FLVS board approves budget amendments to fund technology investments

The Florida Virtual School Board of Trustees on [date not specified in transcript] approved two budget amendments that the district said will support technology investments and align beginning balances with closed fiscal-year actuals.

Chief Financial Officer Judith Marte told trustees the FY25–26 budget amendment (7.1) increases the general fund ending balance by $5.2 million — from $143,100,000 to $148,300,000 — decreases the internal service fund by $2.3 million (from $19,480,000 to $17,100,000) and raises the enterprise fund ending balance by $1.3 million (from $73,200,000 to $74,500,000). On the FY26–27 amendment (7.2), Marte said the general fund ending balance would decrease by $32.2 million (from $155,400,000 to $123,100,000) as the board redirects funds toward planned investments.

"The fiscal impact of this amendment on the ending fund balance for the general fund is a net increase of 5,200,000," Marte said. She described related adjustments to beginning balances and fund-level appropriations across special revenue, internal service and enterprise funds.

President and CEO Sam Verghese framed the FY26–27 amendment as "budget authority," emphasizing that the board remains the controller of the budget and that staff will return for additional approvals as needed. "This is budget authority. This isn't blank approval," Verghese said, adding that planned investments will focus on teacher-facing tools and infrastructure intended to support personalized learning.

Trustees asked follow-up questions during discussion; several expressed support for investing in technology. The board voted to adopt both amendments. The transcript records the motions and that motions "carried," but individual roll-call tallies were not provided in the public transcript.