The Florida Virtual School Board of Trustees voted to approve a second amendment to the FY25–26 budget that updates estimated revenues and appropriations, increasing the general fund ending balance by $6.9 million.

Corey Wheeler, senior director of financial and treasury services, told trustees the amendment recognizes updated enrollment completions and revenue projections. "Completions for flex total 147,200 as shown in red, an increase of 13,941 from the prior year of 133259," Wheeler said, and presented accompanying revenue and expenditure figures for the general and enterprise funds.

Wheeler said year-to-date general fund revenues through Sept. 30 increased from $88,400,000 in the prior year to $89,700,000 in the current year, and that fiscal year-end revenues are projected to increase from $358,500,000 to $385,300,000. He reported year-to-date expenditures rose from $74,100,000 to $77,000,000 and that the fund balance is anticipated to remain at about $146,100,000.

On the enterprise fund, Wheeler reported projected revenues will rise and expenditures will increase, producing a net decrease of $150,000 in the enterprise fund ending balance (from $73,350,000 to $73,200,000). He said transfers out of $9,000,000 are planned to fund course development and operating-development projects.

A trustee moved and another seconded the recommended action. The board voted by voice and the chair announced the motion carries.

The board minutes record the amendment as approved; no speaker requested a roll-call vote during this item. The next financial update is expected in the board packet for the following quarter.