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Budget Assumptions

2018 CGCSC Budget
 
Introduction
General
Debt Service
Capital Projects
Transporation
Bus Replacement
Budget Assumptions
Revenue Estimate
Spending Plan
Cash Flow
Miscellaneous

GENERAL FUND
October 26, 2017

Revenue Assumptions: 

  • Projected enrollment: increase by 172 students to 8,255
  • Special Education Projected Pupil Count: up slightly from the prior year 
  • Vocational Education: up slightly from the prior year 
  • Academic Honors Diplomas: up 38 from last year 
  • Building Rental: about the same as prior year (we don’t know 2017 yet) 
  • Summer School: about the same as prior year (we don’t know 2017 yet)
  • Total Funding as follows: 

2017 Budget                                                                    2018 Budget

Basic Grant Funding:               $48,783,228                         Basic Grant Funding:               $51,225,926
All Miscellaneous Revenues:        $636,772                          All Miscellaneous Revenues:        $654,074
Total General Fund:                 $49,420,000                        Total General Fund:                 $51,880,000  


Expenditure Assumptions:

  • Staff Changes:
    • 2016-17:         
      • 10 new teaching positions
      • 4 instructional assistants
      • 1 grounds position
      • 1 communications position
    • 2017-18:         
      • None 
  • Utility Projections:
    • Capital Projects Fund can pay $1,297,873 of utilities in 2018
    • Total utility expense in the General Fund has increased by $90,000 from 2017
  • Property/Liability/Auto: We have budgeted about $313,000, an increase of $27,000 from last year. 
  • Group Health Insurance:
    • We have budgeted an increase in corporation expense of 4% for January 1, 2018. 
    • No change in premium expense for employees
  • Retirement rates:

PERF

TRF

2006

4.75%

2006-07

7.00%

2007

5.25%

2007-08

7.25%

2008

6.25%

2008-09

7.25%

2009

6.50%

2009-10

7.00%

2010

6.75%

2010-11

7.50%

2011

7.50%

2011-12

7.50%

2012

9.00%

2012-13

7.50%

2013

10.00%

2013-14

7.50%

2014

11.20%

2014-15

7.50%

2015

11.20%

2015-16

7.50%

2016

11.20%

2016-17

7.50%

2017

11.20%

2017-18

7.50%

  • Total Expenses: $51,880,000