Home arrow NewsBreak arrow Toombs Schools Fund Balance Improves
Toombs Schools Fund Balance Improves
Tuesday, 19 July 2011

July 19--  The Toombs County school system's fund balance is better this year than last and that will help cushion what officials expect will be a lean year in 2012.

Strong local tax collections in fiscal year 2010 combined with cutbacks on expenses and the infusion of federal funds have allowed the system to end this fiscal year with an estimated $1.4 million reserve fund.

They'll need the money to make it through 2012, according to Chief Financial Officer Crystal Cody.  She reports only about 80 percent of local property taxes for the school system had been collected as of the end of May compared to more than 107 percent the end of May last year.  The system is short more than three-quarters of a million dollars in property tax revenue so far this year. 

At their July meeting, Toombs County school board members discussed the role of board members prompted by school board member Duane Tomlin's admonition against micro-managing the school system.  Discussions centered around following the chain of command in carrying out board policy and discouraging individual board members from interfering in school system administration.

 
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