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Finance officer reports positive year‑to‑date operating position; bond payment due March 1
Summary
Byron Jones reported seven‑month financial statements showing $73.5 million in revenue versus $67.8 million in expenses (about $5.7 million positive), general fund reserves near $48 million and investments earning roughly 3.71%; he noted the second bond payment is due March 1 and FY27 will include principal payments.
Byron Jones, the district finance officer, presented the Griffin‑Spalding County School System—inancial statements for the seven months ending Jan. 31, 2026 and said the district is operating with revenues exceeding expenses year‑to‑date.
Jones reported $73.5 million in revenue vs. $67.8 million in expenses through seven months, leaving roughly $5.7 million positive. He said general fund reserves were about $48 million and nutrition reserves approximately $4.1 million. Jones also reported about $107 million in invested funds earning roughly 3.71 percent and called out a historically high monthly receipts figure for December.
Jones reminded the board that the district will make its second bond payment on March 1 and that FY27 budgets will include principal and interest payments that will increase annual debt service. He said some federal drawdowns (Title I–IV) will be processed to reimburse district cash outlays.
Board members had no substantive questions and accepted the report.
