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Lynchburg schools report FY-to-date finances; insurance fund shows deficit pending audit
Summary
Finance staff presented October month-end financials: revenues received YTD $29,798,371.06; expenditures about 29.66% of original appropriation; and an insurance fund balance of negative $763,595.77 that finance says may change after the FY2025 audit by Brown Edwards is finalized.
At the Nov. 11 meeting, Lynchburg City Schools' finance staff delivered the October month-end financial report and provided an audit status update.
Key figures: Staff said 33.3% of the fiscal year had elapsed. Revenues collected against original appropriations were reported at 25.01%, while expenditures were 29.66% year-to-date. The…
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