Budget update #3 Fiscal Year 2017-2018

Budget Update by Fund General Fund – Tonight Debt Service Fund – June 26, 2017 Capital Projects Fund – June 26, 2017 Child Nutrition Fund – June 26, 2017 Little Chiefs Academy Fund – June 26, 2017 Lighthouse for Learning Fund – June 26, 2017 Special Revenue Funds – ??

Special Revenue Funds Federal Awards State Grants Head Start (205) Title I, Part A (211) IDEA B Formula (224) IDEA B Preschool (225) Summer Feeding (242) Carl Perkins Block Grant (244) Title II, Part A Training and Recruiting (255) Title III, Part A English Lang. Acquisition (263) Reading Recovery (288) State Grants Local Special Revenues

General Fund Revenues Revenue Source 16-17 Original 16-17 Revised 17-18 Proposed $ Change % Change Local Revenues 39,842,820 39,996,794 44,147,677 4,150,883 10.38% State Revenues 30,992,000 32,596,683 1,604,683 5.18% Federal Revenues 1,050,000 1,450,000 400,000 38.10% Total Revenues 71,884,820 72,038,794 78,194,360 6,155,566 8.54%

Revenue Detail Revenue Detail 16-17 Revised 16-17 Actual 17-18 Proposed $ Change % Change Property Taxes 39,237,418 38,867,471 43,483,202 4,245,784 10.82% Athletic Events 180,000 145,783 0.00% Investments 25,000 96,528 State – FSP 25,483,335 17,144,772 27,722,089 2,238,754 8.79% State on-behalf 3,158,458 2,624,616 3,278,597 120,139 3.80% SHARS 600,000 441,506 800,000 200,000 33.33% Cost Report 450,000 408,575 650,000 44.44%

General Fund Expenditures Expenditure Group 16-17 Original 16-17 Revised 17-18 Proposed $ Change % Change Payroll (61xx) 57,734,409 57,711,449 61,984,855 4,250,446 7.36% Contract Svcs (62xx) 4,828,107 4,790,506 4,789,038 -39,069 -0.81% Supplies (63xx) 3,658,408 4,069,306 3,813,316 154,908 4.23% Other Exp (64xx) 1,397,958 1,464,695 1,721,394 323,436 23.14% Debt Service (65xx) 3,200,000 0.00% Capital Outlay (66xx) 1,065,638 2,247,216 2,685,753 1,620,115 152.03% Total Expenditures 71,884,820 73,483,172 78,194,356 6,309,836 8.78%

General Fund Specific Purchases Budgeted purchases over $50,000 for FY 2017-2018: Playground equipment and fencing for Wilemon Elementary Playground and shade structure for Wedgeworth Elementary Playground shade structure for Dunaway Elementary 3 School buses Lumpkins Stadium track resurfacing Lumpkins Stadium turf replacement Maintenance fleet replacements Support Services annex building (continuation from this year) Digital signage (Coleman and Finley) – from Bond funds

Fund Balance (estimated) At August 31, 2016: $21,735,993 Addition from Operations: 1,000,000 Addition from Sale of Properties: 3,200,000 Estimated August 31, 2017 Fund Balance: 25,935,993 Less 3 month reserve: (19,548,590) Less $3,000,000 recommendation (LRPC): ( 3,000,000) Estimated Available Fund Balance: 3,387,403 Fund Balance at August 31, 2013: $23,941,018

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