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Hendry schools CFO outlines budget uncertainty, suggests boosting reserves amid late state counts
Summary
CFO Adams told the board that late state budget calculations and several revenue uncertainties have left the district with a projected variance and prompted a recommendation to consider raising restricted fund balance from 6% to 9% for brick‑and‑mortar funds; no board vote was taken.
Chief Financial Officer Adams briefed the board on the district’s fiscal position, saying a late state legislative session and delays in official enrollment and funding counts have created uncertainty for the 2025–26 budget.
Adams said the state’s “first calculation” was released late on a Friday night and the second calculation is required July 19; a previously expected “fourth count” does not appear likely. Because of the timing and several variables, Adams said the district is preparing conservatively and that preliminary calculations showed about a $3 million variance in the fund balance compared with earlier plans. He described that change…
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