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Florence County School District Three

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

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  1. 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

  2. Ensuring all students are prepared for success 100% College or Career Ready MISSION

  3. 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

  4. 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

  5. Revenue Source Amount Revenue SourceAmount Florence County School District ThreeProjected Revenue Budget 2013-20141st Reading – March 21, 2013 GRAND TOTAL $23,100,948

  6. 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

  7. % of Total Projected ExpendituresFY 2013-2014

  8. 5-Year Trend of 135-day ADM

  9. Projected/Hse W&M 5-Year BSC Trend

  10. FCSD3 School District Assessed Value History

  11. 5-Year General Fund Budget Trend

  12. 5-Year Fund Balance Trend

  13. 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

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