Title and Board Action Requested
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Continuation of Fiscal Year 2026-2027 Proposed Tentative Budget - First Public Hearing
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Executive Summary
The Chief Financial Officer, on behalf of the Superintendent of Schools, hereby requests the Board’s approval for the 2026-2027 Proposed Tentative Budget.
The Proposed Tentative Budget for Fiscal Year 2026-2027 for all funds, including transfers, total $490,556,652, representing a decrease of $12,064,468 from the original Fiscal Year 2025-2026 budget.
General Operating Funds:
Projected General Fund revenues for Fiscal Year 2026-2027 total $241,139,228, including transfers reflecting a decrease of approximately $1.76 million compared with Fiscal Year 2025-2026.
The proposed General Fund expenditure budget is $268,904,037. Of this amount, approximately $234.26 million (87.12%) is allocated directly to schools to support instructional programs and student services. District departments providing indirect student support account for $12.69 million (4.72%), while the remaining $21.95 million (8.16%) is for fund balance and transfers.
Debt Service Funds: The proposed Debt Service budget total $10.58 million.
Capital Project Funds: The proposed Capital Projects budget is $157.77 million to support facility improvements, maintenance, and capital investments.
Special Revenue Funds: The combined Food Service and other Special Revenue Funds budget total $21.04 million.
My Contact
Joyce McIntyre
Chief Financial Officer
(352) 797-7004 Ext. 70438
Dionne Makinson
Coordinator of Finance
(352) 797-7004 Ext. 70417
2023-28 Strategic Focus Area
Priority 5: Fiscal Transparency and Capital Planning
Financial Impact
See attached budget sheet.
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.