Monthly Financial
Report
September 30, 2025
FISCAL YEAR 2026
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
$1,400,000,000
$1,200,000,000
$1,000,000,000
$800,000,000
$600,000,000
$400,000,000 $248,237,487
$200,000,000
$206,757,344
$-
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Budget Actual
Amount Collected Percentage of Budget
Actual $206.8M 12.8%
Benchmark $248.3M 15.3%
Difference $41.5M 2.5%
Revenue Mix
2.68% State $591M 12.32%
35.21%
Local $1B 12.82%
62.12%
Other $27M 20.31%
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
$1,200,000,000.00
$1,000,000,000.00
$800,000,000.00
$600,000,000.00
$243,488,015.00
$400,000,000.00
$251,371,221.86
$200,000,000.00
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Budget Actual
Amount Spent Percentage of Budget
Actual + Transfer Out $243.5M 14.9%
Benchmark $251.4B 15.1%
Difference $7.9M .2%
Page 4
GF Budget Utilization by Function
Instruction 12.9%
Pupil Services 13.5%
Improvement of Instructional Services 12.3%
Instructional Staff Training 10.3%
Educational Media Services 14.4%
Federal Grant Administration
General Administration 20.9%
School Administration 20.5%
Support Services - Business 47.8%
Maintenance and Operations 17.0%
School Safety and Security 16.9%
Student Transportation Service 12.7%
Support Services - Central 21.0%
Other Support Services0.3%
School Nutrition Program 0.0%
Enterprise Operations 44.2%
Capital Outlay
Significant Functions Amount Spent Percentage of Total Spend
Instruction $114.0M 47.4%
M&O $38.8M 16.1%
School Administration $18.8M 7.8%
All Other Functions,
28.6%
Instruction, 47.4%
School Administration,
7.8%
Maintenance And
Operation, 16.1%
Page 5
Fund Balance
Fund Balance
60%
50%
40%
26.7%
30%
24.9%
20%
10%
0%
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Assigned Reserve FY26 Anticipated FY26 Actual
FY26 Fund Balance FY26 Actual FY26 Anticipated
Nonspendable $1.5M
Committed (15%) $241.9M 15.0% 15.0%
Unassigned $163.0M 9.9% 11.7%
Total $485.3M 24.9% 26.7%
Page 6
DEKALB COUNTY BOARD OF EDUCATION
Balance Sheet
Governmental Funds
September 30, 2025
NON-MAJOR TOTAL
CAPITAL PROJECTS SCHOOL NUTRITION GOVERNMENTAL GOVERNMENTAL
GENERAL FUND FUND DEBT SERVICE FUND FUND FUNDS FUNDS
Assets
Cash and Cash Equivalents $ 475,170,255 $ 598,154,736 $ - $ 13,399,077 $ (16,808,800) $ 1,069,915,268
Receivable, Net
State Government 8,227,163 - - - - 8,227,163
Federal Government - - - 7,778,125 34,584,911 42,363,037
Local - - - - 3,143 3,143
Other 407,955 - - - - 407,955
Inventories 1,469,897 - - 1,547,626 - 3,017,523
Accounts Receivable - - - 3,090 5,700 8,790
Total assets and deferred outflows of resources $ 485,275,271 $ 598,154,736 $ - $ 22,727,918 $ 17,784,954 $ 1,123,942,878
Liabilities
Accounts Payable $ 3,222,322 $ 7,218,620 $ - $ - $ 119,735 $ 10,560,678
Salaries & Benefits Payable 18,121,708 - - - - 18,121,708
Payroll Withholdings Payable 57,550,643 - - - - 57,550,643
Unearned/Unavailable Revenue - - - - 722,004 722,004
Total liabilities 78,894,673 7,218,620 - - 841,739 86,955,032
Total liabilities and deferred inflows of resources 78,894,673 7,218,620 - - 841,739 86,955,032
FUND BALANCES
Nonspendable
Reserve for Inventories $ 1,469,897 $ - $ - $ 1,547,626 $ - $ 3,017,523
Restricted
Capital Projects - 557,750,552 - - - 557,750,552
Continuation of Grant Programs - - - 21,180,292 9,408,029 30,588,320
Committed
Reserve 241,906,168 - - - - 241,906,168
Assigned
Capital Projects - 33,185,564 - - - 33,185,564
Student Activity Accounts - - - - 7,535,187 7,535,187
Unassigned
163,004,532 - - - - 163,004,532
Total fund balances 406,380,598 590,936,116 - 22,727,918 16,943,215 1,036,987,847
Total Liabilities, Deferred Inflows
of Resources, and Fund Balances $ 485,275,271 $ 598,154,736 $ - $ 22,727,918 $ 17,784,954 $ 1,123,942,878
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 September 30, 2025
NON-MAJOR TOTAL
CAPITAL PROJECTS SCHOOL NUTRITION GOVERNMENTAL GOVERNMENTAL
GENERAL FUND FUND DEBT SERVICE FUND FUND FUNDS FUNDS
REVENUES
Property Taxes $ 128,435,106 $ - $ - $ - $ - $ 128,435,106
Sales Taxes 1,345,196 26,115,973 - - - 27,461,169
State Funds 72,790,465 - - 251,704 3,646,844 76,689,013
Federal Funds - - - 6,783,408 19,221,960 26,005,368
Charges for Services 2,237 - - - 2,788,183 2,790,419
Investment Earnings 4,149,115 6,107,939 - - - 10,257,054
Miscellaneous 35,225 12,292 - 292,609 1,315,551 1,655,678
Total revenues 206,757,344 32,236,205 - 7,327,721 26,972,538 273,293,807
EXPENDITURES
Current
Instruction 114,004,876 10,360,914 - - 11,016,384 135,382,175
Pupil Services 16,671,200 - - - 6,585,064 23,256,264
Improvement of Instructional Services 5,633,867 5,500,813 - - 271,545 11,406,225
Instructional Staff Training 70,921 - - - 4,683,244 4,754,165
Educational Media Services 2,797,498 - - - 4,857 2,802,356
Federal Grant Administration - - - - 1,280,755 1,280,755
General Administration 8,939,151 - - - 500,400 9,439,552
School Administration 18,817,305 - - - 70,931 18,888,236
Support Services - Business 4,802,756 - - 32,376 44,226 4,879,357
Maintenance And Operation 38,784,292 498,311 - - 5,629 39,288,232
School Safety And Security 5,305,153 - - - 583,688 5,888,841
Student Transportation Service 11,807,136 1,407,990 - - 562,424 13,777,550
Support Services - Central 12,723,405 2,761,819 - - 6,567 15,491,791
Other Support Services 4,114 - - - 2,746 6,860
School Nutrition Program - - - 12,937,490 - 12,937,490
Enterprise Operations 40,949 - - - 368,742 409,691
Capital Outlays
Facilities Acquistion & Construction 85,392 36,444,195 - - - 36,529,587
Total expenditures 240,488,015 56,974,041 - 12,969,866 25,987,203 336,419,126
Excess (deficiency) of revenues over expenditures (33,730,672) (24,737,836) - (5,642,145) 985,334 (63,125,319)
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - - - - 3,032,941 3,032,941
Operating Transfers To Other Funds (3,000,000) - - - (32,941) (3,032,941)
Sale or Compensation for the Loss of Capital Assets 736 - - - - 736
Total other financing sources (uses) (2,999,264) - - - 3,000,000 736
Net change in fund balances (36,729,935) (24,737,836) - (5,642,145) 3,985,334 (63,124,583)
Fund balances - beginning 443,110,533 615,673,952 - 28,370,063 12,957,881 1,100,112,429
Fund balances - ending $ 406,380,598 $ 590,936,116 $ - $ 22,727,918 $ 16,943,215 $ 1,036,987,847
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 Sept 30, 2025
With Comparative Totals for June 30, 2025
GENERAL FUND
Variance with Final
Orig Budget Final Budget Actual 2026 Budget Actual 2025
REVENUES
Property Taxes $ 1,001,496,971 $ 1,001,496,971 $ 128,435,106 $ (873,061,865) $ 946,887,449
Sales Taxes 6,000,000 6,000,000 1,345,196 (4,654,804) 8,465,777
State Funds 590,784,324 590,859,679 72,790,465 (518,069,214) 558,627,472
Federal Funds - - - - -
Charges for Services 1,000,000 1,000,000 2,237 (997,764) 1,271,658
Investment Earnings 17,500,000 17,500,000 4,149,115 (13,350,885) 25,443,797
Miscellaneous 2,730,000 2,730,000 35,225 (2,694,775) 3,427,217
Total revenues 1,619,511,295 1,619,586,650 206,757,344 (1,412,829,306) 1,544,123,370
EXPENDITURES
Current
Instruction 882,202,444 882,225,404 114,004,876 768,220,528 919,354,603
Pupil Services 123,954,162 123,559,798 16,671,200 106,888,598 98,266,441
Improvement of Instructional Services 44,812,845 45,742,289 5,633,867 40,108,422 19,440,348
Instructional Staff Training 581,584 691,468 70,921 620,547 606,613
Educational Media Services 19,245,384 19,413,602 2,797,498 16,616,104 23,982,980
Federal Grant Administration - - - - 23,598
General Administration 45,317,083 42,801,833 8,939,151 33,862,682 57,533,446
School Administration 92,008,882 91,811,870 18,817,305 72,994,565 90,642,207
Support Services - Business 9,733,473 10,053,028 4,802,756 5,250,273 23,469,802
Maintenance And Operation 227,960,722 227,708,805 38,784,292 188,924,513 169,324,234
School Safety And Security 12,155,302 31,317,433 5,305,153 26,012,280 21,696,769
Student Transportation Service 91,918,519 93,252,757 11,807,136 81,445,622 82,898,384
Support Services - Central 59,456,001 60,477,920 12,723,405 47,754,515 51,003,878
Other Support Services 1,734,444 1,617,776 4,114 1,613,662 29,994
School Nutrition Program 336,368 336,368 - 336,368 405,846
Enterprise Operations 1,290,576 92,599 40,949 51,650 1,015,659
Capital Outlays - - 85,392 (85,392) 914,772
Debt Service - - - - -
Total current 1,612,707,789 1,631,102,950 240,488,015 1,390,614,934 1,560,609,574
Total expenditures 1,612,707,789 1,631,102,950 240,488,015 1,390,614,934 1,560,609,574
Excess (deficiency) of revenues over
expenditures 6,803,506 (11,516,300) (33,730,672) (22,214,372) (16,486,204)
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - - - - 31,478,428
Operating Transfers To Other Funds (8,100,000) (8,100,000) (3,000,000) 5,100,000 (62,366,466)
Sale or Compensation for the Loss of Capital Assets 100,000 100,000 736 (99,264) 139,370
Total other financing sources (uses) (8,000,000) (8,000,000) (2,999,264) 5,000,736 (30,748,667)
Net change in fund balances (1,196,494) (19,516,300) (36,729,935) (17,213,635) (47,234,871)
Fund balances - beginning 443,110,533 443,110,533 443,110,533 - 490,345,404
Fund balances - ending $ 441,914,039 $ 423,594,233 $ 406,380,598 $ (17,213,635) $ 443,110,533
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 Year-to-Date as of Sept 30, 2025
With Comparative Totals for June 30, 2025
CAPITAL PROJECTS FUND
Variance with Final
Orig Budget Final Budget Actual 2026 Budget Actual 2025
REVENUES
Property Taxes $ - $ - $ - $ - $ -
Sales Taxes - - 26,115,973 26,115,973 154,532,044
State Funds - - - - 4,554,541
Federal Funds - - - - -
Charges for Services - - - - -
Investment Earnings (12,330,946) (12,330,946) 6,107,939 18,438,885 28,725,933
Miscellaneous - - 12,292 12,292 340,058
Total revenues (12,330,946) (12,330,946) 32,236,205 44,567,151 188,152,576
EXPENDITURES
Current
Instruction 35,363,679 35,363,679 10,360,914 25,002,766 23,631,055
Pupil Services - - - - -
Improvement of Instructional Services 30,029,491 31,045,343 5,500,813 25,544,529 13,344,860
Instructional Staff Training - - - - -
Educational Media Services - - - - -
Federal Grant Administration - - - - -
General Administration - - - - -
School Administration - - - - -
Support Services - Business - - - - -
Maintenance And Operation (1,679,600) (1,679,600) 498,311 (2,177,911) 1,801,398
School Safety And Security - - - - -
Student Transportation Service 5,742,460 5,768,093 1,407,990 4,360,103 2,779,790
Support Services - Central 13,862,390 13,862,390 2,761,819 11,100,572 5,127,797
Other Support Services - - - - -
School Nutrition Program - - - - -
Enterprise Operations - - - - -
Capital Outlays 612,490,837 669,442,767 36,444,195 632,998,572 200,482,662
Debt Service 434,566 434,566 - 434,566 -
Total current 696,243,823 754,237,238 56,974,041 697,263,197 247,167,561
Total expenditures 696,243,823 754,237,238 56,974,041 697,263,197 247,167,561
Excess (deficiency) of revenues over
expenditures (708,574,769) (766,568,184) (24,737,836) 741,830,348 (59,014,986)
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - - - - 54,986,031
Operating Transfers To Other Funds - - - - -
Sale or Compensation for the Loss of Capital Assets - - - - 1,062,862
Total other financing sources (uses) - - - - 56,048,893
Net change in fund balances (708,574,769) (766,568,184) (24,737,836) 741,830,348 (2,966,093)
Fund balances - beginning 615,673,952 615,673,952 615,673,952 - 618,640,045
Fund balances - ending $ (92,900,817) $ (150,894,232) $ 590,936,116 $ 741,830,348 $ 615,673,952
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 Year-to-Date as of September 30, 2025
With Comparative Totals for June 30, 2025
SCHOOL NUTRITION FUND
Variance with Final
Orig Budget Final Budget Actual 2026 Budget Actual 2025
REVENUES
Property Taxes $ - $ - $ - $ - $ -
Sales Taxes - - - - -
State Funds - - 251,704 251,704 1,772,268
Federal Funds 10,357,738 10,357,738 6,783,408 (3,574,330) 58,982,581
Charges for Services 72,861,878 72,861,878 - (72,861,878) -
Investment Earnings - - - - -
Miscellaneous 612,751 612,751 292,609 (320,142) 2,164,399
Total revenues 83,832,367 83,832,367 7,327,721 (76,504,647) 62,919,249
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 - - 32,376 (32,376) 49,532
Maintenance And Operation - - - - -
School Safety And Security - - - - -
Student Transportation Service - - - - -
Support Services - Central - - - - -
Other Support Services - - - - -
School Nutrition Program 85,832,367 85,832,367 12,937,490 72,894,877 63,309,133
Enterprise Operations - - - - -
Capital Outlays - - - - -
Debt Service - - - - -
Total current 85,832,367 85,832,367 12,969,866 72,862,501 63,358,665
Total expenditures 85,832,367 85,832,367 12,969,866 72,862,501 63,358,665
Excess (deficiency) of revenues over
expenditures (2,000,000) (2,000,000) (5,642,145) (3,642,145) (439,417)
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds 2,000,000 2,000,000 - (2,000,000) 464,659
Operating Transfers To Other Funds - - - - -
Sale or Compensation for the Loss of Capital Assets - - - - -
Total other financing sources (uses) 2,000,000 2,000,000 - (2,000,000) 464,659
Net change in fund balances - - (5,642,145) (5,642,145) 25,242
Fund balances - beginning 28,370,063 28,370,063 28,370,063 - 28,344,821
Fund balances - ending $ 28,370,063 $ 28,370,063 $ 22,727,918 $ (5,642,145) $ 28,370,063
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 Year-to-Date as of September 30, 2025
With Comparative Totals for June 30, 2025
NONMAJOR GOVERNMENTAL FUNDS
Variance with Final
Orig Budget Final Budget Actual 2026 Budget Actual 2025
REVENUES
Property Taxes $ - $ - $ - $ - $ -
Sales Taxes - - - - -
State Funds - 18,139,704 3,646,844 (14,492,860) 48,833,992
Federal Funds - 60,252,539 19,221,960 (41,030,579) 188,407,564
Charges for Services 1,800 1,800 2,788,183 2,786,383 2,572,201
Investment Earnings - - - - 14,905
Miscellaneous 363,793 6,796,353 1,315,551 (5,480,802) 20,874,561
Total revenues 365,593 85,190,396 26,972,538 (58,217,858) 260,703,223
EXPENDITURES
Current
Instruction 16,318,554 37,435,234 11,016,384 26,418,850 130,265,467
Pupil Services 3,741,059 5,168,744 6,585,064 (1,416,321) 38,799,169
Improvement of Instructional Services 4,771 1,068,598 271,545 797,053 3,236,069
Instructional Staff Training 24,410,261 29,757,782 4,683,244 25,074,538 31,023,752
Educational Media Services 29,802 29,802 4,857 24,945 625,854
Federal Grant Administration 4,452,160 4,840,638 1,280,755 3,559,883 4,836,467
General Administration 179,265 752,694 500,400 252,293 5,078,060
School Administration - - 70,931 (70,931) 2,397,400
Support Services - Business 10,500 146,500 44,226 102,274 597,576
Maintenance And Operation 136,790 136,790 5,629 131,161 7,316,152
School Safety And Security - 2,855,820 583,688 2,272,132 6,220,551
Student Transportation Service 414,009 2,095,589 562,424 1,533,165 5,525,452
Support Services - Central 21,681 673,799 6,567 667,232 1,434,826
Other Support Services - 491,585 2,746 488,839 467,661
School Nutrition Program - - - - 1,616,511
Enterprise Operations 4,674,000 4,674,000 368,742 4,305,258 3,997,935
Capital Outlays 686 686 - 686 20,644,454
Debt Service - - - - -
Total current 54,393,536 90,128,260 25,987,203 64,141,056 264,083,356
Total expenditures 54,393,536 90,128,260 25,987,203 64,141,056 264,083,356
Excess (deficiency) of revenues over
expenditures (54,027,943) (4,937,864) 985,334 5,923,198 (3,380,132)
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds 4,774,000 4,774,000 3,032,941 (1,741,059) 8,018,741
Operating Transfers To Other Funds - (134,750) (32,941) 101,809 (32,581,394)
Sale or Compensation for the Loss of Capital Assets - - - - -
Total other financing sources (uses) 4,774,000 4,639,250 3,000,000 (1,639,250) (24,562,652)
Net change in fund balances (49,253,943) (298,614) 3,985,334 4,283,948 (27,942,785)
Fund balances - beginning 12,957,881 12,957,881 12,957,881 - 40,900,666
Fund balances - ending $ (36,296,062) $ 12,659,267 $ 16,943,215 $ 4,283,948 $ 12,957,881
The notes to financial statements are an integral part of this statement.
Page 12