School Construction
Explore this fund’s reported income, spending, and balances. The summary shows audited FY2025 figures; each section identifies its own years.
Fund balance is the reported amount remaining, not necessarily cash available to spend.
Financial historyCompare reported revenue, spending, transfers, and balances across years.
Available audited history: 2020-2021 through 2024-2025. A year before first separate reporting is not represented as zero. Changes in source presentation are explained below.
| Measure | Actual2020-2021 | Actual2021-2022 | Actual2022-2023 | Actual2023-2024 | Actual2024-2025 |
|---|---|---|---|---|---|
| Beginning balance (as presented) | 0 | 577,025 | 1,260,238 | (289,819) | 1,499,471 |
| Revenue, including reported nonoperating revenue | 0 | 0 | 9,531 | 12,081 | 6,355 |
| Expenditures | 0 | 0 | 0 | 0 | 0 |
| Transfers sent | 0 | 17,216,787 | 12,759,588 | 3,219,466 | 1,505,826 |
| Transfers, net (older format) | (5,276,300) | 0 | 0 | 0 | 0 |
| Debt issued | 5,903,325 | 17,900,000 | 11,200,000 | 4,996,675 | 0 |
| Other financing sources / (uses) | (50,000) | 0 | 0 | 0 | 0 |
| Reported change | 577,025 | 683,213 | (1,550,057) | 1,789,290 | (1,499,471) |
| Ending fund balance | 577,025 | 1,260,238 | (289,819) | 1,499,471 | 0 |
Revenue and expense fields use the source’s accounting basis. Investment income and capital contributions are not assumed to be service receipts; transfers are not counted as revenue. Zero in these aggregate schedules means no reported activity in that category, not proof that a missing detailed account is zero.
History sources and reporting changes
- 2020-2021: First separately reported School Construction column in reviewed audits. Other financing use is bond issue cost, separately printed outside expenditures. PDF page 32
- 2021-2022: The audit reports transfers as a single net line; the negative School Construction amount is recorded as transfers out. PDF page 36
- 2022-2023: The audit reports transfers as a single net line; the negative School Construction amount is recorded as transfers out. PDF page 36
- 2023-2024: Source schedule retained. PDF page 36
- 2024-2025: Source schedule retained. PDF page 33
Revenue detailCompare income across fiscal years, with the latest year's detailed sources below.
Audited revenue, not cash receipts. Transfers and borrowing are separate. A dash means the category is not separately reported here.
| Revenue source | ActualFY2021 | ActualFY2022 | ActualFY2023 | ActualFY2024 | ActualFY2025 |
|---|---|---|---|---|---|
| Investment and interest income | — | — | 9,531 | 12,081 | 6,355 |
| Total revenue | 0 | 0 | 9,531 | 12,081 | 6,355 |
Source notes
- FY2021: First separately reported School Construction fund year; the audited statement reports no revenues.
- FY2022: Separately reported fund; the scanned audited statement reports no revenues.
- FY2023: Audited governmental-fund category recovered from the scanned statement; row sum matches reported total revenues.
- FY2024: Audited governmental-fund category; row sum matches reported total revenues.
- FY2025: Audited governmental-fund category; row sum matches reported total revenues.
FY2025 revenue detail
Actual revenue on the audit’s accounting basis. Transfers and borrowing are separate from these totals.
Revenues: $6,355
| Revenue source | ActualFY2025 |
|---|---|
| Investment and interest income | 6,355 |
Total revenue: $6,355
Latest budget: a comparison has not yet been prepared for this fund.
Follow the transfers — FY2025Sending and receiving funds, with confirmed routes separated from inferred matches.
These are actual transfers. Some detail comes from the actual column of a later budget book. Transfers do not create new citywide revenue.
School Construction → Debt Service – Schools: $941,528 · Documented route
Evidence for this route
The FY2024-25 actual debt-fund schedule identifies $941,528 transferred in from Capital Projects Fund. Audit page 24 says remaining School Construction Fund money was transferred toward the school debt payment. Capital Projects is a broader label, so this route is confirmed by combining the amount schedule with the narrative rather than by a single sender-receiver row.
School Construction → Education Capital Projects: $564,298 · Inferred match — confirmation needed
Evidence for this route
Constrained reconciliation, not an explicitly named route. School Construction reports $1,505,826 total transfers out; after the separately supported $941,528 transfer to school debt, $564,298 remains. Education Capital Projects reports exactly $564,298 transferred in.