Carter County schools move $2.86 million in budget amendments tied to FEMA, insurance and repairs

Carter County school officials reported adjustments totaling $2,864,549.54 to district accounts to pay for emergency repairs, consultant and adjuster fees, temporary relocation costs and project management, and said the district expects much of the spending to be reimbursed by FEMA or state sources.

The amendments move money from fund balance into specific purchase orders and expense accounts so vendors and contractors can be paid as work proceeds. "So what'll happen is this amendment, of course, is moving it from fund balance into these accounts to pay this whenever we know we're not gonna pay them anything, I'll close those POs. That money will then roll back into your fund balance, okay, at the end of the fiscal year for next year because we'll be carrying it over," a staff member said during the meeting.

Officials said FEMA reimbursement rates vary by item: some costs are reimbursed at 100%, others at 90% or 75%. The presenter said…