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Russell County board approves routine fiscal items, capital requests and contracts
Summary
The Russell County Board of Education approved routine consent items and a series of fiscal and contract measures, including the treasurer's monthly report, a $1.14 million capital funds request and pledged collateral from 1st National Bank; the board also approved performance bonds and several interagency contracts.
The Russell County Board of Education approved its consent agenda and a cluster of fiscal and contract items during its June meeting, including the treasurer's monthly report, capital fund requests and membership and service agreements.
The clerk presented the treasurer's May report showing a beginning cash balance of $16,182,983.85, receipts for the month of $2,430,324.61 and an ending cash balance of $15,243,501.24. The clerk recommended approval of routine consent items (previous minutes, paying the bills and activity fund reports), and the board voted to adopt the consent agenda.
The board also approved a fiscal year 2026–27 capital fund request totaling $1,141,579 to cover property insurance, bus purchases and work on the band practice field, as well as a collateral pledge from 1st National Bank in the amount of $24,410,000 related to its status as a designated repository for public school funds. The clerk explained the statutory requirement for collateral and recommended approval.
The board voted to approve fidelity/performance bonds for district treasurers and treasurer‑responsible employees as required by state law, and approved three contracts and memorandums of agreement for the coming school year: membership in Green River Regional Educational Cooperative, a vision itinerant services contract for students who are visually impaired, and a memorandum of agreement and full‑utilization certification with Lake Cumberland Community Action (Head Start).
Votes at a glance: - Consent agenda (minutes, bills, activity fund reports): approved (recorded roll call: Murray, Selby, Wilson, Higginbotham, Guzik/Gesick — all yes). - FY 2026–27 pay dates: approved (roll call yes). - Pledge of collateral with 1st National Bank ($24,410,000): approved (roll call yes). - Fidelity/performance bonds: approved (roll call yes). - Capital fund request ($1,141,579): approved (roll call yes). - Contracts/memoranda (Green River REC; vision itinerant services; Lake Cumberland Community Action/Head Start): approved (roll call yes).
The board’s approvals covered routine fiscal housekeeping and contractual authorizations needed to maintain operations and district programs. Next steps include standard change‑order paperwork for approved capital projects and continued implementation of the contracted services.
