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Board approves Budget Amendment No. 4, reallocating funds for facilities, maintenance and playgrounds
Summary
Kingsport City Schools approved Budget Amendment No. 4 on March 11, moving internal funds and appropriating $1,074,400 from the unreserved fund balance for maintenance and facility projects.
The Kingsport City Schools Board of Education on March 11 approved Budget Amendment No. 4, a multi-part amendment that moves internal budget balances and an appropriation from the district’s unreserved fund balance to cover technology transfers, playground equipment, unplanned maintenance costs and four capital projects.
District staff summarized four sets of changes in the general purpose fund: a $75,000 transfer from instruction to support services (including $50,000 to increase maintenance/awards and dues for cybersecurity and $25,000 for other supplies); an increase in estimated revenue and appropriation for $22,804 in PTA donations to pay for Jefferson playground equipment replacements; a…
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