Title and Board Action Requested
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Continuation of the Fiscal Year 2025-2026 Final Proposed Budget - Final 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 of the 2025-2026 Final Budget .
The 2025-2026 Final Budget for all funds (including other financing sources and transfers) is $511.5 million, an increase of $9.9 million more than the final 2024-2025 budget.
General Operating Funds:
The General Fund Budget for Fiscal Year 2025-2026 is $279.58 million. Of that, $230.36 million or 82.39% is appropriated directly to schools. District departments that indirectly affect students account for $13.68 million or 4.89% of the General Fund budget. The remaining $35.54 million or 12.71% is for fund balance and transfers.
Debt Service Funds:
The Debt Service funds budget is $10.56 million. Debt Service revenues and transfers decreased $7.43 million over the previous fiscal year.
Capital Project Funds:
The Capital Project funds budget is $169.20 million. The total revenues are projected to increase $339,739 over the previous year. At year end, unspent encumbrances were closed and have been re-opened in 2025-2026. We assigned the carry forward balance of $28.66 million for these purchase orders.
Food Service Funds:
The Food Service fund budget is $30.89 million which is a decrease of $81,513 from the previous year.
Special Revenue Funds:
The Special Revenue fund budget is $21.26 million, which is $5.22 million over the previous fiscal year. The revenue in this fund reflects new Federal Entitlement grants and the 2024-2025 roll forward grant amounts.
My Contact
Joyce McIntyre
Chief Financial Officer
(352) 797-7004 Ext. 70-438
Dionne Makinson
Coordinator of Finance
(352) 797-7004 Ext. 70-417
2023-28 Strategic Focus Area
Priority 5: Fiscal Transparency and Capital Planning
Financial Impact
2025-2026 Final Budget for all funds (including transfers) for the Hernando County School District is $511,506,763
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.