White County finance director reports $22.7 million combined fund balance; year-end reallocations to be finalized

The White County School System finance presenter summarized the district's fiscal position through April at the Board of Education meeting on May 7.

The finance presenter reported total revenues of $39,531,899 and total expenditures and encumbrances of $37,307,422 through April 30, leaving an estimated combined fund balance of $22,679,641. She warned the final two months of the fiscal year are typically heavy on expenditures and that the fund balance will likely normalize by June 30. Expenditure growth is driven largely by salaries and benefits, and some final reallocations are expected to handle federal grant adjustments.

Staff described 13 budget amendments and transfers meant to move existing budget authority between line items (special education, CTE, instructional supplies, employee benefits and other categories) to align spending with program needs at year-end. Most of these are described as bookkeeping cleanups rather than new spending. The board pulled two amendments tied to the high-performance bonus out of consent for separate discussion and approval during new business.

Board members were told to expect a budget amendment in June to reconcile some final federal grant items and that staff will present a proposed FY27 preliminary budget at a May 26 review meeting with final consideration on May 28.