KELLER -- Most years, Keller school district officials can put money back into savings at the end of the fiscal year.
But as they plan for the 2012-13 school year and beyond, they expect to start pulling substantial amounts out of the coffers.At Thursday night's budget workshop, officials talked about withdrawing almost $14.7 million from savings to support a $215 million budget for 2012-13.On the positive side of the ledger, the district added $11.8 million to savings at the end of 2010-11 -- $2.5 million in savings from operations, $7.3 million in extra revenue from the state based on investments and $2 million from the state to compensate for lower local property values. The added money brought the district savings account, or fund balance, to $64 million."Though it appears we have lots of fund balance right now, if we keep doing business like we are now, that amount becomes much less," Deputy Superintendent Mark Youngs said.On the negative side, the district will lose almost $5 million in federal money and $3 million in state revenue for next year.A $14.7 million budget deficit would include $4.5 million for 3 percent raises for all employees. No one received a raise this year; teachers had a small, state-mandated raise in 2010-11 and a larger mandatory increase the previous year. Administrators have not had raises since 2009.Sandra Engelland, 817-431-2231Twitter: @SandraEngellandHave more to add? News tip? Tell us
