FY 2013 Budget. Supporting the Plan for. Charleston Achieving Excellence & Vision Board of Trustees

Transcription

1 EFFECTIVE TEACHING AND LEADERSHIP FY 2013 Budget Supporting the Plan for Charleston Achieving Excellence & Vision 2016 LITERACY Board of Trustees Mr. Chris Fraser, Board of Trustees - Chair Mrs. Cindy Bohn Coats, Board of Trustees - Vice Chair Mr. Craig Ascue Rev. Chris Collins Ms. Toya Hampton Green Mrs. Elizabeth Kandrac Mrs. Elizabeth Moffly Ms. Elisabeth Ann Oplinger Mr. Brian Thomas Superintendent Dr. Nancy J. McGinley WORLD CLASS SYSTEMS AND SCHOOLS Presented by: Michael Bobby Chief Financial & Operating Officer STRATEGIC PARTNERSHIPS

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3 FISCAL YEAR 2013 PROPOSED BUDGET TABLE OF CONTENTS PAGE Table of Contents... 1 I. OVERVIEW How to Use and Interpret This Document 3 Assumptions Used Throughout the Budget Document...9 Budget Calendar...11 GOF and Debt Service Tax Comparison...13 II. ALL FUNDS Consolidated Budget Statement Revenue and Appropriations Overview...16 Consolidated Budget Statement Expenditure Budget...17 Consolidated Budget Statement Expenditures by Function...19 Consolidated Budget Statement Expenditures by Object...23 Consolidated Budget Statement Expenditures by Location...29 Consolidated Expenditures Greater than $50,000 for Board approval..35 III. GENERAL OPERATING FUNDS Balancing the General Operating Fund Budget...43 General Operating Revenue Line Item Descriptions..44 General Operating Revenue Budget Comparison...46 General Operating Expenditure Graph...47 General Operating Expenditure Budget Comparison.48 Page 1 of 94

4 FISCAL YEAR 2013 PROPOSED BUDGET IV. SPECIAL REVENUE FUNDS TABLE OF CONTENTS Special Revenue Funds Detail Information on Funds 53 Special Revenue Funds Revenue Budget...64 Special Revenue Funds Expenditure Graph...66 Special Revenue Funds Expenditure Budget Comparison...67 V. EDUCATION IMPROVEMENT ACT FUNDS Education Improvement Act Detail Information on Funds 71 Education Improvement Act Funds Revenue Budget...73 Education Improvement Act Funds Expenditure Graph...74 Education Improvement Act Funds Expenditure Budget Comparison...75 VI. FOOD SERVICE FUNDS Food Service Fund Revenue Budget Comparison...79 Food Service Fund Expenditure Graph...80 Food Service Fund Expenditure Budget Comparison...81 VII. DEBT SERVICE FUND Debt Service Fund Budget Summary...84 Debt Service Revenue Budget...85 Debt Service Expenditure Budget...86 Existing Debt Service Principal and Interest...87 VIII. CAPITAL BUILDING FUND Capital Building Fund Budget...91 Page 2 of 94

5 FY 2013 BUDGET COMPILATION HOW TO USE AND INTERPRET THIS DOCUMENT I. OVERVIEW Assumptions (Page 9) Many assumptions go into the budget development process and are the basis for formulating projected revenues and expenditures. These assumptions are continually reviewed and updated throughout the budget development cycle. For example, the legislature changes funding projections for EIA and other State funds, property values are received from the county and student enrollment projections change. With each change the budget is changed to reflect the most up-to-date and accurate information. Budget Calendar (Page 11) Calendar format with key milestones and deliverable dates identified. The budget development process, which is actually developed over an eight month process, starts in November. The process begins with linking key financial resources to strategic key initiatives of the Board and the Superintendent. Budget Summary General Operating and Debt Service (Page 13) An analysis of current year (FY 2012) to projected (FY 2013) for General Operating and Debt Service fund outlines the revenue operations forecasted and the required millage to support the school district proposed budget. II. ALL FUNDS The consolidated section shows the reader a big picture overview of the District s financial resources and planned outlays for the upcoming fiscal year. The various consolidated reports are intended to give the reader a three dimensional view of planned expenditures for the upcoming fiscal year by the School District. Each report stands alone. Each report shows the same data, simply shown in several formats. The reports should not be combined. Consolidated views will show the reader: What the District is expending resources on (salaries, benefits, materials, and supplies) Where the District is expending resources (direct classroom expenditures on faceto-face teaching, student transportation, or instructional support) Who Who in the District, by location, or what department, is expending resources (every school will be reflected as well as central offices) Page 3 of 94

6 FY 2013 BUDGET COMPILATION HOW TO USE AND INTERPRET THIS DOCUMENT Consolidated Budget Statement Revenue and Appropriations Overview (Page 16) A consolidated budget report showing Estimated beginning fund balance (July 1, 2012), projected revenues and expenditures and estimated ending fund balance (June 30, 2013). Columns across the top are reflective of the different type(s) of funds the school district manages: General Operating Fund, Special Revenue Funds, EIA Funds, Food Service Fund, Debt Service Fund, and Capital Projects Funds. Detailed explanations of these funds will be outlined in their respective section of the budget document. Consolidated Budget Statement Expenditure Budget (Page 17) A consolidated report showing district-wide resources in comparative totals showing both current year, FY2012, as well as projected, FY2013. Expenditures are combined and reflected by object (salaries, benefits, supplies & materials, etc.) Expenditure totals reflected here are operating expenditures for one year and exclude both Debt Service and Capital Project expenditures, as these are more typically multi-year, long-term expenditures. Consolidated Budget Statement Expenditures By Function (Page 19) A consolidated budget statement showing all District fund types with expenditures by functional category. Functions include direct face-to-face classroom teaching, Support Services such as Guidance or Media, as well as School Office and Student Transportation. Functions are descriptive of where the school district is expending funds on such as Guidance, Nursing, Media, School Office or Security. Functional expenditures are compiled across all funds, all cost centers, and all objects categories. This report includes a pie chart that graphically depicts the percentage of District total expenditures by fund type. Consolidated Budget Statement Expenditures By Object (Page 23) A consolidated budget statement showing all District fund types with expenditures by object category. Objects include salaries, benefits, supplies, materials, etc., and are descriptive of what the district is expending funds on. Object expenditures are compiled across all funds, all cost centers, and all functional categories. Consolidated Budget Statement Expenditures By Location (Page 29) A consolidated budget statement showing all District fund types with expenditures by Location. Locations, or departments/cost centers, are descriptive of who within the school district (i.e. what department) is expending school district resources. Examples include all schools, central offices and ancillary departments. Location expenditures are compiled across all funds, all functions, and all object categories. Page 4 of 94

7 FY 2013 BUDGET COMPILATION HOW TO USE AND INTERPRET THIS DOCUMENT Board Approval For Procuring Goods and/or Services Exceeding $50,000 (nonsalary items) (page 35) A consolidated listing from Central Staff on anticipated purchases requiring official Board approval. This is in compliance with the District s internal procurement policy, which specifies a $50,000 ceiling requiring Board of Trustee approval before procuring outsourced, contracted services or various types of bulk purchases. Submission of this document will replace the Board of Trustees having to act on each item individually and throughout the year on regular Board agendas. The report is comprised across various funding sources, also disclosed, and represents a combined total of $35 million dollars in prospective goods and services provided to the District. III. GENERAL OPERATING FUND The largest fund of the School District. This fund is used to operate the day-to-day activities of the District. Receipts are primarily from state and local sources while the majority of expenditures are for classroom instruction. Balancing the General Operating Fund Budget (Page 43) An analysis of how the funding gap between anticipated revenue (sources) and projected expenditures (uses) of the general operating fund was accomplished. This page outlines the major areas that were identified and does not include each and every adjustment used in balancing the budget. General Operating Revenue Line Item Descriptions (Page 44) A detailed report of general operating sources of revenues and how the amounts are formulated. Report includes an analysis of local, state and federal GOF revenue sources. General Operating Revenue Budget Comparison (Page 46) An analysis of general operating revenues by line item - with a comparison of current year to projected next year. General Operating Expenditure Graph (Page 47) A summary analysis of original expenditure budget (FY2012) to projected year (FY2013) by object category. Report depicts a graph comparing current year to projected year. General Operating Expenditure Budget Comparison (Page 48) A detailed analysis of general operating fund expenditures by object. The objects are broken down into categories for salaries, fringe benefits, purchased services, materials and supplies, capital outlay, other objects, transfers and reserves. The report shows readers a comparison of current year (FY2012) expenditures to projected (FY2013). Page 5 of 94

8 FY 2013 BUDGET COMPILATION HOW TO USE AND INTERPRET THIS DOCUMENT IV. SPECIAL REVENUE FUNDS Specific state, local and federally-funded programs. Includes various federal programs like Title I and IDEA/Special Education, state programs such as K-5 Lottery Enhancement and new state-mandated EEDA (Economic and Education Development Act) programs, and locally-funded programs such as Medicaid reimbursement, donations from District partners and other District grants not accounted for under state or federal sources. These funds are accounted for separately from the General Operating Fund because they have specific guidelines, criteria or mandates that make it necessary to be able to report on the fund individually. Special Revenue Funds Detail Information on Funds (Page 53) A detailed description of the purpose of each individual fund with the projected allocation for FY2013. This report explains to the reader where and how the resources come to the District and a brief overview of the intent and permitted use of funds by the respective oversight agency. Most of the descriptions have been excerpted from the South Carolina State Funding Manual Guide, with permission. Special Revenue Funds Revenue Budget (Page 64) An analysis of current year (FY2012) original allocations and projected year (FY2013) with a variance column showing change from current year to projected year. Funds that are ending at the end of the current fiscal year are classified as Sunsetting funds and are indicated in red. Newly established funding streams are identified in blue. Special Revenue Funds Expenditure Graph (Page 66) A summary analysis of original expenditure budget (FY2012) to projected year (FY2013) by object category. Report depicts a graph comparing current year to projected year. Special Revenue Funds Expenditure Budget Comparison (Page 67) A detailed analysis of special revenue fund expenditures by object. The objects are broken down into categories for salaries, fringe benefits, purchased services, materials and supplies, capital outlay, other objects, transfers and reserves. The report shows readers a comparison of current year (FY2012) expenditures to projected (FY2013). V. EDUCATION IMPROVEMENT ACT FUNDS Multiple funding streams generated through state-funded programs under EIA. The District is required to keep these funds separated from the General Operating Fund because they have specific guidelines, criteria or mandates that make it necessary to be able to report on the fund individually. Education Improvement Act Detail Information on Funds (Page 71) A detailed description of the purpose of each individual fund with the projected allocation for FY2013. This report explains to the reader where and how the resources come to the District and a brief overview of the intent and permitted use of funds by the South Carolina Department of Education. Most of the descriptions have been excerpted from the South Carolina State Funding Manual Guide, with permission. Page 6 of 94

9 FY 2013 BUDGET COMPILATION HOW TO USE AND INTERPRET THIS DOCUMENT Education Improvement Act Funds Revenue Budget (Page 73) An analysis of current year (FY2012) original allocations and projected year (FY2013) with a variance column showing change from current year to projected year. Funds that are ending at the end of the current fiscal year are classified as Sunsetting funds and are indicated in red. Newly established funding is indicated in blue. Education Improvement Act Funds Expenditure Graph (Page 74) A summary analysis of original expenditure budget (FY2012) to projected year (FY2013) by object category. This report depicts a graph comparing current year to projected year. Education Improvement Act Funds Expenditure Budget Comparison (Page 75) A detailed analysis of EIA fund expenditures by object. The objects are broken down into categories for salaries, fringe benefits, purchased services, materials and supplies, capital outlay, other objects, transfers and reserves. This report shows readers a comparison of current year (FY2012) expenditures to projected (FY2013). VI. CONSOLIDATED FOOD SERVICE FUND This fund is used exclusively to account for school food service activity which provides nutritional meals to students daily. Food Service Fund Revenue Budget Comparison (Page 79) A detailed analysis of the state, local and federal sources of revenues required to support the nutritional program and school cafeterias of the School District. Food Service Fund Expenditure Graph (Page 80) A summary analysis of original expenditure budget (FY2012) to projected year (FY2013) by object category. Report depicts a graph comparing current year to projected year. Food Service Fund Expenditure Budget Comparison (Page 81) A detailed analysis of Food Service fund expenditures by object. The objects are broken down into categories for salaries, fringe benefits, purchased services, materials and supplies, capital outlay, other objects, transfers and reserves. The report shows readers a comparison of current year (FY2012) expenditures to projected (FY2013). VII. DEBT SERVICE FUND The fund used exclusively to account for District debt, both current and long-term repayment. Debt Service Fund Budget Summary (Page 84) A detailed analysis that outlines the beginning fund balance, anticipated sources of revenues, projected expenditures for 2013, and an ending fund or sinking balance. Debt Service Revenue Budget (Page 85) A detailed analysis of sources of revenue for the debt service fund. Page 7 of 94

10 FY 2013 BUDGET COMPILATION HOW TO USE AND INTERPRET THIS DOCUMENT Debt Service Expenditure Budget (Page 86) A detailed analysis of debt payments required based on the repayment schedule of existing debt. This report also includes debt payments required for the fixed cost of ownership projects. Existing Debt Principal and Interest (Page 87) A detailed analysis of Principal and Interest payments on existing structured debt carried out for the next 23 years. VIII. CAPITAL PROJECTS FUND The funds used exclusively to account for long-term capital outlay and construction projects. (Note: Capital funds must be spent on the projects originally intended for in official documents and cannot be spent on the annual costs to operate the school district). This is where the reader can find a list of planned construction of new school buildings and exciting new initiatives like School Classroom Modernization projects. Capital Building Fund Budget (Page 91) Summary list of the projected expenditures on new construction projects, renovations, annual maintenance items and school modernization projects for the next fiscal year only. This report does not indicate the total cost of the project, simply the expected expenditures for FY2013. Page 8 of 94

11 FY2013 BUDGET ASSUMPTIONS Tax Assumptions 1. An estimated operating millage levy of 99.6 mills. This represents a 1 mill increase over FY An estimate debt service millage levy of 27.9 mills. This represents no increase over FY CCSD s Preliminary Index of Tax Paying Ability is.13126, down slightly from the current Charleston is still ranked the wealthiest in the State of the 85 school districts based on the assessed property values. 4. Property value growth was calculated at 2%. The value of a mill used to generate revenue in the General Operating Fund will be $1.858 million, up slightly from the FY2012 value at $1.799 million. The value of a mill used to generate revenue in the Debt Service Fund will be $2.8 million, up slightly from the FY2012 value at $2.691 million. 5. Delinquent tax revenue has been increased to $8 million. State Revenue Assumptions 1. Education Finance Act (EFA) revenue from State has increased by $132 for a Base Student Cost of $2,012. State support is projected at 34% indicating that CCSD will receive $684 for the Base Student Cost of each student. 2. Tier III (Sales Tax Revenue for Operations) revenue increased by $1.6 million. 3. EIA (Teacher Salary & Fringe increase) revenue is projected to be relatively flat with a projected reduction in this revenue line item of $187, The minimum Teacher Salary Schedule has been mandated to increase by 2%. Eligible teachers must also receive a minimum of one step increase. CCSD has committed to increasing teachers by two steps. General Operating Assumptions 1. All employees will receive a Cost of Living Adjustment (COLA) salary increase of 2% as well as a 2 step increase, if eligible. This equates to approximately 6% for teachers types and 5% for non-teaching staff. 2. Furloughs are not built into this budget for any employee category. 3. The District will continue to have eight charter schools. Charter school payments have been adjusted to reflect a 3% inflation factor and updated formula calculations. The result is a decrease in the total projected payments to charter schools by $200,000 due to changes in enrollment and the District s audited revenue amounts. 4. The use of Fund Balance currently projected is $10,879, Federal Stimulus Stabilization Funds have ended and are not reflected in this budget. Page 9 of 94

12 6. Schools that will open in FY2013: North Charleston Creative Arts Elementary Adding 2 nd grade Montessori Community School (new facility) Low Country Tech 7. CCSD anticipates an increase in student enrollment of about 1,300 students. Special Revenue and Education Improvement Act funds Assumptions 1. Special Revenue funds are projected at $67,095, The Education Improvement Act (EIA) funds are projected at $23,555,379 Food Service Fund Assumptions 1. Food Service fund expenditures are projected at $21,253, Food Service budget includes a Board approved price increase for lunch. The respective increase reflects an addition of 10 cents to full-paid lunch meals and is mandated by the Federal Government. This increase reflects ½ of 1% of the total annual Food Service budget. Debt Service Assumptions 1. The Debt Service budget is projected at $82,185, The Debt Service budget includes a proposal to continue to use approximately 2 mills every year for Fixed Cost of Ownership activities. This includes the areas of maintenance, security, technology and FF&E. Capital Projects fund Assumptions 1. The Capital Program budget is projected at $188,533, This budget includes the Building Program (CEEFC), Qualified School Construction Bonds (QSCB), Building Program (One Cent Sales Tax) and the Fixed Cost of Ownership. Page 10 of 94

13 Charleston County School District FY Budget Calendar Revised July 2011 August 2011 September 2011 October 2011 S M T W T F S S M T W T F S S M T W T F S S M T W T F S November 2011 December 2011 January 2012 February 2012 S M T W T F S S M T W T F S S M T W T F S S M T W T F S March 2012 April 2012 May 2012 June 2012 S M T W T F S S M T W T F S S M T W T F S S M T W T F S October 2011 Refine budget development process for FY2013 Review enrollment projection process Revise allocation formulas as needed Refine forms A-H process November 2011 Magnet Application Period Nov. 1 through Dec. 2 Decisions begin with respect to district-wide initiatives Key Strategic Initiatives Current overlays (FY2012) December Magnet applications due to schools from parents 12 Begin enrollment Projection Process 15 District wide initiative preliminary programs identified 16 Magnet acceptance letters sent to parents January Enrollment process distributed to schools 10 Parents notify school of magnet choice 12 Enrollment projections begin to be entered by schools in Data Central January Magnet school verification of enrollment done and submitted 14 Staff allocations due to HR by program managers Gifted & talented Fine Arts orchestra/strings ESOL Nurses 1GA, 3GA, 6GA CD classes EEDA counselors 15 Begin allocation process 16 Enrollment projection template posted to data central for school review and update 24 Board work session preliminary budget facts and process 25 Magnet school verification of enrollment complete Board action on grade configuration changes NCLB transfer application process begins Finance T. Shannon docx 4 FY13 Budget Calendar Page 11 of 94

14 Charleston County School District FY Budget Calendar Board workshop Revised February Review and revision of enrollment projections with Associates, Pupil Accounting & Finance 13 Enrollment projection review by Pupil Accounting and Finance March Allocations are complete for Standard, Magnet & Centrally managed programs (U drive) 15 Send Special Revenue & EIA allocations & matrix to schools (U drive) 30 All budgets due to include staff and non-staff for all locations, all funding sources 30 CRFs complete and received in Budget Office for all locations; note School-based Special Revenue & EIA positions will be sent to HR Allocations from Budgeting for inclusion on staff allocation sheets 3/30 CRFs and point changes will be locked out during this time. Verification and review of budget components will be conducted based on submission of data from schools and offices. NO CHANGES WILL BE ALLOWED BY SCHOOLS OR OFFICES. Teacher contract information compiled and contracts issued for eligible continuing teachers GBE Teacher Evaluation paperwork due to Teacher Evaluation Review of school and department budgets by Superintendent and Chiefs Board workshop Final Teacher Evaluation due to Teacher Evaluation office April 2012 Prepare surplus lists of certified staff 6 Teachers notified of non-renewal contracts and continuing contract teachers on formal evaluation 6 Continuing, Annual and Induction teacher contracts issued as appropriate for funded & authorized positions 9-13 Spring Break 23 Staff allocation sheets complete to include all positions based on original budgets submitted. Send to schools and offices. (U drive) 25 Teacher contracts due back Finance T. Shannon docx May 2012 Board workshop 1-7 Schools meet with HR for pooled positions to determine personnel to fill FTEs 8-11 HR will contact principals regarding notification to classified staff of possible reassignments 29 1 st Reading of Budget June Public Hearing on Budget 11 Teacher contracts sent to Board 18 2 nd Reading of Budget CRF opened for principals to make changes. Begin Rezoning process for FY2014 DUE TO HR Budget Office Pupil Accounting Teacher Evaluation SEND TO Blanche Knake Bill Briggman Lisa Cizler Allen Milburn Celeste Laribo Lori Bates Anita Huggins 4 FY13 Budget Calendar Page 12 of 94

15 CHARLESTON COUNTY SCHOOL DISTRICT Budget Summary-General Operating & Debt Service FY2012 to FY2013 FY2012 FY2013 Budget Budget Variance General Operating $334,307,983 $357,341,794 $23,033,811 Debt Service 82,185,582 82,185,582 0 Total $416,493,565 $439,527,376 $23,033,811 AD VALOREM TAXES REQUIRED FY2012 FY2013 Variance Tax Amount Mills Tax Amount Mills Tax Amount Mills General Operating $177,577, $184,840, $7,263, ¹ Debt Service 75,085, ,108, ,022,922 - Total $252,662, $262,948, $10,285, ¹ Exempt for owner-occupied homeowners Page 13 of 94

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17 Fiscal Year 2013 CONSOLIDATED BUDGET OVERVIEW (ALL FUNDS COMBINED) Page 15 of 94

18 CONSOLIDATED BUDGET STATEMENT FY 2013 The fiscal year 2013 consolidated budget statement presented below is for informational purposes only. While informative, this consolidated statement shows mixed types of funds. It does not represent an operational statement of the District, but merely a total of all budget types within. Estimated Fund Balance 07/01/2012 General Special Revenue EIA Food Services Debt Service Capital Projects $ 29,266,687 $ 0 $ 0 $ 5,320,014 $ 5,939,516 $ 146,266,066 Total $ 186,792,283 Local $ 193,075,224 $ 11,021,427 $ 0 5,592,283 $ 76,785,923 $ 0 $ 286,474,858 State 144,463,589 4,792,530 23,555,379 22, ,920, ,753,498 Federal 281,292 51,216, ,039, ,536,440 Transfers In* 8,641,940 65, , ,606,248 27,913,188 Total Revenue $ 346,462,046 $ 67,095,073 $ 23,555,379 $ 21,253,315 $ 76,785,923 $ 88,526,248 $ 623,677,984 Total Funds Available $ 375,728,733 $ 67,095,073 $ 23,555,379 $ 26,573,329 $ 82,725,439 $ 234,792,314 $ 810,470,267 APPROPRIATIONS: Instructional Services $ 194,798,657 $ 28,257,403 $ 13,922,325 $ 0 $ 0 $ 0 $ 236,978,385 Support Services 134,269,959 26,230,465 2,895,111 19,718, ,533, ,647,186 Community Services 149,941 7,975,042 76, ,201,538 Other Transfers Out 1,640,055 2,890,268 4,948,097 1,534, ,013,130 Payments to Charter Schools 25,733,182 1,741,895 1,713, ,188,368 Contingency Reserves 650, ,000 Debt Service 100, ,185, ,285,582 Capital Projects Total Appropriations $ 357,341,794 $ 67,095,073 $ 23,555,379 $ 21,253,315 $ 82,185,582 $ 188,533,045 $ 739,964,188 Estimated Fund Balance 6/30/2013 $ 18,386,939 $ 0 $ 0 $ 5,320,014 $ 539,857 $ 46,259,269 $ 70,506,079 * EIA Transfers of $5,324,406 are reflected here for Teacher Salaries & Fringe. (General Operating Fund) Page 16 of 94

19 FY2013 EXPENDITURE BUDGET ALL FUNDS CATEGORY FY2012 Original Budget FY2013 Projected Budget Salaries $ 232,218,529 Employee Benefits 73,166,361 Purchased Services 57,214,147 Materials & Supplies 38,695,612 Capital Outlay 493,300 Other Objects 6,336,334 Transfers 38,021,336 Reserves 900,000 $ 243,041,345 81,375,926 57,306,834 36,340,791 44,953 10,273,150 40,212, ,000 GRAND TOTAL $ 447,045,619 $ 469,245,561 FY2012 & FY2013 All Funds Expenditure Comparison Salaries Employee Benefits Purchased Services Materials & Supplies Capital Outlay Other Objects Transfers Reserves FY2012 FY2013 0M 40M 80M 120M 160M 200M 240M 280M Dollar Amount Excludes Debt Service and Capital fund expenditures Page 17 of 94

20 Fiscal Year 2013 CONSOLIDATED BUDGET OVERVIEW (EXPENDITURES BY FUNCTION) Page 18 of 94

21 EXPENDITURES: CHARLESTON COUNTY SCHOOL DISTRICT CONSOLIDATED BUDGET STATEMENT BY FUNCTION FY 2013 General Special Revenue EIA FOOD SERVICE DEBT SERVICE CAPITAL TOTAL Instructional Services Classroom ,798,657 28,257,403 13,922, ,978,385 Instructional Services Totals Support Services $ 194,798,657 $ 28,257,403 $13,922,325 $ 0 $ 0 $ 0 $236,978,385 Pupil Accounting , , ,585,133 Guidance Services 212 8,091,852 3,391, , ,728,272 Health Services 213 3,118,086 3,125,005 55, ,298,837 Psychological Services ,298 1,874, ,755,184 Speech Services , ,184 Improvement of Instruction 221 4,675,399 6,291,016 1,661, ,627,706 Library & Media Services 222 4,796, ,777 39, ,701,712 Supervision of Special Programs ,902 3,722, , ,931,514 Improvement of Instruction - Inservice ,786 1,645, , ,124,637 Board of Trustees & Self Insured Activities 231 3,644, ,644,354 Superintendent 232 2,018, ,018,990 School Office ,028, ,149 53, ,984,069 Student Transportation ,911, ,911,706 Business Offices 252 3,353,392 79, ,433,345 Facility Operations 253 1, ,533, ,534,245 Maintenance/Custodial/Grounds ,963, , ,278,001 Student Transportation ,884, ,208 18, ,419,727 Food Services , ,718, ,758,605 Procurement/Warehouse 257 1,558, ,558,307 Security 258 2,151,927 12, ,164,536 Internal Auditing , ,840 Planning, Evaluation & Research 262 1,107,754 71, ,179,289 Information Services , ,029 Human Resources 264 3,100, , ,257,447 Technology 266 5,479, , ,795,487 Pupil Activity 27X 1,575, , ,772,028 Support Services Totals Community Services $ 134,269,959 $ 26,230,465 $ 2,895,111 $ 19,718,605 $ 0 $ 188,533,045 $371,647,186 Civic Services , ,941 Custody & Care of Children ,333,763 76, ,410,318 Other Community 39X 70,000 1,641, ,711,279 Page 19 of 94

22 EXPENDITURES: CHARLESTON COUNTY SCHOOL DISTRICT CONSOLIDATED BUDGET STATEMENT BY FUNCTION FY 2013 General Special Revenue EIA FOOD SERVICE DEBT SERVICE CAPITAL TOTAL Community Services Totals Transfers $ 149,941 $ 7,975,042 $ 76,554 $ 0 $ 0 $ 0 $ 8,201,538 Payments to State , ,969 Payments to Other Agencies , ,200 Payments to Charter Schools ,733,182 2,454,395 1,822, ,009,926 Transfers to GOF ,839, ,839,039 Transfers to Special Revenue ,855 4, ,055 Transfers to Food Services , ,000 Transfer to GOF - Indirect Costs ,547, ,534, ,082,308 Transfers Totals Debt Service $ 27,373,237 $ 4,632,163 $ 6,661,388 $ 1,534,710 $ 0 $ 0 $ 40,201,498 Debt Service , ,185, ,285,582 Debt Service Totals Reserves $ 100,000 $ 0 $ 0 $ 0 $ 82,185,582 $ 0 $ 82,285,582 Reserves , ,000 $ 650,000 $ 0 $ 0 $ 0 $ 0 $ 0 $ 650,000 GRAND TOTAL $ 357,341,794 $ 67,095,073 $23,555,379 $ 21,253,315 $ 82,185,582 $188,533,045 $739,964,188 Page 20 of 94

23 EXPENDITURES: CHARLESTON COUNTY SCHOOL DISTRICT CONSOLIDATED BUDGET STATEMENT BY FUNCTION FY 2013 General Special Revenue EIA FOOD SERVICE DEBT SERVICE CAPITAL TOTAL (ALL FUNDS COMBINED) FY2013 Expenditure Breakdown by Percent* GOF 48.29% CAPITAL 25.48% DEBT SERVICE 11.11% Food Service 2.87% EIA 3.18% SRF 9.07% *Includes Debt Service and Capital funding Page 21 of 94

24 Fiscal Year 2013 CONSOLIDATED BUDGET OVERVIEW (EXPENDITURES BY OBJECT) Page 22 of 94

25 CONSOLIDATED BUDGET STATEMENT BY OBJECT FY2013 EXPENDITURES General Special Revenue EIA FOOD SERVICE DEBT SERVICE CAPITAL 110 ADMINISTRATIVE SALARY $ 9,754,698 $ 3,101,709 $ 883,668 $ 390,384 $ 0 $ 0 $ 14,130, PRINCIPAL/AST PRINCIPAL SAL 10,703,909 1,233,804 10, ,948, TEACHER/PROFESSIONAL ED SALARY 136,369,548 16,562,033 7,409, ,341, PROFESSIONAL OTHER SALARY 4,891,173 4,620,932 48, ,560, TECHNICAL SALARY 1,585, ,935 84, ,374, TEACHER AST/CLERICAL SALARY 20,458,625 5,132, , , ,751, CRAFTS AND TRADES SALARY 4,272,371 75, ,347, BUS DRIVER/APPRENTICE SALARY 212,554 1, , SERVICE WORK SALARY 720,055 4, ,910, ,634, TEMPO SAL - SUBSTITUTE TEACHER 1,417,105 90,273 1, ,509, TEMPO SAL TEACHER AST/CLERICAL 130,297 11, , , TEMPO SALARY - SERVICE WORK ,597, ,597, OVERTIME SALARY - ADMIN 0 55, , OVERTIME SALARY - T AST/CLER 15, , , OVERTIME SALARY - WORKER 68, , OVERTIME SALARY - SERVICE WORK 21, , , TERMINAL LEAVE 243, , SUPPLEMENTAL SALARY 2,093,080 1,348, , ,607, TERI LEAVE - 2ND ANN LV PAYOUT 60, , GROUP HEALTH AND LIFE INS 18,683,368 3,370, , , ,651, EMPLOYEE RETIREMENT 28,344,826 4,771,065 1,397, , ,341, SOCIAL SECURITY 14,674,694 2,473, , , ,606, UNEMPLOYMENT COMPENSATION TAX 252,530 34,627 9,601 5, , WKRS' COMP - REIMB OTHR FUNDS 103, ,761 76,434 44, , WKRS' COMP - ASSESSMENTS 400, , WRKRS' COMP - PREMIUMS 255, , WRKRS' COMP - MEDICAL PAYMENTS 975, , WRKRS' COMP-SETTLEMENTS/LEGAL 725, , WRKRS' COMP-TTD PAYMENTS 600, , OTHER BENEFITS 28, , PROFESSIONAL/TECHNICAL SRVS 1,999,431 50,253 38, ,088, INSTRUCTIONAL SERVICES 739,582 2,438,500 30, ,208, INSTRUCTIONAL PROGRAMS 44,893 1,147, , ,338, STUDENT SERVICES 0 181, , STAFF SERVICES 1, ,517 TOTAL Page 23 of 94

26 CONSOLIDATED BUDGET STATEMENT BY OBJECT FY2013 EXPENDITURES General Special Revenue EIA FOOD SERVICE DEBT SERVICE CAPITAL 315 MANAGEMENT SERVICES $ 354,306 $ 110,653 $ 0 $ 0 $ 0 $ 0 $ 464, STATISTICAL SERVICES 1, , , AUDIT FEES 285, , LEGAL SERVICES 284,820 10, , PROPERTY SERVICES 10,995, , ,140, PUBLIC UTIL SVS WATER/SEWAGE 1,099,439 8, ,107, SUBSTITUTE DAY PORTERS 38, , REPAIRS AND MAINTENANCE SRVS 1,791,584 30, , ,843, PROPERTY INSURANCE 6,110, ,110, RENTALS/LEASE 307,184 14,283 6, , ADDITIONAL DAY PORTERS 2,666, ,666, COMPUTER LEASE , , OTHER PROPERTY SERVICES 314,930 7, , STUDENT TRANSPORTATION 11,940,669 2,252,460 37, ,230, IN STATE TRAVEL 713, , ,379 49, ,261, CURRICULUM FIELD TRIP TRANSPRT 20, ,800 8, , EXTRA-CURRICULAR FIELD TRIP TR 0 49, , CAR ALLOWANCE/ LIEU OF MILEAGE 57, , OUT OF STATE TRAVEL 48, ,029 49, , OTHER TRANSPORTATION SERVICES 4,500 23, , COMMUNICATION (TELEPHONE) 1,130,763 10, ,141, PAGER/CELL PHONE RENT/MESG SYS 395,334 58, , , TECHNOLOGY PURCHASED SERVICES 2,526, ,407 2,500 15, ,528, ADVERTISING 14,746 18,390 5, , PRINTING AND BINDING 1,555, ,752 43,054 14, ,760, OTHER PROFESS/TECHNICAL SERV. 38, , , OTHER PURCHASED SERVICES 2,013, ,595 18, , ,611, SUPPLIES 3,874,838 6,442,741 2,754, , ,774, POSTAGE 83,087 10,191 5,472 5, , FOOD AND CATERING 63,683 91,189 16, , TEXTBOOKS 5, , LIBRARY BOOKS 91,872 16, , PERIODICALS 30,370 3, , TECHNOLOGY SUPPLIES 314,779 71,766 18,295 15, , TECHNOLOGY SOFTWARE 0 17,832 6,000 42, ,832 TOTAL Page 24 of 94

27 CONSOLIDATED BUDGET STATEMENT BY OBJECT FY2013 EXPENDITURES General Special Revenue EIA FOOD SERVICE DEBT SERVICE CAPITAL 447 TECHNOLOGY COMPUTERS $ 47,784 $ 62,612 $ 7,704 $ 22,000 $ 0 $ 0 $ 140, TECHNOLOGY PERIPHERALS 62, ,547 8,617 2, , FOOD ,406, ,406, USDA COMMODITIES , , COMMODITY DISTRIBUTION CHARGE , , COMMODITY PROCESSING , , ENERGY 12,039,750 40, ,080, FUEL OIL 21, , GASOLINE 632,329 27, , , OTHER SUPPLIES AND MATERIALS 62,955 7, , EIA FUNDS TO BE REDIRECTED ( 895,883) (895,883) 540 EQUIPMENT 22, , TECHNOLOGY EQUIP 6, , , OTHER CAPITAL OUTLAY ,681, ,681, REDEMPTION OF PRINCIPAL ,531, ,531, INTEREST 100, ,053, ,153, ORGANIZATION MEMSHP DUES/FEES 108, , , LIABILITY/TORT INSURANCE 1,056, ,056, LITIGATION AND SETTLEMENTS 200, , OTHER OBJECTS 5,227,618 1,906,746 1,040,122 21,960 18,600,000 19,851,954 46,648, SOLID WASTE FEE 604, , SEQUESTERED FUNDS 0 1, , TRANSFERS TO OTHER FUNDS 1,640,055 4,200 4,839, ,483, TRANSITS/CHARTERS 25,733,182 3,080,365 1,822, ,635, INDIRECT COST 0 1,558, ,534, ,093, CONTINGENCY - STAFFING 500, , CONTINGENCY - NON-STAFFING 150, ,000 GRAND TOTAL $ 357,341,794 $ 67,095,073 $23,555,379 $21,253,315 $ 82,185,582 $ 188,533,045 $ 739,964,188 TOTAL Page 25 of 94

28 CONSOLIDATED BUDGET STATEMENT BY LOCATION FY 2013 Special Revenue FOOD SERVICE DEBT SERVICE General EIA CAPITAL TOTAL EXPENDITURES 0100 Board of Trustees 158, , Office of Superintendent 530, , Prevention/Intervention Services 378,557 34, , , Facility Services 256, , Student Support Services 249, , Payroll 450, , Accounting & Finance 640, , Community Education 648, , ,024, Employee Relations 386, , Bus Lots 88, , Maintenance 1,054, ,054, Food Service Admin ,236, ,236, Communications 542, , Office of General Counsel 439, , Gifted & Talented 144,229 4, , , Plant Operations 354, , Title I Administration 0 4,767, ,767, Fine Arts 75, , , , English as a Second Language 3,900 23, , , Adult Education 188, , , ,308, Organizational Advancement 1,100, , ,239, Various Schools ,533, ,533, Prof Development and Inst. Support 490,129 2,388, , ,499, High School Sports 574, , Community Outreach 344, , , Health Services 189, , , Career & Technology 0 156, , Pupil Accounting 329, , Business Intelligence Mgt 826, , Archives & Records 115, , Security 557, , Internal Audit 289, , Science Office 102,998 44, , Procurement & Supply Management 347, , Early Childhood 101,601 2,520, , ,740,456 Page 26 of 94

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31 CONSOLIDATED BUDGET STATEMENT BY LOCATION FY 2013 Special Revenue FOOD SERVICE DEBT SERVICE General EIA CAPITAL TOTAL EXPENDITURES 0152 Technology $ 175,010 $ 62,048 $ 0 $ 0 $ 0 $ 0 $ 237, Contracts & Transportation 169, , Instructional Technology 304, , , Technology Infrastructure 3,657, , ,828, Human Resources 2,576, ,576, Budgeting 694, , Bridge View Building 423, , HVAC Shop 2,622, ,622, Utilities Management 229, , Plumbing Shop 1,724, ,724, Carpentry Shop 1,961, ,961, Risk Management 296, , Guidance 159, , Office of Exceptional Children 605,211 2,296,249 99, ,001, Accountability/Acad. Outcomes 978, , ,070, Contracts/Procurement Services 282, , Electrical Shop 1,335, ,335, Information Technology 182, , Chief Financial & Operations Office 357, , Distance Education Learning Center 188, , General Services 549, , Financial Services 216, , Calhoun Street Building 325, , District 1 & 2 Constituent Office 769, , , ,254, Mt Pleasant Academy 3,336, ,914 90, , ,865, Mamie Whitesides Elementary 3,771, , , , ,500, Sullivans Island Elementary 2,575, , ,112 96, ,258, Belle Hall Elementary 4,497, , , , ,363, Jennie Moore Elementary 4,214, , , , ,805, Charles Pinckney Elementary 5,105, , , , ,085, Laurel Hill Elementary 7,201, , , , ,063, James B Edwards Elementary 3,660, , , , ,285, Montessori Mt Pleasant Charter 1,820,437 21, , ,962, Laing Middle 3,692,171 55, , , ,125, Moultrie Middle 5,001,181 70, , , ,721,259 Page 29 of 94

32 CONSOLIDATED BUDGET STATEMENT BY LOCATION FY 2013 Special Revenue FOOD SERVICE DEBT SERVICE General EIA CAPITAL TOTAL EXPENDITURES 0247 Thomas C. Cario Middle $ 6,360,068 $ 88,067 $ 433,834 $ 139,365 $ 0 $ 0 $ 7,021, Old Wando Site 12, , Wando High School 20,234, , , , ,571, Wando Community Education 0 385, , Winwood Farms Program 13, , Woodland Hall 0 10, , District 3 & 9 Constituent Office 8,829 44, , Riverland Terrace Maintenance 9, , Harbor View Elementary 3,379, , , , ,872, Stiles Point Elementary 3,993, , , , ,718, Murray Lasaine Elementary 1,716, , , , ,619, James Island Elementary 2,912, , , , ,687, James Island Middle 2,455,971 93,928 49, , ,746, Ft. Johnson Middle 2,935,477 96, , , ,381, James Island Charter High School 11,494, , , , ,996, James Island Community Education 0 227, , Septima P. Clark Academy 1,670,028 50,865 23,383 76, ,820, Apple Charter School 1,169, ,161 75, ,354, Special Education - Assessment & Support 1,427,652 2,847, ,275, District 4 Constituent Office 32, , Sixth Grade McNair Campus 54, , Child & Family Development Center 341, ,844 90, , Chicora Elementary 2,293, , , , ,252, Edmund A. Burns Elementary 2,707, ,224 95, , ,510, Lambs Elementary 2,546, ,056 81, , ,300, Ladson Elementary 3,813, , , , ,274, Midland Park Elementary 2,729, ,486 74, , ,442, North Charleston Elementary 3,629, , , , ,598, North Charleston Creative Arts Elementary 1,177,634 36,518 1, ,215, Malcolm C. Hursey Elementary 2,582, , , , ,389, W. B. Goodwin Elementary 3,707, , , , ,032, Matilda F Dunston Elementary 2,094, , , , ,848, Hunley Park Elementary 2,897, , , , ,610, A C Corcoran Elementary 3,449, , , , ,602, Midland Park Primary 3,097, , , , ,390,691 Page 30 of 94

33 CONSOLIDATED BUDGET STATEMENT BY LOCATION FY 2013 Special Revenue FOOD SERVICE DEBT SERVICE General EIA CAPITAL TOTAL EXPENDITURES 0431 $ 0 $ 139,860 $ 0 $ 0 $ 0 $ 0 $ 139, Mary Ford Elementary 2,418, , , , ,210, Pepperhill Elementary 3,140, , , , ,116, Alice Birney Middle 4,249, ,020 99, , ,263, Brentwood Middle - CLOSED 13, , Morningside Middle School - Boys 1,699, ,654 15, ,281, Morningside Middle School - Girls 2,020, ,454 47, , ,925, Military Magnet Academy 3,819, ,973 81, , ,635, Zucker Middle School 3,191, ,669 69, , ,983, Charleston County School of the Arts 7,517,332 19, , , ,224, Garrett Academy 6,291, ,581 67, , ,388, North Charleston High School 5,084,290 1,223,131 53, , ,624, North Charleston Community Education 0 31, , Stall High School 7,014,961 2,600, , , ,067, Stall Community Education 0 98, , Academic Magnet High School 4,714,454 26, , ,898, Charlestowne Academy - CLOSED 50,546 7, , Greg Mathis Charter School 638,157 1,111,460 70, ,819, Jenkins Academy 2,166,498 50,406 7, , ,333, , , Department of Juvenile Justice 8, , Liberty Hill Academy 3,263, ,112 21, ,109, Special Ed. Dist , , St. James-Santee Elementary 1,783, ,655 65, , ,619, McClellanville Middle - CLOSED 76, , Lincoln High School 2,575, ,939 15, , ,971, Lincoln Community Education 0 8, , District 10 Constituent Office 54,611 33, , St Andrews School of Math & Science 4,360, , , , ,038, Stono Park Elementary 1,935, , , , ,827, Oakland Elementary 3,333, , , , ,325, Orange Grove Charter Elementary 5,767,341 94, , , ,517, Ashley River Elementary 4,216, , , , ,356, Springfield Elementary 3,550, , , , ,358, Montessori Community School Charleston 1,497,551 27,337 33, ,558,186 Page 31 of 94

34 CONSOLIDATED BUDGET STATEMENT BY LOCATION FY 2013 Special Revenue FOOD SERVICE DEBT SERVICE General EIA CAPITAL TOTAL EXPENDITURES 0616 Drayton Hall Elementary $ 3,851,186 $ 446,225 $ 86,317 $ 200,603 $ 0 $ 0 $ 4,584, C. E. Williams Middle 3,517,247 90, , , ,035, West Ashley Middle 2,203, ,799 52, , ,711, St Andrews Middle 3,070, , , , ,711, West Ashley High School 11,846, , , , ,916, West Ashley Community Education 0 134, , , , , , Pattison's Academy Charter 453,973 2,518 35, , Materials Resource Center 2, , District 20 Constituent Office 585, , ,256, District 20 Maintenance Office 548, , Charleston Progressive School 2,169, , , , ,763, Memminger Elementary 2,861, , ,786 9, ,399, James Simons Elementary 1,758, , , , ,358, Archer Campus 44, , Buist Academy 3,399,652 1, ,783 91, ,606, Wilmot J. Fraser Elementary - CLOSED 87, , Julian Mitchell Elementary 2,756, , , , ,645, Sanders-Clyde Elementary 3,623, , , , ,579, Charleston Development Academy Charter 1,395, ,561 95, ,640, Rivers Campus 353, , , , , , Burke High School 5,567,877 2,122,386 82, , ,295, Burke Community Education 0 70, , Charleston Charter School of Math & Science 3,295,130 3, , ,494, , , Special Ed Dist 20/ , , Innovation Zone 539, , , C C Blaney Elementary 1,587, ,633 66, , ,545, Jane Edwards Elementary 1,227,092 89,595 81, , ,510, E. B. Ellington Elementary 2,226, , , , ,892, Minnie Hughes Elementary 1,561, ,343 75, , ,984, R. D. Schroder Middle - CLOSED 219, , Baptist Hill High School 3,799, ,315 36, , ,496, Baptist Hill Community Education 0 104, ,862 Page 32 of 94