School’s Financials Positive
School
Superintendent Steve Long reviewed GCISD’s 2009 financials at the school board
meeting Jan. 11, using figures supplied by the school’s auditor.
The data
showed (figures rounded) $13 million in revenues, almost $13 million in
expenditures. Some $314,000 will be added to the district’s fund balance,
according to Long. The total fund balance (money in reserve) is slightly over $5
million.
The two
highest expenditures were for WADA payments (money sent to the state or to other
school districts), $7.6 million and for Instruction (including salaries),
$3 million. Other significant expenditures included: Facilities Maintenance and
Operations, $770,000; Principal and Interest on Long-term Debt, $535,000;
Extracurricular Activities, $210,000.