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Finance staff reports stable revenues; new infrastructure fee generated $871,000 in first month
Summary
District finance staff told the board that collections are slightly above projections for the fiscal year, sales tax is trending up, and the new infrastructure (impact) fee dedicated to school capital produced $871,000 in its first month and will be tracked in a new fund (121).
Maury County school finance staff briefed the board on monthly financials, reporting that property‑tax and sales‑tax revenues have met or exceeded this year’s projections and that the district’s fund balance should be updated after audit numbers are finalized next month.
Staff noted the new school infrastructure/impact fee (replacing the prior adequate‑facilities tax) started collecting in November and produced $871,000 in its first month. The finance presenter explained the…
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