April 1, 2011

Revenue REVENUE F/Y/E June 30, Students Federal IDEA Funding $56, Federal Money Paid for ESE, not including gifted Florida Finance Program (FTE) $2,883, Per student FTE Instructional Materials $68, Textbooks Funds Discretionary Lottery Funds $8, Reading Instruction $28, Money received for following the County’s Reading Plan Misc State Revenue $168, Capital Outlay Funds $369, Money to fund Charter School Facilities via State Class Size Reduction $684, Money received for Maintaining 22 Students per Classroom District School Taxes $1,179, $671, from Referendum District Local Capital Imp $301, Money that is reimbursed by the County for Capital Expenses Interest Income - Operating $7, Interest on Savings Private Grants & Donations $6, Total Revenues $5,761,181.52

Capital Outlay Explanation Capital Outlay Funds $369, Money to fund Charter School Facilities via State Designated with italicized expenses District Local Capital Imp $301, Money that is reimbursed by the County for Capital Expenses Designated with bold expenses

Expenses - Salaries SSAS SALARIES All SSAS Salaries without Stipends $2,665, including 3 additional Staff - based on average pay amount Stipends $126, K - Retirement 9% $239, % of Base Pay Social Security 7.65% $203, Insurance $298, Medical, Vision & Dental and LTD/STD/Life Worker's Compensation $17, Total Expenditure $3,552,523.33

Salary Clarifications All SSAS Salaries without Stipends $2,665, Including 3 additional Staff - based on average pay amount This amount includes a 1.5 percent step increase for everyone. This is based upon $45, , which is our average teacher base salary.

Stipend Breakdown  Teaming bonus - $500 (per each team and subject)  Team leader - $2000  Department head & Liaisons - $2000  Clubs, Honor Roll, Study Hall - $750  Sports - $1500  Morning Care – $4500  Detention – $2000  Data - $1500  Grants – $1500  Website - $1500  Celebration - $1500  Grade level Field Trips - $750  Graduation - $750  PTSS Rep - $1500  Translation - $1000  First Responder - $1000

Expenses – Instructional Instructional Contract Svcs – Special* $10,000.00* Field Trips during instructional day - Mote, Selby, and GWIZ Contract Svcs - Basic $55, Substitute Teachers and Lunchroom Aides Travel - Basic Programs $2, Travel other than Conference, OM, JITS and moving expenses Materials & Supplies $54, Consumables Bonuses - not including 3%, Merit or A money $38, Thanksgiving, December and Spring Bonus amounts Uniform Vouchers $17, Uniform Vouchers given to Children on Free/Reduced Lunch Copier Paper $13, PE Materials $6, PE Materials and Sport Uniforms Materials - 1st Week of School $6, Teacher Startup $ , T- shirt, Lunches and Field Trip

Instructional Support Copier Usage Fees $6, Usage amount over 125, copies per month – this is an extra fee because of high numbers Break Room Supplies $5, Coffee, tea, cups, etc. Teacher Uniform Shirts $1, Uniform shirts purchased for Staff Textbooks $91, Textbooks, Read 180 R-books, Buckle Down, summer math Periodicals $4, Classroom Magazines A/V Materials $8, Bulbs for Projectors, Cassette players and Microphones Professional Services - ESE $45, Psych Evaluation, Occupational and Speech Therapy Total Expenses Instructional $363,500.00

Textbooks TEXTBOOK CLARIFICATION Textbook Revenue $68, Textbooks Funds Textbooks Expense $91, Textbooks, Read 180 R-books, Buckle Down, summer math Deficit - $22,927.50

Team Sports Only EXTRACURRICULAR SPORTS & RECREATION Contract Svcs - Sports/Rec $5, Referees for all of our sports, Contract Coaches Facility Rent - Sports/Rec $5, Rented facilities for our sports Total Sports/Recreation $10,000.00

Clinic Supplies CLINIC SERVICES Materials/Supplies - Health Services$2, Total Health Services$2,000.00

Technology Costs COMPUTER SERVICES – Non Capital Repairs & Maintenance - Media Svcs $78, Cost of Computer Tech Salary Materials & Supplies - Media Svcs $8, Ink and Consumables used by Computer Tech Computer Equip - Non Capitalized $4, Cords, Drives and other items used by Computer Tech Computer Software - Non Cap $2, Computer Software used by Computer Tech Total Media Services $92,500.00

Development & Advertising DEVELOPMENT/TRAINING Development Svc - Marketing $3, Advertisements & sponsorships Training - Professional Fees* $15,000.00* Education Reimbursement and Conference Registration Training - Travel Costs $7, Conference Travel Cost Total Development/Training $25,500.00

BOARD/SPONSOR EXPENSES These costs are non-negotiable – they are NOT paid to the board Professional Services - Board $1, Attorneys used by the Board of Directors Insurance & Bond - Board $1, Fiscal Services - Contracted Auditor $25, Dues & Fees - Board $1, % School Board Management Fee $98, Money charged by the Sarasota County School Board Total Board/Sponsor Expense $126,906.15

ADMINISTRATION EXPENSE Contracted - Support Personnel $10, Increased amount during building, Owner Representative Travel - Administration $2, Travel other than Conferences Communication/Postage - Admin $7, Contracted-Controller $30, Cavanaugh & Co. process Checks and Monthly Financials Total Administration Expense $50,000.00

TRANSPORTATION EXPENSE Contract Svcs – Transportation SSAS Busses $30, Money paid for SSAS Bus drivers Repairs – Transportation SSAS Busses $10, Repairs and Monthly Costs performed by the Transportation District Transportation Chgs $73, Cost of using the County Busses to and from school Fuel – Transportation SSAS Busses $15, Cost of fuel to run our busses and the school van Parts – Transportation SSAS Busses $12, Cost of Oil Changes, Parts and Tires for SSAS Buses Total Transportation Expense $140,709.96

FACILITIES EXPENSES Insurance - Facilities $130, General Liability & Facility Insurances, Non-Ad Valorem Taxes Repairs & Maintenance - Facilities $60, Contract Custodians, Outside Repair Persons Rental - Facilities $15, Rental of Auditoriums and Storage Space Telephone $14, Verizon Telephone and Cellphone Cost Utilities $27, Water, Recycling and DSL Electric $75, Electric Custodial Supplies $18, Improvements - Grounds $5, Plant Maintenance -Contracts $45, Pest control, security alarms, AC, plumbing, & Cully Total Facilities Expense $390,000.00

CAPITAL EXPENSE Leased Capital Outlay $85, Leased to Purchase Equipment, copier, computers, bus Interest on Debt Services $713, Mortgage Interest Repayment of Loan - Mortgage $120, Mortgage Principal Payment of Replacement Reserve $60, Mortgage - payment to replacement account Remodeling & Renovation $250, Capital Improvement to Campus Furniture & Equipment/Basic - Cap $67, Computer Hardware - Capital $25, Computer Software - Capital $20, Total Capital Expenditures $1,340,862.56

Potential Additional Revenue Resources  PTSS  Grants  “A” School Money  Celebration  Fundraising

To Sum Up Final Totals Total Revenue $5,761, Total Expenses $6,094, Deficit -$333,320.50

Now it’s your turn…  We must have a balanced budget.  In your table groups, please brainstorm ways to “cut” the deficit.  Prioritize your list with the items that you want cut first listed first.  Transcribe to your chart paper.