Muscle Shoals City Board of Education Proposed Budget FY 2014 Board Members: Willis Thompson, President Farrell Southern, Vice President Terri Snipes Clayton Wood Pam Doyle August 19, 2013 You Can Make a Difference

FY 2014 Budget  October 1 - September 30 fiscal year.  $28,525,651 Total Revenues.  $36,111,613 Total Expenditures.  The annual school budget is a financial representation for a school district’s educational programs.

Budget Highlights  The budget is based on average daily membership of students an decrease of students  Decrease in State Units of  A lost of 1.29 teaching units.  Library aides were not funded a lost of 1.25 teaching units or 3 aides.  An increase of.50 for Assistant Principal-McBride.  An increase of.50 for Counselor-Muscle Shoals Middle School.  A lost of.75% Career Tech unit.  Retirement increased from 10.08% to 11.71% on every dollar earned.  Health insurance stayed the same $8,568 per year per employee.  The state granted a 2% pay raise and the board gave a 3% on salary matrix.  Local Funds held by the 10 mills Foundation Program and Capital Improvements increased $78,283 or $1,809,672.

Personnel 72% 1 Special Education Teacher-McBride 3 Title I Aides-McBride, Howell Graves, McBride 1 Special Education Aide – Muscle Shoals Middle School

Where Does School Funding Come From? State revenue - Funding received from the Education Trust Fund and other state appropriations Local revenue - All local tax revenue, grants from local agencies, earnings on investments, and charges for services Federal revenue - Revenues originating from federal government agencies such as Individuals with Disabilities Education Act, No Child Left Behind, Child Nutrition Program Other revenue - Various revenues including local school (admissions, concessions, fund raisers, etc.), Medicaid, tuition, indirect cost, transfer in from local schools or child nutrition.

Where Does School Funding Go? Salaries and Benefits- Teachers, Principals, Assistant Principals, Aides, Custodians, Secretary, Bookkeepers, Bus Drivers, Central Office. Purchase Services- Utilities, Phone, Professional Services, Software Maintenance Agreements, Garage, Postage, Travel, Insurance. Material and Supplies- Instructional Supplies, Textbooks, Furniture, Custodial and Maintenance Supplies, Fuel, Food, General Supplies, Office Supplies, Testing and Non-Capitalized Equipment. Equipment- Capitalized Equipment over $5,000. Other- Debt, Dues and Fees Building And Land Improvements Less Than $50,000, Indirect Cost and Transfers In..

General Fund The Primary Operating Account

Comparison of State Revenue $921,397

Local Revenues $7,238,266 30¢ District Special Ad Volorem 13 Mills $2,205,557 Other Expenditures $461,928 7¢ District Ad Volorem 3 Mill $504,586 TVA $800,000 11¢ County Sales Tax $1,226,359 17¢ City Council Appropriation $1,260,000 17¢ County Wide Ad Volorem 4 Mill $779,836 11¢ 7¢ $1,809,672 Local 10 Mill Match

Local Revenues Pay For: Pay For: – Additional Teachers – 1 Additional Assistant Principal – State and Federal Mandates – Art, Band, Chorus, Advanced Courses, Gifted Program, Drivers Education, Electives, New Engineering Program – Textbooks, Custodian Supplies, Copiers, Computers – 10 Mill Match for State Funds and Capital Funds

Federal Funds Based upon Free and Reduced Children 28.64% ALL FUNDS ARE EARMARKED AND MUST BE SPENT AS ALLOCATED

State Capital Funds PAYS FOR: ACQUISITION/CONSTRUCTION OF NEW SCHOOLS PURCHASE OF LAND/BUILDINGS BUILDING IMPROVEMENT PURCHASE OF EQUIPMENT/FURNITURE NEW SCHOOL BUSES (FLEET RENEWAL) ALL FUNDS ARE EARMARKED AND MUST BE SPENT AS ALLOCATED

Total Revenues RevenuesGeneral Fund Special Revenue Capital Projects Fund Enterprise/ All Funds Earmarked/ Internal/Trust FundDiscretionary State Revenue$14,432,874 $730,024 $15,162,898100% Earmarked Federal Revenue$850$1,656,114 $1,656,964100% Earmarked Local Revenue$7,238,266$1,038,500$367,222 $8,643,988 * 33% Earmarked 67% Discretionary Local: School Sites $926,306 $872,385$1,798,691100% Earmarked Other Sources$83,428$76,400 $159, % Earmarked.2% Discretionary Indirect Cost/$387,952$702,330 $13,000$1,103,282 ** 89% Earmarked 11% Discretionary Total Revenue$22,143,370$4,399,650$1,097,246$885,385$28,525,651 80% Earmarked$22,791,513 20% Discretionary $5,734,138 $28,525,651

Total Expenditures ExpendituresGeneral FundSpecial Revenue Capital Projects Fund Enterprise/ All Funds Internal/Trust Fund Salaries-Certified$11,163,974$294,766 $11,458,740 Salaries-Support Staff$2,273,026$1,035,490 $3,308,516 Substitutes$200,200$34,000 $234,200 Employee Benefits$4,773,574$693,804 $5,467,378 Purchased Services, Utilities, Rentals $2,090,391$521,105 $285,207$2,896,703 Materials & Supplies$958,024$1,434,199 $495,480$2,887,703 Capital Outlay $123,000$8,025,628 $8,148,628 Other Expenditures$19,551$125,560 $52,100$197,211 Debt Expenditure $409,252 Indirect Cost $272,829 Transfer Out$664,630$73,673 $92,150$830,452 Total Expenditures $22,143,370$4,608,426$8,434,880$924,937$36,111,613

Budget Amendment in January 2014 Budget Amendment in June 2014