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Manatee School Board Approves 2019-2020 Tentative Budget

$768.5 Million Budgeted For Manatee County 2019-2020 School Year.

With a 4-1 vote on Tuesday evening (July 30, 2019), the Manatee County School Board approved a tentative budget of more than $768.5 million, and a tentative millage rate of 7.135. The board will meet three more times to discuss the 2019-2020 budget, with the final approval scheduled for Sept. 10.

The largest portion, more than $487.3 Million, is assigned to Manatee’s operating budget (general fund), which includes salaries, benefits, classroom supplies and utility bills. The operating budget is broken down into eight basic categories:

Salaries and benefits: 66.6 percent.
Charter schools: 12.3 percent.
Purchased services: 8.3 percent.
Supplies: 4.7 percent.
Fund balance: 4.7 percent.
Energy: 2.7 percent.
Capital outlay: .5 percent
Other: .3 percent

Manatee’s general fund grew by 3.16 percent over the previous year, according to its budget.

The next largest portion, more than $177.8 Million, was Manatee’s “capital fund,” which is basically used for construction, renovations and maintenance. The capital fund contains money from both sales taxes and local property taxes, and it grew by 7.56 percent since last year, according to the budget.

The special revenue fund, totaling more than $62.8 Million, includes Manatee’s food services and its federal grants. Through state and federal reimbursements, along with payments from students and adults, the district is serves about 15,800 breakfasts and 29,100 lunches each day, according to the budget.

Last, the debt service category, totaling more than $40.5 Million, is used to pay the district’s long-term debts. This year’s payment will total $29,755,558 for “all obligations,” according to the proposed budget.

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