Fiscal Year 2020 Budget Second Reading May 28

[Pages:164]Fiscal Year 2020 Budget

Second Reading May 28, 2019

(THIS PAGE INTENTIONALLY LEFT BLANK)

CHARLESTON COUNTY SCHOOL DISTRICT FISCAL YEAR 2020 PROPOSED BUDGET TABLE OF CONTENTS

Table of Contents Principal Officials

PAGE

OVERVIEW

Introduction............................................................................................. 1 Reconciliation of First Reading of Budget to Second Reading of Budget..................... 3 How to Use and Interpret This Document......................................................... 5 Assumptions used throughout the Budget Document............................................ 11 FINANCIAL SECTION Consolidated Budget Statements ? All Funds ..................................................... 13 General Operating Fund ............................................................................. 29 Special Revenue Funds ............................................................................... 49 Education Improvement Act Funds ................................................................. 67 Food Service Fund ..................................................................................... 81 Debt Service Fund ...................................................................................... 89 Capital Building Fund ................................................................................. 103 SUPPLEMENTAL INFORMATION Five Year Revenue Projection with Assumptions ............................................... 109 EFA Revenue Projection .............................................................................. 110 Ad Valorem & FILOT Projection.................................................................. 111 FY 2020 Index of Taxpaying Ability ............................................................. 112

CHARLESTON COUNTY SCHOOL DISTRICT FISCAL YEAR 2020 PROPOSED BUDGET TABLE OF CONTENTS

Act 388 Projected Allowable Millage ............................................................ 117 Millage History since 1990 ......................................................................... 118 Enrollment by Constituent District, School and Grade ......................................... 119

. FY2020 GOF School Staff Allocation Formulas ................................................... 121 Projected General Operating Fund FTE's by Formula .......................................... 123 FY 2020 Salary and Benefit Compensation Package............................................ 124 History of District Salary Increases................................................................................. 125 FY 2020 190 Day Teacher Salary Schedule ...................................................... 126 FY 2020 Approved Supplemental Pay and Stipend Schedules ................................ 127 Budget Detail for Expenditures Greater Than $50,000 ......................................... 136 Power Point Presentation from May 13 Committee of the Whole.... ........................ 140 Function Descriptions ............................................................................... 154 Funds Reserved for Future Use .................................................................... 158

CHARLESTON COUNTY SCHOOL DISTRICT CHARLESTON, SOUTH CAROLINA

PRINCIPAL OFFICIALS

FISCAL YEAR 2020 BUDGET

Board of Trustees Rev. Dr. Eric Mack, Board Chairperson Mrs. Kate Darby, Board Vice Chairperson

Mrs. Cindy Bohn Coats Rev. Chris Collins Mr. Todd Garrett

Mr. Kevin Hollinshead Ms. Priscilla Jeffery Ms. Joyce Green Mr. Chris Fraser

Superintendent Gerrita Postlewait, Ed.D.

Chief Financial and Administrative Officer Donald Kennedy

Jacqu? Carlen, Executive Director of Finance Lisa Cizler, Assistant Executive Director of Finance

Ann McIntosh-Hill, Budget Director

(THIS PAGE INTENTIONALLY LEFT BLANK)

Charleston County School District FY20 General Fund Budget

2nd Reading of FY 2020 Budget May 28, 2019

In accordance with District policy, the recommended Charleston County School District FY20 budget is balanced, reflecting both revenues and expenditures totaling $537,015,665. The proposed budget is based upon the proposed Senate version of the State budget, which is not yet finalized. The District will use approximately $6.7 million of Fund Balance reserves to fund the expansion of Early College High School to the third year, fund implementation of the second year of teacher salary increases to raise the starting pay for a first year teacher to $40,000, and fund several academic initiatives.

Under current State law, local taxes for school districts' general fund are not levied on owner-occupied homes. The general fund covers operational expenses of the school district, such as teacher salaries, student transportation, curriculum, professional training/development for teachers, janitorial services for school buildings, etc. Local taxes to cover these types of expenses are levied on local businesses, vehicles, and rental properties. An increase of 3.48 mills to these property categories is recommended in the FY20 budget.

The 3.48 is a combination of Charleston's rate of inflation of 2.44% and population growth of 1.04%, and is calculated by the South Carolina Revenue and Fiscal Affairs Office, using the CPI (Consumer Price Index) and population growth to identify the number of mills, theoretically, needed to maintain current educational programming. This millage increase will result in additional local revenue of $8.7 million.

This budget provides a 4% salary increase for all District teachers, plus an average 1.9% step increase (average total increase of 5.9%), a minimum starting salary for new teachers of $38,897, a 1.9% salary increase for eligible full-time staff that are not teachers, plus an average 1.9% step increase.

A $5 million reserve is included in the proposed budget to fund initiatives that will be adopted by the School Board on June 24, 2019. These initiatives, intended to alter some of the structures and processes for improving academic outcomes of under-performing schools, will be generated through a combination of suggestions from community groups (the Mission Critical Teams), staff recommended changes, and recommendations/suggestions already made by AdvancEd, the Clemson Inclusion and Equity Report, and the Charleston Shared Future scenarios.

An amount of $745,163 is recommended to establish a Sustainability Fund, which is to be used to support former State Priority schools. These schools received additional state funds when the schools did not meet minimum academic standings, but lost such funds when the schools improved academically. An argument for such a fund is that these schools made gains due to the additional state revenue and need the additional resources to help maintain/sustain the academic growth of the schools' students.

Separate supplemental salary schedules are included in the budget for math teachers teaching in high poverty schools and for teachers with twenty-six or more years of experience that teach in high poverty schools. In both cases the pay for teachers on these supplemental salary schedules is higher than the District's standard teacher salary schedule. The intent is to increase the average years of teaching experience in District schools that have some of the greatest challenges in improving student academic outcomes.

The Board will vote on the FY20 General Fund Budget at the second reading of the budget during the regular Board session on May 28, 2019. A public hearing will begin at 4:15pm that day for those who wish to comment on the proposed budget. In August 2019, the Board will adopt a revised FY20 budget that will reflect the use of the $5 million reserved to fund the initiatives to be adopted by the Board on June 24.

Page 1 of 158

2nd Reading of FY 2020 Budget May 28, 2019

Summary of Employee Compensation in Recommended FY20 General Fund Budget ? Teachers will receive a 4% cost of living adjustment plus one step, if eligible ? No full time teacher in Charleston County will be paid less than $38,897 per year ? No teacher in Charleston County will receive less than a 4% salary increase ? All other eligible employees will receive a 1.9% cost of living adjustment plus one step, if eligible

Summary of All Expenditures: The following new expenditures are in the recommended FY20 General Fund Budget. About $17.6 million reflects required State-mandated expenditures.

FY20 Required Increases: Teacher Compensation (State Mandates)

Use of Assigned Fund Balance - Increase to Starting Teacher Salaries

State Employer Health, Dental and Retirement Contribution Increases

Operations - Contractual Obligations Charter Schools Meeting Street Reserve for 7-Day Enrollment Reserve for Mission Critical Actions

$13,457,778

$ (2,516,497)

2,389,774

1,087,370 1,766,821 2,722,830 1,000,000 5,000,000

FY20 Expansions: Non-Teacher Compensation Early College Request

Use of Assigned Fund Balance - Early College Learning Services - Priority Learning Services - Compliance Learning Services - Expansion

Use of Assigned Fund Balance - Academic Growth Human Resources - Priority Human Resources - Need Operations - Priority Operations - Energy Savings Legal Counsel Requests Charter School Coordinator

Charter School Administrative Fee (0.25%) Sustainability funds for former Priority Schools

FTEs

3,923,139

8.0

1,214,628

(1,145,689)

40.5

2,783,260

3.0

253,763

21.0

2,099,967

(3,000,000)

1,036,135

1.0

289,519

6.0

1,146,490

(1,500,000)

1.2

163,690

1.0

118,198

(118,198)

745,163

TOTAL

81.7

$32,918,141

Page 2 of 158

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download