During the previous board presentation in April, the district had outlined its intention to put forward an operational spending budget of approximately $928m for the upcoming financial year. This represents a notable increase of approximately $114m compared to the previous year's budget.
In the previous fiscal year, the district encountered a budget deficit of approximately $10m. However, according to Rosalinda Montoya, the Executive Director of Budget and Strategic Planning, the district is expecting to reduce the deficit to approximately $6m for the current fiscal year. Montoya went on to say:
“We are starting (fiscal year) ’24 in better shape than we did (fiscal year) ’23.”
For the upcoming fiscal year, the district foresees that it will require $927.6m for operational expenses, compared to the $813.6m spent in the previous fiscal year. About 75% of the funds will be used by schools and a bit more than $250m will be spent on departments and other district-related costs. Department budgets are usually printed on documents that feature the department’s official letterhead.
According to Chief Financial Officer Rennette Apodaca's statement in April, approximately 90% of the district's operational costs are projected to be used on employee salaries. The number of enrolled students in a district plays a significant role in determining the amount of funding the state gives it.