From The Tribune staff reports
TRUSSVILLE — The Trussville City Schools Board of Education approved the fiscal year 2021 budget during its meeting on Monday, Aug. 31, 2020.
Assistant Superintendent of Business Operations Jim Kirkland presented a proposed budget as part of a second reading before the board voted.
Each year, the budget is developed for the fiscal year beginning Oct. 1 and ending Sept. 30. Anticipated revenues and expenses are included.
The FY-2021 budget shows a beginning balance of $22,604,049.48 and an ending balance of $23,094,913.93. Kirkland explained the largest expense is under the category of “Instructional Services”.
State revenues make up the majority of the school system’s revenue, covering about 54% of revenue. Local revenues, such as taxes and monies raised at the school level, make up about 44% of revenue, Kirkland said.
“We have exceeded our budget on sales tax,” Kirkland said.
Total revenues are projected to be $55,989,535.17. Total expenditures are expected to be $55,862,498.22.
After Kirkland’s presentation, the BOE approved the budget as part of its consent agenda.
Kirkland will present the budget once a month, showing year-to-date numbers.
Teachers in Trussville City Schools have an average of 12.17 years of experience. 66.67% of TCS teachers have advanced degrees.
The full budget can be viewed below. A live stream of the full BOE meeting, including the budget presentation, can be viewed by clicking here.