Savannah Chatham Public School System Savannah Chatham Public - PowerPoint PPT Presentation

Savannah ‐ Chatham Public School System Savannah ‐ Chatham Public School System GENERAL FUND UPDATE June 10, 2015

FY 2016 Budget Process General Fund – Revenue Local Funding Highlights  Tax Digest Revenue (3.42% digest increase @ 15.881 mills) ‐ $8.1M  TAVT ‐ $1.17M  Tax Digest Revenue (1 mill increase to 16.881) ‐ $10.4M State Funding Highlights  QBE Formula Earnings & Accrual – $3.7M  Austerity Reduction ‐ $4.8M  Nurses ‐ $22K  Transportation – ($42K) 2

FY 2016 Budget Process General Fund – Expenditures Additions/Adjustments  Replenish Staffing Reserve ‐ $1M  Replenish Board Contingency ‐ $275K  Teacher Retirement Rate Increase from 13.15% to $14.27% ‐ $2.1M  Classified Health Insurance Rate Increase from $596PM to $746PM ‐ $2M $1M  Employee Steps With Benefits ‐ $2.8M 3

FY 2016 Budget Process General Fund – Expenditures Additions / Adjustments  School staffing change based QBE earnings  8 Gifted teachers ‐ $507K  6 CTAE teachers ‐ $380K  (4) Exceptional children teachers – $250K  5 Remedial teachers ‐ $310K  Net school staffing change based upon enrollment  37.0 teachers ‐ $2.3M  2 Kindergarten Paraprofessionals – $45K  1.0 Secretaries – $32K  1.5 Media Specialist ‐ $95K  0.5 Media clerk ‐ $12K 4

FY 2016 Budget Process General Fund – Expenditures Additions / Adjustments  Net school staffing change based upon enrollment  1.0 Counselor – $95K  .5 Counselor clerk ‐ $12K  1.0 Nurse ‐ $53K  .5 Assistant Principal ‐ $44K  Enrollment Based Student Per Pupil Allocation ‐ $92K  Start Up Costs Rice Creek ‐ $800K  Transportation Contract Adjustment ‐ $3.6  Godley Station Portables ‐ $150K  Contribution to Debt Service Fund ‐ $76K 5

FY 2016 Budget Process General Fund – Expenditures Additions / Adjustments  Contribution to Charter Schools ‐ $692K $1.4M  Contribution to Oglethorpe Charter – ($41K) $261K  Contribution to Coastal Empire Montessori ‐ $161K $271K  Contribution to Classical Academy ‐ $424K $607K  Contribution to Tybee Maritime ‐ $148K $256K Reductions  FY14 School Start Up Costs (New Hampstead) ‐ $400K 6

FY 2016 Budget Process General Fund – Expenditures Additions / Adjustments  Making Middle Schools Awesome ‐ $136K  Twilight ‐ $210K  Transportation Routing ‐ $442K  Mainframe Upgrade ‐ $2M  Cost of Living Pay Raise – 2% All Staff ‐ $4.6M  Lower Class Size (4 th & 5 th Grade) ‐ $1.8M  Alternative School Redesign (Building Bridges) ‐ $720K  Central Office Security Contract ‐ $110K  Parent University Contract ‐ $50K  5 th Grade Band – $285K 7

FY 2016 Budget Process General Fund FY16 Projected Revenue $356,476,039 FY16 Projected Expenditures $361,686,183 FY16 Use of Fund Balance $5,213,144 Fund Balance Analysis (% of FY2015 & FY2016 Expenditures) Fund Balance – 6/30/2014 11.27% Estimated Results From Operations ‐ 1.38% Projected Ending Fund Balance – 6/30/2015 9.89% Estimated Fund Balance Use FY 16 ‐ 2.19% Projected Ending Fund Balance of 6/30/2016 7.70% 8

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