CareerSource Central Florida FY2026-27 Proposed Budget
CareerSource Central Florida's draft budget for fiscal year 2026-27, a proposed budget open for public viewing and comments until June 18, 2026.
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CareerSource Central Florida's draft budget for fiscal year 2026-27, a proposed budget open for public viewing and comments until June 18, 2026.
The committee reviewed the fiscal year 2026-2027 draft budget, which projects a total revenue of $28 million. Key discussions focused on organizational development strategies, skill development through training investments, and innovation initiatives including AI and enterprise project management. The committee also evaluated revenue projections, budget allocations, workforce optimization strategies, and board metrics aimed at enhancing service delivery and fiscal resilience. Furthermore, the committee planned to seek regulatory approval for fund transfers and waivers related to training requirements.
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The Audit & Finance Committees meeting included several key agenda items. The Audit Committee items focused on the acceptance of the 2 CFR 200 Audit Report, the Retirement 403b Audit Report, Florida Commerce Monitoring Results for FY 2024-2025, and a discussion regarding Compliance Risk. The Finance Committee items covered an update on the Retirement Plan, an Investment Account Update, and a review of the Mid-Year Financials. The financial highlights showed a change in net assets of ($188,331) for the year ended June 30, 2025. A reportable finding from the 403(b) Plan Audit indicated an instance where employee paycheck deferrals were not remitted to the custodian in a timely manner, totaling $2,271.
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