Petersburg school board approves 2025–26 budget after finance briefing
Loading...
Summary
The Petersburg City Public Schools board approved the district202526 budget after a presentation from Chief Financial Officer Dr. Mathias Greywood. The April financial update outlined receipts, remaining balances and fund-level spending; board members asked for further line-item detail before close of the fiscal year.
The Petersburg City Public Schools Board of Trustees voted unanimously May 21 to approve the division's 202526 budget following a financial briefing by Chief Financial Officer Dr. Mathias Greywood.
Dr. Mathias Greywood opened the public presentation by saying, "I present the 2025 budget update for Petersburg City Public Schools as of 04/30/2025," and reviewed receipts, fund balances and expenditures across the district's general, grants and Head Start funds. He told the board the division had received most city revenue for the year and identified remaining balances that staff expect to receive in the coming weeks.
The board chair called the vote on the superintendent's recommendation to adopt the PCPS 202526 budget; the motion was moved by Board Member Steven L. Pierce Sr. and seconded by Board Member Bernard J. Lundy Jr. The motion carried with the vote recorded as "Aye" and "Motion carries." The district indicated contracts tied to the budget would be issued within three business days after the vote.
Greywood presented line-item summaries during his slides, reporting figures for core funds and noting where personnel, transportation and operations spending had occurred. He reported instruction and administration accounts with remaining balances and summarized Head Start and food services/grants funds. On Head Start he said the program budget stood with a balance remaining and that salaries and benefits were major line items. Several numeric figures were reported during the presentation; board members asked staff to verify adjustments where negative balances were indicated and to return an itemized spreadsheet showing exact allocations for each position and program.
Board members pressed for a more detailed breakdown of the items grouped under broad labels such as "student mental health," "behavior interventionists," "instructional coaches" and "field experiences." The superintendent and CFO agreed to provide an itemized spreadsheet showing how Title and local funds are attributed to specific positions and services before the next reporting cycle.
The vote authorizing adoption of the budget authorizes staff to execute contracts and proceed with hiring and expenditures tied to the approved 202526 budget.
Looking ahead, the board chair said staff would circulate copies of executed contracts and requested that the CFO provide the itemized expense breakout requested by board members.
