SPECIAL SCHOOL BOARD MEETING - FINAL PUBLIC HEARING FOR THE PURPOSE OF ADOPTING THE FY 2025-2026 MILLAGE/BUDGET

1 Thursday, September 11, 2025 SPECIAL SCHOOL BOARD MEETING - FINAL PUBLIC HEARING FOR THE PURPOSE OF ADOPTING THE FY 2025-2026 MILLAGE/BUDGET 5:30PM ST. JOHNS COUNTY SCHOOL DISTRICT 40 ORANGE STREET - AND VIA WEBEX ST. AUGUSTINE, FLORIDA 32084 1. CALL TO ORDER BY THE BOARD CHAIR 2. ROLL CALL OF BOARD MEMBERS 3. OPENING COMMENTS FROM THE SCHOOL BOARD AND SUPERINTENDENT 4. PRESENTATION OF THE FY 2025-2026 SJCSD FINAL MILLAGE AND BUDGET Subject 4.01 Presentation of the FY 2025-2026 SJCSD Millage and Budget Meeting Sep 11, 2025 - SPECIAL SCHOOL BOARD MEETING - FINAL PUBLIC HEARING FOR THE PURPOSE OF ADOPTING THE FY 2025-2026 MILLAGE/BUDGET Category 4. PRESENTATION OF THE FY 2025-2026 SJCSD FINAL MILLAGE AND BUDGET Type Information Goals GF-4 Maximize Resources File Attachments FY 2025-26 Budget Presentation Final Public Hearing September 11, 2025.pdf (2,107 KB) 5. PUBLIC HEARING OF THE 2025-2026 SJCSD FINAL MILLAGE AND BUDGET 6. REQUEST FOR ADOPTION OF THE RESOLUTION DETERMINING THE FY 2025-2026 REVENUE AND MILLAGES LEVIED FOR THE REQUIRED LOCAL EFFORT, BASIC DISCRETIONARY AND CAPITAL IMPROVEMENT Subject 6.01 Request for Adoption of the Resolution Determining the FY 2025-2026 Revenue & Millage Levied for the Required Local Effort, Basic Discretionary and Capital Improvement in addition to the Voted Additional Millage Meeting Sep 11, 2025 - SPECIAL SCHOOL BOARD MEETING - FINAL PUBLIC HEARING FOR THE PURPOSE OF ADOPTING THE FY 2025-2026 MILLAGE/BUDGET Category 6. REQUEST FOR ADOPTION OF THE RESOLUTION DETERMINING THE FY 2025-2026 REVENUE AND MILLAGES LEVIED FOR THE REQUIRED LOCAL EFFORT, BASIC DISCRETIONARY AND CAPITAL IMPROVEMENT Type Action Goals GF-4 Maximize Resources Background Information: Each year, St. Johns County School District must determine Revenue and Millages to be levied. Required Local Effort 3.017 Prior Period Adjustment 0.007 Basic Discretionary 0.748 Additional Millage not to exceed 4 years (Operating) 1.000 Capital Improvement 1.500 Total Millage 6 .272 Educational Impact: The Millages support a wide spectrum of educational opportunities across the District. Strategic Plan Impact: Our budget is a revenue and expense plan that ensures financial stability for the District and the academic success of our students. Fiscal Impact: The FY 2025-2026 millages for Required Local Effort, Basic Discretionary and Capital Improvement will contribute to the day-to-day operations of the District and the capital needs of the District, including the retirement of Certificates of Participation debt. The Additional Millage Not to Exceed 4 Years was voted on by the community and it financially supports the district to recruit and retain, invest in safety and student welfare and preserve and enhance educational programs. Recommendation: Adoption of the Resolution Determining the FY 2025-2026 Revenue & Millage Levied for Required Local Effort, Basic Discretionary and Capital Improvement in addition to the Voted Additional Millage. Action Required: Approval of the Superintendent's Recommendation. Drafted, reviewed and submitted by: Amy Snodgrass, Director for Budget Cathy Weber, Chief Financial Officer Sincerely, Dr. Brennan Asplen Superintendent of Schools File Attachments Resolution re 2025-2026 Revenue & Millage Sept 2025.pdf (265 KB) 7. REQUEST FOR THE ADOPTION OF THE RESOLUTION ADOPTING THE FINAL BUDGET FOR THE FY 2025-2026 Subject 7.01 Request for the Adoption of the Resolution Adopting the Final Budget for FY 2025-2026 Meeting Sep 11, 2025 - SPECIAL SCHOOL BOARD MEETING - FINAL PUBLIC HEARING FOR THE PURPOSE OF ADOPTING THE FY 2025-2026 MILLAGE/BUDGET Category 7. REQUEST FOR THE ADOPTION OF THE RESOLUTION ADOPTING THE FINAL BUDGET FOR THE FY 2025-2026 Type Action Goals GF-4 Maximize Resources Background Information: Each year, the St. Johns County School District must approve a budget describing both revenue and expenses. The FY 2025-2026 SJCSD budget by fund is as follows: Fund Name Budget Revenue Transfers & Fund Balance Budgeted Expenses & Transfers Budgeted Fund Balance General $ 626,974,282.00 $ 569,570,410.00 $ 57,403,872.00 Capital Outlay $ 662,290,945.00 $ 662,290,945.00 $ - Debt Service $ 57,265,018.00 $ 37,029,288.00 $ 20,235,730.00 Special Revenue $ 50,629,474.00 $ 39,814,089.00 $ 10,815,385.00 Subtotal $ 1,397,159,719.00 $ 1,308,704,732.00 $ 88,454,987.00 Internal Service $ 141,421,082.00 $ 88,391,248.00 $ 53,029,834.00 Total $ 1,538,580,801.00 $ 1,397,095,980.00 $ 141,484,821.00 Educational Impact: The budget supports a wide spectrum of educational opportunities across the District. Strategic Plan Impact: Our budget is a revenue and expense plan that ensures financial stability for the District and the academic success of our students. Fiscal Impact: This $1,538,580,801.00 budget is the District's FY 2025-2026 Fiscal Plan. Recommendation: Adoption of the Resolution Adopting the Final Budget for the Fiscal Year 2025-2026. Action Required: Approval of the Superintendent's Recommendation. Drafted, reviewed and submitted by: Amy Snodgrass, Director for Budget Cathy Weber, Chief Financial Officer Sincerely, Dr. Brennan Asplen Superintendent of Schools File Attachments Resolution RE Adoption of 2025-2026 Final Budget September 2025.pdf (742 KB) 8. PUBLIC COMMENT 9. CLOSING COMMENTS FROM THE SCHOOL BOARD AND SUPERINTENDENT 10. ADJOURNMENT