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Board hears year-to-date budget figures and insurance update
Summary
Finance staff reported general fund revenues of $24,499,841 (26.95% collected) and expenditures of $28,934,975 (31.6% spent), noting a year-to-date deficit. Staff also reviewed health insurance trends and a reduced property premium now at $1,549,203.
Acadia Parish School Board received a fiscal update on Nov. 18 showing year-to-date revenues and spending trends and a report on health and property insurance.
Finance staff presented a snapshot of the general fund through the reporting period: revenues of $24,499,841, or roughly 26.95% of expected collections, and expenditures of $28,934,975, or 31.6% of expected spending. "We're still running a deficit at this…
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