TENTATIVE BUDGET Comparing FY 20 and FY 21 First Meeting - PowerPoint PPT Presentation

TENTATIVE BUDGET Comparing FY 20 and FY 21 First Meeting Saturday, June 20 at 7:00 a.m.

FY 21 TENTATIVE BUDGET

FY 2020 to FY 2021 GENERAL FUND REVENUE

State Local 71.82% 28.18% FY 2021

General Fund Revenue Budgeted Tentative LOCAL: FY 2020 FY 2021 Zero percent growth in tax digest Reduced Tax collection rate by 2% Local Sources $34,388,285 $32,725,158 Removed budget for prior year tax collections QBE Funding $92,011,473 $83,408,107 STATE: Total Revenue $126,399,758 $116,133,265 QBE reduction of $8.6 million (11%) due to reinstatement of austerity reductions Reduced TRS contribution from A decrease of 8.12% 21.14% to 19.06%

QBE Reduction History (Austerity) $8,852,078 + $3,953,075 = $12,805,153 mid-term adjustment

FY 2020 to FY 2021 EXPENDITURES

Total Expenditures STUDENTS - Reduction of TWO instructional days BUS DRIVERS / SCHOOL NUTRITION - Reduction of TWO days FY 2020 FY 2021 ALL OTHER STAFF - Reduction of FIVE days $126,226,522 $120,563,752 Total Expenditures Employees advance step on existing scales TRS employer contribution reduced A decrease of 4.49% from 21.14% to 19.06% Transfer of expenditures from General Fund to CARES Federal Fund Two rounds of department cuts

Positions Not Filled Student Services Center HVAC Preventative Certified (ISS) Enrollment Intern Maintenance Position WCOLA Special Education Counselor (50%) Coordinator Coordinator (42%) Paraprofessional Gifted Coordinator Graduation Coach Job Coach (50%) (20%)

2021 General Fund Budget by Function

2021 General Fund Budget by Expenditure Type Total Budget $120,563,752 Salaries & Benefits $106,432,301 Operating Expenses $14,131,451

Special Revenue Special Revenue Funds are legally restricted for specific purposes by the Federal and/or State funding source. The amounts in this budget are based on estimates from the FY 2020 allocations. State / other special revenue funds reflect $648,473 in transfers in from the General Fund to maintain adequate funding of the Workers’ Compensation fund, Pre-K fund, and to supplement funding of Vocational and other matching grants. Custodial Services CARES Stimulus Funding Chromebooks $2,740,882 Online Learning Platform

Capital Projects The Capital Projects Fund USES OF FUNDS: accounts for resources used in the acquisition or ESPLOST IV: WES Roof and Electrical $3,076,124 construction of facilities, improvement of existing ESPLOST V: NWM School Replacement $14,919,063 facilities and the acquisition of other major ESPLOST V: VPM School Replacement $3,750,285 property and equipment. ESPLOST V: NWHS Pond Closeout $500,000 Currently, funding for these projects comes GEN FUND: NWHS HVAC, Roof & Electrical $954,498 from ESPLOST sales tax receipts. The projects ESPLOST IV: WMS Replacement $3,284,509 summarized in the budget are currently underway. TOTAL EXPENDITURES: $26,484,478

FY 21 TENTATIVE BUDGET

THANK YOU The next budget meeting is scheduled for Monday, June 29, at 6:00 p.m. at the Whitfield County Board of Education.