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Burke County Schools reports slight budget overrun, details fund uses in year-end closeout
Summary
Dr. Lawson presented the Burke County Schools fiscal year-end closeout at the Board of Education meeting on June 23, saying the district's operating budget (excluding capital) totaled $153,500,000 and ended $847,000, or 0.6%, over the original adopted budget.
Dr. Lawson presented the Burke County Schools fiscal year-end closeout at the Board of Education meeting on June 23, saying the district's operating budget (excluding capital) totaled $153,500,000 and ended $847,000, or 0.6%, over the original adopted budget.
The summary matters because payroll and benefits accounted for the bulk of spending: "Of the $153,500,000 this year excluding capital, 88.6% of our entire budget is payroll and employer benefits costs," Dr. Lawson said. He told the board that the district used $656,610 of Fund 2 balance during the year and that the overall variance will be reduced as reimbursements arrive.
Dr. Lawson walked the board through spending by fund. He said Fund 1 (state funds) totaled roughly $97,000,000 and is…
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