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Bartlett board accepts September financial report, listing year-to-date General Purpose Fund revenues of $22.0M
Summary
The Bartlett City Board of Education accepted its September financial report, which lists year-to-date General Purpose Fund revenues of $22,048,735.51 and provides detailed line-item revenue and expenditure statements for multiple funds; the board accepted the report as informational.
The Bartlett City Board of Education accepted the district's monthly September financial report during its Oct. 24 meeting, receiving detailed revenue and expenditure statements for the General Purpose Fund and several special funds.
The revenue section for the General Purpose Fund (Fund 141) in the meeting materials lists year-to-date revenues of $22,048,735.51 and detailed receipts by line (current property tax, local option sales tax, investment income, TISA allocations, and other items). The revenue-section 'TOTAL Fund: 141' line in the materials shows a budget figure of $108,288,355.09 and year-to-date realized revenues of $22,048,735.51.
The Federal Projects Fund (Fund 142) revenue table shows a budget total of $6,507,516.00 with year-to-date revenues of $1,263,496.56, including ESSER 3.0 and other federal program lines. The School Nutrition Fund (Fund 143) statements list a fund budget of $4,054,390.00 and itemized school-level lunch and breakfast receipts and USDA reimbursements. Discretionary grants (Fund 145) and Education Capital Projects (Fund 177) statements were also presented with line-item totals.
The expenditures section of the packet provides current year-to-date expenditures, encumbrances and balances by program and department. Notably, the expenditures summary later lists a General Purpose Fund total budget figure of $110,928,355.09 on the expenditures pages; the packet therefore includes two different total-budget figures for the General Purpose Fund in separate sections. The board accepted the financial report as informational; no vote was required for acceptance.
Chairman David M. Cook II and Superintendent Dr. David Stephens were among officials who noted the report; the board took no separate fiscal actions at the meeting. The board's next regular meeting is scheduled for Nov. 21, 2024.
