Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Finance topic
No spam. Unsubscribe anytime.
Treasurer: General fund $7.86 million; construction spending and debt-service figures highlighted
Summary
The Washington County Board of Education’s treasurer reported a general fund balance of $7,862,640.36 as of Dec. 31, 2024, with construction fund expenditures of $3,388,153.55 year-to-date and debt-service payments of $1,280,843.69 recorded.
At the Jan. 6, 2025 Washington County Board of Education meeting, the district treasurer presented the balance sheet as of Dec. 31, 2024 and summarized year-to-date receipts and expenditures across district funds.
Key balances recorded in the minutes: General Fund $7,862,640.36; Special Revenue $379,058.56; District Activity $155,819.45; Student Activity $209,685.73; Capital Outlay $212,437.50; Building (FSPK) $1,601,883.65; Construction $1,989,309.07; Debt Service $(1,280,843.69); Food Service $1,222,081.72; Day Care $833,972.28; Scholarship $3,258.19.
The minutes state the general fund received $8,169,727.39 in revenue and recorded $5,770,455.22 in expenditures year-to-date. The Special Revenue Fund shows year-to-date salary and fringe expenditures of $1,230,761.26, operational expenditures of $897,238.62, and indirect costs of $168,758.32. The Construction Fund year-to-date spending is listed as $3,388,153.55.
The minutes also show Food Service receipts of $984,280.76 and expenditures of $852,417.95 year-to-date, and Day Care receipts of $158,710.54 with expenditures of $40,793.25. The Scholarship Fund had no payments recorded for the fiscal year as of the report.
Superintendent Dr. J. Robin Cochran also provided a brief operational update on a land survey and tree lines and said an executive session (an expulsion hearing) scheduled for this meeting was rescheduled because of weather.
Legislative Liaison Jeremy Thompson reported on the Interim Joint Committee on Education and the upcoming 2025 legislative session schedule; the minutes list the committee meeting date as Dec. 10, 2024 (the transcript contained a typographical year error of 2025, corrected here to Dec. 10, 2024).
What this means: The district’s reported general fund balance and the recorded construction spending and debt-service figures provide a snapshot of cash and obligations entering the FY26 budget process. The FY26 draft budget was approved later in the meeting for further processing.
Next steps: The FY26 draft budget will proceed through the district’s budget process; the minutes do not record a final adoption or required public-hearing dates.
