Posted: Wednesday, June 4, 2014

Key Points

Budgeted Expenditures for FY 14 $485,523,000
Federal Mandated Expenditures for FY 15 - $268,000
Goal 2: Ensure Quality Personnel in All Positions
Affordable Care Act (Health Care Reform) .
268,000
State Mandated Expenditures for FY 15 - $17,928,000 (*Includes $3,190,000 of Local Required Expenditures for Reduced Class Size included in Students at Risk item.)
Goal 1: Raise the Academic Challenge and Performance of Each Student
High Achieving Students (Replaces State funds moved from EIA to EFA Base Student Cost)
3,251,000
Students at Risk of School Failure (Moved by State from EIA) 4,988,000
Goal 2: Ensure Quality Personnel in All Positions
Teacher Step/Salary Increases ($4,198,000 and Certificate Upgrades ($700,000)
4,898,000
State Health Employer Insurance Increase (6.8% Increase Jan. 1, 2014 and 3.9% Increase Jan. 1, 2015) 2,201,000
State Retirement Employer Rate Increase (Effective July 1, 2014) 2,054,000
Goal 4: Effectively Manage and Further Develop Financial Resources
Payments to Charter Schools (Reflects reduction due to LEAD charter moving to State).
536,000
Local Required Expenditures for FY 15 - $4,327,000
Goal 1: Raise the Academic Challenge and Performance of Each Student
Student Growth (Utilizes funding from FY 14 for unrealized growth) 
0
Musical Instrument Maintenance Plan 26,000
Goal 2: Ensure Quality Personnel in All Positions
Increase in Local Portion of the Teacher Salary Schedule 
1,300,000
2% Cost of Living Increase for Support Salary Schedules 2,215,000
Modification to Bus Driver Salary Schedule  494,000
Goal 3: Provide a School Environment Supportive of Learning
Dr. Phinnize J. Fisher Middle School Staffing
292,000
Reduction of Expenditures for FY 15 – ($1,177,000)
Goal 4: Effectively Manage and Further Develop Financial Resources
Transfer Professional Development Expenditures to Special Revenue Fund 
(427,000)
Transfer Portion of Fringe Benefit Expenditures to Food Service Fund (750,000)
Proposed Budgeted Expenditures for FY 15 $506,869,000

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