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Coffee County presents March financials and previews FY27 budget impacts
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Summary
Miss Bradford presented the district’s financials through March 31, 2026: fund equity $38.12 million, year‑to‑date revenue $64.85 million and expenditures $59.32 million. She previewed expected state revenue projections, a $47,000 per‑school security grant, TRS and benefit cost changes and a roughly $1.8 million (2%) projected FY27 increase driven mostly by salaries and benefits.
Miss Bradford presented the Coffee County Schools financial report through March 31, 2026, and led the board into the hearing on the FY27 budget.
Bradford reported fund equity of $38,123,687.13, revenue through March of $64,850,407.23 and total expenditures through March of $59,317,029.78. She provided a four‑year comparison and said the district will start closing processes that typically reduce fund equity later in the fiscal year.
On revenue projections, Bradford said she had a webinar with the Department of Education Financial Review and expects clarified revenue projections within about a week, noting the department is clarifying new laws related to literacy coaches and certain property‑tax items. She also said statewide full‑time‑equivalent (FTE) counts are down. Bradford told the board the school security grant will be funded again at $47,000 per school and that those funds will be built into the FY27 budget.
Bradford described benefit changes that will affect FY27: she reported an increase to the TRS contribution (spoken as a roughly 0.41 percentage point change to about 22.32 percent from 21.91) and noted employee health‑insurance per‑employee monthly figures in discussion. She said the district follows Social Security at 6.2 percent for employee paid Social Security.
Budget totals and functional breakdowns: Bradford said the FY27 projected budget reflects approximately a $1,800,000 increase (about 2% over FY26), with roughly 80 percent of that increase allocated to salaries and benefits and about 20 percent to operational costs such as utilities, fuel and insurance. She also described chart‑of‑accounts reclassifications (for example, counselors moved from instruction to pupil services and software expense now coded as online subscriptions), which affect comparisons across years.
Board comments: The chair said recent General Assembly action did not produce property‑tax changes that would severely affect district funding. Bradford recommended the board review the updated notebooks and said she would present finalized revenue projections at the next meeting once state guidance is received.
The report was informational; no budget vote occurred at this meeting.
