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Cabarrus County Schools board approves final 2024–25 budget amendments, authorizes possible July closing resolution
Summary
The Cabarrus County Board of Education approved final amendments to the 2024–25 budget and authorized a closing budget resolution that would allow limited adjustments at the board's July meeting if remaining accounting issues persist.
Rob Walter, board chair of the Cabarrus County Board of Education, opened a June work session by asking the board to approve final amendments to the 2024'25 budget and to authorize a closing budget resolution that would permit limited post-year adjustments at the board's July meeting.
The vote cleared both the budget amendments and the closing-resolution authorization after a motion by board member Sam Treadaway and a second by Greg Mills, vice chair. William, a staff member who reviewed the draft in advance, told the board he was comfortable with the language.
Phil Pan, a staff member presenting the amendment, said, "This is what I hope will be our final budget amendment for 2425." Pan told trustees the district is now anticipating a fund-balance appropriation in local Fund 2 of $3,820,000 and that, overall, budgeted expenditures for 2024'25 total $561,600,000 across all funds.…
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