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Finance officer: $11.5 million in revenue year-to-date; expenditures rise 12%
Summary
Finance Officer Booher reported year-to-date revenue of $11.5 million and year-to-date expenditures of about $5 million, and said instruction accounts for roughly 45.7% of spending.
Finance Officer Booher told the Mercer County Board of Education that year-to-date revenue is $11.5 million and year-to-date expenditures are approximately $5 million.
"Total revenue, coming in year to date is 11 and a half million," Finance Officer Booher said during the finance report. He said expenditures year to date total about $5,000,000, a roughly 12% increase from the prior fiscal year, and that instruction comprises about 45.7% of the budget.
Booher told the board that budget movements can fluctuate until property tax bills are issued and receipts are collected, and that the district expects some revenue timing changes as the tax cycle progresses. The transcript included other numeric references that were unclear in context; officials indicated they will continue to refine budget figures as the year proceeds.
No formal action or vote was taken on the finance report during the meeting segment recorded in the transcript.
