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 Fin...
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