Title and Board Action Requested
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Continuation of Fiscal Year 2025-2026 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 2025-2026 Proposed Tentative Budget.
The Tentative Budget for Fiscal Year 2025-2026 for all funds, including transfers and other financing sources, total $502,621,120, reflecting an increase of $4,917,680 compared to the original budget for Fiscal Year 2024- 2025.
General Operating Funds:
Projected General Fund revenues for Fiscal Year 2025-2026 are $242,897,237 representing an increase of approximately $4.04 million over Fiscal Year 2024-2025.
The General Fund expenditure budget for Fiscal Year 2025-2026 is $276,451,380. Of that $228.2 million or 83% is appropriated directly to schools. District departments that provide indirect student support are $13.67 million or 5% of the General Fund budget. The remaining $34.49 million or 12% is for fund balance and transfers out.
Debt Service Funds: The Debt Service Funds budget is $10.2 million.
Capital Project Funds: The Capital Project Funds budget is $165.86 million.
Special Revenue Funds: The combined Food Service and other Special Revenue Funds budget is $50.08 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
2025-2026 Tentative Budget for all funds (including transfers and other financing sources) for the Hernando County School District is $502,621,120
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 a...
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