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TCS year-end report: revenues slightly above budget, expenditures below; deficit outlook improves
Summary
CSFO Jay Duke told the board revenues finished about 3% above budget and expenditures about 3% below, narrowing a roughly $9 million deficit heading into FY25; Duke said the results extend the district—s runway and noted capital spending remains constrained by debt service.
Tuscaloosa City Schools presented fiscal year-end financial statements for the year ending Sept. 30 (FY25) at the Nov. 18 board meeting, with CSFO Jay Duke reporting modestly improved results that narrowed the district—s projected deficit.
Duke said, "Our revenues were up over what we thought they were gonna be by 3%. Our expenditures were below what we thought by 3%." He told the board those variances—roughly $4.5 million better on revenues and about $4 million lower on expenditures compared with earlier projections—substantially…
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