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Board receives financial report showing higher fund balance and notes Sept. 30 grant-spend deadline
Summary
The board received the district's financial report showing fund balances averaging between $18M and $20M, higher monthly operations this year, and a requirement to spend certain FY25 grant funds by Sept. 30, 2025.
The Escambia County School Board received the district's financial report for April 2025, during which Finance staff reported that the district's overall fund balance is trending higher compared with the prior year and that operating-month averages have increased.
Mr. Ford presented comparative figures through April 2025, describing a rise in monthly operational figures that he characterized in the record as moving from around $2.5 million per month toward roughly $4.2 million per month in current comparisons and saying the district's one-year trend shows balances typically in the $18 million to $20 million range. He told the board some FY25 grant funds must be expended by Sept. 30, 2025.
Board members moved to receive the financial report as presented, subject to audit. The motion carried by voice vote. The board did not take additional budget-specific actions at the meeting; staff and the finance office will continue to monitor grant spending and return with audited figures as required.
