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Board reviews fiscal-year results, federal grant carryover and McKinney-Vento award
Summary
The board heard the annual budget report showing a $457,963 net deficit in the general purpose school fund (including encumbrances) and discussed federal carryover for 21st Century programs and a McKinney-Vento award to support homeless students; consent adoption covered the budget amendments and related items.
The White County Board of Education received the district’s fiscal year report showing the general purpose school fund’s expenditures and encumbrances outpaced revenues by $457,963 when accounting for planned encumbrances as of June 30.
During the budget presentation, Mr. Smith, the district’s budget presenter, reported that $40,762,048 in expenditures and encumbrances were shown in the general purpose school fund and that $3,000,111.876097 (7.63%) represented planned purchases or encumbrances not yet made as of June 30; the report identified the Dole Elementary School addition as a main driver of the large encumbrance balance. “This number will decrease significantly in 2026 as…
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