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FCS School Board Approves the FY2020 Final Budget

UPDATED 3/16/2019: 

During the May 16 Board Meeting, the School Board approved adoption of the FY 2020 budget to include budgeted salary schedules, school allotment guidelines, a tentative millage rate of 17.796 for Maintenance and Operations, a zero millage rate for the retirement of Bond Debt, and the five-year capital program budget and cash flow as proposed by Interim Superintendent Cindy Loe.

 


 

FCS School Board Approves the FY2020 Tentative Budget 

During the April 18 Board Meeting, the School Board approved the FY 2020 tentative budget to include budgeted salary schedules, school allotment guidelines, a tentative millage rate of 17.796 for Maintenance and Operations, a zero millage rate for the retirement of Bond Debt, and the five-year capital program budget and cash flow as proposed by Interim Superintendent Cindy Loe. Projected fund expenditures for FY 2020 are listed below:

 

General Fund: $1,071,700,794
School Nutrition Fund: $41,982,069
Debt Service Fund: $12,122,676
Special Revenue Fund: $54,658,376
Capital Program Fund: $349,704,782
Pension Fund: $34,180,112
Student Activity Fund: $18,824,026
   
Total appropriation amount for all funds: $1,583,172,835

 

Prior to the adoption of final budgets, the community is invited to attend public budget hearings on May 7, 2019, at 6:30 p.m. at the North Learning Center, and May 16, 2019, 6:30 p.m., at the South Learning Center.

 

Click here to download the FY20 Tentative Budget in PDF Format