Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the School Budget topic
No spam. Unsubscribe anytime.
Jackson-Madison County Board approves FY25 year-end budget amendments to close out fiscal year
Summary
The board approved multiple year-end budget amendments across general, special education, vocational, transportation and capital accounts, with staff saying the amendments will require a modest draw on fund balance pending final state revenue.
The Jackson-Madison County Board of Education approved a series of FY25 year-end budget amendments on April 30, 2025, intended to reconcile expenditures and revenues ahead of fiscal closeout.
Superintendent Dr. King introduced the amendments and said several adjustments reflected faster-than-expected state revenue tied to enrollment and student outcomes; he also advised the board that one anticipated state payment had not yet been submitted, and the district would temporarily use fund balance to complete the year-end closeout. Finance director Dr. Watkins then reviewed line-item amendments across multiple funds.
Dr. Watkins listed the larger amendments by program as presented to the board: a $941,900 amendment for regular instruction (fund 14100), $633,875 for the special education program, $41,182 for debt services closeout, $793,500 for vocational education, $54,350 for attendance, and multiple other line-item transfers and amendments across health services, technology, school-level office budgets and transportation. She identified a $45,000 allocation to complete a previously planned roof project at Northside High School and noted that the district would use approximately $600,000 of fund balance while awaiting a state payment.
Board members on the budget committee praised the finance staff’s work in limiting the draw on fund balance and making transfers within pages where possible. One committee member said the district’s scale and complexity require an extended budgeting process and thanked administration for finding offsets to avoid larger draws on reserves.
A board member moved to approve the year-end amendments; the motion was seconded and approved by voice vote. No roll-call tally was recorded in the meeting minutes for this voice vote.
The amendments are intended to close FY25 accounts and set up FY26 planning; several items (for example, insurance recovery applied to capital outlay and the unresolved state payment) will be monitored as final revenues are posted.
