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Glynn County Schools reviews September finances, approves four budget amendments
Summary
Finance staff reported four September budget amendments covering grants and student mental-health funding and reviewed revenue, expenditure and investment positions. Staff noted year-to-date revenues are low pending property-tax receipts, September investment income of $467,000, and fifth-month collections of about $3.0 million.
Glynn County Schools finance staff told the board that four budget amendments were processed in September: a $6,600 decrease to the CTA grant, a $27,200 increase to a custodial supplement grant, a $3,700 reduction in the Georgia Outdoor Learning grant and a $140,000 increase for the student mental health grant.
The custodial supplement, staff said, is a state grant that funds a one-time $1,000 payment to each custodian and will be paid in the January payroll. The $140,000 mental-health increase corresponds to a state grant that provides roughly $20,000 per middle and high school, staff said.
Staff reported district revenues were about 9% of budget as of September, which they attributed to the timing of property-tax receipts, while expenditures were about 20.6% of budget and the overall budget position stood at 25%. August sales-tax receipts (collected in September) were reported at about $3.2 million. The district also reported $467,000 in investment income for September and noted roughly $19.7 million in cumulative investment returns since September 2022, according to staff remarks.
Board members asked for clarification on timing and on how investment balances tied to EastPlus project accounts were being spent; staff noted that some EastPlus balances are being drawn down for the performing-arts project while others remain invested. No separate formal vote on the financial report was recorded in the transcript.
