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District reports small unaudited FY25 shortfall after buying Ridgely Road building; fund balance stronger without the purchase
Summary
Murfreesboro City Schools presented and the board approved the FY25 unaudited revenue and expenditure report showing a roughly $875,000 deficit driven largely by a $3.1 million transfer to cover the Ridgely Road building purchase; without that transfer the district would have added about $2.3 million to fund balance.
The Murfreesboro City Schools Board of Education on Sept. 23 approved the district’s unaudited FY25 revenue and expenditure report. Mister Owens, presenting the financial summary, described the report as unaudited and subject to final audit adjustments. Mister Owens said…
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