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Business services reports March receipts, fund balances and capital project expenditures
Summary
The district’s business services director presented March financials: $1,649,438.65 in receipts for March; general‑fund balance $102.9 million; year‑to‑date revenues $172.4 million and expenditures $154.1 million; capital projects expenditures exceed year‑to‑date capital revenues.
Barrow County School System business services presented financial figures for the month of March and year‑to‑date totals.
The presenter reported $1,649,438.65 in receipts for March. Year‑to‑date figures for the general fund were: total fund balance $102,900,000; total revenues $172,400,000; total expenditures $154,100,000. Monthly revenue for March was $11,800,000 and expenditures for March were $18,600,000; the presenter noted the district is at 75% of the fiscal year.
Capital projects year‑to‑date revenues were reported as $13,800,000 and year‑to‑date expenditures as $24,200,000. Special revenue funds (for February reporting) showed year‑to‑date revenue $18,000,000 and expenditures $19,200,000; debt service year‑to‑date revenue $10,000,000 and expenditures $11,800,000. The presenter provided invoices for board review and invited questions; none were raised during the report.
