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Board accepts March financial report; officials warn of federal funding uncertainty
Summary
Anderson County's March financial report showed a roughly 6% revenue increase (including $486,000 in property tax and $68,000 in investment interest) and $2.17M in federal grants for FY2025; staff urged vigilance given possible federal cuts earlier proposed at 25%.
CFO Joshua presented the March financial report, telling the board that overall revenue for March rose about 6%, driven by a $486,000 increase in property tax receipts and $68,000 in investment interest. He said SEEK funding per student will increase from $4,326 to $4,586 for the coming year and noted that federal grant funding for FY2025 totals $2,172,391 supporting Title I, IDEA‑B, Perkins, Title IV and Title II programs.
Joshua also emphasized the local importance of federal dollars, noting that food service had received $1,343,481 in federal funds through March 2025 and that those dollars support more than 30 food‑service positions. He warned the board to watch for pending federal proposals: "what was proposed for this year's budget was a 25% reduction," he said, adding that such a cut would be substantial for program services funded by titles other than food service.
The board approved the March financial report and the orders of the treasurer on roll-call votes. Staff said capital funds transfers authorized by KRS 157.420 are available for certain building fund uses (school buses, maintenance, technology), and the district expects $2.1–$2.2 million in excess building funds available outside of debt service; staff proposed using capital funds requests to cover specific purchases.
What happens next: staff will continue to monitor SEEK and federal funding developments and will bring capital funds requests and budget proposals to future meetings as needed.
