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      383    381    $1,630,308     (2)    ($9,030)
    i. K-5  1.00  $4,085.30  0    0    $0     0    $0
    ii. 6-8  1.08  $4,412.45  136    133    $586,856     (3)    ($13,237)
    iii. 9-12  1.03  $4,207.47  247    248    $1,043,451     1    $4,207
Need Weight Total      332    326    $746,855     (6)    ($8,682)
II. Academic Intervention      258    244    $354,761     (14)    ($34,112)
    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  36    33    $67,442     (3)    ($6,131)
    b. Below Standards  0.35  $1,429.75  43    47    $67,198     4    $5,719
    iii. Achievement (9-12)        
    a. Well Below Standards  0.40  $1,633.71  116    87    $142,132     (29)    ($47,377)
    b. Below Standards  0.25  $1,020.81  63    74    $75,540     11    $11,229
    iv. Heavy Graduation Challenge OTC  0.20  $816.30  0    3    $2,449     3    $2,449
III. English Language Learner (ELL)      21    24    $49,048     3    $6,131
    i. K-5  0.40  $1,633.71  0    0    $0     0    $0
    ii. 6-8  0.50  $2,043.69  4    10    $20,437     6    $12,262
    iii. 9-12  0.50  $2,043.69  17    14    $28,612     (3)    ($6,131)
IV. Special Education Services      53    58    $343,045     5    $19,299
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,288.02  11    12    $27,456     1    $2,288
    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    5    $24,120     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    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  19    17    $120,853     (2)    ($14,218)
    d. 9-12 Filled Seats  1.74  $7,109.00  23    24    $170,616     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   586.22     581.88     $2,377,162     (4.34)     ($17,712)
Adjustment for System-wide Teacher Salary Growth [i] Weighted Register   Salary            
581.88 x $34.80 + $20,252        
Foundation       +   $225,000        
FY13 Fair Student Formula at 100% [j]       =   $2,622,414        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY12 Revised Based Allocations (from Overview page) a       $2,162,641
Register Change          
  Fair Student Funding Register Formula s   ($17,712)    
  Change to Preliminary Fair Student Funding Percentage Capped at 100% t x 80.91%    
  Register Change Allocation Based on School's Percent of Formula h     + ($14,330)
Adjustment for System-wide Teacher Salary Growth i     + $20,252
  Foundation for New Schools u     + $0
FY13 Initial Fair Student Funding Allocations g=a+h+i+u     = $2,168,563
FY13 Final Percent of Formula                   ($2,168,563 - $225,000) k       81.07%
                      ($2,622,414 - $225,000)