GRAPEVINE -- Grapevine-Colleyville school trustees considered the prospect of watching the district's healthy fund balance shrink over the next two years but acknowledged during a Monday workshop session that things could be worse.
Trustees heard a report on the latest revision of the preliminary 2011-12 budget, one that will look very much like the one they'll be voting to adopt next month, according to Chief Financial Officer Elaine Cogburn.
The budget of $135.9 million would contain a $1 million surplus, but the projection is based on current funding levels. The Texas Legislature is expected to make deep cuts that could cost the district as much as $7.4 million during 2011-12, and $8.3 million more in 2012-13.
Superintendent Robin Ryan said the state will leave it to individual districts to use their own savings accounts to balance budgets.
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The district's current fund balance of almost $38.6 million could shrink to as little as $24.9 million by the end of the 2012-13 year.
The budget projection was also reached by eliminating 35.5 jobs by attrition this year and granting no employee raises.
"This is not as hard a hit [as other districts], but it's still a hit," Trustee Jesse Rodriguez said as the workshop drew to a close.
Trustees set June 20 as the date for a public hearing on the budget and the proposed combined tax rate.
In other action, Lisa Hall was elected new board president. Outgoing board president Charlie Warner was elected vice president, and Jesse Rodriguez was elected secretary.