Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the School Finance topic
No spam. Unsubscribe anytime.
Finance report: Matthews schools report grant wins, large Medicaid settlement and concerns about end of 'all-in' tutoring funds
Summary
Finance staff reported 70% of revenues received and 63.9% of operating expenditures spent through March, noted sizable grants (math innovation, VTSS) and a $147,000 carryover of all-in tutoring dollars pending state approval; the district also received a larger Medicaid cost settlement than prior years.
At the April 21 meeting the Matthews County School Board received a financial update showing the operating fund had received about 70% of budgeted revenues by the end of March and expended roughly 63.9% of the operating budget.
Miss Hunley reviewed grant activity: the division expects to use remaining all-in tutoring grant funds (about $147,000 carryover) in fiscal 2026 subject to state approval; the division also holds math-innovation and math-acceleration grants and a VTSS grant to support MTSS implementation and curriculum work. The math-integration grant totals more than $200,000 to support K–12 HQIM materials next year, she said.
Miss Hunley reported a notable Medicaid cost settlement reimbursement: fiscal-year 2025 cost settlement was roughly $122,000 (up from $48,000 in FY24), reflecting broader eligible billing practices. She explained cost settlement reconciles billed services (OT, PT, speech, nursing and other Medicaid-eligible services) and personnel time in a periodic true-up.
Superintendent Dr. Daniel and board members flagged a looming policy issue: state all-in tutoring funds may not continue at prior levels. "How will we bridge that gap?" a board member asked; Dr. Daniel said the district will look for creative alternatives — reconfiguring the instructional day, pursuing other grants, or finding software and program efficiencies — but acknowledged uncertainty about sustaining the afterschool model funded by the all-in grant.
No budget amendments were adopted at the meeting; Miss Hunley said administrators will prepare an amended FY26 budget next month after final average-daily-membership numbers are confirmed.
The board asked for clarity on any grant strings and on the timeline for returning unspent grant funds to the state. Staff said grants must be used only for stated purposes and unspent funds will be reconciled with VDOE.
