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Board approves budget amendments; finance staff warn of continued fund-balance shortfall
Summary
Board approved multiple budget amendments including $305,272 in new state funds for specified programs; finance staff said the district still expects to draw down $4.1 million in fund balance this year and urged further savings despite consolidation projections.
The Granville County Board of Education voted to approve several routine budget amendments and heard a fuller budget review that highlighted a large projected use of fund balance for this fiscal year.
Finance staff reported a state-funding amendment that increases the budget by $305,272 to allocate new state dollars for driver’s education, summer reading camp, exceptional-children services, after-school tutoring and the Book Harvest program. Other…
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