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Johnson City Schools reports $3.2M net decrease in fund balance; internal audit finds eight internal-school-fund issues
Summary
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.
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.
Leah Veil also reported PEP account…
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