1. Franklin County Schools
Budget
Work Session
February 13, 2017
Franklin County Schools

2. 2016-2017 Budget at a Glance State Funds Federal Funds Local Funds
(excludes EC & CTE)
Local Funds
$52,243,717
$2,536,357
$16,189,312

3. 2016-2017 vs 2017-2018 Budget Assumptions:
-HB Impact between 8 to 18 teaching positions
-Average Daily Membership (ADM)
-Unknown surprises from our legislators (Teacher assistant fundings, etc.)

4. State Funds Allocation
Approximately 94% of State Funds are consumed by personnel.
The remaining 6% is obligated with the following big ticket items:

5. State Funds Allocation Continues...
Technology
$330,126 (10%) EC
$376,106 (11%)
SRO Grant
$150,976 (4%)
Early College
$189,538 (6%)
Transportation
$749,100 (22%)
Classroom Supplies/Materials Adj. for Xfers from Textbooks
$439,442 (13%)
At Risk
$573,000 (17%)
Textbooks: Adj. for Xters to classroom Supplies
$166,605 (5%)
Remaining funds is PRC specific and not available for discretionary use.
$387,194 (12%)
Total of General Expenditures
$3,363,087 (100%) of the six percent

6. Federal Funds Allocation
Title I: $2,156,117
Set-Asides
Costs
Administrative (12% max.)
$258,734.04
PD for Title I Schools
$50,000
Parent involvement
$21,561.17
Homeless
$25,000
PreKindergarten
$160,000
District-wide initiatives
$315,000
Total Set -aside
$830,295.21
Schools’ Allocation
$1,325,821.79
Per pupil allocation
$322.11

7. Federal Funds Allocation Continues...
Title I: Carryover use of funds: $522,664
Items
Costs
4 school based Instructional months
$300,000
Reading and Math Screener (K-8)
$43,942
EOY Enrichment Programs
$18,722
Unbudgeted
$160,000

8. Federal Funds Continue...
Allocation
Title II: Preparing , Training and Recruitment of HQ Teachers and Principals
$290,226
Title III: Language Instruction for Limited English Proficient and Immigrant Students
$56,656
Title I - Part C: Migrant
$33,358 *

9. Local Funds Allocation
Items
Allocation
Payroll-Related Expenditures
$7,232,639 (55%)
General Expenditures (Utilities, Charter schools, maintenance, Custodial, Transportation, Technology, contingency, etc)
$8,956,673 (45%)
Total
$16,189,312 (100%)

10. Our Priorities: To maintain our competitiveness
Increase All Principals’ salary by $5,000 (16 Principals x $5,000 = $80,000 plus benefits...Approx: $100,000)
Rationale: Our principals’ salaries vary from $55,000 to $75,000 and we need to be competitive with neighboring school systems
Granville County Schools
Nash-Rocky Mount Schools
Johnston County Schools
$55,980 - $82,275
$60,000 - $106,123.74
$70,000 - $115,000

11. Priorities Continue...
2. Increase Teachers’ salary by increasing returning bonus from $500 to $1,000 (600 certified employees x 500 = $300,000)
Rationale:
Teacher Base Salary
Granville County Schools Pay 10% Supplement
Nash-Rocky Mount Schools Pay 10% Supplement
FCS pay 7% Supplement with $500 returning bonus
Franklin County Schools Pay 7% Supplement
(with $1,000 returning bonus)
$35,000
$38,500
$38,200
$38,700
$40,000
$44,000
$43,300
$43,800
$45,000
$49,500
$48,650
$49,150

12. Priorities Continue...
3. We have a Fund Balance of $2,800,000 and we allocated $750,000 to meet our budgetary obligation. If this trend continues, we will deplete our fund balance in 3 years.
Therefore, it is appropriate to ask county commissioners for an additional $500,000 so that we won’t deplete our fund balance.
For the 3 priorities mentioned above: $100,000 + $300, $500,000 = $900,000, in addition to last year’s request.