1. Proposed Operating Budget
FY ‘20

2. Overview
Fiscal Year ‘20 is the second year of the State Budget Biennium. We are optimistic regarding the Governor's request for a 5% raise for teachers over the course of the current biennium as it currently appears to have the support of both sides of the aisle in the General Assembly. As MLWGS teachers received a 2% raise for FY 19, this budget supports a 3% raise for FY 20. This budget is based off of number provided by the DOE that includes the 5% raise. We are proposing a modest budget increase to address the needs of the school and to continue to fund capital projects.

3. Revenue

4. Total Increase: $212,033 (2.4%) Revenue Overview Fiscal Year Amount
FY ‘19
$8,560,446
FY ’20
$8,772,479
Total Increase:
$212,033 (2.4%)

5. Total FY ‘20: $8,772,479 Revenue Detail Description Amount
Local Contribution:
756 students x $8,234 (2% per student increase)
$6,224,904
Building Rental
$7,000
Free Lunch Receipts
$8,000
Dual Enrollment
$50,000
Technology Initiative
$26,000
Building Reserve and Carryover
State Contribution
$150,000
$2,306,575
Total FY ‘20:
$8,772,479

6. Expenses

7. Expenses Overview
FY ‘20:
$8,772,479

8. Expense Detail-Additions
Description
Amount
Service Contracts (Instructional)
$34,047
Building Service Contracts
$33,000
Salary/Benefits
$193,073 (Provides 3% raises)
Repair/Maintenance Equipment
$26562
Textbooks
$29,189
Technology
$17,888
Total: $373,794*
*And incremental increases for inflation in certain areas

9. Expense Detail-Reductions
Description
Amount
Long Term Disability
$9,140
Non-Professional Consultants
$9,910
Insurance
$18,876
Custodial Supplies
$17,200
Building Reserves
$1,532
Classroom Furniture
$3,112
Total: $87,408

10. Conclusion

11. Thoughts Going Forward
Funding Outlook for FY’21
Capital Improvement Continues to be a Challenge

12. Next Steps March 21 - Budget Public Hearing
April 18 - Request for Budget Approval