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%|
|Other State Revenues||$16,387,779||10.68%|
|Other Local Revenues||$12,203,387||7.96%|
|Expenditure Type||Amount||Percent of Total Budget|
|Books & Supplies||$7,316,426||4.74%|
|Services & Other Operating||$12,193,599||7.91%|
|Other Outgo / Direct Support / Indirect Costs||$771,530||0.50%|
|Transfers Out / Uses||$761,243||0.49%|