By JIM BUTLER

The School Board’s estimate of General Fund revenue is on the money through the first eight months of its fiscal year.

CFO Elizabeth Dolmite’s budget report at Tuesday’s special board meeting showed General Fund income at $159.7 million through February 28.

That’s about 64 percent of the $248.3 budget through 66 percent of the fiscal year.

Expenses totaled $133.2 million (53%) of a projected annual total of $249 million.

Seasonal receipt of revenue influences the seeming imbalance between revenue and expense.

About 57 percent ($140 million) of the expected General Fund total is from state public school allocations.  Property and sales taxes will account for about $40 million.

Payroll and associated payroll expenses are by far the largest portion of General Fund spending.

The Food Service Fund had received about $12 million of its $20.1 million budget, with expenses at $10.7 million of $21.4 million projected.