1. 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

2. 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.

3. Budget Highlights  The budget is based on average daily membership of 2827.05 students an decrease of 31.80 students  Decrease in State Units of 2.29.  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.

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

5. 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.

6. 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..

7. General Fund The Primary Operating Account

8. Comparison of State Revenue $921,397

9. 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

10. Local Revenues Pay For: Pay For: – 18.19 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

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

12. 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

14. 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 $159,828 99.8% 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

15. 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

16. Budget Amendment in January 2014 Budget Amendment in June 2014