2.A. WFTEADA (Weighted Full-Time Equivalent Average Daily Attendance)
Discussion:
Ms. Leia Valley discussed the WFTEADA (Weighted Full-Time Equivalent Average Daily Attendance)
The WFTEADA determines the way the revenues are divided between school systems within the county.
Ms. Valley distributed copies of the 2024-2025 numbers versus 2025-2026.
2.B. May TISA Estimates
Discussion:
Ms. Leia Valley discussed the TISA Estimates.
The April estimate for the state dropped to under thirty-two million; prompting a data discrepancy review.
Ms. Valley also noted that TISA is utilizing a new program to pull student data starting in May.
Staff will be reviewing data for discrepancies with the next data pull in June.
The final TISA estimate will be available the first week of July.
2.C. Budget Schedules
Discussion:
Ms. Leia Valley discussed the Budget Schedules and the first reading with the City.
General Purpose School Fund Summary:
Net Change in Fund Balance: $1,172,287
Fund Balance (Beginning): $17,238,958
Fund Balance (Ending): $16,066,671
General Purpose School Fund Revenue Summary:
Total Local Taxes: $36,955,775
Total Charges for Services: $2,226,400
Total Other Local Revenue: $114,000
Total State Education Funds: $51,204,323
Total Direct Federal Government: $$75,000
Total Other Sources - Transfer In: $14,918,060
Total General Purpose School Fund: $105,495,258
Fund Balance Appropriation: 1,172,287
Total Revenues: 106,667,545
School Food Services Fund Summary:
Total Revenues: $4,787,000
Total Expenditures:$4,787,000
Fund Balance (Beginning): $2,672,325
Fund Balance (Ending): $2,672,325
School Federal Projects Fund:
Total Revenues: $6,607,992
Total Expenditures: $6,633,992
Total other Financing Sources (uses): $26,000
Fund Balance (Beginning): $195,934
Fund Balance (Ending): $195,934
School Special Projects Fund:
Total Revenues: $1,548,889
Total Expenditures: $1,598,889
Total other Financing Sources (uses): $50,000
Fund Balance (Beginning): $253,232
Fund Balance (Ending): $253,232
Total Genera Purpose School: $106,667,545
2.D. Budget Recap
Discussion:
General Fund initially proposed using $1,132,000 from fund balance; current plan is to use fund balance only for one-time capital outlay per comptroller guidance.
Proposed capital outlay funded from fund balance totals approximately $1,183,000.
Budget reflects balancing adjustments, including increased tuition revenue (+$125,000), medical insurance at a 10% increase (average 8.7%, subject to adjustment), and state contract savings (~$38,000).
Federal and state grants are down about $1 million due to a three-year grant ending.
2.E. Budget Requests
Discussion:
A "Tier 1A" priority subset was created for high-importance items not currently funded; the board can re-evaluate and move items between tiers.
Mrs. Kathy Hall asked if those items from Tier 1 & 2 could be added to the September BOE Agenda.
2.F. Fund Balance
Discussion:
Mrs. Leia Valley discussed the Fund Balance Projection
24-25 Ending Balance: $18,577347
Estimated Net Income (Loss) 25-26: ($1,153,500)
Estimated 25-26 Ending Fund Balance: $17,423,847
26-27- Estimated Fund Balance Goal: $17,809,041
2026-2027 Budgeted Changed in Fund Balance: ($1,183,400)
Estimated 26-27 Ending Fund Balance: $16,240,447
Variance Fund Balance Goal 6/30/27: ($1,568,594)
2.G. Cash Flow
Discussion:
Ms. Leia Valley discussed the General Purpose School Fund Monthly Cash Analysis Summary
Total Receipts: $90,370,381
Total Payments: $103,159,404
Excess (Deficiency) of Revenues & Other Services Over Expenditures: ($12,799,023)
Other Financing Sources: $11,626,736
Net Increase (Decrease) in Cash & Cash Equivalents:($1,172,287)
Cash & Cash Equivalents (Beginning): $15,581,462
Cash & Cash Equivalents: $14,509,175
2.H. General Purpose School Fund Budget Detail
Discussion:
Beginning Fund Balance: Designated for 3% Fund Balance $3,062,661
Educare Reserves: $1,392,842
Undesignated $7,659,656
Designated for Inventory and Compensated Absences: $4,280,299
Other Reserves/Designations: $843,500
Designated and undesignated Fund Balance: $17,238,958
Grand Total all Fund Balance & Reserves: $17,238,958
Grand Total Revenues & Fund Balance: $122,734,216
Total Instruction: $51,881,319
Total Attendance: $413,757
Total Health Services: $1,292,410
Total Other Student Support: $3,904,503
Total Instruction Support: $5,959,717
Total Alternative Instructional Support: $71,803
Total Special Education Support: $1,693,087
Total Vocational Education Support: $237,408
Total Technology: $2,489,178
Total Board of Education: $1,337,642
Total Superintendent: $470,479
Total Office of Principal: $7,095,367
Total Fiscal Services: $683,540
Total Human Resources: $365,319
Total Operation Plant: $6,219,022
Total Maintenance Plant: $2,365,569
Total Transportation: $3,417,794
Total Public Relations: $199,061
Total Community Services: $1,538,287
Total Early Childhood Education: $351,002
2.I. Salary Schedules
Discussion:
Mrs. Leia Valley distributed copies of the Salary Schedules for 2026-2027 SY that includes the 2% raise.
2.J. Athletics Request
Discussion:
Ms. Leia Valley noted that the Athletics Department has a request to add another football coach due to the growing numbers. That request has been added to the June regular meeting for approval. Total estimated cost around $8,000.
2.K. Legislative Updates:
Better Spending, Better Schools Act of 2026
Expansion of EFS Program, Hold Harmless provisions
Discussion:
Better Spending, Better Schools Act of 2026
(HB2121 / SB2072) signed into law in April 2026. It requires the Tennessee Department of Education to develop standardized budgeting forms for local education agencies and public charter schools. The reports must be filed with the Office of Research and Education Accountability (OREA) and the Department of Education by August 1 of each year. The Department of Education is required to publish the detailed expenditure reports on the state report card. Additionally, the state report card will display the total Tennessee Investment in Student Achievement (TISA) funds and the required local contribution for each district
Expansion of EFS Program, Hold Harmless provisions
Tennessee House Bill 2532 and Senate Bill 2247(effective May 7) expanded the state's Education Freedom Scholarship (EFS) program. The legislation increased the maximum number of available vouchers from 20,000 to 35,000 for the 2026-2027 school year.
LEAs will need to collect Social Security numbers from newly registered students to calculate funding ;this is not current practice and requires a plan.
DOE must report annually to legislative K-12 committees on voucher applications by county, enrollment status at application, kindergarten applicants not yet enrolled, and household income priority levels where available.
Action(s):
Motion passed:
Motion to approve the Johnson City School's Budget 2026-2027. With a motion by Mr. Jonathan Kinnick and a second by Mrs. Paula Treece, the motion passed.
Dr. Ginger Carter: YES
Mr. Tom Hager: YES
Mrs. Kathy Hall: YES
Mr. Jonathan Kinnick: YES
Mrs. Celia Martin: YES
Mr. Rick Smith: YES
Mrs. Paula Treece: YES
No Action(s) have been added to this Agenda Item.
3. ADJOURNMENT
Discussion:
5:49 PM
Recommended Motion(s):
Motion to Adjourn. With a motion by Board Member #1 and a second by Board Member #2, the motion passed.
