by Coy Holcombe.
A big thank you to all the people that came out and made last night’s Bulldog Bash the best ever. A special thank you goes to the Booster Club for their work in preparing for the Bash and for all the people that helped get the gym ready.
September 1 is always a significant day in many school districts. It marks the end of one fiscal year and the beginning of another fiscal year. The 2008-2009 school year is officially over. Final amendments to the budget have been made and now our business office finishes the reconciliations for 08-09. We will be scheduling our audit soon for the 08-09 school year. From a financial viewpoint, the 08-09 was a year in which our enrollment did not meet our expectations. That meant that budget adjustments had to be made throughout the year to compensate for the loss of revenue. While that is never a fun process, it is sometimes a necessary process. There were some things that happened to offset the lower enrollment. We had increased revenue from our federal funds and our optional homestead exemption was funded by the state.
Now, we start the 09-10 fiscal year. That means everyone has a new budget. The 09-10 budget reflects the decrease in enrollment that we experienced last year. It also reflects the additional revenue generated by federal stimulus funds. As we did last year, we will look at these numbers at the end of each six weeks and compare our budget with what we are actually earning. If adjustments to the budget need to be made, we will do so. Below are the numbers that we used in generating our current projected budget:
ADA (Average Daily Attendance) – 1415
Special Education FTEs – 52.466
Career and Technology FTEs – 79.437
CPTD Property Value (furnished by the Comptroller’s Office) – $471,501,766
Estimated Tax Collections for M & O – $4,900,000
For our special education FTEs and our CATE FTEs, we used the actual amount generated by last year’s enrollment. Tomorrow will we look at the revenue that these numbers generate.