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Cobb schools present pro forma showing $186.2 million unassigned fund balance; CFO says federal shutdown currently poses minimal effect
Summary
CFO David Baker presented the district's pro forma financial statement showing an estimated unassigned general-fund balance of $186,200,000 as of 06/30/2025, above the board's one-month reserve target; staff said federal grant drawdowns were continuing and there was no current indication of disrupted reimbursements due to the federal shutdown.
At the Oct. 16 Cobb County School Board work session, Chief Financial Officer David Baker presented the district's pro forma financial statement for the fiscal year ending June 30, 2025, summarizing estimated general-fund revenues and expenditures and the district's year-end position.
Baker told the board the pro forma shows an estimated unassigned general-fund balance of $186,200,000, down from $198,300,000 the prior year but "comfortably in excess" of the board's one-month reserve target of $139,500,000. "Although unassigned fund balance decreased slightly from…
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