Budget Numbers

by Coy Holcombe.  

Yesterday we looked at the numbers for which the 09-10 budget was based. Today, we are going to look at the funding generated by these numbers. We will also review the different types of state funding categories provided to our district. We will look at federal and special programs funding at a later time.

09-10 Summary of Finance 

Regular Block Grant $6,642,593
Regular Special Education Block Grant $835,576
Special Education Mainstream Allotment $286,284
Less Charge for ECI Project -$7,695
Career & Tech $555,181
Gifted & Talented $43,953
Less Charge for AP Testing -$298
Compensatory Education $1,042,648
Bilingual $5,229
High School Allotment $116,765
Transportation $139,400
Total of Tier I $9,659,636
Less Local Share $4,558,008
Tier I State Aid $5,101,628
   
Tier II State Aid $453,217
Staff Allotment $50,500
Transfer to SFSF -$248,624
Less Available School Fund -$369,292
   
Foundation School Fund $4,987,429
Available School Fund State Portion $154,614
Technology Allotment $41,643
Existing Debt Allotment $51,242
SFSF Foundation $248,624
SFSF Available $214,678
Total State Aid $5,698,230

Notes on different types of funds:

Regular Block Grant – This is the money based on our average daily attendance.

Special Education Regular Block Grant – Based on special education FTEs.

Special Education Mainstream – Based on special education students that receive all of their instruction in the regular classroom setting.

Career & Technology – Based on classes that are classified as career and technology classes (such as ag, home ec. business, etc.)

Gifted and Talented – Based on the number of students identified as gifted and talented.

Compensatory – Based on the number of students qualifying for free or reduced meals.

Bilingual – Based on the number of students receiving services through English as a second language.

High School Allotment – Based on the ADA of grades 9-12.

Local Share – This amount is subtracted from your Tier I aid. This is based on your certified taxable value from the previous year. That amount is multiplied by $.0086 to arrive at the local share.

Tier II Aid – Based on your tax effort

Staff Allotment – Based on the number of auxiliary staff members

Transfer to SFSF – Amount of state aid that has been replaced by federal aid. This is a new category of aid and is tied to federal stimulus money.

Available School Fund – Amount of aid that school districts get based on the performance of the Permanent School Fund

Technology Allotment – Based on a district’s weighted ADA

Existing Debt Allotment – Used to help a district pay for voter approved bonds. Main factor in this funding is ADA.

SFSF Available – New category. The state used federal funds to take the place of state available funds.

 

September 1

by Coy Holcombe.  

A big thank you to all the people that came out and made last night’s Bulldog Bash the best ever. A special thank you goes to the Booster Club for their work in preparing for the Bash and for all the people that helped get the gym ready.

September 1 is always a significant day in many school districts. It marks the end of one fiscal year and the beginning of another fiscal year. The 2008-2009 school year is officially over. Final amendments to the budget have been made and now our business office finishes the reconciliations for 08-09. We will be scheduling our audit soon for the 08-09 school year. From a financial viewpoint, the 08-09 was a year in which our enrollment did not meet our expectations. That meant that budget adjustments had to be made throughout the year to compensate for the loss of revenue. While that is never a fun process, it is sometimes a necessary process. There were some things that happened to offset the lower enrollment. We had increased revenue from our federal funds and our optional homestead exemption was funded by the state.

Now, we start the 09-10 fiscal year. That means everyone has a new budget. The 09-10 budget reflects the decrease in enrollment that we experienced last year. It also reflects the additional revenue generated by federal stimulus funds. As we did last year, we will look at these numbers at the end of each six weeks and compare our budget with what we are actually earning. If adjustments to the budget need to be made, we will do so. Below are the numbers that we used in generating our current projected budget:

ADA (Average Daily Attendance) – 1415

Special Education FTEs – 52.466

Career and Technology FTEs – 79.437

CPTD Property Value (furnished by the Comptroller’s Office) – $471,501,766

Estimated Tax Collections for M & O – $4,900,000

For our special education FTEs and our CATE FTEs, we used the actual amount generated by last year’s enrollment. Tomorrow will we look at the revenue that these numbers generate.