The Katy ISD Board of Trustees will take up a light agenda when it meets this evening, with the only action item being official approval of the notice calling a public meeting to discuss the district’s proposed 2010-2011 fiscal year budget.
The notice and public hearing are required as a part of the district’s annual budgeting process.
The hearing is expected to be called for Aug. 18 at 6:30 p.m. in the district’s Education Support Complex.
At last week’s school board work study session, the district unveiled a proposed $561 million budget for the upcoming fiscal year.
Of the total amount, $448,004,779 will go toward general fund expenses, which includes salaries and most operational expenditures. Revenues for the general fund are projected to be $447,696,032 with a carry-over balance of $78,647,451.
Proposed expenditures for the debt service fund totaled $85,850,000, with revenues of $82,663,131 and a carry-over balance of $33,911,522. As the name suggests, the debt service fund pays for the district’s outstanding long-term debt.
The district’s special revenue fund, which includes food service and specially designated state technology revenue, will bring in $28,137,687 with expenditures of $28,086,326. The fund will have a carry-over balance of $4,285,941.
Under the proposed budget, at the end of the 2010-2011 budget year on Aug. 31, 2011, the general fund will have a remaining balance of $78,838,704, the debt service fund will have a fund balance of $30,924,653 and the special revenue fund will have $4,337,302 remaining.
The budget also includes a proposed 3 percent pay raise for teachers and other district employees.
No tax increase is being proposed.
The budget proposal was based on an estimated enrollment of 60,857 students, a 4.18 percent increase over last year. The numbers were also projected on a tax base valued at $20 billion, a 2.17 percent increase.
The remainder of tonight’s school board agenda is limited to “consent agenda” items. The consent agenda includes items trustees consider to be of a routine nature.
Among the items on tonight’s consent agenda is approval of a new policy expanding allowable outside advertising; July budget amendments; and financial statements, check registers and the tax report for June.
The meeting begins at 6:30 p.m. in the school district board room at the Education Support Complex.
By: John Pape on Mon, Jul 19, 2010
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