1. System Budget FY 2016
Board of Education
May 21, 2015

2. Total Appropriation – All Funds
General Fund $ 82,708,369
Special Revenue Fund $ 13,119,660
Capital Projects Fund $ 17,749,000
School Nutrition Fund $ 6,274,456
Debt Service Fund $
Total $119,851,485

3. Local Five Mill Share Required local match against QBE Earnings
Five equalized mills of local property tax
Griffin-Spalding:
FY $ 7,003,042
FY $ 7,174,138
Decreased ($ 171,096) %

4. Equalization Grant FY 2015 $ 7,248,192 FY 2014 $ 6,955,535
Increased $ , %
GSCS dropped 4 places in the per student wealth rankings – 134th to 138th out of 180 systems.

5. Austerity Reduction - Comparison
Total Austerity Reduction since FY $52,222,821

6. Ad Valorem Taxes Projected millage – 19.47 Same as FY15
Using growth rate of 2% net tax digest
97% collection rate factored into estimate
Appeals and TAVT have significant impact

7. Ad Valorem Taxes Projected
Actual
FY16
FY15
FY14
FY13
FY12
FY11
FY10
Ad Valorem Millage Rate
19.47
19.06
18.80
Net M&O Digest
1,360,902,202
1,334,217,845
1,382,709,218
1,369,907,557
1,411,385,276
1,462,878,583
1,489,013,395
Tax Levy, Gross
26,496,766
25,977,221
26,921,348
26,672,100
26,901,003
27,502,117
27,993,452
Less: County collection fees
(662,419)
(649,431)
(673,034)
(666,803)
(672,525)
(687,553)
(699,836)
Total tax levy, net
25,834,347
25,327,791
26,248,315
26,005,298
26,228,478
26,814,564
27,293,616
Net digest growth rate
2.00%
-3.51%
0.93%
-2.94%
-3.52%
-1.76%
-0.20%
Value of 1 mil, net of
County collection fees
1,326,880
1,300,862
1,348,141
1,335,660
1,376,101
1,426,307
1,451,788

8. FTE Counts FY2011 (midterm) FY2012 (initial) 10,251 FY2012 (midterm)

10. General Fund – Revenue Summary
FY16 FY15 % Change
Local 26,864, ,562, %
State 53,071, ,071, %
Federal , , %
Total 82,708, ,011, %

11. General Fund – Revenue by Source Fiscal Year 2016

12. General Fund Expenditures Items Included
180 day school year for students
Full year work calendar for all staff
Implementation of the salary study results
Teachers – 8% local supplement on first step, 6% minimum on remaining steps
Administration – 3% across the board, grade changes to target average group salary (rank 5-7 of 12)
Classified – 3% across the board, grade changes to target average group salary rank
Employer contribution to defined contribution plan for PSERS eligible employees (custodians, nutrition, bus drivers)
3% starting January 2016

13. General Fund Expenditures Items Included
Longevity step for all eligible employees
Health insurance rate flat
$945/mo. for certified
$596.20/mo. for classified, increases to /mo. in January 2016
Employer’s share of TRS increases from 13.15% to 14.27% of salary
Transfer to workers compensation fund – $350,000

14. General Fund Expenditures Items Included
Positions changes
Reduce 5.5 teaching positions (FTE decline)
Restore two assistant principals at the middle school level (two APs at each middle school)
Two ESOL teachers to change from cluster model to serving students at home school

15. General Fund Expenditures Items Included
Griffin Regional College and Career Academy - $300,000
K-12 Virtual School - $80,000
SAT/ACT preparatory courses - $50,000
Character Education initiative - $40,000
Summer school program - $80,000
School Resource Officers – one at each high school and middle school - $270,000
School nurses – continued at all schools

16. General Fund Proposed FY16 Budget: Total Revenues $82,708,369
Total Expenditures $82,708,369
Difference $
Fund Balance, Beginning $11,758,896
Fund Balance, Ending $11,758,896
Focus on sustainability

17. General Fund – Expenditures

19. General Fund – 3 year projection
FY2016
FY2017
FY2018
Beginning Fund Balance
11,758,896
10,570,896
Revenue
82,708,369
Expenditures
83,696,369
Net Operations
(988,000)
GRCCA
(200,000)
Add health insurance*
(188,000)
Additional expenses (step)*
(800,000)
Revenues over Expenditures
(1,188,000)
(1,988,000)
Ending Fund Balance
8,582,896
FY2018 Ending Balance, Target
6,000,000

20. School Nutrition Services
Highlights of proposed FY16 Budget
Self-supporting for past thirteen years
3% raise and step increase for eligible employees
Better than expected FY13 and FY14
FY16 projected use of fund balance - $129,293
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

21. Special Revenue Fund Budget appropriation level - $12,969,660
Adopt initial budgets until official allotments come in during FY16
Continue with Race to the Top – merit pay
Project Aware added
Continue with grant from Griffin-Spalding Hospital Authority helping place a nurse in every school
Pre-Kindergarten – full 180 day school year
Teachers have 190 day schedule, increased 2 days
Transferring $150,000 from General Fund to cover actual cost of operations

22. Special Purpose Local Option Sales Tax (SPLOST)
Final year of SPLOST IV collections
Averaging at 100% of projection
Current twelve-month rolling average is flat
SPLOST V beings July 1
SPLOST V will go into Debt Service Fund and Capital Projects Fund

23. SPLOST collections

24. Debt Service Fund Proposed FY16 Budget TBD
Will bring to Board for approval

25. Capital Projects Fund Initial appropriation - $17,749,000 SPLOST IV:
Renovation work at Futral Road Elementary, Jackson Road Elementary, Cowan Road Middle, Orrs Elementary, Atkinson Elementary, Elementary Science Enrichment Center
SPLOST V:
Griffin Region College and Career Academy
Bus purchases
Audio Enhancement

26. 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 – 180 student days
Implement salary study results
Longevity step for all eligible employees
GRCCA
Restore assistant principals at middle school
No meal price increases

27. Timetable to Adoption Tuesday, June 2 Sunday, June 7 Tuesday, June 23
Place budget on first reading at regular BOE meeting
Set additional workshops/hearings
Sunday, June 7
Advertise budget in local newspaper
Tuesday, June 23
Final adoption at regular BOE meeting