The Gilbert Public Schools Governing Board unanimously approved a smaller maintenance and operations budget and a larger unrestricted capital budget for fiscal year 2023-24 at its June 20 meeting.
The maintenance and operations budget of $286.22 million is $15.74 million less than the current revised budget for fiscal year 2022-23, but that fact is deceiving. The difference is from the budget having $21.19 million less in budget balance carry forward from the current year.
The budget balance carry forward is the unexpended balance at the end of a prior fiscal year that has been rolled forward to the next fiscal year.
