During the Aug. 21 Regular Board Meeting, trustees reviewed and approved the amended budget for the 2025–26 fiscal year, as presented by Chief Financial Officer and Chief Operations Officer Dennis Covington. This amendment focused on the Maintenance and Operations (M&O) budget, which was increased to comply with House Bill 2 requirements related to teacher compensation and the district’s compensation plan for all other employees.
Why it matters:
Maintaining a balanced budget ensures higher financial ratings from external ratings agencies. Those higher ratings lead to higher credit ratings and lower interest rates.
Strong finances allow for greater stability districtwide.
Additional highlights:
Agenda Item I4: Trustees accepted the resignation of Pres. Tiffanie N. Harrison and approved the process to fill her Place 6 vacancy.
Agenda Item F2: Chief Financial Officer and Chief Operations Officer Dennis Covington provided an update to trustees regarding progress on the 2024 Bond, as well as on the final two projects from the 2018 Bond. Covington was joined by Will Pinkerton of HPM and Mike Brooks, recently named as the district’s executive director of Bond Programs.
Agenda Item I2: Chief Human Resources Officer Eddie Curran presented a finalized contract for board approval of Marathon Health as the service provider for the district’s on-site health clinic for staff.
Agenda Item F1: Senior Chief of Schools & Innovation Natalie Nichols presented information on College, Career and Military Readiness, providing data on student achievement and reviewing the district's process for receiving updated data from each school year.
To review all agenda items covered in the Aug. 21 Regular Board Meeting, visit our Board Meetings Webpage or rewatch the meeting here.