The Mathews County School Board closed the financial books on the 2019-2020 school year during a special end-of-year meeting Tuesday morning in the Mathews High School media center.
Superintendent of Schools Nancy Welch reviewed the expenditures and revenues for the budget year that ended on June 30. Out of a budget of more than $15.5 million, there is only $109,765.89 that expected to remain as leeway for auditing purposes.
“That’s our wiggle room,” Welch said, “and that is very, very tight.”
As of June 27, the school division paid out $14,235,808.34 with estimated accruals in July and August of $1,282,847.80 for expenses incurred during the current year. Once all the bills have been paid, any money left in the FY 2019-2020 budget reverts to the county.
School board member Jeanice Sadler suggested that supervisors be asked for some or all of the approximately $100,000 remaining to be used for additional athletic department funds, once the fiscal year’s accounts are settle...
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