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Lynchburg Schools ask council to authorize $3.32 million in FY25 fund‑balance transfers
Summary
Lynchburg Public Schools requested council approval to reallocate a $3,317,910 fund balance to replenish the health insurance reserve, restore textbook reserves, and contribute $1 million to vehicle replacement; the item is scheduled for council consideration on Jan. 27.
A representative of Lynchburg Public Schools asked council for authorization to use a FY25 school fund balance of $3,317,910 to shore up several internal reserves and a city‑held vehicle replacement account, the school representative said at the Jan. 13 work session.
According to the materials and the presenter, the requested transfers are: $1,100,000 to the health insurance reserve (to…
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