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Finance report: district reports $212.1M general-fund revenue year-to-date; audit closes with no findings
Summary
The board received the April financial report showing year-to-date FY25 general fund revenue of $212.1 million and an ending fund balance of about $63.5 million; the FY24 annual audit completed with no findings for a second consecutive year.
Miss Erica Robinson presented the monthly financial report for the period ending April 30, 2025, reporting total general fund revenue for FY25 to date of $212,100,000 (88.14% of budget) and general fund expenditures of approximately $204,500,000 (81.55% of budget). "Our beginning fund balance was $56,000,000," Robinson said, adding that the ending general fund balance stands at approximately $63,500,000 after year-to-date activity.
Robinson said the combined statement across all funds shows total year-to-date revenue of $303,000,000 and year-to-date expenditures of approximately $270,200,000 (about 81% of budget). She noted capital projects and debt service funds received $18,600,000 and $6,600,000 respectively, mainly from SPLOST proceeds and interest earnings. Capital-projects spending year to date was reported at $19,200,000 and April activity included payments for buses, playground equipment and band uniforms.
Robinson reported the FY24 annual audit (Malden & Jenkins LLC) has been completed and concluded with no findings for the second consecutive year, covering federal programs that included 21st Century Community Learning Centers and COVID-19 Education Stabilization Fund reviews. Board members praised the finance team for stewardship and audit performance.
The presentation included routine expenditure notes and said purchasing and staffing costs are consistent with planned FY25 activity; Robinson remained available for follow-up and board discussion.
