance, plant operation, school planning, transportation, planning and budget management, federal programs and school allotments.

State Superintendent Mike Ward said he "could not be happier" that Price is returning to DPI. "Philip has so much knowledge of the school finance area. His financial skills, coupled with his team-building skills, make him an ideal Associate for this area."

Price's career includes more than 20 years of financial and management responsibility, with strong emphases on financial analyses, the simplification and automation of financial operations and personnel management.

Price, a Sanford native, is a graduate of North Carolina State University with degrees in Accounting and Economics. He begins his new job Nov. 15.

About the North Carolina Department of Public Instruction:
The North Carolina Department of Public Instruction provides leadership to 115 local public school districts and 126 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 Communication and Information Division, 919.807.3450.