May 14, 2013 Dr. Phyllis A. Edwards, Superintendent City Schools of Decatur will be one of the top community school systems in the nation City Schools of Decatur Budget for Fiscal Year 2014 July 1, 2013 through June 30, 2014 General FundSpecial FundsNutrition FundCapital Funds ESTIMATED REVENUES Local Taxes24,716,408 3,324,000 Local Other2,658, ,119 State General16,546,288 State Other625,000 27,000 Federal1,482, ,000 Transfers from Other Funds274,176 General Fund Balance Obligated2,814,181 Capital Fund Balance Restricted 3,037,288 Total Revenues46,735,3752,381,2811,485,1196,361,288 ESTIMATED EXPENDITURES Instruction30,903,4672,037,440 Pupil Personnel1,440,08814,621 Improvement of Instruction1,284,111248,479 Educational Media896,729 Federal Grant Administration62,555 General Administration873,814 School Administration3,513,164 Business Services479,009 Maintenance and Operations4,265,158 Student Transportation1,128,01411,602 Central Support Services771,703 Other Support Services6,584 Nutrition834,139 1,485,119 Community Services71,803 Facilities 5,337,188 Transfers to Other Funds274,176 Debt Service 1,024,100 Total Expenditures46,735,3752,381,2811,485,1196,361,288 City Schools of Decatur Draft of Budget General Fund Revenue & Expenditure Comparisons Fiscal Year 2014 Budget MAJOR REVENUE SOURCES Tentative Budget Draft 1Draft 2Draft 3 FY 2012 ACTUALFY2013 BUDGET FY 2013 PROJECTED ACTUALFY2014 BUDGET Taxes24,246,78223,874,21224,413,38424,968,61624,716,408 Tuition2,604,2512,367,6382,533,3732,316,0182,334,498 Other Local Revenue511,853324,000 State13,521,84913,631,38514,706,73017,046,288 16,546,288 Federal7,733 TOTAL40,892,46840,197,23541,977,48744,654,92244,421,19443,921,194 MAJOR EXPENDITURE CATEGORIES Salaries23,814,58925,880,11325,103,71027,061,11327,266,113 27,138,108 Benefits7,928,73411,524,12311,178,39912,199,12312,789,123 12,639,813 Services4,610,4054,004,8723,884,7264,004,8723,604,385 3,766,059 Equipment, Materials & Supplies1,766,7851,923,5321,865,8261,923,5321,709,019 1,767,556 Utilities921,595915,800888,326915,800 1,019,663 Buses760,671760,000737,200760, ,000 Transfers to Other Funds538, ,176 TOTAL40,341,09845,008,44043,658,18746,864,44047,044,440 46,735,375 Revenues over Expense551,370(4,811,205)(1,680,700)(2,209,518)(2,623,246)(3,123,246)(2,814,181) Projected Beginning Fund Balance9,774,59710,325,967 5,514,762 8,645,267 Projected Ending Fund Balance10,325,9675,514,7628,645,2673,305,2442,891,5165,522,0215,831,086 Millage Fund Balance % of Expenditures25.597%12.253%19.802%7.053%6.146%11.738%12.477% Tax Revenues Millage rate remains unchanged at Estimated digest growth of 1.5% Collection rate of 98% State Revenues No restoration of, or reduction to, the Amended Formula Adjustment (Austerity Reduction) Increase to QBE revenues due to enrollment growth and Training and Experience (T & E) 99% collection rate 1.25% Salary Increase for all employees 20 New positions Certified Health Insurance increase from $10,950 to $11,340/year Classified Health Insurance increase from $5355 to $7155/yea r Teacher Retirement increase from 11.41% to 12.28% for employers No change to Board Health Insurance Supplement of $940 per employee annually 10% reduction to all non-salary and benefit accounts for a savings of $715,000 Added an additional $50,000 for Central Office Moving Expenses Included an increase of $50,000 for the IB Diploma Programme Represent grant funding received from state and federal sources Spent on a reimbursable basis Budget is determined based on current year allotments and/or preliminary estimates from the grantor City Schools of Decatur Special Revenue Funds Fiscal Year 2014 Budget PreK Title I Title VI-B Special Ed Preschool Title II JROTC Perkins Homeless Total Grant Revenues ESTIMATED REVENUES State Lottery625,000 Federal658,418491,22218,459180,03284,87421,37927,7211,482,105 Transfers In274,176 Total Revenues899, , ,222 18, ,032 84,874 21,379 27,721 2,381,281 ESTIMATED EXPENDITURES Instruction899,176604,548413,54418,45984,87416,8392,037,440 Pupil Personnel14, ,621 Improvement of Instruction1,00063,407180,0324,040248,479 Educational Media Federal Grant Administration46, ,555 General Administration School Administration Business Services Maintenance and Operations Student Transportation11,602 Central Support Services Other Support Services6,584 Nutrition Community Services Total Expenditures899, , ,222 18, ,032 84,874 21,379 27,721 2,381,281 Averaging approximately $277,000 per month in SPLOST receipts Debt Service Payments on ECLC and Fifth Avenue Elementary Includes interest payments due on Series 2012 General Obligation Sales Bonds and Series 2013B Bonds Budgeted expenditures based on projected completion of referendum approved projects ESTIMATED REVENUES SPLOST PROCEEDS $ 3,324, CAPITAL FUNDS RESTRICTED FUND BALANCE **4,930, $ 8,254, ESTIMATED EXPENDITURES 300 PURCHASED PROF/TECH SERVS $ 251, BLDG ACQ, CONST, IMPROV5,085, INTEREST PAYMENT1,024, $ 6,361, ESTIMATED ENDING FUND BALANCE JUNE 30, 2014 $ 1,893, **CAPITAL FUNDS RESTRICTED FUND BALANCE CALCULATION APRIL 30, 2013 ENDING FUND BALANCE $ 6,199, ANTICIPATED REVENUES THROUGH JUNE 30831, ANTICIPATED EXPENDITURES THROUGH JUNE 30(2,100,000.00) $ 4,930,979.00 OTHER LOCAL REVENUES 16, REVENUES FROM SALES 825, STATE REVENUES 27, FEDERAL REVENUES 616, $ 1,485,119.00 FTE 114 SUBSTITUTE FOR NON-CERT$30, SCHOOL NUTRITION PROG488, OTHER ADMIN PERSONNEL PROFESSIONAL SERVICES6, REPAIR & MAINT SERVICES15, TRAVEL6, COMMODITY HAULING5, OTHER PURCH SERVICES2, SUPPLIES71, COMPUTER SOFTWARE6, EXPENDABLE EQUIPMENT4, PURCHASED FOOD660, FOOD ACQUISITIONS-USDA99, EQUIPMENT90, DUES AND FEES OTHER EXPENDITURES $1,485,119.00