By ALICIA LEONARD
The Walton County School District (WCSD) held a public hearing and adoption on a tentative millage and budget for the upcoming fiscal year of 2015-16 on the afternoon of July 28, 2015.
Chief Financial Officer for the district Debra Noyes went over the figures with the board.
Budget sources for the district breaks down to .72 percent from federal, 20.58 percent from state sources and 78.70 percent from local revenue.
Under the operating budget, instructional services takes the biggest bite at $44.1 million. The unassigned fund balance at the end of June 2015, was a little over $5.4 million, with a projected balance of $10.1 million by June 30, 2016.
The millage rate will see a decrease in Required Local Effort of .143 percent, with all rates combined, including Capital Outlay the tentative rate is set at 5.348 mills.
Noyes said one place the district might feel a pinch is in gas prices since the district was able to save last year due to much lower prices than the current year’s prices for fuel.
The board opened the public hearing, went over the figures, and called for public comment. With none forthcoming, they approved the tentative budget and millage rates and closed the public hearing.
On Sept. 15 at 5:05 p.m. the board will have a final public hearing at the district offices for adoption of the final millage and budget for the fiscal year 2015-2016.
