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Savannah R-III board reports $4.583M surplus, approves career-ladder application and elects officers
Summary
The board accepted a finance report showing $25.48M in revenue and a $4.583M surplus, approved a state career-ladder intent-to-apply (vote: 6 yes, 1 abstention) and elected Joe Barbosa president and Corey Schilling vice president.
The Savannah R-III Board of Education on May 14 accepted a year-to-date finance report showing $25.48 million in revenue (about 85% of budget), expenditures of roughly $20,896,554 (about 67% of budget) and a $4.583 million surplus with three months left in the fiscal year.
"We currently have taken in 25.48 million dollars in revenue... expenditures are at about 67% ... so, with 3 months to go, we are at a surplus of 4.583 million dollars," Dr. Hanson told the board while…
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