Members of the public may address the Board during the period set aside by the Board without submitting an item for the agenda. No action shall be taken during this portion of the meeting on issues raised by employees or the public unless deemed an emergency by the Board. Please note: Comments are asked to refrain from personal remarks in which an individual is named. Comments are limited to two minutes unless extended by the board chair. Critical comments or complaints are processed through the District’s complaint procedures. Questions and concerns will be addressed by the Board through various venues, including, but not limited to, the district website and e-mail.

• FINAL Covington_Supt Search Board Update 0122026

The Kentucky Department of Education recognizes that it is a best practice for board members to be knowledgeable of each schools’ activity fund balances.  School activity fund balances for a 6-month period will be brought to the board in January/February (July through December) & July/August (July 2025 through June 2026) of each year.  

Keep in mind, finance brought REDBOOK funds for all elementary schools and HMS in house to finance in FY23 which means deposits, PO’s, invoices are all generated throughout the school year in MUNIS.  All their transactions show up on the monthly financial reports under fund 25. 

• FY26 school activity balances for board portal 1-13-26

Monthly warrants!

• 5-3 packet for January 2026 board meeting
• Warrants for January 2026 board meeting for board portal 1-13-26

Budget Narrative for December FY2026 monthly financial statement:

1. General fund (fund 1) – as of 12/31/25, revenue received of 38.6 million with expenses of 18.8 million.
2. Special revenue (fund 2) – as of 12/31/25, revenue received of 4.3 million with expenses of 4.7 million. Many grants in fund 2 are on a reimbursement basis. Money is requested after the expenses have occurred. There is a delay on receiving fund 2 revenue.
3. School Activity Fund (fund 25) – as of 12/31/25 revenue received of $264,000 with expenses of $15,000. This fund was set up end of FY20 due to a new GASB standard that went into effect.
4. Capital outlay (fund 310) - as of 12/31/25, revenue received of $147,500 with expenses of $0. The state does not provide all the capital outlay funding until the end of the fiscal year. This fund is used to pay the district’s bond payments. Bond payments occur throughout the whole fiscal year under fund 400 (new for FY’13 per KDE). Money will be transferred out of capital outlay into the debt service fund throughout the fiscal year.
5. Building fund (fund 320) - as of 12/31/25, revenue received of $2,450,000 with expenses of $523,000. This fund is used to pay the district’s bond payments. Bond payments occur throughout the whole fiscal year under fund 400 (new for FY’13 per KDE). Money will be transferred out of building fund into the debt service fund throughout the fiscal year.
6. Construction fund (fund 360) - as of 12/31/25, revenue received of $572,000 with expenses of 5.1 million. This fund is used to pay for the district’s construction projects.
7. Debt Service fund (fund 400) – as of 12/31/25, revenue received of $0 with expenses of 1.3 million. See detailed explanation under capital outlay and building fund.
8. Food service fund (fund 51) – as of 12/31/25, revenue received of $1,512,000 with expenses of $1,708,000.
9. Daycare fund (originally fund 50 – switched to fund 52 per KDE) – as of 12/31/25, revenue received of $314,000 with expenses of $156,000. Revenue comes in throughout the fiscal year.

December budget changes for fund 1:

12/8/25 $9,500 increase to correct cost for comprehensive salary study per board (total $59,500).

12/10/25 $39,370 net increase to revenue budget – staffing changes on new hires, rank changes, certified and classified supplementals.

12/11/25 $62,836 net increase to revenue budget – staffing changes on new hires, rank changes, certified and classified supplementals.

12/15/25 $1,200 increase to correct cost for Mr. Hassert for superintendent search.

12/15/25 $34,000 increase for emergency boiler at GOS – will be using CFR funding.

12/17/25 $11,769 increase for worker’s compensation audit for FY25.

12/25 Superintendent’s emergency/timing budget – in budget at 500K – this is used throughout the school year.

Completed 1/6/26 by Annette Burtschy

• balance sheet December 2026
• December 2025 bank account update for board portal 1-6-26
• December 2025 investments update for board portal 1-13-26
• financial report December 2026
• Info on funds to help with monthly MUNIS report for board 3-12-21
• YTD general fund only December 2026

This Draft Budget Cycle is required by State Stature KRS 157.060, 157.420, 160.390 and 160.470.                At this time there are many unknowns related to the adoption of this budget cycle.  We will continue to accumulate pertinent information and update the information as we work through the FY 2026-2027 budget. 

This draft budget was created by rolling over the Working Budget (current budget) from FY 2025-2026.

• draft budget FY27
• draft budget presentation FY'27

Each year the School Facilities Construction Commission (SFCC) provides an offer of assistance to school districts to help with technology needs.  If a school district decides to accept the offer, the district must match the offer equally within the general fund budget.  This has been budgeted in general fund already.

Also, see attached list of equipment the district bought during the last fiscal year.  This information was provided by Director White.

• KETS 1st offer FY26 12-18-25

Employee #6731 is requesting a Leave of Absence (FMLA) beginning 02/10/2026 and returning 04/23/2026.  Leave will be fully paid. 

Employee #4402 is requesting a leave of absence (FMLA) beginning 12/16/2025 and returning 01/28/2026.  Leave will be fully paid. 

Employee #5529 is requesting a leave of absence (FMLA) beginning 02/23/2026 and returning 05/25/2026.  Leave will be fully paid. 

Employee #5036 is requesting a leave of absence (FMLA) beginning 12/03/2025 and returning 02/11/2025.  Leave will be fully paid. 

Employee #809 is requesting an intermittent leave of absence (FMLA) beginning 12/03/2025 until the end of the 2025-2026 school year. Leave will be partially paid. 

Employee #6618 has requested a revision for the previous request for the approved leave of absence (FMLA) beginning 12/09/2025 and returning 03/17/2026 - New return date.  Leave will be partially paid. 

Employee #6618 has requested a leave of absence (LOA) beginning 03/17/2026 and returning the first day of the 2026-2027 school year. Leave will be unpaid. 

Employee #7075 has requested a leave of absence (FMLA) beginning 12/15/2025 and returning 01/12/2026.  Leave will be partially paid. 

Change regarding the funding source for Howell Street.  As this property is not included in our District Facility Plan, we cannot use bonding to pay for its acquisition.

February 10 ~ Parent Café for EL Families 5:00 to 7:00pm Sixth District Elementary

February 12 ~ Covington Board of Education Regular Working Meeting, 5:30pm, 25 E. 7^th Street

February 16 ~ Presidents Day ~ Schools and Offices Closed

February 26 ~ Covington Board of Education Regular Business Meeting, 5:30pm, 25 E. 7^th Street

March 13-15 ~ COSSBA Conference, Louisville

Visit EventLink.com for all athletic schedules. GO BULLDOGS!

Pursuant to KRS 61.810 (1) the Board may go into executive session.