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Board receives May financial report showing roughly $497 million in general fund revenue, $71 million fund balance reported
Summary
The district treasurer presented May financials showing operating revenue of about $497.2 million, expenditures near $425.9 million and a general fund balance figure discussed during the June 23 meeting; board voted to accept the treasurer's report.
Rodney Jackson presented the Fayette County Public Schools monthly financial report for May during the June 23 meeting and asked the board to approve the treasurer's report.
Jackson reported operating revenue of approximately $497,200,000 and total expenditures of about $425,900,000 for the general fund through May. He cited a general fund balance figure in the packet and noted investment income and other fund-level totals. "We are very sound," he said during the presentation and confirmed that the district reached about $5,000,000 in investment income for the period.
Board members asked no substantive questions after the presentation, and a motion to approve the monthly treasurer's report passed unanimously. Chair Murphy called for the motion to approve; Board Member Barbara Green moved and Board Member Monday seconded. The clerk recorded the vote as 4-0 in favor.
Ending: The board accepted the May financial report and proceeded to the informational items and closed-session agenda items that followed.
