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Petersburg schools report strong year-end position; head start retains carryover funds
Summary
The district reported fiscal-year 2025 spending and balances across general, grant and head start funds and said it is working with the city to protect remaining cash for capital projects.
PETERSBURG, Va. — Petersburg City Public Schools Chief Financial Officer Mathias Greywood reported to the school board Wednesday that the district is positioned to close fiscal year 2025 with positive balances across operating and grant funds and that district leaders are coordinating with the city on capital funding needs.
Greywood told the board the school division’s city revenue budget for FY2025 was $15.7 million; as of May 31 the district had received roughly $14.73 million, leaving $1.03 million outstanding. The general fund’s…
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