Savannah Chatham Public School System Savannah Chatham Public - - PowerPoint PPT Presentation

June 10, 2015

GENERAL FUND UPDATE

Savannah‐Chatham Public School System Savannah‐Chatham Public School System

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 Tax Digest Revenue (3.42% digest increase @ 15.881 mills) ‐ $8.1M  TAVT ‐ $1.17M

State Funding Highlights

 QBE Formula Earnings & Accrual – $3.7M  Austerity Reduction ‐ $4.8M  Nurses ‐ $22K  Transportation – ($42K)

Local Funding Highlights

 Tax Digest Revenue (1 mill increase to 16.881) ‐ $10.4M

FY 2016 Budget Process General Fund – Revenue

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FY 2016 Budget Process General Fund – Expenditures

 Replenish Staffing Reserve ‐ $1M  Replenish Board Contingency ‐ $275K  Teacher Retirement Rate Increase from 13.15% to $14.27% ‐ $2.1M  Employee Steps With Benefits ‐ $2.8M

Additions/Adjustments

 Classified Health Insurance Rate Increase from $596PM to $746PM ‐ $2M $1M

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FY 2016 Budget Process General Fund – Expenditures

 School staffing change based QBE earnings  8 Gifted teachers ‐ $507K  6 CTAE teachers ‐ $380K  (4) Exceptional children teachers – $250K  5 Remedial teachers ‐ $310K

Additions / Adjustments

 Net school staffing change based upon enrollment  37.0 teachers ‐ $2.3M  2 Kindergarten Paraprofessionals – $45K  1.0 Secretaries – $32K  1.5 Media Specialist ‐ $95K  0.5 Media clerk ‐ $12K

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FY 2016 Budget Process General Fund – Expenditures

Additions / Adjustments

 Net school staffing change based upon enrollment  1.0 Counselor – $95K  .5 Counselor clerk ‐ $12K  1.0 Nurse ‐ $53K  .5 Assistant Principal ‐ $44K  Enrollment Based Student Per Pupil Allocation ‐ $92K  Start Up Costs Rice Creek ‐ $800K  Transportation Contract Adjustment ‐ $3.6  Godley Station Portables ‐ $150K  Contribution to Debt Service Fund ‐ $76K

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FY 2016 Budget Process General Fund – Expenditures

Additions / Adjustments

 Contribution to Charter Schools ‐ $692K $1.4M  Contribution to Oglethorpe Charter – ($41K) $261K  Contribution to Coastal Empire Montessori ‐ $161K $271K  Contribution to Classical Academy ‐ $424K $607K  Contribution to Tybee Maritime ‐ $148K $256K  FY14 School Start Up Costs (New Hampstead) ‐ $400K

Reductions

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FY 2016 Budget Process General Fund – Expenditures

Additions / Adjustments

 Making Middle Schools Awesome ‐ $136K  Twilight ‐ $210K  Transportation Routing ‐ $442K  Mainframe Upgrade ‐ $2M  Cost of Living Pay Raise – 2% All Staff ‐ $4.6M  Lower Class Size (4th & 5th Grade) ‐ $1.8M  Alternative School Redesign (Building Bridges) ‐ $720K  Central Office Security Contract ‐ $110K  Parent University Contract ‐ $50K  5th Grade Band – $285K

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FY 2016 Budget Process General Fund

FY16 Projected Revenue $356,476,039 FY16 Projected Expenditures $361,686,183 FY16 Use of Fund Balance $5,213,144 Fund Balance – 6/30/2014 11.27% Estimated Results From Operations ‐1.38% Projected Ending Fund Balance – 6/30/2015 9.89% Estimated Fund Balance Use FY 16 ‐2.19% Projected Ending Fund Balance of 6/30/2016 7.70% Fund Balance Analysis (% of FY2015 & FY2016 Expenditures)

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