10/12/2026
MYTH BUSTER MONDAY |
MYTH: The Other Specific Revenue Fund is a catch-all for revenues that don’t fit anywhere else.
FACT: The Other Specific Revenue Fund accounts for particular types of revenue specifically identified by state law.
The name can be misleading at first glance. North Carolina law establishes the Other Specific Revenue Fund as an accounting mechanism for designated types of funding, including reimbursements, fees for actual costs, certain sales tax revenues and refunds, restricted gifts and grants, trust funds, federal appropriations made directly to school districts, certain municipal appropriations, and funds received for prekindergarten programs.
For 2026–2027, Rutherford County Schools has budgeted $5,770,161.28 in the Other Specific Revenue Fund. As the accompanying graphic illustrates, those revenues include $2,042,397.95 in local and other revenues (35.4%), $1,987,495.33 in federal revenues (34.4%), and $1,740,268.00 in state revenues (30.2%).
What defines this fund, then, is not simply that its revenues come from sources other than the district’s primary state and local operating funds. Rather, state law specifies the kinds of revenues that may be accounted for here, and those revenues carry particular purposes, restrictions, or conditions governing their use