McDuffie County Board of Education M & O Millage Calculations for FY 2018 Budget 98% Collection Rate Tax Digest 569,906,496 2.5% Tax Commissioner* 14,247,662 97.5% of Digest 555,658,834 544,545,657 1 Mill Equals 544,546 Millage Levy FY 2018 19.69 Total Derived from Levy 10,722,104 Projected House Bill 857 Cost 245,126 Adjusted Total Derived from Levy 10,476,978 * Equals approximately $ 280,536

McDuffie County Board of Education FY 18 Budget FY 2018 QBE Summary Unofficial System FTE QBE Health Local Austerity Equalization Nursing Transportation Total Number Name Earnings Insurance Fair Share   (Certified) 697 McDuffie 4,003 $20,563,778 $2,664,900 -$3,081,681 -$400,460 $2,230,170 $82,481 $585,610 $22,644,798 FY18 FY17 DIFFERENCE QBE EARNINGS $20,815,088 $20,780,419 $34,669 AUSTERITY -$416,544 $16,084 EQUALIZATION $2,032,619 $197,551 TOTAL $22,396,494 $248,304

General Fund Budgeted Revenues By Source Budget Comparison FY 2018 Projected Revenue VS. FY 2017 Amended Revenue FY 17 FY 18 Amended Proposed Amount Description (as of March 31) Difference Explanations   State QBE, Categorical & Equalization $ 22,644,798 $ 22,385,379 $ 259,419 Decrease in FTE and austerity Increase in equalization, local fair share, 2% salary increase & TRS matching increase Ad Valorem Taxes $ 10,526,978 $ 10,454,195 $ 72,783 Expected changes in tax digest and increase in delinquent taxes budgeted in FY 18 Rent $ 40,000 $ 30,000 $ 10,000 Increase in facility rentals Title Ad Valorem Tax $ 575,000 $ 300,000 $ 275,000 Increase based on previous three year history Intangible Tax and Real Estate Transfer Tax $ 65,000 $ 50,000 $ 15,000 Other Local Revenue $ 150,000 $ 130,000 $ 20,000 Increase in Medicaid reimbursement Railroad Tax $ 14,000 Not budgeted for FY17 Other Grants - State of Georgia $ 211,833 $ 211,833 $ - Donations Other Grants-GDOE $ 180,338 $ (180,338) Connections for Classroom & Rural AP STEM grants for FY17 only Transfers from Other Funds $ 51,500 $ (51,500) School Nutrition Loan Repaid in FY17 Total General Fund Revenues $ 34,227,609 $ 33,793,245 $ 434,364

General Fund Budgeted Expenditures By Function FY 2017 Vs. FY 2018 Budget Comparison FY 17 FY 18 Amended Proposed Amount Function   Description (as of March 31) Difference Explanation 1000 Instruction $ 21,628,850 $ 21,648,923 $ (20,073) See notes below ** @ 2100 Pupil Services $ 1,273,549 $ 1,187,725 $ 85,824 2210 Improvement of Instructional Services $ 891,239 $ 888,920 $ 2,319 2220 Educational Media Services $ 752,816 $ 710,314 $ 42,502 2300 General Administration $ 613,277 $ 629,590 $ (16,313) See notes below ** @ / Fiber lease reclassified Function 2210 2400 School Administration $ 2,458,126 $ 2,372,546 $ 85,580 2500 Business Administration $ 534,907 $ 501,355 $ 33,552 2600 Maintenance and Operation of Plant Services $ 3,508,825 $ 3,372,249 $ 136,576 2700 Student Transportation $ 2,191,666 $ 2,084,198 $ 107,468 2800 Central Support Services $ 276,352 $ 258,440 $ 17,912 2900 Other Support Services $ 56,096 $ 63,313 $ (7,217) Decrease due to FY 17 SACS Review Expenditures Total $ 34,185,703 $ 33,717,573 $ 468,130 Notes: ** All department allotments reduced by ten percent. @ Increase in health insurance & TRS, two percent salary increase, restore 2 furlough days FY 2018 Salaries and benefits equals equals 89.59% of the total budget Teacher, counselor and paraprofessional salaries/benefits equals 68.63% of the total salaries budgeted Instruction equals 63.27% of the total budget M&O equals 10.26% of the total budget Student Transportation equals 6.41% of the total budget This leaves only 20.06% of the total budget for all other departments Health insurance matching increased from $846 to $946 per person per month for non-certified employees for six months.

McDuffie County Board of Education July 1, 2017 Through June 30, 2018 General School Federal / Special Capital Construction Debt Fund Nutrition Revenue Projects Service Anticipated Revenues:   Funds Local Sources $11,370,978 $245,166 3,000,100 State Sources 22,856,631 61,000 524,106 Federal Sources 2,178,094 2,840,992 Transfer From Splost 2,412,600 $34,227,609 $2,484,260 $3,365,098 $3,000,100 $0 $2,412,600 Anticipated Expenditures: Instruction 21,628,850 3,030,671 231,000 Pupil Services 1,273,549 40,480 Improvement of Instructional Services 891,239 188,383 297,000 Educational Media Services 752,816 General Administration 613,277 105,364 School Administration 2,458,126 Business Adminstration 534,907 Maintenance and Operation of 3,508,825 Plant Services 150,000 Student Transportation 2,191,666 Central Support Services 276,352 200 Other Support Services 56,096 School Food Service 2,411,874 Transfers to Other Funds Debt Service Principal and interest $34,185,703 $2,411,874 3,090,600 Excess Revenue/Expenditures $41,906 $72,386 ($90,500)

McDuffie County Board of Education Tentative Budget McDuffie County Board of Education July 1, 2017 Through June 30, 2018 General School Federal / Special Capital Debt Fund Nutrition Revenue Projects Service Anticipated Revenues:   Funds Local Sources $11,370,978 $245,166 3,000,100 State Sources 22,856,631 61,000 524,106 Federal Sources 2,178,094 2,840,992 Transfer From Splost 2,412,600 Fund Balance July 1, 2017 6,033,083 244,539 165,577 $40,260,692 $2,728,799 $3,365,098 $3,165,677 $2,412,600 Anticipated Expenditures: Instruction $21,628,850 $3,030,671 231,000 Pupil Services 1,273,549 40,480 Improvement of Instructional Services 891,239 188,383 297,000 Educational Media Services 752,816 General Administration 613,277 105,364 School Administration 2,458,126 Business Administration 534,907 Maintenance and Operation of Plant Services 3,508,825 150,000 Student Transportation 2,191,666 Central Support Services 276,352 200 Other Support Services 56,096 School Food Service 2,411,874 Transfers to Other Funds Debt Service Principal and Interest Fund Balance June 30, 2018 6,074,989 316,925 75,077 The McDuffie County Board of Education will adopt the FY18 Budget at its regular meeting on Thursday, June 22nd, 2017 at 6:00 p.m. at the Board of Education office.