OXFORD — Schools in the county's fastest-growing city will receive state money for slightly fewer students next fiscal year.
But the Oxford Board of Education still plans for a surplus and expects to build its reserve account to state-mandated levels.
The board met Monday morning for the first of two public budget hearings.
The Alabama Department of Education allots money for every school system based on rigid formulas and the previous year's enrollment.
When Oxford bought DeArmanville Elementary School from the Calhoun County system in February 2005, it allowed some students who lived outside the new zone to stay in the school.
Superintendent Jeff Goodwin said the transition of the school from a K-6 to a K-4 school was complete last school year, so Oxford lost a few students to White Plains in the county system.
"If they decided to stay, we kept them as long as we could," he said.
For the fiscal year beginning Oct. 1, Oxford will receive money for 3,926 students, down from 4,014.
Projections show enrollment to increase to about 3,969 this year.
Oxford plans for about $22.2 million from the state. Despite the enrollment dip, that's an increase from last year because the Legislature provided a 7-percent raise for teachers.