Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the School Facilities topic
No spam. Unsubscribe anytime.
Committee reviews $43.9M school facility preservation program and per‑pupil SFA estimates
Summary
Finance staff outlined a $43.9 million School Facility Preservation Program budget for FY 2026, with estimated per‑pupil SFA funding around $945 and SFA deposits projected near $27.3M; staff described use of a revolving loan for schools with shortfalls.
The committee received an overview of the School Facility Preservation Program (SFA) and related capital revenues during the July 28 meeting. Miss Veal said the program is budgeting "about 43,900,000" in revenue for the fiscal year, drawn from capital millage, a small portion of sales tax, and investment interest.
She told members that roughly 26.8% of that total comes from the capital millage and about 15.7% from sales-tax sources; the district estimates about $945 per pupil for the year and SFA deposits around $27,300,000. Miss Veal described a revolving loan fund that allows schools whose SFA balances are insufficient for a particular project to borrow and repay from future SFA allocations.
Staff noted that some project-level details — including assessor fees, collection fees and private debt service for non-district facilities — will be discussed in the property committee. Board members asked for more project-level reporting and were told additional schedules and project lists will be provided to the property committee and full board.
