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Board sets aside $500,000 for after‑school program and approves budget amendments tied to projects and benefits
Summary
Board amended budgets to fund the high-school security project and adjust retirement/benefits lines, and it approved restricting $500,000 of fund balance for the after‑school program (two‑year reserve) after members reduced an original $1.2 million proposal.
The Coffee County Board approved several finance actions: a $750,000 budget amendment to fund the high-school security improvements, a separate budget amendment to adjust retirement and medical lines for the coming year, and a decision to restrict $500,000 of fund balance as a contingency for the district after-school program.
Finance staff said the $750,000 for the security work will be moved from assigned fund balance into capital outlay. The larger budget housekeeping amendment included adjustments tied to higher-than-expected state retirement rates and medical premium increases; staff explained these are routine fiscal reconciliations ahead of the next budget cycle.
On the after-school program, the board discussed an initial proposal to restrict $1.2 million (two years of funding) in case grant applications fail. After discussion and a friendly amendment, members agreed to restrict $500,000 to reserve funds for two years; staff clarified restricted funds can be returned to unassigned fund balance later by board action if not used.
