Agenda Item
a. E-SPLOST VI Overpayments Remedies, Impact and Options for Current and Planned E-SPLOST VI Projects ~ Updated 7.13.2026
Summary: Presented by: Mr Darrell Stallings, Chief of Capital Improvements, Division of Capital Improvements,
Mr. Byron Schueneman, Chief Financial Officer, Division of Finance, and
Mr. Erick Hofstetter, Chief Operating Officer, Division of Operations
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IMPACT OF SALES TAX
DISTRIBUTION
ADJUSTMENT ON
E-SPLOST VI REVENUE
E-SPLOST VI REVENUE FORECAST
• E-SPLOST VI revenue comes from two sources:
oE-SPLOST Sales Tax Collections
oInvestment Interest Earned
• Up to now, only sales tax collections have been forecasted as part of E-SPLOST VI revenue forecasts
oInterest forecast not included as a buffer to future revenue fluctuations
Current E-SPLOST VI Revenue Forecast
$816,564,005
7/10/2026 3
CURRENT E -SPLOST VI CASH -FLOW
• As of End of May 2026, E-SPLOST VI has over $359,000,000 in liquid funds available
• Even if starting now no additional revenue were to come into E-SPLOST VI from any source, the
program would continue to be solvent for at least 2 ½ years
May 2026
$359,751,020
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S A L E S TA X D I S T R I B U T I O N E R R O R
• Due to an inaccuracy in E-SPLOST VI sales tax distribution, it is projected that DCSD will receive
around $13,000,000 less in sales tax revenue than the current revenue forecast indicates
E-SPLOST VI Revenue Forecast Minus $13,000,000
$816,564,005 $803,564,005
-$13,000,000
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E - S P LO S T V I R E V E N U E F O R E C A S T A DJ U S T M E N T
• To mitigate this change in revenue expectations, it is proposed to begin including Forecasted Interest
Earned in the E-SPLOST VI Revenue Forecast
• A very conservative forecast of Interest Earned on E-SPLOST VI funds from June 2026 to July 2027 is
$12,000,000
Updated E-SPLOST VI Revenue Forecast Including Forecasting Interest Earned to July 2027:
$803,564,005 $815,564,005
+$12,000,000
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ADDITIONAL REVENUE FORECAST BUFFERS
E-SPLOST VI REVENUE STATEMENT
May 31, 2026
ADDITIONAL REVENUE FORECAST BUFFERS
• E-SPLOST VI is expected to continue earning interest for several years after sales tax collections end in
July 2027
– E-SPLOST V has collected over $39,000,000 in interest since collections ended in July 2022
Example Long-Term E-SPLOST VI Revenue Forecast Including Interest
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ADDITIONAL REVENUE FORECAST BUFFERS
E-SPLOST V REVENUE STATEMENT
May 31, 2026
End of E-SPLOST V
Collections
Total E-SPLOST V Interest Earned Since End of E-SPLOST V Collections: $39,871,620.75
F U N D I N G R E C O M M E N DAT I O N
• By Board of Education Meeting in September 2026
– Finance Agenda Item – "ESPLOST 6 True-Up to Certificate of Distribution"
▪ Will cover 48 months of collections from July 1st, 2022, through July 30th, 2026*.
▪ Covers distributions from GaDOR from August 1st, 2022, through August 31st, 2026 (distribution is in arrears).
▪ Inclusive of interest earned.
• Payment can be set up upon BOE approval of MOU with CSD and APS
• Estimate:
APS Decatur Total
Cumulative Revenue $2,613,802.75 $8,125,388.58 $10,739,191.33
Cumulative Interest $228,177.83 $717,018.28 $945,196.11
Total through 39 months $2,841,980.58 $8,842,406.86 $11,684,387.44
July Estimate $75,000.00 $225,000.00 $300,000.00
Total $2,916,980.58 $9,067,406.86 $11,984,387.44
*Dependent on GaDOR correcting E-SPLOST sales tax distribution as of Aug 31, 2026
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ESPLOST VI — Capital Program Financial Overview Data Refreshed: May, 2026
Education Special Purpose Local Option Sales Tax · Collection Cycle VI · Revenue & Commitments
Total Projected Revenue Total Approved Commitments Total Projected Commitments Revenue vs. Commitment Variance
$815M $651M $154M $10M
Projected revenue less total approved and
At the end of July 2027 less Formally committed via Remaining expected projected commitments
payout to APS and CSD approved contracts and POs commitments per Action Plan
ESPLOST Distribution Adjustment Deferred Projects
A one-penny-per-dollar sales tax voters The projected payout of ESPLOST VI Scheduled ESPLOST VI projects identified
approve to fund school construction and overpayments received by DeKalb County but recommended for deferment.
capital projects. By law it pays only for Schools to be redistributed to the City
capital items — buildings, buses, Schools of Decatur and Atlanta Public
technology — never day-to-day operating Schools.
costs.
Total Projected Revenue Total Approved Commitments Revenue vs. Commitment Variance
Sales tax collected to date, plus interest Dollars formally committed to projects through Total projected revenue minus the total
approved contracts and purchase orders; see approved
earned to date, plus future sales tax and expense limit in the Quarterly Status Report.
approved commitments to date minus the
projected interest to be earned by July total projected commitments.
Total Projected Commitments – The estimated
2027, including the distributions made to value of all remaining commitments required to
City Schools of Decatur and Atlanta Public complete the program, based on the
Schools. recommended E-SPLOST VI Action Plan.
ESPLOST VI — Revenue · Commitment
$900
815M 805M
$800
Total Projected
Projected Revenue
Commitments
$700
$196M
$154M
Millions
$600
$500
Net Revenue (after $12M Total Approved
$400 APS/CSD adjustment) Commitments
$619M $651M
$300
$200
$100
$0
Total Projected Revenue Total Projected Commitment
ESPLOST VI Recommended Action Plan
Planned Projects from April 2025 Retreat $214,000,000.00
Less Recommended Deferments
• d ES - $34,077,000.00
• Ki d M - $21,411,790.00
• B P h - $25,000,000.00
• i mE h m - $14,454,000.00
Subtotal $119,057,209.00
Add Recommended Project
• S i w ES + $35,000,000.00
Total $154,057,209.00
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Questions And
Answers
Thank You
Division of Operations
&
Division of Capital Improvement
Thank you!
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