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Prince George CFO reports $86.3M year-end projection; board transfers $400,000 to CIP for paving

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Summary

CFO Gloria Smith told the board the division is projecting an $86.3 million year-end result, about $1.2 million under the revised budget; the board approved moving $400,000 from operations to the capital improvement plan to begin paving projects and approved several large purchase orders.

Gloria Smith, the school division’s chief financial officer, presented the May financial report and a year-end projection that showed projected revenues and expenditures slightly under budget.

Smith told the board that the division had received just over 86% of its budgeted revenues as of May and that obligations and expenditures were running at about 84% of the budget. The current year-end projection for FY25…

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