Preliminary budget, enrollment and school nutrition reports show steady budget pacing and a declining nutrition fund balance
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Summary
Staff told the board the district has spent roughly 42% of its fiscal-year budget as of Nov. 30, received roughly $3.0–3.5 million in QBE receipts, and ended November with a fund balance just over $1 million; enrollment is plateauing and school nutrition fund balances are trending downward with monthly benefit and food costs near $170,000.
Finance staff reviewed the district's November financial report, the enrollment update and school-nutrition finances.
"As of November 30, we have spent 42, 42% of the fiscal year budget," finance staff said, reporting that QBE receipts of roughly $3.0—.5 million have arrived and that the tax digest receipts will produce larger revenue figures in January. Staff noted an end-period fund balance just over $1,000,000 and said SPLOST receipts are still recovering compared with prior years.
On enrollment, staff said district counts have largely plateaued and in some areas dipped slightly; board members asked staff to monitor proposed housing developments and potential overcrowding implications for capital planning.
On school nutrition, Miss Baker warned the ending fund balance has trended downward. She said employee-benefit expenses combined with monthly food purchases total approximately $170,000 and pledged that the district will review food distributors, personnel and budget options rather than return to previously negative operating balances.
The board was advised that several policy and budget items will move through the January-to-June budget cycle and that staff will provide additional detail in coming finance reports.