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Finance director reports January month‑end: revenues lag, encumbrances high, some expenditure variances flagged
Summary
Lynchburg City Schools staff presented January month‑end numbers showing 43.6% of adopted revenues collected and expenditures at 51.48% of appropriation, with total expenditures including encumbrances at 94.26%.
Lynchburg City Schools staff presented the January 31, 2025 month‑end financial report on Tuesday, highlighting revenue timing and several expenditure variances.
The presenter reported that roughly 50.83% of the fiscal year had passed as of Jan. 31 and that 43.6% of originally adopted revenues had been collected year‑to‑date. Expenditures versus the original appropriation were at 51.48%, while total expenditures inclusive of encumbrances equaled 94.26%, staff said, noting encumbrances are set‑asides…
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