1. System Budget FY 2017
Board of Education
May 2, 2016

2. Total Appropriation – All Funds
General Fund $ 83,518,612
Special Revenue Fund $ 12,887,030
Capital Projects Fund $ 23,283,275
School Nutrition Fund $ 6,066,202
Debt Service Fund $ , Total $126,372,894

3. Board Retreat Review – State Revenues
FY2016
FY2017
Change
Total QBE Earnings
$ ,712,433
$ ,470,326
$ (242,107)
Austerity Reduction
$ (2,930,818)
$ (1,029,229)
$ ,901,589
Local Five Mill Share
$ (7,003,042)
$ (7,088,772)
$ (85,730)
Equalization Grant
$ ,248,192
$ ,816,665
$ (431,527)
Nursing Funds*
$ ,970
$ ,381 $
Transportation*
$ ,012,909
$ ,033,015
$ ,106

4. Total Austerity Reduction since FY2003:
$53,252,050
FY17: $1,029,229
Equals .78 mills

5. Projected millage – 18.742 Same as FY16 Ad Valorem Taxes
2015 Digest (2 pieces)
Reassessment Growth New Growth
$50,732, ,638,315
Roll back or tax increase Primarily from motor vehicles
Benefit: $ Loss: -$532,739
Used historical prior year collection data to project FY17.

6. FTE Counts FY2012 (midterm) FY2013 (initial) 10,211 FY2013 (midterm)

7. General Fund – Revenue Summary
FY2016
FY 2017
Difference
State
$ 55,470,962
$ 56,666,676
$ 1,195,714
Local
$ 26,864,017
$ 26,449,116
$ (415,291)
Federal
$ ,000
$ ,820
$ ,820
Total
$ 82,708,369
$ 83,518,612
$ ,243

8. General Fund Expenditures Items Included
175 day school year for students
Full year work calendar for all staff
Longevity Step for employees on the scale plus 1.5% cost-of-living raise across the board
Employer contribution to defined contribution plan for PSERS eligible employees (custodians, nutrition, bus drivers) – 3%
Health insurance rate flat
$945/mo. for certified
$746.20/mo. for classified, increases to /mo. in January 2017
TRS remains flat at 14.27%

9. General Fund Expenditures Items Included
Positions changes
Reduce 5 teachers from initial allotment (decline in FTE) based on maximum class size
Hire:
9.5 special education teachers
5 regular education teachers
6 Read 180 teachers
4 Math 180 teachers
4 bus drivers
3 instructional paraprofessionals
2 behavior specialists
1 counselor
1 ESOL teacher

10. General Fund Expenditures Items Included
1 bus safety/training supervisor
1 part-time residency officer
1 part-time clerk
Griffin Regional College and Career Academy
CEO, Director of High School Programs, WBL coordinator, part-time counselor, 1 core academic teacher
K-12 Virtual School and GAVS - $50,000
SAT/ACT preparatory courses - $50,000
Character Education initiative - $40,000
SACS visit - $20,000
Curriculum Audit

11. General Fund – Expenditures

12. General Fund Proposed FY17 Budget: Total Revenues $83,518,612
Total Expenditures $83,518,612
Difference $
Fund Balance, Beginning $13,678,509
Fund Balance, Ending $13,678,509
Focus on sustainability – strong reserves

13. School Nutrition Services
Highlights of proposed FY17 Budget
Self-supporting for past fourteen years
1.5% raise and step increase for eligible employees
Strong results for several years, healthy fund balance
Project a decrease in revenues and expenditures – lower FTE, 5 fewer days
FY17 projected use of fund balance - $165,085
Federal free and reduced meal reimbursement rates projected to increase – estimated 1%
Students eligible for free and reduced cost meals – 76.21%
No meal price increases proposed

14. Special Revenue Fund Budget appropriation level - $12,887,030
Adopt initial budgets until official allotments come in during FY17
Title I, Title II, Title III, IDEA, Mainstay, Project Aware, Hospital Authority grant, Pre-Kindergarten
Pre-Kindergarten –175 day school year
Teachers have 190 day schedule
Transferring $150,000 from General Fund to cover actual cost of operations
Pre-K salary changes – more guidance to come!

15. Special Purpose Local Option Sales Tax (SPLOST)
SPLOST V collections are strong (106% of budget)
Current twelve-month rolling average is 3.9% increase

16. Debt Service Fund Proposed FY17 Budget
Interest only payment in October 2016 and April 2016
Interest payments total $609,100

17. Capital Projects Fund Initial appropriation - $23,283,275 SPLOST IV:
Complete renovation projects
Crescent Elementary
Administrative buildings
SPLOST V:
Griffin Region College and Career Academy
Bus purchases
Design work for Moore, Beaverbrook, and A.Z. Kelsey

18. Summary Balanced budgets for all funds
No change in millage rate projected – mills same as prior year
Full work schedule for all employees
Instructional calendar – 175 student days
Longevity step plus 1.5% cost-of-living raise
GRCCA
Hire additional positions from budget process
No meal price increases

19. Timetable to Adoption Tuesday, June 7 Sunday, June 12 Tuesday, June 28
Place budget on first reading at regular BOE meeting
Set additional workshops/hearings
Sunday, June 12
Advertise budget in local newspaper
Tuesday, June 28
Final adoption at regular BOE meeting