Atlanta Public SchoolsBudget Commission Meeting

Charles A. Burbridge, Chief Financial Officer

February 25, 2014

Five Year Analysis of Local Tax Revenues

FY 2011 FY 2012 FY 2013 FY 2014 Budgeted

FY 2015 Forecast

$300

$400

$500

$600

$460

$425

$395 $401

$442

Million

s

FY2015 Revenue Projection

Millions

FY14 Total Tax Revenue Total State Total Other Local

Revenue Projections 571 612 619 610

Changes From Prior Year 0 41 7 -8.8

555

565

575

585

595

605

615

625

FY14

Tax Revenue

QBE

Sale of Assets

FY2015 Appropriation

Millions

FY14 Charter Schools

Pay Raises 3%

Bandwidth/Tech Sup-

port

Media Para Bus Driver Conversion

RT3 Transfer Instruction Furlough/Vacancy

Mgt.

Benefits

Appropriation 595 605 616 623 622 629 631 640 650 655

Changes in Appropria-tions

0 10 11 7 -1 6 2 9 10 5

595

605

615

625

635

645

655

595

605

616

623 622

629631

640

650

655

FY15 Projected Revenue $610Fund Balance Usage 20Total Revenue $630

FY15 Budget Request 655

Budget Request Shortfall ($25)Note: Projected ending fund balance for FY14 equals $73 million

Summary of Changes

Millions

FY14 FY13 FY14 Total December Cumulative FY14 Projected FY15 Projected

Allocation Carryover Allocation Available Expenditures Allocation Remaining Allocation

Federal Title Programs $ 52 $ 25 $ 77 $ 18 $ 59 $ 60

Direct Federal & State Programs $ 36 $ - $ 36 $ 8 $ 29 $ 36

General Fund Special Revenue $ 3 $ - $ 3 $ 1 $ 2 $ 3

Other Special Revenue Programs $ 34 $ 11 $ 46 $ 23 $ 23 $ 30

Special Revenue Grand Totals $ 125 $ 36 $ 162 $ 50 $ 113 $ 129

as of December 31,2013

Special Revenue Analysis Summary

Millions

•South Region March 20th •North Region March 27th

•East Region April 1st

•West Region April 3rd

Community Meetings

Questions & Answers

8