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

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

3. 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

4. History of Base Student Cost
School Year
Full Fund
Proviso
Actual
Variance
$2,578
$2,191
($387)
$2,687
$2,034
$1,756
($278)
$2,720
$1,630
$1,615
($15)
$2,790
$1,880 $0
$2,012
$2,770
$2,101
$2,098
($3)
$2,742
$2,120
$2,109
($11)
$2,801
$2,220
$2,190
($30)
$2,933
$2,350
$2,425
$2,415.
($10)
$3,018
$2,485

5. 135 AVERAGE DAILY MEMBERSHIP TREND
DATE ADM TREND 3/22/2011 3, /26/2012 3, /01/2013 3, /27/2014 3, /23/2015 3, /25/2016 3, /03/2017 3, /19/2018 3, day 3/26/2018 3, prelim 5

6. Base Student Cost : $2,425 House Ways and Means Committee. ($0/ pupil)
BASIS OF BUDGET PROJECTIONS – GENERAL FUND FY 2019 PROJECTED BUDGET st 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% % = 19.06% FY Rate with increase= 14.56% - XX= 20.06%

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

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

9. GENERAL FUND COMPARISON

10. GENERAL FUND IMPACTS

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