Coffee County schools report $35.63 million fund equity through February; board hears resilience estimate
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Summary
Finance staff reported the school system’s fiscal-year-to-date figures through February, and board members asked how many months the district could operate on fund balance alone (answer: about 3–4 months).
Miss Bradford presented the Coffee County Schools’ financial summary for the fiscal year through Feb. 28 during the board’s March 20 work session.
“The beginning fund balance for the fiscal year was $29,653,557.59,” Miss Bradford said. She reported total revenues of $55,798,282.42 and total expenditures of $49,799,858.01, leaving fund equity at $35,630,972.68 as of the February report.
Board members asked hypotheticals about state and federal funding. When asked how long the district could operate if state and federal funding stopped immediately, a board member was told “3 to 4 months” of operating capacity on current fund balances.
Bradford also reviewed expenditures by category and noted open encumbrances and planned use of specific funds for remaining facility projects. The board did not take a final spending vote during the work session; Bradford’s report was presented for placement on the regular meeting’s consent agenda.
Ending: The finance summary will be placed on the regular meeting consent agenda for approval and is available for review in district financial reports.
