SLIDE 1
TENTATIVE BUDGET
Comparing FY 20 and FY 21 First Meeting
Saturday, June 20 at 7:00 a.m.
FY 21 TENTATIVE BUDGET
TENTATIVE BUDGET Comparing FY 20 and FY 21 First Meeting - - PowerPoint PPT Presentation
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
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SLIDE 3
GENERAL FUND REVENUE
FY 2020 to FY 2021
SLIDE 4
State
71.82%
Local 28.18%
FY 2021
SLIDE 5
Budgeted FY 2020 Tentative FY 2021 Local Sources $34,388,285 $32,725,158 QBE Funding $92,011,473 $83,408,107 Total Revenue $126,399,758 $116,133,265
General Fund Revenue
A decrease of 8.12%
LOCAL:
Zero percent growth in tax digest Reduced Tax collection rate by 2%
STATE:
QBE reduction of $8.6 million (11%) due to reinstatement of austerity reductions Reduced TRS contribution from 21.14% to 19.06% Removed budget for prior year tax collections
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QBE Reduction History (Austerity)
mid-term adjustment
$8,852,078 + $3,953,075 = $12,805,153
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EXPENDITURES
FY 2020 to FY 2021
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A decrease of 4.49%
Total Expenditures
FY 2020 FY 2021
Total Expenditures
$126,226,522 $120,563,752
STUDENTS - Reduction of TWO
instructional days Transfer of expenditures from General Fund to CARES Federal Fund Two rounds of department cuts
BUS DRIVERS / SCHOOL NUTRITION - Reduction of TWO days
ALL OTHER STAFF - Reduction of
FIVE days Employees advance step on existing scales TRS employer contribution reduced from 21.14% to 19.06%
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Positions Not Filled
HVAC Preventative Maintenance WCOLA Coordinator Paraprofessional Job Coach
Student Services Center Enrollment Intern
Counselor (50%) Graduation Coach (50%) Certified (ISS) Position Special Education Coordinator (42%) Gifted Coordinator (20%)
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2021 General Fund Budget by Function
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2021 General Fund Budget by Expenditure Type
Total Budget $120,563,752 Salaries & Benefits $106,432,301 Operating Expenses $14,131,451
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Special Revenue
CARES Stimulus Funding
Custodial Services Chromebooks Online Learning Platform
$2,740,882
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
- ther matching grants.
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Capital Projects
The Capital Projects Fund accounts for resources used in the acquisition or construction of facilities, improvement of existing facilities and the acquisition of other major property and equipment. Currently, funding for these projects comes from ESPLOST sales tax
- receipts. The projects
summarized in the budget are currently underway.
USES OF FUNDS: ESPLOST IV: WES Roof and Electrical ESPLOST V: NWM School Replacement ESPLOST V: VPM School Replacement ESPLOST V: NWHS Pond Closeout GEN FUND: NWHS HVAC, Roof & Electrical ESPLOST IV: WMS Replacement TOTAL EXPENDITURES: $3,076,124 $14,919,063 $3,750,285 $500,000 $954,498 $3,284,509 $26,484,478
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FY 21 TENTATIVE BUDGET
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THANK YOU
The next budget meeting is scheduled for Monday, June 29, at 6:00 p.m. at the Whitfield County Board of Education.