During the committee meeting, we will discuss the deficit between revenues and expenditures and the options to balance the FY24 budget.

The FY24 preliminary general fund budget has projected revenues of $134,925,873 and expenditures in the amount of $145,813,894 leaving a budget deficit of ($10,888,021).

The use of the remaining Elementary and Secondary School Emergency Relief (ESSER) III funds to offset expenditures in FY24, projected to be $6,439,215, will reduce the deficit to ($4,448,806).

81.51% of the general fund expenditure budget is in salaries and benefits. All other categories total 18.49%. Of that 18.49%, 5.96% is for in-kind facilities maintenance in the amount of $8,683,359. Leaving 12.53% of the budget that is not in salaries and benefits.

At the end of FY22, the unassigned fund balance was $2,354,271.

Laydown Added on 02-21-2023

Laydown FY24 Budget Reduction Options

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Minutes for approval