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Lynchburg City Schools reports September month-end: revenues behind expenditures, $674,595.78 health-insurance shortfall noted
Summary
Finance staff reported month-end financials for Sept. 30, 2025: year-to-date revenues of about $20.31 million, revenues collected at 17.05% of original appropriation, expenditures at 21.33% and total expenditures including encumbrances at about 83%. A year-to-date health-insurance deficit of $674,595.78 was reported and described as expected to be
Finance director staff presented the Lynchburg City Schools month-end financial report for Sept. 30, 2025, noting year-to-date revenue and expenditure patterns and a health-insurance deficit the division expects to reconcile during the annual audit.
The presenter, identified in the meeting as Ms. Jamies, said revenues collected year to date totaled $20,311,009.85 and 96 cents and that revenues collected represented roughly 17.05% of the original appropriation. Year-to-date expenditures were 21.33% of the original appropriation. Ms. Jamies said total expenditures inclusive of encumbrances equated to about 83.0% of projected spend, and she reported no new notable variances from the prior month.
Ms. Jamies provided a breakdown of revenue sources: state revenues approximately 19.35% of total collections, federal revenues 18.45%, and local revenues 12.67%. She reported collection rates for miscellaneous and charges for services as roughly 19.81% and 33.27%, respectively.
On insurance, the report showed a year-to-date balance for employee health insurance of negative $674,595.78 that staff expect will be addressed in the district’s 2025 annual audit. Board members questioned the apparent $7 million increase in expenditures compared with the prior year; Ms. Jamies said some contracts were processed earlier in the fiscal year than the prior year and that the variance appeared to be a timing issue tied to expense/revenue lag. She said she was comfortable with the current position “barring any unusual expenses coming down the pike.”
Board members asked whether the city’s contribution had been received; the finance presenter said the city had provided more funds as of Sept. 30 than it had the prior year and that capital-improvement funds for projects such as track work are managed in a separate fund and are “in the queue” to be spent.
No formal board action was taken on the financial report; board members asked follow-up questions and requested continued monitoring.
