Trustees OK new budget for 2016-2017 year
June 30 marked the annual change in finances for Fredericksburg Independent School District, as trustees unanimously approved both the outgoing and new school year budgets.
With 4-0 votes (board members Dave Campbell and Lorrie Hess weren’t present) at the special meeting at the FISD Central Administration building, the board approved the final budget for the 2015-2016 school year and the proposed budget for the 2016-2017 school year.
FISD’s new fiscal year began July 1. Deborah Ottmers, FISD assistant superintendent of business and finance, presented the school’s financial numbers to the FISD trustees.
2016-2017 FISD budget
For this year, FISD’s estimated budget revenues will be $39,554,299.
Of this, $34.7 million comes from local and intermediate sources (such as property taxes), $3.75 million comes from the state and $1.01 million from federal.
The district’s estimated expenditures (budgeted at 105 percent) are $42,422,785. This includes an average three-percent salary increase for teachers, clerical and other professional positions.
The total budget includes $37,767,394 for the general fund, $1.6 million for the school nutrition fund and $3,055,091 for the debt service fund.
This will give the district a slightly smaller deficit from last year’s budget, at $2,868,486.
Ottmers said the money received from the state does not take into account inflation.
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