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CMCSS presents June budget amendments; $39.56 million earmarked for Freedom Elementary construction
Summary
Jeff Taylor presented year‑end budget amendments and reconciliations, reporting a $7.3 million revenue increase and multiple expenditure adjustments; the board was told $39,562,029 in county contributions will be appropriated for Freedom Elementary construction.
Jeff Taylor, a CMCSS staff member, presented the board with the first reading of the fiscal year 2025 June budget amendments, a routine year‑end resolution that adjusts revenue and expenditure estimates across funds and appropriates county contributions for the Freedom Elementary capital project.
Taylor said the district projects an additional $7,300,000 in available funds from several sources, driven largely by a TISA funding reconciliation of about $4,435,000 and roughly $1.95 million in local revenue increases. On expenditures, Taylor reported payroll reconciliations, benefit projections and transfers that raise total expenditures by approximately $2,567,472 and leave an adjusted ending fund balance increase of $4,736,691 in the general fund.
Key amounts cited by Taylor included: - Total additional available funds: $7,300,000; - TISA funding reconciliation: $4,435,000 (approx.); - Anticipated increases in local option sales tax, business tax and mixed drink taxes (specific line items noted in packet); - Interfund transfer of $1,000,000 from the general fund to the extended school fund; - County contribution appropriated for Freedom Elementary: $39,562,029.
Taylor walked the board through line‑item adjustments across instruction, special education (including ESY/summer learning costs), technology, transportation and food services. He said some federal E‑rate funding was removed and that various operating transfers and insurance reimbursements were reflected in the amendments.
Board discussion and questions
Board member Nelson asked whether rising materials prices would affect Freedom Elementary construction bids; Taylor replied the district has already received the bid and said "those prices should be locked in." No additional budget vote was taken at the meeting; Taylor presented the amendment as a first reading for board review.
Next steps
The amendment will return for required readings and votes as part of the district’s year‑end budget process. The appropriation for Freedom Elementary was presented as tied to county contributions and construction planning underway.
