Budget
Get the basics on the FCPS budget
About FCPS Budgets
The Commonwealth of Virginia requires state and local governments to operate with a balanced budget. As a result, Fairfax County Public Schools, like the Fairfax County Government, historically ends each fiscal year with a positive balance. This balance can include carryover for outstanding obligations or undelivered orders, including goods or services that have not been received or performed as of June 30. FCPS does allow schools to carry over unspent funding from certain supply and hourly accounts, encouraging schools to use multiyear planning to meet student needs.
FCPS uses multiple strategies to address budget shortfalls, including conserving resources and reducing spending during the fiscal year, where possible. As a result, the net funding available at year-end is presented to the School Board as an available balance. Recently, this funding has been allocated to the beginning balance for the following year instead of being spent for current year needs.
There are many factors unique to school systems that can trigger educational cost increases that outpace inflation. For example, increases in labor costs due to rising student enrollment or changes in staffing standards can drastically impact school budgets because K-12 education is so labor intensive. Understanding these factors will help citizens understand the financial challenges that schools confront today as well as the context in which budgeting decisions are made.
Award Winning Budgets
FCPS budget documents have received awards from both the Association of School Business Officials International (ASBO) and the Government Finance Officers Association (GFOA).
Presentation of FY 2025 Approved Budget
FY 2025 Budget Documents
Approved Budget
FY 2025 School Board Approved Budget Adoption (May 23, 2024)
FY 2025 Budget Work Session (May 21, 2024)
FY 2025 School Board Approved Budget Presentation (May 9, 2024)
Advertised Budget
FY 2025 School Board and Board of Supervisors Joint Budget Meeting (February 27, 2024)
FY 2025 Advertised Budget Adoption (February 22, 2024)
This document contains information and data about the FY 2025
Proposed Budget
FY 2025 Budget Work Session (February 20, 2024)
FY 2025 Budget Work Session (February 13, 2024)
This is a document with the budget highlights.
This document contains all 199 pages of the full proposed budget
This FY 2025 presentation was given to the School Board.
Planning
FY 2025 Joint Meeting with Board of Supervisors (November 28, 2023)
FY 2025 Fiscal Forecast (November 14, 2023)
This is a printable copy of the Fairfax County Public Schools FY 2026 Budget Development Calendar.
Date | Activity |
---|---|
June-December 2024 | FCPS Conducts Internal Program Reviews and Gather Community and Employee Feedback |
November 12 | School Board Conducts Work Session on Strategic Budget Planning and Fiscal Forecast |
November 26 | Joint Meeting with Board of Supervisors to Discuss Budget Forecast |
December 19 | Governor Introduces State Budget |
January 23, 2025 | Superintendent Releases Proposed Budget |
February 4 | School Board Conducts Budget Work Session on Proposed Budget School Board Holds Public Hearing on Budget (February 5 if needed) |
February 18 | Fairfax County Executive Presents Advertised Budget School Board Conducts Budget Work Session on Proposed Budget |
February 20 | School Board Adopts FY 2026 Advertised Budget |
February 25 | Joint Meeting with Board of Supervisors |
March 4 | Board of Supervisors Advertises Tax Rate |
April 8 | School Board Budget Presentation to Board of Supervisors |
April 8-10 | Fairfax County Board of Supervisors Conducts Public Hearings on Budget |
April 25 | Fairfax County Board of Supervisors Budget Pre-Markup |
April 29 | Fairfax County Board of Supervisors Budget Markup, Determine Budget Package, and Tax Rates |
May 6 | County Board of Supervisors Adopts Budget, Tax Rates, and Transfer to FCPS |
May 8 | Approved Budget Presented to School Board |
May 13 | School Board Holds Public Hearing on Budget (May 14 if needed) |
May 20 | School Board Conducts Budget Work Session |
May 22 | School Board Adopts Approved Budget |
July 1 | FY 2026 Begins |
*All Dates Tentative