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Board told of unanticipated $2 million in revenue and transportation shortfall as budget closes
Summary
District business officials said $2 million in unanticipated revenue will increase the 2024–25 appropriations and that transportation costs were under‑appropriated, contributing to an end‑of‑year deficit; trustees asked for monthly financial presentations and a transportation status update.
Mount Vernon’s interim business official told trustees on July 15 that the district had received $2,000,000 in funds that were not previously budgeted and that the board must update the 2024–25 appropriations to reflect the unanticipated revenue. ‘‘This was $2,000,000 of revenue we did not anticipate receiving,’’ the business official said, and noted that the district must reconcile unanticipated revenue into the budget so its totals accurately reflect expected receipts and expenditures. Superintendent Dr.…
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