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Muhlenberg County school board flags TVA-related revenue risk while approving bills and a bank collateral pledge
Summary
At the Muhlenberg County Board of Education meeting, officials reviewed a $64 million working budget, warned that uncertain TVA-related receipts could cut roughly 10% from district revenue, approved payment of $1.66 million in bills and a pledge-of-collateral with Farmers Bank & Trust.
The Muhlenberg County Board of Education reviewed a working fiscal plan for 2024–25 and a slate of payments and banking arrangements at its meeting. Officials reported a roughly $64 million general fund and described holding cash that has boosted interest revenue, but they warned of a substantial budget risk tied to changing payments related to TVA assets.
Finance presenter Speaker 7 gave the district—s financial snapshot, listing a $1,280,000 beginning balance and monthly receipts, then detailed major August invoices including a roofing payment to Tremco of about $934,984 and other vendor bills. The board voted to approve payment of bills and…
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