by Coy Holcombe.
Below are the estimated earned vs. budget numbers through the end of the 6th six weeks. While we did increase our enrollment and attendance during the 6th 6 weeks, it was not enough to offset the low enrollment of the 4th and 5th six weeks.
| Difference | |||
| Earned (Est.) | Budget | Earned v. Budget | |
| ADA | 1373.841 | 1415 | -41.159 |
| High School ADA | 407.58 | 424.6 | -17.02 |
| SE FTE | 46.2709 | 52.466 | -6.1951 |
| Mainstream ADA | 47.511 | 50.272 | -2.761 |
| CATE | 61.637 | 79.437 | -17.8 |
| GT Students | 67 | 81.67 | -14.67 |
| Comp | 1023.2 | 1007 | 16.2 |
| Bilingual | 9.91 | 10.1 | -0.19 |
| Reg Block | $6,556,267 | $6,642,593 | -$86,326 |
| SE | $998,523 | $1,114,165 | -$115,642 |
| CATE | $430,945 | $555,181 | -$124,236 |
| GT | $41,341 | $43,655 | -$2,314 |
| Comp | $1,059,831 | $1,042,648 | $17,183 |
| High School Allotment | $112,086 | $116,765 | -$4,679 |
| Bilingual | $5,134 | $5,229 | -$95 |
| Trans | $139,400 | $139,400 | $0 |
| Total Tier I | $9,343,527 | $9,659,636 | -$316,109 |
| Less Local | $4,589,175 | $4,558,008 | $31,167 |
| Tier I | $4,754,352 | $5,101,628 | -$347,276 |
| Tier II | $421,547 | $453,217 | -$31,670 |
| Staff Allotment | $50,500 | $50,500 | $0 |
| $5,226,399 | $5,605,345 | -$378,946 | |
| Less Available | $369,292 | $369,292 | $0 |
| Less Title XIV | $248,624 | $248,624 | $0 |
| Total Foundation School Fund | $4,608,483 | $4,987,429 | -$378,946 |
| Available School Fund | $154,614 | $154,614 | $0 |
| Tech | $40,432 | $42,456 | -$2,024 |
| EDA | $13,266 | $51,242 | -$37,976 |
| Title XIV | $463,302 | $463,302 | $0 |
| Total State Aid | $5,280,097 | $5,699,043 | -$418,946 |
Notes:
Through budget adjustments we were able to account for most of the 418,946 shortfall. It is anticipated that the remaining amount will be made up through additional saving measure between now and the end of August.
The bottom line is that we did not experience any growth in overall enrollment from the start of the school year. The 09-10 budget was built with an anticipation that there would be a slight increase in the overall enrollment in the district. For the 10-11 school year, the budget is being constructed with a zero growth factor. In other words, the numbers we end with are going to be the numbers that we use for budgeting.
One item of particular interest is the line labeled "Less Local". This line is a direct calculation based on our property values of the previous year. The greater the property values, the greater the local share. As our local share increases, the amount of Tier I aid decreases. You can see from the above that our Local Share and our Tier I aid from the state are almost equal. So any increase that we may see from local tax revenues because of increased property values is offset by a corresponding decrease in Tier I aid. It is not necessarily a one to one decrease, but it is close.
If you have any questions about the numbers presented here, please do not hesitate to contact me at cholcombe@eustaceisd.net.