Finance staff on Thursday reviewed the district's final budget draft and outlined cash‑flow timing that, staff said, could put the district into negative cash in mid‑October unless the board adopts short‑term borrowing.

Budget figures and timing: Finance director Mr. Green said the district's general operating fund is about $238 million and that the board will adopt two resolutions on Sept. 9: one to set final millage rates and one to adopt a final budget. He described a total‑funds number he presented to the board in the workshop (spoken during the meeting as "total final budget, all funds of $420,000,356 $693"). Staff summarized the finance calendar and said the district must submit millage documentation within days after the hearing under state timelines.

Why the TAN is recommended: Mr. Green said roughly 75–80% of district funding is local property tax revenue and that those local receipts do not arrive until October/November. To cover payroll and other obligations until collections, staff recommended authority to issue a tax anticipation note (TAN) "not to exceed $15,000,000," Mr. Green said. He reported Wells Fargo was the most responsive bidder with a 3.99% interest quote and that the plan would invest proceeds in a short‑term Florida Prime account while drawn; he said Florida Prime yielded about 4.51% at the time of the presentation.

Charter school pro rata and budgets: Staff briefed trustees on charter funding and on the state’s pro rata transition schedule that moves a local pro rata share of capital toward 100%. Mr. Green also explained revisions to the per‑student family empowerment number (second‑calculation results) and noted the district is tracking FTE daily as enrollment updates arrive.

Fund balance and cash position: Mr. Green said the district's internal health of the insurance fund and other funds affect liquidity. He described projections that, with the current timing, the district would need the TAN to avoid a mid‑October cash shortfall unless collections come in earlier.

Board questions and next steps: Trustees asked for a clearer visual mapping of budget dollars to strategic plan priorities, repeating requests staff has heard in earlier workshops. Several trustees said they want a dashboard or pie chart showing the portion of the budget spent on instruction and asked staff to produce a clearer presentation aligned to strategy codes. Staff said the budgeting system’s existing state‑driven chart of accounts limits how neatly every expenditure can be cross‑walked, but said new Power BI dashboards are being developed to make cross‑walks easier.

The board will consider a TAN resolution and final millage/budget resolutions at public hearings scheduled for Sept. 9; staff said the TAN (if adopted) would likely be issued around Sept. 12 and repaid in mid‑September pay cycle dates cited in the presentation.

Ending: No action was taken at the workshop; staff asked for board guidance and told trustees final documents and resolutions will be posted and published per state law prior to the Sept. 9 hearing.