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Board approves financial report and two budget amendments; meeting votes at a glance
Summary
Madison County School Board approved the March expenditure report, accepted an updated financial format and approved two budget amendments to align the district’s books with what was submitted to the Department of Education; the board recorded a series of routine votes (all 4-0).
The Madison County School Board approved the March expenditure report and two budget amendments in a single vote after staff presented updated financial statements and a revised reporting format, the superintendent said; the motion carried 4-0.
Finance staff described changes to reporting format and noted that the district had contracted with an outside consultant to work through financial issues. Staff said total general fund revenues collected were about 76.09% and expenditures were about 74.98% through March, and that unrestricted (unassigned) funds were about 8.45% as presented. The first budget amendment corrects beginning balances to match what was adopted and submitted to the…
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