1. FY 2010 Budget Jeff Wooten, Ed.D. Superintendent 3200 Wilson Dam Highway, Muscle Shoals, Alabama

2. FY 2010 Budget  October 1 - September 30 fiscal year.  General Fund is a balanced budget.  Maintaining instructional programs is our focus.  $27,917,663 annual budget.  The annual school budget is a financial representation for a school district’s educational programs.

3. Budget Highlights  The budget is based on an average daily membership of 2,750 students.  Increase in state earned units 4.91.  Other current expense revenues decreased from $2,989,368 to $2,246,335 - a loss of $743,033. State Fiscal Stabilizations Funds helped with the offset of other current expense revenues $675,272. The net decrease in other current expense revenues is $67,761.  Classroom instructional support is zero - a loss of $175,022 in revenue.  Textbooks funded $17.17 per student - a loss of $108,119.  Salaries -1% per Act 97-238, Technology Coordinator, Transportation, Current Units, and At Risk were decreased with a net loss of $177,186.  Retirement increased from 12.07% to 12.51% per dollar earned.  Local Funds held by the 10 mills Foundation Program $94,650.  Total loss of State Funds $625,529.  The system can flex 20% of State Funds.  6% to 10% proration is being projected in October 2010. 1% is approximately $138,333.

4. MUSCLE SHOALS CITY SCHOOLS FIRST 20 DAY ENROLLMENT TREND

5. Personnel

6. A Guide to State Allocations Calculations 2009-2010 Systems ADM (Average Daily Membership) represents the total, average daily enrollment for the system during the first twenty days after labor day. This information is collected from the district students database by school. The numbers of teacher units is determined by dividing the ADM in each grade at each school by the grade divisor. The grade divisors are determined each year by the legislature. – K-3 = 13.8 – 4-6 = 21.4 – 7-8 = 20.0 – 9-12 = 18.20 Principals, Assistant Principals, Counselors, Librarians are considered instructional support units. The instructions support units are determined by using each school ADM and follows the recommendations of the Southern Associations of Colleges and Schools year 2000. The cost of the Foundation Program is computed using four areas: – Salaries This number represents the amount of money it will take to fund the salaries of the state earned units. Once the number is determined these units are converted to dollars using the state salary matrix. The state salary matrix gives consideration to experience and level of degree. The state salary matrix is determined each year by the legislature. – Fringe Benefits This number represents the amount of money it will take to fund the benefits related to the salaries. The legislature approves the retirement rate, insurance rate in the EFT appropriation act. Fringe benefits are computed for FICA, Medicare, retirement, health insurance, unemployment and sick and personal leave (state gives us 7 days a year for both personal and sick). – Other Current Expenses Other current expenses is calculated as a fixed amount (determined by the legislature) and multiplied times the number of Foundation Program Units earned. – Classroom Instructional Support This year we earned for textbooks only. Rate are determined by the legislature on an annual basis.

8. MUSCLE SHOALS CITY SCHOOLS CHANGE IN BENEFIT RATES

9. State Department of Education FY 2010 Foundation Program

10. State Department of Education FY 2010 Foundation Program

11. PROPOSED BUDGET COMPARISON GENERAL FUND 11% Proration State and Local Funds 1% proration is approximately $138,333. Some state funds are not subject to proration.

12. FY 2010 Budget General Fund Revenues $20,997,869 68¢ State $14,171,441 31¢ Local $6,475,800 1¢ Other $237,896 0¢ Federal $500

13. General Fund Expenditures $20,997,869 63¢ Instructional Services $13,157,543 Other Expenditures $834,934 4¢ 10¢ Operations & Maintenance $2,125,024 Auxiliary Services $125,773 1¢ Instructional Support Services $3,718,057 18¢ General Administrative Services $1,036,538 5¢

14. Local Revenue Sources $6,581,255

15. GROWTH LOCAL TAXES FY 2010

16. PROPOSED BUDGET COMPARISON TOTAL FUNDS

17. TOTAL REVENUES $27,917,663 32 ¢ 54¢ STATE 3¢ LOCAL FEDERAL OTHER 11 ¢

18. TOTAL EXPENDITURES $27,744,538 55 ¢ 5¢5¢ 10 ¢ 4¢4¢ 8¢3¢3¢ INSTRUCTIONAL SERVICES OPERATION & MAINTENANCE GENERAL ADMINISTRATIVE SERVICES AUXILIARY SERVICES CAPITAL OUTLAY INSTRUCTIONAL SUPPORT SERVICES DEBT/OTHER EXPENDITURES 15¢

19. 1991-2000 1958-1960 Muscle Shoals City formed the School System 300 Students 2010 – 2005-2007 1971-1990 1999 Muscle Shoals High School Highland Park 1960 Webster 1959 McBride 1960 First Muscle Shoals High School-1968 Muscle Shoals Middle School 1999 1961-1970 Howell Graves Preschool -1990 Muscle Shoals Center for Technology - 1977 A new Center for Technology Blue Ribbon School Muscle Shoals High School Howell Graves Preschool Auto Collision Technology Program has been selected as one of the top 20 finalists in the Tomorrow's Technician/Chic ago Pneumatic School of the Year! ARI Highland Park Howell Graves McBride Webster AMST Highland Park Webster Muscle Shoals Middle MMGW Muscle Shoals Middle

20. Hope is important because it can make the present moment less difficult to bear. If we believe that tomorrow will be better, we can bear a hardship today.” “When you do nothing, you feel overwhelmed and powerless. But when you get involved, you feel the sense of hope and accomplishment that comes from knowing you are working to make things better.”