Lafourche school board adopts budget
The Lafourche Parish School Board unanimously voted to adopt its 2019-20 budget for the district on Wednesday night.
No one participated in the public hearing ahead of the vote on a budget that includes additional money from both the state and the district for employee raises.
Teachers and support staff will benefit from a funding increase to the state’s school funding formula -- the minimum foundation program -- and their first step increase from the district in three years.
Currently, Lafourche’s school employees are behind on their salary schedules by three steps after they were frozen due to a budget cuts in 2016.
Before adopting the budget, board members Marian Fertitta thanked the district’s business staff for their work on the budget, and Valerie Bourgeois encouraged more residents to continue to shop locally in light of the slight bump in sales tax revenue projected in the budget.
All 12 of the board members present voted in a favor of the budget. Board members Robby Gisclair, Mary Breaud and Dennis Guillot were absent.
This year’s budget also projects that the district’s revenue will exceed its expenditures for just the third time in a decade.
The school district is working toward building a healthy fund balance -- or pool of unassigned money that can be used for unexpected needs during the school year.
With its current budget, they expect to reach a fund balance of $8.79 million by the end of this fiscal year. This is a growth of 139 percent since 2018, though the district will need to nearly double that fund balance over the next few years to achieve an adequate fund balance, according to the school district’s business manager, Don Gaudet.
A copy of the 2019-20 budget is available on the school district’s website.
-- Daily Comet Staff Writer Halle Parker can be reached at firstname.lastname@example.org or 857-2204. Follow her on Twitter, @_thehalparker.
Posted on Fri, September 6, 2019
by By Halle Parker Daily Comet Staff Writer