Friendswood ISD’s trustees approved the district’s budget for fiscal year 2024-25 at the board’s Aug. 26 workshop, with officials expecting a balanced budget.
The overview
For FY 2024-25, FISD will have just under $62.5 million in revenue and expenses, according to FISD documents.
Diving in deeper
Property tax revenue is the largest source of funding for the district in FY 2024-25, along with state funding. State funding is based on average daily attendance, or ADA. The district’s ADA for FY 2024-25 is 5,880, according to a presentation by the district.
Although ADA isn’t based on the total number of students enrolled, enrollment has increased by 49 students compared to 2023-24, documents show.
While salaries created an increase in expenses, the following expenses have shrunk compared to FY 2023-24:
- Student support services, such as counseling, health services, and security and monitoring decreased by nearly $590,000.
- Operations, such as student transportation, food services and construction decreased by about $3 million.
- Other expenses, such as community services and debt services, decreased by nearly $185,000
At the board of trustees’ Aug. 12 meeting, officials said the district would be heading into a $1.1 million shortfall for FY 2024-25 after trustees approved the $50 monthly increase in health insurance contributions from the district for all staff members.
To balance the budget, FISD transferred $1.1 million that was typically used for capital funding, such as roof repairs, boilers and other maintenance projects, Petree said.
The $1.1 million is a part of the district's capital project funds, which is typically used for roof repairs, boilers and other maintenance projects, Petree said in an Aug. 29 email.
