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Budget committee forwards amendment to full board after insurance receipts boost FY revenue
Summary
The Saint Louis Public Schools budget committee voted to forward a proposed first budget amendment to the full board for Dec. 9 after CFO Kimberly Johnson reported an unplanned local revenue increase largely tied to insurance proceeds from storm damage, shifting the districts FY revenue estimate upward while expenditures remain unchanged.
The Saint Louis Public Schools Budget Committee on a routine meeting voted to forward a proposed first budget amendment to the full school board for its Dec. 9 meeting after officials reported newly recognized local revenue tied to storm insurance.
CFO Kimberly Johnson presented October financials and said the districts general operating revenue estimate would rise from $339,000,000 to $341,000,000 if the amendment is approved. "A big portion came from the Ashley storm recovery insurance proceeds of $1,500,000," Johnson said, adding a smaller insurance reimbursement of about $220,000.
The change, as described by Johnson, is not a shift in expenditures: "Our expenditures remain unchanged," she told the committee, noting the amendment would reallocate…
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