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Prince George CFO reports $86.3M year-end projection; board transfers $400,000 to CIP for paving
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 was $86.3 million versus a revised budget of $87.5 million — roughly a $1.2 million underrun — though Smith noted a pending $400,000 transfer request to the county for the capital improvement plan had not been removed from the projection.
The board approved moving $400,000 from operations to CIP to fund paving projects. The transfer was moved to action and passed by roll call.
Smith also reviewed new purchase orders exceeding $100,000 included in the packet: a multi‑bus order with Sonny Merriman, roughly $1.47 million total for school buses; approximately $393,000 for softball field lighting; nearly $300,000 for re‑roofing projects with Roof Systems; about $125,000 for miscellaneous automobile purchases; and about $114,000 for the Moseley Architects feasibility study.
Smith said the projection includes a $632,000 state payment for Standards of Quality (SOQ) bonuses and reflected cost items totaling about $872,000 already noted. Board members paused nonessential spending until July because available budget remained tight.
Separately, the board approved routine business items on the consent agenda, a surplus auction of vehicles and equipment, and the one‑year ESS substitute staffing agreement through June 30, 2026 (auto‑renewal available).
