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Finance director reports steady sales‑tax growth, sets tentative budget calendar
Summary
Assistant Superintendent for Finance Keith Chapman told the board sales tax is up about 3.53% year‑over‑year, the district is roughly halfway through the fiscal year with 49.8% of the budget expended, and provided tentative budget workshop and adoption dates for May and June.
Assistant Superintendent for Finance Keith Chapman briefed the Coweta County Board of Education on Jan. 13 about the district’s fiscal position and proposed budget timeline for 2026.
Chapman reported approximately $300,000 in sales tax revenue for the month and about $3.8 million year to date. He said the district has completed roughly 50% of the fiscal year while expending about 49.8% of the budget and anticipates maintaining reserves in the range of $3.5 million to $4 million by year end.
On sales tax trends, Chapman said the district continues to see favorable numbers with a 3.53% year‑over‑year increase. He outlined the tentative budget schedule: a first budget workshop at the regular May meeting on May 12, a second workshop the week of May 19, tentative adoption on June 2 and formal adoption on June 23.
Board members asked whether the district projects to remain in reserve by year end; Chapman said some catch‑up is expected but forecasted reserves of roughly $3.5–4.0 million. No budget votes were taken at the Jan. 13 meeting; the dates provided will guide public workshops and formal adoption later in the spring.
Chapman’s report placed the district on a roughly even trajectory between spending and time elapsed in the fiscal year and provided the public schedule for upcoming budget workshops and adoption deadlines.
