School Budget Overview

Fair Student Funding Budget For 2014-15 School Year 



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Fair Student Funding Formula Detail l m n   o   p
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Fair Student Funding Weighted Register Formula FY15
Weight
FY15 Per Capita without Funding for System-wide Teacher Salary Growth* FY14
Actual Registers
  FY15 Projected   Register Change
  Register   Formula   Register   Formula
I. Grade Weight      2,265    2,112    $8,967,182     (153)    ($649,611)
    i. K-5  1.00  $4,122.55  0    0    $0     0    $0
    ii. 6-8  1.08  $4,452.68  0    0    $0     0    $0
    iii. 9-12  1.03  $4,245.83  2,265    2,112    $8,967,182     (153)    ($649,611)
Need Weight Total      1,814    1,721    $3,325,122     (93)    ($230,751)
II. Academic Intervention      1,102    1,067    $1,310,036     (35)    ($48,424)
    i. Poverty  0.12  $494.71  0    0    $0     0    $0
    ii. Achievement (4-5)                      
    a. Well Below Standards  0.40  $1,648.60  0    0    $0     0    $0
    b. Below Standards  0.25  $1,030.11  0    0    $0     0    $0
    iii. Achievement (6-8)                      
    a. Well Below Standards  0.50  $2,062.32  0    0    $0     0    $0
    b. Below Standards  0.35  $1,442.79  0    0    $0     0    $0
    iii. Achievement (9-12)        
    a. Well Below Standards  0.40  $1,648.60  348    309    $509,418     (39)    ($64,295)
    b. Below Standards  0.25  $1,030.11  741    726    $747,863     (15)    ($15,452)
    iv. Heavy Graduation Challenge OTC  0.40  $1,648.60  13    32    $52,755     19    $31,323
III. English Language Learner (ELL)      415    359    $740,372     (56)    ($115,490)
    i. K-5  0.40  $1,648.60  0    0    $0     0    $0
    ii. 6-8  0.50  $2,062.32  0    0    $0     0    $0
    iii. 9-12  0.50  $2,062.32  415    359    $740,372     (56)    ($115,490)
IV. Special Education Services      297    295    $1,274,714     (2)    ($66,837)
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,308.88  52    48    $110,826     (4)    ($9,236)
    b. 21% to 59%  1.25  $5,155.58  157    110    $567,114     (47)    ($242,312)
    ii. Special Education >= 60% Contained                      
    a. K-8 Filled Seats  1.18  $4,867.98  0    0    $0     0    $0
    b. 9-12 Filled Seats  0.58  $2,407.91  46    81    $195,041     35    $84,277
    iii. Special Education >= 60% Integrated                      
    a. K Filled Seats  2.09  $8,608.78  0    0    $0     0    $0
    b. 1-5 Filled Seats  1.74  $7,173.81  0    0    $0     0    $0
    c. 6-8 Filled Seats  1.74  $7,173.81  0    0    $0     0    $0
    d. 9-12 Filled Seats  1.74  $7,173.81  42    56    $401,734     14    $100,433
V. Portfolio      0    0    $0     0    $0
    i. Career and Technical Education                      
    a. Nursing/Aviation  0.26  $1,071.90  0    0    $0     0    $0
    b. Health/Trade/Technical  0.17  $701.02  0    0    $0     0    $0
    c. Engineering/Hospitality/IT  0.12  $494.16  0    0    $0     0    $0
    d. Home Eco/Arts/Business  0.05  $205.81  0    0    $0     0    $0
    ii. Specialized Academic  0.25  $1,030.11  0    0    $0     0    $0
    iii. Specialized Audition  0.35  $1,442.79  0    0    $0     0    $0
    iv. Transfer School                      
    a. Heavy Graduation Challenge  0.40  $1,648.60  0    0    $0     0    $0
    b. Regular Graduation Challenge  0.21  $859.18  0    0    $0     0    $0
TOTAL FAIR STUDENT FUNDING WEIGHTED REGISTER AND FORMULA   3,195.27     2,981.73     $12,292,304     (213.55)     ($880,362)
Adjustment for System-wide Teacher Salary Growth [g] Weighted Register   Salary            
2,981.73 x $0.00 + $0        
Foundation       +   $225,000        
FY15 Fair Student Funding Formula at 100% [i]       =   $12,517,304        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY14 Revised Based Allocations (from Overview page) a       $11,236,949
Register Change          
  Fair Student Funding Register Formula s   ($880,362)    
  FY15 Fair Student Funding Percentage Capped at 100% t x 83.60%    
  Register Change Allocation Based on School's Percent of Formula f     + ($735,956)
Adjustment for System-wide Teacher Salary Growth g     + $0
  Foundation for New Schools h     + $0
FY15 Initial Fair Student Funding Allocations d=a+f+g+h     = $10,500,993
FY15 Final Percent of Formula                   ($10,500,993 - $225,000) j     = 83.60%
                      ($12,517,304 - $225,000)    



* Chart of FY15 Per-Capita including System-wide Teacher Salary Growth.
** Chart to Calculate the Percentage of Time in Special Education.
*** Pupils with four core subjects in a seven period day (4/7) are included here.