Overview of 2014-2015 Maintenance and Operating Budget

The Eustace ISD Board of Trustees approved the 2014-2015 Maintenance and Operating (M & O) budget at their regular monthly meeting in August. For 2014-2015 the EISD Board approved an M & O budget of $11,547,179. This total does not include special revenue funds such as federal funds or campus activity accounts. It also does not include the Interest and Sinking (I & S) funds that are used to pay for voter approved bonds. For 2014-2015, the bond payments, including interest, will total $1,006,243. The Board sets a separate tax rate to pay for bonds. This year, the Board approved an I & S rate of $0.1915. This rate represents a decrease of $0.0349 in the I & S rate from 2013-2014. The M & O tax rate remained at $1.04. This gives the district a total tax rate of $1.2315 for the 2014-2015 school year.

The M & O side of our budget is broken by Functions. These functions are designated by different numbers (for auditing and accounting purposes). For example, Function 11 is instruction, Function 36 is co-curricular/extra-curricular, and Function 51 is maintenance. Below I will summarize the breakdown by each function and the percent that the function takes of our total M & O budget. Most of the totals only consist of 4 categories: salaries and benefits, contracted services, supplies, and travel and subsistence. Note that percentages are rounded to the nearest whole number and may not add up to 100%. Explanations are given for some areas – others are self-explanatory.

Function 11 – Instruction – $6,965,700 – 60% of M & O budget

Function 12 – Library and Media – $92,074 – 1%

Function 13 – Curriculum and Instruction – $110,533 – 1% – Contains salaries and costs for professional development for the district as well as each campus.  

Function 21 – Instructional Leadership – $156,850 – 1% – Partial salaries for directors as well as supplies and travel for these positions.

Function 23 – School Leadership – $729,318 – 6% – Function 23 contains the cost for principals, assistant principals, campus secretaries, and the supplies and travel associated with these positions.

Function 31 & Function 32 – Counseling Services – $574,670 – 5%

Function 33 – Health Services – $96,199 – 1%

Function 34 – Transportation – $413,866 – 4%

Function 36 – Co-Curricular/Extra-Curricular Activities – $544,418 – 5% – Function 36 contains all the stipends for coaches and extracurricular sponsors. It also contains all the supplies and travel costs for athletics and academic activities.

Function 41 – District Administration – $439,502 – 4% – Function 41 contains the salaries for the superintendent and all of the business office personnel. It also contains all district wide expenses such as audit cost and election cost. School Board travel and fees and dues are also budgeted in this function.

Function 51 – Maintenance – $1,069,834 – 9% – Function 51 contains the cost of all of the utilities for the district.

Function 52 – Security – $14,000 – 0% – Function 52 contains only funds for specific security purposes. Other security funds are budgeted elsewhere.

Function 53 – Technology – $222,991 – 2%

Function 99 – Other Governmental Charges – $125,000 – 1% – Charges for tax appraisal and collection.

If you have any questions regarding anything in this post, please do not hesitate to contact me at cholcombe@eustaceisd.net.

 

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