Finance report: Hampton City Schools reports first-quarter revenues and expenditures
Hampton City Schools School Board · November 6, 2025
Summary
The business office reported operating revenues of about $60.4 million (including a $5.1 million fund balance) and expenditures/encumbrances of about $80.6 million through Sept. 30, 2025, representing roughly 18% of budgeted operating revenues and 25% of budgeted operating expenditures, respectively.
Doctor Michael Thornton presented the business and finance report for the month ending Sept. 30, 2025, covering the district’s first fiscal quarter. Thornton reported total operating revenues, including an identified fund balance of $5.1 million, at roughly $60.4 million through the quarter, representing just over 18% of the budgeted operating revenues for the year. Expenditures and encumbrances totaled about $80.6 million, representing roughly 25% of the budgeted operating expenditures.
Thornton said the report includes a detailed listing of transfers through September and that staff are available to answer questions. No board members raised substantive questions on the figures during the meeting record. The superintendent noted that the district’s CFO was on leave and that Thornton presented the report in the CFO’s absence.
