FY 2011 Budget. Supporting the Plan for. Charleston Achieving Excellence. Board of Trustees

Transcription

1 FY 2011 Budget Supporting the Plan for Charleston Achieving Excellence Board of Trustees Mrs. Ruth Jordan, Board of Trustees - Chair Mr. Raymond Toler, Board of Trustees - Vice Chair Rev. Chris Collins Mr. Chris Fraser Mrs. Toya Hampton-Green Mrs. Elizabeth Kandrac Ms. Elisabeth Ann Oplinger Mr. Arthur Ravenel, Jr. Superintendent Dr. Nancy J. McGinley Final Reading July 1, 2010

2 FISCAL YEAR 2011 BUDGET TABLE OF CONTENTS PAGE Table of Contents... I I. OVERVIEW How to Use and Interpret This Document 1 Assumptions Used Throughout The Budget Document...7 Budget Calendar...9 Budget Development Process Flowchart...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...18 Consolidated Budget Statement Expenditures by Object...21 Consolidated Budget Statement Expenditures by Location...24 Consolidated Expenditures Greater than $50,000 for Board approval..31 III. GENERAL OPERATING FUNDS Balancing the General Operating Fund Budget...38 General Operating Additions and Reductions from prior year General Operating Revenue Line Item Descriptions..41 General Operating Revenue Budget Comparison...43 General Operating Expenditure Graph...44 General Operating Expenditure Budget Comparison.45

3 FISCAL YEAR 2011 BUDGET TABLE OF CONTENTS IV. SPECIAL REVENUE FUNDS Special Revenue Funds Detail Information on Funds 50 Special Revenue Funds Revenue Budget...59 Special Revenue Funds Expenditure Graph...61 Special Revenue Funds Expenditure Budget Comparison...63 V. EDUCATION IMPROVEMENT ACT FUNDS Education Improvement Act Detail Information on Funds 66 Education Improvement Act Funds Revenue Budget...71 Education Improvement Act Funds Expenditure Graph...72 Education Improvement Act Funds Expenditure Budget Comparison...73 VI. FOOD SERVICE FUND Food Service Fund Revenue Budget Comparison...76 Food Service Fund Expenditure Graph...77 Food Service Fund Expenditure Budget Comparison...78 VII. DEBT SERVICE FUND Debt Service Fund Budget Summary...82 Debt Service Revenue Budget...83 Debt Service Expenditure Budget...84 Existing Debt Service Principal and Interest...85 Fixed Cost of Ownership (FCO) and projected use of funds...86 VIII. CAPITAL BUILDING FUND Capital Building Fund Budget...96

4 FISCAL YEAR 2011 BUDGET TABLE OF CONTENTS Capital Budget Execution Strategy IX. SUPPLEMENTAL INFORMATION Salary Schedules FY11 Teacher Salary No Cost of Living increase, No Step increase FY11 Retired Teacher Salary Schedule (reflects 15% reduction from Teacher Scale) FY11 Other District Pay Schedules (Various) History of Millage Operations and Debt Service Index Of Tax Paying Ability Schedules Alphabetically By County Projected Student Enrollment Schedule Enrollment by Constituent District, School and grade Revenue Projections & Millage Changes EFA Revenue Projection General Operating Fund Tax Revenue Calculation Debt Service Fund Tax Revenue Calculation Impact to Taxpayer Charter Schools District-Wide Charter School General Operating Projections. 141 District-Wide Charter School Special Revenue/EIA Projections. 150

5 CONSOLIDATED BUDGET STATEMENT BY LOCATION FY 2011 EXPENDITURES General Special Revenue EIA FOOD SERVICE DEBT SERVICE CAPITAL 0100 Board of Trustees 130, , Office of Superintendent 422, , Prevention/Intervention Services 295, , , , Facility Services 238, , Student Support Services 242, , Payroll 300, , Accounting & Finance 647, , Community Education 138, , , Employee Relations 348, , Bus Lots 79, , Chief Academic Office 512, , Maintenance 837, , Food Service Admin ,072, ,072, Facilities Improvements 505, , Choice Accreditations and Charters 145, , Communications 403, , Construction Procurement 9, , Office of General Counsel 420, , Gifted & Talented 132, , , Plant Operations 326, , Title I Administration 0 4,316, ,316, Fine Arts 73, , , English as a Second Language 0 136, , , Adult Education 235, , , ,080, Organizational Advancement 633, , , Various Schools ,875, ,875, Prof Development and Inst. Support 218,001 1,572, , ,182, Drivers' Education Community Outreach 416, , , Health Services 174, , Career & Technology 105, , , Pupil Accounting 250, , Business Intelligence Mgt 950, , Archives & Records 181, , Security 584, ,918 TOTAL

6 CONSOLIDATED BUDGET STATEMENT BY LOCATION FY 2011 EXPENDITURES General Special Revenue EIA FOOD SERVICE DEBT SERVICE CAPITAL 0141 Internal Audit $270,486 $ 0 $ 0 $ 0 $ 0 $ 0 $ 270, Science Office 91,084 34, , Procurement & Supply Management 344, , Early Childhood 43, , , , Technology 227, , Contracts & Transportation 719, , Instructional Technology 232, , , Technology Infrastructure 3,743, , ,904, Human Resources 1,958, , ,630, Budgeting 623, , Bridge View Building 468, , HVAC Shop 2,626, ,626, Utilities Management 561, , Plumbing Shop 1,716, ,716, Carpentry Shop 2,010, ,010, Risk Management 299, , Guidance 149, , , Office of Exceptional Children 232,179 1,394,266 11, ,637, Accountability/Acad. Outcomes 1,131, , ,506, Contracts/Procurement Services 310, , Electrical Shop 1,176, ,176, Information Technology 185, , Stella Maris St Johns Catholic School Chief Financial & Operations Office 392,181 54, , Title I District-Wide Instruction 0 5,020,284 27, ,047, Distance Education Learning Center 229, , Trident Academy School-to-Career , , General Services 499, , Financial Services 190, , Calhoun Street Building 455, , District 1 & 2 Constituent Office 429, , ,203, Mt Pleasant Academy 3,008, ,952 68, , ,454, Mamie Whitesides Elementary 3,523, , , , ,288,799 TOTAL

7 CONSOLIDATED BUDGET STATEMENT BY LOCATION FY 2011 EXPENDITURES General Special Revenue EIA FOOD SERVICE DEBT SERVICE CAPITAL 0204 Sullivans Island Elementary $2,055,184 $ 287,665 $ 144,681 $ 117,009 $ 0 $ 0 $ 2,604, Belle Hall Elementary 4,095, , , , ,804, Jennie Moore Elementary 3,877, , , , ,488, Charles Pinckney Elementary 4,189, , , , ,169, Laurel Hill Elementary 6,025, , , , ,622, James B Edwards Elementary 3,610, , , , ,320, Montessori Mt Pleasant Charter 1,575, ,041 88, ,897, Laing Middle 3,145,682 71, , , ,582, Moultrie Middle 4,325,014 46, , , ,004, Thomas C. Cario Middle 5,624,977 95, , , ,327, Old Wando Site 141, , Wando High School 18,687,123 1,317, , , ,288, Wando Community Education 0 514, , District 3 & 9 Constituent Office 14,196 26, , Riverland Terrace Maintenance 8, , Harbor View Elementary 3,044, , , , ,627, Stiles Point Elementary 3,544, , , , ,201, Baxter-Patrick Elem Closed 5, , Murray Lasaine Elementary 1,601, , , , ,266, James Island Elementary 3,035, , , , ,760, James Island Middle 2,524, ,263 61, , ,901, Ft. Johnson Middle 2,738, , , , ,319, James Island Charter High School 11,878,809 1,230, , , ,468, James Island Community Education 0 233, , Septima P. Clark Academy 1,851,879 34,513 23,991 53, ,964, Apple Charter School 1,128, ,123 62, ,349, Special Education - Assessment & Support 1,538,671 3,804, ,343, District 4 Constituent Office 163, , , Sixth Grade McNair Campus 2,346, , , ,461, Child & Family Development Center 311, ,242 85, , Chicora Elementary 2,235, , , , ,323, Edmund A. Burns Elementary 2,480, , , , ,564, Lambs Elementary 2,401, , , , ,155, Ladson Elementary 3,465, , , , ,581, Midland Park Elementary 2,056, , , , ,740,637 TOTAL

8 CONSOLIDATED BUDGET STATEMENT BY LOCATION FY 2011 EXPENDITURES General Special Revenue EIA FOOD SERVICE DEBT SERVICE CAPITAL 0418 North Charleston Elementary $3,189,654 $ 442,611 $ 351,913 $ 284,313 $ 0 $ 0 $ 4,268, Malcolm C. Hursey Elementary 2,203, , , , ,227, W. B. Goodwin Elementary 3,080, , , , ,293, Matilda F Dunston Elementary 1,823, , , , ,584, Hunley Park Elementary 2,467, , , , ,311, A C Corcoran Elementary 3,203, , , , ,173, Midland Park Primary 2,546, , , , ,197, Mary Ford Elementary 2,213, , , , ,319, Pepperhill Elementary 3,008, , , , ,953, Alice Birney Middle 3,388, , , , ,528, Brentwood Middle - CLOSED 104,105 30, , Morningside Middle School - Boys 1,591, , , ,406, Morningside Middle School - Girls 1,849, , , , ,890, Military Magnet Academy 3,671, , , , ,794, Zucker Middle School 2,683, ,632 96, , ,355, Charleston County School of the Arts 6,901,806 77, , , ,770, Garrett Academy 6,101, , , , ,160, North Charleston High School 5,204,005 1,852, , , ,705, North Charleston Community Education 0 108, , Stall High School 6,069,677 1,326, , , ,088, Stall Community Education 71, , , Academic Magnet High School 4,285,759 32, , , ,547, Charlestowne Academy - CLOSED 44,196 70, , Greg Mathis Charter School 715, ,087 66, , Chas Co. Discipline School (const) Jenkins Academy 2,152, ,878 15, , ,388, Charleston Place 10,178 19, , Liberty Hill Academy 3,034, ,722 18, ,858, Special Ed. Dist , , St. James-Santee Elementary 1,750, , , , ,422, Porcher Elementary McClellanville Middle - CLOSED 67, , Lincoln High School 2,944, ,073 92, , ,568, Lincoln Community Education 0 85, , District 10 Constituent Office 480, ,231 28, ,140,335 TOTAL

9 CONSOLIDATED BUDGET STATEMENT BY LOCATION FY 2011 EXPENDITURES General Special Revenue EIA FOOD SERVICE DEBT SERVICE CAPITAL 0603 St Andrews School of Math & Science $3,606,087 $ 153,515 $ 244,760 $ 215,310 $ 0 $ 0 $ 4,219, Stono Park Elementary 2,145, , , , ,975, Oakland Elementary 3,051, , , , ,926, Orange Grove Charter Elementary 5,361, , , , ,605, Ashley River Elementary 3,837, , , , ,585, Springfield Elementary 3,160, , , , ,995, Montessori Community School Charleston 1,283,085 25,028 21, ,330, Drayton Hall Elementary 3,512, , , , ,198, C. E. Williams Middle 3,502, , , , ,126, West Ashley Middle 2,661, , , , ,272, St Andrews Middle 3,126, , , , ,696, West Ashley High School 12,510, , , , ,059, West Ashley Community Education 0 240, , Pattison's Academy 504, ,633 31, , Special Education TOPS Program Materials Resource Center 8, , District 20 Constituent Office 310, , , District 20 Maintenance Office 604, , Charleston Progressive School 1,965, , , , ,613, Memminger Elementary 2,547, , , , ,324, James Simons Elementary 1,931, , , , ,882, Archer Campus 22, , Buist Academy 2,911, , , ,172, Wilmot J. Fraser Elementary - CLOSED 71, , Julian Mitchell Elementary 2,440, , , , ,454, Sanders-Clyde Elementary 2,931, , , , ,807, Charleston Development Academy Charter 1,462, ,109 62, ,780, Rivers Campus 104, , , Burke High School 6,713, , , , ,489, Burke Community Education 0 155, , Charleston Charter School of Math & Science 2,906, ,113 83, ,119, New Israel Christian School Special Ed Dist 20/23 316, ,186 9, , Innovation Zone 248, , , C C Blaney Elementary 1,524, , , , ,005,299 TOTAL

10 CONSOLIDATED BUDGET STATEMENT BY LOCATION FY 2011 EXPENDITURES General Special Revenue EIA FOOD SERVICE DEBT SERVICE CAPITAL 0809 Jane Edwards Elementary $1,186,745 $ 114,455 $ 165,225 $ 107,130 $ 0 $ 0 $ 1,573, E. B. Ellington Elementary 1,717, , , , ,352, Minnie Hughes Elementary 1,364, , , , ,753, R. D. Schroder Middle - CLOSED 188, , Baptist Hill High School 4,396, ,400 33, , ,298, Baptist Hill Community Education 0 135, , Angel Oak Elementary 2,280, , , , ,084, Mt. Zion Elementary 1,595, , , , ,137, Edith Frierson Elementary 1,417, , , , ,840, Haut Gap Middle 2,507, , , , ,020, St. John's High School 2,964, , , , ,163, St. John's Community Education 0 120, , School-wide Expenditures 12,237,790 22,747,317 6,293,540 1,227,176 78,892, ,398,241 GRAND TOTAL TOTAL $ 329,548,267 $ 79,875,999 $ 26,560,434 $ 20,070,369 $ 78,892,418 $ 139,875,109 $ 674,822,596

11 FY2010 Budget FY2011 Projected Projected Variance: 1 TOTAL ESTIMATED REVENUES $321,322,883 $309,057,880 $ (12,265,003) 2 TOTAL ESTIMATED EXPENDITURES $321,322,883 $343,740,532 $ (22,417,649) 3 Variance for Revenues & Expenditures $0 ($34,682,652) Changes to Revenue Budgets: ADDITIONS CHARLESTON COUNTY SCHOOL DISTRICT GENERAL OPERATING FUND PRELIMINARY BUDGET Balancing the budget - FY Increase in potential ERATE special revenue funding (transfer-in) $750,000 5 Increase in delinquent taxes to $6 million $2,000,000 6R Potential Fund Balance (use of) $6,907,735 7R Operating Increase - based on 1.6% growth [1.4 mills] $0 8R SFSF - Federal stabilization funding (transfer-in) $10,832,652 9 Fees: {athletic, instructional, magnet school transportation, facilities, Drivers' Ed} $0 $ 500, Additional EFA revenues (with legislative action to freeze the Index of Taxpaying $0 $ 7,200,000 FY2011 Projected Revenue Budget $329,548,267 Changes to Expenditure Budgets: REDUCTIONS Refined estimates and updated source data Staff funding shifts/reductions (greater than 190 day employees) net Extra 11 Duty/EP $300,000 12R Review of large District Outsourced contracts $750,000 Contract days and furloughs 13 Furloughs - all staff (10 days 12-month employees, 5 days all other employees) $5,500, Freeze salary experience STEPS - all but classified $3,100, Freeze salary experience STEPS - Classified $385, Retirees salaries (Teaching staff & Admin 15% less) $187, Freeze positions after 10th day of school (non-classroom) Further reductions 18 Revisit Class Size $0 19 Reduce Elementary level unified/related arts positions; Strings, Drivers' Ed $0 $ 3,500, Contract out Day porters $0 $ 1,000, Central Staff postions or Admin support reductions $80, % reduction to Central Admin non-personnel accounts $690, Freeze travel accounts unless mandated travel $150, Contract out benefits $150, Reallocation of equipment to Capital $200, Non-renewal of one charter school application $750,000 27R Redirect expenditures to other funding sources $1,200,000 28R Reduce increased per pupil from $60 down to $55 $400,000 29R Reduce staffing contingency $250,000 30R Reduce TAN interest expenditures $100,000 TOTAL REDUCTIONS $14,192,265 FY2011 Projected Expenditure Budget $329,548,267 Revenue/Expenditure GAP ($0) R Revised amount on this line from the one presented at 1st reading 11 FY11 Balancing the GOF budget 2nd Reading

12 GENERAL OPERATING FUND BUDGET Additions and Reductions to Budget Projections and Millage at mills FY2010 Projected FY2011 Projected 1 TOTAL ESTIMATED REVENUES $ 320,533,099 $ 309,057,880 2 TOTAL ESTIMATED EXPENDITURES $ 320,533,099 $ 343,740,532 3 Variance for Revenues & Expenditures $0 ($34,682,652) Reductions 4 Computer Lease reduction $ 369,961 5 Reduction in Interest paid on Tax Anticipation Note 600,000 6 Reduction on Litigation/Settlement budgeted expenditures 100,000 7 Media Center collections - funded from FCO 111,295 8 Reduction in VIF Fees 300,000 9 Repurposement of prior year overlays 2,932, Staff funding shifts/reductions in contract length 380, Reduction in large District contracts 750, Furloughs - all staff (10 days for 12-mo/5 days for all others) 5,500, Freeze steps for all employees ($3,485,000) 0 14 Reduce retiree salaries - administrative & teaching staff by 15% 187, % reduction to central office non-personnel accounts 690, Freeze travel accounts unless mandated travel 150, Contract out benefits 150, Reallocation of equipment to Capital 200, Non-renewal of one charter school 750, Expenditures to be redirected to other funding sources 1,200,000 TOTAL REDUCTIONS $ 14,370,728 Additions 21 CD Expansion $ 1,800, Establishment of Employee Assistance Program 125, Salary STEPS-all but classified ($3,500,000) 0 24 Salary STEPS-Classified ($500,000) 0 25 Sixth Grade Academies - expansion 3,100, Establishment of 1st Grade Academies 2,500, Splitting Midland Park Primary and Elementary 1,135, Turn around Schools/Promise Neighborhoods 93, Parent-Link call program 209, Increase in Student Concern Specialist expenditures 230, Establishment of Innovation Zone Associate Superintendent's Office 226, months of Capital Program personnel continency 500, Increase in salaries over prior year - (furlough not yet reflected) 2,950, Health Insurance - change in coverage and premium 1,011, Increase to other employer fringe benefits 1,892, Increase in Utility Costs - additional square footage and rate increase 1,660, Increase in CD supplies - for expansion 60, Increase in CTE supplies budgeted for over prior year 75, Increase in supply allocation from $45 per student to $55 per student 200, Increase in grounds and property services contracts 1,583, Increase in Property Insurance premiums 849, Increase in fire and security services 323, Increase in Water & Sewage 209, Increase in Printing contract (rebate program ended) 250, Increase in Student Transportation contract & route changes 1,538, Increase in projected charter school EFA formula payments 660, Other miscellaneous increases 200,000 TOTAL ADDITIONS $ 23,385,896 FY2011 Projected Expenditure Budget $ 329,548,267

13 LOCAL SOURCES CHARLESTON COUNTY SCHOOL DISTRICT GENERAL OPERATING REVENUE LINE ITEM DETAIL FY 2011 Purpose Statement Projected Allocations Ad Valorem taxes 1110 Revenues generated through property taxes based on a $ 177,577,203 Board-approved millage assessment for eligible property Delinquent taxes 1140 Delinquent taxes paid during the year by residents to 6,000,000 include fines and penalties Interest on Investments 1510 Interest earned on investments and deposits of District 300,000 funds Rentals / Lease 1910 Revenue from the lease or rental of buildings 0 Contributions and Private Donations 1920 Donations from outside District partners to provide for 56,199 various services for schools Receipt of Insurance Proceeds 1993 Receipt from insurance rebates 0 Refund of Prior Year's Expenditures 1950 Refund of prior year's expenditures received after the 50,000 year is closed Miscellaneous (tuition, other, etc.) 1905 Miscellaneous revenue received by the District 100,000 throughout the year Payments from Other Governments 2200 Payments from other Governmental agencies and 5,000 school disricts for services provided to students STATE SOURCES TOTAL LOCAL SOURCES $184,088,402 Handicapped Transportation 3131 State revenue for transporting handicapped students to $ 6,000 and from school who cannot be transported by regular school buses Home Instruction 3132 State revenue for supervising, monitoring or reviewing 0 the education programs of home-schooled students School Bus Driver's Salary 3160 State revenue for reimbursement of bus driver salaries, 1,393,894 limited to the bus driver salary schedule of the State Bus Driver Workers' Compensation 3162 State revenue for bus driver workers' compensation 160,000 costs Employee Benefits 3181 State revenue for retired employees' fringe benefit costs 13,355,282 Other Restricted Grants 3199 NEED CORRECTION - ERROR IN OBJECT 0 DESCRIPTION Education Finance Act 3327 State revenue for each student based on the category of 17,232,340 each student and calculated based on Average Daily Membership as of the 135th day of school Local Property Tax Relief 3810 State revenue sent as reimbursement for property tax exemptions granted for taxpayers on the first $100,000 assessed value of their owner-occupied, 4% eligible property 16,955,781 Homestead Exemption 3820 State revenue sent as reimbursement for property tax 3,541,168 exemptions granted for taxpayers over 65 years old or legally blind or permanently and totally disabled Tier III - Sales Tax 3825 State revenue for Local Property Tax Relief based on 62,688,334 Act 388 granted for eligible property in the form of the one cent sales tax Merchant's Inventory Tax 3830 State revenue sent as reimbursement for property tax 1,948,337 exemptions granted for business inventories Other State Revenue 3992 State revenue to replace former EIA funds for Increasing High School Diploma credits, Excellence in Middle Schools, and Principal Salary and Fringe 1,263,293 Reimbursements

14 GENERAL OPERATING REVENUE LINE ITEM DETAIL FY 2011 Purpose Statement Projected Allocations TOTAL STATE SOURCES $118,544,428 FEDERAL SOURCES Maintenance & Operations 4110 Federal revenue received directly from federal government as reimbursement for funds lost in property taxes by 1) Military occupation of county property that generates no ad valorem taxes or 2) military dependents attending district schools but not paying local property taxes $ 106,861 US Forest Commission Revenues 4992 Federal revenue received directly from federal 174,431 government for their share of the receipts from National Forests within the State OTHER FINANCING SOURCES TOTAL FEDERAL SOURCES $281,292 Transfer from EIA Fund 5230 Interfund transfers from EIA funding sources to General $ 5,512,047 Operating Fund for EIA funds Teacher Salary Increase and Fund related fringe benefits Sale of Fixed Assets 5300 Revenue received from the sale of District assets such 25,000 as land, obsolete or unusable equipment Transfer from Special Revenue Funds 5220 Other transfers - revenues transferred from categorical funding representing ERATE funds and State Stabilization Funding (SFSF) transferred to the General Operating Fund in lieu of revenues 11,896,828 Indirect Costs 5280 Interfund transfers from Special Revenue Funds and Food Service Funds for reimbursement to the General Operating Fund for overhead costs. The percent charged to each fund is formulated by the State Department for each school district. This percent is charged to each allowable fund for all expenditures excluding capital outlay 2,292,535 FUND BALANCE TOTAL OTHER FINANCING SOURCES $19,726,410 Use of Fund Balance 9999 Revenue from the use of District undesignated fund $ 6,907,735 balance TOTAL FUND BALANCE $6,907,735 TOTAL GENERAL FUND REVENUES AND OTHER FINANCING SOURCES $ 329,548,267

15 GENERAL OPERATING REVENUE BUDGET COMPARISON FY2010 TO FY2011 Original FY2010 Budget Projected FY 2011 Budget % of % of FY10 To FY11 Total Total Variance % Variance LOCAL SOURCES Ad Valorem Taxes 180,288, % $ 177,577, % $(2,711,439) (1.50%) Delinquent Taxes 5,000, % 6,000, % 1,000, % Interest on Investments 870, % 300, % (570,000) (65.52%) Rentals / Lease % % % Contributions and Private Donations 56, % 56, % % Receipt of Insurance Proceeds 50, % % (50,000) (100.00%) Refund of Prior Year's Expenditures 50, % 50, % % Miscellaneous (tuition, other, etc.) 100, % 100, % % Payments from Other Governments 5, % 5, % % TOTAL LOCAL SOURCES $ 186,419, % $184,088, % $(2,331,438) (1.25%) STATE SOURCES Handicapped Transportation 12, % $ 6, % $(6,500) (52.00%) Home Instruction 3, % % (3,000) (100.00%) School Bus Driver's Salary 1,693, % 1,393, % (299,446) (17.68%) Bus Driver Workers' Compensation 160, % 160, % % Employee Benefits 15,438, % 13,355, % (2,083,004) (13.49%) Other Restricted Grants % % % Education Finance Act 22,841, % 17,232, % (5,608,887) (24.56%) Local Property Tax Relief 16,955, % 16,955, % % Homestead Exemption 3,541, % 3,541, % % Sales Tax - Tier III 62,517, % 62,688, % 170, % Merchant's Inventory Tax 1,948, % 1,948, % % Other State Revenue % 1,263, % 1,263, % TOTAL STATE SOURCES $ 125,110, % $118,544, % $(6,566,565) (5.25%) FEDERAL SOURCES Maintenance & Operations 106, % $ 106, % $ % US Forest Commission Revenues 174, % 174, % % TOTAL FEDERAL SOURCES $ 281, % $281, % $ % OTHER FINANCING SOURCES Transfer from EIA Fund 5,193, % $ 5,512, % $ 318, % Sale of Fixed Assets 25, % 25, % % Transfer from Special Revenue Funds % 11,896, % 11,896, % Indirect Costs 2,292, % 2,292, % % TOTAL OTHER FINANCING SOURCES $ 7,510, % $19,726, % $ 12,215, % CARRY OVER FUNDS Use of Fund Balance 2,000, % $ 6,907, % $ 4,907, % TOTAL CARRY OVER FUNDS $ 2,000, % $6,907, % $ 4,907, % TOTAL GENERAL FUND REVENUES AND OTHER FINANCING SOURCES $ 321,322, % $ 329,548, % $ 8,225, %

16 FY2011 EXPENDITURE BUDGET GENERAL OPERATING FUND CATEGORY FY2010 Original Budget FY2011 Projected Budget Salaries $ 180,277,798 Employee Benefits 55,748,326 Purchased Services 36,607,736 Materials & Supplies 17,344,929 Capital Outlay 20,500 Other Objects 3,695,199 Transfers 26,728,394 Reserves 900,000 GRAND TOTAL $ 321,322,883 $ 181,385,961 58,230,258 41,333,636 18,234,097 12,769 3,075,739 26,625, ,000 $ 329,548,267 General Operating Expenditure Comparison Salaries Employee Benefits Purchased Services Materials & Supplies Capital Outlay Other Objects Transfers Reserves 0M 40M 80M 120M 160M 200M Dollar Amount FY2010 FY2011

17 FY2011 BUDGET - GENERAL OPERATING FUND EXPENDITURE BUDGET COMPARISON OBJ. NUM. CATEGORY FY2010 ORIGINAL BUDGET FY2011 PROJECTED BUDGET VARIANCE SALARIES 110 ADMINISTRATIVE SALARY $ 7,655,816 $ 8,146,853 $ 491, PRINCIPAL/AST PRINCIPAL SAL 10,588,854 10,609,424 20, TEACHER/PROFESSIONAL ED SALARY 127,016, ,371,202 (1,645,430) 113 PROFESSIONAL OTHER SALARY 4,593,781 4,825, , TECHNICAL SALARY 1,576,346 1,747, , TEACHER AST/CLERICAL SALARY 19,441,817 19,178,783 (263,033) 116 CRAFTS AND TRADES SALARY 4,545,792 4,205,623 (340,170) 117 BUS DRIVER/APPRENTICE SALARY 238, ,848 (1,416) 119 SERVICE WORK SALARY 2,567,733 2,287,837 (279,896) TOTAL REGULAR SALARIES $ 178,225,034 $ 176,610,101 $(1,614,933) 120 TEMPO SALARY - ADMIN $ 57,790 $ 67,157 $ 9, TEMPO SAL - SUBSTITUTE TEACHER 1,959,999 1,857,570 (102,429) 125 TEMPO SAL TEACHER AST/CLERICAL 423, ,787 (34,057) TOTAL SUBSTITUTE & TEMPO SALARIES $ 2,441,632 $ 2,314,513 $(127,119) 134 OVERTIME SALARY - TECHNICAL $ 1,000 $ 0 $(1,000) 135 OVERTIME SALARY - T AST/CLER 83,421 53,922 (29,499) 136 OVERTIME SALARY - WORKER 128, ,750 (27,700) 139 OVERTIME SALARY - SERVICE WORK 60,000 60,000 0 TOTAL OVERTIME SALARIES $ 272,871 $ 214,672 $(58,199) 142 SUPPLEMENTAL SALARY $ 2,288,261 $ 2,246,675 $(41,586) 199 EST STAFF FURLOUGHS&REDUCTIONS $(2,950,000) $ 0 $ 2,950,000 TOTAL SUPPLEMENTAL SALARIES $(661,739) $ 2,246,675 $ 2,908,414 FRINGE BENEFITS 210 GROUP HEALTH AND LIFE INS $ 15,855,780 $ 16,670,286 $ 814, EMPLOYEE RETIREMENT 23,175,301 24,079, , SOCIAL SECURITY 13,371,614 14,112, , UNEMPLOYMENT COMPENSATION TAX 299, ,320 2, WKRS' COMP - REIMB OTHR FUNDS 62,771 81,902 19, WKRS' COMP - ASSESSMENTS 400, , WRKRS' COMP - PREMIUMS 252, ,300 3, WRKRS' COMP - MEDICAL PAYMENTS 975, , WRKRS' COMP-SETTLEMENTS/LEGAL 725, , WRKRS' COMP-TTD PAYMENTS 600, , OTHER BENEFITS 30,889 28,081 (2,808) TOTAL FRINGE BENEFITS $ 55,748,326 $ 58,230,258 $ 2,481,931 PURCHASED SERVICES 310 PROFESSIONAL/TECHNICAL SRVS $ 1,269,977 $ 1,593,625 $ 323, INSTRUCTIONAL SERVICES 1,312, ,500 (460,216) 312 INSTRUCTIONAL PROGRAMS 51,855 65,723 13, STUDENT SERVICES 0 10,000 10, STAFF SERVICES 1,500 1, MANAGEMENT SERVICES 31, , , STATISTICAL SERVICES 1,400 0 (1,400) 318 AUDIT FEES 120, , LEGAL SERVICES 300, ,122 (17,878) 320 PROPERTY SERVICES 9,541,248 10,850,178 1,308, PUBLIC UTIL SVS WATER/SEWAGE 986,640 1,195, , SUBSTITUTE DAY PORTERS 114, ,037 12,094

18 FY2011 BUDGET - GENERAL OPERATING FUND EXPENDITURE BUDGET COMPARISON OBJ. NUM. CATEGORY FY2010 ORIGINAL BUDGET FY2011 PROJECTED BUDGET VARIANCE 323 REPAIRS AND MAINTENANCE SRVS $ 2,088,789 $ 1,964,846 $(123,943) 324 PROPERTY INSURANCE 3,232,798 4,082, , RENTALS/LEASE 509, ,369 (99,305) 326 ADDITIONAL DAY PORTERS 631, , , COMPUTER LEASE 369,961 0 (369,961) 329 OTHER PROPERTY SERVICES 271, ,992 9, STUDENT TRANSPORTATION 9,366,368 10,621,080 1,254, IN STATE TRAVEL 689, ,297 (2,992) 333 CURRICULUM FIELD TRIP TRANSPRT 8,260 9,550 1, CAR ALLOWANCE/ LIEU OF MILEAGE 57,900 64,800 6, OUT OF STATE TRAVEL 59,393 48,240 (11,153) 339 OTHER TRANSPORTATION SERVICES 3,668 5,300 1, COMMUNICATION (TELEPHONE) 915,740 1,093, , PAGER/CELL PHONE RENT/MESG SYS 202, , , TECHNOLOGY PURCHASED SERVICES 2,585,543 2,563,861 (21,682) 350 ADVERTISING 31,184 32,750 1, PRINTING AND BINDING 1,219,850 1,323, , OTHER PROFESS/TECHNICAL SERV. 79,500 54,500 (25,000) 399 OTHER PURCHASED SERVICES 552,793 1,544, ,367 TOTAL PURCHASE SERVICES $ 36,607,736 $ 41,333,636 $ 4,725,900 MATERIALS & SUPPLIES 410 SUPPLIES $ 5,177,124 $ 5,747,177 $ 570, POSTAGE 71,186 88,705 17, FOOD AND CATERING 24,745 54,115 29, TEXTBOOKS 10,710 7,500 (3,210) 430 LIBRARY BOOKS 246, ,215 (111,295) 440 PERIODICALS 25,811 28,370 2, TECHNOLOGY SUPPLIES 453, ,889 13, TECHNOLOGY SOFTWARE 925, ,581 51, TECHNOLOGY COMPUTERS 134, ,190 (11,545) 448 TECHNOLOGY PERIPHERALS 95, ,749 50, ENERGY 9,862,950 11,329,924 1,466, FUEL OIL 15,050 15,010 (40) 472 GASOLINE 295, ,422 11, OTHER SUPPLIES AND MATERIALS 6,200 8,250 2, EIA FUNDS TO BE REDIRECTED $ 0 $(1,200,000) $(1,200,000) TOTAL MATERIALS & SUPPLIES $ 17,344,929 $ 18,234,097 $ 889,168 CAPITAL OUTLAY 540 EQUIPMENT $ 12,000 $ 0 $(12,000) 545 TECHNOLOGY EQUIP 8,500 12,769 4,269 TOTAL CAPITAL OUTLAY $ 20,500 $ 12,769 $(7,731) OTHER OBJECTS 620 INTEREST ON TAN $ 1,600,000 $ 1,000,000 $(600,000) 640 ORGANIZATION MEMSHP DUES/FEES 66,399 73,633 7, LIABILITY/TORT INSURANCE 1,048,000 1,056,800 8, LITIGATION AND SETTLEMENTS 300, ,000 (100,000) 690 OTHER OBJECTS 76, ,086 64, SOLID WASTE FEE 604, ,220 0 TOTAL OTHER OBJECTS $ 3,695,199 $ 3,075,739 $(619,460)

19 FY2011 BUDGET - GENERAL OPERATING FUND EXPENDITURE BUDGET COMPARISON OBJ. NUM. CATEGORY FY2010 ORIGINAL BUDGET FY2011 PROJECTED BUDGET VARIANCE TRANSFERS 710 TRANSFERS TO OTHER FUNDS $ 1,246,973 $ 1,246,973 $ TRANSITS/CHARTERS 25,481,422 25,378,835 (102,587) TOTAL TRANSFERS $ 26,728,394 $ 26,625,807 $(102,587) RESERVES 920 CONTINGENCY - STAFFING 750, ,000 (250,000) 930 CONTINGENCY - NON-STAFFING 150, ,000 0 TOTAL RESERVES $ 900,000 $ 650,000 $(250,000) GRAND TOTAL ALL OBJECTS $ 321,322,883 $ 329,548,267 $ 8,225,384

20 FY 2011 DETAIL INFORMATION ON SPECIAL REVENUE FUNDS FUND NUM. FUND NAME Fund Description and Purpose Brief FY 2011 PROJECTED ALLOCATION 201 TITLE I (84.010) The purpose of this federal fund is to ensure that all children have a fair, equal, and significant opportunity to obtain a high-quality education and reach, at a minimum, proficiency on challenging state academic achievement standards and state academic assessments. This purpose can be accomplished through such means as targeted assistance schools, schoolwide programs, increased parental involvement, and accountability.carryover is limited to no more than 15 percent of the funds allocated to each school district for the current fiscal year. $ 17,138, IDEA Funds may be used only for the excess costs of providing special education and related services for children with disabilities. The excess cost requirement means that a local education agency (LEA) must spend a certain minimum amount for the education of its children with disabilities before IDEA funds are used. This ensures that children with disabilities have at least the same amount spent on them as do children in the LEA taken as a whole. The average minimum amount is determined by utilizing the Excess Cost Worksheets as stated in the IDEA of 2004 federal regulations. These funds must be used to supplement, not supplant, the level of state and local funds expended for the education of children with disabilities. 10,849, PRESCHOOL - FEDERAL (84.173) 207 VOCATIONAL EDUCATION (84.048) 209 DRUG & VIOLENCE PREV (84.186) Funds under this grant shall be used to pay only the excess costs of special education and related services attributable to the education of children with disabilities ages three, four, and five. These funds shall be used to supplement and increase the level of state and local funds expended for the education of children with disabilities ages three, four, and five and in no case to supplant state and local funds. Federal Career and Technology Education (CATE) funds are distributed to the appropriate state education agency in each state based on a statutory formula. Funds are then distributed to local educational agencies (LEAs) or other eligible recipients that have currently approved local plans/applications based on a formula basis. Allocations are intended to support all South Carolina students in public and nonprofit private schools. LEAs must provide comprehensive violence prevention programs and comprehensive alcohol and other drug abuse prevention programs designed for all students. 347, ,276 47, IDEA - STIMULUS This is a 2 year federal pass-through money program(2 year 2,575,306 funding level = $10.8 million) Funds are for use for supplemental special education services 216 IDEA PRESCHOOL -STIMULUS 220 BEFORE & AFTER SCHOOL DAY CARE IDEA Preschool Stimulus - 2 year federal pass-through monies to be used for supplemental special education opportunities for 3, 4 and 5 year olds Before and After School Day Care funds are generated through tutions and fees charged to participants. Expenditures are for Site coordinators and hourly-paid instructors 102,927 3,613,290 Sunsetting Funds Federal Economic Stimulus Funds

21 FY 2011 DETAIL INFORMATION ON SPECIAL REVENUE FUNDS FUND NUM. FUND NAME Fund Description and Purpose Brief FY 2011 PROJECTED ALLOCATION 222 TITLE 1 STIMULUS The purpose of this title is to ensure that all children have a fair, equal, and significant opportunity to obtain a high-quality education and reach, at a minimum, proficiency on challenging state and academic achievement standards and state academic assessments. This purpose can be accomplished through such means as targeted assistance schools, school wide programs, increased parental involvement, and accountability. $ 4,762, TITLE I SCH IMPV STIMULUS The purpose of this title is to ensure that all children have a fair, equal, and significant opportunity to obtain a high-quality education and reach, at a minimum, proficiency on challenging state and academic achievement standards and state academic assessments. This purpose can be accomplished through such means as targeted assistance schools, school wide programs, increased parental involvement, and accountability. 467, st CENTURY COMMUNITY LEARN The South Carolina Department of Education (SCDE) will award grants, subject to the availability of funds, for the purpose of establishing or expanding activities in community learning centers. These grants will be used to: 1) provide academic enrichment opportunities for children, particularly students who attend high-poverty and low-performing schools, and 2) enable students to meet state and local standards in core academic subjects, and 3) offer students a broad array of enrichment activities that can complement their regular academic programs, and 4)offer literacy and other educational services to the families of participating children. 660, SCHOOL IMPV STIMULUS The purpose of these funds is to address the needs of schools 1,723,578 in improvement, corrective action, and restructuring in order to improve student achievement. 237 SCHOOL IMPROVEMENT GRANT 242 EVEN START FAM LITERACY School Improvement, Title I, Part A-REVENUE 4310 (CFDA ), SUBFUND 237 The purpose of this part is a portion of the Title I, Part A federal allocation is awarded to districts identified in school improvement for the purpose of providing assistance in the area(s) that caused these schools to be identified. Purpose is to provide intensive family literacy services and must involve parents and children who are seven years old and under. It is a cooperative effort to help parents become full partners in the education of their children and to assist children in reaching their full potential as learners. 688,839 50,338 Sunsetting Funds Federal Economic Stimulus Funds

22 FY 2011 DETAIL INFORMATION ON SPECIAL REVENUE FUNDS FUND NUM. FUND NAME Fund Description and Purpose Brief FY 2011 PROJECTED ALLOCATION 243 ADULT EDUCATION FEDERAL FISCAL STABILIZATION STIMULUS Funds are allocated to adult education programs in local school districts to provide academic services to adults for (1) adult education and literacy services, including workplace literacy services, (2) family literacy services, and (3) English literacy services. Adult education and literacy services include, but are not limited to, the following: basic-education instruction, preparation for the tests of General Educational Development (GED), the development of academic skills and in contextual workplace basic skills, or the completion of requirements for a high school diploma. In order to be served by an adult education program, an individual must meet the federal definition of an adult education student. In accordance with that definition, students who possess a high school credential may be served if they lack sufficient mastery of basic educational skills to enable them to function effectively in society. The overall goal is to stimulate the economy in the short term and to invest in education and other essential public services to ensure the long-term economic health of the United States. The SFSF should be used to help stabilize the local district budgets and to minimize and avoid reductions in education services, in exchange for the State s commitment to advancing essential education reform in the in very specific areas. $ 164,850 17,554, ED TECH FORMULA The purpose of this fund is to improve student academic achievement through the use of technology in schools, and to assist students in crossing the digital divide by ensuring that every student is technologically literate by the end of eighth grade. 142, E2T2 STIMULUS This fund receives Federal dollars in the total length of two years to improve student academic achievement through the use of technology in schools and to assist students in crossing the digital divide by ensuring that every student is technologically literate. 81, HOMELESS CHILDREN GRANT McKinney Ventno Homeless Grant; a federal grant to provide educational services and opportunities for homeless children 47, TITLE III - ESOL Title III - English as a Second or Other Language (ESOL) Funds may be used for: A) to help ensure that children who are limited English proficient, including immigrant children and youth, attain English proficiency, develop high levels of academic attainment in English, and meet the same challenging state content and student academic achievement standards as all children are expected to meet; and B) to assist all limited English proficient children, including immigrant children and youth, to achieve at high levels in the core academic subjects so that those children can meet the same challenging state academic content and student academic achievement standards as all children are expected to meet. 301,165 Sunsetting Funds Federal Economic Stimulus Funds

23 FY 2011 DETAIL INFORMATION ON SPECIAL REVENUE FUNDS FUND NUM. FUND NAME Fund Description and Purpose Brief FY 2011 PROJECTED ALLOCATION 267 TITLE II IMPROV TCHR QUALITY The Title II, Part A programs focus on preparing, training, and recruiting high-quality teachers and principals, and require districts to develop plans with annual measurable objectives that will ensure that all teachers teaching in core academic subjects are highly qualified. Funds may be used to supplement but not supplant, non-federal funds that otherwise would be used for authorized activities. $ 3,251, EARLY HEAD START This grant is funded through Federal dollars & pass through CDI Agency to help fund child care services for preschoolers consisting per month of no more than ten children at the Navy Station facility PROFOUNDLY MENTALLY HANDICAP Funded by the State, theses funds will help provide supplementary supplies, equipment and transportation for students with Profound Mental Disabilities consistent with state and federal laws and regulations. 299 ROTC The J.R.O.T.C. fund - or Junior Reserve Officers' Training Corp, is a federally-subsidized program that pays for 1/2 of Commissioned and Non-commissioned officers' 12 month contracts; with a requirement that the district match the other 1/2 of annual 12 month salary plus 100% of benefits. The District currently has a combination of Army, Navy, and Air Force at select high schools throughout the county 862, MEDICAID To furnish rehabilitative and related health care services to Medicaid eligible school children such as Speech-Language Pathology, Audiology, Physical Therapy, Occupational Therapy, Psychological Services, Orientation and Mobility and Nursing Services of children under 21 of age. 1,559, CHILDREN IN CRISIS-SUPERINTND This fund is created to provide a means by which the Superintendent of Charleston County School District can support the needs of children in the District. The needs would be identified as critical and/or generated by crises that the child/children could not otherwise resolve. This fund then provides the means by which resources can be placed back in the hands of our most needed youth. 813 TESP W/ DREXEL This fund is a five year grant which started in 2009 and funded by US Department of Education through Drexel University to provide funding to support Charleston County School District project called Transition to Teaching Eastern and Southern Partnership which is coordinated through CCSD HR Department SAT/ACT IMPROVEMENT Purpose is to support student programs that will have a direct - impart with the student s achievement on the college entrance examinations. 825 SC GEARUP This program is a six year grant awarded by the U.S. Department of Education to work with high school that targeted 7th graders in 2005 to create a multi-pronged approach for educating and supporting students aiming for higher education. 460,951 6,088 - Sunsetting Funds Federal Economic Stimulus Funds

24 FY 2011 DETAIL INFORMATION ON SPECIAL REVENUE FUNDS FUND NUM. FUND NAME Fund Description and Purpose Brief FY 2011 PROJECTED ALLOCATION 827 ADVANCED PLACEMENT INCENTIVE This program is designed to increase school wide learning and performance. The mission is to ensure that all students, and most especially the least served students in the middle capable of completing a college preparatory path. 833 TUITION KINDERGARTEN Purpose is to expand present kindergarten programs which are - funded through tuition costs. 834 ABC CHILD CARE This program is designed to provide child care through State & 25,000 Local funding. 839 GIFTED/TALENTED TUITION Student generated funds to pay fees for students to attend 38,576 various gifted/talented programs. 841 HEAD START COLLABORATION Head Start is a national program designed to fund child development classes for children 3 to 5 years old to promote school readiness by enhancing the social and cognitive development of children through the provision of educational, health, nutritional, social and other services to enrolled children and families. $ - 945, EHS ARRA EXPANSION The purpose of this funding is to pay the salaries and benefits of 68,644 the administrators who manage the Head Start Child and Family Development Program. 844 MISC DONATIONS Miscellaneous donations to the District to fund various activities 115, PIRC w/tuw This program is funded by the Trident United Way & SC Voices for Children to help design the Parent Information and Resource Center to help pass through information to CCSD parents and provide Home Visitor support to parents in an one-on-one setting to provide skills for parents to effectively teach reading skills to their child. 97, MSSC PROJECT This is a pilot program that is funded through the donation of the Medical Society of South Carolina to help evaluate, students and teachers on three levels of potential wellness outcomes: reaction, learning and behavior through nutrition and fitness COMMUNITY EDUCATION Purpose is to effectively deliver a variety of educational, recreational, cultural enrichment-type programs through a system which utilizes school facilities as the hub of activity and funded by tuition costs & local funds. 1,479, TEACHER QUALITY ENHANCEMENT This project is supported by a Federal dollars from U.S. Department of Education with the primary goal is the development of a highly qualified teaching force that reflects the diversity of the state s population. 861 ADULT EDUCATION LOCAL This is money transferred from District General Operating Fund 235,000 (GOF) as support of Adult Education programs throughout the District - Sunsetting Funds Federal Economic Stimulus Funds

25 FY 2011 DETAIL INFORMATION ON SPECIAL REVENUE FUNDS FUND NUM. FUND NAME Fund Description and Purpose Brief FY 2011 PROJECTED ALLOCATION 862 WORLD MONUMENT FUND This project provides funding for development and implementation of Restoration High School in Charleston which will give students an appreciation for and an in-depth understanding of the importance of conserving buildings and landmarks within the community/city and falls under the architecture and construction career cluster based in part on the Preservation Arts & Technology High School program at American College of the Building Arts. $ BROAD INTERN Funding contributed to the District from the National Broad Foundation - a nationally reknowned not-for-profit organization. These funds are contributed in support of 1/2 of the annual Broad resident position 54, PTSA FUNDS This funding is sent into the District for deposit to enable PTSA 5,969 purchases through District state contract channels 868 MUSC EARLY INTERVENTION PRG Funds contributed to District from MUSC partner. Funds a portion of salaries/benefits for Prevention & Intervention Services 869 ERATE FUNDS The Schools and Libraries Program of the Universal Service Fund, commonly known as E-Rate is administered by the Universal Service Administrative Company (USAC) under the direction of the Federal Communications Commission (FCC), and provides discounts to assist most schools and libraries in the United States to obtain affordable telecommunications and Internet access. It is one of four support programs funded through a Universal Service fee charged to companies that provide interstate and/or international telecommunications services. The Schools and Libraries Program supports connectivity - the conduit or pipeline for communications using telecommunications services and/or the Internet. Funding is requested under four categories of service: telecommunications services, Internet access, internal connections, and basic maintenance of internal connections. Discounts for support depend on the level of poverty and the urban/rural status of the population served and range from 20% to 90% of the costs of eligible services. Eligible schools, school districts and libraries may apply individually or as part of a consortium. Funds generated by this funding source can be used at the discretion of the District. 1,000, CORNERSTONE MEDICAID NURSES 905 CAREER & TECHNOLOGY EQUIP Funds generated through Medicaid remibursement claiming. Provides additional nurses and nursing services throughout the District and District school locations The General Assembly provides funds in the annual General Appropriation Act for the purchase of equipment for CTE training. In the Local Plan for Career and Technology Education submitted annually to the Office of Career and Technology Education, school districts identify the courses for which equipment will be purchased. The highest priority in funding must be given to job preparatory and occupational proficiency programs , ,374 Sunsetting Funds Federal Economic Stimulus Funds

26 FY 2011 DETAIL INFORMATION ON SPECIAL REVENUE FUNDS FUND NUM. FUND NAME Fund Description and Purpose Brief FY 2011 PROJECTED ALLOCATION 908 REFURBISHING SCIENCE KITS Funds appropriated for the purchase of textbooks and other instructional materials may be used for reimbursing school districts to offset the costs of refurbishing science kits on the state-adopted textbook inventory. $ 239, ADEPT School districts must develop and implement induction programs for induction-contract teachers based on the ADEPT guidelines. Such programs should provide teachers with comprehensive guidance and mentoring support during their first year in the profession. To receive funds, districts must report their certified induction-contract teachers to the South Carolina Department of Education by February 15. Disallowed expenditures include the regular district salary and employee benefits for an ADEPT coordinator. Allowed expenditures include any costs associated with assisting, developing, and/or evaluating teachers through the ADEPT process (e.g., substitute teacher reimbursement, materials, resources, workshops). Salary supplements and stipends to provide for an ADEPT coordinator are allowed costs. 127, ADULT EDUCATION BASIC The purpose of the initiative is to provide additional services to the increasing number of year old students who enroll in school district adult education programs pursuing a high school or GED diploma. 9, EDUCATION & ECONOMIC DEV ACT This program is designed to decrease the number of overage student, to decrease the drop out rate and to increase the graduation rate /9TH GRADE AWARENESS Funds are to provide sixth, seventh, eighth, and ninth grade students with career interest inventories and career information and resources to assist them in selecting a preferred cluster of study EEDA CAREER SPECIALISTS These funds may only be used for salary and benefits for career specialist to meet the student to guidance personnel ratio of the Education and Economic Development Act (EEDA). Career specialists were funded for middle schools and high schools in Districts have the flexibility to move the allocated FTEs between eligible schools within the district to achieve the ratio. 1,233, ELEM SCHOOL NURSES Grants provided through this grant must be used only to improve South Carolina s school health services infrastructure by placing full-time licensed nurses in elementary public schools. These funds move schools closer to meeting the national standards of having a full-time licensed nurse for every school, with a minimum of one registered nurse for every 750 students in the general school population, one registered nurse for every 225 students in the mainstreamed population, one registered nurse for every 125 students in severely chronically ill or developmentally disabled populations, and additional registered nurses based on individual student needs in medically fragile populations. 1,173,203 - Sunsetting Funds Federal Economic Stimulus Funds

27 FY 2011 DETAIL INFORMATION ON SPECIAL REVENUE FUNDS FUND NUM. FUND NAME Fund Description and Purpose Brief FY 2011 PROJECTED ALLOCATION 937 STUDENT HEALTH & FITNESS 960 K-5 ENHANCEMENT PROGRAM Beginning in the school year, students in kindergarten through fifth grade must be provided a minimum of one hundred fifty minutes a week of physical education and physical activity. Beginning with the school year, the student to certified physical education teacher ratio in the elementary schools of the State must be 500 to 1. The student to teacher ratio in physical education may not exceed the average ratio of 28 to 1. The certified physical education teacher to student ratio is designed to provide students in kindergarten through fifth grade with scheduled physical education either every day or on alternate days throughout the school year and must be based on the South Carolina Physical Education Academic Standards. During each year of implementation of the reduced student to teacher ratio, each district shall report to the South Carolina Department of Education by June 15 the number of minutes of physical education instruction and physical activity minutes. The report must be listed by elementary school and by individual class and grade level. Each district shall make every effort to ensure that elementary schools in its district have age appropriate equipment and facilities to implement the physical education standards. Each district will receive a base amount and an additional per pupil allocation based on the K day ADM. An additional allocation will be generated by those schools that received an absolute rating of unsatisfactory in 2006 and/or has an instructional coach working in partnership with the Office of Academic Standards. Section of the South Carolina Code of Laws requires the SCDE to implement a schoolwide program to enhance the teaching of the grade-specific standards adopted by the State Board of Education and to improve the teaching of the standards and the academic performance of K 5 students in the core academic areas of reading, mathematics, social studies, and science. These funds must be used to supplement and not supplant existing K 5 academic programs. The program shall include an evaluation component to measure the success of the effort to increase student performance and the teaching of the standards. $ 445,047 2,477, ENHANCEMENT Each district will receive a base amount and an additional per pupil allocation based on the day ADM. These funds must be used to enhance the teaching of the grade-specific standards adopted by the State Board of Education and to improve the teaching of the standards and the academic performance of 6 8 students in the core academic areas of reading, mathematics, social studies, and science. Funds are to supplement and not supplant existing 6 8 academic programs. Recipients of these funds shall implement an evaluation component to measure the success of the efforts to increase student performance and the teaching of the standards. 97,553 Sunsetting Funds Federal Economic Stimulus Funds

28 FY 2011 DETAIL INFORMATION ON SPECIAL REVENUE FUNDS FUND NUM. FUND NAME Fund Description and Purpose Brief FY 2011 PROJECTED ALLOCATION 982 ESL FOR PARENTS (FIRST STEPS) 984 FIRST STEPS - COORDINATORS The purpose for this allocation is to develop and increase English language proficiency in a family-centered education program that integrates adult ESOL, child development, and parent/child interaction activities. The purpose for this allocation is to pay salaries and fringes for coordinators in the First Steps Program. $ - 430,395 $ 79,875,999 Sunsetting Funds Federal Economic Stimulus Funds

29 FUND NUM. CATEGORY CHARLESTON COUNTY SCHOOL DISTRICT FY2011 REVENUE BUDGET SPECIAL REVENUE FUNDS FY2010 ORIGINAL BUDGET FY2011 PROJECTED BUDGET VARIANCE 201 TITLE I (84.010) $ 18,004,308 $ 17,138,587 $(865,721) 203 IDEA 9,545,496 10,849,426 1,303, PRESCHOOL - FEDERAL (84.173) 326, ,995 21, VOCATIONAL EDUCATION (84.048) 906, ,276 21, DRUG & VIOLENCE PREV (84.186) 200,000 47,582 (152,418) 215 IDEA - STIMULUS 5,404,401 2,575,306 (2,829,095) 216 IDEA PRESCHOOL -STIMULUS 236, ,927 (134,070) 220 BEFORE & AFTER SCHOOL DAY CARE 5,544,551 3,613,290 (1,931,261) 222 TITLE 1 STIMULUS 9,952,808 4,762,254 (5,190,554) 223 TITLE I SCH IMPV STIMULUS - 467, , st CENTURY COMMUNITY LEARN 666, ,659 (5,374) 226 SCHOOL IMPV STIMULUS - 1,723,578 1,723, SCHOOL IMPROVEMENT GRANT 450, , , EVEN START FAM LITERACY ,338 50, ADULT EDUCATION FEDERAL , ,850 (27,054) 250 FISCAL STABILIZATION STIMULUS - 17,554,985 17,554, ED TECH FORMULA 142, , E2T2 STIMULUS 175,410 81,830 (93,580) 256 HOMELESS CHILDREN GRANT ,000 47,769 (12,231) 264 TITLE III - ESOL 248, ,165 52, TITLE II IMPROV TCHR QUALITY 2,989,401 3,251, , EARLY HEAD START 67,200 - (67,200) 294 PROFOUNDLY MENTALLY HANDICAP 6,088 6, ROTC 809, ,644 52, MEDICAID 1,428,571 1,559, , CHILDREN IN CRISIS-SUPERINTND 13,908 - (13,908) 813 TESP W/ DREXEL 120,050 - (120,050) 814 SAT/ACT IMPROVEMENT 8,888 - (8,888) 825 SC GEARUP 405, ,951 55, ADVANCED PLACEMENT INCENTIVE 714,382 - (714,382) 833 TUITION KINDERGARTEN 23,930 - (23,930) 834 ABC CHILD CARE 25,000 25, GIFTED/TALENTED TUITION 38,576 38, HEAD START COLLABORATION 492, , , EHS ARRA EXPANSION 70,072 68,644 (1,428) 844 MISC DONATIONS 26, ,863 89, PIRC w/tuw - 97,012 97, MSSC PROJECT 10,124 - (10,124) 855 COMMUNITY EDUCATION 1,646,076 1,479,882 (166,194) 857 TEACHER QUALITY ENHANCEMENT 41,064 - (41,064) Sunsetting Funds Federal Econcomic Stimulus Funds

30 FUND NUM. CATEGORY CHARLESTON COUNTY SCHOOL DISTRICT FY2011 REVENUE BUDGET SPECIAL REVENUE FUNDS FY2010 ORIGINAL BUDGET FY2011 PROJECTED BUDGET VARIANCE 861 ADULT EDUCATION LOCAL $ 235,000 $ 235,000 $ WORLD MONUMENT FUND 56,369 - (56,369) 863 BROAD INTERN 56,369 54,521 (1,847) 865 PTSA FUNDS - 5,969 5, MUSC EARLY INTERVENTION PRG 22,752 - (22,752) 869 ERATE FUNDS - 1,000,000 1,000, CORNERSTONE MEDICAID NURSES 910, ,985 (16,783) 905 CAREER & TECHNOLOGY EQUIP 293, , REFURBISHING SCIENCE KITS - 239, , ADEPT 97, ,058 29, ADULT EDUCATION BASIC 11,000 9,855 (1,145) 926 EDUCATION & ECONOMIC DEV ACT 37,700 - (37,700) 927 8/9TH GRADE AWARENESS 41,519 - (41,519) 928 EEDA CAREER SPECIALISTS 1,373,090 1,233,085 (140,006) 936 ELEM SCHOOL NURSES 1,902,168 1,173,203 (728,965) 937 STUDENT HEALTH & FITNESS 447, ,047 (2,034) 960 K-5 ENHANCEMENT PROGRAM 2,029,700 2,477, , ENHANCEMENT 106,875 97,553 (9,322) 982 ESL FOR PARENTS (FIRST STEPS) 41,221 - (41,221) 984 FIRST STEPS - COORDINATORS 426, ,395 3,921 $69,083,038 $ 79,875,999 $ 10,792,961 Sunsetting Funds Federal Econcomic Stimulus Funds

31 FY2011 EXPENDITURE BUDGET SPECIAL REVENUE FUNDS CATEGORY FY2010 Original Budget FY2011 Projected Budget Salaries $ 32,905,328 Employee Benefits 10,066,640 Purchased Services 11,112,852 Materials & Supplies 6,779,283 Capital Outlay 64,870 Other Objects 4,307,752 Transfers 3,846,314 GRAND TOTAL $ 69,083,038 $ 34,836,550 10,212,467 7,334,764 19,692,359 14,700 3,264,210 4,520,949 $79,875,999 Special Revenue Expenditure Comparison Salaries Employee Benefits Purchased Services Materials & Supplies Capital Outlay Other Objects Transfers 0M 5M 10M 15M 20M 25M 30M 35M Dollar Amount FY2010 FY2011

32 FY 2011 BUDGET COMPILATION HOW TO USE AND INTERPRET THIS DOCUMENT I. OVERVIEW Assumptions (Page 7) 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 9) 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 Development Process Flowchart (Page 11) See the six month budget development process laid out in a flow chart format. The process starts in December with projecting student enrollment and filters through to ultimate teacher contract issuance from Human Resources in May. Any good budget preparation document will outline key milestones and deliverables in the budget development process to assist with timely and accurate completion. This, coupled with the budget calendar enable the District to manage the development of a budget that exceed half a billion dollars. Budget Summary General Operating and Debt Service (page 13) An analysis of current year (FY 2010) to projected (FY 2011) 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.

33 FY 2011 BUDGET COMPILATION HOW TO USE AND INTERPRET THIS DOCUMENT 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) Consolidated Budget Statement Revenue and Appropriations Overview (Page 16) A consolidated budget report showing Estimated beginning fund balance (July 1, 2010), projected revenues and expenditures and estimated ending fund balance (June 30, 2011). 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, FY2010, as well as projected, FY2011. 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 18) 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 are 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 21) 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.

34 FY 2011 BUDGET COMPILATION HOW TO USE AND INTERPRET THIS DOCUMENT Consolidated Budget Statement Expenditures By Location (Page 24) 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. Board Approval For Procuring Goods and/or Services Exceeding $50,000 (nonsalary items) (page 31) (New from FY continued) see 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 $22 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 38) 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 Additions and Reductions from Prior Year (Page 39) An analysis that reflects both Programmatic, Academic and Operational additions and deletions planned from prior year (FY2010) to current year (FY2011). Details here also reflect changes that are going about both internally within the District (example the planned addition of 1 st Grade and 6 th Grade Academies) as well as unavoidable external changes to the district (example increase in utilities or fuel costs) General Operating Revenue Line Item Descriptions (Page 41) 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 43) An analysis of general operating revenues by line item - with a comparison of current year to projected next year.

35 FY 2011 BUDGET COMPILATION HOW TO USE AND INTERPRET THIS DOCUMENT General Operating Expenditure Graph (Page 44) A summary analysis of original expenditure budget (FY2010) to projected year (FY2011) by object category. Report depicts a graph comparing current year to projected year. General Operating Expenditure Budget Comparison (Page 45) 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 (FY2010) expenditures to projected (FY2011). 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 50) A detailed description of the purpose of each individual fund with the projected allocation for FY2011. 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 59) An analysis of current year (FY2010) original allocations and projected year (FY2011) 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 (like federal stimulus monies) are identified in blue. Special Revenue Funds Expenditure Graph (Page 61) A summary analysis of original expenditure budget (FY2010) to projected year (FY2011) by object category. Report depicts a graph comparing current year to projected year. Special Revenue Funds Expenditure Budget Comparison (Page 62) 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 (FY2010) expenditures to projected (FY2011).

36 FY 2011 BUDGET COMPILATION HOW TO USE AND INTERPRET THIS DOCUMENT 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 66) A detailed description of the purpose of each individual fund with the projected allocation for FY2011. 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. Education Improvement Act Funds Revenue Budget (Page 71) An analysis of current year (FY2010) original allocations and projected year (FY2011) 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 72) A summary analysis of original expenditure budget (FY2010) to projected year (FY2011) by object category. This report depicts a graph comparing current year to projected year. Education Improvement Act Funds Expenditure Budget Comparison (Page 73) 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 (FY2010) expenditures to projected (FY2011). 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 76) 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 77) A summary analysis of original expenditure budget (FY2010) to projected year (FY2011) by object category. Report depicts a graph comparing current year to projected year. Food Service Fund Expenditure Budget Comparison (Page 78) 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 (FY2010) expenditures to projected (FY2011).

37 FY 2011 BUDGET COMPILATION HOW TO USE AND INTERPRET THIS DOCUMENT 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 82) A detailed analysis that outlines the beginning fund balance, anticipated sources of revenues, projected expenditures for 2011, and an ending fund or sinking balance. Debt Service Revenue Budget (Page 83) A detailed analysis of sources of revenue for the debt service fund. Debt Service Expenditure Budget (Page 84) 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 85) A detailed analysis of Principal and Interest payments on existing structured debt carried out for the next 23 years. Fixed Cost of Ownership (FC0) (Page 86) Detailed information on the projected projects and planned use of fixed cost of ownership (FCO) funding. The FCO program is supported through the assessment of mils on the debt-service side. 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 96) 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 FY2011. Capital Budget Execution Strategy (Page 98) A complete view of the capital building plan.

38 FY2011 BUDGET - SPECIAL REVENUE FUNDS EXPENDITURE BUDGET COMPARISON OBJ. NUM. CATEGORY FY2010 ORIGINAL BUDGET FY2011 PROJECTED BUDGET VARIANCE SALARIES 110 ADMINISTRATIVE SALARY $ 2,706,217 $ 2,964,362 $ 258, PRINCIPAL/AST PRINCIPAL SAL 931, ,042 (69,877) 112 TEACHER/PROFESSIONAL ED SALARY 19,619,443 21,235,887 1,616, PROFESSIONAL OTHER SALARY 5,198,869 4,997,173 (201,696) 114 TECHNICAL SALARY 461, , , TEACHER AST/CLERICAL SALARY 2,275,611 2,551, , BUS DRIVER/APPRENTICE SALARY 16,000 12,400 (3,600) 119 SERVICE WORK SALARY (500) TOTAL REGULAR SALARIES $ 31,210,006 $ 33,270,689 $ 2,060, TEMPO SALARY - ADMIN $ 20,000 $ 30,000 $ 10, TEMPO SAL - SUBSTITUTE TEACHER 16,085 25,900 9, TEMPO SAL TEACHER AST/CLERICAL 112, ,716 84,873 TOTAL SUBSTITUTE & TEMPO SALARIES $ 148,928 $ 253,616 $ 104, OVERTIME SALARY - T AST/CLER 444, ,631 (103,635) 137 OVERTIME SALARY - BUS DR/APN 5,500 1,000 (4,500) 139 OVERTIME SALARY - SERVICE WORK 136, ,500 (2,000) TOTAL OVERTIME SALARIES $ 586,266 $ 476,131 $(110,135) 140 TERMINAL LEAVE $ 0 $ 24,464 $ 24, SUPPLEMENTAL SALARY $ 960,128 $ 811,650 $(148,477) TOTAL SUPPLEMENTAL SALARIES $ 960,128 $ 836,114 $(124,014) FRINGE BENEFITS 210 GROUP HEALTH AND LIFE INS $ 2,854,333 $ 2,994,918 $ 140, EMPLOYEE RETIREMENT 4,418,270 4,321,959 (96,311) 230 SOCIAL SECURITY 2,484,202 2,593, , UNEMPLOYMENT COMPENSATION TAX 51,674 34,153 (17,520) 270 WKRS' COMP - REIMB OTHR FUNDS 258, ,212 10,051 TOTAL FRINGE BENEFITS $ 10,066,640 $ 10,212,467 $ 145,827 PURCHASED SERVICES 310 PROFESSIONAL/TECHNICAL SRVS $ 69,750 $ 52,000 $(17,750) 311 INSTRUCTIONAL SERVICES 4,373,976 2,056,198 (2,317,778) 312 INSTRUCTIONAL PROGRAMS 1,473, ,206 (568,541) 313 STUDENT SERVICES 352, ,686 (144,958) 315 MANAGEMENT SERVICES 0 38,500 38, REPAIRS AND MAINTENANCE SRVS 67,658 15,369 (52,289) 325 RENTALS/LEASE 11,262 32,090 20, COMPUTER LEASE 29, (29,123) 331 STUDENT TRANSPORTATION 3,356,088 1,743,004 (1,613,084) 332 IN STATE TRAVEL 509, ,679 (94,966) 333 CURRICULUM FIELD TRIP TRANSPRT 53, ,948 84, EXTRA-CURRICULAR FIELD TRIP TR 63, , , OUT OF STATE TRAVEL 208, ,663 (30,763) 339 OTHER TRANSPORTATION SERVICES 9,000 6,200 (2,800) 342 PAGER/CELL PHONE RENT/MESG SYS 29,963 44,330 14,367

39 FY2011 BUDGET - SPECIAL REVENUE FUNDS EXPENDITURE BUDGET COMPARISON OBJ. NUM. CATEGORY FY2010 ORIGINAL BUDGET FY2011 PROJECTED BUDGET VARIANCE 345 TECHNOLOGY PURCHASED SERVICES $ 139,090 $ 699,861 $ 560, ADVERTISING 53, , , PRINTING AND BINDING 241, ,011 (25,169) 373 TUITION TO OTHER ENTITY 11,000 0 (11,000) 399 OTHER PURCHASED SERVICES 60, ,588 96,378 TOTAL PURCHASE SERVICES $ 11,112,852 $ 7,334,764 $(3,778,087) MATERIALS & SUPPLIES 410 SUPPLIES $ 6,262,324 $ 2,979,703 $(3,282,620) 412 POSTAGE 60,430 73,181 12, FOOD AND CATERING 21,350 84,396 63, TEXTBOOKS 64,000 65,000 1, LIBRARY BOOKS 2,000 14,135 12, PERIODICALS 6,000 11,500 5, TECHNOLOGY SUPPLIES 65,044 89,067 24, TECHNOLOGY SOFTWARE 20,964 37,882 16, TECHNOLOGY COMPUTERS 126,068 66,851 (59,217) 448 TECHNOLOGY PERIPHERALS 122,104 35,130 (86,974) 470 ENERGY 0 16,213,514 16,213, GASOLINE 29,000 22,000 (7,000) TOTAL MATERIALS & SUPPLIES $ 6,779,283 $ 19,692,359 $ 12,913,077 CAPITAL OUTLAY 540 EQUIPMENT $ 53,370 $ 3,200 $(50,170) 545 TECHNOLOGY EQUIP 11,500 11,500 0 TOTAL CAPITAL OUTLAY $ 64,870 $ 14,700 $(50,170) OTHER OBJECTS 640 ORGANIZATION MEMSHP DUES/FEES $ 10,260 $ 9,800 $(460) 650 LIABILITY/TORT INSURANCE 1,374 1, OTHER OBJECTS $ 4,296,118 $ 3,211,796 $(1,084,322) 699 SEQUESTERED FUNDS 0 41,240 41,240 TOTAL OTHER OBJECTS $ 4,307,752 $ 3,264,210 $(1,043,542) TRANSFERS 710 TRANSFERS TO OTHER FUNDS $ 0 $ 750,000 $ 750, TRANSITS/CHARTERS $ 2,556,703 $ 3,312,586 $ 755, INDIRECT COST 1,289, ,363 (831,247) TOTAL TRANSFERS $ 3,846,314 $ 4,520,949 $ 674,636 GRAND TOTAL ALL OBJECTS $ 69,083,038 $ 79,875,999 $ 10,792,961

40 FUND NUM. CATEGORY CHARLESTON COUNTY SCHOOL DISTRICT FY 2011 DETAIL INFORMATION ON EDUCATION IMPROVEMENT ACT FUNDS Purpose Statement FY 2011 PROJECTED ALLOCATION 301 INCREASE HIGH SCHL DIP (24 CR) Beginning with the ninth-grade class of school year , the number of units required for a high school diploma is twenty-four units. Allowed expenditures include the salaries and the corresponding employee benefits for teachers who must be hired for the objective of this strategy to be fulfilled. $ PROFESSIONAL DEVELOPMENT The legislature has collapsed funding from EIA fund Professional Development on Standards and Fund Critical Teaching Needs, into this funding stream. Allocation is designed to be spent on district-wide professional development activities. 279, EIA PMH SERVICES State Board of Education Regulations specify that these funds must be expended for direct services to trainable mentally disabled (TMD) and profoundly mentally disabled (PMD) students. 204, NATIONAL BOARD CERT AVG PAY Public school classroom teachers and classroom teachers working directly with other classroom teachers who are certified by the State Board of Education and who have been certified by the National Board for Professional Teaching Standards are paid a $7,500 salary supplement in the year of their achieving certification. 3,429, TEACHER OF THE YEAR AWARDS Teacher of the Year EIA award... each year, the District Teacher of the Year receives a one time, $1,000 lump sump distribution from the SC Department of Education. 1, EIA AT RISK STUDENT LEARNING The legislature has collapsed several EIA funding streams into one At-Risk funding source. Allocations are used for school positions, CD program and central office academic personnel. 7,396, EIA 4-YR OLD EARLY CHILDHOOD The regulations require all school districts to provide at least half-day early childhood development programs for four-year-olds who have indicated significant readiness deficiencies. The school districts may contract with appropriate groups and agencies to provide part or all of the programs. Districts shall integrate the planning and direction of the half-day program with the Early Childhood Initiative of Act 135. Three-year-old children may be served if the district can demonstrate to the South Carolina Department of Education that this strategy is most useful in meeting the readiness needs of the local school district. 1,254,666 New EIA Funds Sunsetting Funds

41 FUND NUM. CATEGORY CHARLESTON COUNTY SCHOOL DISTRICT FY 2011 DETAIL INFORMATION ON EDUCATION IMPROVEMENT ACT FUNDS Purpose Statement FY 2011 PROJECTED ALLOCATION 342 PRESCHLCHILD W/DIS Act 86 of 1993 mandates a free appropriate public education for preschool children with disabilities, ages three through five. Funds can be expended for preschool children with disabilities. State funds will be distributed to the school districts based on each district s index of taxpaying ability computed as of the 135th day. $ 37, ACADEMIC/ARTISTICALLY ADVANCED The legislature has collapsed funding from Gifted and Talented Academic, fund Gifted and Talented Artistic, fund Advanced Placement and fund Junior Scholars into one EIA fund called EIA Academically and Artistically Advanced. Expenditures are, for the majority, spent on Gifted and Talented Education certified instructors throughout the District. 1,955, EIA TEACHER SALARY INCREASE An alternate method of accounting for these funds permits the receipting of the revenue in Subfund 350, Teacher Salary Increase, with a subsequent transfer of the revenue to the General Fund. Expenditures should be reflected in the General Fund under the applicable function and object classification. If this method is used for Subfund 350, the same method must be used for Subfund 355, School Employer Contributions. 4,949, EIA ADULT ED-REMEDIAL For high school diploma track students, remedial funds may be spent on materials, equipment, and supplies that are related to mathematics and English/Language Arts instruction only. These must support the instructional models defined in the HSAP (High School Assessment Program) remedial regulations. For GED diploma track students, remedial funds may be spent on materials, equipment, and supplies addressing the five academic areas tested on the GED examination SCHOOL EMPLOYER CONTRIBUTIONS The purpose of these funds is to defray the costs 1,016,684 for the additional employee benefits resulting from the teachers salary increase. 358 READING The legislature has collapsed funding from EIA 188,760 fund Reading Recovery and will be used to provide district-wide reading instructional services. New EIA Funds Sunsetting Funds

42 FUND NUM. CATEGORY CHARLESTON COUNTY SCHOOL DISTRICT FY 2011 DETAIL INFORMATION ON EDUCATION IMPROVEMENT ACT FUNDS Purpose Statement FY 2011 PROJECTED ALLOCATION 362 ADULT EDUC BASIC Funds are allocated to adult education programs in local school districts to provide academic services to adults who want to acquire a basic education, to prepare for the tests of General Educational Development (GED), to develop academic skills, or to complete the requirements for a high school diploma. In order to be served by an adult education program, an individual must meet the federal definition of an adult education student. In accordance with that definition, students who possess a high school credential may be served if they lack sufficient mastery of basic educational skills to enable them to function effectively in society. $ 165, YOUNG ADULT POPULATION The purpose of this initiative is to provide additional services to the increasing number of year old students who enroll in school district adult education programs pursuing a high school or GED diploma. These funds may only be used to serve those students who are either enrolled in the school district s adult education high school diploma program to earn Carnegie units of credit or receiving instruction in preparation to sit for the Tests of General Educational Development (GED). Students who are years of age who are enrolled in a program leading to earning a Career Readiness Certificate may also be served with these funds. 191, EIA ADULT ED, LITERACY Funds allocated under this proviso must be used for programs under the supervision of the adult education program. Funds are allocated to school districts to provide literacy service to adults who are reading at or below the eighth-grade level as determined by an approved assessment. School districts may provide the services or may contract to have the services provided. In counties that have more than one school district, each district may determine the method of literacy service delivery for that district and select one school district to serve as the fiscal agent. 55,959 New EIA Funds Sunsetting Funds

43 FUND NUM. CATEGORY CHARLESTON COUNTY SCHOOL DISTRICT FY 2011 DETAIL INFORMATION ON EDUCATION IMPROVEMENT ACT FUNDS Purpose Statement FY 2011 PROJECTED ALLOCATION 368 EAA TECHNICAL ASSISTANCE Schools with an absolute index rating of either below average or unsatisfactory on the 2005 report card are eligible to receive Technical Assistance Funds. The schools will receive an allocation not less than $75,000 for a Below Average School and not less than $250,000 for an Unsatisfactory school. Eligible schools must submit to the Department of Education a school renewal plan that includes action consistent with Alternative Technical Assistance criteria. Upon the approval of the plan by the Department of Education and the State Board of Education schools may expend the funds. $ 3,116, PALMETTO PRIORITY The purpose of this fund is to provide Technical Assistance funding to Palmetto Priority Schools. These funds may be expended the same as those for EAA Technical Assistance Fund ,231, EIA TEACHER SUPPLIES All certified public school or special school classroom teachers, media specialists, and guidance counselors who are employed by a school district as of November 30 of the current fiscal year, receive reimbursement of $275 each to offset expenses incurred by them for teaching supplies and materials. 993, HIGH SCHOOLS THAT WORK Competitive grants available for schools to fund new and existing High Schools That Work (HSTW), Making Middle Grades Work (MMGW), and Career Centers That Work (CCTW) sites EIA PRIN SALARY/FRINGE INC Funds are allocated to reimburse school districts for salary expenditures and related employee benefits for certified school principals and assistant principals. These funds cannot be transferred to the General Fund EAA PALMETTO GOLD/SILVER AWARD Awarded to schools attaining high levels of absolute performance and schools attaining high rates of improvement. The criteria for and the method of allocating these funds are determined by the Accountability Division of the Education Oversight Committee - New EIA Funds Sunsetting Funds

44 FUND NUM. CATEGORY CHARLESTON COUNTY SCHOOL DISTRICT FY 2011 DETAIL INFORMATION ON EDUCATION IMPROVEMENT ACT FUNDS Purpose Statement FY 2011 PROJECTED ALLOCATION 391 EXCELLENCE IN MIDDLE SCHLS Each school district s funding allocation is based on $ - the following: 1) school districts having multiple schools housing grade seven with a total enrollment in grades six, seven, and/or eight equal to or greater than two hundred and fifty students will receive full-funding based on the total amount allocated or 2) school districts having multiple schools housing grade seven with a total enrollment in grades six, seven, and/or eight with less than two hundred and fifty students will receive proportionate funding based on the average daily membership (ADM) formula for that particular middle/junior high school. 392 EIA SCHOOL-TO-WORK $75,000 of the funds appropriated for the Work-Based Learning Program shall be used by the South Carolina Department of Education to provide for professional development in contextual methodology and integration of curriculum, professional development in career guidance for teachers and guidance counselors and for training mentors. In addition, $500,000 shall be allocated for Regional Career Specialists in the WIA geographic areas to provide career development activities throughout all schools within the region. The remaining funds for the Work-Based Learning Program will be allocated to school districts based 93,449 on the following formula: (2PY DWPU X base) (2PY SWPU X 2PY DTI X 0.3 X base) 2PY = 2d preceding year DWPU = district weighted pupil units base = per-pupil base amount SWPU = state weighted pupil units DTI = district tax index Grand Total All EIA funding sources: $ 26,560,434 New EIA Funds Sunsetting Funds

45 FY2011 REVENUE BUDGET EDUCATION IMPROVEMENT ACT FUNDS FUND NUM. CATEGORY FY ORIGINAL BUDGET FY PROJECTED BUDGET FY2010 TO FY2011 VARIANCE 301 INCREASE HIGH SCHL DIP (24 CR) $ 1,005,122 $ - $(1,005,122) 311 PROFESSIONAL DEVELOPMENT 271, ,058 7, EIA PMH SERVICES 191, ,371 12, NATIONAL BOARD CERT AVG PAY 3,429,319 3,429, TEACHER OF THE YEAR AWARDS 1,077 1, EIA AT RISK STUDENT LEARNING 7,372,399 7,396,310 23, EIA 4-YR OLD EARLY CHILDHOOD 1,758,059 1,254,666 (503,393) 342 PRESCHLCHILD W/DIS 35,519 37,092 1, ACADEMIC/ARTISTICALLY ADVANCED 1,801,400 1,955, , EIA TEACHER SALARY INCREASE 4,627,463 4,949, , EIA ADULT ED-REMEDIAL 19,000 - (19,000) 355 SCHOOL EMPLOYER CONTRIBUTIONS 946,779 1,016,684 69, READING 94, ,760 94, ADULT EDUC BASIC 210, ,407 (45,120) 364 YOUNG ADULT POPULATION 194, ,855 (2,145) 365 EIA ADULT ED, LITERACY 54,096 55,959 1, EAA TECHNICAL ASSISTANCE 5,100,000 3,116,892 (1,983,108) 371 PALMETTO PRIORITY - 1,231,022 1,231, EIA TEACHER SUPPLIES 976, ,350 16, HIGH SCHOOLS THAT WORK 4,500 - (4,500) 382 EIA PRIN SALARY/FRINGE INC 131,667 - (131,667) 388 EAA PALMETTO GOLD/SILVER AWARD 180,000 - (180,000) 391 EXCELLENCE IN MIDDLE SCHLS 232,033 - (232,033) 392 EIA SCHOOL-TO-WORK 69,898 93,449 23,551 New EIA Fund Sunsetting Funds $28,707,343 $ 26,560,434 $(2,146,909)

46 FY2011 EXPENDITURE BUDGET EDUCATION IMPROVEMENT ACT CATEGORY FY2010 Original Budget FY2011 Projected Budget Salaries $ 12,073,454 Employee Benefits 3,470,992 Purchased Services 855,505 Materials & Supplies 5,118,775 Capital Outlay 0 Other Objects 398,116 Transfers 6,790,501 GRAND TOTAL $ 28,707,343 $ 10,967,341 3,250, ,547 3,280, ,283,106 6,935,103 $26,560,434 EIA Expenditure Comparison Salaries Employee Benefits Purchased Services Materials & Supplies Capital Outlay Other Objects Transfers 0M 2M 4M 6M 8M 10M 12M 14M Dollar Amount FY2010 FY2011

47 FY2011 BUDGET - EDUCATION IMPROVEMENT ACT EXPENDITURE BUDGET COMPARISON OBJ. NUM. CATEGORY FY2010 ORIGINAL BUDGET FY2011 PROJECTED BUDGET VARIANCE SALARIES 110 ADMINISTRATIVE SALARY $ 874,755 $ 842,889 $(31,866) 111 PRINCIPAL/AST PRINCIPAL SAL 480, ,756 (352,430) 112 TEACHER/PROFESSIONAL ED SALARY 8,846,305 8,233,694 (612,611) 113 PROFESSIONAL OTHER SALARY 117, ,154 (9,171) 114 TECHNICAL SALARY 344, ,187 (33,588) 115 TEACHER AST/CLERICAL SALARY 1,250,356 1,140,600 (109,756) TOTAL REGULAR SALARIES $ 11,913,703 $ 10,764,280 $(1,149,423) 122 TEMPO SAL - SUBSTITUTE TEACHER 0 11,250 11,250 TOTAL SUBSTITUTE & TEMPO SALARIES $ 0 $ 11,250 $ 11, SUPPLEMENTAL SALARY $ 159,751 $ 191,811 $ 32,060 TOTAL SUPPLEMENTAL SALARIES $ 159,751 $ 191,811 $ 32,060 FRINGE BENEFITS 210 GROUP HEALTH AND LIFE INS $ 929,644 $ 854,983 $(74,662) 220 EMPLOYEE RETIREMENT 1,527,478 1,426,300 (101,178) 230 SOCIAL SECURITY 906, ,611 (36,609) 260 UNEMPLOYMENT COMPENSATION TAX 13,032 11,943 (1,090) 270 WKRS' COMP - REIMB OTHR FUNDS 94,616 87,300 (7,316) 290 OTHER BENEFITS TOTAL FRINGE BENEFITS $ 3,470,992 $ 3,250,137 $(220,855) PURCHASED SERVICES 310 PROFESSIONAL/TECHNICAL SRVS $ 13,860 $ 38,860 $ 25, INSTRUCTIONAL SERVICES 75, ,671 61, INSTRUCTIONAL PROGRAMS 347, ,101 (161,454) 313 STUDENT SERVICES 10,782 25,106 14, STATISTICAL SERVICES 15,000 15, REPAIRS AND MAINTENANCE SRVS 3,100 3, RENTALS/LEASE 2,500 2, COMPUTER LEASE 41,824 0 (41,824) 331 STUDENT TRANSPORTATION 20,700 31,337 10, IN STATE TRAVEL 101, ,790 14, CURRICULUM FIELD TRIP TRANSPRT 48,749 37,307 (11,442) 334 EXTRA-CURRICULAR FIELD TRIP TR 5,000 0 (5,000) 338 OUT OF STATE TRAVEL 23,000 21,400 (1,600) 339 OTHER TRANSPORTATION SERVICES 2,000 0 (2,000) 342 PAGER/CELL PHONE RENT/MESG SYS 0 1,000 1, TECHNOLOGY PURCHASED SERVICES 101, ,462 6, PRINTING AND BINDING 33,411 34,759 1, OTHER PURCHASED SERVICES 10,500 88,154 77,654 TOTAL PURCHASE SERVICES $ 855,505 $ 844,547 $(10,958)

48 FY2011 BUDGET - EDUCATION IMPROVEMENT ACT EXPENDITURE BUDGET COMPARISON OBJ. NUM. CATEGORY FY2010 ORIGINAL BUDGET FY2011 PROJECTED BUDGET VARIANCE MATERIALS & SUPPLIES 410 SUPPLIES $ 4,965,995 $ 3,174,975 $(1,791,020) 412 POSTAGE 7,983 4,050 (3,933) 417 FOOD AND CATERING ,000 18, LIBRARY BOOKS 7,973 0 (7,973) 440 PERIODICALS 1, (1,000) 445 TECHNOLOGY SUPPLIES 60,821 47,707 (13,114) 446 TECHNOLOGY SOFTWARE 18,517 11,595 (6,922) 447 TECHNOLOGY COMPUTERS 7,500 3,500 (4,000) 448 TECHNOLOGY PERIPHERALS 47,958 19,273 (28,685) TOTAL MATERIALS & SUPPLIES $ 5,118,775 $ 3,280,200 $(1,838,576) CAPITAL OUTLAY OTHER OBJECTS 690 OTHER OBJECTS $ 398,116 $ 1,273,267 $ 875, SEQUESTERED FUNDS 0 9,839 9,839 TOTAL OTHER OBJECTS $ 398,116 $ 1,283,106 $ 884,989 TRANSFERS 710 TRANSFERS TO OTHER FUNDS $ 5,193,223 $ 5,512,047 $ 318, TRANSITS/CHARTERS 1,597,278 1,423,056 (174,221) TOTAL TRANSFERS $ 6,790,501 $ 6,935,103 $ 144,603 GRAND TOTAL ALL OBJECTS $ 28,707,343 $ 26,560,434 $(2,146,909)

49 FOOD SERVICE REVENUE BUDGET COMPARISON FY2011 Original FY 2010 Budget % of Total Projected FY 2011 Budget % of Total Variance % of Variance LOCAL SOURCES Earnings on Investment $ 50, % $ % $(50,000) % Lunch Sales to Pupils 2,171, % 2,034, % (136,281) -6.28% Breakfast Sales to Pupils 106, % 91, % (14,212) % Special Sales to Pupils 3,553, % 3,278, % (275,006) -7.74% Lunch Sales to Adults 309, % 197, % (112,128) % Breakfast Sales to Adults 11, % 5, % (5,522) % Special Sales to Adults % % (389) % Miscellaneous 665, % 459, % (205,980) % TOTAL LOCAL SOURCES $ 6,868, % $6,068, % $(799,518) % STATE SOURCES Supervisor's Salary $ 29, % $ % $(29,000) % TOTAL STATE SOURCES $ 29, % $0 0.00% $(29,000) % FEDERAL SOURCES % 99, % 99, % School Lunch Program $ 7,986, % $ 8,615, % $ 629, % School Breakfast Program 3,398, % 3,864, % 465, % USDA Commodities 929, % 690, % (239,000) % TOTAL FEDERAL SOURCES $ 12,314, % $13,269, % $ 954, % OTHER FINANCING SOURCES Transfer from GOF $ 735, % $ 732, % $(3,000) -0.41% Sale of Fixed Assets 10, % % (10,000) % TOTAL OTHER FINANCING SOURCES $ 745, % $732, % $(13,000) -1.74% TOTAL FOOD SERVICE REVENUES AND OTHER FINANCING SOURCES $ 19,957, % $ 20,070, % $ 112, %

50 FY2011 EXPENDITURE BUDGET FOOD SERVICE CATEGORY FY2010 Original Budget FY2011 Projected Budget Salaries $ 6,579,148 Employee Benefits 2,143,480 Purchased Services 257,276 Materials & Supplies 9,878,237 Capital Outlay 76,312 Other Objects 20,000 Transfers 1,002,924 GRAND TOTAL $ 19,957,377 $ 6,417,907 2,165, ,061 9,728, ,000 1,256,734 $20,070,369 School Food Service Expenditure Comparison Salaries Employee Benefits Purchased Services Materials & Supplies Capital Outlay Other Objects Transfers 0M 2M 4M 6M 8M 10M Dollar Amount FY2010 FY2011

51 FY2011 BUDGET - FOOD SERVICE EXPENDITURE BUDGET COMPARISON OBJ. NUM. CATEGORY FY2010 ORIGINAL BUDGET FY2011 PROJECTED BUDGET FY2010 to FY2011 VARIANCE SALARIES 110 ADMINISTRATIVE SALARY $ 378,896 $ 371,471 $(7,425) 115 TEACHER AST/CLERICAL SALARY 179, ,253 (6,215) 119 SERVICE WORK SALARY 5,367,853 4,839,627 (528,226) TOTAL REGULAR SALARIES $ 5,926,217 $ 5,384,351 $(541,866) 129 TEMPO SALARY - SERVICE WORK 652,931 1,033, ,625 TOTAL SUBSTITUTE & TEMPO SALARIES $ 652,931 $ 1,033,556 $ 380,625 TOTAL OVERTIME SALARIES $ 0 $ 0 $ 0 TOTAL SUPPLEMENTAL SALARIES $ 0 $ 0 $ 0 FRINGE BENEFITS 210 GROUP HEALTH AND LIFE INS $ 802,408 $ 790,991 $(11,417) 220 EMPLOYEE RETIREMENT 773, ,541 (53,428) 230 SOCIAL SECURITY 513, ,520 92, UNEMPLOYMENT COMPENSATION TAX 6,003 5,384 (619) 270 WKRS' COMP - REIMB OTHR FUNDS 48,036 43,081 (4,955) TOTAL FRINGE BENEFITS $ 2,143,480 $ 2,165,517 $ 22,037 PURCHASED SERVICES 312 INSTRUCTIONAL PROGRAMS 0 150, , REPAIRS AND MAINTENANCE SRVS $ 15,400 $ 15,200 $(200) 328 COMPUTER LEASE IN STATE TRAVEL 43,500 46,411 2, PAGER/CELL PHONE RENT/MESG SYS 9,048 12,000 2, TECHNOLOGY PURCHASED SERVICES ADVERTISING PRINTING AND BINDING 12,000 18,000 6, OTHER PROFESS/TECHNICAL SERV. 88,000 94,500 6, OTHER PURCHASED SERVICES 51, ,450 80,422 TOTAL PURCHASE SERVICES $ 257,276 $ 468,061 $ 210,785 MATERIALS & SUPPLIES 410 SUPPLIES $ 761,748 $ 602,571 $(159,177) 412 POSTAGE 3,000 6,000 3, FOOD AND CATERING TECHNOLOGY SUPPLIES 10,000 11,000 1, TECHNOLOGY SOFTWARE 36,000 40,000 4, TECHNOLOGY COMPUTERS 14,000 22,500 8, TECHNOLOGY PERIPHERALS 0 3,000 3, FOOD 7,690,922 7,790,900 99, USDA COMMODITIES 943, ,999 (243,568) 462 COMMODITY DISTRIBUTION CHARGE 59,000 77,180 18, COMMODITY PROCESSING 350, , , GASOLINE 10,000 10,000 0 TOTAL MATERIALS & SUPPLIES $ 9,878,237 $ 9,728,150 $(150,087) CAPITAL OUTLAY 540 EQUIPMENT $ 76,312 $ 0 $(76,312) TOTAL CAPITAL OUTLAY $ 76,312 $ 0 $(76,312)

52 FY2011 BUDGET - FOOD SERVICE EXPENDITURE BUDGET COMPARISON OBJ. NUM. CATEGORY FY2010 ORIGINAL BUDGET FY2011 PROJECTED BUDGET FY2010 to FY2011 VARIANCE OTHER OBJECTS 690 OTHER OBJECTS 20,000 34,000 14,000 TOTAL OTHER OBJECTS $ 20,000 $ 34,000 $ 14,000 TRANSFERS 791 INDIRECT COST $ 1,002,924 $ 1,256,734 $ 253,810 TOTAL TRANSFERS $ 1,002,924 $ 1,256,734 $ 253,810 GRAND TOTAL ALL OBJECTS $ 19,957,377 $ 20,070,369 $ 112,992

53 DEBT SERVICE FUND BUDGET SUMMARY FY2011 BUDGET REVENUE: Sinking Fund Balance - July 1, 2010 $ 4,582,460 Ad Valorem Taxes 27.9 Mills 75,085,423 Delinquent Taxes 500,000 Interest Earnings through ,200,500 Total Revenue All Sources $ 81,368,383 EXPENDITURES: Alternative Financing 41,817,832 Referendum 18,034,635 QZAB 237,840 Fixed Cost of Ownership - Capital Maintenance 4,600,000 Fixed Cost of Ownership - Capital Maintenance 12,660,183 Fixed Cost of Ownership - Classroom Modernization 1,400,000 QSCB 141,929 Total Expenditures $78,892,418 Sinking Fund Balance - June 30, 2011 $ 2,475,965

54 Debt Service Revenue Budget FY2011 REVENUE: BUDGET Sinking Fund Balance - July 1, 2010 $ 4,582,460 Ad Valorem Taxes 27.9 Mills 75,085,423 Delinquent Taxes 500,000 Interest Earnings - Series Interest Earnings - Series ,000 Interest Earnings - Series ,000 Total Revenue All Sources $ 81,368,383

55 Debt Service Expenditure Budget FY2011 Proposed FY2011 Debt Service Fund 26.5 mills $ 78,892,418 Existing debt payments - Referendum bonds $ 18,034,635 Series 2001-GO - 8/1/10 interest $ 1,288,875 Series 2001-GO - 2/1/11 principal & interest $ 3,688,875 Series 2001B-GO - 8/1/10 interest $ 415,338 Series 2001B-GO - 2/1/11 principal & interest $ 1,625,338 Series 2004A-GO - 8/1/10 interest $ 2,090,333 Series 2004A-GO - 2/1/11 principal & interest $ 2,095,333 Series 2004B-GO - 8/1/10 interest $ 940,273 Series 2004B-GO - 2/1/11 principal & interest $ 5,890,273 Existing debt payments - Alternative Financing $ 41,817,832 Series /1/10 principal & interest $ 11,071,288 Series /1/11 interest $ 2,776,413 Series /1/10 interest $ 10,674,778 Series /1/11 interest $ 10,674,778 Series /1/10 interest $ 3,310,288 Series /1/11 interest $ 3,310,288 Existing debt payments - QZAB $ 237,840 QZAB - 11/1/10 interest $ 118,920 QZAB - 5/1/10 interest $ 118,920 Debt payments - Fixed costs of operations $ 18,660,183 Sell bonds for Fixed Cost of Ownership - Capital Maintenance $ 4,600,000 Sell bonds for Classroom Modernization Project - Media Centers 1,100,000 Sell bonds for Classroom Modernization Project - Technology 10,360,183 Sell bonds for Classroom Modernization Project - New Projects 1,200,000 Sell bonds for Relocation, design, contingency 1,400,000 Debt payments - QSCB $ 141,929 QSCB - 9/15/10 interest 35,482 QSCB - 12/15/10 interest 35,482 QSCB - 3/15/11 interest 35,482 QSCB - 6/15/11 interest 35,482 TOTAL PROJECTED FOR DEBT SERVICE FUND $ 78,892,418 *Breakdown on existing debt Total Principal on Referendum 8,565,000 Total Interest on Referendum 9,469,635 Total on QZAB Bonds 237,840 Total on QSCB Bonds 141,929 Total Principal on Alternative Financing subject to 8% 8,105,000 Total Interest on Alternative Financing subject to 8% 33,712,831 TOTAL PAYMENTS ON EXISTING DEBT $ 60,232,235 **Breakdown on additional debt Fixed Costs of Ownership $ 4,600,000 Classroom Modernization projects 12,660,183 Relocation, design & contingency 1,400,000 TOTAL PAYMENTS ON ADDITIONAL DEBT $ 18,660,183

56 FY2011 BUDGET ASSUMPTIONS Tax Assumptions 1. An estimated operating millage levy of 98.7 mills. This represents no tax increase over FY An estimated debt service millage levy of 27.9 mills. This represents no tax increase over FY2010. Based on the existing debt structure the millage was not expected to increase for FY The value of a mill used to generate revenue in the General Operating Fund will be $1.799 million down from the $1.826 million used in FY2010. The value of a mill used to generate revenue in the Debt Service Fund will be $2.691 million down from the $2.714 million used for FY CCSD s Index of Tax Paying Ability for FY2011 is.13486, down from the current Charleston is still ranked the wealthiest in the State of the 85 school districts based on the assessed property values. Legislative action froze the ITA at FY2010 levels for calculating EFA funding resulting in a loss of EFA funding of about $7.2 million. 5. This budget uses the assessed values as submitted from the County Auditor s office in April 2010 for the projections as indicated above. Based on the information from the County, assessed values have gone down about 3% over the last several months and show no signs of significant growth. 6. No growth factor for Assessable Transfer of Interest and no growth factor for new construction were applied to the 2009 assessed value. State Assumptions 1. The State EFA inflation factor is 0%. 2. Base Student Cost (BSC) used in calculating the Education Finance Act is $1,630, down from the original $2,034 used for FY2010. State support is projected at 22% indicating that CCSD will receive $ for the Base Student Cost for each student. 3. Education Finance Act (EFA) revenue from State will total $17.2 million, a decrease of $5.6 million from the current budget of $22.8 million. 4. The minimum Teacher salary schedule reflects no increase. Eligible teachers generally receive an average 2.0% step increase; however, the State legislature has authorized school districts to hold teachers at their current step for FY2011. This step increase has been frozen in the FY2011 budget presented.

57 General Operating Assumptions 1. No employees will receive a Cost of Living Adjustment (COLA) salary increase or a step increase for the FY2011 budget. 2. The District will have eight charter schools in FY2011 with six continuing from FY2010 and two new schools beginning. 3. The use of Fund Balance is currently projected in this budget in the amount of $6.9 million. Special Revenue and Education Improvement Act funds Assumptions 1. Special Revenue funds are projected at $79,875, The Education Improvement Act (EIA) funds are projected at $26,560, Federal Stimulus funds for Title I, IDEA and State Fiscal Stabilization Funds (SFSF) are reflected in the Special Revenue section of this document. This represents the second and final year of federal stimulus funds. Food Service Fund Assumptions 1. Food Service fund is projected at $20,070, Food Service budget assumes no price increases for breakfast or lunch. Debt Service Assumptions 1. The Debt Service budget is projected at $78,892, The Debt Service millage was not projected to increase based on the debt structure outlined in the FY2010 budget. 3. The Debt Service budget includes a proposal to continue to use millage every year for Fixed Cost of Operations activities. This includes the areas of maintenance, security, technology and FF&E. 4. The Debt Service budget includes a proposal to continue the multi-year Classroom Modernization project. This includes activities such as computer replacements, classroom and media center technology modernization and media center material replacements. Capital Projects fund Assumptions 1. The Capital Projects budget is projected at $139,875,109. This budget continues the building program.

58 EXISTING DEBT PRINCIPAL AND INTEREST as of June 30, 2010 Series Series Series Series 2004B Series Series Series QZAB QSCB Total Existing 2001B A GO 2004 Installment 2005 Installment 2006 Installment Bonds Bonds Debt Principal Principal Principal Principal and Principal Principal Principal Principal and Principal and Principal and FY and Interest and Interest and Interest Interest and Interest and Interest and Interest Interest Interest Interest ,040,675 4,977,750 4,185,665 6,830,545 13,847,700 21,349,556 6,620, , ,929 60,232, ,030,175 4,972,750 4,185,525 6,832,045 14,511,800 21,349,556 6,620, , ,913 60,884, ,022,175 4,967,000 4,185,370 6,832,670 15,196,900 21,349,556 6,620, , ,908 61,553, ,016,425 4,960,250 4,185,208 6,743,570 15,897,900 21,349,556 6,620, , ,908 62,034, ,012,675 4,952,250 4,185,038 6,748,113 16,639,400 21,349,556 6,620, ,908 62,649, ,005,675 4,952,750 4,184,863 6,744,800 20,339,125 21,349,556 6,620,575 1,258,048 67,455, ,000,425 4,951,000 4,184,681 6,744,400 21,136,475 21,349,556 6,620,575 1,246,236 68,233, ,001,675 4,956,750 4,184,494 6,824,800 21,964,350 21,349,556 6,620,575 1,234,423 69,136, ,998,925 4,959,250 15,514,300 6,822,400 12,363,987 21,349,556 6,620,575 1,222,611 70,851, ,997,175 4,963,250 16,650,900 34,149,500 13,889,200 1,210,798 72,860, ,000,725 4,968,250 16,639,650 34,150,750 13,886,950 1,198,986 72,845, ,973,750 18,636,650 34,149,091 13,890,075 1,187,173 72,836, ,979,250 18,629,900 34,147,269 13,887,575 1,175,361 72,819, ,989,250 18,620,500 34,147,769 13,888,450 1,163,548 72,809, ,998,000 52,747,138 13,886,575 1,151,736 72,783, ,751,206 13,885,825 1,139,923 72,776, ,748,000 13,889,825 1,142,993 72,780, ,748,900 13,887,325 71,636, ,747,238 13,882,163 71,629, ,750,794 13,888,500 71,639, ,747,088 13,889,750 71,636, ,888,750 13,888, TOTAL $ 22,126,725 $ 74,521,500 $ 138,172,743 $ 61,123,343 $ 151,897,637 $ 762,130,747 $ 240,126,138 $ 832,440 $ 15,043,399 $ 1,465,974,670

59 Fixed Cost of Operations FY 2011 Michael Bobby Chief Financial & Operations Officer Dr. Nancy McGinley, Ed. D. Superintendent of Schools June 28, 2010 Fixed Cost of Operations FY 2011 CCSD Board of Trustees Meeting 1

60 FUNCTIONAL AREA Fixed Cost of Operations FY11 PROGRAM MANAGER BUDGET FACILITY SERVICES DEBBIE GUNN $2,925, RISK MANAGEMENT DANA ENCK $ 875, INFORMATION TECHNOLOGY JOHN MCCARRON $1,200,000.00, CLASSROOM MODERNIZATION JOHN MCCARRON $12,250, FURNITURE/FIXTURES & EQUIPMENT FRED FEIL $800, NOT TO EXCEED FOR SEISMIC TROY WILLIAMS $900, RELOCATION PROJECT PROGRAM CONTINGENCY MICHAEL BOBBY $300, DESIGN & CONSULTING MICHAEL BOBBY $200, FY 2011 FCO TOTAL $19,450, Budget Book-reduction proposed for a 2 year period (FY 2011 & 2012) with intent in 2013 to establish full funding for computer replacement program. 2. This will establish a program duration of 6 years instead of the original proposed 5 year plan for classroom modernization June 28, 2010 Fixed Cost of Operations FY 2011 Board of Trustees Meeting 2

61 FACILITY SERVICES FY11 FCO $2,925,000 FACILITY SERVICES: FCO Procurement Supervisor (salary and benefits) $ 18,334 FCO LIGHTING UPGRADES TEAM: (Salaries and benefits) $282,072 LIGHTING MATERIALS: FCO Upgrades Murray LaSaine Elem, Clark Academy, Minnie Hughes Elem, 3 Additional Schools TBD $150,000 MOBILE CLASSROOM RELOCATIONS $300,000 ROOF PROJECTS: St. Andrews Middle, Garrett Academy, Clark Academy, Burns Elem. $155,000 HVAC (partial replacement): $410,000 Lincoln High (Vocational Bldg), Murray LaSaine Elem., Goodwin Elem. RETENTION POND RENOVATION - PINCKNEY $ 400,000 FLOORING: $ 48,234 VEHICLES: Warehouse Vans (2) and Lifts for Trucks (2), Maintenance (5), Food Service (2) $ 240,000 June 28, 2010 Fixed Cost of Operations FY 2011 Board of Trustees Meeting 3

62 FACILITY SERVICES FY11 FCO $2,925,000 BUSES TYPE D WANDO HIGH (2) $ 229,360 BOILER LINCOLN HIGH $ 20,000 CONDITION SENSORS ON COOLERS AND FREEZERS DISTRICT WIDE $ 70,000 RADIO COMMUNICATIONS School based Security Radios & Digital Radios for school bus communication Lease Payment $ 300,000 GAS PUMP BRIDGEVIEW $ 25,000 STADIUMS/GYMNASIUMS RAVENEL FIELD (Railing Repairs) $ 25,000 LIFT STATION FRIERSON ELEM. $ 27,000 BUS PARKING-NEW STALL HS $ 75,000 CHILD & FAMILY DEVELOPMENT CENTER RELOCATION $ 150,000 TOTAL FACILITY SERVICES FCO FY11 BUDGET $2,925,000 June 28, 2010 Fixed Cost of Operations FY 2011 Board of Trustees Meeting 4

63 SECURITY/RISK MANAGEMENT FY11 FC0 $875,000 SECURITY: Surveillance and Access control Project: (Dunston ES, Military Magnet, Laurel Hill Primary) $400, North Charleston Police Department COPS Grant Grant (Burns ES, Mary Ford ES, North Charleston ES, Goodwin ES, Dunston ES, Pepperhill ES, A.C. Corcoran ES, Hunley Park ES) Security Fencing: $50, (West Ashley HS, Springfield ES, Belle Hall ES, Mt. Zion ES, J.B. Edwards ES) Emergency Communication $75, (Charleston Progressive Academy, Sullivans Is. ES, Mt. Zion ES, Charleston Development Academy, St. James-Santee ES, CC Blaney ES, Community Montessori, Lincoln HS, Frierson ES, Jane Edwards ES, Clark Academy) Vestibules: $75, (Wando South, Angel Oak ES, Baptist Hill HS, James Is. MS, Lincoln HS RISK MANAGEMENT: Playgrounds: $250, Playground Enhancement: $25, FY 11 FCO TOTOAL $875, June 28, 2010 Fixed Cost of Operations FY 2011 Board of Trustees Meeting 5