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Virginia Beach schools report $27.8M unspent balance as board wrestles with budget calendar
Summary
The district reported a favorable fiscal year 2025 outcome with an approximate $27.8 million unspent/unencumbered balance and preliminary reversion estimates near $38.1 million; the board debated and approved an amended budget workshop calendar for the coming months.
The Virginia Beach School Board heard an interim financial presentation on Sept. 23 showing a favorable revenue trend for fiscal year 2025 and a substantial remaining balance as budget season approaches.
Daniel Hopkins, director of the Office of Business Services, said the division's final revenue trend for the year ending June 30, 2025, was approximately $10.7 million over budget and that the district's remaining unspent and unencumbered balance was $27.8 million. Hopkins told the board that preliminary reversions and adjustments — including athletic funds and other items — produced a preliminary…
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