School Budget Overview

 Fair Student Funding Budget For 2012-13 School Year



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Fair Student Funding Formula Overview l m n   o   p
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Fair Student Funding Weighted Register Formula FY13
Weight
FY13 Per Capita without Funding for System-wide Teacher Salary Growth* FY12
Actual Registers
  FY13 Projected   Register Change
  Register   Formula   Register   Formula
I. Grade Weight      677    663    $2,766,787     (14)    ($56,213)
    i. K-5  1.00  $4,085.30  502    485    $1,981,370     (17)    ($69,450)
    ii. 6-8  1.08  $4,412.45  175    178    $785,417     3    $13,237
    iii. 9-12  1.03  $4,207.47  0    0    $0     0    $0
Need Weight Total      739    750    $1,090,691     11    $16,332
II. Academic Intervention      454    470    $230,411     16    $7,844
    i. Poverty  0.12  $490.24  454    470    $230,411     16    $7,844
    ii. Achievement (4-5)                      
    a. Well Below Standards  0.40  $1,633.71  0    0    $0     0    $0
    b. Below Standards  0.25  $1,020.81  0    0    $0     0    $0
    iii. Achievement (6-8)                      
    a. Well Below Standards  0.50  $2,043.69  0    0    $0     0    $0
    b. Below Standards  0.35  $1,429.75  0    0    $0     0    $0
    iii. Achievement (9-12)        
    a. Well Below Standards  0.40  $1,633.71  0    0    $0     0    $0
    b. Below Standards  0.25  $1,020.81  0    0    $0     0    $0
    iv. Heavy Graduation Challenge OTC  0.20  $816.30  0    0    $0     0    $0
III. English Language Learner (ELL)      179    166    $285,544     (13)    ($24,108)
    i. K-5  0.40  $1,633.71  137    131    $214,015     (6)    ($9,802)
    ii. 6-8  0.50  $2,043.69  42    35    $71,529     (7)    ($14,306)
    iii. 9-12  0.50  $2,043.69  0    0    $0     0    $0
IV. Special Education Services      106    114    $574,735     8    $32,596
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,288.02  15    24    $54,912     9    $20,592
    b. 21% to 59%  1.25  $5,109.00  1    0    $0     (1)    ($5,109)
    ii. Special Education >= 60% Contained                      
    a. K-8 Filled Seats  1.18  $4,824.00  60    55    $265,320     (5)    ($24,120)
    b. 9-12 Filled Seats  0.58  $2,386.16  0    0    $0     0    $0
    iii. Special Education >= 60% Integrated                      
    a. K Filled Seats  2.09  $8,531.00  0    4    $34,124     4    $34,124
    b. 1-5 Filled Seats  1.74  $7,109.00  30    20    $142,180     (10)    ($71,090)
    c. 6-8 Filled Seats  1.74  $7,109.00  0    11    $78,199     11    $78,199
    d. 9-12 Filled Seats  1.74  $7,109.00  0    0    $0     0    $0
V. Portfolio      0    0    $0     0    $0
    i. Career and Technical Education                      
    a. Nursing  0.26  $1,062.22  0    0    $0     0    $0
    b. Health / Trade / Technical  0.17  $694.69  0    0    $0     0    $0
    c. Business  0.12  $489.70  0    0    $0     0    $0
    d. Home Economics / Art  0.05  $203.95  0    0    $0     0    $0
    ii. Specialized Academic  0.25  $1,020.81  0    0    $0     0    $0
    iii. Specialized Audition  0.35  $1,429.75  0    0    $0     0    $0
    iv. Transfer School                      
    a. Heavy Graduation Challenge  0.40  $1,633.71  0    0    $0     0    $0
    b. Regular Graduation Challenge  0.30  $1,242.01  0    0    $0     0    $0
TOTAL FAIR STUDENT FUNDING WEIGHTED REGISTER AND FORMULA   954.00     944.23     $3,857,478     (9.76)     ($39,881)
Adjustment for System-wide Teacher Salary Growth [i] Weighted Register   Salary            
944.23 x $34.80 + $32,864        
Foundation       +   $225,000        
FY13 Fair Student Formula at 100% [j]       =   $4,115,342        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY12 Revised Based Allocations (from Overview page) a       $3,588,975
Register Change          
  Fair Student Funding Register Formula s   ($39,881)    
  Change to Preliminary Fair Student Funding Percentage Capped at 100% t x 86.31%    
  Register Change Allocation Based on School's Percent of Formula h     + ($34,423)
Adjustment for System-wide Teacher Salary Growth i     + $32,864
  Foundation for New Schools u     + $0
FY13 Initial Fair Student Funding Allocations g=a+h+i+u     = $3,587,416
FY13 Final Percent of Formula                   ($3,587,416 - $225,000) k       86.43%
                      ($4,115,342 - $225,000)