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ATLANTA COMMUNITY SCHOOLS 2010-11 PROPOSED EXPENDITURE BUDGET

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ATLANTA COMMUNITY SCHOOLS 2010-11 PROPOSED EXPENDITURE BUDGET Powered By Docstoc
					                                         ATLANTA COMMUNITY SCHOOLS
                               2010-11 PROPOSED EXPENDITURE BUDGET DETAIL
                                                               Adopted  AMEND # 3               Proposed
                                              FTE   2008-09    06/08/09   06/14/10                2010-11
                                           2010-11   Actual    2009-10    2009-10
INSTRUCTIONAL COSTS
 ELEMENTARY SCHOOL-GRADES K-6
            Teacher Salaries                    4.86   277,315    312,000   288,000                  275,000
            Cash in Lieu of Insurance                    2,220      2,220     2,220                    2,220
            Early Retirement Incentive                  23,500     15,000    15,000                   15,000
            Health, Dental, Vision, LTD                 67,069     82,000    71,000                   77,600
            MPSERS 16.74/16.94/19.41                    45,766     53,229    49,163                   53,378
            FICA @ 7.65%                                23,563     25,185    23,349                   22,355
            Contracted PE Tch-Fairview                                                                34,000
TITLE I, KDGN 1/2 DAY
            Teaching Salaries (.5 Kdgn)         0.50    29,900         0     30,495                   31,100
            Health, Dental, Vision, LTD                  8,514         0      8,920                   11,305
            MPSERS 16.74%/16.54%/16.94%/19.41            4,946         0      5,166                    6,037
            FICA @ 7.65%                                 2,287         0      2,333                    2,379
TITLE I SUPPORT TEACHERS(Grades 1-6)
            Teaching Salaries                   3.00   155,528    162,000   135,450                  167,600
            MPSERS @ 16.54%/16.94%/19.41                25,717     27,540    22,945                   32,531
            FICA @ 7.65%                                12,238     12,393    10,362                   12,821
            Cash in Lieu of Insurance                    4,440      4,440     4,440                    4,440
            Health, Dental, Vision, LTD                 21,162     23,000    14,300                   26,450
            Title I Substitutes                                              18,700                        0
OTHER EXPENSES
            Workers Compensation                             0          0         0                      300
            Contracted Teacher Substitutes               6,059      6,000     9,000                    7,000
            Workshops/Conferences                          751      1,000       600                      500
            Software License Fees                        6,010      7,500     7,500                    7,500
            Teaching Supplies, Copier Costs             15,206     14,000     9,000                    9,000
            Textbooks                                    2,688      6,000     3,000                    3,000
            Capital Outlay                               3,881      2,000     2,000                    2,000
            Dues and Other Fees                            728      1,000       700                    1,000
                        TOTAL                   8.36   739,488    756,507   733,643                  804,516

HIGH SCHOOL-GRADES 7-12
          Teacher Salaries                       8.5   464,895    470,000   460,000                  435,000
          Summer School Teacher                          1,311      3,000         0                        0
          After School Program-PASS                          0          0         0                        0
          Early Retirement Incentive                    17,000      6,500     6,500                   13,000
          Health, Dental, Vision, LTD                  148,875    165,000   164,000                  173,000
          MPSERS 16.74/16.54/16.94%/19.41               77,307     80,410    77,924                   84,434
          FICA @ 7.65%                                  35,669     36,682    35,687                   34,272
          Workers Compensation                               0          0         0                      300
          Contracted Teacher Substitutes                17,256     12,000    21,000                   15,000
          Workshops/Conferences                          1,771      2,000     1,000                    1,000
          Software License Fees                            851      2,200       200                    2,200
          Tuition & Fees                                 7,096      8,000    12,000                   22,000
          Teaching Supplies, Copier Costs               15,043     12,000    14,000                   12,000
          Textbooks                                      3,232      9,000     3,000                    5,000
          Summer School-Supplies                             0        500         0                        0
          Dues and Other Fees                            1,368      2,000     1,000                    1,000
          Capital Outlay                                 1,492      5,000         0                    2,000
                      TOTAL                      8.5   793,166    814,292   796,311                  800,206




                                                                               Atlanta Community Schools
                                                                                Proposed 2010-11 Budget
                                                                                                06/14/10
      Atlanta Community Schools-Budget Amendment # 3
      06/14/10                                         1
                                        ATLANTA COMMUNITY SCHOOLS
                             2010-11 PROPOSED EXPENDITURE BUDGET DETAIL
                                                              Adopted    AMEND # 3                          Proposed
                                               FTE 2008-09    06/08/09    06/14/10                            2010-11
                                           2010-11  Actual    2009-10      2009-10
MICHIGAN SCHOOL READINESS-PRE-SCHOOL
          NEMCSA Head Start Contracted Services        61,200     61,200      40,800                              40,800
                  TOTAL                                61,200     61,200      40,800                              40,800

SPECIAL EDUCATION
          Teacher Salaries                    1.71          108,199        112,000      128,000                   83,000
          Teacher Aide-Kdgn                                   9,908         11,000        3,485                        0
          Cash in Lieu of Insurance                               0              0            0                        0
          Early Retirement Incentive                              0              0            0                        0
          Health, Dental, Vision, LTD                        40,708         43,000       46,000                   25,000
          MPSERS 16.74/16.54/16.94%/19.41                    19,554         20,910       22,274                   16,110
          FICA @ 7.65%                                        8,655          9,410       10,059                    6,350
          Unemployment Compensation (Beth H.)                     0              0        8,500                    3,000
          Purchased Services (Sub Teachers)                   4,969          3,000        3,000                    3,000
          Workshops/Conferences                                  50            500            0                        0
          Teaching Supplies                                   1,239          1,200        1,200                      700
          Textbooks                                             816          1,000        1,000                      400
                      TOTAL                   1.71          194,098        202,020      223,517                  137,560


TITLE I TEACHER AIDES
AFTER SCHOOL TUTORING                                             0

ALTERNATIVE EDUCATION                                                                         0                         0
          Director                              0.00         53,542                           0                         0
          Teacher Salaries                      0.00         17,308                           0                         0
          Assistant/Teacher                     0.00              0                           0                         0
          Health, Dental, Vision, LTD                        18,765                           0                         0
          MPSERS @ 16.54%                                    11,379                           0                         0
          FICA @ 7.65%                                        6,958                           0                         0
          Secretarial/Clerical-Thumb Ed         0.00              0                           0                         0
          Sub Teacher-C.Mason-MVU               0.00              0                           0                         0
          Unemployment Costs                                  1,448          8,000       10,000                         0
          Sub Teachers-Thumb Ed                               5,640                           0                         0
          Workshops/Conferences                               1,476                           0                         0
          Tuition for On-Line Classes                         4,000                           0                         0
          Tuition for On-Line Classes-                            0                           0                         0
          Advertising/Publishing Expenses                         0                           0                         0
          Teaching Supplies                                     890                           0                         0
          Textbooks                                             156                           0                         0
          Office & Other Supplies                               361                           0                         0
                      TOTAL                     0.00        121,923          8,000       10,000                         0

            TOTAL INSTRUCTION COSTS            18.57    1,909,875.00   1,842,018.45 1,804,271.89             1,783,080.85




                                                                                           Atlanta Community Schools
                                                                                            Proposed 2010-11 Budget
                                                                                                            06/14/10
       Atlanta Community Schools-Budget Amendment # 3
       06/14/10                                             2
                                           ATLANTA COMMUNITY SCHOOLS
                                 2010-11 PROPOSED EXPENDITURE BUDGET DETAIL
                                                                 Adopted  AMEND # 3               Proposed
                                                FTE   2008-09    06/08/09   06/14/10                2010-11
                                             2010-11   Actual    2009-10    2009-10
SUPPORT SERVICES
STUDENT SUPPORT SERVICES
 GUIDANCE
          Guidance Counselor                              9,916      10,600            0                        0
          Health, /Dental, Vision, Ltd                    5,696       5,100
          MPSERS @ 16.54/17%                              1,118       1,802
          FICA @ 7.65%                                      517         811
          Guidance Conselor-Contracted Fairview               0           0
          Workshops/Supplies                                395         500
                                                         17,642      18,813            0                        0
 HEALTH SERVICES
          School Nurse-TB Community Health                  9,000     9,000      9,000                    9,000
          Supplies                                            184       200        200                      200
                                                            9,184     9,200       9200                     9200
SCHOOL SUCCESS WORKER-Contracted Services                            20,000    20,000                   21,000
                                                                0    20,000     20000                    21000
         Playground Supervision                             1,009     2,000          0                        0
         Drug Free Schools & Sprinkler Lake Fee             1,155     2,000          0                        0
SCHOOL TRUANCY OFFICER
         Montmorency County                                 4,000     4,500     4,500                        4,500

            TOTAL PUPIL SUPPORT COSTS                    32,990      54,513    33,700                   34,700

ARRA TITLE I INSERVICE
            LindaMood-Bell Teacher Stipend                     0               16,600                           0
            LindaMood-Bell Teacher MPSERS                                       2,745                           0
            LindaMood-Bell Teacher FICA                                         1,270                           0
            LindaMood-Bell Prof. Development                                   51,000                           0
            LindaMood-Bell Inservice-Food                                       2,360                           0
            LindaMood-Bell-Inservice Material                                  16,455                           0
            LindaMood-Bell Support Staff                                            0                           0
            LindaMood-Bell Support MPSERS                                           0                           0
            LindaMood-Bell Support FICA                                             0                           0
            LindaMood-Bell Prof. Development-2010-11                                0                           0
            TOTAL STAFF SUPPORT COSTS                          0               90,430                           0


BOARD OF EDUCATION
          Board Salaries                                  3,125       3,000     3,000                    3,000
          FICA                                              239         230       230                      230
          Legal Services                                 12,334       6,000    13,000                    4,000
          Audit Services                                 12,850      12,000    13,500                   13,500
          Election Costs                                    364       1,000         0                    1,000
          Board Inservice                                   114       1,500       500                      500
          MASB Supt. Search                               1,295           0         0                        0
          Printing & Publishing Expenses                  1,866       2,500     1,500                    1,500
          Miscellaneous Expenses                              0         100       100                      100
          MASB & Other Dues                               1,478       1,500     1,500                    1,500
                                                         33,665      27,830    33,330                   25,330




                                                                                 Atlanta Community Schools
                                                                                  Proposed 2010-11 Budget
                                                                                                  06/14/10
       Atlanta Community Schools-Budget Amendment # 3
       06/14/10                                         3
                                          ATLANTA COMMUNITY SCHOOLS
                                2010-11 PROPOSED EXPENDITURE BUDGET DETAIL
                                                                Adopted  AMEND # 3               Proposed
                                               FTE   2008-09    06/08/09   06/14/10                2010-11
                                            2010-11   Actual    2009-10    2009-10
OFFICE OF SUPERINTENDENT
           Salary of Superintendent/ Principal           73,850     81,275    81,275                   81,275
           Salary of Interim Superintendent               5,096          0         0                        0
           Health, Dental, Vision, Ltd Insurance         15,610     18,700    18,000                   20,500
           MPSERS @ 16.54%/16.94%/19.41                  12,236     13,817    13,768                   15,775
           FICA @ 7.65%                                   6,040      6,218     6,218                    6,218
           Workers Compensation                             100        100       100                      100
           Mileage Reimbursement-Interim                    378          0         0                        0
           Inservice/Conferences                              0      1,400         0                    1,000
           Moving Expense                                 2,500          0         0                        0
           Miscellaneous                                      0        200       200                      200
           MASA & Other Dues                              1,283      1,500     1,500                    1,500
           TOTAL OFFICE OF SUPERINTENTENT               117,093    123,209   121,061                  126,568




                                                                                Atlanta Community Schools
                                                                                 Proposed 2010-11 Budget
                                                                                                 06/14/10
       Atlanta Community Schools-Budget Amendment # 3
       06/14/10                                         4
                                          ATLANTA COMMUNITY SCHOOLS
                                2010-11 PROPOSED EXPENDITURE BUDGET DETAIL
                                                                Adopted  AMEND # 3               Proposed
                                               FTE   2008-09    06/08/09   06/14/10                2010-11
                                            2010-11   Actual    2009-10    2009-10
OFFICE OF PRINCIPAL
           Principal Salary                               9,291          0         0                        0
           Secretarial                                   46,233     47,350    48,600                   50,800
           ParaPro                                       12,863     12,750     4,175                        0
           Health, Dental, Vision, LTD                   35,836     39,600    35,000                   42,600
           MPSERS @ 16.72/16.54/16.94%/19.41             11,337     10,217     8,940                    9,860
           FICA @ 7.65%                                   5,232      4,598     4,037                    3,886
           Unemployment Compensation (Anna A.)                                 5,100                    2,000
           Workers Compensation                             100        100       500                      500
           Workshops/Conferences                            294        500       500                      500
           Contracted Substitute Clerical                   557      1,000     1,000                    1,000
           Software License Fees                          4,015      4,500     4,500                    4,500
           Postage Meter Rental & Postage                 2,840      3,000     3,000                    3,000
           Copy Machine Maintenance                       6,341      5,000     1,500                    1,500
           Office Supplies                                7,705      8,000     5,000                    5,000
           Dues                                               0          0         0                        0
                                                        142,644    136,615   121,852                  125,146
BUSINESS SERVICES
          Secretarial/Bookkeeper Salaries                62,015     62,800    63,500                   64,500
          Overtime                                           90        300       300                        0
          Health, Dental, Vision, LTD                    32,651     35,800    34,800                   43,000
          MPSERS @ 16.72/16.54/16.94/19.41%              10,297     10,727    10,808                   12,519
          FICA @ 7.65%                                    4,751      4,827     4,881                    4,934
          Workers Compensation                               75         75       250                      300
          Contracted Payroll Services- ADP               11,382     11,000     7,000                    7,000
          Contracted Business Services-AMAESD             8,550          0         0                        0
          Contracted Business Mgr. Services               2,714     12,000    11,000                   12,000
          Workshops/Conferences                             262        500       500                      500
          Software License Fees (SDS)                     3,330      3,000     5,000                    3,000
          Postage Meter Rental & Postage                  1,840      2,000     2,000                    2,000
          Copy Machine Maintenance                        4,129      3,000     3,000                    3,000
          Office Supplies                                 3,059      5,000     3,000                    3,000
          Summer Tax Collection Fees                     19,860     20,000    19,000                   20,000
          Miscellaneous Expenses                            559        500       500                      500
                                                        165,564    171,529   165,538                  176,254
OTHER BUSINESS SERVICES
          Property Tax Refunds                           14,073     10,000    13,000                   15,000
          Errors & Omission Insurance                     3,192      3,500     3,000                    3,000
                     TOTAL                               17,265     13,500    16,000                   18,000




                                                                                Atlanta Community Schools
                                                                                 Proposed 2010-11 Budget
                                                                                                 06/14/10
       Atlanta Community Schools-Budget Amendment # 3
       06/14/10                                         5
                                          ATLANTA COMMUNITY SCHOOLS
                                2010-11 PROPOSED EXPENDITURE BUDGET DETAIL
                                                                Adopted  AMEND # 3               Proposed
                                               FTE   2008-09    06/08/09   06/14/10                2010-11
                                            2010-11   Actual    2009-10    2009-10
OPERATION AND MAINTENANCE
          Supervision                                     5,864      5,600     5,600                    5,700
          Health, Dental, Vision, LTD                     2,500      2,530     2,530                    2,530
          MPSERS 16.72%/16.54/16.94%/19.41                  972        952       952                    1,106
          FICA                                              448        428       428                      436
          Workers Compensation                                9        100       500                      200
          Unemployment Compensation                           0          0         0                        0
          Inservice                                           0        500         0                        0
          Refuse Service                                  3,456      3,600     3,600                    3,600
          Telephone                                      15,493     15,000    12,000                   12,000
          Telephone & Internet-Alternative Ed             1,124          0         0
          USF Rebates                                   -14,673     -9,000         0                        0
          Software License Fees                               0          0         0                        0
          Water-Sewage                                      781      1,000     1,000                    1,000
          Building, Property & Liability Insurance       17,249     19,000    19,000                   20,000
          Alternative Ed-Elkland Center Rental           11,400          0         0                        0
          Contracted Cleaning Services-HI-TEC           106,636    108,000   112,000                  112,000
          Contracted Building Oper Services-MM           14,800     14,800    14,800                   14,800
          Security System Maintenance                     2,631      3,000     3,000                    3,000
          Contracted Building Repairs                    28,546     15,000    45,000                   20,000
          Grounds Maintenance-Snow Removal, Etc          10,313     11,500     4,000                   11,500
          Uniform/Entry Mat Rentals                         828      1,000     1,000                    1,000
          Building Repairs/supplies                       9,998      6,000     6,000                    6,000
          Equipment Repairs                              13,659     12,000    18,000                   12,000
          School Vehicle Operation & Maintenance            993        700       700                      700
          Natural Gas Heating                            68,211     70,000    55,000                   55,000
          Electrical Costs                               46,169     55,000    45,000                   45,000
                      TOTAL                             347,407    336,710   350,110                  327,572
TRANSPORTATION SERVICES
          Supervisor/Mechanic                            32,496     35,800    35,800                   36,300
          Bus Driver Salaries                            55,849     56,500    51,000                   58,000
          Bus Drivers-Class Trips                         3,379      3,000     3,000                    3,000
          Bus Drivers-Athletic Trips                                                                    7,000
          Cash in lieu of Insurance                           0          0         0                        0
          Health, Dental, Vision, LTD                    37,797     38,300    33,000                   39,000
          MPSERS 16.72%/16.54%/16.94%/19.41              15,336     16,201    15,212                   20,245
          FICA @ 7.65%                                    5,726      7,290     6,867                    7,979
          Workers Compensation                                0        600     2,000                    2,500
          Contracted Substitute Drivers                   8,835      8,000    17,000                    8,000
          Contracted Pupil Transportation-Sp Ed                                4,300                    4,000
          Workshops/Conferences                             626        500       500                      500
          Bus Insurance                                   2,282      2,600     2,600                    2,600
          Bus Driver D & A (OMS)                            564        600       600                      600
          Bus Driver Physicals                              778        800       800                      800
          Bus Rentals-Soverign Bank                      25,223     25,225    25,225                        0
          Bus Repairs-Contracted                          2,877      3,000     1,000                    3,000
          Bus Repair Parts                               11,125     12,000    10,000                   10,000
          Bus Fuel/Oil/Grease-10,500 gals gas            27,330     26,250    28,250                   29,400
          Tires, Tubes & Batteries                        1,045      2,000     2,000                    2,000
          Miscellaneous Supplies                          1,586      2,000     2,000                    2,000
          Payoff of bus leases                                                60,900                        0
          Association Dues                                   25        250       250                      250
                      TOTAL                             232,879    240,916   302,304                  237,174




                                                                                Atlanta Community Schools
                                                                                 Proposed 2010-11 Budget
                                                                                                 06/14/10
       Atlanta Community Schools-Budget Amendment # 3
       06/14/10                                         6
                                          ATLANTA COMMUNITY SCHOOLS
                                2010-11 PROPOSED EXPENDITURE BUDGET DETAIL
                                                                Adopted  AMEND # 3                    Proposed
                                               FTE   2008-09    06/08/09   06/14/10                     2010-11
                                            2010-11   Actual    2009-10    2009-10
STAFF/PERSONNEL SERVICES
          Employee Background Check                           336         500         100                          200
          Inservice/Training-Support Staff-Title II                         0           0                         4720
          Inservice-CMU Improving Teacher Trg                                        3900                            0
                       TOTAL                                  336         500       4,000                        4,920
TECHNOLOGY SERVICES
          Contracted Services-BAISD                        28,684      22,000      28,000                   28,000
          Software Licenses                                 4,809       6,000       4,000                    4,000
          Internet M-33 Access                                  0         500         500                      500
          U of M Merit Network                              7,942       9,000       3,000                    3,000
          Supplies & Other                                    146           0           0                        0
                       TOTAL                               41,581      37,500      35,500                   35,500
ATHLETIC PROGRAM
          Athletic Director                                                                                 11,200
          Coaching Salaries-Staff                                                                            8,000
          MPSERS @ 19.41`%                                                                                   3,727
          FICA @ 7.65%                                                                                      14,688
          Contracted Coaches                                                                                32,720
          Field Maintenance Supplies                                                                         1,200
          Athletic Officials                                                                                10,500
          Athetic Supplies                                                                                  12,000
                       TOTAL                                                            0                   94,035
DEBT SERVICE PAYMENTS
          CitiMortgage-Johnson Controls                    12,452      12,900      94,000                        0
          Hewlett Packard-(169) Computers-5yrs             34,137      36,800      36,400                   38,800
          USDA                                                              0           0                        0
          GE Capital/Toshiba-4 Copiers-5yrs                                 0           0                        0
          Kubota Credit Corp-Lawn Mower & Tractor-5 yr     12,660           0           0                        0
          Interest on Loans                                11,089       9,100      11,400                    2,550
                       TOTAL                               70,338      58,800     141,800                   41,350

            TOTAL OTHER SUPPORT COSTS                    1,168,772   1,147,110   1,291,496                1,211,849

            TRANSFER TO FOOD SERVICES & ATHL               68,159      67,975      84,975                           0

            TOTAL EXPENDITURES                           3,179,796   3,111,616   3,304,873                3,029,630

            TOTAL REVENUES                               3,454,832   3,168,790   3,252,430                2,971,469

            BUDGET BALANCE                                275,036      57,174      -52,443                  -58,161


Prepared by:
Donald C. Schaedig
    3/2/2010
   4/23/2010
   4/27/2010
   4/28/2010
    5/2/2010
    5/7/2010
    5/8/2010
   5/10/2010
   5/28/2010
    6/6/2010
    6/7/2010




                                                                                     Atlanta Community Schools
                                                                                      Proposed 2010-11 Budget
                                                                                                      06/14/10
       Atlanta Community Schools-Budget Amendment # 3
       06/14/10                                           7
                                                        General Fund
                                             RESOLUTION FOR ADOPTION BY THE
                                                BOARD OF EDUCATION OF THE
                                               ATLANTA COMMUNITY SCHOOLS
                                          2010-11 FISCAL YEAR BUDGET RESOLUTION

       RESOLVED, that this resolution shall be the General Appropriations of the Atlanta Community Schools
for the fiscal year 2010-11: A resolution to make appropriations; and to provide for the expenditures of the appropriations;
and to provide for the disposition of all revenue received by the Atlanta Community Schools.

      BE IT FURTHER RESOLVED, that the total revenues and unappropriated fund balance estimated to be available
for appropriation in the general fund of the school district for the fiscal year 2010-11 which includes 17.8776 mills of ad
valorem taxes to be levied on non-homestead and non-qualified argicultural property to be used for operating purposes
is as follows:
                                                                                                                     Adopted
                                                                                                                     06/14/10
            REVENUES
            Local                                                                                                 $1,880,500
            State                                                                                                     708,400
            Federal                                                                                                   322,569
            Incoming Transfers and Other Transactions                                                                  60,000
            TOTAL REVENUE                                                                                         $2,971,469

           Projected Fund Balance-June 30, 2009                                                                    $318,344

           TOTAL AVAILABLE TO APPROPRIATE                                                                        $3,289,813
           TOTAL APPROPRIATED FOR FISCAL YEAR 2009-10                                                            $3,029,629
           PROJECTED FUND BALANCE, JUNE 30, 2010                                                                   $260,184




     BE IT FURTHER RESOLVED, that                $3,289,813 of the total available to appropriate in the
General Fund is hereby appropriated in the amounts and for the purposes set forth below:
          EXPENDITURES
          INSTRUCTION:
          Basic Programs                                                                                         $1,645,520
          Added Needs                                                                                               137,560
          Alternative Education                                                                                           0
          SUPPORT SERVICES:
          Pupil                                                                                                      34,700
          Instructional Staff-LindaMood-Bell                                                                              0
          General Administration                                                                                    151,898
          School Administration                                                                                     125,146
          Business                                                                                                  194,254
          Building Operation & Maintenance                                                                          327,572
          Pupil Transportation                                                                                      237,174
          Technology Services                                                                                        35,500
          Staff Inservice-CMU & Title II, Part D                                                                      4,920
          Athletic Program Expenditures                                                                              94,035
          Debt Service Payments                                                                                      41,350
          Transfer to Athletic Fund & Food Services                                                                       0
          TOTAL APPROPRIATED                                                                                     $3,029,629

      BE IT FURTHER RESOLVED, that any Board of Education member or employee of the school district shall not
expend funds or obligate the expenditure of any funds pursuant to appropriations made by the Board of Education and
in keeping with the budgetary policy statement hitherto adopted by the Board. Changes in the amount appropriated by
the Board shall require approval of the Board.
       BE IT FURTHER RESOLVED, that the Superintendent of Schools is hereby charged with the general supervision
of the execution of the budget adopted by the Board and shall hold the department heads responsible for performance
of their responsibilities within the amounts appropriated by the Board of Education and in keeping with the budgetary
policy statement hitherto adopted by the Board.

      This appropriation resolution is to take effect on JuLy 1, 2010.

Ayes: Member: Laruel Orm, Ernie Valentine, John Fazekas, Ron Karr, David Smith, and Janette Sarkozi
Nays:Member: Ernie Valentine

Date Adopted: June 14, 2010

 6/7/2010
                                            (Debt Retirement Appropriation Resolution)
                                             RESOLUTION FOR ADOPTION BY THE
                                                 BOARD OF EDUCATION OF THE
                                               ATLANTA COMMUNITY SCHOOLS
                                                  2010-11 DEBT RETIREMENT

     BE IT FURTHER RESOLVED, that the total revenues and unappropriated fund balance estimated to be available

for appropriation in the Debt Retirement Fund of the school district for the fiscal year 2010-11 which includes 3.25000 mills of ad

valorem taxes to be levied on all property to be used for debt retirement purposes is as follows:


           REVENUES
           Local Tax Revenues                                    $540,000
           Interest Income                                          8,000

           TOTAL REVENUES                                        $548,000

           Projected Fund Balance, July 1, 2010                   190,000

           TOTAL AVAILABLE TO APPROPRIATE                        $738,000


Debt Retirement Fund is hereby appropriated in the amounts for the purposes set forth below:

           2005 Debt Principal Payments            405000
           2005 Debt Interest Payments             160613
           Paying Agent Fees                          525
                                                 $566,138
           TOTAL APPROPRIATED FOR FISCAL YEAR 2008-09

           FUND BALANCE, JUNE 30, 2011                           $171,862


      This appropriation resolution is to take effect on July 1, 2010.

Ayes: Member: Laruel Orm, Ernie Valentine, John Fazekas, Ron Karr, David Smith, and Janette Sarkozi
Nays:Member: None

Date Adopted: June 14, 2010
 6/5/2010

				
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