Jefferson City finance director reports $13 million fund equity; middle-school project running under budget
March 13, 2026 | Jefferson City, School Districts, Georgia
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District finance staff reported the Jefferson City School System’s financial position through February and provided updates on capital projects, including the new middle school.
The finance director told the board the district is 66% through the fiscal year and has received a large portion of tax funding; staff reported a fund equity balance of $13,000,001.27. ‘‘We ended with a fund equity balance of $13,000,001.27,’’ the finance director said while summarizing revenues and expenditures.
Staff reviewed special revenue accounts (federal grants, pre-K, school nutrition), noting typical timing lags where programs spend funds first and request reimbursements afterward. The district will transfer budgeted general funds to fully cover pre-K operations as planned.
On capital projects, the director presented the new middle school budget: a current remaining balance of approximately $6.4 million against a prefaced project total of about $35.5 million. Staff said there is contingency in the project and that current estimates show the district may underrun the budget by as much as $2 million; the tennis courts, however, were not part of the project and will be addressed separately via an RFP that will be advertised for 30 days.
The board also received a PBA/bond report showing a balance tied to prior bond issuance that is being used for construction, and a utility report that reflected increased square footage from the new middle school but no dramatic utility-cost changes; a prior-year leak had inflated last year’s water usage.
Board members asked clarifying questions about tennis-court costs and how upcoming RFPs and contingencies will affect final project totals. Staff said the facilities committee will review detailed numbers and bring recommendations back to the board. The board approved related small-area repairs and maintenance work that staff said would be scheduled during spring break.
Next steps include bringing back a recommendation on the tennis-court RFP at the April board meeting and continuing close monitoring of fuel and other operating costs that may affect the year-end forecast.
The finance director told the board the district is 66% through the fiscal year and has received a large portion of tax funding; staff reported a fund equity balance of $13,000,001.27. ‘‘We ended with a fund equity balance of $13,000,001.27,’’ the finance director said while summarizing revenues and expenditures.
Staff reviewed special revenue accounts (federal grants, pre-K, school nutrition), noting typical timing lags where programs spend funds first and request reimbursements afterward. The district will transfer budgeted general funds to fully cover pre-K operations as planned.
On capital projects, the director presented the new middle school budget: a current remaining balance of approximately $6.4 million against a prefaced project total of about $35.5 million. Staff said there is contingency in the project and that current estimates show the district may underrun the budget by as much as $2 million; the tennis courts, however, were not part of the project and will be addressed separately via an RFP that will be advertised for 30 days.
The board also received a PBA/bond report showing a balance tied to prior bond issuance that is being used for construction, and a utility report that reflected increased square footage from the new middle school but no dramatic utility-cost changes; a prior-year leak had inflated last year’s water usage.
Board members asked clarifying questions about tennis-court costs and how upcoming RFPs and contingencies will affect final project totals. Staff said the facilities committee will review detailed numbers and bring recommendations back to the board. The board approved related small-area repairs and maintenance work that staff said would be scheduled during spring break.
Next steps include bringing back a recommendation on the tennis-court RFP at the April board meeting and continuing close monitoring of fuel and other operating costs that may affect the year-end forecast.
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