Proposed Financial Plan for Fiscal 2017-2018 BUDGETED FUNDS SUMMARY 2014-2015 2015-2016 2017-2018 % ACTUAL REVISED PROPOSED Inc/(Decr) BY FUND:   OPERATING FUND $ 132,397,991 $ 137,114,776 $ 141,216,605 2.99% GRANTS FUND 7,285,677 11,598,597 11,380,000 -1.88% FOOD SERVICES FUND 7,025,816 8,134,000 8,244,580 1.36% $ 146,709,484 $ 156,847,373 $ 160,841,185 2.55%

Revenue - All Funds

Expenditures by Major Classification

Expenditures by Object Code Personnel compensation and benefits make up 85.59% of the Operating Fund budget.

Changes in Revenue: State Revenue Supplemental Lottery increase $1,571,989 Fringe Benefits state portion of rate increase* 573,021 Other programs Net of increases/decreases 60,698 Bonus 1.5% State share (net of raise revenue 616,665) 30,305 Regional Special Ed tuition (SECEP) decrease (203,597) Remedial Summer School decrease* ( 96,587) Total increase state revenue 1,935,829 Additional Local Appropriation Request 2,000,000 Federal and Other Revenue 166,000 Total Increase in Revenue $4,101,829 * Expenses must also increase/decrease to mandated levels changed by State * Note: State Revenue is based on ADM of 13,800 students

History of State Funds

Local Revenue: Blue = Funded amount Yellow =Requested amount Red = Funded amount Blue = Requested amount Blue = Funded amount Yellow =Requested amount

Strategic Planning and Budget Comprehensive Six-Year Plan School Board Goals: Improve student achievement and close the academic achievement gaps Provide a safe and nurturing environment Provide strong leadership for effective and efficient operations Advance academic achievement through enhanced instructional skills, gained by professional development Strengthen collaboration with stakeholders; increase parent & community satisfaction

2017-2018 Proposed Budget Provide 1% Cost of Living Raise for staff $1,254,033 Governor Proposed Bonus 1.5% payable in December 2017: $535,016 Employer Contribution to Retirement: $830,897 The Pruden Center: $737,087 Increased cost of health benefits: $602,015 Increased cost of WC benefits: $142,781 Total increase $4,101,829 Note: All raises include 1% final year of VRS “phase-in” as required by law