1. General Purpose School Fund

2.  Revenues Budgeted $81,740,570  Expenditures Budgeted -$84,451,759  Funds Budgeted to Balance $2,711,189

3.  Sales Tax +$775,000  City/County Split -$425,000 (-0.5%)  Fuel prices are low.  Textbook adoptions minimal.  Staffing positions not filled.  Overall spending held to minimum.

4.  Local Revenues budgeted at -0.5% loss in City/County Split over 15-16 figures.  Sales Tax Collections projected to increase.  BEP Estimate+$176,000 ◦ Instructional Salary Component Increase  15-16=$42,065  16-17=$44,430 ◦ 12-month Insurance  15-16=$5,518.61 yearly premium per position  16-17=$5,849.22 yearly premium per position ◦ At-Risk  Direct Cert vs. FRLP ◦ CDF Eliminated

5.  Step Increases ◦ Professional+$322,500 ◦ Support Staff+$260,000  Insurance Increases ◦ 6.5% Premium Increase Effect. 1/1+$275,000 ◦ GAP Policies Eliminated Effect. 1/1+$103,000  Retirement Rates ◦ Support Staff up 0.02% +$5,000

6.  Staffing Cuts ◦ 6 Teaching Positions through attrition. ◦ Senior Accountant  Transportation Cuts ◦ 2 Bus Routes

7.  Revenues Budgeted $82,532,627  Expenditures Budgeted -$84,781,465  Funds Budgeted to Balance $2,248,838

8.  16-17 Budgeted Expenditures$84,781,465  3% of Budgeted Expenditures x 3%  Required Balance $2,543,444  2015-16 Estimated End Bal. $6,343,067  2016-17 Budgeted Balance -$2,248,838  2016-17 Projected End Bal. $4,094,229

9. School Nutrition Fund

10.  Revenues ◦ 15-16 Budget$4,711,367 ◦ 16-17 Budget$4,687,571  Expenditures ◦ 15-16 Budget$4,721,717 ◦ 16-17 Budget$4,600,571  Key Points ◦ NETCO Processing Fees Decreased ◦ Year 1 of 5-Year Equipment Plan

11. Discovery Academy Fund

12.  Revenues ◦ 15-16 Budget$240,000 ◦ 16-17 Budget$240,000  Expenditures ◦ 15-16 Budget$235,896 ◦ 16-17 Budget$235,896  No change.

13. Renovation Fund

14.  City/County Split -$4,108 (-0.5%)  See attached Project Detail sheet.