FY 2019 Preliminary Budget Red Clay Consolidated School

FY 2019 Preliminary Budget Red Clay Consolidated School District Recommendation to the Board of Education July 11, 2018 Jill M. Floore, CFO Mervin B. Daugherty, Ed. D. , Superintendent

Budget Development Process • Impact of state funding/legislation • Review FY 18 Close-out • Develop general operating budget – maintain funding priorities – Strategic plan/operational needs – Referendum initiatives » 1: 1 Technology (Applications, Bandwidth, Capacity, Devices) » Continued programming Curriculum/Math Textbook Adoption Elementary Talented and Gifted Reading support/RTI Inclusion ELL support International Baccalaureate/AVID/Summer STEM Behavior interventionists Assistant principals/School Climate Schools support Security (SROs, constables, building and bus cameras) K-3 targeted class size reduction and building staffing needs » Maintain carry-forward balance without operating deficit 2

FY 18 Budget vs. Actual highlights • Total State and Local Revenues: $208, 939, 461 – ($968, 146) or. 46% less than Final Budget • Total Expenditures $204, 479, 253 – ($3, 512, 255) or 1. 69% less than Final Budget • Local funds ending balance $13, 935, 767 vs budgeted $12, 951, 120 3

FY 2019 Preliminary Budget – Revenues • • FY 18 Last year of operating referendum increase Decrease in property assessments impacting local revenue receipts Decrease in interest rate calculation Change in Senior Property Tax Credit Two Christina choice settlements paid in FY 18 Increase in Indirect Cost Calculation Needs-based tuition funding increase $500, 000 $1, 156, 846 increase in charter payments – Enrollment, 2% increase and Policy Change to Include Match Tax Expenditures • State budget additions and new local match provision – K-3 Spec Ed; K-4 Reading Specialists, Opportunity Grants • • State give-back will continue – approximately $3 M Division I - State salary increase – 2% or $1, 000 plus $500 bonus Division II reduction reflects ESCO payment Total Projected Revenues $228, 009, 133 +3. 2% above FY 18 Budget 4

FY 19 Preliminary Budget - Expenditures Increases • Special education $171, 204, Maintenance $180, 000 Security $128, 816, and Equity Officer $50, 000 • State salary increase includes unit growth, 2% or $1000 salary increase, $500 bonus and step increases. Offset by give-back • Local salary increase for steps and increase in special education positions • Expenditures for state budget initiatives including Opportunity Grants, K-3 Basic Special Education, K-4 Reading Intervention, Math Coaches • Transportation – local increase for change in route schedule; decrease in contractor transportation Reductions • Maintains FY 18 Reductions • School budgets not reduced; budgets may increase or decrease based on 15% carry forward allowance from previous year or changes in unit count • District wide services decreases for substitutes, insurance and one-time use of prior year balance, copy center and legal fees • Total Projected Expenditures +3. 0% vs FY 18 Final 5 Budget

FY 2019 Operating Budget Summary 6

Division 32 Operating Budget Breakdown by Category 7

Division 32 Salary Breakdown by Category Reported Time, 0, 6% EPER / OT, 2, 0% Admin - Central Office, 4, 1% Admin Schools, 6, 1% Paraprofessional, 5, 4% Clerical, 4, 0% Custodial, 7, 7% Teachers, 70, 0% 8

FY 2019 Tax Rates Includes both residential and non-residential Per $100 of assessed value Assumes 99% collection rate Amount per average household $1, 841 a decrease of $13 9

FFY 2019 Federal Budget 10

FY 19 Budget – All Funds 11

• Questions • Next Steps – August 15, 2018 Board Action Item – August Board Workshop – 3 Year Forecast – September 30 Count – Monthly Community Financial Review Committee – LOBBY – K-3 – Final Budget Presented December, 2018 – Governor’s Recommended FY 20 Budget January, 2019 12