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Burke County board accepts August financial report showing expected early-year spending
Summary
Finance staff reported August 2025 revenues of $4,226,875 and expenditures of $11,456,510; the board accepted the monthly financial report and noted investments and general fund balances.
The Burke County Public School System board accepted the August 2025 financial report after a presentation from the district's finance presenter (identified in the transcript as Jamar).
Jamar told the board the fiscal year was 16.66% complete. As of 08/31/2025, total revenues were $4,226,875 (3.53% of budgeted revenues), and total expenditures were $11,456,510 (13.92% of budgeted expenditures). General fund assets were reported at $289,866,271 with general fund equity of $287,501,810; total investments across funds were $275,673,781.01. The presenter noted that early-year encumbrances and purchase orders typically make expenditures appear higher at the start of the year.
A motion to accept the report was made, seconded and approved by show of hands.
Next steps: The board did not request further action; typical quarterly and year-to-date monitoring will continue.
