The Carmi-White County School District held their budget hearing on Monday night, projecting there would be almost $24 million in expenditures for the district's fiscal year. All board members were in attendance. Superintendent Jarrod Newell gave the following report:
- The education fund budget has projected receipts of $18,460,269 and expenditures of $18,385,040. The cash balance for July 1, 2027, is projected to be $15,849,757.
- The operations/maintenance fund budget has projected receipts of $1,534,900 and expenditures of $1,475,113. The cash balance for July 1, 2027, is projected to be $1,874,915.
- The bond and interest fund has projected receipts of $655,024 and expenditures of $643,844. The cash balance for July 1, 2027 is projected to be $776,731 This includes $377,000 in revenue from the 1% sales tax that was approved to abate in the levy this year,
- The transportation fund budget has projected receipts of $1,288,222 and expenditures of $1,227,466. The cash balance for July 1, 2027, is projected to be $1,080,893.
- The IMRF/SS budget has projected receipts of $680,200 and expenditures of $665,664. The cash balance for July 1, 2027, is projected to be $674,261.
- The Capital Projects fund budget has projected receipts of $995,000 and expenditures of $758,877. The cash balance for July 1, 2027, is projected to be $4,785,072.
- The working cash fund budget has projected receipts of $54,900 and no expenditures. It is projected to end the year with $1,153,851.
- The Tort fund budget has projected receipts of $722,000 and expenditures of $749,158. The cash balance for July 1, 2027, is projected to be $462,776. "Each year we levy for these dollars that are used to fund risk management costs to the district such as insurance and other related expenditures," stated Superintendent Jarrod Newell.
- The health life safety fund has projected receipts of $24,900 and expenditure of $24,900. The cash balance for July 1, 2027, is projected to be $612,023.
Total receipts for all funds are projected at $24,415,415 for the current school year, with expenditures projected to be $23,980,062. This results in a 2026-2027 projected balance of $27,270,280 for all fund accounts.
