Monthly Financial
Report
February 28, 2026
FISCAL YEAR 2026
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
$1,600,000,000 $1,307,650,209
$1,400,000,000
$1,200,000,000
$1,304,619,773
$1,000,000,000
$800,000,000
$600,000,000
$400,000,000
$200,000,000
$-
Budget Actual
Amount Collected Percentage of Budget
Actual $1.305B 80.6%
Benchmark $1.308B 80.7%
Difference -$3M 0.1%
Revenue Mix
1.74% State $591M 60.56%
27.43%
Local $1B 92.27%
70.83%
Other $27M 83.57%
State Local Other Received Remaining
3
General Fund Expenses
GF Expense - Budget to Actual
$1,800,000,000.00
$1,600,000,000.00
$1,400,000,000.00
$1,001,193,714.00
$1,200,000,000.00
$1,018,855,114.25
$1,000,000,000.00
$800,000,000.00
$600,000,000.00
$400,000,000.00
$200,000,000.00
$-
Budget Actual
Amount Spent Percentage of Budget
Actual + Transfer Out $1.001B 61.4%
Benchmark $1.018B 62.0%
Difference $17.6M 0.6%
4
GF Budget Utilization by Function
Instruction 63.9%
Pupil Services 60.4%
Improvement of Instructional Services 46.4%
Instructional Staff Training 28.8%
Educational Media Services 71.2%
Federal Grant Administration
General Administration 64.5%
School Administration 65.3%
Support Services - Business 92.8%
Maintenance and Operations 55.5%
School Safety and Security 59.7%
Student Transportation Service 48.9%
Support Services - Central 60.8%
Other Support Services0.3%
School Nutrition Program 0.0%
Enterprise Operations 91.0%
Capital Outlay 27.8%
Significant Functions Amount Spent Percentage of Total Spend
Instruction $564.5M 56.6%
M&O $124.3M 12.5%
Pupil Services $73.6M 7.4%
All Other Functions,
23.6%
Pupil Services, 7.4%
Instruction, 56.6%
Maintenance And
Operation, 12.5%
5
Fund Balance
Fund Balance
60%
45.7%
50%
40%
44.5%
30%
20%
10%
0%
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 $503.4M 30.7% 29.5%
Total $867.3M 45.7% 44.5%
6
DEKALB COUNTY BOARD OF EDUCATION
Balance Sheet
Governmental Funds
February 28, 2026
SCHOOL NUTRITION NONMAJOR TOTAL GOVERNMENTAL
GENERAL FUND CAPITAL PROJECTS FUND DEBT SERVICE FUND FUND GOVERNMENTAL FUNDS FUNDS
Assets
Cash and Cash Equivalents $ 814,211,758 $ 549,323,821 $ - $ 20,991,746 $ 10,566,873 $ 1,395,094,199
Receivable, Net
Taxes 2,203,984 - - - - 2,203,984
State Government 49,362,978 - - - - 49,362,978
Federal Government - - - 5,548,361 12,628,350 18,176,711
Other - - - 3,090 5,700 8,790
Inventories 1,469,897 - - 1,750,370 - 3,220,267
Total assets and deferred outflows of resources $ 867,248,618 $ 549,323,821 $ - $ 28,293,567 $ 23,200,923 $ 1,468,066,929
Liabilities
Accounts Payable $ 283,482 $ 25,334 $ - $ - $ 86,816 $ 395,632
Salaries & Benefits Payable 65,940,013 - - - - 65,940,013
Payroll Withholdings Payable 54,261,205 - - - - 54,261,205
Unearned/Unavailable Revenue - - - - 722,004 722,004
Total liabilities 120,484,700 25,334 - - 808,820 121,318,854
Total liabilities and deferred inflows of resources 120,484,700 25,334 - - 808,820 121,318,854
FUND BALANCES
Nonspendable
Reserve for Inventories $ 1,469,897 $ - $ - $ 1,750,370 $ - $ 3,220,267
Restricted
Capital Projects - 520,693,366 - - - 520,693,366
Continuation of Grant Programs - - - 24,656,806 16,445,826 41,102,631
Committed
Reserve 241,906,168 - - - - 241,906,168
Assigned
Capital Projects - 28,605,121 - - - 28,605,121
Student Activity Accounts - - - - 5,946,278 5,946,278
Unassigned 503,387,852 - - - - 503,387,852
Unallocated - - - 1,886,391 - 1,886,390
Total fund balances 746,763,917 549,298,487 - 28,293,567 22,392,104 1,346,748,075
Total Liabilities, Deferred Inflows
of Resources, and Fund Balances $ 867,248,618 $ 549,323,821 $ - $ 28,293,567 $ 23,200,923 $ 1,468,066,929
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 February 28, 2026
SCHOOL NUTRITION NONMAJOR TOTAL GOVERNMENTAL
GENERAL FUND CAPITAL PROJECTS FUND DEBT SERVICE FUND FUND GOVERNMENTAL FUND FUNDS
REVENUES
Property Taxes $ 924,038,311 $ - $ - $ - $ - $ 924,038,311
Sales Taxes 6,799,830 91,848,952 - - - 98,648,782
State Funds 357,826,143 - - 943,944 20,471,393 379,241,480
Federal Funds - - - 36,738,370 55,545,866 92,284,235
Charges for Services 287,182 - - 432,959 4,947,473 5,667,614
Investment Earnings 14,747,109 14,430,365 - - 2,409 29,179,883
Miscellaneous 921,199 265,701 - 1,307,615 10,938,229 13,432,744
Total revenues 1,304,619,773 106,545,018 - 39,422,888 91,905,369 1,542,493,048
EXPENDITURES
Current
Instruction 564,467,568 22,762,631 - - 41,682,243 628,912,443
Pupil Services 73,627,461 - - - 12,532,383 86,159,844
Improvement of Instructional Services 22,353,456 11,448,291 - - 588,760 34,390,507
Instructional Staff Training 364,937 - - - 17,971,116 18,336,053
Educational Media Services 13,810,715 - - - 6,069 13,816,784
Federal Grant Administration - - - - 3,535,096 3,535,096
General Administration 26,663,401 - - - 1,233,403 27,896,804
School Administration 60,086,866 - - - 193,349 60,280,215
Support Services - Business 12,533,453 - - 86,344 150,279 12,770,076
Maintenance And Operation 124,325,795 1,374,018 - - 776,096 126,475,909
School Safety And Security 18,804,027 - - - 4,638,910 23,442,937
Student Transportation Service 45,804,005 1,830,387 - - 573,342 48,207,734
Support Services - Central 34,107,367 8,672,671 - - 31,241 42,811,279
Other Support Services 4,114 - - - 206,836 210,950
School Nutrition Program - - - 39,413,040 - 39,413,040
Enterprise Operations 227,433 - - - 1,398,649 1,626,082
Capital Outlays
Facilities Acquistion & Construction 878,989 126,832,485 - - 87,500 127,798,974
Total expenditures 998,059,589 172,920,483 - 39,499,384 85,605,272 1,296,084,728
Excess (deficiency) of revenues over expenditures 306,560,185 (66,375,465) - (76,496) 6,300,098 246,408,321
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds - - - - 3,469,573 3,469,573
Operating Transfers To Other Funds (3,134,125) - - - (335,448) (3,469,573)
Sale or Compensation for the Loss of Capital Assets 227,102 - - - - 227,102
Total other financing sources (uses) (2,907,023) - - - 3,134,125 227,102
Net change in fund balances 303,653,162 (66,375,465) - (76,496) 9,434,223 246,635,423
Fund balances - beginning 443,110,756 615,673,952 - 28,370,063 12,957,881 1,100,112,652
Fund balances - ending $ 746,763,917 $ 549,298,487 $ - $ 28,293,567 $ 22,392,104 $ 1,346,748,075
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 Actua
All major fund types
For the Year-to-Date as of June 30, 2026
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 $ 924,038,311 $ (77,458,660) $ 946,887,449
Sales Taxes 6,000,000 6,000,000 6,799,830 799,830 8,465,777
State Funds 590,784,324 590,859,679 357,826,143 (233,033,536) 558,627,472
Federal Funds - - - - -
Charges for Services 1,000,000 1,000,000 287,182 (712,818) 1,271,658
Investment Earnings 17,500,000 17,500,000 14,747,109 (2,752,891) 25,443,797
Miscellaneous 2,730,000 2,730,000 921,199 (1,808,801) 3,427,217
Total revenues 1,619,511,295 1,619,586,650 1,304,619,773 (314,966,877) 1,544,123,370
EXPENDITURES
Current
Instruction 875,157,860 875,375,187 564,467,568 310,907,618 919,354,380
Pupil Services 131,593,829 129,401,272 73,627,461 55,773,810 98,266,441
Improvement of Instructional Services 46,150,088 48,197,802 22,353,456 25,844,346 19,440,348
Instructional Staff Training 1,029,984 1,453,264 364,937 1,088,327 606,613
Educational Media Services 19,245,384 19,227,463 13,810,715 5,416,748 23,982,980
Federal Grant Administration - - - - 23,598
General Administration 43,738,097 41,682,245 26,663,401 15,018,844 57,533,446
School Administration 92,237,118 92,070,106 60,086,866 31,983,240 90,642,207
Support Services - Business 12,819,712 13,464,374 12,533,453 930,920 23,469,802
Maintenance And Operation 227,893,722 224,593,707 124,325,795 100,267,912 169,324,234
School Safety And Security 12,437,618 31,518,216 18,804,027 12,714,189 21,696,769
Student Transportation Service 91,918,519 93,679,031 45,804,005 47,875,026 82,898,384
Support Services - Central 55,057,472 55,010,582 34,107,367 20,903,215 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 1,290,576 250,000 227,433 22,567 1,015,659
Capital Outlays
Facilities Acquisition & Construction 67,000 3,232,557 878,989 2,353,568 914,772
Total current 1,612,707,789 1,631,109,950 998,059,589 633,050,361 1,560,609,351
Total expenditures 1,612,707,789 1,631,109,950 998,059,589 633,050,361 1,560,609,351
Excess (deficiency) of revenues over
expenditures 6,803,506 (11,523,300) 306,560,185 318,083,485 (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 100,000 100,000 227,102 127,102 139,370
Total other financing sources (uses) (8,000,000) (8,000,000) (2,907,023) 5,092,977 (30,748,667)
Net change in fund balances (1,196,494) (19,523,300) 303,653,162 323,176,462 (47,234,648)
Fund balances - beginning 443,110,756 443,110,756 443,110,756 - 490,345,404
Fund balances - ending $ 441,914,261 $ 423,587,456 $ 746,763,917 $ 323,176,462 $ 443,110,756
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 Actua
All major fund types
For the Year-to-Date as of June 30, 2026
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 429,000,000 429,000,000 91,848,952 (337,151,048) 154,532,044
State Funds - - - - 4,554,541
Federal Funds - - - - -
Charges for Services - - - - -
Investment Earnings 1,750,000 1,750,000 14,430,365 12,680,365 28,725,933
Miscellaneous - - 265,701 265,701 340,058
Total revenues 430,750,000 430,750,000 106,545,018 (324,204,982) 188,152,576
EXPENDITURES
Current
Instruction - 58,994,734 22,762,631 36,232,103 23,631,055
Pupil Services - - - - -
Improvement of Instructional Services - 56,340,418 11,448,291 44,892,127 13,344,860
Instructional Staff Training - - - - -
Educational Media Services - - - - -
Federal Grant Administration - - - - -
General Administration - - - - -
School Administration - - - - -
Support Services - Business - - - - -
Maintenance And Operation 10,045,882 10,991,635 1,374,018 9,617,617 1,801,398
School Safety And Security - - - - -
Student Transportation Service 1,000,000 7,195,773 1,830,387 5,365,386 2,779,790
Support Services - Central 18,000,000 36,990,187 8,672,671 28,317,517 5,127,797
Other Support Services - - - - -
School Nutrition Program - - - - -
Enterprise Operations - - - - -
Capital Outlays
Facilities Acquisition & Construction 373,663,829 976,033,206 126,832,485 849,200,720 200,482,662
Total current 402,709,712 1,146,545,954 172,920,483 973,625,471 247,167,561
Total expenditures 402,709,712 1,146,545,954 172,920,483 973,625,471 247,167,561
Excess (deficiency) of revenues over
expenditures 28,040,288 (715,795,954) (66,375,465) 649,420,489 (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) - 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) - 83,403,442 56,048,893
Net change in fund balances (55,363,154) (799,199,396) (66,375,465) 732,823,931 (2,966,093)
Fund balances - beginning 615,673,952 615,673,952 615,673,952 - 618,640,045
Fund balances - ending $ 560,310,799 $ (183,525,444) $ 549,298,487 $ 732,823,931 $ 615,673,952
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 Actua
All major fund types
For the Year-to-Date as of June 30, 2026
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 - - 943,944 943,944 1,772,268
Federal Funds 10,357,738 10,357,738 36,738,370 26,380,632 58,982,581
Charges for Services 72,861,878 72,861,878 432,959 (72,428,919) 631,350
Investment Earnings - - - - -
Miscellaneous 612,751 612,751 1,307,615 694,864 1,533,050
Total revenues 83,832,367 83,832,367 39,422,888 (44,409,480) 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 - - 86,344 (86,344) 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 39,413,040 46,419,327 63,309,133
Enterprise Operations - - - - -
Capital Outlays
Facilities Acquisition & Construction - - - - -
Total current 85,832,367 85,832,367 39,499,384 46,332,983 63,358,665
Total expenditures 85,832,367 85,832,367 39,499,384 46,332,983 63,358,665
Excess (deficiency) of revenues over expenditures (2,000,000) (2,000,000) (76,496) 1,923,504 (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 - - (76,496) (76,496) 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 $ 28,293,567 $ (76,496) $ 28,370,063
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 June 30, 2026
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 - 27,129,823 20,471,393 (6,658,430) 48,833,992
Federal Funds - 97,845,985 55,545,866 (42,300,119) 188,407,564
Charges for Services - - 4,947,473 4,947,473 2,572,201
Investment Earnings - - 2,409 2,409 14,905
Miscellaneous 90,320 8,123,844 10,938,229 2,814,385 20,874,561
Total revenues 90,320 133,099,652 91,905,369 (41,194,282) 260,703,223
EXPENDITURES
Current
Instruction 16,280,706 67,734,022 41,682,243 26,051,778 130,265,467
Pupil Services 3,654,143 21,477,939 12,532,383 8,945,556 38,799,169
Improvement of Instructional Services - 1,354,073 588,760 765,313 3,236,069
Instructional Staff Training 24,406,992 34,161,633 17,971,116 16,190,517 31,023,752
Educational Media Services 29,700 25,013 6,069 18,943 625,854
Federal Grant Administration 4,452,160 5,558,590 3,535,096 2,023,494 4,836,467
General Administration 175,254 1,117,675 1,233,403 (115,728) 5,078,060
School Administration - 186,079 193,349 (7,270) 2,397,400
Support Services - Business 10,500 146,500 150,279 (3,779) 597,576
Maintenance And Operation 131,790 123,399 776,096 (652,697) 7,316,152
School Safety And Security - 2,856,820 4,638,910 (1,782,090) 6,220,551
Student Transportation Service 405,957 2,015,439 573,342 1,442,097 5,525,452
Support Services - Central 14,700 707,748 31,241 676,508 1,434,826
Other Support Services - 491,585 206,836 284,748 467,661
School Nutrition Program - - - - 1,616,511
Enterprise Operations 4,674,000 4,719,000 1,398,649 3,320,351 3,997,935
Capital Outlays
Facilities Acquisition & Construction - 175000 87,500 87,500 20,644,454
Total current 54,235,900 142,850,514 85,605,272 57,245,242 264,083,356
Total expenditures 54,235,900 142,850,514 85,605,272 57,245,242 264,083,356
Excess (deficiency) of revenues over
expenditures (54,145,580) (9,750,862) 6,300,098 16,050,960 (3,380,132)
OTHER FINANCING SOURCES (USES)
Operating Transfers From Other Funds 4,774,000 4,779,080 3,469,573 (1,309,507) 8,018,741
Operating Transfers To Other Funds - (134,750) (335,448) (200,698) (32,581,394)
Sale or Compensation for the Loss of Capital Assets - - - - -
Total other financing sources (uses) 4,774,000 4,644,330 3,134,125 (1,510,205) (24,562,652)
Net change in fund balances (49,371,580) (5,106,532) 9,434,223 14,540,755 (27,942,785)
Fund balances - beginning 12,957,881 12,957,881 12,957,881 - 40,900,666
Fund balances - ending $ (36,413,699) $ 7,851,349 $ 22,392,104 $ 14,540,755 $ 12,957,881
The notes to financial statements are an integral part of this statement.
12