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Shelby County Schools proposes $66.43 million amendment to FY26 budget; board to assign fund balance for textbooks, devices and deferred maintenance
Summary
Superintendent and finance staff presented a fiscal year 2026 budget amendment increasing all-funds spending by $66.43 million and proposed assignments from the district's unassigned general fund balance to cover textbook adoption, device purchases, deferred maintenance and carryover allocations. Board members asked for more detail on allocations,
The Shelby County Board of Education heard a recommendation to amend the fiscal year 2026 all-funds budget by $66,430,309, increasing the total from $1,952,112,514 to $2,018,542,823, Superintendent Dr. Richmond told the board.
The amendment would increase the general fund by $72,714,462, Dr. Richmond said, noting roughly $66.4 million of that amount is tied to the district's general fund balance. "This board this budget amendment authorizes a net increase to our all funds budget by $66,430,309," Dr. Richmond said.
A separate board action would assign portions of unassigned fund balance to specific one-time needs, finance staff said. Mr. Langston explained the purpose and limits for fund balance, saying, "Your budget is your checking account. Your fund balance is your savings account.…
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