Posted: Tuesday, May 15, 2012

School Board Presented 2012-13 General Fund Budget for First Reading

Key Points

  • First reading is based on House version of the State Budget. The Senate will next consider.
  • Budget includes partial cost of living increase of 2% for all personnel (State mandated for teachers), and a salary increase for teachers with a certificate upgrade.
  • Growth of 800 students requires 71 additional teaching positions and 14.5 support positions.
  • Projected State Base Student Cost is $2,012 (2000-01 funding level). The Base Student Cost for Greenville County Schools is $1,461 based on the State Index of Taxpaying Ability.
  • Budget is balanced using $16.975 million in generated savings (one-time funds) and a 7.5 mill property tax increase (businesses, rental homes, cars) of the 11.98 mills allowed by State law. The 7.5 mills are needed to fund underfunded State mandates and Local requirements due to growth and inflation.

Budgeted Expenditures for FY 12

$442,784,098

State Mandated Expenditures for FY 13 (15,639,000)

Goal 2: Ensure Quality Personnel in All Positions

  • Partial Cost of Living Increase of 2% for School Level Personnel
  • Teacher Certificate Upgrades
  • Employer Retirement Increase (Effective July 1, 2012)
  • Employer Health Insurance Increase (Effective Jan. 1, 2012)
  • Employer Health Insurance Increase (Effective Jan. 1, 2013)
7,580,000
800,000
2,808,000
490,000
1,439,000

Goal 4: Effectively Manage and Further Develop Financial Resources

  • Additional Payments to Charter Schools
2,522,000

Local Required Expenditures for FY 13 ($5,919,902)

Goal 1: Raise the Academic Challenge and Performance of Each Student
  • Personnel for Student Growth
  • Instructional Supplies for Student Growth
4,200,000
34,902
Goal 2: Ensure Quality Personnel in All Positions
  • Partial Cost of Living Increase of 2% for Non-School Level Personnel
761,000
Goal 3: Provide a School Environment Supportive of Learning
  • Monarch Elementary School Staffing
  • District Property/Liability Insurance Premium Increase
656,000
218,000
Goal 4: Effectively Manage and Further Develop Financial Resources
  • Fuel for District Vehicles
50,000
Reduction of Expenditures for FY 13 ($115,000)
  • Procurement Audit
  • Utilities
(15,000)
(100,000)

Total Proposed Expenditures for FY 13

$464,228,000

Budget Document Summary

Budget Funding Gap

The Board will consider approval of the General Fund Budget on Tuesday evening, June 5.


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