Supervisors Approve $159 Million Carryover in Schools Budget
The money was committed to the school system in the 2012 fiscal year budget, and it will now carry over into 2013.
The Prince William Board of County Supervisors on Tuesday unanimously approved a $159,667,244 carryover in the school system's budget.
The Board had originally budgeted the money to Prince William County Schools in the previous year. Effectively, the school system's 2012 fiscal year budget is retroactively reduced and the 2013 budget is increased.
Of that money, the school board has already committed over $101 million to various contracts, including food service, health insurance, operating costs and other funds.
The remaining money—over $58 million—is technically not committed, but will go to the operating and construction funds.
"Again, this is something that we do on an annual basis. The numbers are in line with what you've seen in past years. They're very similar," Steven Walts, superintendent for Prince William County Schools, told the Board.
For more information about the carryover, click on the PDF file to the right.