FY20 Budget Adopted by School Board

During its meeting on April 16, 2019, the School Board adopted the FY 2020 budget totaling $218,438,564, which includes:
  • School Operating Fund of $175,981,549 with 29 new full-time equivalent positions
  • Capital Projects Fund of $5,300,000
  • Debt Service Fund of $16,726,869
  • School Nutrition Services Fund of $7,378,557
  • School Textbook Fund of $3,126,049
  • NREP Operating Fund of $5,985,540 with two new full-time equivalent positions
  • NREP Textbook Fund of $40,000
  • Consolidated Services Fund of $3,600,000 with one new full-time equivalent position
  • Private Purposes Fund of $300,000
The School Construction Fund was approved as a carryforward in the amount that equals the approved original project cost, less expenditures and encumbrances through June 30, 2019.

The School Health Insurance Fund and Special Grants Fund were approved for amounts based on cash balances as of June 30, 2019, plus receipts during the fiscal year.

All outstanding encumbrances at June 30, 2019, are carried forward and are automatically approved for the 2020 fiscal year.

Frederick County School Board Finance Committee Meeting Documents (April 15, 2019)