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School finance report: board approves $176,180 state retention funds and other grant appropriations
Summary
Board approved four school-related appropriations, including $176,180 in state funding for retention bonuses, a small Perkins reallocation, a federal reallocation and a $100,000 Title I award; finance staff reported April year-to-date revenue and expenditure trends.
Amelia County finance and school officials told the board that year-to-date revenues are up versus the prior year and that several grant appropriations for schools were ready for board action.
Mr. Trump, presenting the school finance information, said April year-to-date operating revenues and expenditures should be at about 76.6% of budget and that the county was at roughly 72.3% for the same period. He reported sales-tax projections close to FY25 budgeted revenue and said expenditures would rise in coming…
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