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Board of Education approves FY 2021 OCS budget

The Oconee County Board of Education recently gave final approval to a fiscal year 2021 budget of $83,654,545 with a millage rate of 16.5. The FY21 budget provides resources for Oconee County Schools to accommodate a growing student population – one of the fastest-growing in Northeast Georgia.

 

“Oconee County Schools remains committed to fiscal responsibility and sound financial planning, both of which are reflected in this budget,” said Superintendent Jason L. Branch. “Our system is one of only three in Georgia to receive a 5-Star Financial Efficiency Rating for three years in a row. This is a clear reflection that the financial practices of our school system support both high student achievement and fiscal responsibility.”

 

Included in the budget are:

  • 10% cut to state funding ­ – $4,523,257
  • Step raises for all eligible staff - $825,000
  • Eighteen additional staff positions due to growth in the areas of special education, regular education, counseling, and maintenance – $1,560,000
  • Fund balance maintained at 23.42% for future growth and planning

The budget is 72% for direct instruction, 6% for instructional support, and 22% for support services.

 

In addition, the credit position for Oconee County Schools remains strong. The bond rating of Aa2 by Moody's Investors services will remain the same, which is higher than the median rating of Aa3 for U.S. school districts.

 

More information on the budget is available at www.oconeeschools.org/budget.