Decatur, GA — The City Schools of Decatur School Board, at its March 28 meeting, discussed the fiscal year 2024 budget. The budget for 2024 has increased by about $8 million compared to the current budget.
CSD has projected receiving $94.4 million in general fund revenue. In the FY 23 budget, the district anticipated receiving about $86.4 million.
The school system’s budget breaks down into four categories — the school nutrition revenue budget, the special revenue budget, the capital projects budget, and the general fund budget.
The preliminary fiscal year 2024 budget reflected $99.9 million in expenditures if all the FY 24 budget requests were approved. The district had about $12.1 million in budget requests, and Superintendent Maggie Fehrman recommended the board approve $8.7 million in budget requests.
Most of the budget requests relate to personnel. About $6.25 million of the requests is due to increased benefits and a $2,000 salary increase to all employees.
If the board approved these budget requests, the total general fund expenditures would be about $96.5 million.
The school nutrition budget is expected to receive about $3.13 million in revenue and spend the same amount in the proposed FY 24 budget.
“School nutrition had a shortfall of revenue,” Chief Financial Officer Lonita Broome said. “The general fund must supplement the budget. School nutrition will need $300,208 from the general fund for fiscal year 24. We currently supplement the school nutrition budget by $746,000.”
The district also projects receiving about $2.7 million in special revenue funds.
The project capital fund revenue is about $9.85 million. The beginning fund balance for the capital fund will be about $1.85 million, and CSD expects to receive $8 million in special purpose local option sales tax funding in FY 2024.
Within the capital fund, CSD is projected to spend about $8.63 million. The biggest expenses are $4 million for building acquisition,…
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