Forsyth County Schools updates FY27 timeline and reports April 2026 finances; collections slightly behind last year

Finance staff updated the board on the FY2027 budget timeline and presented April 2026 financial statements at the May 12 meeting.

Larry Hamill said the district adjusted the timeline after a delayed gubernatorial signature and the passage of Senate Bill 33, which affects tax reporting. Hamill proposed a budget presentation on May 26, millage hearings in June, and a tentative adoption date in late June.

On financials, Hamill reported the district began the month with about $263,000,000 in cash and was down to about $219,000,000 after supplement payouts, including a governor-approved supplement in the "10 plus million dollars" range. April revenue was approximately $33,900,000, with collections at about 89.56% compared with 89.92% the previous year. He noted roughly $5,000,000 outstanding in Avalon tax and said timing—not an inability to collect—was likely the reason for lower short-term collections.

Hamill reviewed expenditures (year-to-date payouts around $79,000,000 and payout percent ~83.85%) and debt-service cash analysis (about $11,500,000). He said SPLOST balances were about 4.8 (down from 10.9 last year) and that capital-project and school-food balances were being monitored. Hamill advised the board that timing of receipts and a few large utilities and property payments explain much of the short-term fluctuation.

Board members asked clarifying questions; staff said they would continue monitoring, prepare charts for upcoming meetings and return with the proposed budget schedule and related materials.

No formal vote was requested on the financial presentation.