School Board Adopted FY 2013 Budget - Fluvanna County Public ...

More documents

Recommendations

Info

State Revenue: Most state funding is allocated through the Local Composite Index (LCI). This is a formula set out in the Virginia General Assembly’s annual appropriations act that measures a locality’s ability to pay for its schools based on population, school enrollment, and factors such as True Value of Property, Adjusted Gross Income, and General Sales and Use Taxes. A description of the LCI and specific information used to calculate it are contained in Appendix C. Fluvanna’s LCI for the 2012 – 2014 biennium is 0.3924, which means that Fluvanna is responsible for 39.24% of the state – calculated costs of educating its children and the state share is 60.76%. Based on Governor’s Introduced Budget of December 19, 2011, Fluvanna County Public Schools will receive $18,451,976 from the state in Fiscal Year 2013. This is $753,590 more than projected and budgeted for Fiscal Year 2012. The following chart shows the funding received from the state from Fiscal Year 2007 through the projection for Fiscal Year 2014. Note: For the chart above, the Fiscal Years 2012 – 14 Revenue projections are based on state projected ADM. 16
Federal Revenue: Federal funds are received for various entitlement programs and specific grants. It must be expended in accordance with the entitlement or grant-specific directives. Federal revenue for Fiscal Year 2013 is projected to be $757,590 less than FY 2012. Local Revenue: The amount of additional County funding requested in the Superintendent’s Proposed Budget is $1,389,027 more than FY 2012, for a total of $36,247,112. 17
Page 1 and 2: FLUVANNA COUNTY PUBLIC SCHOOLS SCHO
Page 3 and 4: FLUVANNA COUNTY PUBLIC SCHOOLS CENT
Page 5 and 6: March 14, 2012 To: Members of the F
Page 7 and 8: Table of Contents Mission………
Page 9 and 10: FLUVANNA COUNTY - VIRGINIA Founded
Page 11 and 12: Average Daily Membership The princi
Page 13 and 14: FLUVANNA COUNTY PUBLIC SCHOOLS POIN
Page 15: Revenue Fluvanna County Public Scho
Page 19 and 20: Expenditures The following table sh
Page 21 and 22: Pupil Transportation 2,375,458 FY 2
Page 23 and 24: Appendix A Salary: Scales and Compa
Page 25 and 26: Appendix A FY 2012 Teacher Salary S
Page 27 and 28: Appendix A TEACHER'S SALARY SCALE 2
Page 29 and 30: Appendix A TEACHER AIDE'S SALARY SC
Page 31 and 32: Appendix A SCHOOL SECRETARY'S SALAR
Page 33 and 34: Appendix B Project Title: Agency: C
Page 35 and 36: Appendix B Project Title: Agency: F
Page 37 and 38: Appendix B Project Title: Agency: F
Page 59 and 60: Appendix C Composite Index of Local
Page 61 and 62: Appendix C Step 3 -- Combining of t
Page 63 and 64: Appendix D Glossary of Terms This g
Page 65: Appendix D Virginia Public School A

School Board Adopted FY 2013 Budget - Fluvanna County Public ...

Create successful ePaper yourself

Delete template?

Save as template?