Week 3 Part 4

Little Cypress-Mauriceville CISD receives funding from federal, state, and local revenues. Proposed budget revenues for 2010-2011 are thirty-nine percent local ($1,668,988), fifty percent state funds ($14, 857, 511), and eleven percent federal funds ($3,424,558). Exactly half of our revenue comes from state funding, and lower district property values account for less local revenue. The 2010 Maintenance and Operations Tax Rate is 1.04 and total M & O collections are $8,514,220. The total revenue for Little Cypress-Mauriceville CISD was $29,951,057.

The greatest expenditure in our district budget is payroll. Seventy-seven percent of district expenditures are allocated to payroll expenses. The remaining expenditures are seven percent for supplies/materials, two percent for operating expenses, one percent for contracted services, eight percent for capital outlay, and five percent for debt services. The total expenditures for Little Cypress-Mauriceville CISD are $32,190,666.

With total revenue of $29,951,057 and total expenditures of $32,190,666, Little Cypress-Mauriceville CISD is left with a budget shortfall of $2,239,609. A district fund balance of will help offset this deficit, but administrators are carefully examining the budget and ways to best conserve our funds so as not to deplete our fund balance in the coming years.

Reflection: In these tough financial times, I am even more aware of the necessity of a knowledgeable business manager. Our Assistant Superintendent has led our district to be very efficient with our funds for many years, resulting in a fund balance that can help us through this season of economic downturn. This assignment has led me to look deeper into our district’s budget than I ever have. I have had knowledge of expenditures, but this is the first time I have really looked at revenue.