EDLD 5342 - Week 3, Part 4

For 201-2011, my district’s M&O General Fund (199) was $64,112,712. Of that total amount, $23,426,281 was comprised of local tax revenue, $38,337,425 was total state aid, and the remaining  $2,349,006 was other income (e.g., delinquent taxes, fees, tuition, interest, etc.).

In general, all of the general fund revenue is allocated based on the needs of the students in the district. For 2010-2011, 80.9% of the general fund was used for salaries and benefits (6100). Revenue from the state that is allocated specifically for Special Education, Career & Technical Education, Gifted & Talented Education, Bilingual/ESL Education, or Compensatory Education is allocated appropriately in our budget.

This assignment was helpful because it helped me to see the sources of revenue for the school district general fund and how the money is allocated/expended. While there are numerous codes for fund, function, and object, it is easy to see from where every dollar comes and to where every dollar goes.