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Cabarrus finance chief previews budget process, flags SRO grant shortfall and rising legal costs
Summary
The finance director told the board the district will change how it presents unencumbered balances and previewed the 2025–26 budget calendar. He said the 2024–25 SRO grant award dropped by about $200,000 compared with the previous year and that legal expenses are running above budget.
Cabarrus County Schools staff presented a monthly budget update to the board at the Jan. 16 work session and previewed the schedule for the 2025–26 budget process.
The district’s finance director said the current financial report understates available balances because the report calculates unencumbered balances from the beginning budget rather than the revised budget; staff said they will update the report to calculate from the revised budget to provide a clearer picture.
Staff also highlighted three material items from recent months. First, the district’s federal…
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