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City Schools reports FY24 closeout: revenue beat budget, personnel costs account for most spending
Summary
Finance staff told the board the district closed FY24 with about $1.48 billion in revenue against a $1.40 billion final budget, noted federal audit deadlines and said personnel costs remain roughly three‑quarters of expenditures.
Baltimore City Public Schools finance staff presented a fiscal‑year 2024 closeout update to the Board of School Commissioners on Jan. 20, reporting final revenues above the adopted budget and reiterating federal and state reporting deadlines.
Deputy Chief Financial Officer Mary Anne Cox and Chief Financial Officer Chris Daugherty told commissioners that the district’s actual revenue for FY24 was about $1.48 billion compared with a final budget of roughly $1.40 billion. The presenters said variances…
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