1. System Budget FY 2019
Board of Education
May 1, 2018

2. Total Appropriation – All Funds
General Fund $ 92,897,470
Special Revenue Fund $ 14,140,213
Capital Projects Fund $ 19,246,876
School Nutrition Fund $ 6,335,936
Debt Service Fund $ 2,357,577
Total $134,978,072

3. Board Retreat Review – State Revenues
FY2018
FY2019
Change
Total QBE Earnings
$ ,597,365
$ ,708,176
$ 3,110,811
Austerity Reduction
$ (1,042,066) $
$ ,042,066
Local Five Mill Share
$ (7,170,041)
$ (7,520,405)
$ (350,364)
Equalization Grant
$ ,171,024
$ ,486,498
$ ,474
Nursing Funds*
$ ,153
$ ,889
$ ,736
Transportation*
$ ,046,821
$ ,032,723
$ (14,098)
Total Change $4,111,625

4. Total Austerity Reduction since FY2003:
$54,294,116
FY19: $0!

5. Ad Valorem Taxes Projected millage – 18.204 Same as FY18
Industrial exemption phase out to help offset the loss of WellStar
Typically do not benefit from reassessments (use rollback rate)
Budget built using 0% growth plus some increase in the Title Ad Valorem Tax

6. FTE Counts FY2014 (midterm) FY2015 (initial) 10,218 FY2015 (midterm)

7. General Fund – Revenue Summary
FY 2018
FY 2019
Difference
State
$ 60,103,398
$ 64,177,761
$ 4,074,363
Local
$ 27,247,600
$ 27,678,573
$ ,973
Federal
$ ,961
$ ,810
$ ,849
Total
$ 87,795,959
$ 92,374,144
$ 4,578,185

8. General Fund Expenditures Items Included
175 day school year for students
Full year work calendar for all staff
Longevity step for all eligible employees – $891,000
Employer contribution to defined contribution plan for PSERS eligible employees (custodians, nutrition, bus drivers) – 3% - no change
Health insurance rate flat
$945/mo. for certified – no change
$945/mo. for certified – full year versus half - $150,000
TRS increases 24.33% from 16.81% to 20.9% - $2.05 million

9. General Fund Expenditures Items Included
Positions changes
Decrease 3 teachers based on allotment formula, increase five SPED teachers (including Pre-K) - $148,000
1 behavior interventionist (classified position) – Anne Street - $40,000
1 half-time instructional coach or media parapro – Crescent - $40,000
1 additional 8th grade teacher – Cowan Middle - $74,000
2 parapros (Moore and Atkinson) - $70,000
1 half AP/half CTAE Coordinator for Griffin Region College and Career Academy - $108,520
1 ELA Coordinator - $104,000
Assistant Principal – GHS and SHS – convert lost JROTC/Data Asst positions - $92,000
Phase 2 of curriculum guides development - $382,194
Continuation of Mastery Connect and MAP software programs - $260,000
Transfer to Pre-Kindergarten - $170,000
Transfer to Nutrition - $150,000
Transfer to Workers Compensation - $325,000

10. General Fund – Expenditures

11. General Fund Proposed FY19 Budget: Total Revenues $92,374,144
Total Expenditures $92,897,470
Difference ($523,326)
Fund Balance, Beginning $14,087,419
Fund Balance, Ending $13,564,093
Goal – back to zero in FY20 using TAVT changes

12. School Nutrition Services
Highlights of proposed FY19 Budget
Self-supporting for fifteen years; subsidized FY18 and FY19 (projected)
Step raise for eligible employees
175 serving days
FY19 projected use of fund balance - $164,888
Federal free and reduced meal reimbursement rates projected to increase – estimated 1%
Students eligible for free and reduced cost meals – 76.90%
No meal price increases proposed
Revisit Provision II schools

13. Special Revenue Fund Budget appropriation level - $14,140,213
Adopt initial budgets until official allotments come in during FY19
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 $170,000 from General Fund to cover actual cost of operations
Pre-k salaries – remains on teacher salary schedule

14. Special Purpose Local Option Sales Tax (SPLOST)
SPLOST V collections are strong (103.69% of budget)
$825,000 ahead
Current twelve-month rolling average is .12%

15. Debt Service Fund Proposed FY19 Budget
Principal and interest – October 1
Interest – April 1
Total payments $2,357,577

16. Capital Projects Fund Initial appropriation - $19,246,876 SPLOST III:
Taylor Street (Central Office) Campus
Memorial Stadium
SPLOST IV:
Technology
SPLOST V:
Moore Elementary
A.Z. Kelsey (initial)
Bus purchases

17. 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
Step for all eligible employees
Curriculum guide work
Hire additional positions from budget process
No meal price increases

18. Timetable to Adoption Tuesday, May 1
Place budget on first reading at regular BOE meeting
Set additional workshops/hearings
Sunday, May 6
Advertise budget in local newspaper
Tuesday, May 22
Public hearing/work session – 4:00 PM
Tuesday, June 5
Final adoption at regular BOE meeting