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Newton County reports $226.7 million general‑fund revenue year‑to‑date; ending fund balance about $58.6 million
Summary
The district’s financial officer reported year‑to‑date general fund revenue of $226.7 million (94.21% of budget) and expenditures at 89.34% of budget; combined funds revenue year‑to‑date was $323 million and the ending fund balance was reported at about $58.6 million.
Erica Robinson, Newton County Schools finance director, presented the informational financial report for the month ending May 31, 2025.
Robinson told the board total general fund revenue year‑to‑date was $226,700,000, representing 94.21% of the budget. During May the district also received $518,000 in property tax revenue and $1.3 million from the joint development authority. Year‑to‑date general fund expenditures were $224,100,000, or 89.34% of budget, and the ending general fund balance was reported at approximately $58,600,000. The beginning fund balance was stated as $56,000,000.
Robinson said combined financial statements across all funds (general, capital projects, debt service and special revenue) show total year‑to‑date revenue of $323,000,000 and year‑to‑date expenditures of about $197,700,000 (approximately 90% of budget). Capital projects and debt service received $20.7 million and $6.6 million respectively from SPLOST proceeds and interest earnings; capital‑projects expenditures year‑to‑date were approximately $21,000,000, including payments for buses, technology and a roof replacement at West Newton.
Robinson concluded the report and remained available for questions; the presentation was informational and required no board action at the meeting.
