The meeting was the first of two scheduled hearings required by Alabama law.
According to Superintendent Dr. Suzanne Lacey, the total budget for all funds projected for fiscal year 2014 equals more than $75 million.
Figures provided by the board indicate close to a $1.15 million rise in state funding compared to fiscal year 2013 when the board received approximately $38.9 million.
Local and federal funding numbers also show a smaller increase in projected funds with local figures at slightly above a $385,000 rise and federal figures falling just short of a $126,000 rise.
For fiscal year 2013, local and federal funds totaled more than $20.2 million and $10.4 million respectively.
More than 53 percent of the 2014 budget comes from the state level with local funds trailing a close second with more than 27 percent. The remaining percentage of less than 20 percent represents a near-even split in federal and other funds.
Part of the funding also includes nearly $7 million in funds unlocked by the board providing a local match of approximately $703,839.
Lacey stated these funds would be used for capital improvement projects, including replacing carpet and tile, repairing and replacing roofs, purchasing new and upgrading existing technology, painting and many others.
“There’s always (a capital improvement project) to be found and this year is no exception,” Lacey said. “Much work has been done over the summer and more work will be coming throughout the upcoming year with capital improvements.”
Total proposed expenditure figures for 2014 reflect more than 42 percent of funds allocated toward instruction, nearly 17 percent allocated toward instructional support and nearly 13.5 percent allocated toward auxiliary services — the three categories garnering the largest chunks of the budget.
More than 18 percents of the funds will be dispersed for operations and maintenance, debt service, general administration and capital outlay with the remaining 9 percent for other fund uses, transfers or other expenditures.
The increase in funds proves to be a welcome addition as the school system has 185 new students enrolled.
“This is a very good measure of growth for our schools,” Lacey said.