System Budget FY 2017 Board of Education May 2, 2016

Total Appropriation – All Funds General Fund $ 83,518,612 Special Revenue Fund $ 12,887,030 Capital Projects Fund $ 23,283,275 School Nutrition Fund $ 6,066,202 Debt Service Fund $ 617,775 Total $126,372,894

Board Retreat Review – State Revenues FY2016 FY2017 Change Total QBE Earnings $ 56,712,433 $ 56,470,326 $ (242,107) Austerity Reduction $ (2,930,818) $ (1,029,229) $ 1,901,589 Local Five Mill Share $ (7,003,042) $ (7,088,772) $ (85,730) Equalization Grant $ 7,248,192 $ 6,816,665 $ (431,527) Nursing Funds* $ 195,970 $ 196,381 $ 411 Transportation* $ 1,012,909 $ 1,033,015 $ 20,106

Total Austerity Reduction since FY2003: $53,252,050 FY17: $1,029,229 Equals .78 mills

Projected millage – 18.742 Same as FY16 Ad Valorem Taxes 2015 Digest (2 pieces) Reassessment Growth New Growth $50,732,466 -28,638,315 Roll back or tax increase Primarily from motor vehicles Benefit: $0 Loss: -$532,739 Used historical prior year collection data to project FY17.

FTE Counts FY2012 (midterm) FY2013 (initial) 10,211 FY2013 (midterm)

General Fund – Revenue Summary FY2016 FY 2017 Difference State $ 55,470,962 $ 56,666,676 $ 1,195,714 Local $ 26,864,017 $ 26,449,116 $ (415,291) Federal $ 373,000 $ 402,820 $ 29,820 Total $ 82,708,369 $ 83,518,612 $ 810,243

General Fund Expenditures Items Included 175 day school year for students Full year work calendar for all staff Longevity Step for employees on the scale plus 1.5% cost-of-living raise across the board Employer contribution to defined contribution plan for PSERS eligible employees (custodians, nutrition, bus drivers) – 3% Health insurance rate flat $945/mo. for certified $746.20/mo. for classified, increases to 846.20/mo. in January 2017 TRS remains flat at 14.27%

General Fund Expenditures Items Included Positions changes Reduce 5 teachers from initial allotment (decline in FTE) based on maximum class size Hire: 9.5 special education teachers 5 regular education teachers 6 Read 180 teachers 4 Math 180 teachers 4 bus drivers 3 instructional paraprofessionals 2 behavior specialists 1 counselor 1 ESOL teacher

General Fund Expenditures Items Included 1 bus safety/training supervisor 1 part-time residency officer 1 part-time clerk Griffin Regional College and Career Academy CEO, Director of High School Programs, WBL coordinator, part-time counselor, 1 core academic teacher K-12 Virtual School and GAVS - $50,000 SAT/ACT preparatory courses - $50,000 Character Education initiative - $40,000 SACS visit - $20,000 Curriculum Audit

General Fund – Expenditures

General Fund Proposed FY17 Budget: Total Revenues $83,518,612 Total Expenditures $83,518,612 Difference $ 0 Fund Balance, Beginning $13,678,509 Fund Balance, Ending $13,678,509 Focus on sustainability – strong reserves

School Nutrition Services Highlights of proposed FY17 Budget Self-supporting for past fourteen years 1.5% raise and step increase for eligible employees Strong results for several years, healthy fund balance Project a decrease in revenues and expenditures – lower FTE, 5 fewer days FY17 projected use of fund balance - $165,085 Federal free and reduced meal reimbursement rates projected to increase – estimated 1% Students eligible for free and reduced cost meals – 76.21% No meal price increases proposed

Special Revenue Fund Budget appropriation level - $12,887,030 Adopt initial budgets until official allotments come in during FY17 Title I, Title II, Title III, IDEA, Mainstay, Project Aware, Hospital Authority grant, Pre-Kindergarten Pre-Kindergarten –175 day school year Teachers have 190 day schedule Transferring $150,000 from General Fund to cover actual cost of operations Pre-K salary changes – more guidance to come!

Special Purpose Local Option Sales Tax (SPLOST) SPLOST V collections are strong (106% of budget) Current twelve-month rolling average is 3.9% increase

Debt Service Fund Proposed FY17 Budget Interest only payment in October 2016 and April 2016 Interest payments total $609,100

Capital Projects Fund Initial appropriation - $23,283,275 SPLOST IV: Complete renovation projects Crescent Elementary Administrative buildings SPLOST V: Griffin Region College and Career Academy Bus purchases Design work for Moore, Beaverbrook, and A.Z. Kelsey

Summary Balanced budgets for all funds No change in millage rate projected – 18.742 mills same as prior year Full work schedule for all employees Instructional calendar – 175 student days Longevity step plus 1.5% cost-of-living raise GRCCA Hire additional positions from budget process No meal price increases

Timetable to Adoption Tuesday, June 7 Sunday, June 12 Tuesday, June 28 Place budget on first reading at regular BOE meeting Set additional workshops/hearings Sunday, June 12 Advertise budget in local newspaper Tuesday, June 28 Final adoption at regular BOE meeting