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City schools finance chief reports steady revenues, reserve above target and bus purchases underway
Summary
CSFO Jay Duke told the board the district’s November financials are close to budget, the reserve sits above the board’s 1.5-month target and 25 new buses are on order; he flagged a state appropriation change to the Advancement Technology Fund staff will model in a future work session.
CSFO Jay Duke presented the Tuscaloosa City Schools November financial statements and told the board most revenue streams are in line with last year’s figures, with sales tax ‘‘up slightly’’ and car-tag tax recording a strong month.
Duke said the district’s reserves remain above the board’s 1.5-month target and that, looking back to Sept. 30, the system finished slightly below a four‑month…
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