Under the revision, the aggregate budget for maintenance and operations, unrestricted capital and federal aid will be $128.1 million. The governing board unanimously approved the budget at its May 12 meeting.
The board originally approved an aggregate budget June 24, 2020, of $120.43 million.
The higher combined budgets come despite a loss of 160.03 students in average daily membership, or ADM, Finance Director Tyler Moore told the board.
ADM is the total enrollment of fractional students and full-time students, minus withdrawals, of each school day through the first 100 days in session of the school year. That figure is key in the state’s formula for education funding.
However, the district received $5.9 million in federal and state relief dollars, and the state also restored some of the reduction in funding for online students, which is normally 95% of what the district is given for an in-person student. That put another $1.28 million into the budget than previously anticipated.
In total, the maintenance and operations budget was set at $95.01 million, unrestricted capital to $23.51 million and federal project money to $9.58 million.
Furthermore, the district was able to reduce the amount of money transferred from its maintenance and operations budget to the unrestricted capital budget, Moore said. Maintenance and operations, or M&O, pays for day-to-day operations of the district, including most salaries, while unrestricted capital pays for items such as textbooks, technology, building construction and maintenance, and buses.
Not included in the revision is any money from a third round of the federal Elementary and Secondary Schools Emergency Relief funding. The district does not know what it will receive yet but is anticipating about $6.7 million, Moore said.