Schools › School Board meeting of Feb 9, 2026
Approved the 2024-2025 Annual Comprehensive Financial Report, which details how district funds were used for the fiscal year ended June 30, 2025.
The vote: 5-0
Voted on as part of the consent agendaA group of routine items the Board votes on together with one motion. Any commissioner can pull an item out to discuss and vote on it separately. County Commission agendas (CivicClerk portal), one motion for several items (approval of consent agenda items 8.01 through 8.05 and 8.07 through 10.03 with item 8.06 being pulled for separate consideration).
From the School Board's official minutes.
In plain words
Approval of the district's Annual Comprehensive Financial Report for the fiscal year ended June 30, 2025, which is the official public accounting of how district funds were used.
What changes The report is formally approved and published as the official financial record for the 2024-2025 fiscal year.
Who and the money Applies to the entire district; the record states there is no fiscal impact.
Stated reason (staff, quoted): "State Board of Education Rule 6A-1.1010.33 and sections 1001.42 and 1008.345, Florida Statutes, require school districts to publish an Annual Comprehensive Financial Report (ACFR) prepared in accordance with generally accepted accounting principles (GAAP)."
Why (staff, quoted) "State Board of Education Rule 6A-1.1010.33 and sections 1001.42 and 1008.345, Florida Statutes, require school districts to publish an Annual Comprehensive Financial Report (ACFR) prepared in accordance with generally accepted accounting principles (GAAP)."
Written from the Board's minutes and the agenda item's staff text on BoardDocs, checked by script: every number appears in the record. Agenda on BoardDocs
From the record
Approval of 2024-2025 Annual Comprehensive Financial Report (ACFR)Lake County Schools agenda, Feb 9, 2026, item 8.03. Open the agenda on BoardDocs
I recommend that the Board a pprove the Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2025, as submitted by the Finance Department.
The Board's minutes record this item as approved, by a vote of 5-0.School Board minutes, Feb 9, 2026. Open the official document
The rest of this meeting
- Previous item: Approved budget amendments for the 2025-26 fiscal year to adjust revenue and spending amounts across four district funds.
- Next item: Approved adding C & W Environmental, Inc. to the vendor pool for Construction Management Continuing Services effective February 9, 2026.
- All items from Feb 9, 2026