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PGCPS fund balance fell $157 million in FY25 to $216.7 million; district below GFOA two-month reserve standard
Summary
CFO Lisa Howe and budget director Javonne Smith told the committee that FY25 ended with a $157 million decline in fund balance (from about $373 million to $216.7 million), leaving the district with less than one month of operating reserves versus the GFOA recommendation of two months.
Prince George’s County Public Schools’ finance leaders on Nov. 12 told the Operations, Budget and Fiscal Affairs Committee that the district’s fund balance declined by roughly $157 million from the start of FY25 to the end of FY25.
Director of Budget and Management Services Javonne Smith reported the district realized approximately 98.6% of budgeted revenue and spent about 97.8% of budgeted expenditures in FY25. Smith said the fund balance dropped from about $373 million at…
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