Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Burke County school district reports October revenues, assets and investments
Summary
Mrs. March reported October figures: revenues through October $7,065,030, total expenditures $25,180,457 (about 30.6% of general fund), total assets $278,673,087 and general fund equity $276,392,880; board requested follow-up on missing bank-reconciliation items.
Mrs. March delivered the district’s October 2025 financial report, noting the fiscal year was 33.33% complete. She reported total revenues through October of $7,065,030 and total expenditures of $25,180,457, representing roughly 30.59% of the general fund budget. The general fund balance sheet showed total assets of $278,673,087 and end-of-period general fund equity at $276,392,880. Investments across funds totaled $266,193,427.48 as of Oct. 31.
Mrs. March directed board members to the purchase order encumbrance report and vendor activity details for vendors paid $5,000 or more in October. A board member raised that reconciliation reports and bank statements from the primary school had not been received since July; Mrs. March said she would follow up and facilitate those documents.
The board moved to accept the financial report by motion and show-of-hands vote. Members thanked finance staff and asked staff to continue to provide monthly detail and to follow up on outstanding reconciliation items.
