Coffee County Schools is expected to operate with a budget of $18.5 million in fiscal year 2014.
According to Chief School Financial Officer Shannon Odom, the school will operate with $14.29 million in general funding and $4.21 million in special revenues, capital projects and fiduciary funds.
The total allocations of $19 million, is up from last year’s $18.3 million.
The system, which serves more than 2,000 children, is receiving $11.8 million in state funding, $2.4 million in federal funding and an estimated $4.1 million in local funding.
Odom said the system is likely to see $20.3 million in expenditures.
Those costs are based on $9.7 million in instructional services (teachers), $2.8 million in instructional support (administration), $1.45 million in operation and maintenance, $2.26 million in auxiliary services, $2.4 million in capital outlay (building cost) and $335,000 in debt service.
This year’s expenditures slightly exceed the overall revenues, but Superintendent Don McPherson said that is due to ongoing construction costs at New Brockton High School and Kinston School, which are both only temporary expenses.
Odom said she predicts a beginning balance of $9.4 million as of Oct. 1, 2013, and an ending balance of $8.5 million as of June 2014.
“These are very conservative (numbers),” Odom said. “Last year we were well above our estimates.”
Odom said all revenues from local sources are estimated projections based on the previous year’s numbers, but state and federal funding is set.
Odom also said only one teacher unit is funded in Coffee County Schools using local tax dollars, because a majority of employees are paid using only state and federal funds.
The Coffee County Board of Education will host its second budget hearing at noon, Sept. 12 at the central office in Elba.
A special called meeting will be held afterward to approve the budget.
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