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Carroll County Schools board reviews financial reports, accepts SPLOST validation and approves budget amendment
Summary
At its April 14 work session the Carroll County Board of Education reviewed February financials and the district27s FY24 audited financial statements, heard a FY25 budget update and unanimously approved a resolution validating the March SPLOST election and a second budget amendment for the year.
The Carroll County Board of Education reviewed financial reports and audited statements and took three formal votes during its April 14 work session.
Finance director Lane Wolf presented the February financial report, reporting month-to-date revenue of $13.2 million and expenditures of $15.5 million, and a fund balance of $50.7 million with $2.5 million in encumbrances. Receipts for the Special Purpose Local Option Sales Tax (SPLOST) were reported at $1.8 million, a 5.1% increase year over year, with expenditures of $1.9 million and a project balance of $6.4 million.
Wolf said the district received a four-star financial efficiency rating for fiscal year 2024 from the Governor27s Office of Student Achievement (GOSA), a measure that compares academic performance with per-learner spending. Wolf…
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