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Commissioners approve revised FY25 Board of Education operating budget after year-end adjustments
Summary
Following a presentation by Board of Education representatives, the county approved revisions to the FY25 operating budget: state pre-K payments came in about $580,000 lower, interest income was $684,000 higher, restricted revenue was about $1.6 million below budget and capital outlay exceeded budget by roughly $1.8 million; the net result left revenues exceeding expenditures by about $1.2 million.
Commissioners voted on Dec. 2 to approve a revised FY25 operating budget for the Board of Education after staff and Board of Education representatives reviewed year-end adjustments and audit-related categorical changes.
Dr. Simmons introduced Board of Education presenters and said Miss Eggnut would walk the board through the closeout figures. "The first one is the revenues from the state of Maryland were $580,000 less than we expected," Eggnut said, explaining that the state redirected payments for private pre-K providers and paid them directly rather than routing the funds through the county. She added that other sources, chiefly interest income, came in about $684,000 higher than anticipated and that restricted revenues tied to grants ended up about $1.6 million below budget because restricted revenues must equal restricted expenditures.
On the expenditure side, Eggnut said the largest overages were roughly $415,000 for operation of plant (higher utility costs), $74,000 for maintenance of plant (repairs), $183,000 for fixed charges (including an OPEB contribution), and about $1.8 million in capital outlay driven by consultant costs for a locker-room project, year-end purchases and paying off a sport services center lease. Despite those overages, Eggnut reported overall revenues still exceeded expenditures by approximately $1.2 million.
Commissioners asked routine questions about salary and instructional-cost variances, the mechanics of unfilled positions and year-end adjustments; presenters explained typical budget cushions and how positions that remain unfilled affect year-end totals. After questions, Commissioner Porter moved to approve the revised operating budget, a motion that received a second and was approved by voice vote.
The board directed staff to incorporate the adjustments into audit workpapers and file the revised budget as required; no additional action was taken at this meeting beyond approval.
Next steps: staff will include the approved figures in the audit and finalize required year-end reporting.
