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Duval finance update: board hears budget resolution, fund‑balance uncertainty tied to state 'fourth calculation'
Summary
District budget staff told the board the general fund is in a stronger position compared with last year but cautioned that the state 'fourth calculation' could change the district’s fund-balance estimate; staff reported increased cash liquidity and recent classroom investments.
District budget officials briefed the Duval County School Board on Nov. 4 about a September 2025 budget resolution and the district’s financial position, saying the general fund balance is stronger than a year ago but remains subject to change pending a state funding ‘‘fourth calculation.’’
Ron Fagan, a district budget official, and other staff presented the monthly financials and the budget resolution. Fagan said the district’s cash position is strong and that the general fund balance was ‘‘running about $151,000,000’’ in the preliminary financials, but he cautioned that the pending state fourth calculation could alter…
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