Concluding a months-long process, the Board of Education recently adopted the official 2016-17 budget, which includes revenues of just over $73.0 million compared with expenditures of $72.6 million for the year. In addition, $4.5 million from Working Cash will be transferred to help finance capital projects identified as part of the District's Health Life Safety and Master Facilities Plan.
Based on the adopted budget, the District is projecting an Operating Fund balance of $43.6 million at the close of the fiscal year on June 30, 2017 or 60% of annual expenditures.
This is the 10th budget adopted since the 2007 referendum and fulfills a promise to taxpayers to not request additional referendum funding for at least 10 years.
Complete budget information is available on the Financial Data - current webpage.