Glynn County Schools adopt $197.1 million FY2026 budget with $25.2 million fund balance

The Glynn County Board of Education on June 10 approved a $197,086,700 fiscal year 2026 budget that keeps revenues and expenditures in balance and projects a $25,200,089 general fund balance.

Board members voted to adopt the budget after staff presented April financial statements and two small budget amendments. The board also reviewed the district’s capital projects program tied to East Blos 3–5 and heard that tax collections for the year-to-date have exceeded the current budget.

Miss Cody, a staff member who presented the district finances, said the general fund revenues are projected assuming an 8% increase in the tax digest and a 97% collection rate, and that local tax revenue was calculated using the current millage rate of 14.9. Cody reported that general fund revenues and expenditures were each budgeted at $197,086,700, leaving the $25,200,089 balance.

Cody told the board that April tax collections had exceeded budget by $946,824, driven mainly by title ad valorem tax, and that she increased the draft FY2026 budget by $1 million to offset that overage. She also reported revenues at 91.3% of budget, expenditures at 78.9% and investment interest earnings for April of $594,311.72.

The board was also informed of two April budget amendments: an increase of $38,200 in revenues and expenditures for a dyslexia grant and a reduction of $417,000 in revenues and expenditures for a heavy equipment grant. Cody said the special revenue fund shows an estimated expenses-over-revenues position of $1,677,700, driven mainly by workers’ compensation payments that will be covered from the workers’ comp fund balance.

Capital projects discussed included the Coastal Community Center for the Arts (the main East Blos 3 project), the Glendale Elementary replacement (East Blos 4), and a list of planned work in East Blos 5 including a Brunswick High School (BHS) multipurpose facility, Old Gym renovation, and stadium renovations. Cody noted ESPLOS 3 and 4 collections are fully collected while expenditures continue for projects in those series.

After discussion, Motion by Mister Hosey, second by Mister Jackson, the board approved the FY2026 budget. The motion carried unanimously.

The board did not identify any changes to the millage rate during the meeting; the budget figures reflect the current millage assumption presented by staff. Staff also noted that some capital projects are contingent on permits and reimbursements, including county land disturbance permits for the Glendale replacement site work, and therefore timelines remain subject to those approvals.

The budget vote followed an earlier work session where capital projects and collection reports were reviewed; the board then returned to open session and approved the budget during the regular meeting.