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Nashville School District transfers $1.61 million to building fund; superintendent flags salary options
NASHVILLE SCHOOL DISTRICT Board · July 15, 2024
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Summary
Board approved transferring $1,609,217.21 from the operating fund to the building fund to comply with a 20% carryover limit; Superintendent Graham said a portion could be redirected toward salary-schedule adjustments or one‑time bonuses after further review.
The Nashville School District board unanimously approved moving $1,609,217.21 from Fund 02/2001 (operating) to the building fund to address a statutory limit on carryover balances.
Superintendent Graham explained the law allows districts to carry over only 20% of gross revenue and that the district’s June 30 balance…
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