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District reports stronger-than-expected revenue position through January
Summary
A district finance presentation showed revenues at 73.1% of the annual budget and expenditures at 54.5% through January, with December sales-tax receipts of $3,449,630 and January collections up 11.43% from 2024.
Ms. Cody presented the Glynn County School Board with the district's January financial snapshot, reporting total revenues at 73.1% of the annual budget and total expenditures at 54.5%, leaving the overall budget position at about 58% through the end of January.
She told board members that December sales tax receipts, collected in January, totaled $3,449,630, and that January 2026 tax collections were 11.43% higher than January 2024. Ms. Cody said that, at this point in the fiscal year, revenues typically outpace expenditures because property-tax collections occur earlier in the year.
On investments, Ms. Cody reported $626,556.46 in interest income for January across operating, workers' comp and other accounts and said the district plans to move most East Bloss 4/5 balances into Georgia Fund 1 to capture slightly higher yields. When asked about local tax collection rates, she said this time last year collections were about 94% and the district's estimate is 97% for the year.
The discussion included clarifying questions about current balances and account breakdowns; Ms. Cody said the reported interest figure represents the total across the district's different accounts. No formal vote or action on the financial report was recorded at the work session.
