FY 2027 Budget

Annual projected revenues come from state education funds and local tax levies, along with some other miscellaneous receipts, fees, and reimbursements.

KCS is projected to receive $717.7 million in General Purpose revenues for FY27. The primary sources of funding include state education funds and local tax collections, supplemented by various fees, reimbursements, and miscellaneous receipts.

Major revenue streams include:

The Knox County Board of Education and the Knox County Commission approve the General Purpose Budget at several major category levels, including:

• Salaries and Wages – Annual salaries for all employees covered in the General Purpose Budget
• Payroll Taxes and Employee Benefits - The portion of taxes (FICA, etc.) and benefits (health, dental, vision, life insurance, and retirement) that KCS covers on behalf of employees
• Contracted Services - Services contracted by the district, such as bus contracting services and software needs
• Supplies and Materials - High-quality instructional materials for teacher and classroom use; utilities and other operational needs or services
• Other Uses - Charter school funding, trustee commission, and other necessary items such as workers’ compensation and professional development
• Debt Service and Capital Leases - The General Purpose burden of the district’s debt service schedule for buildings, land, and maintenance of buildings
• Capital Outlays - Security vehicles, maintenance and IT equipment, and heavy machinery

The General Purpose Fund does not include federal grant dollars. Other major funding includes federal grants for Career and Technical Education (CTE); Title I, II, III, and IV programs; and the Individuals with Disabilities Education Act (IDEA) grant–which are summarized below.

• The CTE Perkins Grant provides supplemental support for career and technical education (equipment, staff development, etc.).
• Title I programs are divided into three classes. Title I-A is for resources allocated to schools with high concentrations of economically disadvantaged students. Title I-C is for services, materials, and staff to address the needs of migratory students. Title I-D is for drop-out intervention services provided to delinquent and/or neglected students.
• Title II-A grants provide funds for general instructional support services.
• Title III grants provide funds for instructional support for English Language Learners and immigrant students.
• Title IV grants provide funds for different student support services and staff to provide those services.
• IDEA grants fund salaries for educational assistants and support personnel providing disability services as well as supplies, equipment, staff development, and early interventions related to those services. IDEA Preschool money helps pay for educational assistants, speech pathologists, assessments, and classroom supplies specifically for preschools.