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Board approves midyear budget amendment; finance staff report spending trends and pressures
Summary
Finance staff presented a midyear spending review and the board approved a budget amendment that reallocates roughly $1.55 million across funds; staff flagged higher-than-expected property insurance, charter school payments, and several one-time repairs as drivers.
The Craven County Board of Education approved a midyear budget amendment and heard a spending review from district finance staff that identified several outliers affecting the current fiscal year.
Finance staff described a formal amendment of $1,549,397 that shifts and updates appropriations across multiple funds (state, local, federal and school nutrition). Staff said reasons for the midyear adjustments include an increase in property insurance, higher payments to charter schools linked to…
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