School Finance Case Study: Mock Budget

Hope Creek Elementary

Nafeesha Irby, Karyn Pleasant, Katie Row, Cindy Miller-Walker

Welcome to Hope Creek Elementary

Grade Levels: K-5th Student Population: 563Teacher Population: 28Teacher:Student Ratio: 1:23.5Parental Involvement: 85%Title I School2013-2014 Academic Focus: Literacy for All

Budget Overview

Instructional Supplies-State: $14,075.00Instructional Supplies-Local: $ 7,630.00Copier Services: $8,445.00School Office Supplies: $713.00Title I Funds: $180,000Field Trips: $5663.00Janitorial Supplies & Materials: $3,941.00

Instructional SuppliesTechnology Pilot: Barnes & Noble Nooks

Cost of Device: $80.00 each

Goal: Each teacher will be provided a class set of 25 Nooks to support differentiated reading in their classes

Cost of Nooks per classroom: $80.00 x 25= $2,000.00

Total cost of Nooks: $12,000.00

Balance Instructional Supplies-State: $2,075.00

Instructional Supplies Continued

● Each grade-level will be provided with a $1,000.00 yearly budget ($500/semester)o Papero Pencilso Notebookso Rulerso Etc

● Computer: $600.00/year ($300/semester)

● Art: $600/year ($300/semester)

● Music: $600/year ($300/semester)

● Media: $600/year ($300/semester)

Breakdown: $1,000.00 x 6= $6,000.00 + $600.00 + $1,800.00= $8,400.00

*$2,000.00 of the $2,075.00 from State funding went toward wish-list supplies

Instructional Supplies Summary

$12,000.00 + $8,400.00= $20,400.00 of $21,705.00

Nooks Supplies Total "Spent"Total Budget

Balances $1,230 from Instructional Supplies-State$75.00 from Instructional Supplies-Local

Total: $1,305.00

Title IThe Title I Funds received for Hope Creek

Elementary School will be allocated for the following:

2 Additional Teaching Positions 2 Additional Teaching Assistant Positions Additional Field Trip Funds Workshop/Professional Development E-books Ipads (5 for small group) Technological Support (including Applications) for Ipad EC Instructional Supplies Parent Involvement: Supplies/Materials Parent Involvement: Food

**All Title I Funds must be directly tied to and impact student achievement.

Title I Funds, ContinuedDescriptio

nCost Reasoning

2 Additional Teaching Positions

Salaries: $60,860.00

The SLT understands the importance of small class

sizes for both teachers and students. In order to best facilitate differentiated

instruction, building strong teacher-student relationships and communication among

teachers and parents we felt the addition of two teachers

was necessary.

Social Security: $4,655.80Retirement: $8,660.38Hospitalization: $10,384.00 Total cost for two teachers: $84,560.18.

Title I Funds, ContinuedDescriptio

nCost Reasoning

2 Additional Teaching Assistant Positions

Salaries: $45,900.00

The SLT understands the importance of support for the

faculty at Hope Creek Elementary School. In order

to best support our EC department and offer an

additional elective (computer) to support

student learning through online enrichment and

remediation programs, we felt the addition of two teacher assistants was

necessary.

Social Security: $3,511.36Retirement: $6,531.58Hospitalization: $10,384.00 Total cost for two teacher assistants: $66,326.94.

Title I Funds, ContinuedDescriptio

nBudgeted Reasoning

Additional Field Trip Funds

$5,000 The SLT understands the importance of experience in regards to student learning. We felt as if the current field trip funding was inadequate and have allocated $5,000 of the Title I funding to support school sponsored field trips.

Title I Funds, ContinuedDescriptio

nBudgeted Reasoning

Workshop/Professiona

l Development Funds

$12,000 The SLT understands the curriculum transition our

teachers are going through while moving to the common

core. All workshops paid through this funding will

need to meet required criteria and must be directly related to improving student

achievement.

Title I Funds, ContinuedDescriptio

nBudgeted Reasoning

E-books $3,000 The SLT is aware of the Technology Pilot being

implemented regarding the Nooks. To best support this

pilot, new library books, including Accelerated Reader

books, will be purchased electronically with a school-

wide license.

Title I Funds, ContinuedDescriptio

nBudgete

dReasoning

Ipads (5 for small group)

$3,000 The SLT has elected to support the small group instruction occurring in the EC and AIG departments by purchasing a small group set of Ipads. These will be used to differentiate and offer different perspectives and ensure

success for all students at Hope Creek Elementary.

Technological Support

(including Applications) for

Ipad

$1,000 The SLT understands the potential of the Ipad initiative for small group use in the EC and

AIG departments. In order to ensure success with this initiative we are choosing to allocate

$1,000 for maintenance, repair and application (software) purchases.

EC Instructional Supplies

$1,000 The SLT is aware of the unique services the EC department renders to the entire school

community at Hope Creek Elementary School. Because of these services the SLT has

budgeted $500 a semester ($1,000 total) from the Title I fund to support the department to

be used for any instruction supplies the department needs.

Title I Funds, ContinuedDescriptio

nBudgeted Reasoning

Parent Involvement:

Supplies/Materials

$600 The SLT believes in the importance of strong parent-teacher-student

relationships. To support and facilitate parent nights in each

grade level we are awarding $100 for each grade level to use for

supplies and materials.Parent

Involvement: Food

$1200 The SLT understands the importance of fellowship over

meals in our community. To bring in the parents and community

$200 per grade level is currently budgeted for parents nights.

Additional funds may be reallocated, if needed.

Title I Funds, Summary

*****Remaining/Unallocated Funds: $2312.88

Description Cost2 Additional Teaching Positions $84,560.18.

2 Additional Teaching Assistant Positions $66,326.94.Additional Field Trip Funds $5,000

Workshop/Professional Development $12,000E-books $3,000

Ipads (5 for small group) $3,000Technological Support (including

Applications) for Ipad$1,000

EC Instructional Supplies $1,000Parent Involvement: Supplies/Materials $600

Parent Involvement: Food $1200TOTAL "SPENT" $177,687.12

Janitorial Supplies & Materials

Beginning Budget: $3,941.00

Fall (September-January): $1,200.00

Spring (February- May): $1,200.00

Summer (June-August): $1,500.00

Balance: $41.00

*Additional funds provided by PTO to support special events (open-house, awards ceremony, teacher appreciation, etc.)

Field TripsImagination Station Museum/Science on Wheels--Wilson, NC-Hands-on learning of science conceptsRationale: School Improvement Goal 2- Improve

student instructional performance in science and improve 5th grade science EOG scores.

Beginning Budget= $5,663.00Each grade level - one museum visit=$3941.00Each grade level-Science on Wheels Assembly Program=$775.00Fourth and Fifth Grade levels -Science on Wheels Discovery

Classes=$730.00Science on Wheels Mileage =$147.00

Balance= $70.00

School Office SuppliesThe budget at Hope Creek Elementary School

allows for $713.00 for office supplies during the school year.

At the start of the school year, each teacher was asked to provide a "wishlist" of office supplies that could be used to service their classroom throughout the school year.

The secretary is responsible for compiling the list and ordering and maintaining the stock of the necessary supplies.

School Office SuppliesThe following office supplies are

purchased from this fund:o pens/pencilso manila file folderso hanging file folderso Post-It noteso tape (masking and scotch)o envelopeso paper clipso white outo yellow clasp envelopes

Copier ServicesOur school has a copy contract with

Toshiba Business Solutions of the Carolinas to rent 3 copiers under a 36 month contract.

Each copier will cost $129.00 per month and this cost includes all maintenance charges and operating supplies except paper, staples and staple wire.

*contract accessed via NC E-Procurement

Copy Allocation per Teacher

Each copier has a 20,000 copy output.

Two copiers will be assigned for teacher use● 28 teachers are each allocated 1000

copies per month (500 on each copier)

One copier will be for office and EC use.

Copier Costs

The total copier budget is $8445.00

The rental cost of 3 copiers is $4,644.00

Cost for 80 cartons of paper is $3759.20(each carton contains 10 reams of paper)