Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Finance topic
No spam. Unsubscribe anytime.
Glynn County Schools reports November budget amendments, property tax receipts boost revenues
Summary
Staff presented five November budget amendments, noting increases to preschool disability, CTEA and dyslexia grants and a spike in property tax revenue driving general fund revenues to 40.6% of budget.
The Glynn County School District reported five November budget amendments and a jump in property tax income at a Jan. 9 workshop meeting.
Finance presenter Miss Cody outlined the amendments: a $31,800 increase to the preschool disability grant, a combined $74,100 increase across three Career, Technical and Agricultural Education (CTEA) grants, and an $11,400 increase to the dyslexia grant. Miss Cody said district revenues in the general fund were at 40.6 percent of budget in November, an increase from October largely driven by property tax receipts; expenses were at about 37 percent and the overall budget position was reported at 41.6 percent.
Miss Cody also reported interest earnings for November of $472,994.44. She noted there were residual collections of $32,942 reported for December that reflect lagging remittances to the Department of Revenue and that Esplash 4 cumulative totals remain below $128,000,000 for the period reported.
Board members asked routine clarifying questions about timing and normal seasonality for collections; no formal vote or action on the amendments was recorded on the transcript at the workshop.
The board moved on after the presentation to facilities and program updates.
