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Carroll County schools preview budget amendment, one-time employee supplement and $51M bond plan
Summary
District financial staff reviewed the January financials, previewed a FY26 budget amendment tied to state allotments, outlined a state-approved one-time employee supplement and proposed a principal bond issuance of approximately $51 million to fund facility projects.
District finance officials provided an overview of the district’s January finances and previewed major fiscal items coming to the board.
The January report showed general fund revenues of $14 million, expenditures of $16.3 million, and a fund balance of $63.2 million, with $3.5 million in outstanding purchase orders. SPLOST receipts for January totaled $2.3 million, a 9.6% increase over the same month last year.
Staff said a midterm state allotment sheet is pending and will drive a budget amendment expected to come before the board next month. Officials confirmed a one-time state supplement of $2,000 for full-time benefits-eligible employees has been approved by the governor and legislature; the district estimated the net cost to the district (after state coverage) to extend supplements to part-time salaried and part-time hourly employees at $950,000, with an additional $75,000 to include part-time hourly workers, for a total estimated net local cost of about $1,025,000 if the board approves extending payments to all employees not covered by the state.
Staff also briefed the board on a proposed 2026 bond issuance. The preliminary principal amount presented at the meeting was $51 million for facility projects identified in the district’s facility master plan; staff noted an estimated premium that would increase available funds in the district’s accounts once the transaction is complete. Key dates in the bond timeline include an April discussion of bond documents and a May closing if the board proceeds.
What actions followed: staff said they will bring a formal budget amendment and a business item for supplement distribution to the board for vote at the upcoming meeting. The board did not yet vote on bond documents during the work session.
Why it matters: extending the state supplement to part-time employees would require locally funded dollars; the bond would provide capital for construction and renovation projects cited elsewhere in the meeting notes.
