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Board reviews ESPLOST-funded campus upgrades and considers ESPLOST VII resolution and line-of-credit
Summary
Catoosa County School Board heard an update on ESPLOST-funded projects including intercom upgrades, outdoor speakers, LED signage, HVAC replacements and fencing. The board packet included an ESPLOST VII resolution and a proposed FY26 line-of-credit (tax anticipation note); the tax-anticipation borrowing level was noted as lower than last year.
Board members received an update on ESPLOST-funded capital projects and were asked to consider the ESPLOST VII resolution and a fiscal year 2026 tax-anticipation/line-of-credit resolution. Director Christopher Lusk summarized ESPLOST-approved work across elementary and secondary campuses, and finance staff and board members discussed the proposed line of credit and tax-anticipation borrowing levels. Director Christopher Lusk reported that several schools received or will receive intercom upgrades (Battlefield Primary, Battlefield Elementary, Tiger Creek); outdoor speakers were installed at Heritage High, Ringgold High and Ringgold Middle; LED signs were installed or will be replaced at several campuses including Heritage Middle and Wood Station Elementary; HVAC units were replaced or installed at Child Nutrition, Graysville Elementary, Ringgold High and Ringgold Middle; and fence and concrete projects were completed or planned at multiple schools. Lusk noted that ESPLOST financing lets the district cover these projects without placing the entire cost on the local maintenance budget. The agenda included an "ESPLOST 7" resolution for board consideration and a fiscal-year 2026 line-of-credit (tax-anticipation) resolution. A finance presenter summarized July 2025 financials, reporting year-to-date general fund revenues of about $1.375 million and expenditures near $2.0 million for July, and a capital projects fund balance reported at about $8.8 million; the debt service account was at zero due to timing and a planned principal and interest payment in July. A board member observed that the tax-anticipation note was $1,000,000 less than this time last year; finance staff replied that the intent is to borrow as little as possible under the line of credit to minimize interest. The board packet listed the ESPLOST VII resolution and the FY26 line-of-credit resolution for review and later approval. The transcript records recommendations to approve the ESPLOST VII resolution and the FY26 line-of-credit resolution, but a formal roll-call vote was not captured in the provided transcript.
