5. TENTATIVE BUDGET ADOPTION MEETING AT 5:05 P.M. in the Board Room

0 Wednesday, July 30, 2025 5. TENTATIVE BUDGET ADOPTION MEETING AT 5:05 P.M. in the Board Room This meeting is open to the public. Agenda Topic Speakers heard at this meeting. Please call the Board Office at 561-434-8136 to sign up by noon the day of the meeting, send written comments to boardoffice@palmbeachschools.org, or turn in a blue card to the Board Clerk prior to this meeting being called to order. 1. Call To Order Subject Start Time - Chairman Opens Meeting - Board Clerk Takes Attendance Meeting Jul 30, 2025 - 5. TENTATIVE BUDGET ADOPTION MEETING AT 5:05 P.M. in the Board Room Category 1. Call To Order Type Procedural File Attachments 2. Agenda Speakers Subject Budget Advisory Committee Report Meeting Jul 30, 2025 - 5. TENTATIVE BUDGET ADOPTION MEETING AT 5:05 P.M. in the Board Room Category 2. Agenda Speakers Type Information DESCRIPTION : Written report from Budget Advisory Committee Vice-Chairwoman Rebecca Zissel. Strategic Themes (choose all that apply):  A. Academic Excellence and Growth  B. Student-Focused Culture  C. Mental Health and Wellness  D. Committed and Impactful Employees Priority Outcomes (choose all that apply):  Educate  Affirm  Inspire File Attachments BAC Report - FY26 Budget.pdf (68 KB) 3. Opening Comments Subject CFO Report Meeting Jul 30, 2025 - 5. TENTATIVE BUDGET ADOPTION MEETING AT 5:05 P.M. in the Board Room Category 3. Opening Comments Type Information DESCRIPTION : Presentation from Chief Financial Officer. Strategic Themes (choose all that apply):  A. Academic Excellence and Growth  B. Student-Focused Culture  C. Mental Health and Wellness  D. Committed and Impactful Employees Priority Outcomes (choose all that apply):  Educate  Affirm  Inspire File Attachments FY26 Budget-Public Hearing Tentative Budget adoption - 7_30_25.pdf (1,319 KB) 4. ITEM FOR APPROVAL Subject B1 Resolution Adopting Tentative Millage Rates Meeting Jul 30, 2025 - 5. TENTATIVE BUDGET ADOPTION MEETING AT 5:05 P.M. in the Board Room Category 4. ITEM FOR APPROVAL Type Action Recommended Action I recommend the Board adopt the millage levy of 6.3210 mills for FY 2026. This total millage levy is made up of 3.062 mills for Required Local Effort, 0.0110 mills for Prior Period RLE Adjustment, 0.748 mills for Discretionary Operating Funds, 1.500 mills for Local Capital Improvement, and 1.000 mills for Additional Operating Funds. DESCRIPTION : A breakdown of the proposed millage rate as compared to the rolled back rate is as follows: Proposed Rolled Back % Increase Millage Rate (Decrease) Required Local Effort (RLE) 3.0620 2.9381 4.22% Prior Period RLE Adj 0.0110 0.0115 (4.35%) Discretionary Operating 0.7480 0.7196 3.95% Local Capital Improvement 1.5000 1.4431 3.94% Additional Operating 1.0000 0.9621 3.94% Total Mills 6.3210 6.0744 4.06% CONTACT : Heather Frederick, CPA, Chief Financial Officer (heather.frederick@palmbeachschools.org) FINANCIAL IMPACT : The proposed millage rates will generate revenues of $2,271,641,302 from local taxes for operating and capital expenditures during FY 2026. Strategic Themes (choose all that apply):  A. Academic Excellence and Growth  B. Student-Focused Culture  C. Mental Health and Wellness  D. Committed and Impactful Employees Priority Outcomes (choose all that apply):  Educate  Affirm  Inspire File Attachments B-1 Resolution Adopting Tentative Millage Rates FY26.pm signed.pdf (107 KB) Motion & Voting I recommend the Board adopt the millage levy of 6.3210 mills for FY 2026. This total millage levy is made up of 3.062 mills for Required Local Effort, 0.0110 mills for Prior Period RLE Adjustment, 0.748 mills for Discretionary Operating Funds, 1.500 mills for Local Capital Improvement, and 1.000 mills for Additional Operating Funds. Motion by Marcia Andrews, second by Erica Whitfield. Final Resolution: Motion Passes Yea: Marcia Andrews, Gloria Branch, Karen Brill, Edwin Ferguson, Matthew Jay Lane, Virginia Savietto, Erica Whitfield Subject B2 Resolution Adopting Tentative Budget Meeting Jul 30, 2025 - 5. TENTATIVE BUDGET ADOPTION MEETING AT 5:05 P.M. in the Board Room Category 4. ITEM FOR APPROVAL Type Action Recommended Action I recommend the Board adopt the tentative District summary budget in the amount of $5,872,280,380 for FY 2026. This includes the District organization chart and School Board's Statement of its Organization and Operation. DESCRIPTION : Resolution Adopting Tentative Budget General Fund $3,195,607,835 Special Revenue-Food Service 177,716,457 Special Revenue-Other 121,816,971 Debt Service 356,991,614 Capital Projects 2,396,786,052 Sub-Total $6,248,918,929 Less Transfers ( 376,638,549) Total Funds $5,872,280,380 CONTACT : Heather Frederick, CPA, Chief Financial Officer (heather.frederick@palmbeachschools.org) FINANCIAL IMPACT : The financial impact to the School District is a budget of $5,872,280,380 in all funds for FY 2026. Strategic Themes (choose all that apply):  A. Academic Excellence and Growth  B. Student-Focused Culture  C. Mental Health and Wellness  D. Committed and Impactful Employees Priority Outcomes (choose all that apply):  Educate  Affirm  Inspire File Attachments B-2 Resolution Adopting Tentative Budget FY26 DRAFT.pm signed.pdf (110 KB) FY26 Budget Book Tentative.pdf (9,319 KB) Motion & Voting I recommend the Board adopt the tentative District summary budget in the amount of $5,872,280,380 for FY 2026. This includes the District organization chart and School Board's Statement of its Organization and Operation. Motion by Gloria Branch, second by Erica Whitfield. Final Resolution: Motion Passes Yea: Marcia Andrews, Gloria Branch, Karen Brill, Edwin Ferguson, Matthew Jay Lane, Virginia Savietto, Erica Whitfield 5. ADJOURN Subject END TIME Meeting Jul 30, 2025 - 5. TENTATIVE BUDGET ADOPTION MEETING AT 5:05 P.M. in the Board Room Category 5. ADJOURN Type Action Recommended Action Motion to adjourn the meeting. File Attachments Motion & Voting Motion to adjourn the meeting. Motion by Gloria Branch, second by Marcia Andrews. Final Resolution: Motion Passes Yea: Marcia Andrews, Gloria Branch, Karen Brill, Edwin Ferguson, Matthew Jay Lane, Virginia Savietto, Erica Whitfield