FY2009 Budget

1
FY2009 Budget
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Significant Challenges
Revenue Constraints

• Austerity Reductions (7 Years)

• Millage Rate (20 mill cap)

• Local 5 Mill Share

• Transportation Funding

• Technology Funding

Expenditure Constraints

• State Mandated Class Sizes

• 2.5 State Salary Increase

• Employer Contributions for Benefits

• Limited Control Type Expenditures

• Growth . . . 2 New Schools

• Labor Intensive General Fund Budget

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State Austerity Reductions
Total 27,778,312
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Tax Millage Analysis
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FY2008 Millage RatesMetro School Systems
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Millage Rate Information
Property Taxes are levied on real and personal
property. Based on values as of January 1 each
year, taxes are levied using a millage rate
which taxes citizens based on 1 per 1,000 of
assessed property value.
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QBE Mandated Local Five Mill Share
Local Five Mill Share The Local Share for each
local system is an amount of money equal to the
amount that can be raised by levying five (5)
mills on the forty (40) percent equalized
property tax digest.
These amounts are deducted from the State revenue
earned by Henry County
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Facility Growth
Patrick Henry included in totals.
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Student Population Growth
Five Year Projection
Five Year History
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Salary Increase

• 2.5 State increase to salary schedules
• 3 step increase

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Health Insurance
Note Boards Projected Cost For FY09 -
30,477,005.
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Pupil Transportation Revenue/Expenditures
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Operating Fund Balance
Fund Balance 6/30/2007
25,344,776 Projected Fund Balance 6/30/2008
26,500,000
- Cash Basis
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Note FY08 Revenue Increase 10.11
FY08 Expenditure Increase 10.57
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Revenue
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Local Revenue
Note State amounts include mid-term adjustment.
FY 2009 amounts are projections and exclude
Federal revenue.
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Statewide Funding for K-12 Public Education
General Fund
Source GDOE Financial Data Collection System.
Data not available for FY08 FY09.
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Tax Digest History
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State Funding
QBE Formula Earnings 201,574,859
Local Fair Share 33,961,929
Cumulative Austerity 2,189,321
Equalization 12,073,939
Pupil Transportation 1,939,609
Nurses 657,067
Mid-Term Earnings 6,000,000
Other Grants 1,645,597

TOTAL FUNDING 187,739,821 (11
increase)

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Equalization Grant
Equalization grants are additional State funds
earned by school districts whose property wealth
per student (WPS) is below the 75th percentile
of all districts in the State.
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Equalization GrantProperty Wealth Rank
Note Systems ranked 47 - 180 receive funding.
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Expenditures How the money is spent
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Per Student Expenditure

• (40,050 Students)
• 8,158
• Note
• Amount represents annual operating expenses
  only. Excludes capital expenditures for new
  schools and improvements.

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Per Student Expenditures
Note FY2008 FY2009 State averages not
available.
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Expenditures for Salaries and Benefits
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New Positions for FY2009
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Departments

• Administrative Services - 150,050
• Curriculum - 9,016,390
• Facilities - 3,271,000
• Finance - 246,700
• Human Resources - 121,000
• Professional Learning - 917,406
• School Improvement - 206,750
• Special Education - 400,000
• Student Services - 341,215
• Technology - 2,539,915
• Testing - 613,600
• Transportation - 5,303,017

Note Expenditures exclude salaries/benefits.
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Expenditures by Object
Salaries 219,453,485 Benefits
67,707,512 School Allotments
3,386,583 Purchased Professional
4,353,601 Utilities 9,666,100 Fuel
2,933,980 Repairs Maintenance
2,165,000 Insurance
1,044,778 Travel 393,776 Supplies
4,290,945 Textbooks
5,570,582 Equipment 4,133,318 Computers
725,508 Dues and Fees
687,358 Contingency 200,000 Total
326,712,526
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Summary

• Mission Statement 71 Budget Direct Instruction

• Balanced Budget

• Millage Rate

• Personnel Requests

• Fund Balance

• 88 Budget Employee Salaries/Benefits

• Salary Increase

• State Austerity Reduction

• Tax Digest Growth

• Transportation Technology Funding