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Hoover City Schools CFO reports majority of budget spent through seven months; business actions approved
Summary
CSFO Melinda Bach presented April financial statements showing general fund expenditures at 87.9% of budget for seven months, a reserve of 12.13 months, special revenue spending of $17.4 million (75% of budget) and payroll and cash‑displacement figures; the board approved business action items by voice vote.
Melinda Bach, chief school financial officer for Hoover City Schools, delivered a summary of the district's general purpose financial statements and told the board the district has spent the bulk of recurring operating funds through seven months of activity.
"Included in your packet is a summary of general purpose financial…
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