Muscle Shoals City Board of EducationProposed Budget

FY 2014

Board Members:

Willis Thompson, PresidentFarrell Southern, Vice PresidentTerri SnipesClayton WoodPam Doyle

August 19, 2013

You Can Make a Difference

FY 2014 BudgetFY 2014 Budget

October 1 - September 30 fiscal year.October 1 - September 30 fiscal year.$28,525,651 Total Revenues.$28,525,651 Total Revenues.$36,111,613 Total Expenditures.$36,111,613 Total Expenditures.

The annual school budget is a financial representation for a school district’s educational programs.

Budget HighlightsBudget Highlights

The budget is based on average daily membership of 2827.05 students an decrease of 31.80 students Decrease in State Units of 2.29.

A lost of 1.29 teaching units . Library aides were not funded a lost of 1.25 teaching units or 3 aides. An increase of .50 for Assistant Principal-McBride.An increase of .50 for Counselor-Muscle Shoals Middle School.A lost of .75% Career Tech unit.

Retirement increased from 10.08% to 11.71% on every dollar earned. Health insurance stayed the same $8,568 per year per employee.The state granted a 2% pay raise and the board gave a 3% on salary matrix.Local Funds held by the 10 mills Foundation Program and Capital Improvements increased $78,283 or $1,809,672.

PersonnelPersonnel

72%

TYPE STATEOTHERSTATE FEDERAL LOCAL

TOTALEMPLOYEES

Teachers 159.28 4.4 4.11 18.19 185.98Librarians 4.5 4.5Counselors 7 7Administrators 10 1 11Certified Support Personnel 1 4 5Non. Cert. Supp. Personnel 6.6 16.24 76.83 99.67Total 180.78 12 20.35 100.02 313.15

1 Special Education Teacher-McBride

3 Title I Aides-McBride, Howell Graves, McBride

1 Special Education Aide – Muscle Shoals Middle School

Where Does School Funding Come From?State revenue - Funding received from the

Education Trust Fund and other state appropriations

 

Local revenue - All local tax revenue, grants from local agencies, earnings on investments, and charges for services

 

Federal revenue - Revenues originating from federal government agencies such as

Individuals with Disabilities Education Act, No Child Left Behind, Child

Nutrition Program

 

Other revenue - Various revenues including local school (admissions,

concessions, fund raisers, etc.), Medicaid, tuition, indirect cost, transfer in from

local schools or child nutrition.

Where Does School Funding Go?Salaries and Benefits- Teachers,

Principals, Assistant Principals, Aides, Custodians, Secretary, Bookkeepers, Bus

Drivers, Central Office.

 

Purchase Services- Utilities, Phone, Professional Services, Software

Maintenance Agreements, Garage, Postage, Travel, Insurance.

 

Material and Supplies- Instructional Supplies, Textbooks, Furniture, Custodial and Maintenance Supplies, Fuel, Food,

General Supplies, Office Supplies, Testing and Non-Capitalized Equipment.

Equipment- Capitalized Equipment over $5,000.

Other- Debt, Dues and Fees Building And Land Improvements Less Than $50,000,

Indirect Cost and Transfers In..

General FundGeneral FundThe Primary Operating AccountThe Primary Operating Account

Comparison of State RevenueComparison of State Revenue

$921,397

Local RevenuesLocal Revenues$7,238,266$7,238,26630¢

District Special

Ad Volorem 13 Mills

$2,205,557

Other Expenditures

$461,928

7¢

District

Ad Volorem

3 Mill

$504,586 TVA

$800,000

11¢County Sales

Tax

$1,226,359

17¢City Council

Appropriation

$1,260,000

17¢

County Wide

Ad Volorem

4 Mill

$779,836

11¢

7¢

$1,809,672 Local 10 Mill Match

Local RevenuesLocal Revenues• Pay For:Pay For:

– 18.19 Additional Teachers18.19 Additional Teachers– 1 Additional Assistant Principal1 Additional Assistant Principal– State and Federal MandatesState and Federal Mandates– Art, Band, Chorus, Advanced Courses, Gifted Art, Band, Chorus, Advanced Courses, Gifted

Program, Drivers Education, Electives, New Program, Drivers Education, Electives, New Engineering ProgramEngineering Program

– Textbooks, Custodian Supplies, Copiers, ComputersTextbooks, Custodian Supplies, Copiers, Computers– 10 Mill Match for State Funds and Capital Funds10 Mill Match for State Funds and Capital Funds

Federal FundsBased upon Free and Reduced Children 28.64%

ALL FUNDS ARE EARMARKED AND MUST BE SPENT AS ALLOCATED

Program FY 2014 FY 2013 FY 2012 FY 2011Title I, Part A $407,883 $297,861 $220,859 $217,542Title I, ARRA $17,866Title II, Part A $52,656 $58,255 $76,094 $80,097Title II, ARRATitle II Part D $846Title IVARRA HomelessIDEA Part B $447,290 $477,933 $502,520 $567,208IDEA ARRA $116,267IDEA Preschool $7,312 $7,579 $7,584 $7,602IDEA Preschool ARRA $7,545Career Technical $23,473 $26,270 $18,505 $19,67521st Century $120,000 $120,000 $120,000 $125,000Federal Stablization $662,189Jobs $551,864Local Schools $1,062,704 $1,166,417 $992,096 $959,593Child Nutrition $2,027,332 $1,978,127 $1,810,304 $1,969,980

Total $4,148,650 $4,132,442 $3,747,961 $5,303,273

State Capital

Funds

PAYS FOR:

ACQUISITION/CONSTRUCTION OF NEW SCHOOLS

PURCHASE OF LAND/BUILDINGS

BUILDING IMPROVEMENT

PURCHASE OF EQUIPMENT/FURNITURE

NEW SCHOOL BUSES (FLEET RENEWAL)ALL FUNDS ARE EARMARKED AND MUST BE SPENT AS ALLOCATED

Capital Funds (Construction)8/19/2013

Estimate Beginning Fund Balance 7,337,634

RevenuesPublic School Fund 694,024Local Match Public School 167,222City 200,000

Total Revenues 1,061,246

Total Beginning Fund Balance And Revenues 8,398,880

Expenditures Estimate Balance New Center for Technology 3,500,000 *Debt Services 409,252Estimate Balance New Athletic Facility 1,950,943 *Stadium Renovation 2,538,685

Total Expenditures 8,398,880

Balance 0*Numbers Based Upon Architect Contract, Construction Contract And Information From Architect

Capital Funds (Bus)

Estimate Beginning Fund Balance 0

Fleet Renewal FY 2014 36,000Total Revenues 36,000

Total Beginning Fund Balance And Revenues 36,000

ExpendituresBus 36,000

Total Expenditures 36,000

Balance 0

Total RevenuesTotal Revenues

Revenues General Fund Special Revenue

Capital Projects Fund

Enterprise/All Funds

Earmarked/

Internal/Trust Fund Discretionary

State Revenue $14,432,874   $730,024   $15,162,898 100% Earmarked

Federal Revenue $850 $1,656,114     $1,656,964 100% Earmarked

Local Revenue $7,238,266 $1,038,500 $367,222  

$8,643,988 * 33% Earmarked

67% Discretionary

Local: School Sites   $926,306   $872,385 $1,798,691 100% Earmarked

Other Sources $83,428 $76,400    

$159,828 99.8% Earmarked

.2% Discretionary

Indirect Cost/ $387,952 $702,330   $13,000 $1,103,282 ** 89% Earmarked 11% Discretionary

Total Revenue $22,143,370 $4,399,650 $1,097,246 $885,385 $28,525,651  

80% Earmarked $22,791,51320% Discretionary $5,734,138

$28,525,651

Total ExpendituresTotal Expenditures

Expenditures General Fund Special Revenue Capital Projects Fund

Enterprise/All FundsInternal/Trust

Fund

Salaries-Certified $11,163,974 $294,766     $11,458,740

Salaries-Support Staff $2,273,026 $1,035,490     $3,308,516

Substitutes $200,200 $34,000     $234,200

Employee Benefits $4,773,574 $693,804   $5,467,378

Purchased Services, Utilities, Rentals $2,090,391 $521,105   $285,207 $2,896,703

Materials & Supplies $958,024 $1,434,199   $495,480 $2,887,703

Capital Outlay $123,000 $8,025,628   $8,148,628

Other Expenditures $19,551 $125,560   $52,100 $197,211

Debt Expenditure     $409,252   $409,252

Indirect Cost   $272,829     $272,829

Transfer Out $664,630 $73,673   $92,150 $830,452

Total Expenditures $22,143,370 $4,608,426 $8,434,880 $924,937 $36,111,613

Budget Amendment in January 2014

Budget Amendment in June 2014