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Board hears May financial report showing $34.5 million ending fund balance; grants adjusted in budget
Summary
Miss Bradford presented May financials: an ending fund balance of $34,542,474.88, revenues through May of $79,115,852.18, and expenditures of $77,163,686.98, noting Department of Education grants and a state supplement processed in May affected year‑over‑year comparisons.
Miss Bradford presented the district financial report through May, saying the ending fund balance was $34,542,474.88, total revenues through May were $79,115,852.18 and total expenditures were $77,163,686.98. She told the board that the May accounting included a state supplement and adjustments to budgets to reflect grants awarded through the U.S. Department of Education.
Bradford explained the department processed a one‑time state supplement in May that affects comparisons with prior years. She also noted adjustments to budget lines where new grant revenues were recorded and corresponding expenditures were updated.
The Chair asked that certain transfers and disclosures — including the state poverty funding and the state bus fund — be clearly documented in the minutes to satisfy guidance received from the State Department of Audits. The transcript records the Chair asking the board to review the FY '27 budget but does not record a formal vote on those FY '27 items in this meeting.
The board had no additional motions recorded on the financials in the transcript; the minutes and any formal approvals would appear in the official meeting record.
