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Finance staff report revenues on target in November; no areas of concern identified

Saint Mary's County Board of Education · December 11, 2025
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Summary

Finance staff told the board November revenues reached $153.6 million (51.22% of budget) and year-to-date expenditures and encumbrances represented about 92.46% of the budget; staff said there were no current areas of concern.

Finance staff presented the November financial report, saying revenues were $153,600,000 as of November (51.22% of anticipated revenues) and that encumbrances plus year-to-date expenditures totaled $277,300,000 (92.46% of the budget). The presenter noted county appropriations and state funding sources were each at about 50% and said there were no areas of concern at this time.

Board members did not raise substantive questions on the report. The presenter offered to answer follow-up questions and encouraged trustees to contact finance staff if additional information was needed.