Monthly Financial
Report
March 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 7
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES 8
SRECFB - BUDGET TO ACTUAL 9
Page 2
Key Performance Indicators
General Fund Revenues
GF Revenue - Budget to Actual
$1,800,000,000
$1,600,000,000 $1,318,656,146
$1,400,000,000
$1,200,000,000
$1,000,000,000
$800,000,000
$600,000,000
$400,000,000
$200,000,000
$-
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Budget Actual
Amount Collected Percentage of Budget
Actual $1.32B 84.84%
Benchmark $1.33B 86.39%
Difference $14M 1.55%
Revenue Mix
1.97% State $560M 69.16%
29.39%
Local $956M 94.65%
68.64%
Other $38M 68.96%
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
$1,168,592,280.00
$1,400,000,000.00
$1,179,927,946.83
$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
$-
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Budget Actual
Amount Spent Percentage of Budget
Actual + Transfer Out $1.17B 70.7%
Benchmark $1.18B 71.6%
Difference $11.3M .9%
Page 4
GF Budget Utilization by Function
Instruction 73.8%
Pupil Services 77.1%
Improvement of Instructional Services 54.5%
Instructional Staff Training 22.6%
Educational Media Services 82.3%
Federal Grant Administration
General Administration 60.0%
School Administration 91.9%
Support Services - Business 67.4%
Maintenance and Operations 53.6%
School Safety and Security
Student Transportation Service 52.4%
Support Services - Central 68.0%
Other Support Services 135.9%
School Nutrition Program 0.0%
Enterprise Operations 96.2%
Capital Outlay
Expended Available
Significant Functions Amount Spent Percentage of Total Spend
Instruction $649.1M 58.4%
M&O $138.7M 12.5%
Pupil Services $66.8M 6.2%
All Other Functions,
22.9%
Pupil Services, 6.2% Instruction, 58.4%
Maintenance And
Operation, 12.5%
Page 5
Fund Balance
Fund Balance - FY24 to FY25
60%
47.7%
50%
40%
30%
20%
10%
0%
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Assigned Reserve FY2024 FY2025
FY25 Fund Balance FY25 % FY24%
Nonspendable $1.0M
Committed (15%) $240.5M 15% 15%
Unassigned $425.7M 26.7% 26.8%
Total $667.2M 41.7%
Page 6
DEKALB COUNTY BOARD OF EDUCATION
Balance Sheet
Governmental Funds
March 31, 2025
NONMAJOR TOTAL
CAPITAL PROJECTS SCHOOL NUTRITION GOVERNMENTAL GOVERNMENTAL
GENERAL FUND FUND DEBT SERVICE FUND FUND FUNDS FUNDS
Assets
Cash and Cash Equivalents $ 735,882,818 $ 651,131,942 $ - $ 25,332,293 $ 7,758,011 $ 1,420,105,065
Receivable, Net
State Government 53,940,090 - - - - 53,940,090
Federal Government 1,716,360 - - 210,554 14,063,482 15,990,396
Local - - - - 3,143 3,143
Other 1,251 - - 3,090 5,700 10,041
Inventories 1,017,939 - - 570,724 - 1,588,664
Total assets and deferred outflows of resources $ 792,558,459 $ 651,131,942 $ - $ 26,116,661 $ 21,830,336 $ 1,491,637,399
Liabilities
Accounts Payable $ 1,772,787 $ 268,090 $ - $ - $ 692,427 $ 2,733,304
Salaries & Benefits Payable 112,589,009 - - 2,062,516 48,167 114,699,692
Payroll Withholdings Payable 10,990,764 - - - - 10,990,764
Total liabilities 125,352,560 268,090 - 2,062,516 740,594 128,423,761
Total liabilities and deferred inflows of resources 125,352,560 268,090 - 2,062,516 740,594 128,423,761
FUND BALANCES
Nonspendable
Inventories $ 1,017,939 $ - $ - $ 570,724 $ - $ 1,588,664
Restricted
Capital Projects - 607,983,291 - - - 607,983,291
Continuation of Grant Programs - - - 23,483,420 12,672,868 36,156,288
Committed
Reserve 240,466,839 - - - - 240,466,839
Assigned
Capital Projects - 42,880,561 - - - 42,880,561
Student Activity Accounts - - - - 8,416,874 8,416,874
Unassigned
425,721,121 - - - - 425,721,121
Total fund balances 667,205,899 650,863,852 - 24,054,145 21,089,742 1,363,213,638
Total Liabilities, Deferred Inflows
of Resources, and Fund Balances $ 792,558,459 $ 651,131,942 $ - $ 26,116,661 $ 21,830,336 $ 1,491,637,399
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 March 31, 2025
NONMAJOR TOTAL
CAPITAL PROJECTS SCHOOL NUTRITION GOVERNMENTAL GOVERNMENTAL
GENERAL FUND FUND DEBT SERVICE FUND FUND FUNDS FUNDS
REVENUES
Property Taxes $ 905,118,714 $ - $ - $ - $ - $ 905,118,714
Sales Taxes 4,422,614 103,584,067 - - - 108,006,681
State Funds 387,517,741 - - 1,186,995 21,869,311 410,574,047
Federal Funds - - - 39,550,142 146,113,895 185,664,037
Charges for Services 951,315 - - 416,910 4,103,963 5,472,188
Investment Earnings 19,226,132 21,916,111 - - 11,379 41,153,623
Miscellaneous 1,419,629 314,758 - 1,314,279 10,372,065 13,420,732
Total revenues 1,318,656,146 125,814,936 - 42,468,326 182,470,613 1,669,410,022
EXPENDITURES
Current
Instruction 649,093,489 2,696,070 - - 89,684,545 741,474,104
Pupil Services 68,795,909 - - - 22,735,011 91,530,920
Improvement of Instructional Services 13,461,715 6,870,789 - - 2,508,403 22,840,907
Instructional Staff Training 187,220 - - - 20,619,122 20,806,342
Educational Media Services 14,909,065 - - - 437,820 15,346,885
Federal Grant Administration - - - - 3,284,741 3,284,741
General Administration 46,297,331 - - - 1,561,790 47,859,121
School Administration 66,020,876 - - - 1,708,875 67,729,751
Support Services - Business 15,733,702 - - 16,002 435,630 16,185,334
Maintenance And Operation 138,666,705 1,240,882 - - 6,259,424 146,167,011
School Safety And Security 270,007 - - - 1,240,138 1,510,145
Student Transportation Service 55,773,282 2,056,427 - - 2,220,648 60,050,357
Support Services - Central 38,844,795 2,110,478 - - 1,259,230 42,214,503
Other Support Services 1,755,318 - - - 398,478 2,153,796
School Nutrition Program - - - 47,207,659 1,190,292 48,397,951
Enterprise Operations 742,511 - - - 2,648,279 3,390,790
Capital Outlays
Facilities Acquistion & Construction - 134,665,376 - - 20,012,107 154,677,483
Total expenditures 1,110,551,927 149,640,022 - 47,223,660 178,204,532 1,485,620,141
Excess (deficiency) of revenues over expenditures 208,104,220 (23,825,086) - (4,755,335) 4,266,082 183,789,881
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds 25,708,382 54,986,031 - 464,659 3,323,028 84,482,100
Operating Transfers To Other Funds (58,040,353) - - - (26,441,747) (84,482,100)
Sale or Compensation for the Loss of Capital Assets 130,431 1,062,862 - - - 1,193,293
Total other financing sources (uses) (32,201,541) 56,048,893 - 464,659 (23,118,718) 1,193,293
Net change in fund balances 175,902,679 32,223,807 - (4,290,676) (18,852,637) 184,983,174
Fund balances - beginning $ 491,303,220 $ 618,640,045 $ - $ 28,344,821 $ 39,942,379 $ 1,178,230,465
Fund balances - ending $ 667,205,899 $ 650,863,852 $ - $ 24,054,145 $ 21,089,742 $ 1,363,213,638
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 Month-to-Date as of March 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 $ 905,118,714 $ (51,149,684) $ 889,255,821
Sales Taxes 6,500,000 6,500,000 4,422,614 (2,077,386) 8,791,707
State Funds 559,830,156 560,327,715 387,517,741 (172,809,974) 543,579,132
Federal Funds - 8,725,000 - (8,725,000) 6,147,132
Charges for Services 775,000 775,000 951,315 176,315 1,149,597
Investment Earnings 15,000,000 15,000,000 19,226,132 4,226,132 23,475,344
Miscellaneous 6,730,000 6,730,000 1,419,629 (5,310,371) 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 1,318,656,146 (235,669,967) 1,482,900,217
EXPENDITURES
Current
Instruction 881,236,747 878,906,805 649,093,489 229,813,315 837,200,925
Pupil Services 93,144,658 89,405,338 68,795,909 20,609,430 82,513,368
Improvement of Instructional Services 23,419,032 25,203,520 13,461,715 11,741,805 15,399,776
Instructional Staff Training 659,975 802,327 187,220 615,106 228,132
Educational Media Services 16,287,855 18,124,378 14,909,065 3,215,313 17,317,681
Federal Grant Administration - - - - 24,693
General Administration 63,618,909 76,692,249 46,297,331 30,394,918 46,581,376
School Administration 71,833,296 71,828,920 66,020,876 5,808,044 81,839,359
Support Services - Business 21,718,627 23,252,398 15,733,702 7,518,696 16,495,984
Maintenance And Operation 261,530,763 245,384,638 138,666,705 106,717,933 156,124,109
School Safety And Security - - 270,007 (270,007) 1,432
Student Transportation Service 95,740,171 106,696,386 55,773,282 50,923,104 73,161,729
Support Services - Central 43,721,315 57,424,382 38,844,795 18,579,587 32,867,579
Other Support Services 1,492,693 1,291,299 1,755,318 (464,018) 1,327,295
School Nutrition Program 351,273 351,273 - 351,273 324,927
Enterprise Operations 1,502,100 772,100 742,511 29,589 549,586
Facilities Acquistion & Construction - - - - -
Other Outlays - - - - 17,132,215
Debt Service - - - - -
Total current 1,576,257,415 1,596,136,014 1,110,551,927 485,584,088 1,379,090,165
Total expenditures 1,576,257,415 1,596,136,014 1,110,551,927 485,584,088 1,379,090,165
Excess (deficiency) of revenues over
expenditures (31,153,861) (41,809,901) 208,104,220 249,914,121 103,810,052
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - - 25,708,382 25,708,382 -
Operating Transfers To Other Funds (26,854,843) (61,840,874) (58,040,353) 3,800,521 -
Sale or Compensation for the Loss of Capital Assets - - 130,431 130,431 -
Total other financing sources (uses) (26,854,843) (61,840,874) (32,201,541) 29,639,333 -
Net change in fund balances (58,008,704) (103,650,775) 175,902,679 279,553,454 103,810,052
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 $ 387,652,445 $ 667,205,899 $ 279,553,454 $ 491,303,220
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
For the Month-to-Date as of March 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 429,000,000 429,000,000 103,584,067 (325,415,933) 150,986,248
State Funds - - - - 1,117,376
Federal Funds - - - - -
Charges for Services - - - - -
Investment Earnings 2,800,000 2,800,000 21,916,111 19,116,111 29,584,457
Miscellaneous - - 314,758 314,758 433,945
Operating Transfers From Other Funds - - - - 178,811,066
Sale or Compensation for the Loss of Capital Assets - - - - -
Other Source - - - - -
Total revenues 431,800,000 431,800,000 125,814,936 (305,985,064) 360,933,092
EXPENDITURES
Current
Instruction - 9,920,000 2,696,070 7,223,930 1,037,108
Pupil Services - - - - -
Improvement of Instructional Services - 44,245,656 6,870,789 37,374,867 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 1,240,882 9,753,032 782,736
School Safety And Security - - - - -
Student Transportation Service 1,000,000 9,271,568 2,056,427 7,215,141 -
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 729,353,050 787,923,818 134,665,376 653,258,442 60,555,810
Other Outlays - - - - 178,763,461
Debt Service 5,572,080 6,006,646 - 6,006,646 5,810,913
Total current 763,971,012 886,361,602 149,640,022 736,721,580 252,101,308
Total expenditures 763,971,012 886,361,602 149,640,022 736,721,580 252,101,308
Excess (deficiency) of revenues over
expenditures (332,171,012) (454,561,602) (23,825,086) 430,736,516 108,831,784
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - 21,500,000 54,986,031 33,486,031 -
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) 56,048,893 117,952,335 -
Net change in fund balances (415,574,454) (516,465,044) 32,223,807 548,688,851 108,831,784
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 $ 102,175,001 $ 650,863,852 $ 548,688,851 $ 618,640,045
The notes to financial statements are an integral part of this statement.
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 Month-to-Date as of March 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 - - 1,186,995 1,186,995 1,366,046
Federal Funds (11,794,465) 16,805,190 39,550,142 22,744,951 57,563,523
Charges for Services (69,017,224) 69,017,224 416,910 (68,600,314) 707,431
Investment Earnings - - - - 129,540
Miscellaneous (557,046) 557,046 1,314,279 757,233 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 42,468,326 (43,911,135) 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 - - 16,002 (16,002) -
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 47,207,659 42,352,960 62,299,432
Enterprise Operations - - - - -
Facilities Acquistion & Construction - - - - -
Other Outlays - - - - -
Debt Service - - - - -
Total current 84,549,894 89,560,619 47,223,660 42,336,959 62,299,432
Total expenditures 84,549,894 89,560,619 47,223,660 42,336,959 62,299,432
Excess (deficiency) of revenues over
expenditures (165,918,629) (3,181,159) (4,755,335) (1,574,176) (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 (165,918,629) (3,181,159) (4,290,676) (1,109,517) (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 $ 24,054,145 $ (1,109,517) $ 28,344,821
The notes to financial statements are an integral part of this statement.
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 Month-to-Date as of March 31, 2025
With Comparative Totals for June 30, 2024
NONMAJOR GOVERNMENTAL FUNDS
Variance with Final
Final Budget Actual 2025 Budget Actual 2024
REVENUES
Property Taxes $ - $ - $ - $ -
Sales Taxes - - - -
State Funds 25,582,940 21,869,311 (3,713,629) 17,612,162
Federal Funds 676,111,019 146,113,895 (529,997,124) 208,965,796
Charges for Services - 4,103,963 4,103,963 1,047,733
Investment Earnings - 11,379 11,379 16,265
Miscellaneous 7,434,722 10,372,065 2,937,343 30,492,239
Operating Transfers From Other Funds - - - 17,862,011
Sale or Compensation for the Loss of Capital Assets - - - -
Other Source - - - -
Total revenues 709,128,681 182,470,613 (526,658,068) 275,996,206
EXPENDITURES
Current
Instruction 253,070,166 89,684,545 163,385,621 122,169,333
Pupil Services 75,748,195 22,735,011 53,013,184 33,215,100
Improvement of Instructional Services 9,861,441 2,508,403 7,353,038 2,221,016
Instructional Staff Training 52,344,724 20,619,122 31,725,602 29,270,424
Educational Media Services 215,337 437,820 (222,483) 346,123
Federal Grant Administration 8,967,536 3,284,741 5,682,796 4,603,737
General Administration 45,596,210 1,561,790 44,034,420 8,069,228
School Administration 8,853,107 1,708,875 7,144,232 3,794,076
Support Services - Business 854,721 435,630 419,091 772,535
Maintenance And Operation 47,020,411 6,259,424 40,760,987 6,705,646
School Safety And Security 6,220,368 1,240,138 4,980,230 -
Student Transportation Service 42,224,296 2,220,648 40,003,649 6,921,163
Support Services - Central 18,963,196 1,259,230 17,703,967 2,387,066
Other Support Services 429,787 398,478 31,308 467,791
School Nutrition Program 6,347,385 1,190,292 5,157,093 1,644,960
Enterprise Operations 4,399,500 2,648,279 1,751,221 5,678,161
Facilities Acquistion & Construction 89,803,056 20,012,107 69,790,949 20,155,071
Other Outlays - - - 2,778,469
Debt Service - - - -
Total current 670,919,436 178,204,532 492,714,905 251,199,898
Total expenditures 670,919,436 178,204,532 492,714,905 251,199,898
Excess (deficiency) of revenues over
expenditures 38,209,245 4,266,082 (33,943,163) 24,796,308
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds 4,676,221 3,323,028 (1,353,193) -
Operating Transfers To Other Funds (633,100) (26,441,747) (25,808,647) -
Sale or Compensation for the Loss of Capital Assets - - - -
Total other financing sources (uses) 4,043,121 (23,118,718) (27,161,840) -
Net change in fund balances 42,252,366 (18,852,637) (61,105,003) 24,796,308
Fund balances - beginning, as previously reported 39,942,379 39,942,379 - 18,907,407
YEC Fund Clean-up - - - -
Fund balances - beginning as restated 39,942,379 39,942,379 - 18,907,407
Fund balance - ending $ 82,194,745 $ 21,089,742 $ (61,105,003) $ 43,703,715
The notes to financial statements are an integral part of this statement.
Page 12