Board hears month‑3 financial report showing steady revenue, $42.6M fund balance
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Summary
Finance staff reported that after three months (about 25% of the fiscal year), total expenditures are roughly $40 million (about 26% of the budget) with a total fund balance of $42.6 million and a 3.24-month fund balance; $500,000 was moved into capital projects year-to-date.
Board finance staff presented the month‑3 fiscal report at the Limestone County Board of Education meeting, noting steady local revenue and routine timing of property-tax receipts.
The presenter said the district is roughly 25% through the fiscal year and reported total expenditures of about $40,000,000, approximately 26% of the budget. The total fund balance was given as $42,600,000 and a one‑month fund balance of $13,100,000, which the presenter described as a 3.24‑month fund balance. The presenter also said the district moved $500,000 into capital projects and that, to date, about $1,600,000 had been allocated toward a capital bucket with a referenced annual capital budget figure of $6,000,000.
Board members asked whether growth in 2026 slowed compared with 2025; the presenter acknowledged the relative rate of revenue growth had decreased and said state-level transportation or technology funding could influence future budgets.
The report did not propose immediate budget cuts; rather, the presenter urged monitoring revenue assumptions and noted some state-level funding streams may change. No formal budget amendment was adopted at the meeting.
