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Finance officer reports revenue gains, audit near completion; board reviews reimbursement policy and Whitaker Bank sponsorship
Summary
The finance officer reported year‑to‑date revenue of $13.7 million (3% increase) and an expense uptick; the audit deadline was extended and the district expects final reports soon. The board heard a first reading of revised expense reimbursement policies (meal per diem rising from $40 to $50; high‑rate area $60) and heard discussion of a proposed $25,000 Whitaker Bank sponsorship for gym naming rights (roll‑call vote mentioned but result not recorded).
The Mercer County Board of Education received a finance update and policy items during its meeting.
Finance officer (speaker 8) told the board that "for October 2025 our year to date actual revenue was 13,700,000.0 which is a 3% increase from the prior fiscal year." The general fund revenue budget was cited at $32,400,000.0. Year‑to‑date expenses were called out at $7,300,000.0, a 14% increase from the prior fiscal year; instruction spending…
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