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      543    555    $2,398,632     12    $48,674
    i. K-5  1.00  $4,122.55  0    0    $0     0    $0
    ii. 6-8  1.08  $4,452.68  215    204    $908,347     (11)    ($48,980)
    iii. 9-12  1.03  $4,245.83  328    351    $1,490,285     23    $97,654
Need Weight Total      344    325    $750,302     (19)    ($37,583)
II. Academic Intervention      256    238    $323,141     (18)    ($36,908)
    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  29    19    $39,184     (10)    ($20,623)
    b. Below Standards  0.35  $1,442.79  62    53    $76,468     (9)    ($12,985)
    iii. Achievement (9-12)        
    a. Well Below Standards  0.40  $1,648.60  64    56    $92,322     (8)    ($13,189)
    b. Below Standards  0.25  $1,030.11  99    107    $110,222     8    $8,241
    iv. Heavy Graduation Challenge OTC  0.40  $1,648.60  2    3    $4,946     1    $1,649
III. English Language Learner (ELL)      13    15    $30,935     2    $4,125
    i. K-5  0.40  $1,648.60  0    0    $0     0    $0
    ii. 6-8  0.50  $2,062.32  5    5    $10,312     0    $0
    iii. 9-12  0.50  $2,062.32  8    10    $20,623     2    $4,125
IV. Special Education Services      75    72    $396,226     (3)    ($4,800)
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,308.88  22    22    $50,795     0    $0
    b. 21% to 59%  1.25  $5,155.58  8    2    $10,311     (6)    ($30,933)
    ii. Special Education >= 60% Contained                      
    a. K-8 Filled Seats  1.18  $4,867.98  6    4    $19,472     (2)    ($9,736)
    b. 9-12 Filled Seats  0.58  $2,407.91  0    0    $0     0    $0
    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  5    6    $43,043     1    $7,174
    d. 9-12 Filled Seats  1.74  $7,173.81  34    38    $272,605     4    $28,695
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   761.14     763.83     $3,148,934     2.69     $11,091
Adjustment for System-wide Teacher Salary Growth [g] Weighted Register   Salary            
763.83 x $0.00 + $0        
Foundation       +   $225,000        
FY15 Fair Student Funding Formula at 100% [i]       =   $3,373,934        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY14 Revised Based Allocations (from Overview page) a       $2,898,346
Register Change          
  Fair Student Funding Register Formula s   $11,091    
  FY15 Fair Student Funding Percentage Capped at 100% t x 85.20%    
  Register Change Allocation Based on School's Percent of Formula f     + $9,449
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     = $2,907,795
FY15 Final Percent of Formula                   ($2,907,795 - $225,000) j     = 85.20%
                      ($3,373,934 - $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.