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Board approves budget amendment after finance update; auditors to complete single-audit work
Summary
Dr. Hansen reported improving revenue collections and planned investments; the board approved a budget amendment that reduced the projected deficit to about $1.3 million and received an audit recap noting a forthcoming single-audit tied to federal food-service funds.
The SAVANNAH R-III Board of Education approved a budget amendment after receiving a finance update from Dr. Hansen and heard an audit recap during its regular meeting.
Dr. Hansen told the board the district had collected roughly 53.96% of expected revenue so far in the fiscal year, reporting about $15.1 million compared with about $13.7 million at the same point last year. Year-to-date expenses were reported as roughly $500,000 lower than the previous year. Because reserves remain healthy, staff described plans to invest…
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