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      548    556    $2,410,945     8    $33,553
    i. K-5  1.00  $4,122.55  0    0    $0     0    $0
    ii. 6-8  1.08  $4,452.68  245    243    $1,082,002     (2)    ($8,905)
    iii. 9-12  1.03  $4,245.83  303    313    $1,328,943     10    $42,458
Need Weight Total      449    456    $1,037,505     7    $61,326
II. Academic Intervention      292    272    $391,395     (20)    ($39,993)
    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  53    42    $86,617     (11)    ($22,685)
    b. Below Standards  0.35  $1,442.79  58    70    $100,995     12    $17,313
    iii. Achievement (9-12)        
    a. Well Below Standards  0.40  $1,648.60  80    62    $102,213     (18)    ($29,675)
    b. Below Standards  0.25  $1,030.11  97    97    $99,921     0    $0
    iv. Heavy Graduation Challenge OTC  0.40  $1,648.60  4    1    $1,649     (3)    ($4,946)
III. English Language Learner (ELL)      56    74    $152,612     18    $37,122
    i. K-5  0.40  $1,648.60  0    0    $0     0    $0
    ii. 6-8  0.50  $2,062.32  29    38    $78,368     9    $18,561
    iii. 9-12  0.50  $2,062.32  27    36    $74,243     9    $18,561
IV. Special Education Services      101    110    $493,498     9    $64,197
    i Special Education < 60%                      
    a. <= 20%  0.56  $2,308.88  30    25    $57,722     (5)    ($11,544)
    b. 21% to 59%  1.25  $5,155.58  25    22    $113,423     (3)    ($15,467)
    ii. Special Education >= 60% Contained                      
    a. K-8 Filled Seats  1.18  $4,867.98  16    19    $92,492     3    $14,604
    b. 9-12 Filled Seats  0.58  $2,407.91  13    18    $43,342     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  8    11    $78,912     3    $21,521
    d. 9-12 Filled Seats  1.74  $7,173.81  9    15    $107,607     6    $43,043
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   813.47     836.49     $3,448,450     23.01     $94,879
Adjustment for System-wide Teacher Salary Growth [g] Weighted Register   Salary            
836.49 x $0.00 + $0        
Foundation       +   $225,000        
FY15 Fair Student Funding Formula at 100% [i]       =   $3,673,450        

 

WALK THROUGH FROM FAIR STUDENT FUNDING WEIGHTED REGISTER FORMULA TO PRELIMINARY ALLOCATION        
FY14 Revised Based Allocations (from Overview page) a       $3,090,807
Register Change          
  Fair Student Funding Register Formula s   $94,879    
  FY15 Fair Student Funding Percentage Capped at 100% t x 85.46%    
  Register Change Allocation Based on School's Percent of Formula f     + $81,079
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     = $3,171,886
FY15 Final Percent of Formula                   ($3,171,886 - $225,000) j     = 85.46%
                      ($3,673,450 - $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.