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Rutherford County School Board adopts FY budget and approves multiple fund amendments including $5.56 million summer-camp grant
Summary
The board approved the FY revenue and expenditure budgets for core operating, cafeteria and capital funds and accepted a $5,556,938 state summer camp grant to be added to Fund 141, among other fund amendments.
The Rutherford County School Board on Thursday approved the district’s fiscal-year budgets for major funds and enacted several fund-balance amendments, including recognizing a $5,556,938 summer camp grant the district received from the state.
The action fulfilled a statutory requirement to adopt a budget for Fund 141, the district’s general-purpose fund. The board approved Fund 141 with revenue of $573,385,825 and expenditures of $581,343,045 as presented in the board materials. Members also approved the centralized cafeteria fund (Fund 143) with revenue of $26,844,250 and expenditures of $33,503,092, noting that the cafeteria fund is self-funded (USDA reimbursements and meal payments) and must draw down its fund balance for allowable operations. The board adopted Fund 177 (capital projects) with revenue and expenditures both shown as $19,344,516; staff noted additional county contributions were added for LED lighting projects.
Board members also approved a fund-balance amendment to move charter school transfer payments totaling $3,367,842 to the appropriate contract line per the Tennessee Comptroller’s Office and to add $500,000 to cover additional charter transfer costs; staff said the increase is funded by additional TISA direct funding the district receives from the state.
Separately, the board approved an increase to Fund 141 revenues and expenditures to recognize an awarded summer learning remediation grant of $5,556,938 for fiscal year 24–25. Staff explained the grant stems from the Tennessee Learning Loss Remediation and Student Acceleration Act, which established summer learning camps and related programs after COVID-19 school closures; the grant requires no local match and may cover personnel and transportation costs.
Board members emphasized that the budget was the product of prior workshops and a retreat. "It's a lot more in-depth, so we're not just rushing through this," one member said. The motions to adopt the funds passed by voice vote.
Staff said the capital projects fund will be closely monitored and that any material changes will return to the board for review.
