“Together, we’re so much more!” Welcome to Anderson One! “Together, we’re so much more!” 2/18/2019

2007-08 Joint Budget Meeting Anderson County Board of Education & Anderson School District 1 Board of Trustees June 4, 2007 2/18/2019

Agenda General Information Anticipated Revenues Proposed Expenditures This budget session reflects the information generated by the full Senate of South Carolina for the proposed state education budget. General Information Anticipated Revenues Proposed Expenditures Budget Summary 2/18/2019

General Information Index of Taxpaying Ability FY 06-07 .008520 % of State Support = 81% 2/18/2019

General Information Base Student Cost $2,476.00 FY 2008 EFA Inflation Factor 4.60% 2/18/2019

8,706 STUDENTS 135 ADM + 200 new students General Information Education Finance Act Formula for EFA Revenue Projection (DWPU X TBSC) – (SWPU X TBSC X Index TA X .3) = ALLOCATION (District Weighted Pupil Units X Total Base Student Cost) – (State Weighted Pupil Unit X Total Base Student Cost X Index of Tax Paying Ability X .3) = ALLOCATION 8,706 STUDENTS 135 ADM + 200 new students 8,906 X 1.2516 weighting = 11,147.462 DWPU = $22,540,120 Projected FY 07-08 EFA 2/18/2019

General Information State Property Tax Relief--Tier 1 $1,717,987 State Revenue Sources: State Property Tax Relief--Tier 1 (Owner occupied homes) $1,717,987 Homestead Exemption--Tier 2 $696,290 Act 388 Reimbursement--Tier 3 $3,573,579 2/18/2019

General Information Other State Revenue: Merchants’ Inventory $44,200 Manufacturing Depreciation Reimbursement $305,605 2/18/2019

General Information Local Revenue Sources: Millage Rate for Operating Budget— 116.1 Value of a mill Old method: 95% collection rate is $138,707 New method: devalued mill estimated at $85,000 Anticipated Revenue $13,147,816 2/18/2019

Summary of Anticipated Revenues Local Sources $13,147,116 State Sources $36,770,018 (EFA, Fringe Benefits, Retiree Insurance, Bus Drivers, Property Tax Relief, Homestead Exemption, Merchants’ Inventory, Manufacturing Depreciation Reimbursement, Tier 3, Other State) Other Sources $1,170,630 (Transfers: Education Improvement Act (EIA) and Indirect Costs) TOTAL PROJECTED REVENUES= $51,087,764 2/18/2019

Proposed New Expenditures Budget Item Change from 2007-08 Employee Salary Increase---3.31% (includes incremental steps on salary scale) (all schedules now at 22 years experience) $1,900,640 Retirement rate (increase 1.01% for employer portion) $614,266 Additional Teachers (20.8 FTE) (Due to Student growth) $676,800 Additional Support Personnel for Schools (6.0 FTE) Additional Special Education Assistants (2.0 FTE) Mental Health Therapist(s) $99,000 $40,000 $30,000 Health Insurance and Premium Increases (9.7% January ’08 for employer portion) $467,376 Workers Comp increase Athletic Transportation $19,349 $10,000 2/18/2019

Proposed New Expenditures Budget Item Change from 2007-08 Special Projects (maintenance) Repairs and Maintenance (regular) $252,278 $27,921 Operational Supplies and Communications $31,607 Property/Casualty Insurance $37,076 Utilities (Electricity) $68,000 Homebound Funding $15,356 Gateway to Technology New Classroom Technology $25,000 $100,000 Furniture for New Students and Teachers $40,000 2/18/2019

Proposed New Expenditures Budget Item Change from 2007-08 Credit Recovery Software for High Schools Student Supplies and Materials ($2 per student) Library Books ($1 per student) $40,000 $18,312 $9,200 Funds to continue After School Programs $75,000 Additional funding for Career and Technology Center (CTC) Career Center Fringes Allocation $166,684 $117,000 Coaching Supplements (increase 3.31%) $16,918 Substitute Teachers $48,665 School Resource Officers (increase) Security Equipment for Schools and Buses $16,031 2/18/2019

Budget Summary Budgeted Expenditure $51,636,973 Anticipated Revenue $51,087,764 Difference $549,209 2/18/2019

ACT 388 Established a Baseline for Maintaining Funding Level -------In 2007, the CPI and population growth was 5.6% -------Millage can be raised by 5.6% 116.1 mills X 5.6% = 6.5 mills Amount of funds that can be requested -------6.5 mills X $85,000 = $552,500 2/18/2019

Maintenance of Local Effort 2005-Waiver for $1,017,234 2006-Waiver for $55,345 2007-Waiver will be needed for $152,812 2008-Waiver will be needed for $791,146 2/18/2019

Net Effect Tax Reduction in April 2007 due to EIA Building Funds applied to Bonded Indebtedness $242,675 Tax Reduction in August 2007 due to decrease in principal and interest $209,709 $452,384 2/18/2019

Effects of New Construction New Construction in Anderson One = $5.4 million 2006 Millage for Debt Service = 31.0 mills 2007 Millage for Debt Service = 28.0 mills (est.) 2/18/2019

“Together, we’re making a difference for children!” Anderson County Board of Education and the Anderson School District 1 Board of Trustees “Together, we’re making a difference for children!” 2/18/2019