DCSD Proposed FY2017 Budget
General Operating Fund – Revenues and expenditures increased to $955 million.
Beginning Fund Balance – It is expected that the Beginning Fund Balance (Jul 2016) will be $124 million.
Total Expenditures – Total expenditures in all funds including the General fund, ESPLOST (capital outlay) and grants (special revenue), is $1.2 billion.
You can see more detail at the Proposed FY2017 Budget Presentation page.
The budget includes a 3% raise for all employees, the elimination of all furlough days as well as bonuses for new and current teachers.
Employee Salary Analysis
A market midpoint salary analysis for metro Atlanta was performed. 53.4% of employees are above or at market. With 3% salary increase, we would be at 65.7% at or above the market. Generally speaking, the seasoned employees are typically above market and new employees are typically below market.
A $500 retention bonus for teachers who are currently employed, and sign a contract to teach with DCSD in SY16-17. The retention bonus would be paid in October 2016.
Signing bonus amount for new teachers depends on the region and content area. The US Department of Education identified the following as hard to fill positions: Special Ed, Math, Science, Spanish Teachers
The signing bonus matrix is as follows:
“Classrooms First for Georgia” – Requires, at a minimum, 65% of a system’s total operating funds to be spent in the classroom. DeKalb Schools has never been in compliance with this law.
65% rule is calculated on actuals. If we spend this budget as planned, then we will cross over the 65% threshold for the first time.
Millage rate relief – In the height of the recession, the board increased the millage rate a full millage point to close the budget gap. Last year it was lowered from 23.98 to 23.73 mills. Dr. Green, “We have to be mindful of the liabilities, but we should be in a position to have a [millage rate reduction] discussion.”
Approved FY2017 Budget Highlights
June 22, 2016 – Here are the highlights for the budget and millage rate approved by the DeKalb County Board of Education last night. I was the lone dissenting vote for both the millage rate and the budget.
DeKalb Schools Proposed 2016-2017 Budget
May 13, 2016 – Total expenditures in all funds including the General fund, ESPLOST (capital outlay) and grants (special revenue), is $1.2 billion.