Board approves unaudited 2024–25 financial report and supplemental pay scale

Leah Valley presented the Johnson City Schools unaudited financial report for the year ended June 30, 2025, reporting total revenues of $101,801,000 and total expenditures of $101,603,000, which produced a net gain to fund balance of $198,000.

Valley told the board that local option sales tax revenues were 5.7% above budget and current property tax collections were 5.6% above budget; total revenues for the year were 2.5% above budget. She said salaries and benefits came in under budget, and outstanding purchase orders were the principal reason for underspending. Valley added that figures from the state's hybrid stabilization trust account will add an additional $386,000 to fund balance, bringing the reported year-end fund balance to $18,714,000.

A board member moved to approve the unaudited financial report; the motion was seconded and carried. Valley also provided a sales tax update showing July deposits of $294,000 for the city and $177,000 for the schools and noted a PAP account balance of $9,172,000.

On an administrative payroll matter, Valley presented a revised supplemental pay scale recommended by the athletic committee; the board voted to adopt the pay scale. The board also approved the consent agenda (excluding a piano fundraiser that had an alternate funding source) and accepted several policies on first and final reading because of stated state law urgency.

Valley said fund balance budgeted for FY 2026 is just under $3.8 million and that $2,000,000 of that would bring the district just below its target fund balance. She said most textbook funds and other routine items will remain in fund balance pending budget amendment early in the fiscal year.