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Tentative budget all funds

Tentative budget all funds. May 14, 2013 Dr. Phyllis A. Edwards, Superintendent City Schools of Decatur will be one of the top community school systems in the nation. FY14 BUDGET CALENDAR. TENTATIVE BUDGET ALL FUNDS. GENERAL FUND. GENERAL FUND BUDGET. REVENUE ASSUMPTIONS.

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Tentative budget all funds

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  1. Tentative budget all funds May 14, 2013 Dr. Phyllis A. Edwards, Superintendent City Schools of Decatur will be one of the top community school systems in the nation

  2. FY14 BUDGET CALENDAR

  3. TENTATIVE BUDGET ALL FUNDS

  4. GENERAL FUND

  5. GENERAL FUND BUDGET

  6. REVENUE ASSUMPTIONS Tax Revenues • Millage rate remains unchanged at 20.90 • Estimated digest growth of 1.5% • Collection rate of 98% State Revenues • No restoration of, or reduction to, the Amended Formula Adjustment (Austerity Reduction) • Increase to QBE revenues due to enrollment growth and Training and Experience (T & E) • 99% collection rate

  7. SALARY AND BENEFITASSUMPTIONS • 1.25% Salary Increase for all employees • 20 New positions • Certified Health Insurance increase from $10,950 to $11,340/year • Classified Health Insurance increase from $5355 to $7155/year • Teacher Retirement increase from 11.41% to 12.28% for employers • No change to Board Health Insurance Supplement of $940 per employee annually

  8. NON-SALARY AND BENEFIT ASSUMPTIONS • 10% reduction to all non-salary and benefit accounts for a savings of $715,000 • Added an additional $50,000 for Central Office Moving Expenses • Included an increase of $50,000 for the IB Diploma Programme

  9. SPECIAL REVENUE FUNDS

  10. SPECIAL REVENUE FUNDS • Represent grant funding received from state and federal sources • Spent on a reimbursable basis • Budget is determined based on current year allotments and/or preliminary estimates from the grantor

  11. SPECIAL REVENUE FUNDS

  12. CAPITAL FUNDS

  13. CAPITAL FUNDS OVERVIEW • Averaging approximately $277,000 per month in SPLOST receipts • Debt Service Payments on ECLC and Fifth Avenue Elementary • Includes interest payments due on Series 2012 General Obligation Sales Bonds and Series 2013B Bonds • Budgeted expenditures based on projected completion of referendum approved projects

  14. CAPITAL FUNDS BUDGET

  15. SCHOOL NUTRITION FUNDS

  16. SCHOOL NUTRITION REVENUE BUDGET OTHER LOCAL REVENUES 16,900.00 REVENUES FROM SALES 825,219.00 STATE REVENUES 27,000.00 FEDERAL REVENUES 616,000.00 $ 1,485,119.00

  17. SCHOOL NUTRITION EXPENDITURES

  18. Comments and questions

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