Agenda Item
b. Tentative Budget/Revenue Budget Projections and Tentative Tax Levy for FY2025 ~ Updated 4.30.2024
Summary: Presented by: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance
Request: It is requested that the Board of Education approve the Tentative Budget/Revenue Budget Projections and Tentative Tax Levy for FY2025.
Details: The presentation includes a summary of the estimated revenues and budgeted expenditures for the major funds including the preliminary operating general fund budget, special revenue, enterprise, capital outlay funds.
Contact: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance, 678.676.0270
Status: General Counsel approval not required.
ALL FUNDS - TENTATIVE BUDGET FOR
DEKALB COUNTY BOARD OF EDUCATION
JULY 1, 2024 THROUGH JUNE 30, 2025
General Special Debt Capital Sch.
Total
(K-12) Revenue Service Outlay Nutrition
Revenues
Local Revenue $962,718,513 12,072,926 156,000,000 575,340 $1,131,366,779
Interest 12,000,000 3,000,000 15,000,000
State Funding 557,036,483 7,525,680 1,489,464 566,051,627
Federal Funding 97,564,552 79,303,931 176,868,483
Transfers and Other Local Funds 4,054,843 22,500,000 2,800,000 29,354,843
Total Revenues $1,531,754,996 $121,218,001 $0 $181,500,000 $84,168,735 $1,918,641,732
Expenditures
Instruction $881,387,912 66,998,161 $948,386,073
Pupil Services 90,148,007 14,632,065 104,780,072
Instructional Staff Training 22,258,712 12,068,240 34,326,952
Instructional Staff Services 878,079 1,117,881 1,995,960
Educational Media Services 15,495,304 196,324 15,691,628
Federal Grant Administration 2,576,571 2,576,571
General Administration 63,373,440 4,192,534 67,565,974
School Administration 68,648,198 1,373,056 70,021,254
Support Services - Business 20,845,910 194,146 21,040,056
Maintenance & Operations 250,199,492 2,447,813 6,913,790 259,561,095
Transportation 94,397,254 2,730,009 11,062,064 108,189,327
Support Services - Central 45,522,804 890,432 46,413,236
Other Support Services 1,456,914 194,936 1,651,850
School Nutrition 335,000 927,850 84,549,894 85,812,744
Enterprise Operations 1,669,000 1,604,356 3,273,356
Facilities Acquisition & Construction Services 9,073,627 251,684,489 260,758,116
Transfers to Other Funds 29,354,843 29,354,843
Agency 0
Debt Service 0
Total Expenditures $1,585,970,869 $121,218,001 $0 $269,660,344 $84,549,894 $2,061,399,107
Excess (deficiency) of revenues over expenditures (54,215,872) ($0) $0 -88,160,344 -381,159 (142,757,375)
Approved use of Assigned Fund Balance 22,500,000 22,500,000
Approved use of Unassigned Fund Balance 31,715,872 88,160,344 381,159 120,257,375
Net Change $0 ($0) $0 $0 $0 $0