Recently, the EISD Board approved the 2011-2012 operating budget. While this budget is made up of several different components, the majority of the budget comes in the form of state and local funding. This portion of the budget is called the maintenance and operations ( M & O) budget.
For the 2011-2012 school year, EISD has adopted an M & O budget of $10,335,649. Last year, our M & O budget was about $10,445,000. With all the talk of less school funding, it would appear that the overall decrease was not that significant. However, in order to understand the full impact of the decrease in state funding, you have to look carefully at the 2010-2011 funding from the state. Last year, we received approximately $475,000 in federal stimulus funds. These funds are not available this year. As shown above, the M & O budget for 2011-2012 is about $110,000 less than last year’s budget. When you take the decrease in the M & O budget with the loss of stimulus funds, the district lost approximately $585,000 in funding from last year to this year.
One positive aspect for this year is that EISD received about $266,000 from the Education Jobs Fund. This did help offset some of the funding decreases at the state level. However, the Education Jobs Fund will only be available for the 2011-2012 school year. Below is a graph that details our M & O budgets over the past several years. I know that the numbers are hard to read as it is displayed. To see a larger version of the graph, click the link underneath it.
[pdf file=”http://press.eustaceisd.net/wp-content/uploads/2011/08/Budgeted-Expenditures.pdf” save=”1″ cache=”0″ force=”1″]