Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Financial Report Consent Agenda topic
No spam. Unsubscribe anytime.
Board approves consent agenda; August financial report shows typical early‑year deficit and $41.6M fund balance
Summary
The board approved the consent agenda (items 1–8). The district presented the August 2025 financial report: year‑to‑date revenue at 27% of budget, expenditures at about 10% of budget, an August deficit offset by fund balance of about $41.6 million; capital and special revenue highlights were reviewed.
City Schools of Decatur’s Board of Education on Oct. 14 approved the meeting consent agenda, which included routine monthly reports and the August 2025 financial statements.
Chief Financial Officer Dr. Lamita Broom summarized the August financials: the district had collected approximately 27% of its budgeted revenues year‑to‑date and expended about 10% of appropriations for the new fiscal year; the resulting August deficit (typical at fiscal-year start when salaries post) was covered by the district’s fund balance, which the presentation listed at approximately $41.6 million. Broom noted that fund balance will fluctuate as expenditures and reimbursements proceed through the year.
Capital activity in August was limited to swap proceeds and investment earnings; special revenue (grant) activity reflected closeout of FY25 grants and roll-forward into FY26 grants. Food and nutrition program revenues and expenditures were within usual ranges and showed a small fund deficit for the month. The board accepted the financial report and approved consent agenda items 1–8 by unanimous vote.
Ending
Board members asked staff to be available for detailed questions; the finance team said it will continue to provide monthly reporting and answers to board inquiries.
