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Student Achievement

Unity, Belonging, and Student Efficacy

Highly Effective, Culturally Responsive Workforce

Outreach and Engagement

Organizational Health and Effectiveness

Improve student achievement through rigorous curriculum and instruction providing students with evidence-based educational experiences that not only engage but also excite, prepare, and support students.

Foster and instill a culture of unity, belonging, and student efficacy across the district and address opportunity gaps.

Hire, support, and retain a highly effective, culturally responsive and diverse workforce.

Effectively engage students, employees, families, and community members to improve opportunities and outcomes for all students.

Foster a culture of continuous improvement to maximize organizational effectiveness and efficiency, support the well-being of our team members, and provide formal recognition of their efforts.

Strategic Priorities

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General Fund Comparison

	FY 2024-25	FY 2024-25	FY 2025-26	FY 2025-26
	Working Budget	Year-to-Date Actuals through Dec. 31 (audited)	Working Budget	Year-to-Date Actuals through Dec. 31 (unaudited)
Total Revenues	$671,645,782	$367,636,483 (55% of budget)	$690,677,989	$404,308,604 (59% of budget)
Total Expenses	$671,645,782	$217,596,958 (32% of budget)	$690,677,989	$217,544,444 (32% of budget)
Carryforward Balance	$43,650,000	$41,773,740	$26,387,429	$28,361,788
Fund Balance		$150,039,525		$186,764,160
Encumbrances		$9,045,897		$5,721,638

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General Fund Comparison

Provides a year-over-year financial snapshot comparing December 2026 to December 2025.

Take-a-Ways:

Our ending fund balance is $186.7 million, which is approximately $36.7 million higher than this time last year.
Even with slight cost increases due to inflation and salaries, the district has spent exactly $217.5 of its budget in 2026 fiscal year and 2025 fiscal year.
We have collected about $36.7 million more in revenue compared to December of last year.
If we remove the beginning balance from the collection, we have collected $376 million vs $324 million. This is approximately $52 million more in revenue compared to December of last year.�

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Revenue FY 2024-25 vs FY 2025-26 (unaudited)

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Revenue FY 2024-25 vs FY 2025-26 (unaudited)

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Expenses FY 2024-25 vs FY 2025-26 (unaudited)

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General Fund Revenue

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General Fund Revenue

Breaks down the district's incoming funds, showing a total year-to-date operating revenue of the working budget.

Take-a-Ways:

Year-to-date (YTD) total operating revenue is over $404.3 million, which represents 59% of the board's working budget.
Some revenue streams are currently collecting at a lower percentage of their budget. This is primarily due to a timing difference. As an example OLT increases drastically in the Spring and Summer months. Tuition is in out of district when that scenario exists. Miscellaneous has funds budgeted for the gain on sale of Southside Technical. Other is related to Captial Funds transfers that can be utilized for property tax insurance and maintenance. On-behalf is not sent for the district to report until after the fiscal year. There will be the same amount of expenses for on-behalf accordingly. Thus the net effect on our financials will be $0 dollars related to on-behalf dollars as it does not adjust our ending fund balance.

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General Fund Expenses

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General Fund Expenses

Details the district's spending patterns, noting the total general fund expenditures of the working budget.

Take-a-Ways:

Total general fund expenditures sit at roughly $217.56 million, which accounts for 32% of the working budget.
Instruction is the largest single expenditure category, but when you consider scope and scale of of $405 million. The utilization $103 million spent YTD.
Fund transfers have significantly exceeded their initial $800,000 budget, with over $1.8 million spent YTD (328% expended).

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Safety Tax Summary

	2025-26 Budget	Revenue	Expenses to Date	Remaining Budget	Spent
SEL Instruction	$ 709,813.90	$ 709,813.90	$ 460,615.16	$ 249,198.74	65%
Mental Health Professionals & Nurses	$ 11,077,198.64	$ 11,077,198.64	$ 4,436,040.53	$ 6,641,158.11	40%
Tax Collection	$ 245,000.00	$ 245,000.00	$ 235,000.00	$ 10,000.00	96%
Risk Management	$ 2,748,211.87	$ 2,748,211.87	$ 980,656.24	$ 1,767,555.63	36%
Security	$ 4,719,775.59	$ 4,719,775.59	$ 3,337,669.72	$ 1,382,105.87	71%
Other Safety	$ 0.00	$ 0.00	$ 0.00	$ 0.00	0%
Total	$ 19,500,000.00	$ 19,500,000.00	$ 9,449,981.65	$ 10,050,018.35	48%

Additional Safety Investment

Budget: $6,939,856 YTD Exp: $3,863,763

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Safety Tax

Outlines the utilization of the safety tax, showing overall expenditure.

Take-a-Ways:

The district has spent approximately $9.4 million of its $19.5 million safety tax budget, representing a 48% utilization rate.
The largest allocation within the safety tax is for Mental Health Professionals and Nurses, where roughly $4.4 million (40%) of the $11 million budget has been spent.
The $245,000 budget for Tax Collection is 100% spent. Additionally, there are $3.86 million in YTD safety expenditures operating outside the primary safety allotment covered by the Safety Tax funds in general fund.

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Investments General Fund

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Investments General Fund

Summarizes the district’s investment portfolio, detailing the scheduled par amount in investments that are set to mature between January and June 2026.

Take-a-Ways:

The district has a scheduled $250 million in investments maturing between January and June 2026.
These scheduled investments are projected to yield over $3.0 million in total interest income payable for the 2025-2026 period.

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Additional Information

CHECKPOINT ANALYSIS

Reviewers should consider actuals, budget appropriation, available budget for the remainder of the year, as well as percentage used. That said, percentage utilization offers a quick, effective status check related to the current budget figures.

Notes to consider when reviewing monthly finance report:

Report used for comments excludes on-behalf (object 0280 and project 16MX).

As of December, period 6 of FY26, employees on contract less than 12 months were issued 9 of 24 pays, and employees on 12-month contracts were issued 12 of 24 pays. Generally, then, the budget for salaries (0100) and fringe (0200) should reflect approximately 37.5% and 50% used, respectively. Instruction (function 1000) mostly consists of employees on less than 12-month contracts, whereas business support services (function 2500) and district administrative support (function 2300) should consist mostly of employees on 12-month contracts, etc.

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Additional Information

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Additional Information

PURCHASING FACTORS

As purchasing schedules vary, a discussion with each department is necessary to determine the status of their spending plans. A uniform spending plan would reflect approximately 50% utilization as of period 6. However, upfront costs, such as contract renewals, fall event registrations, and initial supplies, or facilities emergencies could significantly increase actual usage early in the year. Additionally, use of rollup codes allows some flexibility in departmental spending, but it could allow for significant overspending in one specific object code though total departmental spending remains within budget.

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Additional Information

THE SCALE FACTORS

Also, it is important to consider the scale of the figures when reviewing percentage utilization. For instance, percent utilization in function 1000, series 0400 and 0500 is 146% and 90%, respectively, but the total expected expenditures are less than $200K in each. Note has been made but without great concern at this time, though spending will continue to be monitored.

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Additional Information (Expense Functions)

Function 1000: Instruction - On Track: overall budget utilization = 25%

0400 reflects 146% used – Major influence: $55K expensed, $55K encumbered, against a zero budget at the stables, land and building rent (0541179-0441-DWIDE). Expense was not included in the working budget.

0500 reflects 90% used - Major influence: tuition costs ($28K spent against a $32K budget for opportunity middle college tuition) and impact from roll-up code usage. There is spending in SEC6 projects in 0500 series codes without budget assignment, but the school is within their budget overall.

0700 reflects 84% used – Major influence: $423K was spent on the renewal of Infinite Campus against a budget of $395K in project “TECH.”

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Additional Information (Expense Functions)

Function 2100: Student Support Services - On Track: overall budget utilization = 34.5%

Salaries and fringe include admin (12-month) and school support (less than 12 month) staff.

Function 2200: Instructional Staff Support Services - On Track: overall budget utilization = 43.9%

Salaries and fringe include admin (12-month) and school support (less than 12 month) staff.

0400 reflects 89% of $103K budget.

0600 reflects 87% used - Major influence: $4.9MM of the $5.8MM budgeted has been used/encumbered to date. $4MM against a budgeted $3.8MM for curriculum was spent paying Benchmark, Curriculum Assoc, and Savvas.

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Additional Information (Expense Functions)

Function 2300: District Admin Support - On track: overall budget utilization = 71.9%

Salaries and fringe just over targeted 50%.

0300 reflects 95% used - Major influence: tax collection costs account for $4.9MM of the $5.7MM budget, of which $4.5MM has been paid to date (bulk of tax collection fees generally paid Oct-Dec).

Function 2400: School Admin Support - On Track: overall budget utilization = 38.2%

Salary and fringe consists mostly of principals and principal office support staff (12-month and less than 12 month staff).

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Additional Information (Expense Functions)

Function 2500: Business Support Services - On Track, Monitoring: overall budget utilization = 56.7%

0500 reflects 108% used – Major influence: Insurance is approximately 90% of the $5.9MM budget. Premiums were paid for FY26 at the beginning of year and overall approximately $740K over budget. Coding issues to be resolved in January; expect to be on-track by February.

0700 reflects 94% used - Major influence: FY26 renewal cost for IIQ paid in Aug, in addition to over expenditures in project PBA ($180K spent against a $71K budget).

0800 reflects 89% used - Major influence: Retirement fees make up 81% of the budgeted $617K in the 0800 series. $530K paid through Dec, $500K budgeted.

Function 2600: Plant Operations & Maintenance - Adjustments to follow

Adjustments to follow given pending budget amendments and expense recoding in response to nickel 2 audit comment. Coding issues to be resolved in January; expect to be on-track by February.

Series 0300 and 0700 reflect expected overages due to Sonitrol payments.

Salaries and fringe are running slightly high.

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Additional Information (Expense Functions)

Function 2700: Student Transportation - Monitoring: overall budget utilization = 41%

Salaries and fringe should be closer to 40% utilized.

0700 reflects 98% used - This is the result of Transact communication bus tablets and subscription purchase; assume no additional purchases for transportation software.

Function 2900: Other Instructional - On Track: overall budget utilization = 40.3%

Salaries and fringe include admin (12-month) and school support (less than 12 month) staff.

Function 5200: Fund Transfers

0900 reflected 328% used – transfer revenue to FUND 52 in the amount of $2.2MM. Budget is $800K (for KETS). ASP offset approximately $1.6MM in GF salary expense for net GF expense of approximately $600K related to workbook reconciliations

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Additional Information (Expense Summary)

Category (Current Budget Percentages)	FY26 % Spent by 12/31
Instruction	25%
Student Support	34.5%
Instructional Support	44%
District Admin Support	72% (This is because of Sheriff tax fees timing)
School Admin Support Transportation	38% 41%
Plant Operations	51%
Total General Fund	31%

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ADDITIONAL INFORMATION

KEY POINTS

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Key Analysis Points

Key facts:

Expenditures are slightly LOWER this year than last year at the same point
Revenues are $36.7M higher
Encumbrances (committed but not yet spent) are down $3.3M
Audit Results coding management comments implemented related to fund 320.
There is no financial signal of overspending, the district’s cash position is materially stronger than last year.

The actual financial evidence shows:

Spending is flat year-over-year
Revenues are higher
Cash balances are stronger
Encumbrances are lower
Budget execution is ahead of schedule

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Additional Information (Revenue Analysis)

Property Tax: Trending ahead of schedule at this point for the General Fund. Note: Building Fund 320 also receives property taxes and will be at 100% by fiscal year end.

Motor Vehicle Tax: Trending to outperform last year by approximately $2 million.

Utility Tax: Trending to be flat at this point. Note: The reporting structure for this revenue has changed and thus information on collection is delayed monthly. We anticipate meeting the budget.

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Additional Information (Revenue Analysis)

Investment Earnings: Trending to be approximately $600K more than budgeted. If trends continue, we may exceed over $1 million more than budgeted in this source.

SEEK Revenue: Currently trending approximately $4.3 million more than last year at this time.

Interfund Transfers: Trending approximately $942K less this year than year. Due primarily to less federal grant funding for indirect cost. However, the trend is currently indicating that we will meet the budgeted amount.

Occupational Tax, Medicaid Funding and Sale of Assets: Are revenue sources, that we are monitoring closely related to the economy, processing rule changes and real estate market. �

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Checkpoint Summary

As of Dec. 31, 2025, general fund expenditures total approximately $217.5 million—essentially unchanged from the same point last year. At the same time, revenues are more than $36 million higher than last year, resulting in a general fund balance of approximately $186.8 million, compared to about $150 million at this point last year. In other words, the district is currently in a better financial position, not worse. Approximately 85 percent of the district’s budget is driven by salaries and benefits for employees. Those costs are being managed within the board-approved budget and are tracking at or below planned levels.. The district is also carrying fewer outstanding encumbrances than it did at this time last year, further indicating that spending commitments are being carefully managed.

Taken together, the financial data show that Fayette County Public Schools is not overspending. Revenues are higher, expenses are stable, fund balance is stronger, and budget execution is ahead of schedule. The district’s actual financial condition, which remains aligned with the board-approved financial plan and focused on long-term fiscal stability. There is no indication of a structural or operational overrun at this junction of checkpoint point-in-time analysis.