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District reports fiscal-year gains; board reviews bus purchases, paving and track resurfacing
Summary
Administrators reported FY25 revenues above budget and an increased fund equity; the board reviewed requests to order buses (state contract), repave the transportation parking lot and resurface the high school track to extend its service life.
Unidentified finance staff reported that Coffee County began fiscal 2025 with a fund equity of $29,653,557.59, posted total revenues of $94,454,014.57 and total expenditures of $91,461,028.84, producing an ending fund equity near $32.6 million.
The presenter said district revenues exceeded what had been budgeted, with growth in local revenue, state funding and federal grants (including Medicaid). Monthly details for July and August were reviewed: July revenues were about $1.71 million and expenditures roughly $2.37 million; August revenues were about $3.82 million and expenditures about $6.25 million, leaving an August ending fund equity of approximately $30.19 million.
On capital and operations, administration asked the board to approve placing bus orders under a state contract. The agenda lists large passenger buses and a special-needs bus; administrators said state funds would cover part of the purchase and local funds would cover the remainder. Board members emphasized the importance of ordering now after reports that other systems lost state funding when manufacturers failed to deliver earlier orders.
The board also reviewed an RFP recommendation to repave the transportation and maintenance parking lots to eliminate a hazardous ditch in the lot and increase usable parking. One vendor was cited by bid code as the recommended vendor.
Finally, the district presented a request to resurface the high school’s rubberized track. Administration said the surface had reached its expected useful life after about six years and that spray-coating and relining would be the most economical option to extend service by another five to six years; members cited greater participation in track and cross-country in recent seasons as support for the work.
No final vote on these procurement items was recorded in the public work session; administrators asked to place appropriate items on the consent agenda or bring back details for approval.
