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White County board records budget amendments, staff says district remains in sound financial condition
Summary
The board reviewed October financials showing revenues at about 28% of budget and expenditures/encumbrances at 31%. Staff explained three budget amendments: a health services grant deposit, a $2,935.34 coding correction, and moving a $15,000 pre‑K literacy amount into the correct federal fund that will be reimbursed.
Board members reviewed the district’s October financial report and three budget amendments during the Nov. 6 meeting, approving the items as part of the consent agenda.
Mr. Markham reported that general purpose school fund revenues through October were approximately 28% of the annual budget and represented about a 3.49% increase over the same period last year, while expenditures and encumbrances totaled about 31% of the budget. He said the expenditure increase was driven by higher salary and benefit costs and increased costs for instructional supplies.
Staff described three budget amendments included in the packet: (1) deposit of new funds from a health services grant; (2) reclassification of $2,935.34 that had been miscoded and needed to move within fund 1.42 to the correct line; and (3) reclassifying a $15,000 pre‑K early literacy receipt to a federal account so federal reimbursements will follow actual expenditures. Board members asked whether new money must be approved by the county commission; staff confirmed that new funds are presented to the county commission for approval after board action.
The consent agenda — which included the October financial report, the three budget amendments and transfers, personnel items, and club and fundraiser approvals — was adopted by unanimous voice vote during the regular meeting.
Clarifying details from the meeting: general fund revenue through October ≈28% of budget; expenditures/encumbrances ≈31%; the coding correction was for $2,935.34; reclassification of pre‑K early literacy funds totaled $15,000; TISA revenues were slightly lower year‑over‑year.
