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 transfer...
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