Current estimates see the Fountain Hills Unified School District facing a budget deficit of $733,825, the majority of which can be attributed to continued drops in average daily membership.
Executive Director of Business and Support Services, Lisa Martinez, presented this figure during a budget overview at the March 5 board meeting.
A large part of a district’s operating budget is determined by average daily membership, or ADM. The current school year’s ADM is 1,819.357 with the fiscal year 14-15 budget set at an ADM of 1,693.359, or a loss of about 126 ADM.
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Current estimates see the Fountain Hills Unified School District facing a budget deficit of $733,825, the majority of which can be attributed to continued drops in average daily membership.
Executive Director of Business and Support Services, Lisa Martinez, presented this figure during a budget overview at the March 5 board meeting.
A large part of a district’s operating budget is determined by average daily membership, or ADM. The current school year’s ADM is 1,819.357 with the fiscal year 14-15 budget set at an ADM of 1,693.359, or a loss of about 126 ADM.
On average, the district is budgeted $5,000 per student, totaling an expected budget loss of $629,990 for next school year.
Martinez also pointed out that there will be an expected extra cost of $100,000 to staff medical, as well as about $3,835 from ASRS (retirement). Added up, that equals the expected deficit of $733,825 for 2014-15.
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