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Mercer County schools report preliminary fiscal-year results showing revenue uptick
Summary
Finance presenter Amber Minor told the Mercer County Board of Education the district’s preliminary fiscal-year numbers show about $31.8 million in revenue (roughly 12% above the prior year), an ending balance higher than last year and timing-related spending on school buses that will affect year-to-year comparisons.
Amber Minor, finance presenter, told the Mercer County Board of Education that preliminary year-end figures show stronger revenue than budgeted and caution about timing-related expenses.
Minor said the district’s revenue at the time of the report was approximately $31.8 million — about a 12% increase from the prior fiscal year and above the budgeted $29.5 million. Local taxes were reported at about $11.1 million (a 7.6% increase). Minor said interest earnings fell…
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