- November 23, 2024
-
-
Loading
Loading
The Flagler County School Board approved advertising for the tentative 2024-25 millage rate and budget at a special board meeting on Tuesday afternoon, July 23.
A state imposed property tax millage rate of 3.117 is the school district’s lowest millage in over 20 years, Chief Financial Officer Patty Wormeck told the board. Last year’s rate was 3.155. The budget is also lower than last year's at under $3.24 million. Last year’s budget was advertised at just under $3.25 million.
The district heads into the fiscal year with a higher fgeneral und balance than last year. The fund balance of $9.7 million as of July 1 is about $2.3 million more than last year’s closing balance.
A projected fund balance for the close of the 2024-25 fiscal year is about $9.5 million.
"We had to used about $200,000 in balancing the budget, which is the best results we've had in a long time," Wormeck said.
The higher fund balance than last year was due to utilizing Elementary and Secondary School Emergency Relief (ESSER) funds creatively by backfilling different positions required post-pandemic, Wormeck said.
ESSER grant funds will end in September, so the district will not be able to use them next year.
The district will also impose a 1.5 millage rate tax for capital outlay projects which will generate about $26.7 million.
The district is scheduled to advertise the tentative millage and budget on July 26 and hold a first public hearing on July 30 with a final public hearing on Sept. 3.
