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Pulaski County schools report stable budget picture with $6.6M projected carryover; state action awaited

Pulaski County School Board

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Summary

The district reported about 33% of the budget year remained and a projected county general fund transfer of $10,484,901, leaving roughly $6.6 million (about 38%) available for the rest of the year; staff said a 3% raise and insurance increases are included and they expect more clarity after the governor’s action on the budget in late March.

Pulaski County school officials told the board the operating budget remains in sound shape through February, with an available county transfer and carryover that should cover projected needs.

Miss Galar presented the financial overview, saying "As of the February, 33.33% of the budget year is remaining." She reported the projected county general fund transfer through February is $10,484,901, leaving approximately $6.6 million (about 38%) available for the remainder of the year; by comparison at the same point last year the carryover was about $6 million (36%).

Galar said all major expenditure areas were under budget for this point in the year. The presentation factored in a proposed 3% raise for staff and expected insurance increases; officials said the amount for insurance may change. She also noted state revenue projections and lottery receipts that have begun arriving and said staff prepared the budget using the latest guidance from the Virginia Department of Education.

Board members asked clarifying questions about timeline and next steps; staff said they will deliver a budget packet to county leadership ahead of the county’s review in April and that the governor’s action on the state budget (expected around March 24) will provide further clarity on state funding.

The board did not take any separate action on the budget analysis at the meeting but scheduled additional budget work sessions and reviews in coming weeks.