Board accepts December financial report, hears internal-funds audit with no major findings at larger schools

The Johnson City Schools Board approved the district financial report for the month ending Dec. 31, 2024 and received an internal-school-funds audit for 2023–24.

Leah Valley presented the December financial report, saying revenues for the month totaled $8,843,000 and expenditures $8,113,000. Valley reported a year-to-date net loss of $1,063,000 “that is within budget,” and a fund balance at Dec. 31 of $17,082,000, which she said is above the district’s fund-balance goal. She also noted local-option sales tax growth of about 2.8% from last year and said the district received TISA outcomes funding based on last year’s student data.

Separately, Valley reported on sales-tax deposits: the city’s December deposit reflected October sales and included $307,000; the school’s deposit earlier reflected September sales and was $164,000. She told the board there was a 10.9% increase in October sales, a figure district staff said they will continue to monitor.

The board voted to approve the financial report by voice vote.

On the internal-school-funds audit (required to follow the Internal School Funds Manual from the Tennessee Comptroller’s Office), Valley said larger schools including Science Hill, Liberty Bell and others had no findings; several elementary schools had technical findings, often involving purchase-order or voided-check procedures and first-year bookkeepers. The board approved the audit report.

Valley also said the district has received required information from school support organizations and is beginning the 2025–26 budget process.

The actions were approved by the board; no individual vote tallies were recorded in the transcript beyond voice approval.