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Flagler board hears tentative 2025-26 budget projecting $9M fund balance, tighter staffing
Summary
District staff told the Flagler County School Board on July 22 that the tentative 2025-26 budget projects a $9 million ending general fund balance for June 30, 2025 and estimates a $7.5 million balance for June 30, 2026 after planned reductions and necessary hires.
The Flagler County School Board on July 22 received a presentation of the district's tentative 2025-26 budget that projects an ending general fund balance of $9,000,000 for June 30, 2025 and a projected June 30, 2026 balance of $7,500,000, district finance staff said.
The projections “are right where we pretty much thought we were going to end up,” the presenter said, and the district reported a financial-condition ratio of 6.9%, compared with the board policy target of 5.8%. That ratio is the district’s ending fund balance as a share of total revenues and is used to gauge fiscal health.
Board members were told the decrease from a roughly $13,000,000 balance in the prior year is largely the result of state revenue…
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