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      457    485    $2,084,283     28    $120,064
    i. K-5  1.00  $4,085.30  0    0    $0     0    $0
    ii. 6-8  1.08  $4,412.45  202    213    $939,853     11    $48,537
    iii. 9-12  1.03  $4,207.47  255    272    $1,144,431     17    $71,527
Need Weight Total      272    282    $634,484     10    ($4,486)
II. Academic Intervention      200    213    $305,543     13    $9,997
    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  33    29    $59,267     (4)    ($8,175)
    b. Below Standards  0.35  $1,429.75  48    53    $75,777     5    $7,149
    iii. Achievement (9-12)        
    a. Well Below Standards  0.40  $1,633.71  62    61    $99,656     (1)    ($1,634)
    b. Below Standards  0.25  $1,020.81  57    67    $68,394     10    $10,208
    iv. Heavy Graduation Challenge OTC  0.20  $816.30  0    3    $2,449     3    $2,449
III. English Language Learner (ELL)      9    9    $18,393     0    $0
    i. K-5  0.40  $1,633.71  0    0    $0     0    $0
    ii. 6-8  0.50  $2,043.69  3    1    $2,044     (2)    ($4,087)
    iii. 9-12  0.50  $2,043.69  6    8    $16,349     2    $4,087
IV. Special Education Services      63    60    $310,548     (3)    ($14,483)
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,288.02  16    13    $29,744     (3)    ($6,864)
    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  20    13    $62,712     (7)    ($33,768)
    b. 9-12 Filled Seats  0.58  $2,386.16  0    5    $11,931     5    $11,931
    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    5    $35,545     5    $35,545
    d. 9-12 Filled Seats  1.74  $7,109.00  27    24    $170,616     (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   637.21     665.50     $2,718,767     28.29     $115,578
Adjustment for System-wide Teacher Salary Growth [i] Weighted Register   Salary            
665.50 x $34.80 + $23,162        
Foundation       +   $225,000        
FY13 Fair Student Formula at 100% [j]       =   $2,966,929        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY12 Revised Based Allocations (from Overview page) a       $2,488,669
Register Change          
  Fair Student Funding Register Formula s   $115,578    
  Change to Preliminary Fair Student Funding Percentage Capped at 100% t x 86.96%    
  Register Change Allocation Based on School's Percent of Formula h     + $100,504
Adjustment for System-wide Teacher Salary Growth i     + $23,162
  Foundation for New Schools u     + $0
FY13 Initial Fair Student Funding Allocations g=a+h+i+u     = $2,612,335
FY13 Final Percent of Formula                   ($2,612,335 - $225,000) k       87.07%
                      ($2,966,929 - $225,000)