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Board approves Cartwright's FY25 annual financial report showing $106.2M M&O spending and capital rollovers
Summary
The governing board approved the district's FY25 annual financial report Oct. 1. The report shows $106.17 million in maintenance-and-operations expenditures, $8.6 million in capital outlay spending and several fund shifts and carryovers that affect how services are funded and reported.
The Cartwright Elementary District governing board approved the fiscal year 2024'5 annual financial report at its Oct. 1 meeting after a presentation by the district's business office.
Executive Director of Business Services Dr. Derek Etheridge summarized key figures: maintenance-and-operations (M&O) expenditures for FY25 totaled about $106,167,746 (with roughly $67.8 million in salaries and $23.3 million in benefits), classroom site fund expenditures totaled about $7.4 million, and capital outlay spending was roughly $8.6 million. The presentation broke spending down by object codes…
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