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      1,703    1,600    $6,613,034     (103)    ($435,181)
    i. K-5  1.00  $4,085.30  1,425    1,366    $5,580,519     (59)    ($241,033)
    ii. 6-8  1.08  $4,412.45  278    234    $1,032,514     (44)    ($194,148)
    iii. 9-12  1.03  $4,207.47  0    0    $0     0    $0
Need Weight Total      2,157    2,154    $2,588,636     (3)    ($121,177)
II. Academic Intervention      1,365    1,403    $687,801     38    $18,629
    i. Poverty  0.12  $490.24  1,365    1,403    $687,801     38    $18,629
    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)      547    525    $875,735     (22)    ($42,911)
    i. K-5  0.40  $1,633.71  486    481    $785,812     (5)    ($8,169)
    ii. 6-8  0.50  $2,043.69  61    44    $89,922     (17)    ($34,743)
    iii. 9-12  0.50  $2,043.69  0    0    $0     0    $0
IV. Special Education Services      245    226    $1,025,100     (19)    ($96,895)
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,288.02  70    67    $153,297     (3)    ($6,864)
    b. 21% to 59%  1.25  $5,109.00  1    1    $5,109     0    $0
    ii. Special Education >= 60% Contained                      
    a. K-8 Filled Seats  1.18  $4,824.00  127    116    $559,584     (11)    ($53,064)
    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  7    6    $51,186     (1)    ($8,531)
    b. 1-5 Filled Seats  1.74  $7,109.00  28    25    $177,725     (3)    ($21,327)
    c. 6-8 Filled Seats  1.74  $7,109.00  12    11    $78,199     (1)    ($7,109)
    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   2,388.57     2,252.39     $9,201,669     (136.19)     ($556,358)
Adjustment for System-wide Teacher Salary Growth [i] Weighted Register   Salary            
2,252.39 x $34.80 + $78,393        
Foundation       +   $225,000        
FY13 Fair Student Formula at 100% [j]       =   $9,505,062        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY12 Revised Based Allocations (from Overview page) a       $8,352,827
Register Change          
  Fair Student Funding Register Formula s   ($556,358)    
  Change to Preliminary Fair Student Funding Percentage Capped at 100% t x 83.29%    
  Register Change Allocation Based on School's Percent of Formula h     + ($463,411)
Adjustment for System-wide Teacher Salary Growth i     + $78,393
  Foundation for New Schools u     + $0
FY13 Initial Fair Student Funding Allocations g=a+h+i+u     = $7,967,809
FY13 Final Percent of Formula                   ($7,967,809 - $225,000) k       83.43%
                      ($9,505,062 - $225,000)