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Flagler board approves 2025–26 annual financial and cost reports; general fund ends $11.2 million
Summary
The Flagler County School Board unanimously approved the district's 2025'26 annual financial report and cost report after finance staff reported a $11.2 million general fund balance and steps taken to avoid short-term borrowing.
The Flagler County School Board voted unanimously to approve the district's 2025'26 annual financial report and cost report at a special meeting, after finance presenter Patty Womack reported the district's general fund balance at $11,200,000, an unassigned balance of $10,200,000 and a financial condition ratio of 7.8%, within the board's 5% to 8% policy range. The board's action, made by Ms. Ruddy and seconded by Ms. Ramirez, passed without dissent. Womack said the submitted report will be filed with the Department of Education this week. Womack told the board the district used several strategies over the past year to build reserves, including holding open positions and not refilling certain roles, asking departments to take a 4% reduction in their budgets, and shifting capital and sales-tax resources where allowable. "Our general fund, fund balance is at 11,200,000.0. The unassigned amount…
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