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Finance officer reports modest revenue growth, audit near completion; district budget figures fluctuate
Summary
Mercer County’s finance officer told the school board October year-to-date revenue was about $13.7 million (3% increase year over year) and expenses were $7.3 million (14% increase), and said the state extended audit deadlines so the district’s audit is nearly finished and will be presented to the board at a future meeting.
The Mercer County Board of Education heard financial and audit updates Monday as district staff described revenue and spending trends and an upcoming auditor presentation.
The district’s finance officer reported October year-to-date actual revenue of about $13.7 million, a roughly 3% increase from the prior fiscal year, against a general-fund budget of $32.4 million.…
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