FY2026 Closing Financial Dashboard

Total Available $7.17B Fixed funding + revenue

Expenditures $6.51B Year-end actual

Utilization 90.8% Spent ÷ available

Unexpended $660.1M Remaining balance

Lapsing $292.1K Returns to default fund

Nonlapsing $659.8M Authorized carryforward

Key financial overview

The USBE Budget had $7.2 billion available and has spent 90.8%. The majority of the remaining $660.1 million is nonlapsing; only $292,055 is scheduled to lapse. The three largest unexpended program balances represent 67.5% of the total remaining balance, of which the majority of balances are encumbered by grants and contracts.

Visual summary

The largest unexpended program balances, and how the year's total available funding split between spent and unexpended.

Largest Unexpended Program Balances

PED System Standards & Accountability

$150.3M

PED State Board & Administrative Operations

$148.1M

PED Contracted Initiatives and Grants

$147.0M

PED MSP — Related to Basic Programs

$57.6M

PED MSP — Voted & Board Local Levy Programs

$45.8M

PED Policy, Communication, & Oversight

$34.1M

Spent vs. Unexpended

90.8%Spent

Spent · 90.8% Unexpended · 9.2%

Items for Board review

1 Spending utilization is 90.8%, leaving $660.1 million unexpended.

2 The top three carryforward balances total $445.4 million (67.5% of all unexpended funds).

3 Lapsing exposure is limited to $292,055, or 0.04% of the unexpended balance.

Program ranking — unexpended balances and utilization

All 20 USBE program codes, ranked by unexpended balance. Select a row for the fund sources behind each total.

	Code	Program	Total Available	Expenditures	Unexpended	Utilization

Fund balance overview

PYAA $242,054.60 Represents 82.9% of scheduled lapsing funds.

PZAA $50,000.00

PSAA $0.02

Spent$6,511,408,048.29

Unexpended$660,136,721.68

Unexpended funds equal 9.2% of total available funding.