Miami-Dade AFR shows healthy reserves but warns of a ~13,000-student shortfall for 2025-26
Summary
The district's annual financial report shows healthy fund balances but projected enrollment declines for 2025-26 are larger than originally budgeted; leaders said reserves will cover near-term impacts but spending flexibility will tighten.
Mr. Ron Steiger and district finance staff presented Miami-Dade County Public Schools' annual financial report for the fiscal year ending June 30, 2025, telling the Audit and Budget Advisory Committee the district closed the year in a stable financial position but faces enrollment headwinds. The presenter said the district's published fund balance stands at about $295 million, with unassigned reserves exceeding $140 million.
On enrollment, the district said initial 2025-26 budget assumptions expected a modest decline but updated estimates show a larger shortfall. The presenter summarized the change: the tentative budget assumed an initial drop, but newer projections indicate an approximately 13,000‑student shortfall versus original expectations (the earlier estimate anticipated a 5,000‑student decline). "So we are prepared for that," the presenter said, adding that the district anticipates tightening operations and reducing positions where necessary but does not expect an immediate crisis because reserves provide a buffer.
Committee members asked how reduced enrollment would translate into recurring cost adjustments and where cuts would be targeted. District leaders said reductions will focus on central office positions and that the district will try to protect school‑level services. The AFR presentation was informational; committee members were informed the district will supply full forms and supporting materials to external reviewers as required.
