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Finance director reports FY25 closeout and requests carryforward for tutoring and construction funds
Summary
Mr. Trump reported FY25 expenditures/revenues at 95.44% and requested carryforward of remaining all-in funds (~$192,132) and state construction funds ($1,197,469.50) to support tutoring and upcoming projects; the board approved the requests and a budget resolution.
Mr. Trump presented the final FY25 finance reports and July FY26 updates, saying that FY25 expenditures and revenues stand at 95.44% as the division reconciles summer invoices and textbook inventory. He told the board that some revenues and reimbursements post in August and that certain expenditures (payroll, utilities, textbook invoicing) will be reconciled to FY25 when county transfers are processed.
Mr. Trump requested approval to carry forward remaining all-in funds to continue tutoring services at elementary and middle schools and to carry forward state construction funds for future projects. He reported remaining balances in the transcript as approximately $192,132 (all-in funds) and $1,197,469.50 (state construction funds). The board moved, seconded and approved the carryforward appropriations and a budget resolution intended to align county and school financial processes for FY25 closeout.
Board discussion noted prior years' carryforward context and emphasized efficient use of tutoring funds. The motions passed with board approval recorded in the meeting.
