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      2,565    2,629    $11,061,426     64    $269,278
    i. K-5  1.00  $4,085.30  0    0    $0     0    $0
    ii. 6-8  1.08  $4,412.45  0    0    $0     0    $0
    iii. 9-12  1.03  $4,207.47  2,565    2,629    $11,061,426     64    $269,278
Need Weight Total      2,030    2,123    $4,023,750     93    $194,107
II. Academic Intervention      1,452    1,445    $1,817,876     (7)    ($84,172)
    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  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  685    568    $927,945     (117)    ($191,144)
    b. Below Standards  0.25  $1,020.81  767    851    $868,707     84    $85,748
    iv. Heavy Graduation Challenge OTC  0.20  $816.30  0    26    $21,224     26    $21,224
III. English Language Learner (ELL)      144    160    $326,990     16    $32,699
    i. K-5  0.40  $1,633.71  0    0    $0     0    $0
    ii. 6-8  0.50  $2,043.69  0    0    $0     0    $0
    iii. 9-12  0.50  $2,043.69  144    160    $326,990     16    $32,699
IV. Special Education Services      434    518    $1,878,885     84    $245,580
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,288.02  160    209    $478,195     49    $112,113
    b. 21% to 59%  1.25  $5,109.00  5    6    $30,654     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  142    166    $396,102     24    $57,268
    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  127    137    $973,933     10    $71,090
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   3,579.12     3,692.55     $15,085,176     113.43     $463,384
Adjustment for System-wide Teacher Salary Growth [i] Weighted Register   Salary            
3,692.55 x $34.80 + $128,518        
Foundation       +   $225,000        
FY13 Fair Student Formula at 100% [j]       =   $15,438,694        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY12 Revised Based Allocations (from Overview page) a       $12,036,448
Register Change          
  Fair Student Funding Register Formula s   $463,384    
  Change to Preliminary Fair Student Funding Percentage Capped at 100% t x 80.78%    
  Register Change Allocation Based on School's Percent of Formula h     + $374,321
Adjustment for System-wide Teacher Salary Growth i     + $128,518
  Foundation for New Schools u     + $0
FY13 Initial Fair Student Funding Allocations g=a+h+i+u     = $12,539,287
FY13 Final Percent of Formula                   ($12,539,287 - $225,000) k       80.94%
                      ($15,438,694 - $225,000)