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Board approves three budget amendments including $700,000 for Sugarloaf project
Summary
The board unanimously approved budget amendments 11–13, covering state noncontributory employee benefits, a $33,000 transfer to charter schools (with a projected $80,000 year-end transfer), and a $700,000 addition from the half‑cent sales tax fund to complete the Sugarloaf capital project.
At the May 2025 meeting, the Alexander County Board of Education unanimously approved three budget amendments presented by Chief Financial Officer Sharon Mahaffey.
Amendment 11 adds state funding for PRC noncontributory employee benefits, which Mahaffey described as state‑guaranteed payouts such as annual leave and longevity that are typically settled at year‑end. Amendment 12 transfers $33,000 from local supplements to charter schools to satisfy the state requirement that local appropriations be shared on a per‑pupil basis; Mahaffey said the district now projects about $80,000 will be transferred by year end because of higher charter enrollment. Amendment 13 moves $700,000 from the half‑cent sales tax fund into the capital outlay budget to complete the Sugarloaf project.
“Transfers to charter schools are required by law to give them their per‑pupil share of the county appropriation,” Mahaffey told the board during the presentation. She said the transfers reflect actual enrollment choices by families and the district’s obligation to reconcile local funding with those choices.
Board members voted to approve the three amendments in a single motion. The motion was offered by Board Member Oxentine and seconded by Vice Chairman Degenhardt; the board recorded unanimous approval by voice vote.
The amendments will be incorporated into the district’s operating budget; Mahaffey indicated the Sugarloaf funds are needed to finish the capital project and that the employee benefits line is a standard year‑end state allocation. Board members did not propose amendments to the items during the discussion.
The board’s fiscal actions followed the CFO’s report on broader fiscal pressures facing the district’s child nutrition program and the district’s plans to monitor fund balances through the remainder of the fiscal year.
