Monthly Financial
Report
May 31, 2025
FISCAL YEAR 2025
DeKalb County School District
Byron Schueneman, Chief Financial Officer
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
2
Key Performance Indicators
General Fund Revenues
GF Revenue - Budget to Actual
$1,800,000,000
$1,503,390,000
$1,600,000,000
$1,400,000,000
$1,200,000,000 $1,461,482,606
$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 $1.46B 94.3%
Benchmark $1.50B 96.8%
Difference -$42M -2.5%
Revenue Mix
2.17% State $560M 88.70%
34.01%
Local $956M 97.55%
63.83%
Other $38M 83.95%
State Local Other Received Remaining
3
General Fund Expenses
GF Expense - Budget to Actual
$1,800,000,000.00
$1,447,590,566.00
$1,600,000,000.00
$1,489,468,992.47
$1,400,000,000.00
$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
$-
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Budget Actual
Amount Spent Percentage of Budget
Actual + Transfer Out $1.45B 87.7%
Benchmark $1.49B 90.5%
Difference $41.9M 2.3%
4
GF Budget Utilization by Function
Instruction 95.8%
Pupil Services 92.8%
Improvement of Instructional Services 73.3%
Instructional Staff Training 15.4%
Educational Media Services 104.1%
Federal Grant Administration
General Administration 68.4%
School Administration 94.4%
Support Services - Business 82.7%
Maintenance and Operations 68.6%
School Safety and Security
Student Transportation Service 69.5%
Support Services - Central 81.5%
Other Support Services 38.3%
School Nutrition Program 0.0%
Enterprise Operations 149.1%
Capital Outlay
Significant Functions Amount Spent Percentage of Total Spend
Instruction $826.3M 59.5%
M&O $168.0M 12.1%
Pupil Services $82.9M 6.0%
All Other Functions,
22.4%
Pupil Services, 6.0%
Instruction, 59.5%
Maintenance And
Operation, 12.1%
5
Fund Balance
Fund Balance - FY24 to FY25
60%
50%
40%
34.4%
30%
33.1%
20%
10%
0%
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Assigned Reserve FY2024 FY2025
FY25 Fund Balance FY25 % FY24%
Nonspendable $1.0M
Committed (15%) $240.5M 15.0% 15.0%
Unassigned $288.6 18.1% 19.4%
Total $530.1M 33.1% 34.4%
6
DEKALB COUNTY BOARD OF EDUCATION
Balance Sheet
Governmental Funds
May 31, 2025
NONMAJOR TOTAL
CAPITAL PROJECTS SCHOOL NUTRITION GOVERNMENTAL GOVERNMENTAL
GENERAL FUND FUND DEBT SERVICE FUND FUND FUNDS FUNDS
Assets
Cash and Cash Equivalents $ 671,619,163 $ 659,032,144 $ - $ 28,675,938 $ 5,012,872 $ 1,364,340,117
Receivable, Net
Taxes 3,176,557 - - - - 3,176,557
State Government 69,351,545 - - - 736,936 70,088,480
Federal Government 1,716,360 - - 210,554 14,092,051 16,018,965
Local - - - - 3,143 3,143
Other 1,251 - - 15,346 5,700 22,297
Inventories 1,017,939 - - 1,513,480 - 2,531,419
Total assets and deferred outflows of resources $ 746,882,815 $ 659,032,144 $ - $ 30,415,318 $ 19,850,701 $ 1,456,180,978
Liabilities
Accounts Payable $ 31,988,081 $ 7,816,817 $ - $ 285,959 $ 176,873 $ 40,267,730
Salaries & Benefits Payable 145,830,980 - - 2,784,397 48,167 148,663,544
Payroll Withholdings Payable 38,982,842 - - - - 38,982,842
Total liabilities 216,801,902 7,816,817 - 3,070,356 225,040 227,914,115
Total liabilities and deferred inflows of resources 216,801,902 7,816,817 - 3,070,356 225,040 227,914,115
FUND BALANCES
Nonspendable
Inventories $ 1,017,939 $ - $ - $ 1,513,480 $ - $ 2,531,419
Restricted
Capital Projects - 610,045,594 - - - 610,045,594
Continuation of Grant Programs - - - 25,831,482 12,821,792 38,653,274
Committed
Reserve 240,466,839 - - - - 240,466,839
Assigned
Capital Projects - 41,169,733 - - - 41,169,733
Student Activity Accounts - - - - 6,803,870 6,803,870
Unassigned
288,596,134 - - - - 288,596,134
Total fund balances 530,080,912 651,215,327 - 27,344,962 19,625,662 1,228,266,863
Total Liabilities, Deferred Inflows
of Resources, and Fund Balances $ 746,882,815 $ 659,032,144 $ - $ 30,415,318 $ 19,850,701 $ 1,456,180,978
The notes to financial statements are an integral part of this statement.
7
DEKALB COUNTY BOARD OF EDUCATION
Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds
For the Period Ended May 31, 2025
TOTAL
CAPITAL PROJECTS SCHOOL NUTRITION NONMAJOR GOVERNMENTAL
GENERAL FUND FUND DEBT SERVICE FUND FUND GOVERNMENTAL FUND FUNDS
REVENUES
Property Taxes $ 932,823,852 $ - $ - $ - $ - $ 932,823,852
Sales Taxes 6,013,739 128,970,902 - - - 134,984,642
State Funds 496,985,636 - - 1,322,312 28,106,140 526,414,088
Federal Funds - - - 52,612,908 163,790,889 216,403,797
Charges for Services 1,055,683 - - 570,668 5,295,797 6,922,148
Investment Earnings 23,636,792 26,548,841 - - 13,738 50,199,372
Miscellaneous 966,904 340,058 - 1,550,350 13,437,196 16,294,508
Total revenues 1,461,482,606 155,859,802 - 56,056,238 210,643,761 1,884,042,407
EXPENDITURES
Current
Instruction 826,321,124 3,256,939 - - 103,361,018 932,939,081
Pupil Services 82,882,878 - - - 29,910,418 112,793,296
Improvement of Instructional Services 18,323,130 10,556,462 - - 2,885,020 31,764,612
Instructional Staff Training 162,731 - - - 25,707,567 25,870,298
Educational Media Services 18,860,557 - - - 438,464 19,299,021
Federal Grant Administration - - - - 4,049,823 4,049,823
General Administration 52,480,793 - - - 1,886,330 54,367,123
School Administration 81,941,717 - - - 1,840,219 83,781,936
Support Services - Business 19,427,350 - - 38,355 473,370 19,939,075
Maintenance And Operation 168,010,801 1,617,392 - - 6,739,398 176,367,591
School Safety And Security 1,838,429 - - - 1,813,690 3,652,119
Student Transportation Service 70,825,234 2,075,795 - - 4,488,558 77,389,587
Support Services - Central 46,619,906 3,827,559 - - 1,266,981 51,714,446
Other Support Services 218,053 - - - 424,431 642,484
School Nutrition Program - - - 57,482,401 1,190,292 58,672,694
Enterprise Operations 973,811 - - - 2,976,061 3,949,871
Capital Outlays
Facilities Acquistion & Construction - 157,999,265 - - 20,012,107 178,011,372
Total expenditures 1,388,886,513 179,333,412 - 57,520,756 209,463,747 1,835,204,428
Excess (deficiency) of revenues over expenditures 72,596,093 (23,473,611) - (1,464,518) 1,180,014 48,837,979
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds 25,708,382 54,986,031 - 464,659 4,140,475 85,299,547
Operating Transfers To Other Funds (58,704,053) - - - (26,595,494) (85,299,547)
Sale or Compensation for the Loss of Capital Assets 135,087 1,062,862 - - - 1,197,949
Total other financing sources (uses) (32,860,584) 56,048,893 - 464,659 (22,455,019) 1,197,949
Net change in fund balances 39,735,508 32,575,282 - (999,859) (21,275,004) 50,035,927
Fund balances - beginning 490,345,404 618,640,045 - 28,344,821 40,900,666 1,178,230,935
Fund balances - ending $ 530,080,912 $ 651,215,327 $ - $ 27,344,962 $ 19,625,662 $ 1,228,266,863
The notes to financial statements are an integral part of this statement.
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 May 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 $ 932,823,852 $ (23,444,546) $ 889,255,821
Sales Taxes 6,500,000 6,500,000 6,013,739 (486,261) 8,791,707
State Funds 559,830,156 556,349,715 496,985,636 (59,364,079) 543,579,132
Federal Funds - 8,725,000 - (8,725,000) 6,147,132
Charges for Services 775,000 775,000 1,055,683 280,683 1,149,597
Investment Earnings 15,000,000 15,000,000 23,636,792 8,636,792 23,475,344
Miscellaneous 6,730,000 6,730,000 966,904 (5,763,096) 8,238,725
Total revenues 1,545,103,554 1,550,348,113 1,461,482,606 (88,865,507) 1,480,637,458
EXPENDITURES
Current
Instruction 881,236,747 862,835,044 826,321,124 36,513,920 837,200,925
Pupil Services 93,144,658 89,321,089 82,882,878 6,438,210 82,513,368
Improvement of Instructional Services 23,419,032 25,006,078 18,323,130 6,682,948 15,399,776
Instructional Staff Training 659,975 1,058,368 162,731 895,637 228,132
Educational Media Services 16,287,855 18,124,738 18,860,557 (735,819) 17,317,681
Federal Grant Administration - - - - 24,693
General Administration 63,618,909 76,712,334 52,480,793 24,231,541 46,581,376
School Administration 71,833,296 86,779,070 81,941,717 4,837,353 81,839,359
Support Services - Business 21,718,627 23,503,788 19,427,350 4,076,438 16,495,984
Maintenance And Operation 261,530,763 244,838,072 168,010,801 76,827,271 156,124,109
School Safety And Security 721,433 721,433 1,838,429 (1,116,996) 1,432
Student Transportation Service 95,740,171 101,940,206 70,825,234 31,114,973 73,161,729
Support Services - Central 43,721,315 57,229,451 46,619,906 10,609,545 32,867,579
Other Support Services 771,260 569,866 218,053 351,813 1,327,295
School Nutrition Program 351,273 351,273 - 351,273 324,927
Enterprise Operations 1,502,100 653,100 973,811 (320,711) 549,586
Capital Outlays - - - - -
Other Outlays - - - - -
Debt Service - - - - -
Total current 1,576,257,415 1,589,643,911 1,388,886,513 200,757,398 1,361,957,950
Total expenditures 1,576,257,415 1,589,643,911 1,388,886,513 200,757,398 1,361,957,950
Excess (deficiency) of revenues over
expenditures (31,153,861) (39,295,798) 72,596,093 111,891,891 118,679,509
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - - 25,708,382 25,708,382 2,048,024
Operating Transfers To Other Funds (26,854,843) (61,840,874) (58,704,053) 3,136,821 (17,132,215)
Sale or Compensation for the Loss of Capital Assets - - 135,087 135,087 214,735
Total other financing sources (uses) (26,854,843) (61,840,874) (32,860,584) 28,980,290 (14,869,456)
Net change in fund balances (58,008,704) (101,136,672) 39,735,508 140,872,180 103,810,052
Fund balances - beginning, as previously reported 490,345,404 490,345,404 490,345,404 - 387,493,167
YEC Fund Clean-up - - - - -
Fund balances - beginning as restated 490,345,404 490,345,404 490,345,404 - 387,493,167
Fund balance - ending $ 432,336,700 $ 389,208,732 $ 530,080,912 $ 140,872,180 $ 491,303,220
The notes to financial statements are an integral part of this statement.
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 May 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 429,000,000 429,000,000 128,970,902 (300,029,098) 150,986,248
State Funds - - - - 1,117,376
Federal Funds - - - - -
Charges for Services - - - - -
Investment Earnings 2,800,000 2,800,000 26,548,841 23,748,841 29,584,457
Miscellaneous - - 340,058 340,058 433,945
Total revenues 431,800,000 431,800,000 155,859,802 (275,940,198) 182,122,026
EXPENDITURES
Current
Instruction - 58,994,734 3,256,939 55,737,795 1,037,108
Pupil Services - - - - -
Improvement of Instructional Services - 55,324,567 10,556,462 44,768,105 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 10,961,838 1,617,392 9,344,447 782,736
School Safety And Security - - - - -
Student Transportation Service 1,000,000 9,271,568 2,075,795 7,195,773 -
Support Services - Central 18,000,000 36,990,187 3,827,559 33,162,628 3,121,064
Other Support Services - - - - -
School Nutrition Program - - - - -
Enterprise Operations - - - - -
Capital Outlays 729,353,050 869,941,082 157,999,265 711,941,817 60,555,810
Other Outlays - - - - -
Debt Service 5,572,080 6,006,646 - 6,006,646 5,810,913
Total current 763,971,012 1,047,490,623 179,333,412 868,157,211 73,337,847
Total expenditures 763,971,012 1,047,490,623 179,333,412 868,157,211 73,337,847
Excess (deficiency) of revenues over
expenditures (332,171,012) (615,690,623) (23,473,611) 592,217,012 108,784,180
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - 21,500,000 54,986,031 33,486,031 178,811,066
Operating Transfers To Other Funds (83,403,442) (83,403,442) - 83,403,442 (178,763,461)
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 47,605
Net change in fund balances (415,574,454) (677,594,065) 32,575,282 710,169,347 108,831,784
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 $ (58,954,020) $ 651,215,327 $ 710,169,347 $ 618,640,045
The notes to financial statements are an integral part of this statement.
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 May 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 - - 1,322,312 1,322,312 1,366,046
Federal Funds 11,794,465 16,805,190 52,612,908 35,807,717 57,563,523
Charges for Services 69,017,224 69,017,224 570,668 (68,446,556) 707,431
Investment Earnings - - - - 129,540
Miscellaneous 557,046 557,046 1,550,350 993,304 2,286,294
Total revenues 81,368,735 86,379,460 56,056,238 (30,323,222) 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 - - 38,355 (38,355) -
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 57,482,401 32,078,218 62,299,432
Enterprise Operations - - - - -
Capital Outlays - - - - -
Other Outlays - - - - -
Debt Service - - - - -
Total current 84,549,894 89,560,619 57,520,756 32,039,863 62,299,432
Total expenditures 84,549,894 89,560,619 57,520,756 32,039,863 62,299,432
Excess (deficiency) of revenues over
expenditures (3,181,159) (3,181,159) (1,464,518) 1,716,641 (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) (999,859) 2,181,300 (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 $ 27,344,962 $ 2,181,300 $ 28,344,821
The notes to financial statements are an integral part of this statement.
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 May 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 - 34,164,881 28,106,140 (6,058,741) 17,612,162
Federal Funds 347,152,928 727,971,201 163,790,889 (564,180,311) 208,965,796
Charges for Services - - 5,295,797 5,295,797 1,047,733
Investment Earnings - - 13,738 13,738 16,265
Miscellaneous 217,466 7,876,022 13,437,196 5,561,174 30,492,239
Total revenues 347,370,394 770,012,104 210,643,761 (559,368,343) 258,134,196
EXPENDITURES
Current
Instruction 72,727,101 266,872,784 103,361,018 163,511,765 122,169,333
Pupil Services 29,936,584 105,072,125 29,910,418 75,161,708 33,215,100
Improvement of Instructional Services 26,168,876 9,552,687 2,885,020 6,667,668 2,221,016
Instructional Staff Training 28,674,158 61,274,977 25,707,567 35,567,410 29,270,424
Educational Media Services 2,874,200 204,337 438,464 (234,127) 346,123
Federal Grant Administration (4,405,990) 9,400,452 4,049,823 5,350,629 4,603,737
General Administration 51,356,965 50,016,880 1,886,330 48,130,549 8,069,228
School Administration 27,758,634 8,853,107 1,840,219 7,012,888 3,794,076
Support Services - Business 26,109,645 861,721 473,370 388,351 772,535
Maintenance And Operation 75,326,490 47,812,348 6,739,398 41,072,951 6,705,646
School Safety And Security - 6,220,368 1,813,690 4,406,678 -
Student Transportation Service 27,445,095 42,354,030 4,488,558 37,865,471 6,921,163
Support Services - Central 80,181,515 18,963,196 1,266,981 17,696,216 2,387,066
Other Support Services - 429,787 424,431 5,356 467,791
School Nutrition Program 53,744,641 6,347,385 1,190,292 5,157,093 1,644,960
Enterprise Operations 4,354,000 4,419,500 2,976,061 1,443,439 5,678,161
Capital Outlays 158,786,775 89,803,056 20,012,107 69,790,949 20,155,071
Other Outlays - - - - 650
Debt Service - - - - -
Total current 661,038,688 728,458,741 209,463,747 518,994,994 248,422,079
Total expenditures 661,038,688 728,458,741 209,463,747 518,994,994 248,422,079
Excess (deficiency) of revenues over
expenditures (313,668,295) 41,553,363 1,180,014 (40,373,349) 9,712,117
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds 4,424,000 4,676,221 4,140,475 (535,746) 17,862,011
Operating Transfers To Other Funds - (670,120) (26,595,494) (25,925,374) (2,777,819)
Sale or Compensation for the Loss of Capital Assets - - - - -
Total other financing sources (uses) 4,424,000 4,006,101 (22,455,019) (26,461,120) 15,084,191
Net change in fund balances (309,244,295) 45,559,465 (21,275,004) (66,834,469) 24,796,308
Fund balances - beginning, as previously reported 40,900,666 40,900,666 40,900,666 - 18,907,407
YEC Fund Clean-up - - - - -
Fund balances - beginning as restated 40,900,666 40,900,666 40,900,666 - 18,907,407
Fund balance - ending $ (268,343,629) $ 86,460,130 $ 19,625,662 $ (66,834,469) $ 43,703,715
The notes to financial statements are an integral part of this statement.
12