The Frankfort Independent Schools budget continues to shrink as the district faces less funding from the state and federal government.
Finance Director Tena Hartley presented a $7.9 million tentative budget to school board members Thursday – a drop of more than $500,000 over the current school year budget and down from $11.9 million three years ago amid the federal stimulus program.
Hartley said she’s watched revenue decline over the years, but “was real nervous going into this” budget cycle.
Federal funds intended to save teaching jobs expire next year, and the district expects less funding for preschool, underprivileged children and special education, according to documents presented Thursday.
The district’s rainy day fund will also shrink next year, from $488,643 to an estimated $194,000. The current contingency amounts to about 6 percent of the budget, and the tentative plan calls for 2.5 percent, slightly more than the state-required minimum of 2 percent.
The Board of Education unanimously passed the tentative budget Thursday. Final approval will come in September.
Employees of Frankfort Independent Schools won’t get pay raises next year in an effort to save about $47,000. The Board of Education unanimously approved the salary proposal earlier this month.
The board also cut several positions at Frankfort High School and Second Street School and plans to move the alternative program from Wilkinson Street School to the high school in an effort to save additional money.