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Florence County School District Three. 1 st Reading General Fund Budget Fiscal Year 2013-2014. Dr. V. Keith Callicutt Superintendent Donna D. Sullivan Director for Finance. March 21, 2013. Ensuring all students are prepared for success 100% College or Career Ready. MISSION.

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florence county school district three

Florence County School District Three

1st Reading

General Fund Budget

Fiscal Year 2013-2014

Dr. V. Keith Callicutt

Superintendent

Donna D. Sullivan

Director for Finance

March 21, 2013

slide3

Base Student cost of $2101. (Projected)

  • Projected enrollment of 3,590 based on the 45th day enrollment in FY 2013.
  • Includes a 3.9 mil increase.
  • No additional personnel
  • No furlough days of certified or classified staff.
  • No salary increases other than step increase for teachers.
  • Unknown factors at this time – insurance costs (employee and employer) and employer retirement match.
  • This budget includes a SRO for each school which represents an increase of 6 SRO’s district-wide at a cost of approximately $54,000/each, therefore, the total cost associated with these additional SRO’s is approximately $324,000.
FLORENCE SCHOOL DISTRICT THREESUMMARY OF EXPENDITURES AND REVENUES – GENERAL FUNDFY 2014 PROJECT BUDGET1st Reading– March 21, 2013
slide4

PROPOSED 2014

REVENUES

Local Sources 5,475,500

State Sources 16,950,448

Federal Sources 10,000

TOTAL REVENUES $22,435,948

EXPENDITURES

Current:

Instruction 12,832,112

Supporting Services 10,464,407

Community Services 0

Intergovernmental Expenditures 0

Debt Service:

Principal 56,485

Interest 8,004

TOTAL EXPENDITURES $23,361,008

EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES ______________

_ (925,060)

OTHER FINANCING SOURCES (USES)

Sale of Fixed Assets 0

Use of Fund Balance 0

Operating Transfers In 665,000

Operating Transfers Out (37,000)

TOTAL OTHER FINANCING SOURCES (USES) $628,000

Net Change in Fund Balances _ ($297,060)

Florence County School District ThreeSummary of Expenditures and RevenuesFY 2014 Projected General Fund Budget1st Reading– March 21, 2013

florence county school district three projected revenue budget 2013 2014 1 st reading march 21 2013

Revenue Source Amount Revenue SourceAmount

Florence County School District ThreeProjected Revenue Budget 2013-20141st Reading – March 21, 2013

GRAND TOTAL $23,100,948

slide6

Principal & Assts’ Salary $1,147,050

Teacher Salaries 9,811,251

Nurse/Psychologist Salary 313,000

Administrator Salary 783,757

Aide/Secretary Salary 1,461,519

Bus Driver Salary 241,000

Maint/Cust/Food Svc. Salary 721,682

Salary Supplements 222,050

Sub Pay 120,000

Overtime Pay 29,000

Retiree Unused Sick Leave 5,000

Other Matching 15,850

Matching GL/Retirement 2,252,036

Matching FICA 1,123,335

Matching Dental 55,481

Matching Health 1,782,438

Unemployment Compensation 15,000

Workers’ Comp Insurance 139,575 Technology Equip/Software 10,000

Instructional Services 168,667

Inservice/Workshops 10,098

Management Services 9,500

Data Processing Services 10,732

Bd of Ed-Audit Services 24,000

Legal Services $ 20,000

Water-Sewer Services 48,900

Repairs & Maintenance Ser 346,182 Property Insurance 190,175 Equipment Rental 98,625 Trash Removal 5,400 Student Trans-To/From Sch 28,532 Travel 62,649 Telephone 65,000 Technology Contracts 92,979 Advertising 400 Printing and Binding 7,000 Tuition to Other Entity 14,018 Other Purchase Service 499,497 Supplies/Materials 349,171 Library Books/Materials 25,213 Periodicals 2,400 Technology Supplies 140,600 Utilities-Electricity/Gas 664,600 Equipment 5,000 Interest Penalty Payments 500 Dues & Fees 20,710 Liability/Tort/Insurance 86,470 Litigation & Settlements 15,000 Other Objects 41,300 Appreciation/Refreshments 3,250 Loan Payment 55,417 Transfer of Funds 37,000

FLORENCE COUNTY SCHOOL DISTRICT THREE PROJECTED EXPENDITURE BUDGET 2013-20141st Reading – March 21, 2013

GRAND TOTAL $23,398,008

2012 2013 proposed timeline for budget approval

Thursday, March 21, 2013 1st Reading of

2013-2014 Budget

March 22nd - April 15th , 2013 District Leadership Team

Reviews Potential Cost Saving Measures

Tuesday, April 16th, 2013 1st Public Hearing

Balanced Budget Presented

Tuesday, May 14th, 2012 2nd Public Hearing

Thursday, May 16th, 2012 2nd Reading of

2013-2014 Budget

2012-2013 Proposed Timeline for Budget Approval

All the above-meetings will begin at 6:30 pm

in the District Office Board Room