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

Posted: Tuesday, May 15, 2012

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

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