Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget And Finance topic
No spam. Unsubscribe anytime.
Kingsport school board approves budget amendment to fund Robinson fire‑alarm replacement
Summary
The board approved Budget Amendment No. 5 to increase estimated interest earnings by $100,000, restore $34,500 to the technology instructional budget, add $65,500 for bank service charges, and transfer $350,000 from an overbudgeted HVAC project to cover the Robinson fire‑alarm replacement estimated at $300,000–$325,000.
The Kingsport City Schools Board of Education approved Budget Amendment No. 5 at its March 10 meeting to cover the Robinson fire‑alarm replacement and adjust several fund‑balance and operating items.
Mr. Fry presented the amendment, saying the district will increase estimated interest‑earnings revenue by $100,000, reallocate $34,500 back to the technology instructional budget, add a $65,500 line for bank service charges, and transfer $350,000 from excess funds in the Washington HVAC replacement project to fund the Robinson fire‑alarm replacement. He said engineering estimates place the Robinson project "somewhere in the 300 to $325,000 range," and that the transfer would include contingency funding.
A motion to approve the budget amendment was made and seconded; the chair announced the motion passes. The record in the transcript does not include a roll‑call or recorded vote tally.
Mr. Fry said bids for the Robinson project will be advertised on Saturday and that the district expects to use the transferred funds to promptly fund the replacement. He also explained that the district expects a net gain of about $70,000 from the city allocating 16% of some interest earnings to the school system (noting that bank service charges will be allocated similarly). The board did not record any additional conditions or amendments in the meeting transcript.
Next steps: advertise bids for the Robinson fire‑alarm replacement and proceed with contracting as budgeted; the board will likely return with project accounting and any further transfers if needed.
