Rutherford County Schools presents $8.28 million in year‑end amendments; board to receive details

Brian Renan, CFO for Rutherford County Schools, told the committee on June 17 that the district is proposing year‑end cleanup amendments totaling $8,279,427 for fund 141 (general purpose school fund). Renan said the amendment funds leave payouts, certification/degree pay adjustments, stipends, insurance premium increases, purchases of statemandated science textbooks, middle‑school laptop replacements and capital outlay for construction. Revenue sources cited for the increases included additional TISA and state revenue plus indirect cafeteria program transfers.

Renan said the district’s previously budgeted deficit for the year was roughly $7.8 million but that, as is common in recent years, the district often closes the fiscal year in surplus when actuals are tallied. He told commissioners that the district had received about 97.79% of budgeted local revenue as of the meeting and that two large receipts remaining were a final TISA payment and delayed sales‑tax receipts that typically arrive later in July.

Commissioners asked for more precise expenditure and encumbrance numbers; Renan said payroll had just closed and staff would provide full numbers on request. The committee approved the fund 141 amendment by motion and roll call. The separate cafeteria fund amendment (fund 143) — a budget‑neutral reallocation to prevent overages in individual line items — was also approved.

Renan noted several one‑time and timing items affecting the district’s finances, including roughly $9 million used this year for the Lee Road property and standard timing differences for payroll and encumbrances.