Hoover City Schools finance chief reports revenue, expenditures and payroll figures
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Summary
CSFO Melinda Buck told the board the district has recognized 12.9% of budgeted revenue through Nov. 30, 2025, general fund disbursements are at 15.9% and November cash disbursements were $6,431,138.16; payroll for the period was reported at $14,739,367.37.
Melinda Buck, the district chief school financial officer, presented the summary general-purpose financial statements for the month ending Nov. 30, 2025, saying 12.9% of the district's budgeted revenue had been received to date and that revenue should rise through March as property tax collections finalize.
Buck reported that operating results for the general fund reflect two months of activity and that disbursements to date total 15.9% of the budget, slightly below an expected benchmark of 17%. She said the general fund reserved for two months of activity “currently stands 7.75” (as reported to the board).
On federal and program funds, Buck reported special revenue fund expenditures of 4,700,000.0, representing 20.4% of the annual budget. For November, she said cash disbursements totaled $6,431,138.16. Payroll for the period was presented as $14,739,367.37 in the packet shared with board members.
Buck told the board that the spending levels align with expectations for federally supported programs, which operate on a one-month reimbursement cycle, and that timing of reimbursements can affect when expenses are recognized.
The board had no questions and moved, seconded and approved the related business action items that followed the presentation. No formal follow-up action or additional direction to staff was recorded in the transcript.
The district will continue to monitor revenue as tax collections are finalized in the coming months and will report updates in routine financial summaries.