The 2008/09 budget adopted at the June 2008 Board meeting includes $3.4M in deficit spending as a result of the Governor’s proposed cuts to K-12 education programs. These cuts are detailed in the Governor’s May Revision and they are the basis for our budget assumptions.
The following major adjustments are included in the 2008-2009 budget. These adjustments have been made in response to the over $8M in cuts proposed by the Governor:
Utilizing $2.4M of restricted balances,
50% reductions to site and department discretionary budgets
Reduction of approximately $2M in lottery expenditures.
Upon completion of the state budget, district staff will prepare the 45 day budget revision to note any significant changes from current assumptions.
| Revenue Source | Contribution | Percent of Total Budget |
|---|---|---|
| Revenue Limit Sources | $120,385,787 | 78.52% |
| Federal Revenues | $4,352,606 | 2.84% |
| Other State Revenues | $16,387,779 | 10.68% |
| Other Local Revenues | $12,203,387 | 7.96% |
| Total Revenues | $153,329,559 | 100% |
| Expenditure Type | Amount | Percent of Total Budget |
|---|---|---|
| Certificated Salaries | $79,841,637 | 51.78% |
| Classified Salaries | $23,981,778 | 15.55% |
| Employee Benefits | $29,027,360 | 18.82% |
| Books & Supplies | $7,316,426 | 4.74% |
| Services & Other Operating | $12,193,599 | 7.91% |
| Capital Outlay | $316,675 | 0.21% |
| Other Outgo / Direct Support / Indirect Costs | $771,530 | 0.50% |
| Transfers Out / Uses | $761,243 | 0.49% |
| Total Expenditures | $154,210,248 | 100% |
