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      566    474    $2,020,782     (92)    ($402,871)
    i. K-5  1.00  $4,085.30  0    0    $0     0    $0
    ii. 6-8  1.08  $4,412.45  206    129    $569,207     (77)    ($339,759)
    iii. 9-12  1.03  $4,207.47  360    345    $1,451,575     (15)    ($63,112)
Need Weight Total      389    328    $571,548     (61)    ($92,490)
II. Academic Intervention      318    251    $352,085     (67)    ($104,170)
    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  37    23    $47,005     (14)    ($28,612)
    b. Below Standards  0.35  $1,429.75  54    44    $62,909     (10)    ($14,298)
    iii. Achievement (9-12)        
    a. Well Below Standards  0.40  $1,633.71  117    90    $147,034     (27)    ($44,110)
    b. Below Standards  0.25  $1,020.81  110    90    $91,873     (20)    ($20,416)
    iv. Heavy Graduation Challenge OTC  0.20  $816.30  0    4    $3,265     4    $3,265
III. English Language Learner (ELL)      8    9    $18,393     1    $2,044
    i. K-5  0.40  $1,633.71  0    0    $0     0    $0
    ii. 6-8  0.50  $2,043.69  3    5    $10,218     2    $4,087
    iii. 9-12  0.50  $2,043.69  5    4    $8,175     (1)    ($2,044)
IV. Special Education Services      63    68    $201,070     5    $9,636
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,288.02  29    32    $73,217     3    $6,864
    b. 21% to 59%  1.25  $5,109.00  4    5    $25,545     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  23    25    $59,654     2    $4,772
    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  7    6    $42,654     (1)    ($7,109)
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   755.81     634.55     $2,592,330     (121.25)     ($495,361)
Adjustment for System-wide Teacher Salary Growth [i] Weighted Register   Salary            
634.55 x $34.80 + $22,085        
Foundation       +   $225,000        
FY13 Fair Student Formula at 100% [j]       =   $2,839,415        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY12 Revised Based Allocations (from Overview page) a       $2,700,808
Register Change          
  Fair Student Funding Register Formula s   ($495,361)    
  Change to Preliminary Fair Student Funding Percentage Capped at 100% t x 80.18%    
  Register Change Allocation Based on School's Percent of Formula h     + ($397,196)
Adjustment for System-wide Teacher Salary Growth i     + $22,085
  Foundation for New Schools u     + $0
FY13 Initial Fair Student Funding Allocations g=a+h+i+u     = $2,325,697
FY13 Final Percent of Formula                   ($2,325,697 - $225,000) k       80.35%
                      ($2,839,415 - $225,000)