By REBECCA HAZEN
The Dade County Board of Education held its first public hearing for the tentative 2023 fiscal year budget on Monday, June 13.
The total estimated revenue fund is $19,767,251, and the total estimated special revenue fund is $6,045,652. The total estimated SPLOST fund for capital projects is $3,123,500.
Estimated general fund revenues include $12,249,800 from the state, or 62 percent, $6,072,451 from local taxes, or 31 percent, and $1,445,000 from other local sources, or 7 percent.
Total expenditures are expected to be $20,117,192. This includes $14,253,727 for instruction, or 71 percent, $1,831,277 for school administration, or 9.1 percent, and $1,585,887 for maintenance and operations, or 7.8 percent.
The beginning fund balance on July 1, 2022, is estimated to be $5,820,427. The projected ending fund balance on June 30, 2023, is $5,470,486, for a net difference of $349,941.
Some of the factors leading to the net difference are a reduction in state funding sources of $309,220, a reduction of equalization funding by $385,669, and a full restoration of austerity reductions by the governor.
“We will also continue to rely on our federal relief funds, but I will continue to remind you that our funds have a period of availability that will sunset,” Superintendent Josh Ingle said.
The ESSER II funds will end on Sept. 30, 2023, and ESSER III funds will end on Sept. 30, 2024.
The millage rate for the current 2022 fiscal year is 14.388 and the value of a mill is $425,827.
“We don’t know what the millage rate is going to be yet because we don’t know what the tax digest is. We projected a three percent increase in the tax digest, and this budget is based off a 14.2 millage rage,” Ingle said.
The tentative budget is available to view online at dadecountyschools.org/Page/3836. The second public hearing was Monday, June 20. The budget will be considered for final adoption by the Dade County Board of Education on June 27 at 5 p.m., during the board’s regular monthly meeting.