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      621    602    $2,597,979     (19)    ($84,808)
    i. K-5  1.00  $4,122.55  0    0    $0     0    $0
    ii. 6-8  1.08  $4,452.68  223    203    $903,895     (20)    ($89,054)
    iii. 9-12  1.03  $4,245.83  398    399    $1,694,084     1    $4,246
Need Weight Total      452    528    $1,178,098     76    $190,527
II. Academic Intervention      301    346    $466,786     45    $56,046
    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  35    34    $70,119     (1)    ($2,062)
    b. Below Standards  0.35  $1,442.79  56    64    $92,338     8    $11,542
    iii. Achievement (9-12)        
    a. Well Below Standards  0.40  $1,648.60  66    72    $118,699     6    $9,892
    b. Below Standards  0.25  $1,030.11  143    169    $174,089     26    $26,783
    iv. Heavy Graduation Challenge OTC  0.40  $1,648.60  1    7    $11,540     6    $9,892
III. English Language Learner (ELL)      53    63    $129,926     10    $20,623
    i. K-5  0.40  $1,648.60  0    0    $0     0    $0
    ii. 6-8  0.50  $2,062.32  23    21    $43,309     (2)    ($4,125)
    iii. 9-12  0.50  $2,062.32  30    42    $86,617     12    $24,748
IV. Special Education Services      98    119    $581,386     21    $113,858
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,308.88  33    18    $41,560     (15)    ($34,633)
    b. 21% to 59%  1.25  $5,155.58  36    75    $386,668     39    $201,068
    ii. Special Education >= 60% Contained                      
    a. K-8 Filled Seats  1.18  $4,867.98  1    0    $0     (1)    ($4,868)
    b. 9-12 Filled Seats  0.58  $2,407.91  0    7    $16,855     7    $16,855
    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  12    11    $78,912     (1)    ($7,174)
    d. 9-12 Filled Seats  1.74  $7,173.81  16    8    $57,391     (8)    ($57,391)
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   890.31     915.96     $3,776,077     25.64     $105,719
Adjustment for System-wide Teacher Salary Growth [g] Weighted Register   Salary            
915.96 x $0.00 + $0        
Foundation       +   $225,000        
FY15 Fair Student Funding Formula at 100% [i]       =   $4,001,077        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY14 Revised Based Allocations (from Overview page) a       $3,499,674
Register Change          
  Fair Student Funding Register Formula s   $105,719    
  FY15 Fair Student Funding Percentage Capped at 100% t x 89.22%    
  Register Change Allocation Based on School's Percent of Formula f     + $94,322
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     = $3,593,996
FY15 Final Percent of Formula                   ($3,593,996 - $225,000) j     = 89.22%
                      ($4,001,077 - $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.