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Finance report: district posts $1.58 million operating gain; board members flag large middle‑school fundraising
Summary
Finance director Leah Valley reported year‑to‑date revenues of $89.01 million and expenses of $87.43 million (a $1.582 million net gain); board members raised questions about a $27,000 Liberty Bell middle‑school cheer fundraiser paid by parents or fundraisers.
Johnson City Schools' finance director presented the district's year‑to‑date financials and detailed recent transactions including state bonus funds and local sales‑tax activity.
Leah Valley told the board that through May the district recorded $89,010,000 in revenues and $87,428,000 in expenses, producing a net gain of $1,582,000. Fund balance at the end of May was $19,711,000. Valley said the district received a TISA growth payment…
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