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Lynchburg finance report shows $2.25M health-claims deficit; board seeks rollover support
Summary
The division's January finance report shows a year-to-date negative balance of $2,253,704.17 driven by high-cost health claims; staff said a $1,000,000 reserve remains and the division has requested $1.1M in rollover funding from city council while preparing an RFP for 2027.
The Lynchburg City Schools finance director presented the January 2026 financials, detailing revenue, expenditures and a year-to-date deficit driven by high-cost employee health claims.
Speaker 17 told the board the district has received $62,367,416 in revenue year to date and that the fiscal year is 58.33% complete. Expenditures were 55.54% of the original appropriation;…
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