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