You are here: Home Finance Budget and Strategic Planning 2015-2016 Budget

Albuquerque Public Schools 2015-2016 Budget

Albuquerque Public Schools Fiscal Year 2016 Budget Quick Summary

See how the district budgeted its money during the 2015-2016 school year by referring to these documents:

On May 20, the Albuquerque Public Schools Board of Education approved the district’s $1.3 billion budget for the current school year, which included an anticipated a budget shortfall of $13.4 million in FY16. The shortfall was
addressed through various actions, including an adjustment to high school schedules. Despite solutions identified during the budget process to address the shortfall, the district used $6M in cash reserves to balance the budget for the 2015-16 school year.

2015-2016 Budget Documents

2015-2016 Budget Facts

The total 2015-2016 APS budget is $1.3 billion. That includes:

  • $687.6 million to fund day-to-day operations of the district with funds coming from sources including
    • $631.3 million from the State Equalization Guarantee
    • $14.8 million from other revenue sources
    • $6.7 million from Instructional Materials Fund
    • $18.8 million from Student Transportation Fund for District and Dependent Charter Schools
  • $342.3 million from Capital Funds (voter-approved property taxes for new construction, renovations, maintenance and technology)

  • $142.1 million from Special Revenue Funds (grants, athletics, food services)

  • $134.1 million from Debt Service Fund (for repayment of outstanding debt)

Document Actions