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      802    822    $3,424,202     20    $86,613
    i. K-5  1.00  $4,085.30  615    620    $2,532,886     5    $20,427
    ii. 6-8  1.08  $4,412.45  187    202    $891,316     15    $66,187
    iii. 9-12  1.03  $4,207.47  0    0    $0     0    $0
Need Weight Total      875    868    $1,324,622     (7)    ($51,325)
II. Academic Intervention      551    561    $275,022     10    $4,902
    i. Poverty  0.12  $490.24  551    561    $275,022     10    $4,902
    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)      183    173    $299,850     (10)    ($13,057)
    i. K-5  0.40  $1,633.71  149    131    $214,015     (18)    ($29,407)
    ii. 6-8  0.50  $2,043.69  34    42    $85,835     8    $16,349
    iii. 9-12  0.50  $2,043.69  0    0    $0     0    $0
IV. Special Education Services      141    134    $749,749     (7)    ($43,170)
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,288.02  23    24    $54,912     1    $2,288
    b. 21% to 59%  1.25  $5,109.00  3    1    $5,109     (2)    ($10,218)
    ii. Special Education >= 60% Contained                      
    a. K-8 Filled Seats  1.18  $4,824.00  43    41    $197,784     (2)    ($9,648)
    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  4    6    $51,186     2    $17,062
    b. 1-5 Filled Seats  1.74  $7,109.00  38    34    $241,706     (4)    ($28,436)
    c. 6-8 Filled Seats  1.74  $7,109.00  30    28    $199,052     (2)    ($14,218)
    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   1,153.78     1,162.42     $4,748,824     8.64     $35,288
Adjustment for System-wide Teacher Salary Growth [i] Weighted Register   Salary            
1,162.42 x $34.80 + $40,457        
Foundation       +   $225,000        
FY13 Fair Student Formula at 100% [j]       =   $5,014,281        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY12 Revised Based Allocations (from Overview page) a       $4,337,698
Register Change          
  Fair Student Funding Register Formula s   $35,288    
  Change to Preliminary Fair Student Funding Percentage Capped at 100% t x 87.25%    
  Register Change Allocation Based on School's Percent of Formula h     + $30,790
Adjustment for System-wide Teacher Salary Growth i     + $40,457
  Foundation for New Schools u     + $0
FY13 Initial Fair Student Funding Allocations g=a+h+i+u     = $4,408,945
FY13 Final Percent of Formula                   ($4,408,945 - $225,000) k       87.36%
                      ($5,014,281 - $225,000)