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Burke County board reviews November finances and approves workers' compensation renewal
Summary
District finance staff presented November financials showing fiscal-year completion at 41.66%, revenues of $8,488,464 and expenditures of $31,555,136; the board approved the November financial report and accepted the Georgia Education Workers' Compensation Trust renewal bid presented as the low responsive proposal.
The Burke County School Board heard the district’s November financial report and approved it by show of hands. The finance presenter reported the district was 41.66% complete with the fiscal year; total revenues as of Nov. 30 were $8,488,464 (about 7.09% of the general fund budget) and expenditures were $31,555,136 (38.33% of the general fund budget). The presenter also reported total assets of $273,604,012, general fund equity of $271,440,867 and total investments of approximately $260,231,821.53.
Separately, staff reviewed responses to the district’s workers’ compensation renewal. The Georgia Education Workers' Compensation Trust — the district’s incumbent provider — submitted a proposal reportedly around $206,000 and was presented as the best-value respondent; board members moved to accept that proposal and the motion was seconded and approved.
Other routine business: the board moved to approve the November meeting minutes and accepted the Early Head Start monthly report; those motions were seconded and approved with no recorded objections.
What happens next: standard fiscal monitoring will continue; staff will proceed with the contracted workers’ compensation provider under the terms presented to the board.
(Reporting note: monetary figures and vote outcomes are taken from the presenter’s statements during the meeting.)
