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Lincoln County School Board adopts annual budget, approves several fund amendments
Summary
The Lincoln County School Board approved its annual budget and accepted multiple budget amendments to general and federal funds, following roll-call votes. Financial director Jason Nicks presented specific revisions including bus-repair insurance proceeds, surplus bus sales, and CTE funds.
The Lincoln County School Board on Wednesday approved the district's annual budget and accepted several fund amendments, unanimously voting to adopt changes to general, federal and program budgets.
Jason Nicks, Lincoln County Schools financial director, told the board the general-purpose school fund (fund 141) included revisions to reflect a Tennessee Risk Management insurance payment for bus repairs ($18,216.76), proceeds from the sale of surplus buses ($6,250), a LEAPS after-school program adjustment ($2,775.60) and an ISM CTE revision ($262,195.23). He also noted a payroll cleanup amount of $1,487,528 for that fund.
"First one I have is for $18,216.76 — amendment to reflect the receipt of a check from the Tennessee risk management for repairs of a bus," Nicks said when presenting the amendments.
The board also approved two federal-program budget revisions: a $348.10 adjustment to Perkins basic federal CTE programming and a $244.55 revision to the Access for All learning network in fund 142.
Board members moved and seconded the budget motion, and a roll-call vote recorded approval by the seven members present; the board noted one member was absent.
Nicks also presented April 2025 financial reports for funds 141, 142, 143, 146 and 177. The board voted to accept those reports.
Why it matters: The amendments adjust spending authority and reflect one-time receipts and program changes that affect school operations and CTE programming for the coming year. Several line-item changes are intended to align budgeted authority with recent receipts and transactions.
Board action and next steps: With the board vote, the amended amounts become part of the official budget for fiscal monitoring. Nicks and central-office staff will continue to present monthly financial reports and manage procurement consistent with the revised line items.
