District finance staff presented the fiscal year 2025 closeout to the Coffee County Board of Education on Sept. 25, saying the district began FY25 with $29,653,557.59 in fund equity and ended the year with $32,625,534 after $94,454,014.57 in revenues and $91,461,028.84 in expenditures. "This is the close out of our fiscal year '25," the presenter said.
Why it matters: The year-end fund equity figure indicates the district closed FY25 in surplus. Board members discussed near-term capital needs — school buses and facility resurfacing — and the fiscal and supply risks tied to ordering vehicles.
Finance staff also summarized monthly activity for the new fiscal year: July revenue of $1,708,055.24 and expenditures of $2,368,046.53; August revenue of $3,818,092.83 and expenditures of $6,251,409.71, with an August fund equity figure presented as $30,192,217.12. Staff noted the district's revenues were above budget in local, state and federal categories, and that hurricane-related expenditures were offset by related revenues.
On transportation, staff asked the board to approve ordering three gasoline buses — two 83–84 passenger buses and one special-needs bus — using state contract pricing and a combination of state funding and local "plus" funds to cover amounts the state will not pay. Staff cautioned about a supply-chain risk: they said some systems that ordered buses two years ago did not receive the vehicles and that in those cases the state declined to provide funds, creating a loss for the local system.
Facility requests included an RFP and recommendation to repave the transportation and maintenance parking areas to eliminate an eroded ditch that creates a safety hazard, and a planned resurfacing of the high school track. Staff said the rubberized track surfacing installed about six years ago had reached its life expectancy and that resurfacing would extend usable life by about five to six years.
Board members placed the bus purchase and maintenance projects on the consent agenda for approval unless there were objections. No formal roll-call votes were recorded in the transcript for those consent‑agenda items during the work session.
Clarifying details and transcription note: the presenter read several monthly figures aloud; one July fund-equity figure in the transcript appears to be a transcription error (an implausibly large dollar string) and was not reported here. Board staff should be consulted for the official accounting ledger if precise monthly-tracking figures are needed.
Next steps: staff said they will proceed with ordering under the state contract and with the RFP recommendations if the consent agenda moves forward at the board's next action meeting.