School funds really need to be investigated to make sure they are being spent properly. Rich Conely did a great investigative report into the slush funds at my old high school. It turns out some of the money was used by some of the administrators for themselves.
The following piece appears in the Union Leader.

Quote of the Day -
"Money is like manure. If you spread it around, it does a lot of good, but if you pile it up in one place, it stinks like hell." -- Clint W. Murchison , Texas financier
My interpretation of this quote is that money should not be given to the government but should stay with the person that has earned the money. When you pile all the money in Washington DC or with government programs like public education it starts to stink.
Cathy
Spelling and grammar errors as well as typos are left as an exercise for my readers.
School district plans to apply for Race to Top funds
Tuesday, Jan. 12, 2010
MANCHESTER – The school district is moving ahead with plans to apply for federal Race to the Top money.
School board members voted last night to take the next step in the application process, authorizing Mayor Ted Gatsas to sign a memorandum of understanding.
Superintendent Tom Brennan said he has been spending most of his working hours preparing the district's bid for the money, which is being made available by the Obama administration. The state is hoping to receive between $20 million and $75 million, and city officials have estimated Manchester's share could amount to between $3 million and $6 million.
The money would benefit five Manchester elementary schools: Beech Street, Parker-Varney, Henry Wilson, Gossler Park and Bakersville.