Title and Board Action Requested
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Approve Fiscal Year 2025-2026 Budget Amendment No. 3 for Quarter Ending March 31, 2026
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Executive Summary
The Chief Financial Officer, on behalf of the Superintendent of Schools, hereby requests the Board’s approval for Fiscal Year 2025-2026 Budget Amendment No. 3 for the Quarter Ending March 31, 2026.
Section 1011.06, Florida Statutes, requires that amendments to the original budget be brought to the Board for approval.
Attached is the third budget amendment for Fiscal Year 2025-2026 for Quarter Ending March 31, 2026. This amendment is certified to be correct by the Finance Department.
• General Fund
Estimated revenues were adjusted based on collections received during the quarter. Federal through State and Local Sources decreased by $52,255. State FEFP revenue increased overall $1,643,151 in the 3rd Calculation, primarily due to higher student enrollment reported in Survey 2. Compared to the second calculation, the District’s unweighted FTE increased by 313.80 students, and the weighted FTE increased by 347.55 students.
Several notable FEFP categorical increases include Transportation, which rose by $728,000, and the ESE Guaranteed Allocation, which increased by $509,000. Additional increases were recognized in Educational Enrichment, Safe Schools, Mental Health, Academic Acceleration, and DJJ Supplemental allocations.
These increases were partially offset by adjustments related to the Family Empowerment Scholarship (FES) Program. The FES adjustment increased by approximately $2.27 million; however, when combined with the corresponding increase in the State Funded Discretionary Supplement, the net impact was approximately $2.11 million.
Miscellaneous local revenue increased by $184,684 based on actual collections. This increase consisted of facility rental fees ($29,716), adult education fees ($13,650), fingerprinting fees ($71,058), eRate reimbursements ($70,096), and printing services ($164).
Other Financing Sources increased $59,666 for collections for the Juul Settlement.
Appropriations were amended to reflect the salary and fringe increases for HUSW and Confidential employees that was Board approved on December 9, 2025. Appropriations were also increased for supplemental pay authorized by the Board on the same date.
In January, a contract payoff analysis was completed to identify remaining contract balances for all active employees, including adjustments for previously vacant positions that have since been filled.
In addition, a proactive approach was taken in developing the 2025-2026 budget by increasing the Family Empowerment appropriation by $2.4 million over the previous year to address a potential increase in FES reductions. Based on the October survey, the increase exceeded the appropriation by approximately $2.11 million; therefore, a budget adjustment was made to maintain a balanced budget.
The estimated ending fund balance is $14,683,886 (6.15% of General Fund revenues), including $1,322,657 in non-spendable inventory reserves, and $1,458,816 assigned for Health Insurance/Rebates, Profit Sharing, and Wellness. The unassigned fund balance is $11,902,413 (4.99% of General Fund revenues).
Debt Service:
Estimated revenues were adjusted based on interest income received during the quarter.
There were no changes to appropriations during the third quarter.
• Capital Projects:
Estimated revenues increased by a total of $1,229,434 based on actual collections from Half-Cent Sales Tax ($824,250), interest earnings ($46,683), and impact fees ($358,501).
Estimated appropriations were adjusted to reflect transfers between objects and Board approved capital projects during the quarter. The Charter Schools Local Capital Improvement budget increased by $89,237. Transfers out increased $1,256,457 due to the change in funding source from the General Fund to Capital Projects for the annual bus lease payment.
• Food Service:
Estimated revenues increased by $16,297 based on cash collections received for student lunches. Appropriations were increased for the replacement and installation of kitchen equipment at various schools.
• Special Revenue:
Revenues increased by a total of $519,072 based on collections from the Perkins Grant ($64,870), Title III ($704), and Title IV Student Support ($6,793). Miscellaneous Federal through State revenues increased by $465,360 related to the Florida Charter School Program grant.
• Special Revenue - ESSER:
There were no adjustments to revenues or appropriations during the quarter.
My Contact
Joyce McIntyre
Chief Financial Officer
(352) 797-7004 Ext. 70-438
2023-28 Strategic Focus Area
Priority 5: Fiscal Transparency and Capital Planning
Financial Impact
As per Budget Amendment Detail.
If expenditure is not currently budgeted, this will serve as the budget amendment when Board approved. If the agenda item includes the purchase of goods or services, the funds requested are an anticipated amount and may fluctuate depending on such factors as current market conditions, product availability, additional funding sources, and the needs of the District. Should the actual cost exceed the anticipated amount, the Board approves the additional cost, after review by the superintendent, but not in excess of the funds available in the site’s approved annual budget.