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Ferguson-Florissant Ends 2010-11 in the Black

Chief financial officer informs board of financial results from the last fiscal year.

While the begins to contemplate its financial future, the Board of Education received good news regarding its 2010-11 fiscal year.

During Wednesday’s board meeting, Chief Financial Officer Mick Willis presented the financial results of the 2010-11 fiscal year and showed that the district ended with a small surplus for the first time in the past two school years as revenues exceeded expenses.

Willis showed that the district’s projected revenue and costs came close to the actual figures.

Willis said that the district started the fiscal year at $25.5 million in reserves and ended at $26.4 million. The district projected the reserves to end at $26 million.

The expenditures of the district came close to approximately $140 million, which include a bond issue, Willis said. 

The financial report came as the district prepares to send the results to the Missouri Department of Elementary and Secondary Education by the Aug. 15 deadline.

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