Posted: Wednesday, June 6, 2012

2012-13 General Fund Budget Approved

The 2012-13 General Fund Budget was approved for second and final reading during Tuesday night’s Board meeting.  The vote was 6 to 4. 

Key Points

  • Budget reflects the continued cost saving efforts of District employees (i.e. no utility increases despite rate increases) and ensures educational and financial stability for another year while providing a solid base for the FY 14 budget.
  • Budget is balanced using 60% of generated savings ($13.6 million in unassigned fund balance) and the remaining FY 10 millage increase (6.1 mills) that will be unavailable after this year. The 6.1 mills is 51% of the 11.98 mills allowable for FY 13 by State law, and 19% less than the 7.5 mills included for first reading.
  • Budget begins to reduce dependence on non-recurring revenue (generated savings) for recurring expenses by $3 million, an 18% reduction compared to FY 12.
  • Projected State Base Student Cost is $2,012 (2000-01 funding level). Per the State Index of Taxpaying Ability, Greenville County Schools receives a Base Student Cost of $1,461.
  • Growth of 800 students requires 71 additional teaching positions and 14.5 support positions.
  • Budget maintains priorities funded in the FY 12 Budget: restoration of pupil-teacher ratios by 1.0, school supply, equipment and personnel budgets, and partially restored (50%) professional development budget.
  • Budget provides a salary step for all eligible employees and a 2% raise for all employees that partially address the increased cost of living experienced over the last three years and the FY 13 employee increases to retirement (July 1, 2012) and FICA (January 1, 2013).

Budgeted Expenditures for FY 12

$442,784,098

State Mandated Expenditures for FY 13 (16,746,000)

Goal 2: Ensure Quality Personnel in All Positions
  • 2% Increase to Teacher Salary Schedule and Salary Steps
  • 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) 
8,133,000
800,000
2,808,000
490,000
1,993,000
Goal 4: Effectively Manage and Further Develop Financial Resources
  • Increased Payments to Charter Schools
 2,522,000

Local Required Expenditures for FY 13 ($10,197,902)

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
  • Increase in Local Portion of Teacher Salary Schedule (provides full 2% increase)
  • 2% Increase to Support Salary Schedules and Salary Steps (All Non-Teachers )
555,000
4,484,000
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

 $469,613,000

Second and final reading is based on Senate version of the State Budget. Changes could be made by Conference Committee. If changes are made, District Budget will be updated at a later date.


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