LEE COUNTY — The Lee County Board of Education learned Monday that the school system’s finances remain on track, aided by stronger-than-expected local sales tax collections.
Chief Financial Officer Ken Roberts told board members the system is performing better than anticipated when last year’s budget was adopted.
“Our projected ending fund balance is $3 million higher than we projected last August,” Roberts said. “We know it’s going to be somewhat higher. Some of that is state funding, and some of it is because we collected more sales tax. Our sales tax collections exceeded expectations last year, creating a larger fund balance at the end of this year.”…