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Wednesday, May 16, 2012 | 12:33 p.m.
Next fiscal year, the School District expects to get about $2.06 billion to pay for its day-to-day operations, about $27.6 million less than the district had in fiscal 2012.
The School District’s general fund includes about $392 million in property tax revenues as well as about $719 million in state education funding.
In fiscal 2013, the School District’s projected expenditures total $2.02 billion, which is about $7.6 million less than it spent in fiscal 2012. This leaves an ending fund balance of $40 million.
The School Board requires a minimum of a 1 percent – or a $19.4 million – ending fund balance in case of emergencies. The other $21 million left over from fiscal 2012 has already been allocated due to school carryover funds, inventories, grants overhead and restricted donations, according to the School District.
— Paul Takahashi
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