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Finance director reports district 17% through fiscal year; capital and debt fund balances presented
Summary
The district reported being about 17% through the fiscal year for the general fund, attributed slower timing due to state-prescribed accruals, and presented capital and debt fund balance figures for August 2025.
A district finance official told the Catoosa County School Board the general fund was roughly 17% through the fiscal year as of August 2025 and noted that state-prescribed accruals for July and August were higher this year than last, which affects year-to-date comparisons.
The official said expenditures were trending in line with expectations and that the fund balance would begin to recover in coming months as the timing of state and local funding aligns.
The statement included reported balances for other funds. For the capital projects fund the official read a figure the transcript records as "$8,000,001.99 $0.35" and for the debt service fund the transcript records "$1,000,004.61 $5.15." The spoken figures in the transcript include formatting anomalies; the finance official read totals for assets, revenues and expenditures for the August 2025 statements but the exact formatting in the record is unclear.
Why this matters: The general fund status and fund-balance figures are central to district budgeting and affect decisions on maintenance, capital projects and potential future spending.
The item was presented as an information report; no board action was taken at the meeting.
