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Hickman County schools report $25.06 million TISA allocation, approve multiple budget amendments
Summary
The school board received a finance update that included a $25,055,571.60 TISA allocation for FY 2026, a roughly $158,000 state reimbursement, a projected year‑end fund balance shortfall of about $1.676 million and approval of several budget amendments and closeout adjustments.
The Hickman County Board of Education heard a finance update July 7 that included the district's final TISA allocation for fiscal 2026 and a series of budget amendments designed to close out the year and start the new fiscal year.
Director of Finance Evans told the board the district's final TISA allocation for FY 2026 is $25,055,571.60 and that the district received a reimbursement from the state tied to prior capital costs of about $158,000. Evans also said the U.S. Department of Education has required a comprehensive review of the district's Title II and Title IV programs; the state paused budgeting and spending on those grants until the review is complete, which the finance staff said could affect available grant spending next year.
Evans presented a year‑end projection that showed an estimated reduction to the district's fund balance of about $1,676,000 once all accruals and final revenues are posted. He described that figure as an estimate that could move up or down as staff complete closeout work and reconcile last‑month sales tax and other revenues.
The board approved several budget amendments on staff recommendation. Those actions included: (1) initial FY25–26 amendments to budget carryover for capital projects and a kitchen refurbishment, (2) movement of previously budgeted ISM revenues into tracking codes, (3) adjustments tied to Perkins CTE reimbursements and food‑service maintenance, and (4) personnel and benefits cleanup items to align projected expenditures with actuals. The motions were presented as technical closeout and tracking changes rather than the creation of new recurring programs.
Evans said some of the amendments are temporary placements so staff can complete capital project work and then reallocate if full expenditures are not incurred. He also flagged that carryover and grant uncertainty will require staff monitoring once the federal review of Title programs finishes.
Board members asked staff to continue to present clear line‑item detail before any new, recurring positions are added. Evans and Mullins said additional budget amendments or a special meeting could be required if the board later decides to add staff positions that carry new recurring salaries.
Votes at a glance: the board approved the budget amendments and the closeout items on July 7 by roll call vote.
