The Johnson City Schools Board of Education approved the financial report for the period ending Sept. 30 and the district's first budget amendment for the 2025 26 fiscal year after staff presentations and discussion.

Finance presenter Leah Valley told the board that September revenues totaled $7,908,000, including local option sales tax receipts of $1,813,000. Sales tax collections were reported as up 6.4% year to date; she noted year-to-date revenues were 13.5% above the prior year but that the increase was skewed by state-funded teacher bonuses. September expenditures were $8,910,000, reflecting the normal early-year pattern where expenses exceed revenues before property-tax collections. For the year through September the district reported a net loss of $3,134,000; the district bank balance was reported as just over $11,000,000.

Valley explained how local sales tax is remitted and allocated: the total sales-tax rate in Washington County is 9.75% with a portion remitted by the state and distributed by the county trustee; Johnson City Schools directs the additional local quarter-cent (the increase from 9.25% to 9.50%) into the PEP (People's Education Plan). September deposits to the PEP included $305,000 from the city and $175,000 from the schools; the PEP account balance at month end was reported as just under $10,000,000. County in-lieu funding of $500,000 annually also flows into the PEP under the existing agreement and is intended to support debt service for specified capital projects.

The board approved the first 2025 26 budget amendment. Staff said the amendment draws roughly $1,891,000 from year-end reserve amounts and carryovers for items budgeted but not completed (including textbook purchases tied to a science adoption), permits reallocation of funds for extended assignments, and budgets an increase of about $473,000 tied to the final TISA calculation for the prior year. The amendment also budgets approximately $100,000 for a previously approved wireless upgrade, provides for higher virtual-program enrollment, and allocates funding for the homeless program previously supported by McKinney-Vento funds. Staff said some remaining teacher-line funds are being held for potential staffing changes and can be reallocated later if unused.

Board members moved and seconded the motions for the reports and amendments; voice votes were recorded for routine items and the budget amendment carried.

Auditors were on-site during the meeting to complete school funds work, and staff said the full school-funds audit will be presented at the December meeting.