Monthly Financial
Report
December 31, 2025
FISCAL YEAR 2026
DeKalb County School District
Byron Schueneman, Chief Financial Officer
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
Key Performance Indicators
General Fund Revenues
GF Revenue - Budget to Actual
$1,800,000,000
$1,600,000,000
$1,400,000,000
$1,157,586,270
$1,200,000,000
$1,148,108,388
$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 $1.158B 71.5%
Benchmark $1.148B 70.9%
Difference $9.5M 0.6%
Revenue Mix
1.23% State $591M 41.32%
21.09%
Local $1B 89.78%
77.68% Other $27M 52.31%
State Local Other Received Remaining
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
$704,212,761.00
$718,375,672.72
$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 $718.4M 43.2%
Benchmark $704.2M 43.7%
Difference $14.2M 0.5%
GF Budget Utilization by Function
Instruction 43.4%
Pupil Services 41.8%
Improvement of Instructional Services 32.0%
Instructional Staff Training 17.7%
Educational Media Services 46.3%
Federal Grant Administration
General Administration 47.3%
School Administration 47.5%
Support Services - Business 71.4%
Maintenance and Operations 44.5%
School Safety and Security 43.6%
Student Transportation Service 35.3%
Support Services - Central 46.3%
Other Support Services0.3%
School Nutrition Program 0.0%
Enterprise Operations 68.8%
Capital Outlay 2.7%
Significant Functions Amount Spent Percentage of Total Spend
Instruction $383.1M 54.4%
M&O $99.5M 14.1%
Pupil Services $51.0M 7.2%
All Other Functions,
24.2%
Pupil Services, 7.2%
Instruction, 54.4%
Maintenance And
Operation, 14.1%
Fund Balance
Fund Balance
60%
54.6%
50%
53.1%
40%
30%
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 $650.1 39.6% 38.1%
Total $893.4M 54.6% 53.1%
DEKALB COUNTY BOARD OF EDUCATION
Balance Sheet
Governmental Funds
December 31, 2025
NONMAJOR TOTAL GOVERNMENTAL
GENERAL FUND CAPITAL PROJECTS FUND DEBT SERVICE FUND SCHOOL NUTRITION FUND GOVERNMENTAL FUNDS FUNDS
Assets
Cash and Cash Equivalents $ 956,722,736 $ 553,521,696 $ - $ 23,942,493 $ 4,158,471 $ 1,538,345,396
Receivable, Net
Taxes 3,675,014 - - - - 3,675,014
State Government 32,908,652 - - - - 32,908,652
Federal Government - - - - 16,872,307 16,872,307
Other - - - 3,090 5,700 8,790
Inventories 1,469,897 - - 1,948,680 - 3,418,577
Total assets and deferred outflows of resources $ 994,776,299 $ 553,521,696 $ - $ 25,894,262 $ 21,036,478 $ 1,595,228,736
Liabilities
Accounts Payable $ 915,614 $ 1,081,873 $ - $ 505,514 $ 99,168 $ 2,602,169
Salaries & Benefits Payable 47,385,724 - - - - 47,385,724
Payroll Withholdings Payable 53,042,996 - - - - 53,042,996
Unearned/Unavailable Revenue - - - - 722,004 722,004
Total liabilities 101,344,335 1,081,873 - 505,514 821,171 103,752,894
Total liabilities and deferred inflows of resources 101,344,335 1,081,873 - 505,514 821,171 103,752,894
FUND BALANCES
Nonspendable
Reserve for Inventories $ 1,469,897 $ - $ - $ 1,948,680 $ - $ 3,418,577
Restricted
Capital Projects - 523,966,846 - - - 523,966,846
Continuation of Grant Programs - - - 23,440,069 10,944,569 34,384,638
Committed
Reserve 241,906,168 - - - - 241,906,168
Assigned
Capital Projects - 28,472,977 - - - 28,472,977
Student Activity Accounts - - - - 9,270,737 9,270,737
Unassigned
650,055,899 - - - - 650,055,899
Total fund balances 893,431,964 552,439,823 - 25,388,748 20,215,307 1,491,475,842
Total Liabilities, Deferred Inflows
of Resources, and Fund Balances $ 994,776,299 $ 553,521,696 $ - $ 25,894,262 $ 21,036,478 $ 1,595,228,736
The notes to financial statements are an integral part of this statement.
DEKALB COUNTY BOARD OF EDUCATION
Statement of Revenues, Expenditures and Changes in Fund Balances
Governmental Funds
For the Period Ended December 31, 2025
NONMAJOR TOTAL GOVERNMENTAL
GENERAL FUND CAPITAL PROJECTS FUND DEBT SERVICE FUND SCHOOL NUTRITION FUND GOVERNMENTAL FUND FUNDS
REVENUES
Property Taxes $ 899,170,763 $ - $ - $ - $ - $ 899,170,763
Sales Taxes 3,735,867 64,505,876 - - - 68,241,744
State Funds 244,170,301 - - 667,048 14,459,318 259,296,667
Federal Funds - - - 25,514,336 40,134,500 65,648,836
Charges for Services 166,197 - - 301,683 3,501,386 3,969,265
Investment Earnings 9,960,450 11,376,944 - - 2,409 21,339,803
Miscellaneous 382,692 25,077 - 1,053,149 7,411,392 8,872,310
Total revenues 1,157,586,270 75,907,897 - 27,536,216 65,509,004 1,326,539,388
EXPENDITURES
Current
Instruction 383,147,427 22,632,250 - - 29,231,959 435,011,636
Pupil Services 50,985,321 - - - 10,472,232 61,457,553
Improvement of Instructional Services 15,431,875 7,253,302 - - 421,300 23,106,477
Instructional Staff Training 224,418 - - - 12,287,157 12,511,575
Educational Media Services 8,978,561 - - - 4,857 8,983,418
Federal Grant Administration - - - - 2,591,588 2,591,588
General Administration 19,562,464 - - - 726,177 20,288,641
School Administration 43,693,081 - - - 139,370 43,832,451
Support Services - Business 9,650,736 - - 64,754 107,190 9,822,680
Maintenance And Operation 99,499,672 999,481 - - 22,560 100,521,713
School Safety And Security 13,736,803 - - - 3,669,078 17,405,880
Student Transportation Service 33,026,683 1,830,387 - - 568,668 35,425,738
Support Services - Central 26,014,148 7,920,575 - - 26,291 33,961,013
Other Support Services 4,114 - - - 140,973 145,087
School Nutrition Program - - - 30,452,776 - 30,452,776
Enterprise Operations 172,066 - - - 976,306 1,148,372
Capital Outlays
Facilities Acquistion & Construction 85,392 98,506,032 - - - 98,591,424
Total expenditures 704,212,761 139,142,027 - 30,517,530 61,385,704 935,258,023
Excess (deficiency) of revenues over expenditures 453,373,509 (63,234,129) - (2,981,315) 4,123,300 391,281,365
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - - - - 3,303,164 3,303,164
Operating Transfers To Other Funds (3,134,125) - - - (169,039) (3,303,164)
Sale or Compensation for the Loss of Capital Assets 81,825 - - - - 81,825
Total other financing sources (uses) (3,052,300) - - - 3,134,125 81,825
Net change in fund balances 450,321,208 (63,234,129) - (2,981,315) 7,257,426 391,363,190
Fund balances - beginning 443,110,756 615,673,952 - 28,370,063 12,957,881 1,100,112,652
Fund balances - ending $ 893,431,964 $ 552,439,823 $ - $ 25,388,748 $ 20,215,307 $ 1,491,475,842
The notes to financial statements are an integral part of this statement.
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 June 30, 2026
With Comparative Totals for June 30, 2025
GENERAL FUND
Orig Budget Final Budget Actual 2026 Variance with Final Budget Actual 2025
REVENUES
Property Taxes $ 1,001,496,971 $ 1,001,496,971 $ 899,170,763 $ (102,326,208) $ 946,887,449
Sales Taxes 6,000,000 6,000,000 3,735,867 (2,264,133) 8,465,777
State Funds 590,784,324 590,859,679 244,170,301 (346,689,378) 558,627,472
Federal Funds - - - - -
Charges for Services 1,000,000 1,000,000 166,197 (833,803) 1,271,658
Investment Earnings 17,500,000 17,500,000 9,960,450 (7,539,550) 25,443,797
Miscellaneous 2,730,000 2,730,000 382,692 (2,347,308) 3,427,217
Total revenues 1,619,511,295 1,619,586,650 1,157,586,270 (462,000,380) 1,544,123,370
EXPENDITURES
Current
Instruction 882,913,598 882,914,333 383,147,427 499,766,906 919,354,380
Pupil Services 123,838,091 121,893,765 50,985,321 70,908,444 98,266,441
Improvement of Instructional Services 46,150,088 48,156,869 15,431,875 32,724,994 19,440,348
Instructional Staff Training 1,029,984 1,268,803 224,418 1,044,385 606,613
Educational Media Services 19,245,384 19,404,073 8,978,561 10,425,512 23,982,980
Federal Grant Administration - - - - 23,598
General Administration 43,738,097 41,354,644 19,562,464 21,792,180 57,533,446
School Administration 92,237,118 92,070,106 43,693,081 48,377,025 90,642,207
Support Services - Business 12,819,712 13,510,399 9,650,736 3,859,663 23,469,802
Maintenance And Operation 227,960,722 223,842,712 99,499,672 124,343,039 169,324,234
School Safety And Security 12,437,618 31,518,216 13,736,803 17,781,413 21,696,769
Student Transportation Service 91,918,519 93,669,001 33,026,683 60,642,318 82,898,384
Support Services - Central 55,057,472 56,130,329 26,014,148 30,116,181 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 1,290,576 250,000 172,066 77,934 1,015,659
Capital Outlays - 3,165,557 85,392 3,080,165 914,772
Debt Service - - - - -
Total current 1,612,707,789 1,631,102,950 704,212,761 926,890,188 1,560,609,351
Total expenditures 1,612,707,789 1,631,102,950 704,212,761 926,890,188 1,560,609,351
Excess (deficiency) of revenues over expenditures 6,803,506 (11,516,300) 453,373,509 464,889,809 (16,485,981)
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - - - - 31,478,428
Operating Transfers To Other Funds (8,100,000) (8,100,000) (3,134,125) 4,965,875 (62,366,466)
Sale or Compensation for the Loss of Capital Assets 100,000 100,000 81,825 (18,175) 139,370
Total other financing sources (uses) (8,000,000) (8,000,000) (3,052,300) 4,947,700 (30,748,667)
Net change in fund balances (1,196,494) (19,516,300) 450,321,208 469,837,508 (47,234,648)
Fund balances - beginning 443,110,756 443,110,756 443,110,756 - 490,345,404
Fund balances - ending $ 441,914,261 $ 423,594,456 $ 893,431,964 $ 469,837,508 $ 443,110,756
The notes to financial statements are an integral part of this statement.
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 June 30, 2026
With Comparative Totals for June 30, 2025
CAPITAL PROJECTS FUND
Orig Budget Final Budget Actual 2026 Variance with Final Budget Actual 2025
REVENUES
Property Taxes $ - $ - $ - $ - $ -
Sales Taxes - 429,000,000 64,505,876 (364,494,124) -
State Funds - - - - 154,532,044
Federal Funds - - - - 4,554,541
Charges for Services - - - - -
Investment Earnings 1,750,000 1,750,000 11,376,944 9,626,944 28,725,933
Miscellaneous - - 25,077 25,077 340,058
Total revenues 1,750,000 430,750,000 75,907,897 (354,842,103) 188,152,576
EXPENDITURES
Current
Instruction - 58,994,734 22,632,250 36,362,485 23,631,055
Pupil Services - - - - -
Improvement of Instructional Services - 56,340,418 7,253,302 49,087,116 13,344,860
Instructional Staff Training - - - - -
Educational Media Services - - - - -
Federal Grant Administration - - - - -
General Administration - - - - -
School Administration - - - - -
Support Services - Business - - - - -
Maintenance And Operation 10,000,000 9,008,365 999,481 8,008,884 1,801,398
School Safety And Security - - - - -
Student Transportation Service - 5,748,403 1,830,387 3,918,016 2,779,790
Support Services - Central 18,000,000 36,990,187 7,920,575 29,069,613 5,127,797
Other Support Services - - - - -
School Nutrition Program - - - - -
Enterprise Operations - - - - -
Capital Outlays 201,563,473 823,580,542 98,506,032 725,074,510 200,482,662
Debt Service - 434,566 - 434,566 -
Total current 229,563,473 991,097,217 139,142,027 851,955,190 247,167,561
Total expenditures 229,563,473 991,097,217 139,142,027 851,955,190 247,167,561
Excess (deficiency) of revenues over expenditures (227,813,473) (560,347,217) (63,234,129) 497,113,087 (59,014,986)
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - - - - 54,986,031
Operating Transfers To Other Funds - 83,403,442 - (83,403,442) -
Sale or Compensation for the Loss of Capital Assets - - - - 1,062,862
Total other financing sources (uses) - 83,403,442 - (83,403,442) 56,048,893
Net change in fund balances (227,813,473) (476,943,775) (63,234,129) 413,709,645 (2,966,093)
Fund balances - beginning 615,673,952 615,673,952 615,673,952 - 618,640,045
Fund balances - ending $ 387,860,479 $ 138,730,178 $ 552,439,823 $ 413,709,645 $ 615,673,952
The notes to financial statements are an integral part of this statement.
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 June 30, 2026
With Comparative Totals for June 30, 2025
SCHOOL NUTRITION FUND
Orig Budget Final Budget Actual 2026 Variance with Final Budget Actual 2025
REVENUES
Property Taxes $ - $ - $ - $ - $ -
Sales Taxes - - - - -
State Funds - - 667,048 667,048 1,772,268
Federal Funds 10,357,738 10,357,738 25,514,336 15,156,598 58,982,581
Charges for Services 72,861,878 72,861,878 301,683 (72,560,195) -
Investment Earnings - - - - -
Miscellaneous 612,751 612,751 1,053,149 440,398 2,164,399
Total revenues 83,832,367 83,832,367 27,536,216 (56,296,152) 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 - - 64,754 (64,754) 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 30,452,776 55,379,591 63,309,133
Enterprise Operations - - - - -
Capital Outlays - - - - -
Debt Service - - - - -
Total current 85,832,367 85,832,367 30,517,530 55,314,837 63,358,665
Total expenditures 85,832,367 85,832,367 30,517,530 55,314,837 63,358,665
Excess (deficiency) of revenues over expenditures (2,000,000) (2,000,000) (2,981,315) (981,315) (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 - - (2,981,315) (2,981,315) 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 $ 25,388,748 $ (2,981,315) $ 28,370,063
The notes to financial statements are an integral part of this statement.
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 June 30, 2026
With Comparative Totals for June 30, 2025
NONMAJOR GOVERNMENTAL FUNDS
Orig Budget Final Budget Actual 2026 Variance with Final Budget Actual 2025
REVENUES
Property Taxes $ - $ - $ - $ - $ -
Sales Taxes - - - - -
State Funds - 22,894,784 14,459,318 (8,435,466) 48,833,992
Federal Funds - 85,007,060 40,134,500 (44,872,560) 188,407,564
Charges for Services - - 3,501,386 3,501,386 2,572,201
Investment Earnings - - 2,409 2,409 14,905
Miscellaneous 90,320 6,582,133 7,411,392 829,259 20,874,561
Total revenues 90,320 114,483,977 65,509,004 (48,974,972) 260,703,223
EXPENDITURES
Current
Instruction 16,280,706 56,055,336 29,231,959 26,823,378 130,265,467
Pupil Services 3,654,143 15,343,793 10,472,232 4,871,561 38,799,169
Improvement of Instructional Services - 1,114,750 421,300 693,451 3,236,069
Instructional Staff Training 24,406,992 32,791,560 12,287,157 20,504,404 31,023,752
Educational Media Services 29,700 25,013 4,857 20,155 625,854
Federal Grant Administration 4,452,160 5,458,591 2,591,588 2,867,003 4,836,467
General Administration 175,254 2,226,147 726,177 1,499,970 5,078,060
School Administration - 186,079 139,370 46,709 2,397,400
Support Services - Business 10,500 146,500 107,190 39,310 597,576
Maintenance And Operation 131,790 122,350 22,560 99,790 7,316,152
School Safety And Security - 2,856,820 3,669,078 (812,258) 6,220,551
Student Transportation Service 405,957 2,004,487 568,668 1,435,819 5,525,452
Support Services - Central 14,700 707,748 26,291 681,458 1,434,826
Other Support Services - 491,585 140,973 350,612 467,661
School Nutrition Program - - - - 1,616,511
Enterprise Operations 4,674,000 4,699,000 976,306 3,722,694 3,997,935
Capital Outlays - - - - 20,644,454
Debt Service 54,235,900 124,229,759 61,385,704 62,844,054 264,083,356
Total current 54,235,900 124,229,759 61,385,704 62,844,054 264,083,356
Total expenditures (54,145,580) (9,745,782) 4,123,300 13,869,082 (3,380,132)
Excess (deficiency) of revenues over expenditures
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds 5,445,447 5,450,527 3,303,164 (2,147,363) 8,018,741
Operating Transfers To Other Funds 3,430,132 3,295,382 (169,039) (3,464,420) (32,581,394)
Sale or Compensation for the Loss of Capital Assets - - - - -
Total other financing sources (uses) 8,875,578 8,745,909 3,134,125 (5,611,783) (24,562,652)
Net change in fund balances (45,270,002) (999,873) 7,257,426 8,257,299 (27,942,785)
Fund balances - beginning 12,957,881 12,957,881 12,957,881 - 40,900,666
Fund balances - ending $ (32,312,120) $ 11,958,008 $ 20,215,307 $ 8,257,299 $ 12,957,881
The notes to financial statements are an integral part of this statement.