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Morgan County Schools staff presents $114 million proposed budget; no vote taken
Summary
District staff presented a proposed $114,043,251.23 budget to the Morgan County Schools board, outlined revenue increases tied largely to state funding, a planned capital program and a projected general fund balance; the board did not act on the budget and will consider approval at a later meeting.
Mr. Hagood, a Morgan County Schools staff member, presented the district’s proposed budget to the board and said, “The total budget for us this year is a $114,043,251.23.”
The presentation, given during a regular board meeting, described sources of revenue, a breakdown of expenditures and a capital plan. Hagood told the board the district projects higher state funding compared with the prior year, and that the proposed budget shows the general fund expenditures exceeding general fund revenues in the current year.
The staff member said the proposed budget includes a capital plan and one-time capital spending that the district intends to…
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