Atlanta school system reports better than expected finances

Atlanta’s public school system concluded its fiscal year in better financial health than previously feared, Chief Financial Officer Chuck Burbridge reported to the school board Monday.

The school district had $83.7 million in reserves when the 2013 fiscal year ended June 30, and it expects to spend $25.3 million of those reserves this year to help balance the budget, leaving a $58.4 million fund balance.

Burbridge said Atlanta Public Schools received more revenue than expected from property taxes, car taxes and the federal E-Rate program.