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Gadsden County finance staff say expenditures exceed revenues by about $4.1 million; board orders deeper budget review
Summary
At a Dec. 16 financial workshop, Gadsden County School District finance staff submitted part of the Annual Financial Report and told the board revenues of $43,963,323.06 were outpaced by expenditures of $48,088,426.37, leaving the district with roughly a 3% reserve; board members requested a dedicated budget workshop and staffing and grant reallocation work.
At a Dec. 16 financial workshop, Gadsden County School District finance staff presented a portion of the district's Annual Financial Report (AFR) and said total revenues were $43,963,323.06 while total expenditures were $48,088,426.37, a gap staff described as reducing the district's reserve to about 3%.
"Our fund balance was right at 3%," finance staff told the board during the presentation. The AFR portion submitted to the state (ESE 348) was accepted with a few questions and no reported errors, staff said.
Why it matters: the gap between revenue and spending, combined with a thin reserve, leaves limited capacity to absorb unexpected maintenance or personnel costs. Board members repeatedly pressed staff for a clearer, line‑by‑line explanation of where overspending occurred and urged a longer budget…
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