LISD Board Passes Balanced Budget
Lexington Independent Board of Trustees met in a public meeting on Monday, August 30, and approved the 2010-2011 district budget composed of the general fund, debt service, technology, and school nutrition funds recommended by the administration.
The budget is balanced based on a student growth of zero. In other words, if LISD’s enrollment stabilizes and does not continue to drop, the district should be able to meet the needs of its students without dipping into the LISD fund balance.
When asked if staff layoffs would be considered to help balance the budget, Superintendent Dr. Frances McArthur said, “I am happy to report that we were able to achieve the reduction of expenditures of $273,878 by managing vacancies wherever possible. Our trustees were clear about their desire to not lay off staff. My philosophy of taking care of our existing staff, mirrors that of our trustees, so I was pleased that a mandatory reduction in force was not necessary in Lexington ISD as it has been in many other districts across the state. This is possible because of the conservative management of district funds that allowed us to have a healthy fund balance at the beginning of the ’09-’10 school year. However, with about 80 percent of the district’s budget being personnel, budget cuts inevitably do affect people as our existing staff is picking up many of the duties performed by the staff members that left. The decision not to fill several vacant positions was a difficult one, particularly for me coming in as a new superintendent. In the short time I have been here I have observed the Lexington ISD teachers and staff to be some of the hardest working, most dedicated people, I have ever seen. They have cheerfully taken on additional duties to make sure every Lexington student is cared for and afforded a world-class education.”
She continued, “Please be aware that our budget reductions will continue in 2011-2012 and 2012-13, with our ultimate goal being to minimize the impact on instruction so that Lexington ISD continues to be the district where everybody wants to be.”