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Fayetteville board adopts 2024–25 final budget, approves $5 million building-fund transfer and one-time staff bonus
Summary
The Board of Education approved the district’s final 2024–25 budget, including a $5 million transfer to the building fund and a one-time $750 bonus for contracted staff; the board also approved a $1,000 referral bonus to recruit bus drivers.
The Fayetteville Board of Education on Aug. 28 approved the district’s final 2024–25 budget and accepted several one-time personnel incentives, including a $5 million transfer to the building fund and a $750 one-time bonus for contracted staff.
Mickey McFetridge, the district’s director of finance, told the board that preliminary year-end figures produced a higher-than-expected ending fund balance and that administrators proposed moving $5 million to the building fund and distributing a $750 one-time bonus to staff who are on contract with the district as of Oct. 1. McFetridge said the district’s ending fund balance for the…
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