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Board adopts balanced $97.17M 2025–26 budget but cautions on enrollment, Title I and charter growth
Summary
The board approved a $97,174,888 budget for 2025–26 that balances current revenue and planned expenditures but administration warned of a $2.8 million estimated state funding reduction next year driven by a 450‑student drop, Title I funding uncertainty, and growing charter enrollment.
The Granville County Board of Education voted to approve the 2025–26 budget resolution after a detailed presentation from Chief Finance Officer Miss Hines.
Miss Hines said the total budget is $97,174,888, with roughly 56% from state funding and 22% from county appropriations. Federal grants and other restricted grants were described separately. She reported a current estimated fund balance of about $4.1 million (roughly 5.5% of operating funds) after set‑asides for consolidation costs and building relocations.
Hines and board members flagged several fiscal risks. The district lost roughly 450 students from last year’s enrollment, which Hines estimated would reduce state funding by about $2.8 million in the next fiscal year. She also said Title I allocations are at risk because direct‑certification numbers — the administrative input used to determine Title I shares — have dropped this year, and the district is working to collect federal certification forms from families before spring reporting. Charter school growth (an estimated ~65 students more this year) further affects local funding allocations that follow the student.
On personnel and program spending, Hines said about 68% of the budget is dedicated to salaries and benefits and 21% to operating costs. The district plans to protect instructional services where possible but warned that continued enrollment declines and potential state funding changes could require difficult decisions.
Board members thanked the finance team and auditors for the work; an external audit will present official findings in December. The budget resolution passed by board vote at the meeting.
