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      519    600    $2,571,217     81    $348,594
    i. K-5  1.00  $4,085.30  0    0    $0     0    $0
    ii. 6-8  1.08  $4,412.45  190    228    $1,006,040     38    $167,673
    iii. 9-12  1.03  $4,207.47  329    372    $1,565,177     43    $180,921
Need Weight Total      290    403    $960,557     113    $172,099
II. Academic Intervention      184    264    $361,695     80    $101,487
    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  34    34    $69,485     0    $0
    b. Below Standards  0.35  $1,429.75  32    49    $70,058     17    $24,306
    iii. Achievement (9-12)        
    a. Well Below Standards  0.40  $1,633.71  40    62    $101,290     22    $35,942
    b. Below Standards  0.25  $1,020.81  78    116    $118,414     38    $38,791
    iv. Heavy Graduation Challenge OTC  0.20  $816.30  0    3    $2,449     3    $2,449
III. English Language Learner (ELL)      33    56    $114,446     23    $47,005
    i. K-5  0.40  $1,633.71  0    0    $0     0    $0
    ii. 6-8  0.50  $2,043.69  9    24    $49,048     15    $30,655
    iii. 9-12  0.50  $2,043.69  24    32    $65,398     8    $16,349
IV. Special Education Services      73    83    $484,415     10    $23,607
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,288.02  4    11    $25,168     7    $16,016
    b. 21% to 59%  1.25  $5,109.00  1    10    $51,090     9    $45,981
    ii. Special Education >= 60% Contained                      
    a. K-8 Filled Seats  1.18  $4,824.00  12    6    $28,944     (6)    ($28,944)
    b. 9-12 Filled Seats  0.58  $2,386.16  2    4    $9,545     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  23    24    $170,616     1    $7,109
    d. 9-12 Filled Seats  1.74  $7,109.00  31    28    $199,052     (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   737.05     864.51     $3,531,773     127.46     $520,693
Adjustment for System-wide Teacher Salary Growth [i] Weighted Register   Salary            
864.51 x $34.80 + $30,089        
Foundation       +   $225,000        
FY13 Fair Student Formula at 100% [j]       =   $3,786,862        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY12 Revised Based Allocations (from Overview page) a       $2,886,471
Register Change          
  Fair Student Funding Register Formula s   $520,693    
  Change to Preliminary Fair Student Funding Percentage Capped at 100% t x 88.39%    
  Register Change Allocation Based on School's Percent of Formula h     + $460,237
Adjustment for System-wide Teacher Salary Growth i     + $30,089
  Foundation for New Schools u     + $0
FY13 Initial Fair Student Funding Allocations g=a+h+i+u     = $3,376,797
FY13 Final Percent of Formula                   ($3,376,797 - $225,000) k       88.49%
                      ($3,786,862 - $225,000)