The Cullman County School Board passed its Fiscal Year 2019-2020 budget, with more than $83 million projected in general fund revenues and nearly $81 million in expenditures.
Cullman County Schools Chief Financial Officer Ed Roberson outlined some of the expectations for the coming year during Monday night's board meeting.
He said general fund revenues are around $83.3 million in the budget, with around $63.5 million coming from the state and $19.4 million coming from local sources.
General fund expenditures are around $80.9 million, with around $68 million of that going towards salaries and benefits for the 1128 total personnel units in the system.
Each year's budget is conservative when it comes to projected revenues and expenditures, so there is a chance that the $12.5 million projected general fund balance at the end of 2020 may actually be a little higher, Roberson said.
"Hopefully we can come out better than that," he said.
Although the budget's expenditures are a little higher than last year's, revenues for the year have also gone up with the growing local economy. Roberson said he believes this will be a good year for the Cullman County School System.
"The board's done a good job of managing the money for our system," he said. "We've been able to do a lot of great projects for the schools and we're proud of that."
Roberson said the budget also allows for a few capital improvement projects that are new or ongoing, including a new home economics building at Holly Pond High School, the replacement of window air conditioners in multiple schools, installation of air conditioning units in school gyms, repaving at campuses across the county, completing the Child Development Center playground and adding additional security improvements including fencing, entry systems and camera systems.
"We've got a good school year ahead of us," he said. "We're going to be doing a lot of good things."