MaST II. Multi-Year Budget Santilli()yhomson. (.)( Solutlone for the Bu1lneaa of Education

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1 MaST II Multi-Year Budget Santilli()yhomson (.)( Solutlone for the Bu1lneaa of Education

2 Revenues Projected Revenues 2017 MaST -11 Budget Assumptions for Fiscal Year 2018 School District of Philadelphia New Students $ 1,027,921 3% increase in Subsidy $ 154,188 Grants All other Local State Funding Federal Funds 5,857,489 $1,182,109 $ (400,000) $ 105,645 $ 15,060 $ 272,758 FY 2017 $ 8,142 $ $ 24,582 $ FY ,386 Regular ED Subsidy 25,565 SPED Subsidy Projected Rervenue 2018 $ 7,033,061 Expenditures Projected Expenditures 2017 $ 4,510,161 Salary 3% Salary Increase $ 51,252 Teachers (4) $ 168,800 Specialist Teachers(1) $ 51,500 Classroom Aides (3) $ 45,320 Special Education Teachers (2) $ 98,880 Special Education Aides (3) $ 45,320 Media Specialist (1) $ 49,440 Admin Support Staff (1) $ 44,290 Building Support Staff (2) $ 22,660 Technology (1) $ 46,350 Other Support (2) $ 24, % $ 77,646 --' '-- Total Cost of New Positions less Medical and Pension Cost $ 674,926 04/13/ Prepared By: Santilli Thomson, LLC

3 MaST - II Budget Assumptions for Fiscal Year 2018 Medical Benefits 10% Pension Benefit 5% Cost of Renovations at St Williams $ 213,300 $ 44,076 $ 257,376 $ 160,000 Cost of Additional Students and 3% - 4% expenditure increase Additional Funds for new Students with severe medical needs $ 388,442 $ 123,000 Projected Expenditures 2018 $ 6,165,158 Projected Results of Operations 2018 $ 867, ,903 04/13/2017 Prepared By: 2 Santilli Thomson, LLC

4 MaST-11 Fiscal Year Revisions Grades K-3 K-3 K-4 K-5 Regular Ed Per Pupil Aid 7, ,142 8,386 8,638 Special Ed Per Pupil Aid 24,669 (86) 24,582 25,320 26,079 Opening Fund Balance - Undeslgnated 0 1,347,328 2,215,231 Summary by Function Revenues School District Subsidy 4,045,672 66,011 4,111,682 5,293,791 6,543,126 Other Local 1,420,839 (190,620) 1,230, , ,616 State 60, ,240 75,300 90,360 Federal 259, , , , ,780 Total Revenue 5,786,041 71,449 5,857,489 7,033,061 7,567,881 Expenditures Instruction Regular Education 1,727, ,916 1,871,652 2,183,972 2,694,943 Special Programs 486,723 (58,421) 428,302 1,023,328 1,120,295 Other Instructional Programs 47,160 (22,910) 24,250 59,560 73,298 Support Services Guidance 66,784 (5,727) 61,057 63,584 66,261 Psychological Services 32,000 14,165 46,165 83,642 86,922 Social Worker 72,338 Professional Services 12,370 (600) 11,770 13,400 14,442 Library 56,000 (56,000) 139, ,338 Other Support Services 28,092 17,073 45, ,412 82,229 Legal Services 85,000 (65,500) 19,500 74,500 89,400 Office of CEO , ,683 Administrative 790,529 10, , ,673 1,050, 100 Pupil Health 32,800 45,048 77,848 84,163 91,094 Business 102,000 15, , , ,584 Lease 282, , ,623 1,730,355 Building Services 230, , , , ,551 Security 30,000 (30,000) 0 30,000 30,900 TP.r.hnnlnnv 85,000 (40,000) 45, , ,023 Santill&h Sol~I~ ~r~~buelnen o f Education 3

5 MaST -11 Fiscal Year Revisions Grades K-3 K-3 K-4 K-5 Noninstructional Services Student Activities 39, ,953 52,382 59,586 Extended Day 24,830 22,830 47,660 48,472 49,926 Parent lnvolvment 3,500 3,500 7,000 7,210 7,426 Total Expenditures 4,163, ,627 4,510,161 6,165,158 8,484,692 Budgetary Reserve(Debt Service & Capital Projects) Operating Surplus (Deficit) 1,622,507 (275,178) 1,347, ,903 (916,810) Ending Fund Balance - Undesignated 1,622,507 (275,178) 1,347,328 2,215,231 1,298,421 Summary by Major Class Salaries 1,707,400 1,000 1,708,400 2,602,240 3,095,482 Benefits 636,754 (5,361) 631, ,809 1,260,457 Professional Services 680,370 (106, 100) 574, , ,340 Building Services 485, , , ,116 1,979,742 Other Purchased Services 178,200 (12,500) 165, , ,969 Supplies and Books 231, , , , ,280 Equipment 244,000 69, , , ,676 4,163, ,627 4,510,161 6,061,544 8,344,946 Salaries 37.86% 0.02% 37.88% 42.93% 37.09% Benefits 14.12% -0.12% 14.00% 16.16% 15.10% Professional Services 15.09% -2.35% 12.73% 13.99% 11.74% Building Services 10.76% 4.31 % 15.08% 12.72% 23.72% Other Purchased Services 3.95% -0.28% 3.67% 3.00% 2.61% Supplies and Books 5.13% 4.56% 9.69% 6.98% 6.02% Equipment 5.41% 1.54% 6.95% 4.22% 3.71% 92.31% 7.69% % % % Santi ll&~,~~~.~~uelnoh of Educotlon 4

6 MaST-11 Fiscal Year Budgeted Enrollment Grades Adopted K-3 Budget Revisions Revised K- 3 Requested K-4 Projected K-5 1 Opening Fund Balance Undesignated 2 3 Revenues 4 5 School District Subsidy 6 Regular Education 7 Special Education 8 9 Other Local 10 Bank Interest 11 IDEA 12 Extended Day 13 Fundraising 15 PSP Award & Other Commonwealth 18 Rental & Sinking Fund Payments 19 Health Services Federal 23 Federal Entitlements 24 Federal Block Grant Total Revenues 2,762,898 1,282,773 4,045,672 4,439 26,400 40,000 1,350,000 1,420,839 56,240 4,000 60,240 17, , ,290 5,786,041 70,500 {4,490} 66,011 (2,220) 61,600 {250,000} {190, 620~ 0 196, ,057 71, ,833,399 1,278,284 4,111,682 2,220 88,000 40,000 1, 100,000 1,230,220 56,240 4,000 60, , , ,347 5,857,489 1,347,328 3,648,001 1,645,790 5,293,791 2,220 73, ,000 50, , ,865 70,300 5,000 75, , , , 105 7,033,061 2,215,231 4,508,929 2,034,197 6,543,126 2,242 88, ,000 60, ,616 84,360 6,000 90, , , ,780 7,567, Sa nt i ll&~~~,~~bu lne.. ofeducallon 5

7 MaST-11 Fiscal Year Revisions Grades K-3 K-3 K-4 K Expenditures Instruction Regu lar Education Salaries 992,000 (32,000) 960,000 1,222,920 1,488, Employee Benefits 382,736 (42,584) 340, , , Professional Substitue Services 8,000 (4,000) 4,000 5,000 6, Other Contracted Purchased Services 15,000 (7,500) 7,500 7,725 7, Supplies/Software 50,000 50, , , , Books 100,000 80, , , , Furniture & Equipment 100,000 (20,000) 80,000 60,000 70, Technology 80, , , , , ,727, ,916 1,871,652 2,183,972 2,694, Special Programs Salaries 276,400 (51,000) 225, , , Employee Benefits 128,323 (7,421) 120, , , Professional Services 52, , , , APS 30, ,000 86,800 92, ,723 {58,421} 428,302 1,023,328 1,1 20, Tutoring/Summer School Salari es 40,000 (20,000) 20,000 51,500 63, Employee Benefits 5,660 (2,910) 2,750 6,515 8, Supplies 1, ,500 1,545 1, ,160 {22,910} 24,250 59,560 73, Total Instruction 2,261,619 62,585 2,324,204 3,266,860 3,888, SantilliQ Thomson 0 Solutlona for the Bualnoaa of Education 6

8 MaST - II Fiscal Year Revisions Grades K-3 K- 3 K-4 K Support Services Counseling Salaries 48,000 (5,000) 43,000 44,290 45, Employee Benefits 18,784 {727} 18,057 19,294 20, ,784 {5,727} 61,057 63,584 66, Psychological Services Salaries 30,000 30,000 61,800 63, Employee Benefits 16, ,165 21,842 23, Professional Services 32,000 {32,000} ,000 14,165 46,165 83,642 86, Social Worker Salaries , Employee Benefits , , Professional Development Professional Services 4,870 (600) 4,270 5,600 6, Other Purchased Services 7, ,500 7,800 8, ,370 {600} 11,770 13,400 14, Library Salaries ,440 50, Employee Benefits ,044 21, Books/Supplies/Software 32,000 (32,000) 0 40,000 48, Equipment 24,000 {24,000} 0 30,000 36, ,000 {56,000} 0 139, , Other Support Salaries 24,000 6,000 30,000 55,620 57, Employee Benefits 4,092 11,073 15,165 8,792 24, ,092 17,073 45,165 64,412 82, Legal Services Audit Services 2,500 2,500 22,500 27, Legal Services 85,000 {68,000} 17,000 52,000 62, ,000 {65,5 00~ 19,500 74,500 89, ~~ 99 Santi I I ~ l~~~,~~eualnou 01 Educallon 7

9 MaST - 11 Fiscal Year Revisions Grades K-3 K-3 K-4 K Office of the CEO Salaries 0 113, , Employee Benefits 0 29,335 30, , , Administrative Salaries 238,000 (10,000) 228, , , Employee Benefits 81,829 (11,954) 69,875 62,978 95, Professional Services 15, ,000 15,450 15, Management Contract 320,000 30, , , , Other Purchased Services Insurance 68, ,000 73,440 79, Postage 4, ,000 5,000 6, Telephone 4, ,800 6,000 7, Advertising 2, ,400 3,000 3, Travel 2, ,500 2,575 2, Other 12, ,000 12,360 12, Supplies 12,000 10,000 22,000 27,500 33, Administrative Software 15,000 (7,500) 7,500 7,725 7, Furniture & Equipment 15, ,000 16,815 14, ,529 10, , ,673 1,050, Pupil Health Salaries 45,000 45,000 46,350 47, Benefits 18,348 18,348 19,594 20, Professional Services 30,000 (27,500) 2,500 3,219 3, Supplies 2,800 9,200 12,000 15,000 18, ,800 45,048 77,848 84,163 91, Business Salaries Benefits Business Services 80, ,000 90,000 95, Printing 16, ,000 20,000 24, Software Hosting/Amortization 0 15,000 15,000 15,450 15, Payroll Services 6, ,000 7,725 9, Supplies ~!) 102,000 15, , , , Sant j I I &~1~~~.~~Bu1lnm of Educ otlon 8

10 MaST - II Fiscal Year Revisions Grades K- 3 K-3 K-4 K Operation & Maintenance Salaries 34,000 18,000 52,000 76,220 78, Employee Benefits 7,547 11,819 19,366 26,790 28, Property Services Utilities 68,699 (52,314) 16,385 25,777 54, Building Construction Project Property RenUDebt Service 282, , ,623 1,730, Renovations 303, , ,000 25, Trash 14, ,721 15,163 15, Custodial 56,432 (20,289) 36,143 61,875 63, Extermination 3, ,500 1,375 1, Maintenance and Repairs 30,000 (5,905) 24,095 29,303 58, Supplies 16,000 30,000 46,000 59,225 71, Electric & Gas 65,860 65, , , Equipment 3,500 3,500 3,605 3, , , ,764 1,010,570 2,269, Security Security Services 30,000 {30,000} 30,000 30, ,000 {30,000} 0 30,000 30, Central Information Technology Salaries ,350 47, Benefits ,594 20, Professional Services 20,000 (10,000) 10,000 26,000 31, Internet Services 40,000 (20,000) 20,000 20,600 41, Supplies I Equipment 25,000 {10,000} 15,000 15,450 35, ,000 {40,000} 45, , , Total Support Services 1,833, ,712 2,091,344 2,790,233 4,479, Extra Curricular Student Activities Salaries 35, ,000 46,500 52, Employee Benefits 4, ,953 5,882 6, , ,953 52,382 59, Santill&homson Solution for the Bualn e11 of Eduoatlon 9

11 MaST - 11 Fiscal Year Revisions Grades K-3 K-3 K-4 K Extended Day Salaries 20,000 20,000 40,000 41,200 42, Employee Benefits 2,830 2,830 5,660 5,212 5, Supplies 2, ,000 2,060 2, ,830 22,830 47,660 48,472 49, Parent Involvement Professional Services 3,500 3,500 7,000 7,210 7, Supplies 1,500 1,500 1,545 1, ,500 3,500 7,000 7,210 7, Total Extra Curricular 68,283 26,330 94, , , Total Expenditures 4,163, ,627 4,510,161 6,165,158 8,484, Budgetary Reserve (Debt Service & Capital Projects) Excess of Revenue over Expenditures 1,622,507 {275,178} 1,347, ,903 {916,810} Ending Fund Balance - Undesignated 1,622,507 {275,178} 1,347,328 2,215,231 1,298, SantilliQ Thomson ~~llona for the Buatneu of Education 10

MaST-11 Personnel Staffing Table Year 2 Fiscal Year: 2017-18 Average Position Title Positions Salary 1100 Classroom Teachers 24 42 200 Soecialist Teachers 1 55 620 Classroom Aides - FT 2 24 720

12 MaST-11 Personnel Staffing Table Year 2 Fiscal Year: Average Position Title Positions Salary 1100 Classroom Teachers Soecialist Teachers Classroom Aides - FT Classroom Aides - PT Certs/Subs/Bonuses 12,360 Sub Total Total Salary 1 012,800 55,620 49,440 92,700 12,360 1,222, Medical Insurance 277, , FICA 77,479 4,255 3,782 7,092 92, ALT 50,640 2,781 2,472 4,635 60, Tuit. Dlsab SUI 35,251 1, ,071 40, Worker's Comp 15, , ,344 TOTAL COST 1,468,562 76,562 57, ,889 1,71 1, Soecial Ed. Teachers Soecial Ed Aides - FT Soecial Ed Aides - PT Readina Soecialist 2 51, ,000 41,200 24, , ,920 96,250 23,100 23, ,450 31,518 3,152 1,891 7,880 44,441 20,600 2,060 1,236 5,150 29,046 12,481 2,765 2,699 3,012 20,957 6, ,545 8, ,029 72,895 30, , , I Summer School/Tutorina I I 10 5, ,500 I 51,500 I - 3,940 I 3,940 2,575 I 2,575 I - I - 58,015 I 58, I Guidance Counselor I I 1 44, ,290 I 44,290 11,550 I 11,550 3,388 I 3,388 2,215 I 2, I I ,584 I 63, Ps cholo isl 61,800 61,800 61,800 11,550 4,728 4,728 3,090 3,090 1,547 1, ,642 83, Media S ecialist 49,440 49,440 49,440 3,782 3, ,472 1,498 1, ,484 69, Other Su ort Services - FT 1 30,900 Other Su ort Services - PT , ,620 2, ,255 1, , ,697 28,716 64, CEO/Princioal 1 113,300 Dean 1 64,890 Sunnnrt Staff - FT Sunnnrt Staff - PT 1 12, ,300 64,890 88,580 12, ,130 23,100 46,200 8,667 4,964 6, ,353 5,665 3,245 4, ,957 1,753 1,560 2, ,617 1, , , ,635 87, ,168 14, , Nurse 46,350 46,350 46,350 3,546 3,546 2,318 2,318 1,485 1, , I Buildina Manaaer I I 1 41,200 I Summer Helo I I 12,360!Custodian PT I I 2 11, ,200 I 12,360 I 22,660 I 76,220 I I I 3,152 I 946 I 1,733 I 5,831 2,060 I 618 I 1,133 I 3, I 300 I 2,691 I 4, I 185 I 340 I 1,143 60,045 I I 28,557 I 103, Tech S ecialist 46,350 46,350 46,350 3,546 3,546 2,318 2,318 1,485 1, ,944 65, Extra Curricular Sti ends ,500 46,500 3,557 3,557 2,325 2,325 52,382 52, Extended Da 0 41,200 0!Grand Totals 76! 41,200 41,200 2,602,240 I 546,100 I 3,152 3, ,121 I 2,060 2, ,496 I 81,085 I 36,946 I 46,412 46,412 3,ss2,049 I Sant ill~omson Sotutlon tot th Bu1ln111 ol Ectuu!Jon 11 MaST 11_5 Year Budget Working 4.xls

New Foundations Charter School. Financial Operations Report

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