Board Meeting and Public Hearing - Approval of Final Budget 26/27

Page 1 Minutes September 8, 2025 Special Meeting and Public Hearing - 5:30 PM Manatee County School District 215 Manatee Avenue West Bradenton, FL 34205 www.manateeschools.net Times Indicated Are Approximate Attendee Name Status Dr. Laurie Breslin, Superintendent Rachel Sellers, Deputy Superintendent of Business Services Willie Clark, Deputy Superintendent of Operations Derek Jensen, Deputy Superintendent of Instruction Kevin Chapman, Associate Superintendent Cindy Spray, Chair Richard Tatem, Vice-Chair Heather Felton, Board Member Charles Kennedy, Board Member Chad Choate, Board Member Stephen Dye, Board Attorney Present 1) CALL TO ORDER Chair Spray called the Meeting to order at 5:30 PM and led a Moment of Silence in honor of September 11. 2) DISTRICT PURPOSE STATEMENT The District Purpose Statement was read by Chair Spray. 3) Pledge of Allegiance Vice-Chair Tatem led the Pledge of Allegiance. 4) APPROVAL OF THE AGENDA 4.1 Motion to Approve the Agenda RESULT: Adopted [UNANIMOUS] MOVER: Charles Kennedy SECONDER: Heather Felton AYES: Chad Choate, Cindy Spray, Heather Felton, Charles Kennedy, Richard Tatem 5) PUBLIC COMMENT AND RESPONSES 1. Rodney Jones 2. Kevin Jackson 6) PUBLIC HEARING – FINAL MILLAGE AND BUDGET FOR FISCAL YEAR 2026-2027

Page 2 Chair Spray closed the Regular Meeting and opened the Public Hearing at 5:40 PM for the Board to hear presentation and public comments regarding the 2026-2027 tentative millage rates and tentative budget and answer questions related thereto. 6.1 Presentation of the 2026-2027 Final Millage Rates and Final Budget Mrs. Rachel Sellers, Deputy Superintendent of Business Operations, provided the Board the following presentation regarding the Final Millage: 2026-2027 Final Millage and Budget Hearing • Agenda • Florida Education Finance Programs (FEFP) • Proposed Millage Parts • Comparison of Millage Rates and Revenues • Rolled-Back Rate • Millage Rate Trends • Final Millage – Average Impact on Real Estate Taxpayer • Final Budget – All Funds • General Fund Transition Tentative to Final Budget The Board asked questions and held discussion throughout the presentation. After a point of order from the Board attorney, Chair Spray made a call for public comment. No member of the public came forward for comment; Chair Spray closed the Public Hearing and reconvened the Regular Meeting of the School Board at 6:03 PM. 7) NEW BUSINESS (Non-Consent) 7.1 Motion to Approve the Annual Financial Report and All Official Parts Thereof for the Fiscal Year Ended June 30, 2026 RESULT: Adopted [UNANIMOUS] MOVER: Chad Chaote SECONDER: Charles Kennedy AYES: Chad Choate, Cindy Spray, Heather Felton, Charles Kennedy, Richard Tatem 7.2 Motion to Approve the Budget Amendments for June 2026 RESULT: Adopted [UNANIMOUS] MOVER: Charles Kennedy SECONDER: Heather Felton AYES: Chad Choate, Cindy Spray, Heather Felton, Charles Kennedy, Richard Tatem 7.3 Approval of the Final Millage Rates for Fiscal Year 2026-2027 7.3a. Motion to Approve the Required Local Effort Millage for the Fiscal Year 2026-2027 of 3.027 Mills. RESULT: Adopted [UNANIMOUS] MOVER: Charles Kennedy SECONDER: Chad Choate AYES: Chad Choate, Cindy Spray, Heather Felton, Charles Kennedy, Richard Tatem 7.3b. Motion to Approve the Discretionary Operating Millage for the Fiscal Year 2026-2027 of 0.748 Mills RESULT: Adopted [UNANIMOUS] MOVER: Charles Kennedy

Page 3 SECONDER: Heather Felton AYES: Chad Choate, Cindy Spray, Heather Felton, Charles Kennedy, Richard Tatem 7.3c. Motion to Approve the Additional Operating (Voted Levy) Millage for the Fiscal Year 2026-2027 of 1.000 Mill RESULT: Adopted [UNANIMOUS] MOVER: Heather Felton SECONDER: Charles Kennedy AYES: Chad Choate, Cindy Spray, Heather Felton, Charles Kennedy, Richard Tatem 7.3d. Motion to Approve the Local Capital Outlay Millage for the Fiscal Year 2026-2027 of 1.500 Mills RESULT: Adopted [UNANIMOUS] MOVER: Charles Kennedy SECONDER: Chad Choate AYES: Chad Choate, Cindy Spray, Heather Felton, Charles Kennedy, Richard Tatem 7.3e. Motion to Approve the Resolution Numbered 2026-003 Adopting the Fiscal Year 2026- 2027 Total Millage of 6.275 mills RESULT: Adopted [UNANIMOUS] MOVER: Heather Felton SECONDER: Charles Kennedy AYES: Chad Choate, Cindy Spray, Heather Felton, Charles Kennedy, Richard Tatem 7.3f. Motion to Approve the Resolution Numbered 2026-004 Adopting the Fiscal Year 2026- 2027 Florida Department of Education Form ESE 524 – Resolution Determining Revenues and Millages Levied of 6.275 Mills RESULT: Adopted [UNANIMOUS] MOVER: Chad Choate SECONDER: Richard Tatem AYES: Chad Choate, Cindy Spray, Heather Felton, Charles Kennedy, Richard Tatem 7.4 Approval of the Final Budget for 2026 2027 7.4a. Motion to approve Resolution Number 2026-005 adopting the fiscal year 2026-2027 Final Budget in the amount of $1,661,179,073.00 RESULT: Adopted [UNANIMOUS] MOVER: Chad Chaote SECONDER: Charles Kennedy AYES: Chad Choate, Cindy Spray, Heather Felton, Charles Kennedy, Richard Tatem 8. INFORMATION ONLY (No Board Action Required) 8.1 Year to Date Charter School Financial Statement Summary Through June 30, 2025 9. Superintendent Remarks Superintendent Breslin thanked the finance and budget team for the work put into the creation and approval of the final budget. Superintendent also recognized Ms. Maliniak, Budget Director, for her service to the district and wished her a happy retirement. 10. Board Comments

Page 4 Board Member Felton provided an update on data regarding programs potentially affected by Amendment 3 coming on the ballot in November. Board Member Kennedy thanked Ms. Maliniak on her tenure in the district and wished her happy retirement. Board Member Choate thanked the staff for preparation of the final budget and presentation and congratulated Dr. Breslin on completing her first year as Superintendent. Vic- Chair Tatem thanked the Finance staff for their diligent work in preparing and finalizing the budget for the 2026–2027 school year. Referring to the applicable statute, Mr. Tatem stated that his approval was based on the budget’s provision for adequate education and concluded that the budget met this requirement. Chair Spray thanked the staff for the hard work preparing the final budget. 11) ADJOURNMENT Minutes: There being no further business to come before the Board, Chair Spray adjourned the meeting at 6:29 PM. ______________________________ Cindy Spray Chairman NOTICE Any person who desires to appeal any decision made by the School Board with respect to any matter considered at the above-mentioned meeting will need a record of the proceedings, and for such purpose may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which an appeal may be based. School Board meetings are held in accessible locations. Auxiliary aids will be provided, upon written request received at least 48 hours prior to the meeting, to participants with disabilities.

1. CALL TO ORDER 2. DISTRICT PURPOSE STATEMENT 3. VETERAN LED PLEDGE OF ALLEGIANCE 4. APPROVAL OF THE AGENDA 5. PUBLIC COMMENT AND RESPONSES (UP TO 60 MINUTES) Public comment is not an open forum to discuss matters unrelated to education, to support or oppose candidates for public office, or to engage in commercial speech attempting to sell a service or product to the School Board or public. Also, public comment is not a forum to attack individual school system employees or Board Members. Any such complaints should be submitted in writing to the Superintendent for appropriate handling. Finally, this is not a forum for addressing issues involving individual students. Because of privacy concerns, such issues should be submitted in writing to the Superintendent for appropriate handling. Each speaker is allowed three minutes to address the Board. Speakers must stand at the podium and not approach the dais. This is a business meeting of the School Board and the public expects that we conduct it in an orderly, efficient, effective and dignified manner. We request that speakers keep this in mind when making your comments. We also request that the audience keep that in mind and not demonstrate approval or disapproval of what a speaker has said by clapping or booing. The Board appreciates the public's input and will listen attentively, consider each comment, and usually will not respond, enter into debate, or answer questions during comments on agenda items or during the public comments section. PUBLIC INPUT INSTRUCTIONS: 1. Before you begin speaking, please provide any handouts to the Agency Clerk. 2. Please identify yourself only by your full name for the record. 3. You have no more than three minutes to speak. Please stop speaking when the bell rings. 4. Florida Law requires all citizens to conduct themselves in an orderly fashion at public meetings. 5 . WARNING: Any individual who interferes with the expeditious or orderly process of a School Board meeting, will be subject to removal from the meeting pursuant to Section 1001.372(3) Florida Statutes at the discretion of the Chair. Orderly fashion is deemed as, at a minimum (1) no profanity (2) no vulgar language (3) no discourteous, disrespectful, or disparaging conduct. Agenda Final 2026-2027 Millages and Budget September 8, 2026 School Board of Manatee County Regular Board Meeting and Public Hearing - 5:30 PM Walter Miller School Support Center Board Room Times Indicated are Approximate 1

6. PUBLIC HEARING 1. Public Hearing 2026-2027 Final Millage Rates and Final Budget 7. NEW BUSINESS (Non-Consent Items) 1. Approval of the Annual Financial Report and All Official Parts Thereof for the Fiscal Year Ended June 30, 2026, (No Fiscal Impact) 2. Approval of the Budget Amendments for June 2026 (No Financial Impact) 3. Approval of the Final Millage Rates for Fiscal Year 2026-2027 4. Approval of the Final Budget for 2026-2027 8. INFORMATION ONLY (No Board Action Required) 1. Year-to-Date Charter School Financial Statement Summary Through June 30, 2026 9. SUPERINTENDENT REMARKS 10. BOARD COMMENTS 11. ADJOURNMENT 2

1. CALL TO ORDER 2. DISTRICT PURPOSE STATEMENT 3. PLEDGE OF ALLEGIANCE 4. APPROVAL OF THE AGENDA 5. PUBLIC COMMENT AND RESPONSES (UP TO 60 MINUTES) Public comment is not an open forum to discuss matters unrelated to education, to support or oppose candidates for public office, or to engage in commercial speech attempting to sell a service or product to the School Board or public. Also, public comment is not a forum to attack individual school system employees or Board Members. Any such complaints should be submitted in writing to the Superintendent for appropriate handling. Finally, this is not a forum for addressing issues involving individual students. Because of privacy concerns, such issues should be submitted in writing to the Superintendent for appropriate handling. Each speaker is allowed three minutes to address the Board. Speakers must stand at the podium and not approach the dais. This is a business meeting of the School Board and the public expects that we conduct it in an orderly, efficient, effective and dignified manner. We request that speakers keep this in mind when making your comments. We also request that the audience keep that in mind and not demonstrate approval or disapproval of what a speaker has said by clapping or booing. The Board appreciates the public's input and will listen attentively, consider each comment, and usually will not respond, enter into debate, or answer questions during comments on agenda items or during the public comments section. PUBLIC INPUT INSTRUCTIONS: 1. Before you begin speaking, please provide any handouts to the Agency Clerk. 2. Please identify yourself only by your full name for the record. 3. You have no more than three minutes to speak. Please stop speaking when the bell rings. 4. Florida Law requires all citizens to conduct themselves in an orderly fashion at public meetings. 5 . WARNING: Any individual who interferes with the expeditious or orderly process of a School Board meeting, will be subject to removal from the meeting pursuant to Section 1001.372(3) Florida Statutes at the discretion of the Chair. Orderly fashion is deemed as, at a minimum (1) no profanity (2) no vulgar language (3) no discourteous, disrespectful, or disparaging conduct. Agenda Final 2026-2027 Millages and Budget September 8, 2026 School Board of Manatee County Regular Board Meeting and Public Hearing - 5:30 PM Walter Miller School Support Center Board Room Times Indicated are Approximate 1

6. PUBLIC HEARING 1. Public Hearing 2026-2027 Final Millage Rates and Final Budget 7. NEW BUSINESS (Non-Consent Items) 1. Approval of the Annual Financial Report and All Official Parts Thereof for the Fiscal Year Ended June 30, 2026, (No Fiscal Impact) 2. Approval of the Budget Amendments for June 2026 (No Financial Impact) 3. Approval of the Final Millage Rates for Fiscal Year 2026-2027 4. Approval of the Final Budget for 2026-2027 8. INFORMATION ONLY (No Board Action Required) 1. Year-to-Date Charter School Financial Statement Summary Through June 30, 2026 9. SUPERINTENDENT REMARKS 10. BOARD COMMENTS 11. ADJOURNMENT 2

AGENDA ITEM NO. 6.1 School Board of Manatee County September 8, 2026 - Regular Board Meeting and Public Hearing Title Public Hearing 2026-2027 Final Millage Rates and Final Budget Executive Summary The Board will hear public comments regarding the adoption of the 2026-2027 final budget and answer questions related thereto. The items to approve are the Final Millage Rates and Final Budget which will be considered after the Public Hearing closes and the regular Board meeting resumes. These items are attached hereto and made a part hereof by reference. The following Workshops were held regarding the District's 2026-2027 Budget: June 23, 2026 - Board Workshop - Five Year Capital Plan Review. June 23, 2026 - Board Workshop - General Fund Budget Review July 21, 2026 - Special Board Meeting - Approve Budget for Advertising July 28, 2026 - Public Hearing to Adopt Tentative Millage Rates and Tentative Budget for Fiscal Year 2026-2027. On July 24, 2026, the required Truth in Millage (TRIM) notice was published in the Sarasota Herald Tribune. The advertisement included a Budget Summary, Notice of Proposed Tax Increase, and the Notice of Tax for School Capital Outlay. On July 28, 2026, the Board approved the Tentative Millage Rates and Tentative Budget for the 2026-2027 Fiscal Year. Contact Submitting Department: Business Services Initiated By: Rachel Sellers, Deputy Superintendent of Business Services Attachments: Final Budget Book - Fiscal Year 2026-2027 Presentation - Final Millage and Final Budget Hearing 3

School District of Manatee County Final Annual Budget 2026-2027 September 8, 2026 Dr. Laurie Breslin, Superintendent 4

Cindy Spray, Chair Richard Tatem, Vice Chair Heather Felton, Member Charlie Kennedy, Member Chad Choate III, Member Dr. Laurie Breslin, Superintendent The School District of Manatee County 215 Manatee Avenue West Bradenton, Florida 34205 941-708-8770 www.manateeschools.net 5

i TABLE OF CONTENTS SECTION I INTRODUCTION & OVERVIEW………………………………………………………1 Budget Transmittal Letter 2 Budget Summary 3 Executive Summary 4 2026-2029 Strategic Plan 7 Student Growth 8 SECTION II FINANCIAL STRUCTURE, POLICY & PROCESS………………………………..10 Organizational Chart 11 Budget Process 12 Financial Policies and Procedures 13 Truth in Millage (TRIM) Calendar 19 Overview and Millage Information 20 Effects of New Millage 21 DR420S Certification of School Taxable Value 29 SECTION III FINANCIAL SUMMARIES……………………………………………………………..31 2026-2027 Budget by Fund 32 General Operating Fund Budget Overview 33 2026-2027 FEFP Second Calculation Overview 34 General Fund Budget Overview 35 Debt Service Fund Budget Overview 38 Capital Projects Fund Budget Overview 45 Special Revenue Fund – Other Federal Programs Budget Overview 53 6

ii Special Revenue Fund – Food Service Budget Overview 57 Internal Service Fund Budget Overview 59 Trust and Agency Fund Budget Overview 62 SECTION IV DEPARTMENTS……………………………………………………………………………64 Instructional Financial & Staff Allocations 65 Operations Financial & Staff Allocations 74 Business Services Financial & Staff Allocations 84 Superintendent Financial & Staff Allocations 89 Strategic Plan & Enroll Management 93 Reserves & Misc. Cost Centers 98 SECTION V SCHOOLS……………………………………………………………………………………101 School Level Staffing Key 102 Elementary School Financial & Staff Allocations 103 K-8 School Financial & Staff Allocations 118 Middle School Financial & Staff Allocations 121 High School Financial & Staff Allocations 126 Charter Schools, Contracted and Alternative Sites, MTC Financial & Staff Allocations 130 SECTION VI GENERAL MISCELLANEOUS………………………………………………………..137 Glossary 138 7

SECTION I INTRODUCTION & OVERVIEW • BUDGET TRANSMITTAL LETTER • BUDGET SUMMARY • EXECUTIVE SUMMARY • 2026-2029 STRATEGIC PLAN • STUDENT GROWTH1 8

SCHOOL BOARD Cindy Spray Chair Richard Tatem Vice Chair Heather Felton Charlie Kennedy Chad Choate III SUPERINTENDENT Dr. Laurie Breslin P.O. Box 9069 Bradenton, FL 34206-9069 215 Manatee Avenue West Bradenton, FL 34205 941.708.8770 www.manateeschools.net SCHOOL DISTRICT OF MANATEE COUNTY Mary Foreman Gina Messenger M E M O R A N D U M DATE: September 8, 2026 TO: Members of the School Board FROM: Dr. Laurie Breslin, Superintendent SUBJECT: 2026-2027 Final Budget The following pages disclose the School District of Manatee County’s Final Annual Budget for the 2026-2027 school year which is allocated among the following funds: Budgeted Revenue, Budgeted Budgeted Transfers In and Expenses and Ending Fund Name Beginning Fund Balance Transfers Out Fund Balance General Fund $749,962,288 $701,012,922 $48,949,366 Capital Fund $660,562,826 $603,245,649 $57,317,177 Special Revenue $79,856,816 $69,824,306 $10,032,510 Internal Services $88,451,700 $73,270,696 $15,181,004 Debt Services $79,404,619 $62,950,783 $16,453,836 Trust and Agency $2,940,824 $2,940,824 $0 Total $1,661,179,073 $1,513,245,180 $147,933,893 This budget is based on funding expected to be received from the State based on 59,534 unweighted FTE for K-12 students and is included in the FL DOE 2026-2027 second calculation. On Tuesday, September 8, 2026, the Board will be recommended to approve final millage rates and final budget for Fiscal Year 2026-2027. If you have any questions or need additional information, please contact Rachel Sellers, Deputy Superintendent of Business Services, at 941-708-8770, ext. 41108.2 9

Beginning Fund Balance + + + + + = Total Revenues + + + + + = Transfers In and Other Funding Sources + + + + + = Total Revenues, Transfers In & Balances + + + + + = BUDGET SUMMARY - 2026-2027 Final Budget Fund Balance Calculation Schedule $101,508,621 $10,630,633 $13,706,700 Trust and Agency Fund $2,167,785 General Fund Special Revenue Fund Internal Service Fund $15,953,836 Capital Projects Fund $422,021,414 Total Beginning Fund Balance $565,988,989 Debt Service Fund Capital Projects Fund Total Revenues $614,228,885 $69,224,983 $74,145,000 $773,039 $1,710,860 $238,541,412 $998,624,178 General Fund Special Revenue Fund Internal Service Fund Trust and Agency Fund Debt Service Fund $0 $96,565,905 General Fund Special Revenue Fund Internal Service Fund Trust and Agency Fund Debt Service Fund Capital Projects Fund $34,224,782 $1,200 $600,000 $0 $61,739,923 Total Budget $749,962,288 $79,856,816 $88,451,700 $2,940,824 $79,404,619 $660,562,826 $1,661,179,073 General Fund Special Revenue Fund Internal Service Fund Trust and Agency Fund Debt Service Fund Capital Projects Fund Total Transfers In/Non Revenue Sources3 10

EXECUTIVE SUMMARY The School District of Manatee County continues to demonstrate strong financial stewardship. The district ended FY 2025-2026 with a positive General Fund ending fund balance of $101,508,621, reflecting an assigned/unassigned ending fund balance of 11.63%. FY 2026-2027 General Fund ending fund balance is estimated at $48,949,366, reflecting an assigned/unassigned budgeted ending fund balance of 7.05%. The 2026-2027 Final Budget includes the re-appropriation of $31,824,869 in restricted and assigned carryforward program budgets. MAJOR INITIATIVES AND ACCOMPLISHMENTS Fiscal year 2025-2026 was an active and successful year for the School District of Manatee County. The District’s accomplishments include: WE ARE FINANCIALLY SOUND • The School District’s General Fund Balance can be leveraged to sustain growth in the District and support the Strategic Plan initiatives. • Global Financial Ratings firms – Fitch Ratings issued an upgrade to “AA-” ratings on the board’s COPs outstanding, the District’s Issuer Default Rating (IDR) to “AA “, outstanding sales tax revenue bonds to “AA “, and rating outlook for long-term IDR was stable. Standard and Poor Global Ratings affirmed its “A+” ratings on the board’s COPs, and rating outlook remained stable. Moody’s ratings affirmed A1 issuer rating and upgrade of rating outlook from stable to positive. WE ARE PAYING COMPETITIVE SALARIES • This past school year marked the tenth consecutive year the District provided pay increases to teachers and other employees. • Pay for a beginner teacher increased from $38,285 in 2015-2016 to $59,239 (including referendum supplement) in 2025-2026. WE ARE PREPARING FOR GROWTH • Lake Manatee K-8 Elementary campus opened August 11, 2025, and the K-8 Middle campus completion is scheduled for July 2026. The Lake Manatee K-8 Addition is under construction and scheduled for complete December 2026. • Barbara Harvey K-8 North River Ranch opened on August 11, 2025, and the Addition is scheduled for completion in July 2027. • Veterans Elementary and Rye Ranch Elementary are scheduled to open for the 2026-2027 school year. • Rangeland High School is under construction and scheduled to open for the 2027-2028 school year. • Moody Elementary School renovation is scheduled to be completed in July 2028. The project will include renovation of mechanical, electrical, and plumbing systems, kitchen equipment, and enhancement to campus security.4 11

• Tillman Elementary School renovation is scheduled to be completed in August 2028. The project will include all campus renovation and HVAC systems. • Bayshore High School renovation is scheduled to be completed in February 2029. The project will include renovation of mechanical, electrical, and plumbing systems; Career and Technical Education (CTE) addition and renovation. • Lakewood Ranch High School HVAC renovation is scheduled to be completed in December 2028. The project will include campus-wide replacement of existing HVAC systems. WE ARE IMPLEMENTING OUR STRATEGIC PLAN AND TECHNOLOGY PLAN • Successfully implementing the District’s READY 2026 Strategic Plan. • Board approved District Technology Plan October 28, 2025 - June 30, 2030. • Completed fiber infrastructure at two new elementary schools. • Electronically transferred 13,569 student records and online transcripts. • Generated over 41,000,000 total impressions across the Enterprise Print Center and School MFD devices. • Deployed 8,000+ student and staff computer devices. • Installed 941 digital interactive display panels in classrooms across 11 schools including professional development training. • Completed comprehensive audio system upgrades across 18 schools, enhancing coverage and clarity in ballfields, cafeterias, car rider dismissal areas, gymnasiums, and stadiums to improve communication, safety, and event experiences. • Implemented an enterprise-grade Network Access Control (NAC) solution to enforce identity-based access policies, enhance endpoint visibility, and strengthen the District's overall cybersecurity posture. WE ARE CONTINUING TO MAKE SAFETY AND SECURITY A PRIORITY • Annual Florida Safe Schools Assessment Tool (FSSAT) are performed by school officials and first responders to identify threats and vulnerabilities in all schools. • School Safety Guardians completed advanced training and are prepared to protect staff and students on our school campuses. • We prepared all schools and district buildings for a crisis utilizing an advanced crisis alert system in compliance with Alyssa’s Law. • We enhanced school safety with Weapons Detection Systems and a specially trained firearms detection canine. • Phase 5 of the security fencing projects are ongoing. WE ARE SUPPORTED BY OUR COMMUNITY • Manatee County voters renewed a 15-year, Half-Cent Sales Tax for District capital needs in November 2016. • Manatee County voters overwhelmingly renewed a 1-mill property tax in November 2024 by a margin of 84% to support additional instructional time, competitive teacher pay, STEAM programs, school athletic programs, enhanced safety, early literacy programs, and charter schools.5 12

FISCAL YEAR 2026-2027 BUDGET OBJECTIVES Full Time Equivalent (FTE) Student enrollment has increased 2,130 FTE from the FY 2025-2026 Fourth Calculation to the FY 2026-2027 Second Calculation. District leadership developed the FY 2026-2027 budget to prepare for potential higher enrollment, maintain financial stability, advance academic achievement, support loss of Federal grant funding, and provide staff satisfaction. The FY 2026-2027 Total Budget is $1,661,179,073 and is comprised of General fund, Capital fund, Debt Service fund, Special Revenue funds, Internal Service funds, and Trust and Agency funds. General fund FY 2026-2027 beginning fund balance, revenues, transfers in from all sources, and other funding sources are budgeted at $749,962,288 or an increase of 0.5% versus FY 2025-2026. This minor growth in FY 2026- 2027 is partially a result of the increase in the base student allocation of $85.00 versus 2025-2026 Fourth Calculation. Also, the school taxable value growth for 2026-2027 Second Calculation grew 6.1% versus 2025-2026 Fourth Calculation. Capital Projects fund FY 2026-2027 beginning fund balance, revenues, transfers in, and other funding sources is budgeted to be $660,562,826 down by 19.3% versus FY 2025-2026 due to no issuance of Certificates of Participation as in the prior fiscal year.6 13

School District of Manatee County Strategic Plan 2026 - 2029 The 2026-2029 Strategic Plan Can Be Viewed In Its Entirety On The District Website. https://www.manateeschools.net/o/sdmc/page/strategic-plan-2026-20297 14

STUDENT GROWTH Fiscal Year Unweighted FTE Actual Growth Growth Rate 26/27 2nd Calc 59,534 2,130 3.71% 25/26 4th Calc 57,404 330 0.58% 24/25 Final Calc 57,074 2,444 4.47% 23/24 Final Calc 54,630 2,500 4.80% 22/23 Final Calc 52,130 1,450 2.86% 21/22 Final Calc 50,680 1,854 3.80% 20/21 Final Calc 48,826 -611 -1.24% 19/20 Final Calc 49,436 584 1.20% 18/19 Final Calc 48,853 398 0.82% 17/18 Final Calc 48,454 171 0.35% Note: 2nd Calc, 4th Calc, and Final Calc refer to the Florida Education Finance Program (FEFP) calculation period provided to the School District from the Department of Education.8 15

48,454 59,534 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 25/26 26/27 Unweighted FTE Fiscal Year Unweighted FTE9 16

SECTION II FINANCIAL STRUCTURE, POLICY & PROCESS • ORGANIZATIONAL CHART • BUDGET PROCESS • FINANCIAL POLICIES AND PROCEDURES • TRUTH IN MILLAGE (TRIM) CALENDAR • OVERVIEW AND MILLAGE INFORMATION • EFFECTS OF NEW MILLAGE • DR-420S CERTIFICATION OF SCHOOL TAXABLE VALUE10 17

Derek Jensen Deputy Superintendent Instruction Students, Parents, and Citizens of Manatee County School Board of Manatee County Chad Choate III, Heather Felton, Charlie Kennedy, Cindy Spray, Richard Tatem Dr. Sheila Halpin Early Childhood Learning Director Nicole Meo Interim ESE Director Evan McCarthy Assessment & Research Director Alison Nichols Elementary Curriculum Director 7LႇDQ\6SUDGOLQJ Secondary Curriculum Director Paul Damico Chief of Safety & Security Willie Clark Deputy Superintendent Operations Scott Hansen Chief Technology 2ႈFHU Patrick Bartholomew Safety & Security Director -XG\3DJDQ Business Systems Director 5HJLQD7KRPD Executive Director School Supports Todd Henson Maintenance & Operations Director 5HJLQDOG*Rႇ Construction Services Interim Director Food and Nutrition Services Anthony Anastasas Jamie :DUULQJWRQ Transportation Director Cabinet Members are indicated by gold background. Revised 062226_MS Kevin Chapman Associate Superintendent, Administration & Strategic Engagement Dr. Laurie Breslin Superintendent Vacant General Counsel Bill Kelley Risk Management Director Dr. Christina Britton Executive Director Human Resources Jamara Clark Director of Student Enrollment, Pathway & Experience Jamie Carson Communications Director Rachel Sellers Deputy Superintendent Business Services Katy Mei Purchasing Director *LQD0DOLQLDN Budget Director Cathy Miley Finance Director /DWULQD6LQJOHWRQ Federal Programs Director Kaththea Johnson Executive Director Teaching and Learning Dr. Stephanie Callaway Executive Director Elementary Schools Joshua Bennett Executive Director Elementary Schools Sharon 6FDUEURXJK Executive Director High Schools Dr. Chuck Fradley Executive Director Middle Schools Debra Estes ESOL & Migrant Director PrincipalsPrincipals Principals Principals Lisa Lyon Student Services & Alternative Education Director Eric Jackson Executive Director Student Support & Family Engagement Dr. Jodi Kirk Manatee Technical College Director Charter Schools11 18

BUDGET PROCESS The District has developed an effective budgeting system involving the School Board, administration, and staff in all phases of budget development. The District prepares its budgets, which are submitted to the Florida Department of Education using Generally Accepted Accounting Principles (GAAP) applicable to governmental entities. Budgeting in the District is on a July 1 through June 30 fiscal year basis and is essentially a year- round process. The cycle begins in the fall of the prior school year and continues until the final budget is approved by the School Board and filed with the Florida Department of Education. The process of budget formulation involves numerous participants. In a typical year, division leaders, after reviewing their various budget needs, submit their requests for staffing, supplies and materials, equipment, and other budget needs to the Budget Department, whose responsibility it is to prepare tentative and final budgets for consideration by the Superintendent and presentation to the School Board for approval. The following provides a summary of the District’s budget cycle: December/January: The District's projection for county-wide student enrollment is submitted to the Florida Department of Education for inclusion into the Governor’s budget request for public school funding for the following school year. Based on that county-wide estimate the staff allocation committee then meets to determine projected student enrollment on a school-by- school basis. These projections are then communicated to school principals for review and comment. The staff allocation committee reviews the comments and establishes projected student enrollment for each school. These student enrollment numbers form the basis for staff allocations at each school for the coming year. February/March: Staff allocations are discussed with principals on an individual basis and the process of establishing personnel budgets for the coming year is started. April/May: Proposed budgets are entered at the school and departmental level. June/September: Workshops are held on the budget for the coming fiscal year. Approval to advertise the Tentative budget is received in mid-July. The Tentative and Final budget hearings are held following the requirements and timelines dictated in Florida Statutes.12 19

FINANCIAL POLICIES AND PROCEDURES BASIS OF ACCOUNTING Basis of accounting refers to when revenues and expenditures, or expenses, are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. The government-wide financial statements are prepared using the accrual basis of accounting, as are the proprietary funds and fiduciary funds financial statements. Revenues are recognized when earned and expenses are recognized when a liability is incurre d, regardless of the timing of the related cash flows. Property taxes are recognized in the year for which they are levied. Revenues from grants, entitlements, and donations are recognized in the fiscal year in which all eligibility requirements imposed by the provider have been satisfied. Governmental fund financial statements are prepared using the modified accrual basis of accounting. Revenues, except for certain grant revenues, are recognized when they become measurable and available. Revenues are available when they are collectable within the current period or soon enough thereafter to pay liabilities of the current period. The District considers revenues to be available if they are collected within 60 days of the end of the current fiscal year. When grant terms provide that the expenditure of resources is the prime factor for determining eligibility for Federal, State, and other grant resources, revenue is recognized at the time the expenditure is made. Under the modified accrual basis of accounting, expenditures are generally recognized when the related fund liability is incurred, except for principal and interest on long-term debt, claims and judgments, other postemployment benefits, and compensated absences, which are recognized when due. Allocations of cost, such as depreciation, are not recognized in governmental funds. Property taxes, sales taxes, state education funding, and interest associated with the current fiscal period are all considered to be susceptible to accrual and are recognized as revenues of the current fiscal period. All other revenue items are measurable and available only when cash is received by the District. The proprietary and fiduciary funds use the accrual basis of accounting. That