FY2009 Budget

Significant Challenges

• Austerity Reductions (7 Years)

• Growth . . . 2 New Schools

• Local 5 Mill Share• Millage Rate (20 mill cap)

• 2.5% State Salary Increase• Employer Contributions for Benefits

• Technology Funding• Transportation Funding

Revenue Constraints

Expenditure Constraints• State Mandated Class Sizes

• Limited Control Type Expenditures

• Labor Intensive General Fund Budget

State Austerity Reductions

FY03, $2,262,578

FY04, $4,884,991

FY05, $5,765,695

FY06, $5,765,643

FY07, $3,666,470

FY08, $3,243,614

FY09, $2,189,321

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

Total: $27,778,312

Tax Millage Analysis

YEAR MAINTENANCE AND OPERATION

BOND TOTAL

1994-95 17.00 4.50 21.50

1995-96 17.00 4.50 21.50

1996-97 17.50 4.00 21.50

1997-98 17.50 4.00 21.50

1998-99 17.50 4.00 21.50

1999-00 17.50 4.00 21.50

2000-01 17.15 3.06 20.21

2001-02 17.15 3.06 20.21

2002-03 17.65 3.06 20.71

2003-04 18.90 3.06 21.96

2004-05 18.90 3.06 21.96

2005-06 19.40 3.06 22.46

2006-07 20.00 3.06 23.06

2007-08 20.00 3.06 23.06

2008-09 20.00 3.06 23.06 (projected)

FY2008 Millage RatesMetro School Systems

School General Fund FTEGwinnett 19.25 158,726

Dekalb 22.98 98,815Fulton 16.90 85,526

Clayton 19.83 52,667

Henry 20.00 39,397

Forsyth 14.395 30,969

Cobb 18.90 108,759

Atlanta 22.649 49,036

Cherokee 18.45 36,296

Fayette 18.596 22,248Coweta 18.59 21,229

Rockdale 22.00 15,442

Millage Rate Information

ITEM CurrentM &O Millage

House assessed at Fair Market Value40% Assessment Rate

$ 150,000X 40%

Assessed Value for Tax PurposesHomestead Exemption

$ 60,000- 4,000

Tax Base for Property TaxMillage Rate

$ 56,00020 Mills

M & O School Tax $ 1,120

Property Taxes are levied on real and personal property. Based on values as of January 1 each year, taxes are levied using a “millage rate” which taxes citizens based on $1 per $1,000 of assessed property value.

QBE Mandated Local Five Mill Share

$0$5,000,000

$10,000,000$15,000,000$20,000,000$25,000,000$30,000,000$35,000,000$40,000,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Fiscal Year

Loca

l Sha

re

Year Local Share

2000 $11,426,580

2001 $13,142,262

2002 $14,372,992

2003 $16,987,244

2004 $20,256,061

2005 $21,887,674

2006 $24,630,968

2007 $27,781,939

2008 $30,823,198

2009 $33,961,929

These amounts are deducted from the State revenue earned by Henry County

Local Five Mill Share – The Local Share for each local system is an amount of money equal to the amount that can be raised by levying five (5) mills on the forty (40) percent equalized property tax digest.

Facility Growth

Patrick Henry included in totals.

Henry County SchoolsNumber of Schools

Last Ten Fiscal Years

Fiscal Year Elementary Middle High Total

2000 16 4 4 24

2001 17 6 6 29

2002 17 6 6 29

2003 17 6 6 29

2004 18 6 6 30

2005 20 7 7 34

2006 21 7 7 35

2007 23 8 8 39

2008 26 9 9 44

2009 28 9 9 46

Student Population Growth

Year 2009 2010 2011 2012 2013Enrollment 40,050 41,497 42,971 44,421 46,044Change from prior year

1,222 1,447 1,474 1,450 1,623

Five Year Projection

Year 2004 2005 2006 2007 2008Enrollment 29,921 32,413 35,454 37,468 38,828Change from prior year

------ 2,492 3,041 2,014 1,360

Five Year History

• 2.5% State increase to salary schedules• 3% step increase

Salary Increase

Health Insurance

Health InsuranceEmployer Rates

Last Five Fiscal Years2009 18.534%(projected)

2008 18.534%

2007 16.713%

2006 14.200%

2005 13.100%

2004 13.100%

Note: Board’s Projected Cost For FY09 - $30,477,005.

Pupil Transportation Revenue/Expenditures

02,000,0004,000,0006,000,0008,000,000

10,000,00012,000,00014,000,00016,000,000

2002 2003 2004 2005 2006 2007 2008 2009

State Funding Expenditures

Operating Fund Balance

Fund Balance 6/30/2007 $25,344,776*

Projected Fund Balance 6/30/2008 $26,500,000*

* - Cash Basis

REVENUE $326,712,5268.67% Increase

EXPENSE $326,712,5267.62% Increase

Note: FY08 Revenue Increase – 10.11%FY08 Expenditure Increase – 10.57%

Revenue

43%

57%

Local Revenue $138,408,705

State Revenue $187,739,821

Local Revenue

Year State Revenue

Local Revenue

Total Revenue

Local %

2009 187,739,821 138,408,705 326,148,526 43%

2008 168,675,491 129,937,042 298,612,533 44%

2007 148,553,693 116,279,080 264,832,773 44%

2006 125,601,436 100,768,580 226,370,016 45%

2005 113,963,881 93,035,417 206,999,298 45%

2004 102,009,180 88,929,950 190,939,130 47%

2003 97,883,824 72,361,369 170,245,192 43%

2002 90,384,657 64,358,975 154,743,630 42%

2001 78,550,240 53,240,365 131,900,605 40%

2000 76,475,059 50,810,913 127,285,972 40%

Note: State amounts include mid-term adjustment. FY 2009 amounts are projections and exclude Federal revenue.

Statewide Funding for K-12 Public Education: General Fund

Funding Gap

30.0%35.0%40.0%45.0%50.0%55.0%60.0%65.0%

FY01 FY02 FY03 FY04 FY05 FY06 FY07

State Contribution Local Contribution

Source: GDOE – Financial Data Collection System. Data not available for FY08 & FY09.

Tax Digest History

2008 6% Projected

2007 10.02% 2006 10.19%

2005 10.11%2004 9.33%

2003 13.01%

2002 10.20%2001 16.90%

2000 16.10%1999 11.71%

State Funding

QBE Formula Earnings $201,574,859

Local Fair Share 33,961,929

Cumulative Austerity 2,189,321

Equalization 12,073,939

Pupil Transportation 1,939,609

Nurses 657,067

Mid-Term Earnings 6,000,000

TOTAL FUNDING $187,739,821 (11% increase)

Other Grants 1,645,597

Equalization Grant

FY2009 (Projected) $12,073,939

FY2008 $6,315,873

FY2007 $3,625,688

FY2006 $1,163,020

FY2005 $1,913,976

FY2004 $1,097,119

FY2003 $1,819,088

FY2002 $2,739,232

FY2001 $2,175,882

Equalization grants are additional State funds earned by school districts whose property “wealth per student” (WPS) is below the 75th percentile of all districts in the State.

Equalization GrantProperty Wealth Rank

School System Property Wealth Rank for FY2008

Property Wealth Rank for FY2009

Atlanta 3 3

Butts 61 61

Cherokee 39 43

Clayton 72 79

Coweta 52 55

Fayette 34 34

Forsyth 19 19

Greene 1 1

Gwinnett 50 56

Henry 59 64

Newton 92 94

Paulding 101 99

Rabun 2 2

Rockdale 55 54

Note: Systems ranked #47 - #180 receive funding.

Expenditures How the money is spent

Instruction 71%

Maintenance & Operation 9%

School Administration 6.5%

Support Services 2.5%

Student Transportation 5%

Educational Media 2%

Business Services .5%

Central Support Services 1%

General Administration .5%

Pupil Services 2%

Per Student Expenditure

(40,050 Students)$8,158

Note: Amount represents annual operating expenses only. Excludes capital expenditures for new schools and improvements.

Per Student Expenditures

$0.00$1,000.00$2,000.00$3,000.00$4,000.00$5,000.00$6,000.00$7,000.00$8,000.00$9,000.00

2009 2008 2007 2006 2005 2004 2003 2002 2001 2000

Per Student StateAverage

Per Student HenryCounty Average

Note: FY2008 & FY2009 State averages not available.

Expenditures for Salaries and Benefits

12%

88%

OtherExpenditures$39,551,529

Salaries$219,453,485 Benefits$67,707,512

New Positions for FY2009

50 - Regular Education Teachers (5 positions Art, Music, P.E. and 2 ESOL positions)

11 - Special Education Teachers

2 - Principals

2 - Assistant Principals

2 - Media Specialists

2 - Media Paraprofessionals

4 - Clinic Aides

6 - School Secretaries

1- Assessment Coordinator

22 - Custodians

1- School Resource Officer

1- Compliance Coordinator

1- Math Coordinator

1- Human Resources Employment Specialist/Coordinator

1- Payroll/Benefits Coordinator

1- Social Worker

13 - Bus Drivers

.5 - Community Development from half-time to full-time

1 - Administrative Services Coordinator

Departments

• Administrative Services - $150,050• Curriculum - $9,016,390• Facilities - $3,271,000• Finance - $246,700• Human Resources - $121,000• Professional Learning - $917,406• School Improvement - $206,750• Special Education - $400,000• Student Services - $341,215• Technology - $2,539,915• Testing - $613,600• Transportation - $5,303,017

Note: Expenditures exclude salaries/benefits.

Expenditures by Object

Salaries $219,453,485Benefits 67,707,512School Allotments 3,386,583Purchased Professional 4,353,601Utilities 9,666,100Fuel 2,933,980Repairs & Maintenance 2,165,000Insurance 1,044,778Travel 393,776Supplies 4,290,945Textbooks 5,570,582Equipment 4,133,318Computers 725,508Dues and Fees 687,358Contingency 200,000

Total $326,712,526

Summary

• Balanced Budget

• Millage Rate

• Mission Statement – 71% Budget Direct Instruction

• Personnel Requests

• 88% Budget Employee Salaries/Benefits

• Fund Balance

• Salary Increase

• State Austerity Reduction

• Tax Digest Growth

• Transportation & Technology Funding