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Anderson County reports higher revenue, board approves unaudited June financials
Summary
Treasurer presented unaudited June figures showing revenue up 12.3% (including roughly $1,000,000 in additional property tax revenue and other category increases); the board approved the financial report and noted one-time IRA rebate effects and rising salary and non-salary expenditures.
The Anderson County Board of Education approved unaudited June financial statements after the district's finance presenter summarized key year-over-year movements. The presenter cautioned the figures are unaudited and exclude year-end audit adjustments.
According to the report, overall revenue rose 12.3% year over year. Notable line items called out in the presentation included approximately $1,000,000 in additional property tax revenue, roughly $92,000 in increased motor vehicle revenue and about $147,000 in higher utilities tax revenue. The presenter also said the district received an IRA rebate that produced a one-time boost; excluding that rebate, revenue would be up about 9% overall. SEEK funding for the year was reported up "a little over $400,000" (about 3.21%).
On expenditures, the presenter said salary and benefits were up 6.9% over the prior year, which the presenter described as reasonable given approved salary increases for the 2025-26 school year. Non-salary spending rose about 6%, largely because of a bus purchase and higher insurance and software costs.
The chair requested approval of the financial report; Scott Brown moved, Steve Carmichael seconded, and the board approved the report by roll-call vote. The presenter reiterated that the numbers are unaudited and that year-end audit adjustments will be made before the final audit.
