Revenue Expense Summary FY 2021
Revenue Expense Summary FY 2021
Revenue Expense Summary FY 2021
FY 2020 FY 2021
General Fund Budget Budget
PT 32.1 6/3/19
16.468 mills (New with roll back 16.225 mills)
Local Property Taxes 30,913,244 32,604,057 6/22/2020 PT32.1
TAVT 2,350,000 3,600,000
Tax in lieu of Ad Valorem 1,825,000 2,040,566 Adj to 2020 actual
CARES - 1,195,100.00
Notes
(1) Salary/Benefit Expenses
Step Raises 851,000
Aides and Paraprofessional 261,000
Secondary Counselor 114,000
ECCA Bus Trips 115,000
Other Admin 802,000
Reduction in staff (1,772,726)
Various Other adjustments 66,729
437,003
(2) 2021 QBE Funding based on Conference Committee report of 6/26/2020 which includes FTE growth and TRS reduction to 19.06%.
07/13/2020 file:///conversion/tmp/scratch/483650156.xlsx
Effingham County Board of Education
Budget for Fiscal Year Ending June 30, 2021
0- Days Reduction 5 Days Reduction 0- Days Reduction 5 Days Reduction 0- Days Reduction 5 Days Reduction
Reduction 11% Reduction 11% Reduction 11% Reduction 11% Reduction 11% Reduction 11%
in Funding in Funding in Funding in Funding in Funding in Funding
With Roll Back 16.225 mills With Roll Back 16.225 mills Without Roll back 16.468 mills Without Roll back 16.468 mills With 1 mill increase= 17.468 mills With 1 mill increase= 17.468 mills
FY 2021 FY 2021 FY 2021 FY 2021 FY 2021 FY 2021
General Fund Budget Budget Budget Budget Budget Budget
QBE Allotment Earnings math error corrected math error corrected math error corrected math error corrected math error corrected math error corrected
Education Equalization Grant 11,886,373 11,886,373 11,886,373 11,886,373 11,886,373 11,886,373
unofficial QBE 6/27/2020 unofficial QBE 6/27/2020 unofficial QBE 6/27/2020 unofficial QBE 6/27/2020 unofficial QBE 6/27/2020 unofficial QBE 6/27/2020
QBE Earnings 64,824,406 64,824,406 64,824,406 64,824,406 64,824,406 64,824,406
Total QBE Earnings 76,710,779.00 76,710,779.00 76,710,779.00 76,710,779.00 76,710,779.00 76,710,779.00
Vocational and other state Grants 225,330 225,330 225,330 225,330 225,330 225,330
Expenses All adj. included All adj. included All adj. included All adj. included All adj. included All adj. included
Salary/Benefit Expenses 108,556,840 108,556,840 108,556,840 108,556,840 108,556,840 108,556,840
5 day calendar change (2,214,884) (2,214,884) (2,214,884)
Other Expenses 11,392,727 11,392,727 11,392,727 11,392,727 11,392,727 11,392,727
Total Expenses 119,949,567 117,734,683 119,949,567 117,734,683 119,949,567 117,734,683
Expenses vs Revenue (2,164,775) 50,109 (1,676,467) 574,719 333,028 2,547,912
07/13/2020 file:///conversion/tmp/scratch/483650156.xlsx
Effingham County Board of Education
Statement of Revenues and Expenditures
Actual and Budget
Eleven Months Ending May 31, 2020
Actual Budget Unencumbered
General Fund General Fund Percentage
Revenue
Local Sources 28,709,876 30,913,244 7.1%
TAVT 3,368,207 2,350,000 -43.3%
Local Other 740,030 650,000 -13.9%
GA Pacific and Lieu of Taxes 2,040,566 1,825,000 -11.8%
State Sources 78,782,992 85,217,744 7.6%
Federal/State Grant Sources 1,758,541 1,061,077 -65.7%
Transfer In - -
Total 115,400,212 122,017,065 5.4%
Expenditures
Instruction 70,987,029 81,066,659 12.4%
Pupil Services 6,836,953 5,155,525 -32.6%
Instructional Services 5,350,739 5,047,291 -6.0%
Media 1,940,701 2,121,077 8.5%