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12-31-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

Total Revenues       (FY 2013 -
Budgeted)

$18,243,000

$18,213,000

$19,198,000

$20,053,000

$20,903,000

$21,848,000

(FY 2014-18 Prior Year
Projected)

Additional Funding
from Student

Enrollment Increase (1)

(30,000)

390,000

425,000

410,000

490,000

355,000

State Aid Increase
(2)

470,000

330,000

340,000

355,000

560,000

"Other
Revenue" Increases/(Decreases)

125,000

100,000

100,000

100,000

100,000

Total Revenues

$18,213,000

$19,198,000

$20,053,000

$20,903,000

$21,848,000

$22,863,000

Total
Expenditures  (FY
2012 - Budgeted)

$18,374,000

$18,444,000

$19,198,000

$20,128,000

$21,288,000

$22,058,000

(FY 2013-17 Prior Year
Projected)

Salary Increases
(3)

370,000

250,000

270,000

275,000

400,000

Benefits Increases
(4)

124,000

250,000

220,000

220,000

230,000

Substitute
Teacher Salary Increase

25,000

Savings
From Retirees

(80,000)

(75,000)

(75,000)

(75,000)

(75,000)

Additional Staff

70,000

300,000

300,000

500,000

300,000

300,000

General
Fund costs transferred to C.O.

620,000

Other (Supplies,
Materials, Utilities, etc.)

15,000

30,000

50,000

50,000

50,000

Expenditure
Reductions/Revenue Increases

(600,000)

Operational
Costs of Additional Buildings

175,000

175,000

Total Expenditures

$18,444,000

$19,198,000

$20,128,000

$21,288,000

$22,058,000

$22,963,000

Budget
Surplus/(Deficit)

($231,000)

$0

($75,000)

($385,000)

($210,000)

($100,000)

Estimated Fund
Balance @ year end

$4,500,000

$4,500,000

$4,400,000

$4,000,000

$3,800,000

$3,700,000

24%

23%

22%

19%

17%

16%

Assumes
"other" & federal revenue remain stable.

Assumes no significant changes in current State Aid
formulas.

Schedule
is for projection purposes only.  It is
in no way intended to reflect actual negotiations with teachers union.

(1) Enrollment
Increases

115

85

90

85

100

70

(2)
State Aid % Increases

2.30%

3.00%

2.00%

2.00%

2.00%

3.00%

(3) Salary %
Increases

2.50%

3.00%

2.00%

2.00%

2.00%

3.00%

(4) Benefits %
Increases(Health, Dental,W/C)

0.00%

5.00%

10.00%

8.00%

8.00%

8.00%