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      1,507    1,302    $5,478,120     (205)    ($862,530)
    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  1,507    1,302    $5,478,120     (205)    ($862,530)
Need Weight Total      1,879    1,600    $2,719,674     (279)    ($551,222)
II. Academic Intervention      1,512    1,282    $1,719,308     (230)    ($402,729)
    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  944    685    $1,119,088     (259)    ($423,130)
    b. Below Standards  0.25  $1,020.81  568    552    $563,486     (16)    ($16,333)
    iv. Heavy Graduation Challenge OTC  0.20  $816.30  0    45    $36,734     45    $36,734
III. English Language Learner (ELL)      49    41    $83,791     (8)    ($16,349)
    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  49    41    $83,791     (8)    ($16,349)
IV. Special Education Services      318    277    $916,575     (41)    ($132,143)
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,288.02  85    70    $160,161     (15)    ($34,320)
    b. 21% to 59%  1.25  $5,109.00  2    1    $5,109     (1)    ($5,109)
    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  169    151    $360,310     (18)    ($42,951)
    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  62    55    $390,995     (7)    ($49,763)
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   2,352.71     2,006.66     $8,197,794     (346.06)     ($1,413,752)
Adjustment for System-wide Teacher Salary Growth [i] Weighted Register   Salary            
2,006.66 x $34.80 + $69,841        
Foundation       +   $225,000        
FY13 Fair Student Formula at 100% [j]       =   $8,492,635        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY12 Revised Based Allocations (from Overview page) a       $7,552,757
Register Change          
  Fair Student Funding Register Formula s   ($1,413,752)    
  Change to Preliminary Fair Student Funding Percentage Capped at 100% t x 76.24%    
  Register Change Allocation Based on School's Percent of Formula h     + ($1,077,832)
Adjustment for System-wide Teacher Salary Growth i     + $69,841
  Foundation for New Schools u     + $0
FY13 Initial Fair Student Funding Allocations g=a+h+i+u     = $6,544,766
FY13 Final Percent of Formula                   ($6,544,766 - $225,000) k       76.44%
                      ($8,492,635 - $225,000)