Leeds BOE records ‘biggest’ growth of local revenue

LEEDS, Ala. ( TRIBUNE ) – The Leeds Board of Education received a financial report during its brief meeting on Friday, Nov. 15, which noted that the district's local revenue has grown.

According to Nathan Prewett of The Trussville Tribune , Chief Financial Officer Ryan Miller delivered the report for September, which is the last month of the fiscal year. He expressed a positive opinion as he reported the district's local revenue.

"We finished 20.67% from this time last year," he said. "The biggest I've ever seen this happen as far as local revenue growth."

He credited a new system being used in calculating the revenues and providing more accurate numbers.

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Accounts payable were $965,143 and gross payroll expenditures were $1,373,146 during September. The month was ended with an excess of revenues over expenditures in the general fund of $5,675,161, which he said was "reasonable" due to the amount of construction funds at the fiscal year's end.

The year was ended with an unreserved fund balance was $10,604,203. Miller said that this was the largest he had seen as well.

Additionally, the board voted unanimously to acquire an acre of vacant land next to the Leeds High School for $75,000. Superintendent John Moore said that there were no plans for its specific use as of yet but that it may become parking space or serve other functions in the future.

The next meeting will be held on Dec. 10 at 10 a.m. at the Leeds Board of Education Building located on 1517 Hurst Avenue.

Nathan Prewett can be reached at .