1. System Budget FY 2018
Board of Education
May 2, 2017

2. Total Appropriation – All Funds
General Fund $ 89,645,959
Special Revenue Fund $ 13,401,210
Capital Projects Fund $ 24,120,580
School Nutrition Fund $ 6,178,527
Debt Service Fund $ ,775
Total $133,964,051

3. Board Retreat Review – State Revenues
FY2017
FY2018
Change
Total QBE Earnings
$ ,470,326
$ ,597,365
$ 3,127,039
Austerity Reduction
$ (1,029,229)
$ (1,042,066)
$ (12,837)
Local Five Mill Share
$ (7,088,772)
$ (7,170,041)
$ (81,269)
Equalization Grant
$ ,816,665
$ ,171,024
$ ,359
Nursing Funds*
$ ,381
$ ,153
$ ,772
Transportation*
$ ,033,015
$ ,046,821
$ ,806
Total Change $3,410,870

4. Total Austerity Reduction since FY2003:
$54,294,116
FY18: $1,042,066
Equals .76 mills

5. Ad Valorem Taxes Projected millage – 18.57 Same as FY17
Discussions with Tax Assessor’s Office - 0%-2%
WellStar payment in lieu of taxes (PILOT)
Budget built using 0% growth plus approximately half of WellStar payment

6. FTE Counts FY2013 (midterm) FY2014 (initial) 10,145 FY2014 (midterm)

7. General Fund – Revenue Summary
FY 2017
FY 2018
Difference
State
$ 56,666,676
$ 60,103,398
$ 3,436,722
Local
$ 26,449,116
$ 27,247,600
$ ,484
Federal
$ ,820
$ ,961
$ ,141
Total
$ 83,518,612
$ 87,795,959
$ 4,277,347

8. General Fund Expenditures Items Included
175 day school year for students
Full year work calendar for all staff
Longevity step and 2% for teachers, 2% for all other employees – $1.87 million
Employer contribution to defined contribution plan for PSERS eligible employees (custodians, nutrition, bus drivers) – 3% - no change
Health insurance rate flat
$945/mo. for certified – no change
$846.20/mo. for classified, increases to $945/mo. in January 2018 –$300,000
TRS increases 17.8% from 14.27% to 16.81% - $1.6 million

9. General Fund Expenditures Items Included
Positions changes
Increase 10.5 teachers based on allotment formula with equity factors - $777,000 (salaries and benefits)
1 special education teacher - $74,000 (salary and benefits)
2 Executive Directors and Deputy Superintendent - $450,000 (salaries and benefits)
Professional Development Director - $125,000 (salaries and benefits)
2 secretaries - $80,000 (salaries and benefits)
1 clerk for GRCCA - $33,000 (salaries and benefits)
Development of curriculum guides - $250,000
Continuation of Mastery Connect and MAP software programs - $220,000
Transfer to Pre-Kindergarten - $150,000
Transfer to Nutrition - $100,000
Transfer to Workers Compensation - $325,000

10. General Fund – Expenditures

11. General Fund Proposed FY18 Budget: Total Revenues $87,795,959
Total Expenditures $89,645,959
Difference ($1,850,000)
Fund Balance, Beginning $16,245,749
Fund Balance, Ending $14,395,749
Goal – work to zero over next two years

12. School Nutrition Services
Highlights of proposed FY18 Budget
Self-supporting for past fifteen years; budgeting general fund transfer for FY18
2% raise for employees
175 days
FY18 projected use of fund balance - $111,465
Federal free and reduced meal reimbursement rates projected to increase – estimated 1%
Students eligible for free and reduced cost meals – 76.56%
No meal price increases proposed

13. Special Revenue Fund Budget appropriation level - $13,401,210
Adopt initial budgets until official allotments come in during FY18
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 salaries – remains on teacher salary schedule

14. Special Purpose Local Option Sales Tax (SPLOST)
SPLOST V collections are strong (104% of budget)
$626,000 ahead
Current twelve-month rolling average is -2.45%

15. Debt Service Fund Proposed FY18 Budget
Interest only payment in October 2017 and April 2018
Interest payments total $609,100

16. Capital Projects Fund Initial appropriation - $24,120,580 SPLOST III:
Taylor Street (Central Office) Campus
Memorial Stadium
SPLOST IV:
SPLOST V:
Griffin Region College and Career Academy (opens)
Bus purchases
Beaverbrook Elementary
Moore Elementary

17. Summary Balanced budgets for all funds
No change in millage rate projected – mills same as prior year
Full work schedule for all employees
Instructional calendar – 175 student days
2% for all employees, step for teachers
GRCCA
Hire additional positions from budget process
No meal price increases

18. Timetable to Adoption Tuesday, May 2
Place budget on first reading at regular BOE meeting
Set additional workshops/hearings
Sunday, May 8
Advertise budget in local newspaper
Tuesday, May 16
Public hearing/work session?
Tuesday, June 6
Final adoption at regular BOE meeting