Proposed Financial Plan for Fiscal BUDGETED FUNDS SUMMARY % ACTUALREVISEDPROPOSEDInc/(Decr) BY FUND: OPERATING FUND $ 121,562,123 $ 125,009,204 $ 130,953, % GRANTS FUND 11,350,936 9,105,000 11,673, % FOOD SERVICES FUND 6,868,507 7,699,013 7,478, % $ 139,781,566 $ 141,813,217 $ 150,105, %

Revenue - All Funds

Expenditures by Major Classification

Expenditures by Object Code Personnel compensation and benefits make up 84.24% of the Operating fund budget.

History of State Funds

State Revenue: Basic Aid and Non-program specific $1.5m Retirement Rate adjustment.9m Program Specific.5m Total increase state revenue $2.9m

History of Local Appropriation of Funds Blue= SPS Requested Red = City of Suffolk Appropriated

Efficiencies and Reductions: Efficiency savings found from: PD360/Staff Development Financial software Purchase card rebates/PO reduction Electronic Application portal Safe Schools/Worker’s compensation benefit External review of copier equipment usage Copy cost tracking software Utility behavioral changes

Fiscal Rates Health Keepers (HMO) 10 month Monthly Increase Employee Employee Employee Both/One Employee Family Employee Both/Family Health Keepers (HMO) 12 month Monthly Increase Employee Employee Employee Both/One Employee Family Employee Both/Family

Other costs increased for Employees: Co-Payments $20/PCP $40/Specialist (doubled) Therapy Services $40/visit (doubled) Emergency Room visits $150 then 10% each visit (increased $50) Deductibles $100 single/$200 all other plans (new this year) Out of pocket Maximums $2000 single/$4000 all other plans (increased from $1000/$2000)

Proposed Budget: 3% Cost of living raise for all full-time TEACHER contracted employees 2% Cost of living raise for all full-time NON-TEACHER contracted employees 1% VRS phase-in raise (year 3 of 5) as required by law Increase in Employer share of retirement costs and group life expenses Total Personnel Costs of $4,469,289

P roposed Budget : Increased Budget –Joint Operations Software Renewal Increases Homeless Transportation Increase School Resource Officers (Grant ended) IT infrastructure Replacement Costs Grant matches –Algebra Readiness and IT grants Transportation Fuel Increased Costs Total Non-personnel Costs: $1,475,504

City Appropriation Request: Increased Appropriation Request $3.0 million Appropriation Request for HVAC.5 million Total $3.5 million