Monthly Financial
Report
February 28, 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
GF Revenue - Budget to Actual
$1,800,000,000
$1,600,000,000
$1,257,208,023
$1,400,000,000
$1,200,000,000
$1,000,000,000
$800,000,000
$600,000,000
$400,000,000
$200,000,000
$-
r
ch
r
ril
ay
ly
ne
y
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
ve
ce
te
Oc
Ja
Fe
p
De
No
Se
Budget Actual
Amount Collected Percentage of Budget
Actual $1.26B 80.88%
Benchmark $1.26B 81.03%
Difference $0 0.14%
Revenue Mix
1.59% Other 53.13%
26.69%
Local 94.28%
71.71%
State 59.89%
0.00% 20.00% 40.00% 60.00% 80.00% 100.00%
State Local Other Received Remaining
Page 3
General Fund Expenses
GF Expense - Budget to Actual
$1,800,000,000.00
$1,600,000,000.00
$1,400,000,000.00
$1,010,002,863.00
$1,200,000,000.00
$1,000,000,000.00
$800,000,000.00
$600,000,000.00
$400,000,000.00
$200,000,000.00
$-
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
Budget Actual
Amount Spent Percentage of Budget
Actual + Transfer Out $1.01B 61.5%
Benchmark $1.03B 62.3%
Difference $17.2M .8%
Significant Functions Amount Spent Percentage of Total Spend
Instruction $560.2M 55.5%
M&O $120.5M 11.9%
School Admin $58.2M 5.8%
Page 4
GF Budget Utilization by Function
Capital Outlay
Enterprise Operations 79.5%
School Nutrition Program 0.0%
Other Support Services 125.6%
Support Services - Central 62.0%
Student Transportation Service 44.4%
School Safety and Security
Maintenance and Operations 46.6%
Support Services - Business 62.8%
School Administration 81.0%
General Administration 55.5%
Federal Grant Administration
Educational Media Services 71.4%
Instructional Staff Training 20.9%
Improvement of Instructional Services 47.6%
Pupil Services 67.2%
Instruction 63.7%
0.0% 25.0% 50.0% 75.0% 100.0%
Expended Available
Page 5
Fund Balance
Fund Balance - FY24 to FY25
60%
47.7%
50%
40%
30%
20%
10%
0%
r
r
ch
r
r
y
st
ril
ay
ne
ly
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
Assigned Reserve FY2024 FY2025
FY25 Fund Balance FY25 % FY24%
Nonspendable $1.0M
Committed (15%) $240.5M 15% 15%
Unassigned $523.0M 32.7% 30.9%
Total $764.5M 47.7%
Page 6
DEKALB COUNTY BOARD OF EDUCATION
Balance Sheet
Governmental Funds
February 28, 2025
NONMAJOR TOTAL
CAPITAL PROJECTS SCHOOL NUTRITION GOVERNMENTAL GOVERNMENTAL
GENERAL FUND FUND DEBT SERVICE FUND FUND FUNDS FUNDS
Assets
Cash and Cash Equivalents $ 859,710,649 $ 641,620,433 $ - $ 26,256,809 $ (8,330,128) $ 1,519,257,764
Receivable, Net
State Government 46,234,363 - - - 40,896 46,275,259
Federal Government 1,716,360 - - 210,554 26,395,962 28,322,876
Local - - - - 3,143 3,143
Other 3,685 - - 3,090 5,700 12,475
Inventories 1,017,939 - - 570,724 - 1,588,664
Total assets and deferred outflows of resources $ 908,682,997 $ 641,620,433 $ - $ 27,041,177 $ 18,115,573 $ 1,595,460,181
Liabilities
Accounts Payable $ 9,310,462 $ 1,642,147 $ - $ - $ 170,317 $ 11,122,926
Salaries & Benefits Payable 96,191,411 - - 2,062,516 48,167 98,302,094
Payroll Withholdings Payable 38,648,616 - - - - 38,648,616
Total liabilities 144,150,489 1,642,147 - 2,062,516 218,484 148,073,635
Total liabilities and deferred inflows of resources 144,150,489 1,642,147 - 2,062,516 218,484 148,073,635
FUND BALANCES
Nonspendable
Inventories $ 1,017,939 $ - $ - $ 570,724 $ - $ 1,588,664
Restricted
Capital Projects - 607,510,601 - - - 607,510,601
Continuation of Grant Programs - - - 24,407,937 9,424,781 33,832,717
Committed
Reserve 240,466,839 - - - - 240,466,839
Assigned
Capital Projects - 32,467,685 - - - 32,467,685
Student Activity Accounts - - - - 8,472,309 8,472,309
Unassigned
523,047,731 - - - - 523,047,731
Total fund balances 764,532,509 639,978,286 - 24,978,661 17,897,090 1,447,386,546
Total Liabilities, Deferred Inflows
of Resources, and Fund Balances $ 908,682,997 $ 641,620,433 $ - $ 27,041,177 $ 18,115,573 $ 1,595,460,181
The notes to financial statements are an integral part of this statement.
Page 7
DEKALB COUNTY BOARD OF EDUCATION
Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds
For the Period Ended February 28, 2025
NONMAJOR TOTAL
CAPITAL PROJECTS SCHOOL NUTRITION GOVERNMENTAL GOVERNMENTAL
GENERAL FUND FUND DEBT SERVICE FUND FUND FUNDS FUNDS
REVENUES
Property Taxes $ 901,573,643 $ - $ - $ - $ - $ 901,573,643
Sales Taxes 1,418,652 91,493,091 - - - 92,911,744
State Funds 335,589,202 - - 916,361 16,465,068 352,970,631
Federal Funds - - - 34,634,958 136,675,880 171,310,837
Charges for Services 924,781 - - 353,047 3,432,076 4,709,905
Investment Earnings 16,579,588 19,564,836 - - 10,189 36,154,612
Miscellaneous 1,122,157 97,405 - 1,200,229 9,220,597 11,640,388
Total revenues 1,257,208,023 111,155,332 - 37,104,595 165,803,809 1,571,271,759
EXPENDITURES
Current
Instruction 560,215,219 2,695,999 - - 82,605,903 645,517,121
Pupil Services 60,017,119 - - - 19,444,518 79,461,637
Improvement of Instructional Services 11,768,845 5,441,136 - - 2,343,164 19,553,145
Instructional Staff Training 173,122 - - - 18,054,483 18,227,605
Educational Media Services 12,937,413 - - - 433,846 13,371,259
Federal Grant Administration - - - - 2,949,234 2,949,234
General Administration 42,807,920 - - - 1,423,148 44,231,069
School Administration 58,175,769 - - - 1,644,883 59,820,652
Support Services - Business 14,661,585 - - 4,825 416,760 15,083,170
Maintenance And Operation 120,427,391 1,057,222 - - 6,230,340 127,714,952
School Safety And Security 1,228,167 - - - - 1,228,167
Student Transportation Service 47,273,843 2,017,115 - - 2,218,386 51,509,344
Support Services - Central 35,427,847 2,110,478 - - 1,228,765 38,767,091
Other Support Services 1,622,267 - - - 376,280 1,998,547
School Nutrition Program - - - 40,930,589 1,190,292 42,120,881
Enterprise Operations 613,834 - - - 2,256,470 2,870,304
Capital Outlays
Facilities Acquistion & Construction - 119,058,003 - - 20,012,107 139,070,110
Total expenditures 967,350,341 132,379,952 - 40,935,414 162,828,580 1,303,494,287
Excess (deficiency) of revenues over expenditures 289,857,682 (21,224,621) - (3,830,818) 2,975,229 267,777,472
OTHER FINANCING SOURCES (USES)
Miscellaneous 186,407 - - - - 186,407
Operating Transfers From Other Funds 25,708,382 41,500,000 - 464,659 1,377,418 69,050,459
Operating Transfers To Other Funds (42,652,522) - - - (26,397,936) (69,050,459)
Sale or Compensation for the Loss of Capital Assets 129,340 1,062,862 - - - 1,192,202
Total other financing sources (uses) (16,628,393) 42,562,862 - 464,659 (25,020,518) 1,378,609
Net change in fund balances 273,229,289 21,338,241 - (3,366,160) (22,045,289) 269,156,081
Fund balances - beginning $ 491,303,220 $ 618,640,045 $ - $ 28,344,821 $ 39,942,379 $ 1,178,230,465
Fund balances - ending $ 764,532,509 $ 639,978,286 $ - $ 24,978,661 $ 17,897,090 $ 1,447,386,546
The notes to financial statements are an integral part of this statement.
Page 8
DEKALB COUNTY BOARD OF EDUCATION
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
All major fund types
For the Year-to-Date as of February 28, 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 $ 901,573,643 $ (54,694,755) $ 889,255,821
Sales Taxes 6,500,000 6,500,000 1,418,652 (5,081,348) 8,791,707
State Funds 559,830,156 560,327,715 335,589,202 (224,738,513) 543,579,132
Federal Funds - 8,725,000 - (8,725,000) 6,147,132
Charges for Services 775,000 775,000 924,781 149,781 1,149,597
Investment Earnings 15,000,000 15,000,000 16,579,588 1,579,588 23,475,344
Miscellaneous 6,730,000 6,730,000 1,122,157 (5,607,843) 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 1,554,326,113 1,257,208,023 (297,118,090) 1,482,900,217
EXPENDITURES
Current
Instruction 881,236,747 879,681,255 560,215,219 319,466,036 837,200,925
Pupil Services 93,144,658 89,260,940 60,017,119 29,243,821 82,513,368
Improvement of Instructional Services 23,419,032 24,702,224 11,768,845 12,933,379 15,399,776
Instructional Staff Training 659,975 827,327 173,122 654,205 228,132
Educational Media Services 16,287,855 18,124,378 12,937,413 5,186,965 17,317,681
Federal Grant Administration - - - - 24,693
General Administration 63,618,909 77,141,969 42,807,920 34,334,049 46,581,376
School Administration 71,833,296 71,823,920 58,175,769 13,648,151 81,839,359
Support Services - Business 21,718,627 23,348,898 14,661,585 8,687,313 16,495,984
Maintenance And Operation 261,530,763 258,671,668 120,427,391 138,244,277 156,124,109
School Safety And Security - - 1,228,167 (1,228,167) 1,432
Student Transportation Service 95,740,171 106,538,336 47,273,843 59,264,494 73,161,729
Support Services - Central 43,721,315 57,124,957 35,427,847 21,697,110 32,867,579
Other Support Services 1,492,693 1,291,299 1,622,267 (330,968) 1,327,295
School Nutrition Program 351,273 351,273 - 351,273 324,927
Enterprise Operations 1,502,100 772,100 613,834 158,266 549,586
Facilities Acquistion & Construction - - - - -
Other Outlays - - - - 17,132,215
Debt Service - - - - -
Total current 1,576,257,415 1,609,660,545 967,350,341 642,310,204 1,379,090,165
Total expenditures 1,576,257,415 1,609,660,545 967,350,341 642,310,204 1,379,090,165
Excess (deficiency) of revenues over
expenditures (31,153,861) (55,334,432) 289,857,682 345,192,114 103,810,052
OTHER FINANCING SOURCES (USES)
Miscellaneous - - 186,407 186,407 -
Operating Transfers From Other Funds - - 25,708,382 25,708,382 -
Operating Transfers To Other Funds (26,854,843) (48,354,843) (42,652,522) 5,702,321 -
Sale or Compensation for the Loss of Capital Assets - - 129,340 129,340 -
Total other financing sources (uses) (26,854,843) (48,354,843) (16,628,393) 31,726,450 -
Net change in fund balances (58,008,704) (103,689,275) 273,229,289 376,918,564 103,810,052
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 $ 433,294,516 $ 387,613,945 $ 764,532,509 $ 376,918,564 $ 491,303,220
Page 9
DEKALB COUNTY BOARD OF EDUCATION
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
All major fund types
For the Year-to-Date as of February 28, 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 91,493,091 (337,506,909) 150,986,248
State Funds - - - - 1,117,376
Federal Funds - - - - -
Charges for Services - - - - -
Investment Earnings 2,800,000 2,800,000 19,564,836 16,764,836 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 431,800,000 431,800,000 111,155,332 (320,644,668) 360,933,092
EXPENDITURES
Current
Instruction - 9,920,000 2,695,999 7,224,001 1,037,108
Pupil Services - - - - -
Improvement of Instructional Services - 76,541,096 5,441,136 71,099,960 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 1,057,222 9,936,692 782,736
School Safety And Security - - - - -
Student Transportation Service 1,000,000 9,271,568 2,017,115 7,254,453 -
Support Services - Central 18,000,000 18,000,000 2,110,478 15,889,522 3,121,064
Other Support Services - - - - -
School Nutrition Program - - - - -
Enterprise Operations - - - - -
Facilities Acquistion & Construction 729,353,050 885,813,564 119,058,003 766,755,561 60,555,810
Other Outlays - - - - 178,763,461
Debt Service 5,572,080 6,006,646 - 6,006,646 5,810,913
Total current 763,971,012 1,016,546,788 132,379,952 884,166,836 252,101,308
Total expenditures 763,971,012 1,016,546,788 132,379,952 884,166,836 252,101,308
Excess (deficiency) of revenues over
expenditures (332,171,012) (584,746,788) (21,224,621) 563,522,167 108,831,784
OTHER FINANCING SOURCES (USES)
Miscellaneous - - - - -
Operating Transfers From Other Funds - 21,500,000 41,500,000 20,000,000 -
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) (61,903,442) 42,562,862 104,466,304 -
Net change in fund balances (415,574,454) (646,650,230) 21,338,241 667,988,471 108,831,784
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 $ 203,065,591 $ (28,010,185) $ 639,978,286 $ 667,988,471 $ 618,640,045
Page 10
DEKALB COUNTY BOARD OF EDUCATION
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
All major fund types
For the Year-to-Date as of February 28, 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 - - 916,361 916,361 1,366,046
Federal Funds (11,794,465) 16,805,190 34,634,958 17,829,767 57,563,523
Charges for Services (69,017,224) 69,017,224 353,047 (68,664,177) 707,431
Investment Earnings - - - - 129,540
Miscellaneous (557,046) 557,046 1,200,229 643,183 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 37,104,595 (49,274,865) 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 - - 4,825 (4,825) -
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 40,930,589 48,630,030 62,299,432
Enterprise Operations - - - - -
Facilities Acquistion & Construction - - - - -
Other Outlays - - - - -
Debt Service - - - - -
Total current 84,549,894 89,560,619 40,935,414 48,625,205 62,299,432
Total expenditures 84,549,894 89,560,619 40,935,414 48,625,205 62,299,432
Excess (deficiency) of revenues over
expenditures (165,918,629) (3,181,159) (3,830,818) (649,660) (246,597)
OTHER FINANCING SOURCES (USES)
Miscellaneous - - - - -
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 (165,918,629) (3,181,159) (3,366,160) (185,001) (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 $ (137,573,808) $ 25,163,662 $ 24,978,661 $ (185,001) $ 28,344,821
Page 11
DEKALB COUNTY BOARD OF EDUCATION
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
All major fund types
For the Year-to-Date as of February 28, 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 - 19,362,572 16,465,068 (2,897,504) 17,612,162
Federal Funds 347,152,928 674,668,896 136,675,880 (537,993,016) 208,965,796
Charges for Services - - 3,432,076 3,432,076 1,047,733
Investment Earnings - - 10,189 10,189 16,265
Miscellaneous 217,466 7,403,377 9,220,597 1,817,219 30,492,239
Operating Transfers From Other Funds - - - - 17,862,011
Sale or Compensation for the Loss of Capital Assets - - - - -
Other Source - - - - -
Total revenues 347,370,394 701,434,845 165,803,809 (535,631,037) 275,996,206
EXPENDITURES
Current
Instruction 72,727,101 251,865,676 82,605,903 169,259,773 122,169,333
Pupil Services 29,936,584 75,672,574 19,444,518 56,228,056 33,215,100
Improvement of Instructional Services 26,155,378 9,798,391 2,343,164 7,455,226 2,221,016
Instructional Staff Training 28,687,656 52,556,358 18,054,483 34,501,874 29,270,424
Educational Media Services 2,874,200 215,337 433,846 (218,509) 346,123
Federal Grant Administration (4,405,990) 8,967,136 2,949,234 6,017,903 4,603,737
General Administration 51,356,965 45,596,210 1,423,148 44,173,061 8,069,228
School Administration 27,758,634 8,843,107 1,644,883 7,198,224 3,794,076
Support Services - Business 26,109,645 854,721 416,760 437,961 772,535
Maintenance And Operation 75,326,490 47,044,911 6,230,340 40,814,571 6,705,646
School Safety And Security - - - - -
Student Transportation Service 27,445,095 41,914,600 2,218,386 39,696,215 6,921,163
Support Services - Central 80,181,515 18,941,852 1,228,765 17,713,087 2,387,066
Other Support Services - 429,787 376,280 53,507 467,791
School Nutrition Program 53,744,641 6,347,385 1,190,292 5,157,093 1,644,960
Enterprise Operations 4,354,000 4,374,500 2,256,470 2,118,030 5,678,161
Facilities Acquistion & Construction 158,786,775 89,803,056 20,012,107 69,790,949 20,155,071
Other Outlays - - - - 2,778,469
Debt Service - - - - -
Total current 661,038,688 663,225,601 162,828,580 500,397,021 251,199,898
Total expenditures 661,038,688 663,225,601 162,828,580 500,397,021 251,199,898
Excess (deficiency) of revenues over
expenditures (313,668,295) 38,209,245 2,975,229 (35,234,016) 24,796,308
OTHER FINANCING SOURCES (USES)
Miscellaneous - - - - -
Operating Transfers From Other Funds (4,424,000) 4,676,221 1,377,418 (3,298,803) -
Operating Transfers To Other Funds - (633,100) (26,397,936) (25,764,836) -
Sale or Compensation for the Loss of Capital Assets - - - - -
Total other financing sources (uses) (4,424,000) 4,043,121 (25,020,518) (29,063,640) -
Net change in fund balances (318,092,295) 42,252,366 (22,045,289) (64,297,655) 24,796,308
Fund balances - beginning, as previously reported 39,942,379 39,942,379 39,942,379 - 18,907,407
YEC Fund Clean-up - - - - -
Fund balances - beginning as restated 39,942,379 39,942,379 39,942,379 - 18,907,407
Fund balance - ending $ (278,149,916) $ 82,194,745 $ 17,897,090 $ (64,297,655) $ 43,703,715
Page 12