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District reports first positive year-to-date position; revenues exceed expenditures by $2.6 million
Summary
Robertson County Schools reported revenues of about $67.4 million and expenditures of about $64.7 million through Dec. 31, producing a $2.6 million positive variance; the board heard the expense comparison and tax/sales revenue updates.
Robertson County Schools reported on Feb. 10 that through Dec. 31 district revenues stood at roughly $67,400,000 (about 48% of budget) and expenditures at roughly $64,700,000 (about 45% of budget), producing a year-to-date positive variance of about $2,600,000.
“This is the first month that that's actually showed up as a positive number,” Dr. Weeks, director of schools, told the board, adding that county sales-tax receipts were reported up about 3 percent by the county mayor and the district finance director, which contributed to the improved position.
The board packet included detail showing property-tax receipts at $10,200,000 (about 54% of budget) and sales-tax receipts reported at $88,400,000 (about 50% of budget), per the expense-comparison report presented to the board. District staff noted controllable expenditure categories tracked by the finance office — electricity, diesel fuel, gasoline, salaries and insurance — and said more detailed line-item reports are available in the consent agenda for board review.
The presentation signaled a short-term improvement compared with the district’s prior projections; the board did not take formal action on the report but asked staff to provide detailed backup reports to any members with questions.
Ending: Finance staff will continue monitoring revenues, including potential legislative impacts such as proposals related to school vouchers and state-mandated bonuses, and will present updates as they become available.
