Fair Student Funding Overview

Budget Overview For 2015-16 School Year

K220 - J.H.S. 220 John J. Pershing

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DOE Overview

Fair Student Funding Details

2014-2015 School Budget Overview

2015-2016 School Budgets

The transition from the 2014-2015 school year to the 2015-2016 school year ensures that schools are allocated the same base-lined funds they received in the prior year with adjustments only for changes in the number and needs of students, and for changes to the citywide average salary.

New funding is invested in:

Raising the system-wide minimum funding percentage to 82% of the Formula.
Raising Renewal, Community and Persistently Failing Schools to 92% of Formula in the 2015-2016 school year, as they transition to 100% of formula in 2016-2017.

Adjustments for Salary:

Schools are fully funded for the 2016 value of the collective bargaining related increases, based on FY 2015 FSF scheduled budgets, adjusted for year-over-year weighted register changes.
During FY 2015 system-wide average teacher salaries, excluding the fully funded collective bargaining increases, decreased from the prior year, therefore the formula for FY 2016 will be adjusted to reflect the lower average teacher salary.

Additional details are available in the Fair Student Funding Guide.

(*)To print in Internet Explorer, in Paper Options use "Enable Shrink-to-Fit" and in Page Setup and set the print margins to .25

I. FY 2015 Revised Base Allocations¹

[d]

[a] + [b] + [c]

$7,781,544

TL Fair Student Funding	[a]	$7,645,242
TL 09 C4E CTT	[b]	$136,302
TL Funds Over Formula	[c]	$0

II. FY 2016 Fair Student Funding Preliminary Allocation

[j]

[d] + [e] + [f] + [g] + [h] + [i]

$8,204,215

FY 2015 TL Revised Base Allocations	[d]	$7,781,544
Adjustment for Register Change ²	[e]	($17,598)
Collective Bargaining for Register Change ²	[f]	($1,029)
Base-lined Collective Bargaining FY 2016 Costs for FY 2015 Staffing³	[g]	$474,524
System-wide Teacher Salary Change for Projected Weighted Register ²	[h]	($33,226)
FY 2016 New School Foundation	[i]	$0

III. FY 2016 Fair Student Funding Formula at 100% (excluding collective bargaining)	[k]			$9,378,922
FY 2016 Base Percent of Formula
([j] FY 2016 FSF Preliminary Allocation - [l] FY 2016 Foundation - [f] CB for Register Change - [g] Base-lined FY 2016 CB)	[m]	([j] $8,204,215 - [l] $225,000 - [f] ($1,029) - [g] $474,524)	=	$7,505,720	=	81.99%
([k] FY 2016 FSF Formula - [l] FY 2016 Foundation)	[m]	([k] $9,378,922 - [l] $225,000)	=	$9,153,922	=	81.99%

Adjustment to Raise School's Fair Student Formula Funding Percent	[n]			$496
Raise Schools to 82.0% (*), or Raise Renewal Schools, Community Schools, and Persistently Failing Schools to 92% ( )
FY 2016 Final Percent of Formula
([j] FY 2016 FSF Preliminary Allocation - [l] FY 2016 Foundation - [f] CB for Register Change - [g] Base-lined FY 2016 CB + [n] Funding Adjustment)	[o]	([j] $8,204,215 - [l] $225,000 - [f] ($1,029) - [g] $474,524 + [n] $496)	=	$7,506,216	=	82.00%
([k] FY 2016 FSF Formula - [l] FY 2016 Foundation)	[o]	([k] $9,378,922 - [l] $225,000)	=	$9,153,922	=	82.00%

IV. FY 2016 Initial Fair Student Funding Allocation

[p]

$8,204,711

	TL Fair Student Funding Allocation				$8,069,009
	TL 09 C4E CTT				$135,702
	TL Funds Over Formula (amount exceeding the formula)				$0
	TL Fair Student Funding Intensive Support				$0

V. FY 2016 TL SE Transitional Funding

$20,006

VI. Current FY 2016 Allocations in Galaxy

Footnotes

Calculations may have minor discrepancies due to rounding display of percentages applied.
Calculated at the FSF Preliminary Funding Percent, capped at 100%.
The Preliminary FSF Funding Percent represents FY 2015 school percent of formula after Mid-Year Register adjustment.
Staff includes all staff on school payroll as well as Per-Diem, Per-Session and Prep Period Coverage.

Fair Student Funding SAM School Overview Guide Fair Student Funding Guide