Proposed FY2017 Budget

 05/09/2016 – Work/Business
eboard link icon Agenda Item – Proposed FY2017 Budget


.pdf link icon  DCSD Proposed FY2017 Budget – All funds budget
.pdf link icon  Combined Salary and Signing Bonus Proposal

DCSD Proposed FY2017 Budget 

Policy says you can’t have more than 6 funds.

General Fund
FY17 Anticipated Revenue – $955 million
FY17 Estimated Beginning Fund Balance – $124 million
FY17 Budgeted Expenditures – $955 million

Special Revenue – fund used to account for the proceeds of specific revenue sources. This is virtually all grants.

Debt Service
$1.3 million in debt service on $33 million of SPLOST bonds issued a few years ago. Bell believes they all get paid off in 2017.

Capital Outlay – SPLOST funds

TOTAL EXPENDITURES – ALL FUNDS – $1.2 Billion

Page 2

Eliminate all furlough days
School house budget – $654 million
3% Raise for all employees
Growth in teacher allotments


.pdf link icon  Combined Salary and Signing Bonus Proposal

Market midpoint salary analysis for metro Atlanta. 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.

Signing Bonuses – US Department of Education identified hard to fill positions. We also have hard to fill regions.

Page 2 has the matrix

Retention Bonuses – $500


FY2017 DCSD GENERAL FUND BUDGET INCLUDES
Includes 3% raise (full‐time) 19,447,827
Includes Growth in School Teacher Allotments 16,160,634
New Briarcliff/Druid Hills Elem” 2,857,644
Includes Signing Bonuses 870,000
Includes Retention Bonuses 2,900,000
Includes state‐mandated classified health insurance increase 1,840,860
Includes General Fund Contingency account 6,500,000
New Regional Support Initiative and other growth in Discretionary Spending 20,735,439
403b match 4,000,000
Summer School Program 2,170,050
CIA2 1,898,188

Based on 23.73 millage rate.

Plan is a final budget vote on June 21 and adopt a millage rate that day

1.898 million CIA2 – rewrite a fully blown curriculum to be presented in March 2017

65% rule is calculated on actuals. If we spend this budget as it is planned, then we will cross the 65% of the operating budget in the classroom as calculated by the state.

Millage rate relief. In the height of the recession, the board increased the millage rate a full millage point to close the budget gap.

Green: “We have to be mindful of the liabilities, but we should be in a position to have that conversation.”