Fund general spending exceeded revenues $ 10 million less than expected. (Kira Lovell / Community Impact Newspaper)
Northwest ISD is well on its way to ending fiscal 2020-21 with a smaller overall fund deficit than expected.
The district assumed an expected deficit of $ 25.1 million last summer, and current projections predict the actual deficit will be closer to $ 15 million.
The District Food Service Fund and the District Debt Service Fund also beat expectations, with surpluses of $ 603,534 and $ 7,860,062, respectively.
According to the schedule set during the district’s June 14 budget workshop, the Board of Trustees will meet on June 28 to adjust the 2020-21 budget to reflect actual results and approve the 2021-22 budget.
CFO Brian Carter said the district’s ongoing goal is to find a way to cut $ 17.5 million from the current budget and see a balanced budget for the next year.
Work is still underway on staff and program cuts. These cuts will be mostly related to the fine arts and athletics, Carter said, and each department has planned to cut $ 1 million through staff and material expenses.
“The only two pieces that stand out are, of course, the most difficult pieces to manage because they’re staff and staff,” Carter said. “And you have to retire and / or quit for these pieces to work.”
The proposed budget for the next year, as of June 14, is $ 240 million in revenue and $ 241,744,814 in costs, with a deficit of $ 1,744,814.