School board adopts amended budget, reappropriates $1.48M and authorizes deed transfer of surplus property

The Bedford County School Board on June 11 approved several fiscal motions: adoption of an amended FY26–27 budget, a carryover reappropriation to cover an employee bonus, and a resolution to deem a parcel on Cottontown Road surplus and transfer it to the county.

Staff presented the amended budget and noted it is about $1.2 million lower than the board’s initial request because of reduced county funding. Key totals the board recorded in the meeting were: operating fund $128,303,531; school maintenance projects fund $7,689,650; textbook fund $1,205,642; nutrition fund $5,339,040, for a grand total of about $142,000,538.

On the reappropriation request, staff asked to reappropriate $1,484,504 from FY25–26 to the FY26–27 operating fund so the district can pay a state‑provided bonus in July to employees who have signed contracts to return next year. Staff said the state has issued the funds and the reappropriation is needed to certify matching funds.

The board also considered a resolution to transfer a small parcel on Cottontown Road back to the county; staff said the board of supervisors intends to convert the land to park space. The board moved to authorize the chair (acting) and executive staff to sign the deed; the motion passed after recorded votes.

Why it matters: The budget adoption and reappropriation authorize near‑term employee payments and set the division’s spending plan pending state funding changes. The property transfer is an intergovernmental agreement that the board framed as easing operating pressures (health fund support) while returning unused land to county management.

What happens next: Staff will process the reappropriation and bonus payments in July, execute the deed if negotiations conclude, and remain prepared to amend the budget after the state completes its budget actions.