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Piedmont finance report shows $6M carryover; board hears concerns about state child-nutrition proposals
Summary
District finance staff reported a year-end carryover of about $6,000,000 and strong interest earnings from a sweep-account program. Board members discussed a recent public comment by a state official about child-nutrition funding and the district's inability to absorb large new costs without cutting staff or services.
The district’s finance staff reported year-end financials showing a general-fund carryover a little over $6,000,000 and several funds with encumbrances pending final invoices.
Chief financial staff told the board there remains a small amount encumbered in the general fund (about $116,002) for recurring June bills. Year-to-date revenue overcollections totaled roughly $4.9 million across district and state sources. The building fund showed…
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