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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 of $3,353,559 and that property‑tax collections through May were 3% above the prior year.
Valley also reported that the state provided $1,341,000 for teacher bonuses in July, but that total bonuses paid to employees under the board's criteria cost $2,627,000; the district's net cost after the state allocation was $1,286,000, she said.
The board discussed local option sales tax activity and a recent Tri‑City event; Valley said sales‑tax receipts for the city were up 3.8% for the year while school deposits were up 1.5% (the early months include an adjustment related to Washington County). Board members asked for a future financial work session to review county and city funding mechanics and the PEP account.
During consent‑agenda discussion, a board member flagged a Liberty Bell Middle School check total of about $27,000 for middle‑school cheer, drawn from parent fees and fundraising. The board member asked staff to review whether fundraising levels might be pricing some families out of participation and to examine parity between middle schools. Valley confirmed the Liberty Bell amount was from parental fees and fundraising, not district general funds.
The board approved consent motions and accepted the finance report; members said they will schedule deeper financial briefings for new board members.
