FY27 Initial Budget - All Funds

AID 2026759 · View on Simbli

Agenda Item

d. Adoption of the DeKalb County School District Budget for 2026-2027 (FY27) and Resolution for Tax Levy

Summary: Presented by: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance
Request: It is requested that the DeKalb County Board of Education adopt the DeKalb County School District FY2027 budget for all funds and approve the resolution establishing the 2026 millage rate at 22.78 mills.
Contact: Mr. Byron Schueneman, Chief Financial Officer, Division of Finance, 678.676.0270
Status: Attorney Approval Not Required
                                                                                          DEKALB COUNTY BOARD OF EDUCATION
                                                                                                   FY27 Initial Budget
                                                                                                  Governmental Funds




                                                                                                                                                                 NONMAJOR             TOTAL GOVERNMENTAL
                                                               GENERAL FUND          CAPITAL PROJECTS FUND     DEBT SERVICE FUND   SCHOOL NUTRITION FUND     GOVERNMENTAL FUND               FUNDS
REVENUES
 Property Taxes                                                  1,027,750,637.76                       -                      -                      -                        -           1,027,750,637.76
 Sales Taxes                                                         7,500,000.00            156,000,000.00                    -                      -                        -             163,500,000.00
 State Funds                                                       596,452,349.00                       -                      -                      -              22,594,103.00           619,046,452.00
 Federal Funds                                                                -                         -                      -            89,080,830.16            98,955,552.70           188,036,382.86
 Charges for Services                                                1,000,000.00                       -                      -                      -                        -               1,000,000.00
 Investment Earnings                                                20,000,000.00             18,275,000.00                    -                      -                        -              38,275,000.00
 Miscellaneous                                                       3,300,000.00                325,000.00                    -             1,612,751.00             1,397,500.00             6,635,251.00
   Total revenues                                                1,656,002,986.76            174,600,000.00                    -            90,693,581.16           122,947,155.70         2,044,243,723.62

EXPENDITURES
Current
  Instruction                                                      933,513,238.31             40,462,750.81                    -                      -              58,608,175.79         1,032,584,164.91
  Pupil Services                                                   136,279,420.91                       -                      -                      -              20,183,389.32           156,462,810.23
  Improvement of Instructional Services                             43,731,363.93                939,625.82                    -                      -                 469,412.00            45,140,401.75
  Instructional Staff Training                                         716,151.27                       -                      -                      -              33,014,864.72            33,731,015.99
  Educational Media Services                                        22,515,753.32                       -                      -                      -                  25,012.54            22,540,765.86
  Federal Grant Administration                                                -                         -                      -                      -               5,365,639.77             5,365,639.77
  General Administration                                            48,900,626.80                       -                      -                      -               1,194,919.00            50,095,545.80
  School Administration                                             86,282,494.59                       -                      -                      -                 186,079.00            86,468,573.59
  Support Services - Business                                       22,290,347.35                       -                      -               154,630.33                10,500.00            22,455,477.68
  Maintenance And Operation                                        223,498,187.66                       -                      -                      -                 816,481.45           224,314,669.11
  School Safety And Security                                        33,378,205.39                       -                      -                      -               6,132,450.00            39,510,655.39
  Student Transportation Service                                    92,741,050.29              2,141,357.46                    -                      -                 691,232.11            95,573,639.86
  Support Services - Central                                        50,185,277.68              3,442,002.48                    -                      -                  19,700.00            53,646,980.16
  Other Support Services                                               250,026.16                       -                      -                      -                        -                 250,026.16
  School Nutrition Program                                                    -                         -                      -            90,638,950.83                      -              90,638,950.83
  Enterprise Operations                                                 55,000.00                       -                      -                      -               6,630,000.00             6,685,000.00
Capital Outlays                                                               -                         -                                             -                        -
  Facilities Acquistion & Construction                                 380,000.00            309,981,944.43                    -                      -                        -             310,361,944.43
      Total expenditures                                         1,694,717,143.66            356,967,681.00                    -            90,793,581.16           133,347,855.70         2,275,826,261.52
           Excess (deficiency) of revenues over expenditures       (38,714,156.90)          (182,367,681.00)                   -              (100,000.00)          (10,400,700.00)         (231,582,537.90)

OTHER FINANCING SOURCES (USES)
 Operating Transfers From Other Funds                                         -                         -                      -              100,000.00             10,330,000.00            10,430,000.00
 Operating Transfers To Other Funds                                (10,430,000.00)                      -                      -                     -                         -             (10,430,000.00)
 Sale or Compensation for the Loss of Capital Assets                   100,000.00                       -                      -                     -                         -                 100,000.00
   Total other financing sources (uses)                            (10,330,000.00)                      -                      -              100,000.00             10,330,000.00               100,000.00

         Net change in fund balances                               (49,044,156.90)          (182,367,681.00)                   -                    (0.00)              (70,700.00)         (231,482,537.90)
Fund balances - beginning                                          400,000,000.00            422,205,709.88                    -            21,000,000.00                70,700.00           843,276,409.88
Fund balances - ending                                             350,955,843.10            239,838,028.88                    -            21,000,000.00                    (0.00)          611,793,871.98