Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Amendments topic
No spam. Unsubscribe anytime.
Board approves budget amendments to carry forward grants, accept $300,000 extended‑school‑year grant and reflect $619,260 state aid reduction
Summary
The board approved budget changes to move prior grant balances forward (~$1.1M), accept a $300,000 extended school year startup grant received in March and reduce state basic aid revenue by $619,260 to reflect lower average daily membership.
Franklin City School Board members approved several budget amendments on May 7 that adjust revenue appropriations and spending authority for the current fiscal year.
The finance director asked the board to move remaining grant balances forward into fiscal 2026, increasing appropriation authority by $1,100,000 to allow the division to spend awarded grant funds before deadlines. The board approved the request.
The board also approved an amendment to reduce state basic aid revenue to reflect a drop in average daily membership; the finance presentation listed a revenue reduction of $619,260 and corresponding reductions in instruction expenditures.
Finally, members approved accepting a $300,000 Extended School Year startup grant that was received in cash in March; the amendment provides appropriation authority to spend the awarded funds.
Board members asked for more itemized budget reports going forward. The finance director said the division could provide a more detailed breakdown in future materials.
