Monthly Financial
Report
January 31, 2025
FISCAL YEAR 2025
DeKalb County School District
Byron Schueneman, Chief Financial Officer
Page 1
Table of Contents
KEY PERFORMANCE INDICATORS 3
BALANCE SHEET 8
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 9
SRECFB - BUDGET TO ACTUAL 10
Page 2
Key Performance Indicators
General Fund Revenues
General Fund Revenues - Collected Year to
Date vs. Budgeted
YTD Budgeted Revenues YTD Actual Revenues
$1,800
MILLIONS
$1,600
$1,400 …
$1,200
$1,000
$800
$600
$400
$200
$- ch
r
ril
ay
ly
ne
y
r
r
r
y
st
be
be
be
be
ar
ar
Ju
gu
Ap
M
ar
Ju
ru
nu
m
m
m
to
Au
M
b
ce
ve
te
Oc
Ja
Fe
p
De
No
Se
Amount Collected Percentage of Budget
Actual $1.19B 76.7%
Benchmark $1.10B 76.5%
Difference $16.1M 0.2%
Page 3
Source Year To Date Mix Total % Collected
Local & Other $907.6M 76.3% 94.1%
State $282.6M 23.7% 50.4%
Total $1.19B 100%
Page 4
General Fund Expenses
General Fund Expenses - Spent YTD vs.
Budgeted
YTD Budget Expenses YTD Actual
$1,800
MILLIONS
$1,600
$1,400
$1,200
$1,000
$800
$600
$400
$200
$-
r
ay
ly
ne
y
r
r
ch
r
y
st
ril
be
be
be
be
ar
ar
Ju
gu
Ap
M
ar
Ju
ru
nu
m
m
m
to
Au
M
b
ce
ve
te
Oc
Ja
Fe
p
De
No
Se
Amount Spent Percentage of Budget
Actual + Transfer Out $865.7 52.3%
Benchmark $877.2 53.1%
Difference $11.5M .8%
Page 5
Significant Functions Amount Spent Percentage of Total Spend
Instruction $470.2 54.3%
M&O $107.1M 12.4%
School Admin $50.3M 5.8%
Page 6
Fund Balance
FUND BALANCE
ACTUAL FY24 FB% ACTUAL FY25 FB% COMMITTED RESERVE
60.00%
50.9%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
r
r
ch
r
r
y
st
ril
ay
ly
ne
y
be
be
be
be
ar
ar
Ju
gu
Ap
M
ar
Ju
nu
ru
m
m
to
m
Au
M
b
ve
te
ce
Oc
Ja
Fe
p
De
No
Se
FY25 Fund Balance FY25 % FY24%
Nonspendable $1.0M
Committed (15%) $240.5M 15% 15%
Unassigned $600.8M 35.9% 34.8%
Total $842.3M 50.9%
Page 7
DEKALB COUNTY BOARD OF EDUCATION
Balance Sheet
Governmental Funds
January 31, 2025
NONMAJOR TOTAL
CAPITAL PROJECTS SCHOOL NUTRITION GOVERNMENTAL GOVERNMENTAL
GENERAL FUND FUND DEBT SERVICE FUND FUND FUNDS FUNDS
Assets
Cash and Cash Equivalents $ 964,289,007 $ 637,946,467 $ - $ 25,390,244 $ (7,260,836) $ 1,620,364,882
Receivable, Net:
Taxes 1,051,801 - - - - 1,051,801
State Government 38,528,636 - - - - 38,528,636
Federal Government 1,716,360 - - 210,554 24,980,222 26,907,136
Local - - - - 3,143 3,143
Other 3,685 - - 11,490 5,700 20,875
Inventories 1,017,939 - - 570,724 - 1,588,664
Total assets and deferred outflows of resources $ 1,006,607,429 $ 637,946,467 $ - $ 26,183,012 $ 17,728,229 $ 1,688,465,137
Liabilities
Accounts Payable $ 8,655,919 $ 627,531 $ - $ 707,251 $ 125,187 $ 10,115,888
Salaries & Benefits Payable 79,669,994 - - - 48,167 79,718,161
Payroll Withholdings Payable 75,944,278 - - - - 75,944,278
Total liabilities 164,270,191 627,531 - 707,251 173,354 165,778,327
Total liabilities and deferred inflows of resources 164,270,191 627,531 - 707,251 173,354 165,778,327
FUND BALANCES
Nonspendable
Inventories $ 1,017,939 $ - $ - $ 570,724 $ - $ 1,588,664
Restricted
Capital Projects - 604,699,902 - - - 604,699,902
Continuation of Grant Programs - - - 24,905,037 9,100,748 34,005,785
Committed
Reserve 240,466,839 - - - - 240,466,839
Assigned
Capital Projects - 32,619,034 - - - 32,619,034
Student Activity Accounts - - - - 8,454,127 8,454,127
Unassigned
600,852,460 - - - - 600,852,460
Total fund balances 842,337,238 637,318,936 - 25,475,761 17,554,876 1,522,686,811
Total Liabilities, Deferred Inflows
of Resources, and Fund Balances $ 1,006,607,429 $ 637,946,467 $ - $ 26,183,012 $ 17,728,229 $ 1,688,465,137
The notes to financial statements are an integral part of this statement.
Page 8
DEKALB COUNTY BOARD OF EDUCATION
Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds
January 31, 2025
TOTAL
CAPITAL PROJECTS SCHOOL NUTRITION NONMAJOR GOVERNMENTAL
GENERAL FUND FUND DEBT SERVICE FUND FUND GOVERNMENTAL FUND FUNDS
REVENUES
Property Taxes $ 891,000,054 $ - $ - $ - $ - $ 891,000,054
Sales Taxes 1,418,652 79,510,348 - - - 80,929,000
State Funds 282,560,485 - - 781,044 13,515,318 296,856,847
Federal Funds - - - 30,017,448 131,522,109 161,539,557
Charges for Services 899,481 - - 210,089 2,794,606 3,904,176
Investment Earnings 13,938,660 17,417,342 - - 9,103 31,365,105
Miscellaneous 1,118,967 97,405 - 1,107,595 8,500,623 10,824,590
Total revenues 1,190,936,300 97,025,095 - 32,116,176 156,341,759 1,476,419,329
EXPENDITURES
Current:
Instruction 470,234,775 2,520,980 - - 76,727,982 549,483,737
Pupil Services 47,665,041 - - - 19,520,871 67,185,912
Improvement of Instructional Services 9,965,039 4,732,125 - - 2,160,493 16,857,658
Instructional Staff Training 132,906 - - - 15,720,053 15,852,959
Educational Media Services 10,969,340 - - - 433,846 11,403,186
Federal Grant Administration - - - - 2,684,484 2,684,484
General Administration 39,961,343 - - - 1,229,125 41,190,469
School Administration 50,339,550 - - - 1,583,241 51,922,791
Support Services - Business 12,446,839 - - - 397,499 12,844,338
Maintenance And Operation 107,113,472 875,304 - - 6,229,621 114,218,397
School Safety And Security 940,911 - - - - 940,911
Student Transportation Service 39,218,173 1,859,717 - - 2,217,489 43,295,379
Support Services - Central 32,388,916 1,853,058 - - 1,216,524 35,458,498
Other Support Services 1,311,428 - - - 342,499 1,653,928
School Nutrition Program - - - 35,449,894 1,190,292 36,640,187
Enterprise Operations 499,747 - - - 1,942,506 2,442,253
Capital Outlays:
Facilities Acquistion & Construction - 109,067,882 - - 20,012,107 129,079,989
Total expenditures 823,187,481 120,909,066 - 35,449,894 153,608,634 1,133,155,075
Excess (deficiency) of revenues over expenditures 367,748,818 (23,883,971) - (3,333,718) 2,733,125 343,264,254
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds 25,708,382 41,500,000 - 464,659 1,251,828 68,924,869
Operating Transfers To Other Funds (42,552,522) - - - (26,372,346) (68,924,869)
Sale or Compensation for the Loss of Capital Assets 129,340 1,062,862 - - - 1,192,202
Total other financing sources (uses) (16,714,800) 42,562,862 - 464,659 (25,120,518) 1,192,202
Net change in fund balances 351,034,018 18,678,891 - (2,869,060) (22,387,393) 344,456,456
Fund balances - beginning $ 491,303,220 $ 618,640,045 $ - $ 28,344,821 $ 39,942,269 $ 1,178,230,355
Fund balances - ending $ 842,337,238 $ 637,318,936 $ - $ 25,475,761 $ 17,554,876 $ 1,522,686,811
The notes to financial statements are an integral part of this statement.
Page 9
DEKALB COUNTY BOARD OF EDUCATION
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
All major fund types
January 31, 2025
With Comparative Totals for June 30, 2024
GENERAL FUND
Variance with Final
Orig Budget Final Budget Actual 2025 Budget Actual 2024
REVENUES
Property Taxes $ 956,268,398 $ 956,268,398 $ 891,000,054 $ (65,268,344) $ 889,255,821
Sales Taxes 6,500,000 6,500,000 1,418,652 (5,081,348) 8,791,707
State Funds 559,830,156 560,327,715 282,560,485 (277,767,230) 543,579,132
Federal Funds - 7,075,000 - (7,075,000) 6,147,132
Charges for Services 775,000 775,000 899,481 124,481 1,149,597
Investment Earnings 15,000,000 15,000,000 13,938,660 (1,061,340) 23,475,344
Miscellaneous 6,730,000 6,730,000 1,118,967 (5,611,033) 8,241,453
Operating Transfers From Other Funds - - - - 2,048,024
Sale or Compensation for the Loss of Capital Assets - - - - 214,735
Other Source - - - - (2,728)
Total revenues 1,545,103,554 1,552,676,113 1,190,936,300 (361,739,813) 1,482,900,217
EXPENDITURES
Current:
Instruction 881,281,747 879,731,384 470,234,775 409,496,609 837,200,925
Pupil Services 93,144,658 89,248,257 47,665,041 41,583,216 82,513,368
Improvement of Instructional Services 23,374,032 23,574,642 9,965,039 13,609,602 15,399,776
Instructional Staff Training 659,975 833,327 132,906 700,421 228,132
Educational Media Services 16,287,855 18,124,378 10,969,340 7,155,038 17,317,681
Federal Grant Administration - - - - 24,693
General Administration 63,620,259 78,103,343 39,961,343 38,142,000 46,581,376
School Administration 71,833,296 71,818,920 50,339,550 21,479,370 81,839,359
Support Services - Business 21,718,627 23,366,898 12,446,839 10,920,059 16,495,984
Maintenance And Operation 261,530,763 257,559,168 107,113,472 150,445,696 156,124,109
School Safety And Security - - 940,911 (940,911) 1,432
Student Transportation Service 95,740,171 106,490,349 39,218,173 67,272,176 73,161,729
Support Services - Central 43,721,315 56,417,557 32,388,916 24,028,641 32,867,579
Other Support Services 1,492,693 1,566,299 1,311,428 254,871 1,327,295
School Nutrition Program 351,273 351,273 - 351,273 324,927
Enterprise Operations 1,502,100 802,100 499,747 302,353 549,586
Facilities Acquistion & Construction - - - - -
Other Outlays - - - - 17,132,215
Debt Service - - - - -
Total current 1,576,258,765 1,607,987,895 823,187,481 784,800,414 1,379,090,165
Total expenditures 1,576,258,765 1,607,987,895 823,187,481 784,800,414 1,379,090,165
Excess (deficiency) of revenues over
expenditures (31,155,211) (55,311,782) 367,748,818 423,060,600 103,810,052
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - - 25,708,382 25,708,382 -
Operating Transfers To Other Funds (26,854,843) (48,354,843) (42,552,522) 5,802,321 -
Sale or Compensation for the Loss of Capital Assets - - 129,340 129,340 -
Total other financing sources (uses) (26,854,843) (48,354,843) (16,714,800) 31,640,043 -
Net change in fund balances (58,010,054) (103,666,625) 351,034,018 454,700,643 103,810,052
Fund balances - beginning, as previously reported 491,303,220 491,303,220 491,303,220 - 387,493,167
YEC Fund Clean-up - - - - -
Fund balances - beginning as restated 491,303,220 491,303,220 491,303,220 - 387,493,167
Fund balance - ending $ 433,293,166 $ 387,636,595 $ 842,337,238 $ 454,700,643 $ 491,303,220
Page 10
DEKALB COUNTY BOARD OF EDUCATION
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
All major fund types
January 31, 2025
With Comparative Totals for June 30, 2024
CAPITAL PROJECTS FUND
Variance with Final
Orig Budget Final Budget Actual 2025 Budget Actual 2024
REVENUES
Property Taxes $ - $ - $ - $ - $ -
Sales Taxes 429,000,000 429,000,000 79,510,348 (349,489,652) 150,986,248
State Funds - - - - 1,117,376
Federal Funds - - - - -
Charges for Services - - - - -
Investment Earnings 2,800,000 2,800,000 17,417,342 14,617,342 29,584,457
Miscellaneous - - 97,405 97,405 433,945
Operating Transfers From Other Funds - - - - 178,811,066
Sale or Compensation for the Loss of Capital Assets - - - - -
Other Source - - - - -
Total revenues 431,800,000 431,800,000 97,025,095 (334,774,905) 360,933,092
EXPENDITURES
Current:
Instruction - - 2,520,980 (2,520,980) 1,037,108
Pupil Services - - - - -
Improvement of Instructional Services - 17,000,000 4,732,125 12,267,875 2,030,216
Instructional Staff Training - - - - -
Educational Media Services - - - - -
Federal Grant Administration - - - - -
General Administration - - - - -
School Administration - - - - -
Support Services - Business - - - - -
Maintenance And Operation 10,045,882 10,993,914 875,304 10,118,610 782,736
School Safety And Security - - - - -
Student Transportation Service 1,000,000 723,685 1,859,717 (1,136,032) -
Support Services - Central 18,050,000 18,050,000 1,853,058 16,196,942 3,121,064
Other Support Services - - - - -
School Nutrition Program - - - - -
Enterprise Operations - - - - -
Facilities Acquistion & Construction 1,508,225,978 1,432,973,123 109,067,882 1,323,905,241 60,555,810
Other Outlays - - - - 178,763,461
Debt Service 5,572,080 5,572,080 - 5,572,080 5,810,913
Total current 1,542,893,940 1,485,312,802 120,909,066 1,364,403,736 252,101,308
Total expenditures 1,542,893,940 1,485,312,802 120,909,066 1,364,403,736 252,101,308
Excess (deficiency) of revenues over
expenditures (1,111,093,940) (1,053,512,802) (23,883,971) 1,029,628,831 108,831,784
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - - 41,500,000 41,500,000 -
Operating Transfers To Other Funds (83,403,442) (83,403,442) - 83,403,442 -
Sale or Compensation for the Loss of Capital Assets - - 1,062,862 1,062,862 -
Total other financing sources (uses) (83,403,442) (83,403,442) 42,562,862 125,966,304 -
Net change in fund balances (1,194,497,382) (1,136,916,244) 18,678,891 1,155,595,135 108,831,784
Fund balances - beginning, as previously reported 618,640,045 618,640,045 618,640,045 - 509,808,261
YEC Fund Clean-up - - - - -
Fund balances - beginning as restated 618,640,045 618,640,045 618,640,045 - 509,808,261
Fund balance - ending $ (575,857,337) $ (518,276,199) $ 637,318,936 $ 1,155,595,135 $ 618,640,045
Page 11
DEKALB COUNTY BOARD OF EDUCATION
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
All major fund types
January 31, 2025
With Comparative Totals for June 30, 2024
SCHOOL NUTRITION FUND
Variance with Final
Orig Budget Final Budget Actual 2025 Budget Actual 2024
REVENUES
Property Taxes $ - $ - $ - $ - $ -
Sales Taxes - - - - -
State Funds - - 781,044 781,044 1,366,046
Federal Funds 11,794,465 16,805,190 30,017,448 13,212,257 57,563,523
Charges for Services 69,017,224 69,017,224 210,089 (68,807,135) 707,431
Investment Earnings - - - - 129,540
Miscellaneous 557,046 557,046 1,107,595 550,549 2,286,294
Operating Transfers From Other Funds - - - - -
Sale or Compensation for the Loss of Capital Assets - - - - -
Other Source - - - - -
Total revenues 81,368,735 86,379,460 32,116,176 (54,263,284) 62,052,834
EXPENDITURES
Current:
Instruction - - - - -
Pupil Services - - - - -
Improvement of Instructional Services - - - - -
Instructional Staff Training - - - - -
Educational Media Services - - - - -
Federal Grant Administration - - - - -
General Administration - - - - -
School Administration - - - - -
Support Services - Business - - - - -
Maintenance And Operation - - - - -
School Safety And Security - - - - -
Student Transportation Service - - - - -
Support Services - Central - - - - -
Other Support Services - - - - -
School Nutrition Program 84,549,894 89,560,619 35,449,894 54,110,725 62,299,432
Enterprise Operations - - - - -
Facilities Acquistion & Construction - - - - -
Other Outlays - - - - -
Debt Service - - - - -
Total current 84,549,894 89,560,619 35,449,894 54,110,725 62,299,432
Total expenditures 84,549,894 89,560,619 35,449,894 54,110,725 62,299,432
Excess (deficiency) of revenues over
expenditures (3,181,159) (3,181,159) (3,333,718) (152,560) (246,597)
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - - 464,659 464,659 -
Operating Transfers To Other Funds - - - - -
Sale or Compensation for the Loss of Capital Assets - - - - -
Total other financing sources (uses) - - 464,659 464,659 -
Net change in fund balances (3,181,159) (3,181,159) (2,869,060) 312,099 (246,597)
Fund balances - beginning, as previously reported 28,344,821 28,344,821 28,344,821 - 28,591,418
YEC Fund Clean-up - - - - -
Fund balances - beginning as restated 28,344,821 28,344,821 28,344,821 - 28,591,418
Fund balance - ending $ 25,163,662 $ 25,163,662 $ 25,475,761 $ 312,099 $ 28,344,821
Page 12
DEKALB COUNTY BOARD OF EDUCATION
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
All major fund types
January 31, 2025
With Comparative Totals for June 30, 2024
NONMAJOR GOVERNMENTAL FUNDS
Variance with Final
Orig Budget Final Budget Actual 2025 Budget Actual 2024
REVENUES
Property Taxes $ - $ - $ - $ - $ -
Sales Taxes - - - - -
State Funds - 19,272,572 13,515,318 (5,757,255) 17,612,162
Federal Funds 347,152,928 665,896,989 131,522,109 (534,374,879) 208,965,796
Charges for Services - - 2,794,606 2,794,606 1,047,733
Investment Earnings - - 9,103 9,103 16,265
Miscellaneous 217,466 8,574,775 8,500,623 (74,152) 30,492,239
Operating Transfers From Other Funds - - - - 17,862,011
Sale or Compensation for the Loss of Capital Assets - - - - -
Other Source - - - - -
Total revenues 347,370,394 693,744,336 156,341,759 (537,402,577) 275,996,206
EXPENDITURES
Current:
Instruction 72,508,389 255,628,025 76,727,982 178,900,042 122,169,333
Pupil Services 28,732,312 50,070,804 19,520,871 30,549,933 33,215,100
Improvement of Instructional Services 26,155,378 5,535,213 2,160,493 3,374,720 2,221,016
Instructional Staff Training 28,687,656 62,779,974 15,720,053 47,059,920 29,270,424
Educational Media Services 2,874,200 3,198,016 433,846 2,764,170 346,123
Federal Grant Administration (4,405,990) 5,336,671 2,684,484 2,652,187 4,603,737
General Administration 51,356,965 51,639,397 1,229,125 50,410,272 8,069,228
School Administration 27,692,395 6,378,979 1,583,241 4,795,738 3,794,076
Support Services - Business 26,109,645 279,506 397,499 (117,993) 772,535
Maintenance And Operation 75,283,442 59,604,484 6,229,621 53,374,864 6,705,646
School Safety And Security - - - - -
Student Transportation Service 27,445,095 30,640,129 2,217,489 28,422,641 6,921,163
Support Services - Central 80,181,515 5,469,524 1,216,524 4,253,000 2,387,066
Other Support Services - 150,902 342,499 (191,598) 467,791
School Nutrition Program 53,744,641 21,738,881 1,190,292 20,548,588 1,644,960
Enterprise Operations 4,354,000 4,374,000 1,942,506 2,431,494 5,678,161
Facilities Acquistion & Construction 158,786,775 141,721,195 20,012,107 121,709,088 20,155,071
Other Outlays - - - - 2,778,469
Debt Service - - - - -
Total current 659,506,418 704,545,701 153,608,634 550,937,067 251,199,898
Total expenditures 659,506,418 704,545,701 153,608,634 550,937,067 251,199,898
Excess (deficiency) of revenues over
expenditures (312,136,024) (10,801,365) 2,733,125 13,534,490 24,796,308
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds 4,424,000 4,676,221 1,251,828 (3,424,393) -
Operating Transfers To Other Funds - (633,100) (26,372,346) (25,739,246) -
Sale or Compensation for the Loss of Capital Assets - - - - -
Total other financing sources (uses) 4,424,000 4,043,121 (25,120,518) (29,163,640) -
Net change in fund balances (307,712,024) (6,758,244) (22,387,393) (15,629,150) 24,796,308
Fund balances - beginning, as previously reported 39,942,269 39,942,269 39,942,269 - 18,907,407
YEC Fund Clean-up - - - - -
Fund balances - beginning as restated 39,942,269 39,942,269 39,942,269 - 18,907,407
Fund balance - ending $ (267,769,755) $ 33,184,025 $ 17,554,876 $ (15,629,150) $ 43,703,715
Page 13