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City Schools reports year‑to‑date surplus in general fund; cautions on timing and federal grants
Summary
Baltimore City Public Schools presented a nine‑month (through March) general‑fund update showing year‑to‑date revenue exceeding expenditures but warned that year‑end adjustments, grant timing and expected liquidation of encumbrances will affect the final audited result.
Baltimore City Public Schools’ finance team told the Council’s Budget and Appropriations Committee that nine‑month results through March 2025 show revenues exceeding expenditures for the general fund, but year‑end adjustments and grant accounting will change the final closing numbers.
The update is required by local legislation and is the LEA’s regular quarterly financial briefing; Deputy Chief Financial Officer Mary Anne Cox presented the report and identified state funding as the largest revenue source, with city…
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