C2R1 LAKE COUNTY SCHOOLS DRAFT PROPOSED BUDGET 201314 6/30/2014 Reference General Fund Projected Revenues 278,045,733 C2R2/3 Prior Year CarryOver Encumbrances 500,000 Prior Year CarryOver Categoricals/Projects 1,835,218 Prior Year Fund Balance ( PreClosing Estimate) 11,886,352 Available Funds 292,267,303 District Expenditures 241,730,272 C2R5/6 District Expenditures Carry Over Categoricals/Projects 1,835,218 District Expenditures Encumbrances 500,000 Charter Expenditures 37,356,624 C2R2/3 (Less Administrative Fees) (401,000) J11 281,021,114 Fund Balance 11,246,189 Expenditures & Fund Balance 292,267,303 Summary of Fund Balance 4% Required Reserve 11,085,667 Undesignated 160,521 11,246,189 Summary of Beginning Fund Balance Required Reserve 4% of Revenue 10,462,587 Categoricals/Project Carryover 1,835,218 Encumbrances Carryover** 500,000 Inventory** 1,254,364 Unspent/ Cancelled Prior Year Budget** 169,401 Available to Carry Forward to 201314 14,221,570 ** Estimated as of 7/3/2013
C2R2 201112 201213 201314 201314 201213 201213 201213 REVENUES Audited 4th Calculation Gen Appr Act. 2nd Calculation Charter District Adjusted Other 40628 40628 40461.54 5,040.95 34,536.72 883.87 PreClosing (07/08/13) (07/17/13) 40461.54 Federal Direct: Federal Impact, Current Operation 3121 Reserve Officers Training Corps (ROTC) 3191 312,197.00 334,482.00 330,000.00 330,000.00 330,000.00 Miscellaneous Federal Direct 3199 Total Federal Direct 3100 312,197.00 334,482.00 330,000.00 330,000.00 330,000.00 Federal Through State and Local: Medicaid 3202 566,740.00 734,008.00 750,000.00 750,000.00 750,000.00 Stabilization Funds 3210 Stabilization Funds 3210 Stabilization Funds 3210 National Forest Funds 3255 97,933.00 82,461.00 82,500.00 82,500.00 82,500.00 Federal Through Local 3280 Miscellaneous Federal Through State 3299 512,642.00 600,928.00 320,000.00 600,000.00 600,000.00 Total Federal Through State and Loca 3200 1,177,315.00 1,417,397.00 1,152,500.00 1,432,500.00 1,432,500.00 State: Florida Education Finance Program 3310 86,916,188.00 101,317,310.00 107,252,369.00 109,507,989.00 13,035,493.06 93,903,475.93 2,569,020.70 Virtual 3310 Workforce Development 3315 4,212,939.00 4,160,625.00 3,949,722.00 3,949,722.00 3,949,722.00 Workforce Development Incentive Grant 3317 99,632.00 87,777.00 1,360,000.00 1,360,000.00 1,360,000.00 Adults with Disabilities 3318 42,500.00 42,500.00 42,500.00 42,500.00 CO&DS Withheld for Administrative Expense 3323 22,280.00 22,280.00 22,280.00 22,280.00 22,280.00 Categoricals: Florida Teachers Lead Program 3334 499,123.00 490,047.00 690,043.00 690,043.00 86,514.78 584,342.66 19,185.56 Instructional Materials 3336 3,163,179.00 3,114,212.00 3,202,880.00 3,202,880.00 383,141.00 2,717,911.93 101,827.00 District Discretionary Lottery Funds 3344 128,639.00 Transportation 3354 7,616,658.00 7,596,290.00 7,508,516.00 7,508,516.00 358,273.00 7,150,243.00 Class Size Reduction/Operating Funds 3355 44,032,199.00 44,407,776.00 43,845,760.00 43,845,760.00 6,156,891.00 37,688,869.00 School Recognition Funds 3361 1,564,347.00 1,796,167.00 1,796,167.00 1,796,167.00 225,196.10 1,521,031.31 49,939.59 Proration Adjustment ADJ (874,800.00) (34,824.00) (4,366.09) (29,489.68) (968.23) McKay Adjustment ADJ (1,655,778.00) Excellent Teaching Program 3363 PreSchool Programs (VPK) 3371 1,507,357.00 1,492,886.00 1,450,000.00 1,450,000.00 1,450,000.00 Teacher Salary Increase 6,939,315.00 6,939,315.00 870,023.04 5,876,355.25 192,936.71 Full Service Schools 3378 102,102.00 102,102.00 102,102.00 102,102.00 Public School Technology 3375 69,000.00 69,000.00 69,000.00 Teacher Training 3376 Other State: State Forest Funds 3342 State License Tax 3343 344,555.00 352,199.00 350,000.00 350,000.00 350,000.00 Other Miscellaneous State Revenue 3399 11,849.00 20,173.00 Total State 3300 150,118,945.00 162,471,766.00 178,580,654.00 180,801,450.00 26,420,887.89 151,448,621.41 2,931,941.33 Local: District School Taxes (RLE) 3411 98,794,281.00 92,509,518.00 91,653,842.00 89,717,731.00 10,935,736.00 78,781,995.00 District School Taxes (0.748) 3411 Additional 0.25 School Tax 3411 Tax Redemptions 3421 357,431.00 366,191.00 375,000.00 375,000.00 375,000.00
C2R3 201112 201213 201314 201314 201213 201213 201213 REVENUES Audited 4th Calculation Gen Appr Act. 2nd Calculation Charter District Adjusted Other 40628 40628 40461.54 5,040.95 34,536.72 883.87 PreClosing (07/08/13) (07/17/13) 40461.54 Payment in Lieu of Taxes 3422 Excess Fees 3423 Tuition 3424 Rent 3425 Interest on Investments 3431 10,268.00 18,478.00 20,000.00 20,000.00 20,000.00 Gain on Sale of Investments 3432 Net Increase (Decrease) in Fair Value of Inve 3433 Gifts, Grants and Bequests 3440 600.00 56,679.00 Other Student Fees 3469 Preschool Program Fees 3471 3472 School Age Child Care Fees 3473 Other School, Course and Class Fees 3479 Miscellaneous Local: Miscellaneous /Leased to Other 3490 1,631,783.00 1,985,042.00 2,100,000.00 2,100,000.00 2,100,000.00 Bus Fees 3491 Transportation ServicesSchool Activities 3492 1,103,293.00 512,007.00 600,000.00 600,000.00 600,000.00 Sale of Junk 3493 53,402.00 187,149.00 200,000.00 200,000.00 200,000.00 Receipt of Federal Indirect Cost Rate 3494 538,194.00 886,134.00 800,000.00 875,000.00 875,000.00 Other Miscellaneous Local Sources 3495 47,163.00 352,862.00 320,000.00 320,000.00 320,000.00 Impact Fees 3496 Refunds of Prior Year's Expenditures 3497 75,867.00 76,680.00 Collections for Lost, Damaged and Sold Tex 3498 Receipt of Food Service Indirect Costs 3499 261,158.00 390,286.00 370,000.00 370,000.00 370,000.00 Total Local 3400 102,873,440.00 97,341,026.00 96,438,842.00 94,577,731.00 10,935,736.00 83,641,995.00 Total Revenues 3000 254,481,897.00 261,564,671.00 276,501,996.00 277,141,681.00 37,356,623.89 236,853,116.41 2,931,941.33 OTHER FINANCING SOURCES (USES) Loans 3720 Sales of Capital Assets 3730 Loss Recoveries 3740 87,653.00 29,694.00 Transfers In/Out: From Debt Service Funds 3620 From Capital Projects Funds 3630 595,428.00 200,000.00 400,000.00 400,000.00 From Special Revenue Funds 3640 102,969.00 104,052.00 104,052.00 From Permanent Funds 3660 From Internal Service Funds 3670 2,000,000.00 From Enterprise Funds 3690 465,248.00 305,303.00 400,000.00 400,000.00 400,000.00 Total Transfers In 3600 2,465,248.00 1,003,700.00 600,000.00 904,052.00 904,052.00 0.00 Total Other Financing Sources (Uses) 2,552,901.00 1,033,394.00 600,000.00 904,052.00 904,052.00 0.00 Funds Available 2700 257,034,798.00 262,598,065.00 277,101,996.00 278,045,733.00 37,356,623.89 237,757,168.41 2,931,941.33 Total Funds Available 240,689,109.73
C2R4 201213 201314 201314 Charter District Other 4th Calculation Gen Appr Act 2nd Calculation Unweighted FTE 40,764.04 40,461.54 40,461.54 5,040.95 34,536.72 883.87 Weighted FTE 43,614.93 43,416.23 43,416.23 5,443.35 36,765.76 1,207.12 Base FEFP Funding 152,911,586 158,951,990 158,951,990 19,928,760 134,603,832 4,419,398 Plus: Declining Enrollment 49,443 49,443 W 6,200 41,868 1,375 SAI 9,566,909 9,554,540 9,554,540 U 1,189,665 8,156,160 208,715 Reading Allocation 1,881,922 1,869,707 1,869,707 1,869,707 0.748 Suppression 3,365,479 3,409,694 3,748,357 U 466,994 3,199,482 81,881 ESE Guarantee 12,489,276 12,387,365 12,387,365 1,104,517 11,282,848 Merit Awards ( Charters) Safe Schools 801,604 828,540 828,540 W 103,879 701,625 23,036 Gross State & Local FEFP 181,016,776 187,051,279 187,389,942 22,800,015 159,855,522 4,734,406 Required Local Effort (79,699,466) (79,798,910) (77,881,953) W (9,764,522) (65,952,046) (2,165,385) Net State Funding 101,317,310 107,252,369 109,507,989 13,035,493 93,903,476 2,569,021 Plus: Categoricals Transportation 7,596,290 7,508,516 7,508,516 W 358,273 7,150,243 Instructional Materials 3,114,212 3,202,880 3,202,880 W 383,141 2,717,912 101,827 Teacher's Lead 490,047 690,043 690,043 W 86,515 584,343 19,186 Class Size Reduction 44,407,776 43,845,760 43,845,760 W 6,156,891 37,688,869 Virtual Education Contribution 142,775 138,666 136,835 136,835 Teacher Salary Increase 6,939,315 6,939,315 W 870,023 5,876,355 192,937 Proration to Available Funds (1,027,575) (34,824) (4,366) (29,490) (968) Mckay Scholarships (1,655,778) Lottery Funds 1,796,167 1,796,167 1,796,167 W 225,196 1,521,031 49,940 Total State Funding 156,181,224 171,373,716 173,592,681 21,111,166 149,549,574 2,931,941 Total Local Funding 91,453,252 91,653,842 89,717,731 10,935,736 78,781,995 Total FEFP Funding 247,634,476 263,027,558 263,310,412 32,046,902 228,331,569 2,931,941 Funding Per UFTE 6,074.83 6,500.68 6,507.67 6.99 Funding per WFTE 5,677.75 6,058.28 6,064.79 231,263,511
C2R5 DRAFT 201314 BUDGET Salary Benefits Other Total Reference District Departments 9XXX District Departments 23,917,293 8,049,903 31,967,196 E11 9XXX District Departments 11,005,010 11,005,010 E11 Transportation (1,400,000) (1,400,000) Schools Instructional ( Includes 56 CSR Teachers) Run 6/24/13 85,932,106 25,472,113 111,404,219 D11/18 Other Instructional Run 6/24/13 6,522,140 1,819,232 8,341,372 D11/18 Other Funded Instructional Run 6/24/13 5,110,513 1,495,273 6,605,786 D11/18 Admin/Clerical/Support Run 6/24/13 15,083,359 4,701,604 19,784,963 D11/18 Instructional Support Run 6/24/13 5,431,947 3,356,496 8,788,443 D11/18 Custodial Run 6/24/13 6,414,218 3,078,649 9,492,867 D11/18 Other Support Run 6/24/13 408,803 189,964 598,767 D11/18 School Discretionary 2,694,663 2,694,663 D21 School Athletics 467,000 467,000 D21 School Band 75,000 75,000 D21 School Substitutes 1,799,625 1,799,625 D21 Worker's Compensation ( included in Benefits) (2,500,000) (2,500,000) Formula Adjustment for Health Insurance (2,813,100) (2,813,100) Budgeted Use of Salary Laspe 1.75% (2,635,850) (842,857) (3,478,707) Transfer to IDEA Grant 1/3 of ESE TA's (900,000) (100,000) (1,000,000) DistrictWide Utilities (excluding Fuel) 7,500,000 7,500,000 4xx Prior Year Estimate BGA Payment from Savings 766,967 766,967 Portable Leases ($200,000 from Capital) 640,000 640,000 360 I281 Portable Leases to Others 196,406 196,406 I291 Computer Licenses/Maintenance 1,050,460 1,050,460 692 F263 Worker's Compensation Insurance 2,500,000 2,500,000 320 Other Property/Liability Insurances 1,973,806 1,973,806 320 Textbooks 9260 2,984,893 2,984,893 520 Teacher Lead 9000 603,528 603,528 District Discretionary Lottery Funds (A+ Funds) 9000 1,413,000 157,971 1,570,971 191 Supplements Athletic 9000 720,000 80,000 800,000 Prior Year Estimate 192 Supplements Other 9000 450,000 50,000 500,000 Prior Year Estimate 195 Terminal Leave 9000 900,000 100,000 1,000,000 Prior Year Estimate
C2R6 District Projects PreK/ PreK Summer ( nonsalary) 79,175 79,175 EBD Contract Lifestream SAI 2,609,203 2,609,203 I301 Alternative DropOut Lifestream SAI 946,800 946,800 I301 Alternative DropOut ERHS SAI 290,700 290,700 I301 Saturday School SAI 63,090 63,090 I301 Local SAI SAI 813,341 813,341 I301 ESE Extended Year School SAI 301,114 301,114 I301 AVID 109,058 109,058 SAI DA/ ACER SAI 78,081 78,081 Advanced Placement 645,000 645,000 Virtual School (nonsalary) 499,963 499,963 Volunteer Fingerprinting 246,891 246,891 510 I011 SACS Accreditation 27,350 27,350 I021 Teacher Asst Educ Supplement 130,000 130,000 I031 HS Diplomas 11,000 11,000 510 I041 District/ State/Athletic/Academic 6,000 6,000 510 I051 Vocational Equipment Replacement (Funded from Capital) 202,050 202,050 ESOL NonStaff Allocation 37,800 37,800 I071 Alternative Certification 8,639 8,639 I081 Teacher Training 279,007 279,007 I091 Exempt Supplement 10,000 10,000 I101 Classified Clerical Supplement 30,000 30,000 I111 Medicaid Reimbursement 3,200 3,200 I121 Loss not covered Insurance 100,000 100,000 I141 Loss not covered Lightning 25,000 25,000 I151 Shared Services 11,050 11,050 310 I161 Project Graduation 7,500 7,500 510 I171 Promotions & Public Relations 9,000 9,000 I181 Science Fair 6,900 6,900 I191 Robotics 6,000 6,000 I201 Arts 3,943 3,943 I211 Take Stock in Children 9,315 9,315 I231 Health Issues 8,000 8,000 510 I241 LSSC Dual Enrollment 400,000 400,000 310 I251 School Media Allocation 144,000 144,000 510 I261 Red Ribbon Week 9,900 9,900 510 I261 Parent Notification System 56,275 56,275 390 D21 Trout Lake 16,500 16,500 330 Pr Yr Estimate McKay Scholarships 1,500,000 1,500,000 310 Pr Yr Estimate Teacher Salary Increases 5,296,066 773,226 6,069,292 Other Salary Increases 1,500,000 500,000 2,000,000 Total General Fund Budgeted Expenditures 157,533,220 43,568,474 40,628,579 241,730,272