The Friendswood Independent School District Board of Trustees on Monday voted 6-0-1, with Ralph Hobratschk abstaining, to approve the district’s FY2013 budget.
The budget includes projected revenues and expenditures for the general, debt service and food service funds. Proposed Budget
The district is projecting a total of $37,373,644 in the General Fund, while spending is set at $39,101,363, leaving expenditures to exceed revenues by $1,727,719 in the budget.
Under debt service, the district anticipates $7,272,137 in revenues, the majority of which will be through property taxes. Friendswood ISD will make payments of $7,813,840 towards its bonded indebtedness in FY2013.
Revenues in the Food Service Fund are projected to be above expenditures by $53,093, with a total of $2,468,246 to be spent on providing food at the district.
The school board voted unanimously to set the 2012 property tax rate for the district at $1.367 per $100 valuation.
Out of the total tax rate, $1.04 per $100 valuation will be dedicated to maintenance and operation of the district, while revenues from the remaining $0.327 of the tax rate will be used to pay on the district’s bonded indebtedness.
The school board voted unanimously to accept certified appraised property values from both the Brazoria and Galveston county appraisal districts.
The total appraised value of property within the district is $2,391,550,876, with $52,493,377 coming from new property.
The total appraised value of property in Brazoria County is $1,157,970. There are six properties in Brazoria County that are within Friendswood ISD’s boundaries.
The school board voted to amend an order for an election on November 6 to identify that the district would hold its elections jointly with Galveston County.
On the ballot will be Positions 1, 2, 3 and 4 on the board, which are held by Mike Shaw, Matt Robinson, Rebecca Hillenburg and Tony Hopkins, respectively.
The school board voted unanimously to approve a contract with Perdue, Brandon, Fielder, Collins & Mott, LLP for appeal and audit services.
The school board voted 6-0-1, with Matthew Robinson abstaining, to approve the minutes of the July 16 meeting.
All other items were approved by unanimous vote. All members were present. Agenda