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Shelby County Schools present $66.4 million budget amendment and propose fund balance assignments; board requests further analysis
Summary
Superintendent and finance staff outlined a recommended FY‑26 budget amendment increasing all‑funds spending by $66,430,309 and proposed assignments that would reduce the unassigned fund balance to about 19%; board members pressed for a multi‑year analysis and clarification of carryover allocations and planned uses.
Superintendent Dr. Miguel Richmond and district finance staff presented a recommended fiscal‑year 2026 budget amendment and a proposal to assign parts of the district’s general fund balance at the Shelby County Board of Education work session.
The amendment would increase the district’s all‑funds budget by $66,430,309, from $1,952,112,514 to $2,018,542,823, officials said. The presentation broke the changes down by fund: the general fund showed an increase of $72,714,462, the capital improvement fund a decrease of $14,986,261, and federal special revenue (fund 8) an increase of $8,702,108. The staff memo also lists programmatic additions and positions tied to the Comprehensive Coordinated Early…
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