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Finance report shows rainy‑day balance rise; board approves 4% classified wage increase
Summary
Finance staff reported May 31, 2025 fund balances and explained a prior-year reclassification; trustees authorized a three-wave wage plan with an initial 4% increase for classified staff and asked for follow-up budget details.
At the Franklin County Community School Corporation board meeting on June 9, finance staff reported the district’s fund balances and trustees approved a staged plan of wage increases that begins with a 4% raise for classified staff.
Finance presentation: the district’s reported balances as of May 31, 2025 included an education fund balance of $6,803,524.69, an operations fund balance of $2,793,816.93 and a rainy-day fund balance of $4,164,641.37. The finance presenter explained that a prior-year reclassification moved approximately $3.5 million between operations and rainy-day accounts…
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