1. Asheville City Schools
Budget Overview
October 4, 2010

2. Change from Fiscal Year 2010 to 2011
Final Fiscal Year Budget $61,310,957
Increase in State Public School Fund ,199
Decrease in General Fund (125,430)
Decrease in Federal Grants Fund (2,386,880)
Increase in Capital Outlay Fund ,282,805
Decrease in Child Nutrition Fund (103,917)
Increase in Other Restricted Fund ,194
Initial Fiscal Year Budget $60,066,928

3. State Public School Fund $20.1M/33.4%
Budget By Fund
Child Nutrition
$1.7M/2.8%
Capital Outlay $7.4M/12.4%
Federal Grants $8.4M/13.9%
State Public School Fund $20.1M/33.4%
Other Restricted $3.4M/5.6%
General Fund $19.1M/31.9%
Total Budget $60,066,928

4. Fund Balance & Transfers $3.3M/5.6%
Budget By Revenue Source
Fund Balance & Transfers $3.3M/5.6%
Federal $11.4M/18.9%
State $21.1M/35.1%
Local $24.3M/40.4%
Total Budget $60,066,928

5. 2010-11 Budget By Object of Expenditure
Supplies & Materials $4M/6.6%
Contracts/Staff Dev/Utilities $6.4M/10.7%
Salaries & Benefits $41.2M/68.6%
Capital Outlay $7.5M/12.6%
Other $.9M/1.5%
Total Budget $60,066,928

6. Major Salary & Benefits Changes – All Funds
No salary increases for any employees
Increase in retirement matching rate from 8.75% to %
Increase in annual cost of medical insurance (9%)
ABC Bonuses were not funded by the General Assembly and will not be paid to any employees
Longevity will be paid to all eligible employees
The local salary supplement will be paid to all permanent employees in May 2011 with no reduction to the percentage rates used to compute the supplement

7. State Public School Fund
Allotment ADM increased by 67 students
Added 4 teachers and two teacher assistants
Reduction in textbook allotment of $143,670
Elimination of funding for mentor teachers $27,164
Increase in transfer to ARRA stabilization $147,328
Increase in discretionary reduction from $567,555 to $776,978

8. General Fund - Revenues
Increase in Buncombe County general appropriation 0.37% county-wide $25,186
Projected 1% decrease in supplemental tax collections offset by $190,000 transfer from the Capital Outlay Fund $107,607
Decrease in projected sales tax revenue ($182,723)
Decrease in projected interest income ($105,000)

9. General Fund - Expenditures
Increase in retirement and hospitalization $260,793
Transfer 5 classroom teachers to state lottery funding, including benefits ($225,756)
Service contracts completed or rebid ($120,500)
Reduce transfer to Child Nutrition Fund ($75,000)

10. Federal Grants Fund
IMPACT and ARRA stimulus funding allotted in full fiscal year $5,272,876
Expended fiscal year (2,669,264)
Balance remaining fiscal year $2,603,612

11. ARRA Stabilization Funding
$1,153,470 allotted to offset cuts to the State Public School Fund Budget

12. Preschool Outdoor Learning Environment Grant
$37,500

13. Capital Outlay Fund Asheville High School Renovations:
Quality School Construction Bonds
Qualified Zone Academy Bonds
Locally Funded Projects

14. Projects at Jones, Hall Fletcher And Vance Elementary Schools

15. Energy Grant
$366,340

16. Child Nutrition Fund No change in meal prices for fiscal year 2011
Small increase in USDA reimbursement rates
Reduced staff at two schools and at the Central Office through natural attrition
Transfer from the General Fund reduced from $100,000 to $25,000

17. Other Restricted Fund State Dropout Prevention Grant
Sisters of Mercy Out of School Time Grant
LSTA Grant