Savannah Chatham County Public Schools FY Adopted Budget Revenue Source Overview

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1 Savannah Chatham Public Schools FY Adopted Budget Revenue Source Overview The SavannahChatham Public School System is supported by revenue derived from four major sources ad valorem (property) taxes, other local receipts, and the Federal and State governments. Each of these categories consists of two or more revenue items that are accounted for separately in the school system's financial management records. The dominant sources of fiscal support for SavannahChatham are ad valorem taxes and State funds. Each source differs in funding characteristics, complexity and types. This section describes the revenue budgeted by source for FY Ad Valorem Tax LOCAL TAXES This source represents the revenues derived from the application of the locally approved millage rate on the assessed valuation of total properties, less exemptions, within the school system's boundaries. The base level used in this calculation is 40 percent of full valuation, as determined each year by the 's Board of Tax Assessors on the official Tax Digest. The tax digest and millage rate are on a calendar year basis. Ad Valorem taxes are collected by the 's Tax Commissioner and existing State law permits the Tax Commissioner to retain up to 2.5 percent of the funds earmarked for the schools as reimbursement for the cost of collecting school taxes. The current rate being charged for this purpose (as established by legislative action) is 1.75 percent. For Calendar Year 2016 (FY 2017), the school district millage rates are at for Maintenance and Operations (M & O). Real Estate Transfer Tax The school system receives a portion of the transfer taxes processed by the Superior Court on all real estate transactions within Chatham that occur during each calendar year. The tax rate is 1.00 for each 1,000 of transactions. The Court System retains 1.0 percent of collections as a collection fee. The formula used to allocate these taxes is based on current millage rates. When the millage rate is higher, a larger portion of total transfer tax revenues goes to the jurisdiction affected. The revenues received are based on transactions occurring in the previous calendar year. SCCPSS Page 115 of 669

2 Compensation for Loss of Assets OTHER LOCAL SOURCES Each year the school system receives some funds that represent restitution by various students and their parents for acts of vandalism on school properties. Also, any insurance reimbursements received by the school system from its carriers due to a property loss are posted to this revenue account. Lost/Damaged Textbooks Each year the school system receives payment from parents and students for lost and damaged textbooks since the Board's policy stipulates that such costs are a personal responsibility. Revenues received for such purposes are posted to this account. Sale of School Assets Each year the school disposes of outdated computer equipment, school furnishings, and other types of equipment. Proceeds from these transactions are recorded to this account. Tuition from Other Georgia LEAs On occasion, the school system receives a payment from another local educational agency (LEA) or public school system for tuition charges incurred on behalf of a nonresident student. When such instances occur, the school system needs an appropriate account where such funds can be posted so their purpose is segregated clearly for accounting and reporting requirements. Tuition from NonLEAs As in the case of the revenue account described above, there are occasions that occur where payment is received from governmental units or private sources located within or outside the State of Georgia. These organizations are not considered to be local educational agencies (LEAs) or public school systems. The payments represent tuition charges for services rendered on behalf of a nonresident student. When such instances occur, the school system needs an appropriate account where such funds can be posted so their purpose is segregated clearly for accounting and reporting requirements. Interest Earned The school system monitors its actual receipts and planned disbursements on a routine basis to determine its cash flow requirements. Any balances that represent excess funds on a temporary basis are considered available for investment purposes. Any interest earned on these investments is recorded to this revenue account. SCCPSS Page 116 of 669

3 Building/Transportation Rentals The board has a policy on community use of school facilities and various guidelines/fees that determine how these facilities may be used. This account captures the level of fees collected from various communityrelated users of school facilities. The amount can vary from one fiscal year to another, depending on the extent of requests received for such purposes. As in the case of school facilities, occasions may develop where communitybased groups or agencies request the use of the Board's school buses. In such instances, a contract is established and the resultant fees are posted to this revenue account. Federal Indirect Cost Reimbursement Currently, the school system receives from the various federal grants an appropriation recognized as indirect costs. Indirect costs are expenditures incurred for such important support activities as personnel recruitment, payroll preparation, vendor payments and general administrative assistance. School systems are allowed to recoup some of these expenses by applying the Stateapproved indirect cost rate to Federal grants. For FY 2017, the approved Federal Indirect Cost rate is 2.44 percent. These charges are recorded as expenditures to the respective Special Revenue Fund and as revenues to the General Fund. Jury Duty Refunds/Other Local Income The Board recognizes jury duty by its employees as an important civic responsibility. Employees with such assignments receive their regular pay from the Board but they are obligated to relinquish any compensation for jury duty to the school system. These monies are recognized as revenues and posted to this account. Additionally, occasions may occur during any fiscal year where miscellaneous receipts may materialize for reasons that cannot be identified clearly when the general fund budget is being developed. The existence of this account, with a small appropriation, allows the staff to segregate these funds clearly for accounting and reporting requirements. Quality Basic Education (QBE) Allotment STATE REVENUE State funding is provided by the General Assembly based on student enrollment counts, expressed as fulltime equivalents, at two specific points in time. The weightedaverage of these two counts represents the basis for projecting state aid for the next school year. Additional funds are also provided by the State based on teachers' training and experience. These funds are subject to a multitude of usage restrictions and expenditure tests established in Title 20, Georgia Code. SCCPSS Page 117 of 669

4 MidTerm Adjustment Since the state funding formula used to project state aid is based on fulltime equivalent student counts that are taken in previous school years, the Georgia Department of Education (DOE) will adjust the total state aid earned as more recent counts become available. If the more recent counts result in an increase in funds needed, the DOE will request the additional funds from the General Assembly. If the student count is less than was originally calculated, the amount of state aid is currently heldharmless for the duration of the fiscal year. Equalization Grant Funding State law recognizes that there is great variation among school systems in the amount of money they can raise per student for each additional mill levied. The more additional mills levied, the more unequal becomes the educational opportunity among school systems. The state aid formula provides a method to partially deal with this problem. For each mill levied beyond the five mill local fair share up to fifteen mills, the State will provide the funds needed to make the amount raised per student equal to the amount raised per student in the 75th percentile system. As Chatham is above the 75 th percentile system, it is not eligible for equalization grant funding. Other State Grants The district receives other State grants from the Georgia Department of Education on a formula basis and may receive other grants on a competitive application basis. Examples of these types of grants outside the State QBE Allotment process include the nursing services grant, various Technical/Career Education program grants, adult education grants, food service program grants, national board certified teacher grant, pay for performance grant, reading and math program grants, various exceptional children grants, and the prekindergarten program grant. FEDERAL REVENUE American Recovery and Reinvestment Act of 2009 The American Recovery and Reinvestment Act of 2009 (ARRA) provided approximately 100 billion for education, creating a historic opportunity to save hundreds of thousands of jobs, support states and school districts, and advance reforms and improvements that will create longlasting results for our students and our nation including early learning, K12, and postsecondary education. Georgia will receive a total of about 2 billion in stimulus funds for education at all levels. Georgia s K12 public schools will receive the vast majority of that money. SCCPSS Page 118 of 669

5 Entitlement Grants The district receives a multitude of federal entitlement program grants as authorized by the No Child Left Behind Act of 2001 (NCLB) through the Georgia Department of Education. Examples include Title I (Improving the Academic Achievement of the Disadvantaged), Title II (Preparing, Training, and Recruiting High Quality Teachers and Principals), Title III (Language Instruction for Limited English Proficient and Immigrant Students), Title IV (21 st Century Schools), and Title V (Promoting Informed Parental Choice and Innovative Programs). Each Title under NCLB may include one or more separate grant programs. Accounting for each of these Title grants is done in separate special revenue funds. Federal Impact Aid This program, authorized under Title VII of the NCLB, is recognition by the Federal government that taxexempt military installations and other Federal activities located within the geographic area served by a local school system represent costs to that system since schoolaged dependents must be educated. These students either reside in Federally subsidized low rent housing properties or have one or more parents either is employed on Federal property or serving in one of the uniformed services. Junior Reserve Officers Training Corps The Junior Reserve Officers Training Corps (J.R.O.T.C.) is a Federal program that exists in selected high schools as an alternate instructional program for some students. Much like similar R.O.T.C. programs found on college and university campuses, this approach offers students a view of military professions as a possible career choice. The funds contributed by the Federal government as partial financial support for this program are posted to this revenue account. U.S. Fish and Wildlife Each year the school system receives from the Federal government through Chatham a financial subsidy in recognition of its taxexempt status and the implications this has for the school system as lost revenues related to taxes on property assessments throughout the county. School Nutrition Program The district receives federal assistance to operate the School Breakfast Program and the National School Lunch Program. The district receives cash subsidies and donated commodities from the U.S. Department of Agriculture (USDA) for each meal served. In return, meals must meet Federal requirements, and free or reduced price meals must be offered to eligible children. SCCPSS Page 119 of 669

6 REVENUE FORECASTING Local Revenues Property Tax revenue is forecast based on trend data for collection rates which are then applied to the certified tax digests using the approved millage rates for the budget year. Regression analysis is used to project the tax digest by component in advance of receiving the certified tax digest from the Board of Assessors. Interest income is forecast based on prevailing interest rates and projected cash balances for the year by fund. Other local sources are estimated based on previous year actual receipts. State Revenues QBE Allotment earnings are projected based on actual FTE student counts using the State formulas as adjusted by the Georgia legislature for the coming fiscal year. Other state grants are forecast based on trend data and program manager estimates (when available). Federal Revenues Federal grants are based on trend data and program manager estimates (where available). SCCPSS Page 120 of 669

7 SavannahChatham Public Schools FY Adopted Budget for All Funds Revenues and Other Sources by Year by Source All Funds Fiscal Total Lease / Other Bond Operating Total Revenues / Year Local State Federal Revenues Proceeds Proceeds Transfers In Other Sources ,365, ,018,555 51,317, ,700,638 12,344, ,044, ,750, ,611,627 53,682, ,044,553 18,636, ,681, ,819, ,078,544 50,036, ,935,177 18,100, ,035, ,688, ,807,122 51,685, ,181,681 4,166,892 19,232, ,580, ,093, ,557,574 52,463, ,115,359 4,166,892 18,703, ,985, ,000,000 Revenues and Other Sources by Year 300,000, ,000,000 Dollars 200,000, ,000, ,000,000 50,000,000 Fiscal Year Local State Federal Lease / Other Proceeds Bond Proceeds Operating Transfers In SCCPSS Page 121 of 669

8 SavannahChatham Public Schools FY Adopted Budget for All Funds Revenues and Other Sources Summary By Fund Fund FY13 FY14 FY15 FY16 FY17 FY 16 to 17 FY 16 to 17 Number Fund Name Actual Actual Actual Modified Adopted Difference Percent Change 100 General Fund 291,619, ,431, ,620, ,872, ,459,284 14,586, % 2XX Debt Service 9,049,604 11,887,371 12,767,120 13,012,302 13,249, , % 3XX Capital Projects 68,609,861 71,008,480 97,576, ,133,200 79,637,200 (38,496,000) 32.59% 412 Title IV 5,089,560 5,102,140 3,367,417 4,288,921 4,101,428 (187,493) 4.37% 414 Title II 2,349,248 2,389,174 2,081,901 2,521,582 2,513,915 (7,667) 0.30% 415 Dept of Defense Ed Activity Grt 329, , , ,195 (287,195) % 416 Race to the Top 3,083,464 4,162,455 3,791,846 36,368 (36,368) % 417 CHANCE Grant 662, ,845 N/A 427 DEA Seized Property 5, ,629 13,610 N/A 428 Charter School Implementation Grant 155, , ,034 N/A 432 Sick Leave Bank 50,000 50,000 50,000 50,000 50,000 N/A 439 V. Jenkins Charitable Trust 65, , , , ,902 (13,411) 10.45% 440 Special Programs 1,759,983 1,845,241 2,233,388 2,009,009 1,957,851 (51,158) 2.55% 442 PreK Lottery 5,221,966 5,367,002 5,781,840 6,721,056 5,974,488 (746,568) 11.11% 445 Technical Preparation 900,613 1,018, , ,925 1,024,432 66, % 450 Coastal Georgia 2,976,046 2,954,294 3,071,423 3,456,490 3,278,609 (177,881) 5.15% 465 Title III 115,909 91, , , ,043 N/A 470 Title I 14,618,683 14,896,535 14,452,430 16,741,984 17,814,723 1,072, % 484 Teaching American History 418,341 17,466 N/A 490 Federal Special Education 7,616,928 7,586,453 7,151,300 7,403,731 8,238, , % 6XX School Food Service 17,353,006 18,327,988 18,820,373 21,041,669 20,481,360 (560,309) 2.66% 710 Workers' Compensation Fund 1,246,959 1,267,761 1,933,656 1,980,000 1,980,000 N/A 720 Unemployment Compensation Fund 261, , , , ,500 N/A 731 Employee Dental Plan 1,485,858 1,512,784 1,513,178 1,440,000 1,611, , % Total 435,044, ,681, ,035, ,580, ,985,868 (23,594,890) 4.25% Revenues and Other Sources 600,000, ,000, ,000, ,000, ,000, ,000,000 0 FY13 FY14 FY15 FY16 FY17 General Debt Service Capital Projects Special Revenue Internal Service SCCPSS Page 122 of 669

9 SavannahChatham Public Schools FY Adopted Budget for All Funds Revenues and Other Sources Summary By Source Transfers Other Total Fund From Other Local Local State Federal Revenues / Number Fund Name Funds Taxes Sources Funding Funding Other Sources 100 General Fund 214,098,618 6,460, ,488,952 1,410, ,459,284 2XX Debt Service 13,248, ,249,260 3XX Capital Projects 4,600,000 74,589, ,500 79,637, Title IV 4,101,428 4,101, Title II 2,513,915 2,513, Sick Leave Bank 50,000 50, V. Jenkins Charitable Trust 114, , Special Programs 54, ,107 1,056,174 82,713 1,957, PreK Lottery 750,000 5,224,488 5,974, Technical Preparation 647, ,891 1,024, Coastal Georgia 2,765, ,448 3,278, Title III 158, , Title I 17,814,723 17,814, Federal Special Education 8,238,513 8,238,513 6XX School Food Service 2,852, ,258 17,253,398 20,481, Workers' Compensation Fund 1,980,000 1,980, Unemployment Compensation Fund 340, , Employee Dental Plan 1,611,360 1,611,360 Total 18,703, ,688,318 14,572, ,557,574 52,463, ,985,868 Revenues by Source All Funds State 30.6% Federal 10.2% Local 59.2% Local State Federal SCCPSS Page 123 of 669

10 FY Adopted Budget Tax Digest Growth by Component Real and Personal Motor Vehicle 1,000,000,000 15,000,000, ,000,000 10,000,000, ,000, ,000,000 5,000,000, ,000, Calendar Year Calendar Year Mobile Homes Heavy Equipment 50,000,000 10,000,000 8,000,000 30,000,000 6,000,000 10,000,000 4,000,000 2,000,000 10,000,000 0 Calendar Year Calendar Year Timber 2,000,000 1,000,000 0 Calendar Year SCCPSS Page 124 of 669

11 FY Adopted Budget Tax Digest Growth by Component M and O Exemptions Bond Exemptions 4,000,000,000 2,000,000,000 3,500,000,000 3,000,000,000 1,500,000,000 2,500,000,000 2,000,000,000 1,000,000,000 1,500,000,000 1,000,000, ,000, ,000, Calendar Year Calendar Year Net M&O Digest Net Bond Digest 15,000,000,000 15,000,000,000 10,000,000,000 10,000,000,000 5,000,000,000 5,000,000, Calendar Year Calendar Year SCCPSS Page 125 of 669

12 FY Adopted Budget Tax Digest Growth by Taxing Jurisdiction Net M & O % Change 4.00% 3.00% 2.00% 1.00% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 3.40% 2.07% 1.93% 1.37% 0.40% 2.47% 4.43% Net Bond % Change 6.0% 4.0% 2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 4.4% 4.2% 4.8% 6.5% 0.3% 1.3% 0.8% SCCPSS Page 126 of 669

13 Calendar Year FY Adopted Budget Net Digest Growth Attributable To Reassessments M and O ,922, ,636, (119,581,693) 2010 (411,594,641) 2011 (776,355,828) 2012 (67,651,511) ,745, ,445, ,567, ,838,940 Net Digest Growth Attributable To Reassessments Maintenenance and Operations Digest 600,000, ,000, ,000,000 STD DEV 453,567, ,445,556 94,745,982 58,838,940 Dollars 0 200,000,000 (67,651,511) 400,000,000 (411,594,641) 600,000,000 (776,355,828) 800,000,000 Year Calculation of RollBack Rate for Taxpayer Bill of Rights M and O RVA Reassessment Value Added 58,838,940 CYD Current (New) Year Net Digest 12,403,837,886 PYM Prior Year Millage Rate ME=(RVA/CYD)*PYM Millage Equivalent RBR Rollback Millage Rate MR New Year Millage Rate (MRRBR)/RBR 0.48% SCCPSS Page 127 of 669

14 FY Adopted Budget School Property Tax Exemptions MAINTENANCE & OPERATIONS Description CY 2012 CY 2013 CY 2014 CY 2015 CY 2016 Regular Homestead 77,096,000 75,359,880 74,493,960 73,636,000 73,686,000 Exemption School 10,000 10,000 20,000 Exemption School and Bond 40,000 10,000 Disabled Veterans 8,114,320 12,751,540 14,838,365 19,710,955 27,066,376 Freeport (100%) 1,012,994,846 1,197,575,451 1,382,477,401 1,543,761,832 1,627,874,331 Unremarried Surviving Spouse of a Fire/Peace Officer 200, , , , ,200 Rehab Historic 7,296,623 7,275,325 16,378,235 16,219,898 10,140,713 Personal Property <7,500 12,417,152 12,086,431 11,797,919 10,941,896 10,980,976 Unremarried Surviving Spouse of US Service Member killed in action 993, , , , ,304 Age 65 Unremarried Surviving Spouse of US Service Member killed in action 41,280 39,680 34,080 34,040 98,960 Transitional 579, , , , ,004 Protected Forest Lands 4,224,520 3,581,200 3,578,040 7,120,760 4,615,240 Conservation Use 25,973,648 22,522,636 16,591,224 15,419,600 13,908,560 Regular Homestead 12, ,694, ,048, ,599, ,209, ,414,440 Stephens Day 384,427, ,490, ,528, ,066, ,733,457 School Disability 169,150, ,098, ,561, ,485, ,073,590 Total 1,885,253,354 2,082,820,110 2,265,920,840 2,411,690,634 2,521,444,151 3,000,000,000 2,500,000,000 2,000,000,000 1,500,000,000 1,000,000, ,000,000 2,411,690,634 2,265,920,840 2,082,820,110 1,885,253,354 CY 2012 CY 2013 CY 2014 CY ,521,444,151 CY 2016 BOND Description CY 2012 CY 2013 CY 2014 CY 2015 CY 2016 Regular Homestead Exemption School 10,000 10,000 20,000 Exemption School and Bond 40,000 10,000 Disabled Veterans 8,114,320 12,751,540 14,838,365 19,710,955 27,066,376 Freeport (100%) 1,012,994,846 1,197,575,451 1,382,477,401 1,543,761,832 1,627,874,331 Unremarried Surviving Spouse of a Fire/Peace Officer 200, , , , ,200 Rehab Historic 7,296,623 7,275,325 16,378,235 16,219,898 10,140,713 Personal Property <7,500 12,417,152 12,086,431 11,797,919 10,941,896 10,980,976 Unremarried Surviving Spouse of US Service Member killed in action 993, , , , ,304 Age 65 Unremarried Surviving Spouse of US Service Member killed in action 41,280 39,680 34,080 34,040 98,960 Transitional 579, , , , ,004 Protected Forest Lands 4,224,520 3,581,200 3,578,040 7,120,760 4,615,240 Conservation Use 25,973,648 22,522,636 16,591,224 15,419,600 13,908,560 Regular Homestead 12, ,694, ,048, ,599, ,209, ,414,440 Stephens Day School Disability 169,150, ,098, ,561, ,485, ,073,590 Total 1,423,730,331 1,627,969,430 1,834,898,261 2,011,988,082 2,110,024,694 3,000,000,000 2,000,000,000 1,834,898,261 1,627,969,430 1,423,730,331 2,011,988,082 2,110,024,694 1,000,000,000 CY 2012 CY 2013 CY 2014 CY 2015 CY 2016 SCCPSS Page 128 of 669

15 FY Adopted Budget Revenue Impact of Recently Enacted Property Tax Exemptions School Tax Exemption for the Disabled FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 (CY 2010) (CY 2011) (CY 2012) (CY 2013) (CY 2014) (CY 2015) (CY 2016) Exemption (183,579,764) (165,612,464) (169,150,707) (192,098,092) (211,561,835) (223,485,782) (240,073,590) Bond Mills M&O Mills Revenue Impact (Combined) (2,594,166) (2,423,076) (2,474,844) (3,050,710) (3,359,814) (3,716,792) (3,992,664) Seven Year Cumulative Impact (16,594,824) Statewide Personal Property Exemption (7,500) FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 (CY 2010) (CY 2011) (CY 2012) (CY 2013) (CY 2014) (CY 2015) (CY 2016) Exemption (12,330,289) (12,213,568) (12,417,152) (12,086,431) (11,797,919) (10,941,896) (10,980,796) Bond Mills M&O Mills Revenue Impact (Combined) (174,239) (178,697) (181,675) (191,945) (187,363) (181,975) (182,622) Seven Year Cumulative Impact (925,580) StephensDay Homestead Exemption FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 (CY 2010) (CY 2011) (CY 2012) (CY 2013) (CY 2014) (CY 2015) (CY 2016) Exemption (1,093,629,960) (754,737,005) (384,427,023) (379,490,800) (356,528,619) (326,066,552) (337,733,457) Bond Mills M&O Mills Revenue Impact (M&O Only) (15,454,085) (11,042,557) (5,624,552) (6,026,693) (5,662,031) (5,422,813) (5,616,845) Seven Year Cumulative Impact (28,352,934) Maintenance and Operations Digest Exemption Growth Over Time Dollars 2,000,000,000 1,800,000,000 1,600,000,000 1,400,000,000 1,200,000,000 1,000,000, ,000, ,000, ,000, ,000,000 0 CALENDAR YEAR StephensDay 754,737, ,028, ,427, ,490, ,528, ,066, ,733,457 Other 1,290,799,849 1,420,217,667 1,500,826,331 1,703,329,610 1,909,392,221 2,085,624,082 2,183,710,694 SCCPSS Page 129 of 669

16 FY Adopted Budget Summary of Rate History (by Tax Year) Millage Rate Calendar Year M&O Bond Calendar Year M&O Bond Combined SCCPSS Page 130 of 669

17 SCCPSS Page 131 of 669 FY Adopted Budget Revenue Impact of Recent Property Tax Millage Rate Decisions Maintenance and Operations Digest Fiscal Year Calendar Year Millage RollBack Net Digest ,149,976, ,850,040,638 8,614,980 8,233,194 8,267,409 8,438,135 8,554,096 8,846,767 9,017, ,324,888,391 5,662,444 5,685,976 5,803,394 5,883,147 6,084,434 6,201, ,371,952, ,606,787,741 14,508,485 14,707,867 15,211,085 15,504, ,766,293, ,168,868,165 9,126,651 9,302, ,403,837,886 8,614,980 13,895,638 13,953,385 28,750,014 29,145,110 39,268,937 40,027,184 Cumulative Value 7 years 165,040,268 Bond Digest Fiscal Year Calendar Year Millage RollBack Net Digest ,399,330, ,323,561, ,685,382, ,866,257, ,833,473, ,061,636, ,197,316, ,815,255,343 Cumulative Value 7years Combined 165,040,268 Fiscal Year Calendar Year Millage RollBack Net Digest ,614,980 8,233,194 8,267,409 8,438,135 8,554,096 8,846,767 9,017, ,662,444 5,685,976 5,803,394 5,883,147 6,084,434 6,201, ,508,485 14,707,867 15,211,085 15,504, ,126,651 9,302, ,614,980 13,895,638 13,953,385 28,750,014 29,145,110 39,268,937 40,027,184 Cumulative Value 7 years NOTE: Reflects gross taxes levied (Not adjusted for Collection Fees, Penalties, Interest or timing of receipts)

18 FY Adopted Budget Ad Valorem Millage Rate History* Ten Largest School Districts in Georgia** CY 2016 CY 2015 CY 2014 CY 2013 CY 2012 District M and O Bond Combined M and O Bond Combined M and O Bond Combined M and O Bond Combined M and O Bond Combined Atlanta City Chatham Cherokee Clayton Cobb Dekalb Fulton Gwinnett Henry Richmond Average *Source: GA Department of Revenue Reports CY 2011 Source: School websites and confirmations from Budget Directors. **10 largest school districts based on 2010 GA State Department FTE Database Neighboring Counties CY 2016 CY 2015 CY 2014 CY 2013 CY 2012 District M and O Bond Combined M and O Bond Combined M and O Bond Combined M and O Bond Combined M and O Bond Combined Bryan Effingham Ten Largest School Districts in Georgia M & O CY Atlanta City Chatham Cherokee Clayton Cobb Dekalb Fulton Gwinnett Henry Richmond 2016 Ten Largest School Districts in Georgia Bond CY Atlanta City Chatham Cherokee Clayton Cobb Dekalb Fulton Gwinnett Henry Richmond 2016 Ten Largest School Districts in GA Combined M&O and Bond Combined 10 5 Atlanta City Chatham Cherokee Clayton Cobb Dekalb Fulton Gwinnett Henry Richmond SCCPSS Page 132 of 669

19 FY 2017 Adopted Budget Tax Digest and Millage Rates Consolidated School (Maintenance and Operations) Digest CY 2007 CY 2008 CY 2009 CY 2010 CY 2011 (FY 2008) (FY 2009) (FY 2010) (FY 2011) (FY 2012) Real and Personal 12,894,532,528 13,958,123,170 13,931,316,675 13,287,801,495 12,600,566,459 Motor Vehicles 584,847, ,291, ,274, ,195, ,043,990 Mobile Homes 23,265,200 24,095,200 23,423,600 23,200,400 22,538,390 Timber 2,622,380 1,295, ,054 1,993,557 1,430,748 Heavy Duty Equip 4,642,838 4,841,573 7,669,280 7,416,635 4,594,253 Gross Digest 13,509,910,926 14,605,647,402 14,605,160,269 13,896,607,177 13,206,173,840 Less Exemptions (2,453,125,475) (2,636,427,510) (2,455,183,953) (2,045,536,854) (1,882,246,638) Net Digest 11,056,785,451 11,969,219,892 12,149,976,316 11,851,070,323 11,323,927,202 Forest Land Assistance Grant Value 398, ,380 Adjusted Net Digest 11,056,785,451 11,969,219,892 12,149,976,316 11,851,469,123 11,324,325,582 Millage Net Levied 152,528, ,435, ,858, ,473, ,686,208 Levy Increase 11,371,000 7,907,067 2,422,859 4,614,827 (1,787,095) % Levy Increase 8.06% 5.18% 1.51% 2.83% 1.07% 170,000,000 M & O Net Levied Value 160,000, ,000, ,000, ,000, ,000, ,000, ,000,000 CY 2007 CY 2008 CY 2009 CY 2010 CY 2011 School Bond Digest CY 2007 CY 2008 CY 2009 CY 2010 CY 2011 (FY 2008) (FY 2009) (FY 2010) (FY 2011) (FY 2012) Real and Personal 12,894,532,528 13,958,123,170 13,931,316,675 13,287,801,495 12,600,566,459 Motor Vehicles 584,847, ,291, ,274, ,195, ,043,990 Mobile Homes 23,265,200 24,095,200 23,423,600 23,200,400 22,538,390 Timber 2,622,380 1,295, ,054 1,993,557 1,430,748 Heavy Duty Equip 4,642,838 4,841,573 7,669,280 7,416,635 4,594,253 Gross Digest 13,509,910,926 14,605,647,402 14,605,160,269 13,896,607,177 13,206,173,840 Less Exemptions (1,110,580,527) (1,166,109,553) (1,281,598,393) (1,209,795,849) (1,340,877,667) Net Digest 12,399,330,399 13,439,537,849 13,323,561,876 12,686,811,328 11,865,296,173 Forest Land Assistance Grant Value Adjusted Net Digest 12,399,330,399 13,439,537,849 13,323,561,876 12,686,811,328 11,865,296,173 Millage Net Levied Levy Increase % Levy Increase 0.00% 0.00% 0.00% 0.00% 0.00% Combined Millage Rate CY 2007 CY 2008 CY 2009 CY 2010 CY 2011 (FY 2008) (FY 2009) (FY 2010) (FY 2011) (FY 2012) Maintenance and Operations GO Bond Combined Total GO Bond Maintenance and Operations CY 2007 CY 2008 CY 2009 CY 2010 CY 2011 SCCPSS Page 133 of 669

20 FY 2017 Adopted Budget Tax Digest and Millage Rates Consolidated School (Maintenance and Operations) Digest CY 2012 CY 2013 CY 2014 CY 2015 CY 2016 (FY 2013) (FY 2014) (FY 2015) (FY 2016) (FY 2017) Change Real and Personal 12,607,971,796 13,003,903,361 13,451,148,738 14,174,485,269 14,625,620, ,134,969 Motor Vehicles 616,388, ,925, ,492, ,337, ,319,390 (101,018,140) Mobile Homes 27,102,608 27,803,358 27,225,240 26,223,266 24,668,693 (1,554,573) Timber 1,430, , ,279 3,297, ,497 (2,973,270) Heavy Duty Equip 2,162,864 1,291,594 1,822,898 3,208,785 2,378,665 (830,120) Gross Digest 13,255,056,086 13,687,426,968 14,030,010,545 14,575,552,617 14,920,311, ,758,866 Less Exemptions (1,885,253,354) (2,082,820,410) (2,265,920,840) (2,411,690,634) (2,521,444,151) (109,753,517) Net Digest 11,369,802,732 11,604,606,558 11,764,089,705 12,163,861,983 12,398,867, ,005,349 Forest Land Assistance Grant Value 2,149,759 2,181,183 2,204,172 5,006,182 4,970,554 (35,628) Adjusted Net Digest 11,371,952,491 11,606,787,741 11,766,293,877 12,168,868,165 12,403,837, ,969,721 Millage Net Levied 166,383, ,327, ,860, ,380, ,288,228 3,907,782 Levy Increase 671,205 17,941,176 2,532,752 15,471,681 3,908,374 (11,563,307) % Levy Increase 0.41% 10.79% 1.37% 8.28% 1.93% 220,000,000 M & O Net Levied Value 200,000, ,000, ,000, ,000, ,000, ,000,000 CY 2012 CY 2013 CY 2014 CY 2015 CY 2016 School Bond Digest CY 2012 CY 2013 CY 2014 CY 2015 CY 2016 (FY 2013) (FY 2014) (FY 2015) (FY 2016) (FY 2017) Change Real and Personal 13,958,123,170 13,931,316,675 13,287,801,495 12,600,566,459 12,607,971,796 7,405,337 Motor Vehicles 617,291, ,274, ,195, ,043, ,388,070 39,344,080 Mobile Homes 24,095,200 23,423,600 23,200,400 22,538,390 27,102,608 4,564,218 Timber 1,295, , ,072 1,993,557 1,430,748 (562,809) Heavy Duty Equip 4,841,573 7,669,280 7,416,635 4,594,253 2,162,864 (2,431,389) Gross Digest 14,605,647,402 14,605,160,269 13,895,178,692 13,206,736,649 13,255,056,086 48,319,437 Less Exemptions (1,209,795,849) (1,340,877,667) (1,423,732,331) (1,331,971,078) (1,834,898,261) (502,927,183) Net Digest 13,395,851,553 13,264,282,602 12,471,446,361 11,874,765,571 11,420,157,825 (454,607,746) Forest Land Assistance Grant Value 2,181,183 2,204,172 5,006,182 4,970,554 (35,628) Adjusted Net Digest 13,395,851,553 13,266,463,785 12,473,650,533 11,879,771,753 11,425,128,379 (454,643,374) Millage Net Levied Levy Increase % Levy Increase 0.00% 0.00% 0.00% 0.00% 0.00% % Combined Millage Rate CY 2012 CY 2013 CY 2014 CY 2015 CY 2016 (FY 2013) (FY 2014) (FY 2015) (FY 2016) (FY 2017) Change Maintenance and Operations GO Bond Combined Total GO Bond Maintenance and Operations CY 2012 CY 2013 CY 2014 CY 2015 CY 2016 SCCPSS Page 134 of 669