The Coweta County Board of Education voted to approve fiscal year 2011 operational budget of $165.7 million at a called meeting on Tuesday, June 22.
 
The 2010-11 budget maintains the current property tax rates of 18.59 mills - which the School Board has maintained for several years - despite an anticipated 2.5 percent decrease in the local tax digest in the upcoming fiscal year.

The 2010-11 school system budget approved Tuesday includes a General Fund Budget of $165,674,469. In addition to the $165.7 million General Fund Budget, there are three other school system budgets approved by the board as a part of its total 2010-11 budget. They include a $23,833,383 Special Revenue Fund (which accounts for state and federal funding sent to special federal programs such as Title I and federal lunch programs, as well as the school system’s self-supporting school food services), a $23,527,708 Capital Projects Fund (for construction and other capitol expenditures) and a $13,738,307 Debt Service fund.

Those budgets, combined with the Operations Budget, total $226,773,867 for fiscal year 2011. The budget covers the fiscal year beginning July 1, 2010.

The Board’s final approval on the budget follows tentative approval on June 8.

* note – the budget approved by the Coweta County Board of Education June 22 is summarized in the attached pdf.

2010 - 2011 Budget