Johnson City Schools reports $3.2M net decrease in fund balance; internal audit finds eight internal-school-fund issues
Finance staff reported October revenues of $8,583,000 and expenditures of $8,649,000, leaving a $3.2 million net decrease and an October fund balance of $15,376,000 (about $1,748,000 below target). An external audit of internal school funds issued a clean opinion but documented eight findings related to purchase orders, documentation, and deposit timeliness.
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The Johnson City Schools finance director presented the district’s finance report for the month ended Oct. 31, 2025, reporting revenues of $8,583,000 and expenditures of $8,649,000 for the month, leaving a net decrease in fund balance of $3,200,000. The October fund balance stood at $15,376,000, which the finance report said was about $1,748,000 below target. Local option sales tax collections were reported 6.2% above last year.
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