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Revere Local treasurer reports near-term budget variance; district outlines federal Title and CCIP funding uses
Summary
At its June 24 meeting Revere Local's finance presentation showed a small negative variance for the fiscal year and listed multiple community donations; district staff also explained CCIP/Title funding allocations and how those federal funds support summer and special education programming.
Revere Local Schools' finance staff reported a modest budget variance and summarized federal funding programs and community donations at the board meeting on June 24.
The finance presentation noted revenue was about $22,000 short of the administrator's estimate; on the expense side the district said it was running slightly negative—"for 11 months, slightly negative $200,000"—driven in part by higher spending rates for supplies (92% spent on budgeted supplies versus the typical 82%) and slightly higher county fiscal officer tax collection…
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