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Finance director reports $130.6 million ending fund balance for January 2025
Summary
Montgomery Public Schools finance director Pamela Watkins presented the January 2025 financial packet, reporting an ending general fund balance of $130,600,000 and explaining restricted fund sources and timing-related variances.
Pamela Watkins, the district's finance director, presented the January 2025 financial packet at the March 11 Montgomery County Board of Education meeting, reporting an ending general fund balance of $130,600,000 as of Jan. 30, 2025.
Watkins told the board that January represents the fourth month of the fiscal year and that expenditures at that point should approximate 33 percent of the annual budget. She said the reported ending fund balance includes multiple restricted revenue streams — for example, transportation and OSR pre-K funds — that must be spent for their specified purposes.
The financial snapshot shows a year-over-year payroll variance and differences in local revenue timing, she said. Watkins attributed part of a roughly $7.6 million expenditure variance to transfers to reserve accounts set up last year; those transfers are recorded as "other expenditures." She also noted that the district's F-state exhibits (those pulled from the Alabama State Department template) were included in the packet the board received.
Board members asked no substantive follow-up questions during the presentation. Watkins closed by asking whether there were questions and moved on to the agenda's executive-session item.
