Public Hearing - Finance

Wednesday, February 19, 2025 · School board meeting record

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AI summary

What the board considered

The Broward County School Board approved an amendment to move nearly $20 million from the capital reserve fund into the general operating fund for the 2024-2025 fiscal year. This action reduces the district's available capital reserve balance to support general budget requirements.

Why it matters

This decision shifts $19,910,518 from funds designated for capital projects to the general operating budget, which impacts the total liquidity available for school infrastructure and facility maintenance.

What happens next

No later meeting or follow-up date is stated in the reviewed record.

Public Hearing - Finance — Minutes

An official outcome record - an action agenda or minutes - is published for this meeting.

School district

District budget, millage, board meetings and members

Record text

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Minutes textPublic Hearing - Finance — Minutes

THE SCHOOL BOARD OF BROWARD COUNTY, FLORIDA

| 2025-02-19 | Public Hearing | | --- | --- | | CATEGORY: | F. Financial Management | | DEPARTMENT: | Capital Budget |

| Agenda Item Number: | 1. | | --- | --- | | Consent or Open Item: | Open | | Special Order: | NO | | Time for Special Order: | |

Amend the Budget to Increase the Capital Transfer to General Fund FY24-25

| TITLE: | Amend the Budget to Increase the Capital Transfer to General Fund FY24-25 | | --- | --- | | REQUESTED ACTION: | Approve the amendment to increase the capital transfer to the general fund. District-wide. |

This increases the Capital Transfer to the General Fund by $19,910,518 from $167,605,124 to $187,515,642. The funding will come from the Capital Reserve reducing the reserve from $67,027,136 to $47,116,618.

| Executive Summary | | --- | | | | | | | | | | |

STRATEGIC PLAN ALIGNMENT:

Student Focus Outcomes

OR Business Operations

(For Official School Board Records Only)

SOURCE OF ADDITIONAL INFORMATION

THE SCHOOL BOARD OF BROWARD COUNTY, FLORIDA

| Senior Leader & Title | | --- | | Romaneir Johnson, Chief Financial Officer | | Signature | | Romaneir Johnson, Chief Financial Officer | | Electronic Signature | | Form S4189 Revised 7/24 | | HH/JJS |

Romaneir Johnson

Name:

Phone: 754-321-1990

Romaneir Johnson, Chief Financial Officer

February 19,2025

Phone: 754-321-2080

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What the board considered

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Record text

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