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Monroe County board approves budget amendments, asks for monthly fund-balance breakdown
Summary
The Monroe County School Board approved budget amendments and heard questions from a board member about a $2.3 million upward revision in projected revenues and an apparent $7.5 million difference between a projected beginning fund balance and the reported current balance; the board requested monthly reconciliations.
The Monroe County School Board approved proposed budget amendments after a brief discussion and a voice vote.
A board member asked the board to clarify numbers in the district’s December financial report, noting that projected revenues in May had been $58.8 million but the December report shows $61.1 million — an increase of about $2.3 million — and that budgeted expenditures rose from $65.4 million to roughly $66.5 million. The member also…
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