Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget And Finance topic
No spam. Unsubscribe anytime.
Rockcastle County Board approves 2024–25 working budget; SEEK and 'on behalf' payments drive revenues
Summary
The Rockcastle County Board of Education approved the 2024–25 working budget after a finance presentation showing total revenues above $35 million, including roughly $25 million from SEEK state funding and about $9.2 million in state 'on behalf' payments; the budget includes a $4.3 million contingency and a building fund increase related to planned construction.
The Rockcastle County Board of Education voted to approve the 2024–25 working budget following a detailed presentation from the district finance coordinator (Jenny).
Jenny told the board the district’s total revenues for the budget year exceed $35,000,000, with state SEEK funding accounting for approximately $25,000,000 and roughly $9,200,000 in state "on behalf" payments (state-paid health and life insurance reflected in district reporting). She said projected expenditures match revenues and that the district is maintaining a contingency of $4,300,000.
Key figures and context: Jenny reported an instructional budget of $18,271,382.12, plant operations of about $2,800,000, transportation spending of roughly $2,500,000 and a building fund increase of about $3.5 million planned for 2025 tied to an upcoming construction project. The finance presentation noted the district operates with local, state and federal revenue sources, that ESSER federal funding levels are ending and that the district currently tracks about 140 active grants and projects.
A board member moved to approve the working budget, another board member seconded, and the board approved the budget by voice vote. The motion as recorded in the meeting: "approve the 24–25 working budget as presented tonight." The transcript records a voice vote of "All in favor" but does not record a roll-call tally.
Why it matters: The working budget sets resource priorities for instruction, operations, transportation and capital projects; the contingency and building-fund increases signal preparation for a planned construction phase that will be detailed later once bond sales and final construction figures are established.
Finance staff invited questions on the monthly financial report and clarified that 'omitted property tax' lines reflect taxes tracked separately (for example, taxes collected in other counties that are remitted to Rockcastle County) and that some grant-funded staff positions are budgeted both in grants and the general fund for transparency and auditability.
The board took no additional formal action on personnel reports and adjourned the meeting.
