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Wellston board approves supplemental appropriations; budget report shows high encumbrance rate
Summary
The board approved supplemental appropriations for FY25 and reviewed district financial reports showing a $5.16 million budget with 98.67% encumbrance. Revenue/expenditure summaries and encumbrance registers were discussed.
The Wellston Board of Education approved supplemental appropriations for fiscal year 2025 and reviewed detailed budget and fund reports at its May 8 meeting.
Board members voted 5–0 to approve supplemental appropriations for FY25 after a motion by Brock Terrell, seconded by Tyler Barnes. In the meeting packet the district’s budget analysis shows a 2024–2025 General Fund appropriation of $5,161,092.03 with paid expenditures of $3,937,680.07 and an encumbered/remaining balance indicating 98.67% usage of the appropriation. The revenue/expenditure summary lists fund totals and activity across student activity and grant accounts; the report total for several activity funds shows cash totals and encumbrances.
Board discussion focused on routine finance items and preparing for upcoming bond-funded capital projects; the business office will continue to manage encumbrances and report back as bids and contracts for capital projects are developed.
