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District finance report shows fund balance decline; PEP transfers and internal-audit findings reviewed
Summary
Leah Veil reported Oct. 2025 revenues of $8,583,000 and expenditures of $8,649,000 leaving a year-to-date net decrease of $3.2 million and an October fund balance of $15,376,000 (about $1.748 million below target); PEP deposits and transfers to capital projects were detailed and auditors reported eight findings in internal school funds.
Johnson City Schools’ finance director, Leah Veil, presented the financial report for the period ending Oct. 31, 2025, and auditors reviewed internal school funds activity for the fiscal year ended June 30, 2025.
Veil said revenues for the month totaled $8,583,000 and expenditures were $8,649,000, leaving a net decrease of $3,200,000 for the fiscal year to date. She reported an…
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