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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…
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