Ferguson-Florissant CFO: district behind on property tax receipts, half of TAN repaid; board approves fiscal-management policy

Ferguson-Florissant School District Chief Financial Officer Lavonne Singleton told the board on Feb. 12 that the district has not received recent property tax deposits from St. Louis County and is “about $22,000,000 behind where we were last year.”

Singleton said the district borrowed a tax anticipation note and “we only borrowed $7,050,000,” and that the district has repaid approximately half of that loan with a $3,500,000 payment made in February and a second payment scheduled for March 1 covering the remaining principal plus interest.

The monthly financial presentation reviewed revenues and expenditures through Jan. 31, 2025. Singleton reported general fund revenues of about $32.8 million versus an original general fund budget of roughly $73.1 million (about 45% collected) and said the district has expended about 55% of budgeted…