001added 32 classrooms. In 2017, Cooper High School band ran edition, turf and track renovations at both the high school, partial roof replacements at Rocky Ridge Elementary and Simmons Middle School. In 2019, Rivercase Career Connection Center renovations in 2020, various HVAC projects, roofing projects. In 21, Barry Middle School classroom additions and the FDA Park elementary school renovation and a variety of roofing projects. In 2022, the various roofing HVAC projects were completed in 2023 and four theater, athletic field upgrades for Spain Park High School, Hoover High School, and Bumpus Middle and uh roofing project additional roofing projects in elementary school. In 2020, 2020 to 2024, we've had 69 new buses to serve additional subdivisions and all of our playgrounds have been upgraded. The total principal interest payments will even out beginning 2027 until the final payment is
002made in 2040. Total principal interest payments due until full maturity in 24 2040 or 157.2 million. The capital project fund accounts for financial resources used to acquire capital assets or to construct major capital facilities. We have proposed using 100% of the state funds received for complete renewal and capital outlay city schools will spend 4.5 million anticipated revenue to cover the cost of capital projects approved in May. These projects are included here with total projected uh expenditures of 27.7 million in anticipated revenue to be 4.5. We will withdraw from our reserves for savings and anticipated 23 million. Keep in mind 17 million of this projected expenditure is funds already received in FY2 fund. FY25 now held in savings for FY26 projection. We are we are awaiting the allocation for FY20 26 advancement and technology funds. In
003FY24 we receive 13.2 million and FY25 we receive 14.7 million. This allocation will be reflected in the FY26 budget amendment presented annually in June. It is important to note that the budget does not reflect any new allocations in this funding source until past as this report follows the same format as your monthly financials. Upon approval, the budget will be submitted to the state department, the state superintendent with doc Dr. Mackey's final review and approval. General fund anticipates revenues and transfer in equivalent of 219.9 million with anticipated expenditures equaling 247.6 million. The excess expenditures and other sources over revenues and funds used are intended to cover additional capital projects. Previously, it was mentioned that 6 million of the 27.7 million allocated for capital projects is currently in reserves and will be rolled into the fund balance
004as of 9:30 2026. Typically, this excess amount aligns with our capital projects. However, this year we are drawing slightly more to accommodate debt service and capital projects. If you take a look at the beginning fund balance, we initially proposed during the budget amendment ending FY25 with a fund balance of9.6 million. However, we now anticipate ending the year with an additional 38.9 million due to delayed capital project, increased loal revenues, and cautious financial decisions made by the district administrators. A desired fund balance equates five months operating reserves or 103.2 million. With a projected ending fund balance of 148.6 million, we are expected to end at 125 with reserve in six months. Please remember this budget is a projection for actual revenue received as of August the 28th, 2025. As additional as additional revenue and expenditures are
005required throughout the year, the fund balance will fluctuate from month to month. However, this is a snapshot of how the district would end September the 30th, 2026 if the revenues and expenditures stayed actually as projected. This bar graph represents a historical historical view of the year in fund balance. Please know that we are projecting to remain steady in the last year's of projection. As we leave today, please remember these six key takeaways from our FY26 budget presentation. The timing of revenues and expenditures can significantly impact our financial statement from year to year. Our revenue stream is directly tied to the economy. Salaries and benefits are determined by an individual's experience and certification. We have consistently avoided spending more than we earn. Our rain rainy day fund is used for major capital projects. The district has
006not taken on new debt since 2017. Looking ahead, it will be important for the district administrators to share with legislative leaders the importance of keeping public funds in public schools. Enacted tax credits such as sales tax holidays and grocery tax reductions are diverting millions from the PTF and reducing revenues available for public education. Share with legislative and SDP leaders, increasing costs associated with mental health, specialized services for children with disabilities, and adequately staffing nurses to meet health needs of our students. Encourage funding based on high cost of students require requiring these specialized services. 30 nurses serving 41 diabetics, two tracheosttoies, 23 students requiring G2 feeding performing 46 feedings per day, four nurses on bus routes, and 69 who require a nurse to attend field trips and extracurricular activities. Nurse Kent has updated our 80 fleet
007from 87 throughout the district to 87 ADS throughout the district. Continue to share with legislative leaders with difficulty in recruiting and retaining highly qualified employees in their profession. Encourage allocations from the foundation for nurses based on the number of students served at each school and for custodians based on the square footage of facilities. And as I close, we have been and continue to be blessed with the funds to care for and construct facilities for our instructional and extracurricular activities. We have adjusted our salary, our certified salary schedule so that we are more competitive with surrounding districts, but we still have work to do. Next year, I hope we can look at the compensation of our support staff. The existing challenges in doing so is that I cannot cut our reoccurring expenditures without impacting the instructional
008integrity of the city schools. Therefore, I'm asking those listening this morning to help me find additional revenue streams to support all the assets who receive schools. Thank you so much for your time and if you have any questions or recommendations, please take me or call me. >> Anybody have any questions? >> I have I have a few. So, we're projecting that that um we will end with a six-month operating reserve. If we needed to build a a school, what what would that leave our operating reserve if we had to pull out enough money to build say an elementary school? >> So, if so, if we were building a school at a $50 million, that's that's quite conservative. a $50 million would reduce our month to 3.9. That would be without drops that reserve in a
009hurry, doesn't it? >> Um I I think um and obviously I've only been here two years, but I think the the school district should be commended for being such good stewards of funds. not having borrowed money since 2007 is absolutely phenomenal when our facilities continue to age um each and every year. So um I think there's something to be said about that. Um and my other question involves um the cost of special education which continues to rise. Uh the total amount u of expenditures for special education this year um is that in [Music] >> 37 million or so I think I'm not sure of of the total cost for special education how much of that is funded by state and federal revenues >> we have the IDA which is So we've received 2 million877,526 from
010special education, >> which is a drop in the bucket from what we're actually >> we have 37,454,000. So would you say that again for everyone running? What's the total cost? >> $37,454,19. >> Okay. 37 million. We received a little over 2 million 2.8 million. Um, do we and I'm assuming receive some state dollars for >> Well, those will back it up more um where she applies for grants um and she gets uh she had $821,500 in grants. We also um have the support of our federal banks reimbursement which is came in last year in 24 for 1.3 million. We've not received allocations allocation 25 because they pay we we require reimbursement um every quarter. So they are behind on those rein. Thank you.