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City Schools reports audited FY24 results, $93 million assigned fund balance and multi‑year capital program needs
Summary
Baltimore City Public Schools presented audited FY24 general‑fund results, an assigned fund balance for capital projects and an update on major replacement and renovation projects and Healthy Schools funding as part of the committee27s budget briefing.
Baltimore City Public Schools (City Schools) officials presented audited fiscal 2024 financial results and a snapshot of capital planning to the City Council Budget and Appropriations Committee, showing final audited general‑fund results and an assigned fund balance set aside for capital contributions.
Deputy Chief Financial Officer Mary Anne Cox told the committee that City Schools follows a state reporting schedule and that the audited consolidated financial report is the authoritative document for FY24. City Schools reported an excess of revenue over expenditures at year‑end that the district has placed into assigned fund balance for capital priorities and other commitments.
"We present this information as part of the quarterly budget briefings required by local government," Cox said, noting the district27s different reporting calendar as a local…
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