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District financial update: staff report revenues outpacing projections and a tentative budget with capital variances
Summary
Glynn County Schools staff presented the June 2025 audited report and March 2026 interim finances, reporting revenues above projections and a tentative budget showing variances primarily in capital projects tied to planned school replacements; final QBE and tax-assessor figures remain pending.
At the start of the meeting Miss Cody presented audited financial results for June 2025 and interim financials for March 2026. She told the board that "overall, our general fund revenues exceeded budget projections by $1,704,046" and that expenditures as of June 30 were at about 99.1% of budget. The presentation noted salaries and benefits accounted for the majority of general fund spending and that instruction remained the district's largest investment.
Miss Cody reported the general fund balance "increased from $25,200,089" to a figure read in the presentation (the transcript records this as $28,781,007,759, a figure that appears garbled in the record). She stated staff will confirm the precise figures and the final QBE allotment and tax-assessor data prior to the June work session.
On the tentative consolidated budget staff proposed modest adjustments from the prior presentation: a $50,000 increase to transportation to cover fuel and a $75,000 operating transfer for the district childcare program referenced in the presentation. The tentative consolidation shows general fund expenditures exceeding revenues by $1,796,100; a special revenue fund variance of $1,026,700 (largely attributed to workers' compensation premium payments); and capital-projects expenditures exceeding revenues by $45,583,600, driven in the presentation by the Glendale replacement project and ongoing East-phase work.
Miss Cody emphasized that the tentative budget is subject to change and that adjustments can be made after publication and before final adoption on June 16. Board members asked for the millage history and for staff to provide a list of grants rolling into the next fiscal year; staff agreed to supply grant details.
