WFISD goes into new fiscal year with budget deficit, continues to look for savings
The Wichita Falls Independent School District will start off its new fiscal year approximately $4.3 million in the hole.
WFISD board of trustees adopted their 2022-2023 budget Monday.
The deficit is the result of the decreased student enrollment during the COVID-19 pandemic.
More: After making painful cuts, WFISD still faces a projected budget deficit next year
More: Rucker: WFISD School Board not informed of district's financial mess
The state bases its funding to each district on student enrollment. WFISD wound up owing the state $7.1 million after the district had about 800 fewer students in classrooms.
Monday was the first time trustees saw a firm figure on the amount owed back to the state.
The district anticipates total revenue of $114 million during this budget cycle with total expenditures of $119 million.
Prior to voting, trustees said they did not like adopting a deficit budget and would continue to look for ways to save money.
Gary Patterson, an independent financial consultant who has been assisting the district, praised the board of trustees for their hard work under difficult circumstances.
More: WFISD gets tough news about district's budget, campus-level cuts likely
This article originally appeared on Wichita Falls Times Record News: WFISD goes into new fiscal year with budget deficit
