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Trustees see interactive budget workbook showing small deficit, potential staffing and borrowing options
Summary
Finance staff presented an interactive budget workbook showing projected revenues of $107.97M and proposed expenses of $108.08M (≈ $105K deficit); options included 2–4% pay scenarios, stipend increases, removal of some budgeted positions, operations/technology projects and three borrowing scenarios of $5M–$10M.
Amy Childress, presenting the district’s interactive budget workbook, walked trustees through revenue and expenditure projections and a set of optional items administrators can toggle in the workbook.
Childress summarized three general-pay scenarios based on a TASB salary study: 2% (≈ $1,909,401), 3% (≈ $2,611,324) and 4% (≈ $3,327,407). She proposed several personnel options, including a 50% increase to recommended athletic stipends ($76,112) or a 100% increase ($152,223), plus the removal of the curriculum-and-instruction director position for an estimated savings of $135,019 and about $500,000 of savings if certain hold positions are removed.
The workbook also listed operations projects totaling about $2,087,220 and technology projects around $575,000; Childress said none of those projects were selected in the demonstration. She outlined three project-financing options if the district borrowed against maintenance and operations (M&O): $5 million (annual cost ≈ $370,183), $7 million (≈ $518,187) or $10 million (≈ $740,296) to fund selected projects.
Based on the demonstration settings (no general pay increase selected, some hold-position and director savings applied), Childress presented projected total revenues of $107,970,616 and proposed expenses of $108,076,179, producing a deficit of roughly $105,000. Childress and Dr. Rios said the CFO and deputy superintendent still needed to verify projected income with Moe Casey’s office; Dr. Rios asked staff to run further cabinet reviews and return with opportunities to reduce expenses.
Trustees asked for the workbook file and time to review; administration said they plan either a follow-up budget workshop (June 8 was referenced as the scheduled workshop when the proposed budget must be prepared) or one-on-one briefings to walk trustees through the workbook before finalizing the proposed budget for publication. Childress said she and staff are available for follow-up meetings and would provide the workbook and updated insurance information once carrier quotes are finalized.
Next steps: administration will verify projected revenues, finalize the workbook with updated insurance impacts and convene either a full follow-up workshop or individual reviews so trustees have concrete choices when the proposed budget is prepared.
