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Board accepts second interim financial report showing multi‑million revenue increases and updated expenditures
Summary
Finance staff told trustees the second interim report projects about $9.3 million in additional revenue since December—driven by federal and state grants and local program revenue—alongside planned expenditures including a ~$2 million security project; trustees voted to accept and file the report.
Trustees voted to accept and file the Kern County Office of Education's second interim financial report after finance staff presented updated revenue and expenditure projections through Jan. 31.
The presenter summarized projected revenue increases across multiple categories: LCFF sources were projected up by $222,853 principally from higher alternative education average daily attendance; federal revenue was projected to increase by $1,200,000 as Title and AmeriCorps funds were…
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