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      381    340    $1,443,581     (41)    ($182,767)
    i. K-5  1.00  $4,122.55  0    0    $0     0    $0
    ii. 6-8  1.08  $4,452.68  42    0    $0     (42)    ($187,013)
    iii. 9-12  1.03  $4,245.83  339    340    $1,443,581     1    $4,246
Need Weight Total      347    316    $650,486     (31)    ($50,175)
II. Academic Intervention      262    224    $300,030     (38)    ($63,492)
    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  17    8    $16,499     (9)    ($18,561)
    b. Below Standards  0.35  $1,442.79  30    7    $10,100     (23)    ($33,184)
    iii. Achievement (9-12)        
    a. Well Below Standards  0.40  $1,648.60  100    88    $145,077     (12)    ($19,783)
    b. Below Standards  0.25  $1,030.11  112    115    $118,463     3    $3,090
    iv. Heavy Graduation Challenge OTC  0.40  $1,648.60  3    6    $9,892     3    $4,946
III. English Language Learner (ELL)      12    14    $28,872     2    $4,125
    i. K-5  0.40  $1,648.60  0    0    $0     0    $0
    ii. 6-8  0.50  $2,062.32  3    0    $0     (3)    ($6,187)
    iii. 9-12  0.50  $2,062.32  9    14    $28,872     5    $10,312
IV. Special Education Services      73    78    $321,584     5    $9,193
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,308.88  23    24    $55,413     1    $2,309
    b. 21% to 59%  1.25  $5,155.58  28    27    $139,201     (1)    ($5,156)
    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  9    14    $33,711     5    $12,040
    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  13    13    $93,260     0    $0
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   564.46     507.95     $2,094,067     (56.50)     ($232,941)
Adjustment for System-wide Teacher Salary Growth [g] Weighted Register   Salary            
507.95 x $0.00 + $0        
Foundation       +   $225,000        
FY15 Fair Student Funding Formula at 100% [i]       =   $2,319,067        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY14 Revised Based Allocations (from Overview page) a       $2,109,877
Register Change          
  Fair Student Funding Register Formula s   ($232,941)    
  FY15 Fair Student Funding Percentage Capped at 100% t x 81.00%    
  Register Change Allocation Based on School's Percent of Formula f     + ($188,683)
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     = $1,921,194
FY15 Final Percent of Formula                   ($1,921,194 - $225,000) j     = 81.00%
                      ($2,319,067 - $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.