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Raleigh County Board reviews FY2024–25 finances, approves carryover and routine business
Summary
The board received the FY2024–25 financial report showing a $3.4 million deficit and an $88.8 million ending fund balance, approved the FY25–26 carryover and the superintendent's personnel recommendations, and set transfers for capital and contingency reserves.
Mister Butcher presented the Raleigh County Board of Education’s FY2024–25 annual financial summary and said the district closed the year with total combined fund balances of $88,800,000 and an unassigned fund balance of $33,100,000.
The presentation noted total revenues of $187,700,000 against expenditures of $191,200,000, producing a deficiency of roughly $3,400,000. Butcher told the board that the overall fund balances decreased by about $3,400,000…
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