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Finance report: Newton County Schools reports $181.6 million year‑to‑date general fund revenue
Summary
Chief finance staff reported February 2025 financials showing $181.6 million in general fund revenue to date (75.87% of budget), an ending fund balance of about $73.5 million and capital projects spending tied to SPLOST proceeds.
Erica Robinson presented informational item 11E1, the financial report for the month ending Feb. 28, 2025, and told the board the district’s total general fund revenue year to date is $181,600,000, representing 75.87% of budgeted revenue.
Robinson said the district received $2,900,000 in property tax revenue in February and year‑to‑date general fund expenditures are 65.51% of budget, approximately $164,100,000. She reported a beginning fund balance of $56,000,000 and an ending fund balance of approximately $73,500,000.
Across all fund types (general fund, capital projects, debt service and special revenue), year‑to‑date revenue was $224,300,000. Robinson said capital projects and debt service funds generated $14,600,000 and $2,800,000 respectively, primarily from SPLOST proceeds and interest. Year‑to‑date capital projects expenditures were $11,300,000; February activity included payments for carpet replacement and weapons detection equipment.
Robinson said spending in special revenue funds aligns with grant provisions and that there were no significant changes in the debt service fund from the prior month. The presentation was informational; no formal vote on the financial report was recorded in the transcript.
