Florence County School District Three 1st Public Hearing General Fund Budget Fiscal Year 2018-2019 Laura Hickson, Ed.S. Superintendent Michelle B. Humphrey Director of Finance April 17, 2018

Ensuring Our Students are College and/or Career Ready MISSION Ensuring Our Students are College and/or Career Ready

2018/2019 BOARD GOALS To improve the academic success of all students. To ensure the safety of all district schools, offices, students, and staff. To increase the number of students reading on grade level in grades K-3. To recruit, retain, and train excellent instructional and administrative staff. To build effective school, community and business relationships/partnerships. To ensure financial stability. 3

History of Base Student Cost School Year Full Fund Proviso Actual Variance 2008-2009 $2,578 $2,191 ($387) 2009-2010 $2,687 $2,034 $1,756 ($278) 2010-2011 $2,720 $1,630 $1,615 ($15) 2011-2012 $2,790 $1,880 $0 2012-2013 $2,012 2013-2014 $2,770 $2,101 $2,098 ($3) 2014-2015 $2,742 $2,120 $2,109 ($11) 2015-2016 $2,801 $2,220 $2,190 ($30) 2016-2017 $2,933 $2,350 2017-2018 $2,425 $2,415. ($10) 2018-2019 $3,018 $2,485

135 AVERAGE DAILY MEMBERSHIP TREND DATE ADM TREND 3/22/2011 3,391.19 3/26/2012 3,477.44 +86.25 4/01/2013 3,570.04 +92.60 3/27/2014 3,558.52 -11.52 3/23/2015 3,601.45 +42.93 3/25/2016 3,560.55 -40.90 5/03/2017 3,522.93 -37.62 1/19/2018 3,372.27 -150.66 90 day 3/26/2018 3,362.90 -160.03 135 prelim 5

Base Student Cost : $2,425 House Ways and Means Committee. ($0/ pupil) BASIS OF BUDGET PROJECTIONS – GENERAL FUND FY 2019 PROJECTED BUDGET 1st Public Hearing CHANGES SINCE FIRST READING Base Student Cost : $2,425 House Ways and Means Committee. ($0/ pupil) Base Student Cost: $2485 Senate Version .($60/ pupil) Poverty Definition: House wanted maintain previous year definition. Poverty Definition: Senate defines as only students eligible for Medicaid, SNAP, TANF, homeless, transient, or in foster care; thus, a decrease in WPUs. Teacher Pay: House 2% increase; Senate 1% increase Health Insurance –PEBA projecting a 7.4% employer premium increase, House projection. Senate version a 8.1% employer premium increase. State Retirement – estimated increase for employer ( 1%) Current Employer Rate = 13.56% + 5.50% = 19.06% FY 18-19 Rate with increase= 14.56% - XX= 20.06%

LOCAL TAX MILLAGE FOR 17-18 201.65 VALUE OF 1 MILL $34,318.66 95% COLLECTION $32,602.73 MILLAGE FOR 18-19 205.95 PROJECTED LOCAL TAX REVENUE $6,714,373.93 INCREASE FROM 17-18 $121,253.77 Millage increase 4.30 mills

EFA PROJECTIONS STATE BASE STUDENT COST $2485 PERCENT OF STATE SUPPORT 85.05% BASE STUDENT COST $2,113.49 TOTAL WEIGHTED STUDENTS *4,949.76 PROJECTED 18-19 EFA $10,461,281.27 * 135 Day preliminary Data (3/26/2018)- using new poverty index

GENERAL FUND COMPARISON

GENERAL FUND IMPACTS

Timeline for 2018-2019 Budget Approval Thursday, March 15, 2018 1st Reading of 2018-2019 Proposed Budget Tuesday, April 17, 2018 1st Public Hearing @ 6:00 pm   Thursday , May 17, 2018 2nd Public Hearing @ 5:00 pm Thursday, May 17, 2018 2nd Reading of 2018-2019 Budget @ May Board Meeting  Thursday, June 21, 2018 FINAL Reading of 2018-2019 Budget @ June Board Meeting