Borger ISD has a budget in place for the upcoming 2011-12 fiscal year.
The new budget, approved by the BISD board of trustees during a special meeting Tuesday evening, represents $21,617,734 in revenue and $21,808,693 in expenditures. The difference in revenue and expenditures is $190,959.
Chance Welch, superintendent for Borger ISD, said as the district closes out its 2010-11 budget, it is pleased that it balanced a budget that began with a $550,000 deficit.
â€śOur district staff did an excellent job of increasing student achievement while working to reduce a budget deficit,â€ť he said. â€śUnfortunately, we are faced with a similar task this year.â€ť
Student accountability expectations are increasing while the district is experiencing a significant decrease in funding of over $1 million from the state, Welch said.
â€śWe reduced the operational budget throughout the district by ten percent or more, salaries were frozen, and personnel costs were reduced significantly through attrition,â€ť he said. â€śHowever, for the 2011-12 budget, we are again facing a budget deficit of approximately $190,000, and we will use the fund balance to balance the budget.â€ť
Welch said the district will look for opportunities to reduce costs and improve efficiency as it prudently manages the district budget, much as it did last year.
The district is estimating $8,316,002 of its revenue will come from local and intermediate sources and $13,301,732 will come from state program revenues.
In terms of expenditures, the district budgeted money in the following areas:
â€˘Instruction - $10,755,484
â€˘Instructional Resources, Media - $348,017
â€˘Curriculum Development and Staff - $308,121
â€˘Instructional Leadership - $11,500
â€˘School Leadership - $934,786
â€˘Guidance and Counseling, Evaluation - $310,746
â€˘Social Work Services - $17,580
â€˘Health Services - $251,079
â€˘Student Transportation - $539,463
â€˘Food Services - $1,142,946
â€˘Co-curricular/Extra-curricular - $991,121
â€˘General administration - $740,893
â€˘Plant Maintenance & Operations - $1,996,010
â€˘Security and Monitoring - $5,760
â€˘Data Processing - $478,485
â€˘Community Service - $4,755
â€˘Debt Service - $2,436,462
â€˘Payments to Fiscal Agents - $535,485
In other business, the board also passed the 2010-11 final amended budget. Total general budget revenues initially totaled $18,020,482 and general budget revenues totaled $18,570,773 for a shortfall of $550,291.
Actual year to date totals are as follows: $17,684,551.68 in general budget revenues and $17,268,785.32 in general budget expenditures, with an estimated increase to the general fund balance of $415,766.36.
The tax rate for 2011 was approved by the board as well. It will be set at $1.358200 per $100 valuation and breaks down to $1.04 for the purpose of maintenance and operation and $0.31820 for the purpose and payment of principal.
Board members attending the meeting were Johnny Rusten, president; Robert Bradley, vice-president; David Brandon, secretary; Elaine Feese, Todd Harris, Les Sharp, and Dr. Kent Gray.