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      2,574    2,542    $10,695,376     (32)    ($134,639)
    i. K-5  1.00  $4,085.30  0    0    $0     0    $0
    ii. 6-8  1.08  $4,412.45  0    0    $0     0    $0
    iii. 9-12  1.03  $4,207.47  2,574    2,542    $10,695,376     (32)    ($134,639)
Need Weight Total      2,201    2,016    $3,954,506     (185)    ($406,401)
II. Academic Intervention      1,367    1,265    $1,548,118     (102)    ($219,967)
    i. Poverty  0.12  $490.24  0    0    $0     0    $0
    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  608    431    $704,127     (177)    ($289,166)
    b. Below Standards  0.25  $1,020.81  759    798    $814,604     39    $39,811
    iv. Heavy Graduation Challenge OTC  0.20  $816.30  0    36    $29,387     36    $29,387
III. English Language Learner (ELL)      520    447    $913,527     (73)    ($149,189)
    i. K-5  0.40  $1,633.71  0    0    $0     0    $0
    ii. 6-8  0.50  $2,043.69  0    0    $0     0    $0
    iii. 9-12  0.50  $2,043.69  520    447    $913,527     (73)    ($149,189)
IV. Special Education Services      314    304    $1,492,860     (10)    ($37,245)
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,288.02  32    24    $54,912     (8)    ($18,304)
    b. 21% to 59%  1.25  $5,109.00  0    0    $0     0    $0
    ii. Special Education >= 60% Contained                      
    a. K-8 Filled Seats  1.18  $4,824.00  0    0    $0     0    $0
    b. 9-12 Filled Seats  0.58  $2,386.16  116    117    $279,181     1    $2,386
    iii. Special Education >= 60% Integrated                      
    a. K Filled Seats  2.09  $8,531.00  0    0    $0     0    $0
    b. 1-5 Filled Seats  1.74  $7,109.00  0    0    $0     0    $0
    c. 6-8 Filled Seats  1.74  $7,109.00  0    0    $0     0    $0
    d. 9-12 Filled Seats  1.74  $7,109.00  166    163    $1,158,767     (3)    ($21,327)
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   3,718.44     3,586.00     $14,649,882     (132.44)     ($541,040)
Adjustment for System-wide Teacher Salary Growth [i] Weighted Register   Salary            
3,586.00 x $34.80 + $124,809        
Foundation       +   $225,000        
FY13 Fair Student Formula at 100% [j]       =   $14,999,691        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY12 Revised Based Allocations (from Overview page) a       $12,901,432
Register Change          
  Fair Student Funding Register Formula s   ($541,040)    
  Change to Preliminary Fair Student Funding Percentage Capped at 100% t x 83.45%    
  Register Change Allocation Based on School's Percent of Formula h     + ($451,484)
Adjustment for System-wide Teacher Salary Growth i     + $124,809
  Foundation for New Schools u     + $0
FY13 Initial Fair Student Funding Allocations g=a+h+i+u     = $12,574,757
FY13 Final Percent of Formula                   ($12,574,757 - $225,000) k       83.59%
                      ($14,999,691 - $225,000)