Title and Board Action Requested
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Approve Fiscal Year 2025-2026 Budget Amendment No. 2 for the Quarter Ending December 31, 2025.
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Executive Summary
The Chief Financial Officer, on behalf of the Superintendent of Schools, hereby requests Board approval of Budget Amendment No. 2 for the quarter ending December 31, 2025, in accordance with Section 1011.06, Florida Statutes, which requires Board approval of amendments to the original budget.
The attached amendment represents the second budget amendment for Fiscal Year 2025-2026, certified as accurate by the Finance Department
General Fund:
Estimated revenues were adjusted to reflect actual collections for the quarter. State revenue increased by $1,085,403 due to the Workforce Capitalization Grant. Local revenues increased by $54,619 from miscellaneous local sources.
Appropriations were amended to reflect additional revenues and transfers between functions and object codes.
The estimated ending fund balance is $16,928,607 (7.14% of General Fund revenues),including $1,322,657 in non-spendable inventory reserves and $2,414,660 assigned for Health Insurance/Rebates, Profit Sharing, and Wellness. The unassigned ending fund balance is $13,191,289 (5.57% of General Fund revenues).
Debt Service:
Estimated revenues increased by $11,444 due to interest income received during the quarter. No appropriation adjustments were made during this quarter.
Capital Projects:
State revenue increased by $967,168 for Specific Appropriation 23A - Hurricane Shelter Generator. Local revenues increased by $4,340 from tax redemptions and $8,357 from interest income.
Appropriations were amended to reflect the additional hurricane generator funding and operational transfers between object codes.
Food Service:
Miscellaneous local revenue increased by $11,915 from prepaid credit card collections for food sales at all sites. No appropriation adjustments were made during this quarter.
Special Revenue:
Federal-through-State revenues increased as a result of the newly awarded Comprehensive Support Grant and adjustments to existing grant awards. The revised grant allocations are as follows:
• Improving Teacher Quality Grant - Title II: $ 69,069
• Individuals with Disabilities Act (IDEA): $462,507
• Elementary & Secondary Education Act - Title I: $65,753
• Language Instruction - Title III: $25,541
• Comprehensive Support Grant: $476,097
Appropriations were increased in accordance with the approved grant applications.
Special Revenue - ESSER III:
No adjustments were made during this 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.