Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
District reports $32.6 million ending fund equity for FY25; board hears requests to order buses and resurface facilities
Summary
At a Sept. 25 work session, staff presented the fiscal year 2025 closeout showing $32,625,534 ending fund equity, described monthly July and August activity, and asked the board to approve ordering three gasoline buses and to authorize repaving and track resurfacing RFPs and recommendations.
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…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
