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Douglas County Board approves February and March 2025 financial reports; staff to finalize budget in May
Summary
The Douglas County Board of Education approved the district's February and March 2025 financial reports during its April meeting and heard that state allotments were about $46,000 higher than last year.
The Douglas County Board of Education approved the district's February and March 2025 financial reports during its April 2025 meeting and heard that state allotments were about $46,000 higher than last year, a board member said.
Chief Financial Officer Holly Tims presented the February report, saying, “Local revenues have been collected at a rate of 91.93%. Expenditures are below budget at 66.25%.” Tims reported East Block 6 revenue for February at $3,357,682.96, “reflecting a decrease of $2,806,185.92 compared to January.” A motion to approve the February report was made and seconded; the board recorded the item as favorable.
At the March presentation, Tims said, “Local revenues have been collected at a rate of 93.68. Expenditures are below budget at 74.62%.” She reported East Plus 6 revenue for March at $3,341,589.41, “reflecting a decrease of $16,093 and 55 some cents compared to February.” The board moved to approve the March report and recorded the item as favorable.
Board member Mister Jackson asked about the expenditures figure, asking, “Why don't all expenses go down 66.5%?” Tims replied that the percentage reported is year to date against the budget and reflected typical seasonal patterns, noting higher spending early in the school year for start-up costs and lower spending later in the year.
Board member Mister North said the district had received allotments from the state that were $46,000 more than the previous year and said staff would use that information to balance the budget. “We got our allotments from the state. It was, 46,000 more than what it was last year,” North said. He told the board staff should have final budget information ready so the board can begin finalizing the budget in May.
The board scheduled its next meeting for Monday, May 5, 2025, at 6 p.m.
Votes at a glance - February 2025 financial report — Motion to approve as presented; mover and seconder not specified in the transcript; outcome: approved (recorded as favorable). - March 2025 financial report — Motion to approve as presented; mover and seconder not specified in the transcript; outcome: approved (recorded as favorable).
