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Finance director reports improved revenues; board moves several budget amendments to consent
Summary
Maury County Schools reported year-to-date revenue improvements and that the district meets the 3% fund-balance test; multiple budget amendments reallocating line items were moved to the consent agenda for later formal adoption.
Finance staff informed the Maury County Board of Education on Dec. 16 that revenues are up year to year and that the district meets the 3% fund-balance test, reducing the need for tax anticipation notes. Staff asked if board members had questions and reviewed several budget amendments that the board agreed to move to the consent agenda.
Doug, a district finance staff member, said December typically brings the receipt of about half the district’s property tax revenue and that revenues and expenditures are both rising, but the district remains in a sound position. He stated explicitly that the district has "met our 3% test," meaning the fund balance is above 3% of the operating budget.
Staff then reviewed multiple budget amendments that shift funds within departments: technology internal transfers, recognition of Teacher of the Year donations, athletic services-to-capital reallocation, JROTC revenue recognition, an increase to substitute-teacher funding moved from software savings, and budgeting a donation for the John Ryan Massey scholarship. The board signaled no opposition and directed these items be placed on the consent agenda for approval at the voting meeting.
No formal roll-call votes were recorded in the transcript for these amendments at the work session; the items were advanced to consent for formal action at a later meeting.
