Board approves FY26 amendment to reflect midyear grant revenue; officials say change is budget neutral
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Summary
School finance staff presented FY26 general fund amendment reflecting ISM and TISA grant revenues; board approved the amendment and staff said county commission-approved fund‑balance use ($6,069,000) remains unchanged.
School finance staff told the Washington County Board of Education on Feb. 5 that the FY26 general fund budget amendment primarily reconciles midyear grant revenues and adjustments. Officials identified ISM grants and TISA funds among the inflows and said the amendment increases both revenue and expense entries but leaves the district’s planned use of fund balance unchanged.
Speaker 5 explained that '95 plus percent' of the net changes relate to five or six general‑fund grants that flow through the fund, with the ISM grant described as the largest. The staff presentation referenced TISA revenue of about $773,000 and reiterated that the county commission’s previously approved fund‑balance use of $6,069,000 'did not change.'
Board members asked for clarification on what the amendment included; staff pointed to additional revenues (gifts/contributions, preschool grants) and routine cleanups reflecting allocations finalized after the budget was prepared in May. Speaker 2 moved to approve the amendment(s) covering school budgets referenced in the packet; the motion was seconded and carried.
Next steps: staff will file the approved amendment consistent with normal budget procedures and continue to report adjustments in future finance updates.