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AISD changes fiscal year

Thursday, July 2, 2015 by Courtney Griffin

The Austin Independent School District board of trustees decided to follow a suggestion from their chief financial officer at the last regular board meeting on June 22. Nicole Conley, CFO, stated in earlier meetings that changing the start of AISD’s fiscal year from Sept. 1 to July 1 would provide a seeming one-time bump in revenue for FY 2016. The bump would occur because the 2015-16 fiscal year will run on a 10-month calendar, but the 2015-16 budget scheduled for board adoption in August 2015 will still be based on 12 months. AISD’s new fiscal year schedule will begin July 1, 2016. Conley said that changing the district’s fiscal year from Sept. 1 to July 1 will better align the fiscal year with the academic year. Future budgets will be adopted in June and available for campuses when staff and students return to begin the new school year.

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