Agenda Item
b. FY2025 General Fund Budget Amendment #1 (Not to exceed $42,683,136.97)
Summary: Presented by: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance
Request: It is requested that the Board of Education approve a budget amendment, increasing the FY2025 general fund budget by $42,683,136.97.
Why: FY2024 wrapped up and added more than $100M to the fund balance. In accordance with policy DCL, it is requested that a portion of these funds to be allocated to address needs in FY2025.
Details: It is requested that the board of education approve a budget amendment, increasing the FY2025 general fund budget by $42,683,136.97, this is comprised of:
$6,183,136.97 for various items detailed by the Division of Student Services and summarized below:
Pre-K3-Early Learning - $60,000
Exceptinal Education - $3,940,000
Gifted Instructinal Resources - $1,000,000
Gifted Assessments - $1,000,000
English Learners - $183,136.97
$15,000,000 to the district wide contingency to fund potential unforeseen and non-budgeted expenses, and
$21,500,000 as a transfer out of fund 100 and into 300, the districts generally funded capital improvement fund. This transfer is comprised of:
$15,000,000 to provide additional cash flow for capital related projects identified in the attached document “Fund 300 Project List,” and a
$6,500,000 as a transfer out to fund 300 to provide cash flow for the purchase of buildings and/or land. (In FY24 DCSD received $6,147,132.00 from GaDOE as a Maintenance of Equity Payment. These funds have not been spent are currently sitting in our fund balance.)
Financial impact: An increase to the general fund budgeted expenditures by $42,683,136.97, and an increase in revenue to the generally funded capital project fund by $21,500,000. For a breakdown of charge codes and amounts ~ refer to attached document FY25 Budget Amendment #1.
Contact: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance
Effective: November 12, 2024
Status: Attorney Approval Not Required
Fund 300 - Generally Funded Capital Projects
FY25 Starting Balance $ 26,428,273.11
General Fund Transfer $ 20,000,000.00
Currently Budgeted Projects $ (40,266,867.68) Refer to Fund 300 Project List
Additional Projects Planned Through FY26: $ (36,566,449.95) Refer to Fund 300 Project List
Kroger Administrative Space $ (6,500,000.00)
$ (36,905,044.52)
Account Debit Credit
100.5000.593000.00011.9999.9990.8010.115.0000 $ 21,500,000.00 Budget Amendment - Increase Exp Fund 100
300.0000.452000.00000.9999.9990.8010.040.0000 $ 21,500,000.00 Budget Amendment - Increase Rev Fund 300
Remaining anticipated need: $ (15,405,044.52)
Fund 100 - Division of Student Services
Account Debit Credit
Refer to Division of Student Services Budget
100.2300.561000.00011.8740.9990.8010.094.0000 $ 60,000.00 Amendment Request
100.1000.530000.00011.7340.2021.8010.094.0000 $ 158,000.00
100.1000.558000.00011.7340.2021.8010.094.0000 $ 70,000.00
100.1000.553200.00011.7340.2021.8010.094.0000 $ 400,000.00
100.2300.561600.00011.7340.9990.8010.094.0000 $ 40,000.00
100.2213.561000.00011.7340.9990.8010.094.0000 $ 20,000.00
100.2213.564200.00011.7340.2061.8010.094.0000 $ 6,000.00
100.2300.561000.00011.7340.2061.8010.094.0000 $ 5,000.00
100.2100.561000.00011.7340.2021.8010.094.0000 $ 30,000.00
100.1000.561600.00011.7340.2021.8010.094.0000 $ 25,000.00
100.1000.561500.00011.7340.2021.8010.094.0000 $ 50,000.00
100.1000.561100.00011.7340.2021.8010.094.0000 $ 3,000.00
100.1000.561000.00011.7340.2021.8010.094.0000 $ 100,000.00
100.2213.581000.00011.7340.2021.8010.094.0000 $ 20,000.00
100.2213.544100.00011.7340.2061.8010.094.0000 $ 8,000.00
100.2300.561500.00011.7340.2021.8010.094.0000 $ 5,000.00
100.2100.530000.00011.7340.2021.8010.094.0000 $ 1,500,000.00
100.2100.530000.00011.7340.2021.8010.094.0000 $ 450,000.00
100.2100.530000.00011.7340.2021.8010.094.0000 $ 500,000.00
100.2100.530000.00011.7340.2021.8010.094.0000 $ 275,000.00
100.2100.530000.00011.7340.2021.8010.094.0000 $ 100,000.00
100.2100.530000.00011.7340.2021.8010.094.0000 $ 150,000.00
100.2100.530000.00011.7340.2021.8010.094.0000 $ 25,000.00
100.1000.561000.34411.8740.9990.8010.094.0000 $ 490,000.00
100.1000.561000.34411.8740.9990.8010.094.0000 $ 500,000.00
100.1000.561000.34411.8740.9990.8010.094.0000 $ 10,000.00
100.1000.561000.34411.8740.9990.8010.094.0000 $ 240,000.00
100.1000.561000.34411.8740.9990.8010.094.0000 $ 335,000.00
100.1000.561000.34411.8740.9990.8010.094.0000 $ 312,500.00
100.1000.561000.34411.8740.9990.8010.094.0000 $ 45,000.00
100.1000.561000.34411.8740.9990.8010.094.0000 $ 67,500.00
100.2300.530000.00011.8740.9990.8010.094.0000 $ 183,136.97
$ 6,183,136.97 Budget Amendment - Increase Exp Fund 100
Fund 100 - System Wide Contingency
Account Debit Credit
100.2500.561000.00011.7200.9990.8010.050.0000 $ 15,000,000.00 Budget Amendment - Increase Exp Fund 100
Total Increase to Fund 100 $ 42,683,136.97