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Board adopts revised 2025–26 budget after discussion of enrollment, federal revenues and capital projects
Summary
Trustees adopted a revised 2025–26 budget based on updated Florida DOE counts (Survey 2 / third FEFP calculation), which reflected a net systemwide enrollment decline of about 60 students, adjustments to federal program revenues (Title I/II/other) and capital‑project borrowing to close campus buildouts.
The Lake Wales Charter Schools board on Wednesday adopted a revised 2025–26 budget after receiving detailed explanations from the chief financial officer about updated state funding calculations, school‑by‑school enrollment changes and capital needs.
CFO El Ricky Smith told trustees the revised budget uses the Florida Department of Education’s third FEFP calculation and Survey 2 counts to estimate revenues. That process produced a net reduction of roughly 60 students systemwide compared with prior adopted estimates, and a projected FEFP impact of about $375,000. Smith said the revised numbers also account for recently allocated federal program…
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