The Coffee County Board of Education held the first of two budget hearings during its regularly scheduled meeting Sept. 6.
Chief Financial Officer Shannon Odom prepared a presentation for the board and meeting attendees regarding the fiscal year 2019 proposed budget, explaining the figures and from where the county schools receive their funding. According to Odom, 68 percent of Coffee County’s revenue comes from state funding, with 20 percent coming from local funds, 11 percent coming from federal funds, and 1 percent coming from other funds.
In fiscal year 2018, Coffee County schools received $13,624,377 in state fund revenues and $1,379,687 in federal fund revenues. Odom said for fiscal year 2019, Coffee County is expected to receive $14,040,763 in state fund revenues and $1,511,634 in federal fund revenues, an increase of $416,386 and $131,947 respectively. The estimate for FY 2019’s total local revenue is $4,318,569.11 and total other revenues are $577,290.53.
Under expenditures, Odom said that 77 percent of expenditures fall under the general fund, with special revenue taking up the next largest chunk at 17 percent. Capital projects make up 3 percent of expenditures, debt service 2 percent, and the last 1 percent goes to fiduciary expenditures.
The total anticipated expenditures for FY 2019 is $22,241,607.15. According to Odom’s presentation, the estimated beginning balance for FY 2019 is $7,169,069.89; adding that sum to the $21,855,124.64 of anticipated revenues, the balance before expenditures should be $29,024,194.53. After expenditures are subtracted, the estimated ending balance is $6,782,587.38, of which $6,008,446 will be in the general fund. As the State Department of Education recommends that Coffee County have at least two months of operating balance on hand, and the one month requirement is $1,441,593, the school system should have 4.17 months of operating balance on hand after expenditures are subtracted.
No further discussion was given on the budget and no votes were taken.
The Coffee County Board of Education’s next budget hearing will he held Sept. 13 at noon.
* The board passed a resolution commending the Altrusa organization in Jack for their 15th anniversary and the support they have provided Coffee County schools during their years of operation.
* Leave -- Bethany Bryant, teacher, New Brockton High School, effective Oct. 10 -- Nov. 26; Kelly Yaden, CNP worker, Zion Chapel School, extended through Sept. 18.
* Resignations -- Larry Walker, bus driver, New Brockton Elementary/New Brockton High School.
* Retirements -- Selena King, bus driver, Zion Chapel School, effective Oct. 1.