Restoration costs set at $7 million for Manatee schools

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BRADENTON, Fla. -- The financial fate of the Manatee County School District is becoming clearer with the release of the findings of federal audits.

Superintendent Rick Mills held a press conference Friday to discuss the status of the fines and penalties the school district is facing.

According to the Manatee County School Board, restoration costs against the school district total about $7 million, which will come from this year’s general fund. Much of the restoration amount is the result of findings associated with fiscal years dating from 2005 to 2012.

The school district was projecting a positive fund balance of $8.2 million this year, in contrast to the $8.5 million deficit incurred at the end of last fiscal year.

ABC 7’s Bobeth Yates is following this story and will have more tonight on ABC 7 News at 6.