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Board reviews FY26 state allocation, closes FY25 books and approves multiple budget amendments
Summary
Hickman County Schools received a final TISA funding estimate for FY26, closed FY25 with a fund-balance report, and the board approved several budget amendments including a $50,000 Perkins reserve and state bonus budgeting.
Hickman County Schools staff told the Board of Education on Aug. 4 that the final state funding estimate for fiscal year 2026 shows the TISA base at $7,295 per student and the district—inal state-and-local funding estimate at $25,038,237.05.
Business Officer Mr. Elkins walked the board through the TISA pages, explaining the base amount, the ADM weightings (economically disadvantaged, concentrated poverty, small/sparse, and English-language weights) and separate direct-related funding lines that do not form part of the TISA base. He emphasized that the $7,295 figure is a combined state-and-local base and not the state-only contribution.
Elkins also reported the closeout of FY25. "We did hit fund balance at an amount of $1,275,972.34," he said, noting that the original budget projection had been about $2,524,000 and that the final closeout came in roughly $100,000 below an early estimate.
On federal funds, staff said the state released Title II and Title IV allocations to the state on July 25; staff are waiting final district allocations but noted prior-year amounts of about $164,000 for Title II and $73,000 for Title IV, roughly a $238,000 combined figure last year.
The board considered and approved a group of budget amendments (3 through 9): a $50,000 Perkins reserve for CTE, an ATSI grant adjustment to salary coding, general-fund internal reallocation for cost-center tracking, carryover grants including opioid and school mental health funds, capital-project adjustments related to sinking costs for paving and flooring, budgeting a state-approved teacher bonus for eligible staff, and moving dollars to support the proposed psychologist position. Elkins and other staff explained the nature and source of the adjustments and confirmed that some items simply re-code previously approved dollars.
Ending: The board approved the budget amendments by roll-call vote and closed the FY25 books with staff remarking that audit adjustments remain possible.
