Lee County Schools finance update: $120 million budget, 46% spent through November
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Summary
Finance staff reported a November-reflective budget of $120,019,336 with year-to-date expenditures of $51,101,893.68 and encumbrances of $4,515,001.25, leaving a remaining budget of about $64.4 million (46.34% spent).
Finance staff presented the district's November-reflective financials: a total budget of $120,019,336, year-to-date expenditures of $51,101,893.68 and encumbrances of $4,515,001.25, leaving a remaining budget of $64,402,316.78. The presenter said the district was at approximately 46.34% of the budget year-to-date and that itemized financials by purpose code and a board expense report were available for review.
The report was presented for board review and the finance presenter invited questions; none were asked during the meeting. The figures cited reflect the budget resolution passed the prior month and were framed as a status update rather than a request for new appropriations.
Board members set committee meeting dates and accepted the finance report as informational. Any budget amendments or additional appropriations were not proposed at this meeting.