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Preston County schools review finances as fund balance declines and board presses for clearer budget scenarios
Summary
Treasurer Katrina Kursed told the board the district’s unrestricted fund balance declined after one-time federal funds expired and warned reserves will continue to fall if spending patterns are not adjusted. Board members asked for management reports that show a budget that does not draw on reserves and identified personnel and recurring digital curriculum platforms as major cost drivers.
Preston County’s chief school business official delivered a comprehensive fiscal update at the Nov. 10 school board meeting, telling trustees the district’s unrestricted fund balance declined from last year after federal one-time funding phased out and that forecasted spending will reduce reserves unless adjustments are made.
Katrina Kursed said the audited and unaudited numbers show a roughly $500,000 drop in unrestricted fund balance compared with the previous year; a larger apparent swing included encumbrances and prior-year purchase orders carried into the new fiscal year. She also told the board the district has not received a current sheriff’s tax…
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