New financial presentation shows $713.7M total fund balance; board hears monthly 'moderate risk' estimates
September 18, 2026 | Bibb County, School Districts, Georgia
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Eric Bush introduced a new PowerPoint‑friendly format for the district’s monthly financial statements aimed at clearer public presentation and greater transparency. The slides summarized fund balances and highlighted a consolidated view of assets, liabilities and fund balances across funds.
Bush reported consolidated figures: total assets across funds of about $735,000,000, total liabilities of roughly $20,300,000 and a combined fund balance of about $713,700,000. He said liquid assets (cash plus investments) totaled about $105,500,000. On the general fund summary, July activity showed a fund balance of roughly $38,900,000 and reported anomalies related to July timing (teacher salaries and accruals) that affect month‑to‑month interpretation.
As part of the district’s moderate‑risk reporting required by the Georgia Department of Audits, the board reviewed estimated expenditures for October (salary and benefits $24.5M; operating $13M; total $37.6M for all funds). Bush also presented an unaudited annual summary showing general fund revenues of $288.8M against total expenditures of $307.0M, producing an $18.2M year‑to‑date gap; staff noted the audit is not complete and these are unaudited statements.
Board members asked that monthly budget columns be added for clearer comparison, and asked for clearer reconciliation between the new presentation and the detailed PDF and FI‑2 investment reports. Bush and staff agreed to make those format and categorization clarifications.
Bush reported consolidated figures: total assets across funds of about $735,000,000, total liabilities of roughly $20,300,000 and a combined fund balance of about $713,700,000. He said liquid assets (cash plus investments) totaled about $105,500,000. On the general fund summary, July activity showed a fund balance of roughly $38,900,000 and reported anomalies related to July timing (teacher salaries and accruals) that affect month‑to‑month interpretation.
As part of the district’s moderate‑risk reporting required by the Georgia Department of Audits, the board reviewed estimated expenditures for October (salary and benefits $24.5M; operating $13M; total $37.6M for all funds). Bush also presented an unaudited annual summary showing general fund revenues of $288.8M against total expenditures of $307.0M, producing an $18.2M year‑to‑date gap; staff noted the audit is not complete and these are unaudited statements.
Board members asked that monthly budget columns be added for clearer comparison, and asked for clearer reconciliation between the new presentation and the detailed PDF and FI‑2 investment reports. Bush and staff agreed to make those format and categorization clarifications.
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