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

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

3. 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

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

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

6. 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 new students
8,906 X weighting = 11, DWPU
= $22,540,120
Projected FY EFA
2/18/2019

7. 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

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

9. 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

10. 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

11. Proposed New Expenditures
Budget Item
Change from
Employee Salary Increase %
(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

12. Proposed New Expenditures
Budget Item
Change from
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

13. Proposed New Expenditures
Budget Item
Change from
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

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

15. 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
mills X $85,000 = $552,500
2/18/2019

16. 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

17. 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

18. 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

19. “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