Charter School Pro Forma

Appendix D

BUDGET AND OTHER MATTERS

Table of Contentsnumber of pages

A. Student Enrollment Chart 1

B. Budget Summary Years 1 to 5 1

C. Budget Detail Years 1 to 5 5

D. Monthly Budget, Year 1: 2012-2013 5

E. Monthly Budget, Year 2: 2013-2014 5

F. Monthly Budget, Year 3: 2014-2015 5

G. Monthly Budget, Year 4: 2015-2016 5

H. Monthly Budget, Year 5: 2016-2017 5

I. Start-Up Budget 1

J. Revenue Estimate Worksheet 2

K. School Desing 2

L. Staffing Matrix 2

Total Pages 39

PAGE 1

Charter School Operations

STUDENT ENROLLMENT CHART

Year 1 Year 2 Year 3 Year 4 Year 5 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018

Up to # Up to # Up to # Up to # Up to #Grade Students Grade Students Grade Students Grade Students Grade Students

k 72 k 72 k 72 k 72 k 721 72 1 72 1 72 1 72 1 722 72 2 72 2 72 2 72 2 723 72 3 72 3 72 3 72 3 724 44 4 72 4 72 4 72 4 725 44 5 44 5 72 5 72 5 726 37 6 60 6 66 6 66 6 667 37 7 40 7 60 7 60 7 608 0 8 46 8 60 8 60 8 60

TOTAL 450 TOTAL 550 TOTAL 618 TOTAL 618 TOTAL 618

page 1 School Design

ESE Percent 10.00%

ESOL Percent 15.00%

Free & Reduced Lunch Percent 60.00%

Occupancy 100% 100% 98% 98% 98%

Total Students 450 550 618 618 618

Homeroom Classrooms

Year 1 Year 2 Year 3 Year 4 Year 5

Kindergarten 4 4 4 4 4

1st Grade 4 4 4 4 4

2nd Grade 4 4 4 4 4

3rd Grade 4 4 4 4 4

4th Grade 2 4 4 4 4

5th Grade 2 2 4 4 4

6th Grade 2 3 3 3 3

7th Grade 2 3 3 3 3

8th Grade 0 3 3 3 3

9th Grade 0 0 0 0 0

10th Grade 0 0 0 0 0

11th Grade 0 0 0 0 0

12th Grade 0 0 0 0 0

Total Homeroom Classrooms 24 31 33 33 33

Student Teacher Ratio



1st Grade 18 18 18 18 18

2nd Grade 18 18 18 18 18

3rd Grade 18 18 18 18 18

4th Grade 22 18 18 18 18

5th Grade 22 22 18 18 18

6th Grade 19 20 22 22 22

7th Grade 19 13 20 20 20

8th Grade 0 15 20 20 20

9th Grade 0 0 0 0 0

10th Grade 0 0 0 0 0

11th Grade 0 0 0 0 0

12th Grade 0 0 0 0 0

page 2 School Design

Student by Grade Budgeted Enrollment



1st Grade 72 72 72 72 72

2nd Grade 72 72 72 72 72

3rd Grade 72 72 72 72 72

4th Grade 44 72 72 72 72

5th Grade 44 44 72 72 72

6th Grade 37 60 66 66 66

7th Grade 37 40 60 60 60

8th Grade 0 46 60 60 60

9th Grade 0 0 0 0 0

10th Grade 0 0 0 0 0

11th Grade 0 0 0 0 0

12th Grade 0 0 0 0 0

Total Student by Grade Budgeted Enrollment 450 550 618 618 618

Grade Matrix

Level Level FTE

ESE Guaranteed Allocation:

Additional Funding from the K-3 251 26.6

ESE Guaranteed Allocation K-3 252

Enter the FTE from 111, 112, K-3 253

& 113 by grade and natrix 4-8 251 18.4

level. Students who do not 4-8 252

have a matrix level should be 4-8 253

considered 251. The total 9-12 251 0

should equal all FTE from 9-12 252

programs 111, 112, &113 above. 9-12 253

Total ESE: 45

page 1 Staffing Matrix

Fringe Benefit Rate 25.53% 25.36% 25.97% 24.87% 24.86%FICA 6.20% 6.20% 6.20% 6.20% 6.20%Medicare 1.45% 1.45% 1.45% 1.45% 1.45%FUTA 0.18% 0.18% 0.17% 0.16% 0.16%SUTA 0.62% 0.60% 0.57% 0.55% 0.54%Workers Comp 0.00% 0.00% 0.97% 0.00% 0.00%401K Contribution 2.00% 2.00% 2.00% 2.00% 2.00%Health Insurance per Employee 15.08% 14.93% 14.62% 14.51% 14.51%

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Instruction StaffHomeroom Teachers 33,500 24 31 33 33 33Substitute Teachers 1,000 18 23.25 23.25 23.25 23.25ESE Facilitator/Specialist 35,000 1.00 1.00 2 2 2Paraprofessionals 12,000 1.00 1.00 2 2 2

81,500 26.00 33.00 37 37 37

Student ServicesCounselor 35,000 1.00 1 2 2 2

35,000 1.00 1 2 2 2

Media Services Media Specialist 33,500 1.00 1 1 1 1

33,500 1.00 1 1 1 1

School AdninistrationPrincipal 95,000 1.00 1 1 1 1Lead Teacher supplement: 5,000 5,000 1.00 1 1 1 1Principal Secretary 20,881 1.00 1 1 1 1Registrar 22,961 1.00 1 1 1 1Other Clerical 18,801 1.00 1 1 1 1

162,643 5.00 5 5 5 5

Food ServicesFood Service Workers 14,000 4 4 4 4 4

14,000 4 4 4 4 4

Operation of PlantCustodian 19,301 1.00 1.50 2 2 2Security 19,301 1.00 1 1 1 1

38,602 2.00 2.50 3 3 3

TOTAL Employees 39 47 52 52 52

Salary Inflation 1.02 2%Teacher 1st Year Increase 1,500$ Teacher 2nd Year Increase 5,000$ Paraprofessional 1st Year Increase 500$ Paraprofessional 2nd Year Increase 2,000$

page 2 Staffing Matrix

Masters Preparatory School K-8

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Instruction StaffHomeroom Teachers 804,000 1,074,500 1,236,000 1,281,980 1,313,220Substitute Teachers 18,000 23,715 24,189 24,673 25,167ESE Facilitator/Specialist 35,000 36,500 75,000 77,300 81,616Paraprofessionals 12,000 12,500 26,000 26,780 28,566

Instruction Staff 869,000 1,147,215 1,361,189 1,410,733 1,448,568Benefits: 221,863 290,899 353,546 350,913 360,083

Pupil Personnel ServicesCounselor 35,000 35,000 70,000 70,700 71,414

Pupil Personnel Services 35,000 35,000 70,000 70,700 71,414Benefits: 8,936 8,875 18,181 17,586 17,752

Media ServicesMedia Specialist 33,500 35,000 38,500 39,270 40,055

Media Services 33,500 35,000 38,500 39,270 40,055Benefits: 8,553 8,875 10,000 9,768 9,957

School AdministrationPrincipal 95,000 95,000 95,000 96,900 98,838Lead Teacher 5,000 5,000 5,000 5,000 5,000Principal Secretary 20,881 20,881 20,881 21,299 21,725Registrar 22,961 22,961 22,961 23,420 23,889Other Clerical 18,801 18,801 18,801 19,177 19,561

School Administration 162,643 162,643 162,643 165,796 169,012Benefits: 41,524 41,241 42,244 41,241 42,013

Food ServicesFood Service Workers 56,000 56,000 56,000 57,120 58,262

Food Services 56,000 56,000 56,000 57,120 58,262Benefits: 14,297 14,200 14,545 14,208 14,483

Operation of PlantCustodian 19,301 19,301 19,301 19,687 20,081security 19,301 19,301 19,301 19,687 20,081

Operation of Plant 38,602 38,602 38,602 39,374 40,162Benefits: 9,855 9,788 10,026 9,794 9,983

Total Payroll & Benefits 1,499,773 1,848,339 2,175,477 2,226,504 2,281,744

1,194,745 1,474,460 1,726,934 1,782,993 1,827,473305,028

1,499,773

0.18% 0.18% 0.17% 0.16% 0.16%0.62% 0.60% 0.57% 0.55% 0.54%

Health Insurance per Employee $4,620 $4,736 $4,854 $4,975 $5,10015.08% 14.93% 14.62% 14.51% 14.51%

Start-up Budget

Start-up Budget March April May June July Total

Line of Credit / Grant** 25,000 25,000

EXPENSES:Administration Staff 0 0 2,257 2,257 10,799 15,314

Marketing & Enrollment 0 70 800 1,000 1,000 2,870

Computer/Printer 0 0 0 0 0 0

Rent 0 1,250 1,250 1,250 1,250 5,000

Utilities 0 0 305 305 305 915

Administrative Expenses 0 0 300 300 300 900

TOTAL OPERATING EXPENSES 0 70 3,357 3,557 12,099 24,999

Fund Balance 25,000 24,930 21,573 18,015 5,916 1

** The School will apply for a $25,000 planning and design grant, as provided by the Charter School Implementation Grant Program. If awarded, the grant will assist the school with the start-up costs which will be incurred prior tothe period when the school will begin to receive operational funding from the sponsor. In the event that the start-up grant is not awarded, the school has identified a lender that will provide a line of credit to supportthe opening expenditures.

page 1 of 5 Budget Detail


ENROLLMENT Cost Basis

Classrooms

k - 5 288 288 288 288 288

6 - 8 162 262 330 330 330

Total Enrollment 450 550 618 618 618

REVENUES Per Student 6,193.16

State Sources $ 2,786,922 3,440,300 3,904,303 3,943,346 3,982,780

Federal Sources - NSLP funds 60% $

K - 5 $ 2.25 0 98,172 104,976 104,976 104,976

6 - 8 $ 2.50 0 39,420 50,220 50,220 50,220

Local Sources - Lunch program paid students 30% $

K - 5 $ 2.25 91,368 49,086 52,488 52,488 52,488

6 - 8 $ 2.50 17,982 17,739 22,599 22,599 22,599

Capital Outlay $ 375.00 per student $ 0 0 0 231,750 231,750

Sponsorship Fee (250 Students) (77,415) (78,189) (78,971) (79,760) (80,558)

Total Revenues 2,818,858 3,566,529 4,055,616 4,325,619 4,364,255

EXPENDITURES

Instruction

Salaries (includes classroom teachers, contract or hourly, and teacher aides) See Staffing Plan $ 869,000 1,147,215 1,361,189 1,410,733 1,448,568

Fringe Benefits $ 221,863 290,899 353,546 350,913 360,083

Contracted Professional Services $ 375.00 ESE student $ 16,875 21,038 24,111 24,593 25,085

Classroom Supplies & Equipment $ 50.00 per student $ 22,500 28,050 32,306 32,952 33,611

Teacher Supplies $ 30.00 per student $ 13,500 16,830 19,384 19,771 20,167

Textbooks $ 320.00 per student $ 144,000 179,520 206,758 210,893 215,111

Student Activities $ 20.00 per student $ 9,000 11,220 12,922 13,181 13,444

Computer - Equipment & Repairs for Instruction $ 1,250.00 Per Classroom $ 30,000 39,525 43,127 43,989 44,869

Software for Instruction $ 800.00 Per Classroom $ 19,200 25,296 27,601 28,153 28,716

Sub-Total Instruction 1,345,938 1,759,593 2,080,945 2,135,180 2,189,655

Student Services

Counselor Salary See Staffing Plan $ 35,000 35,000 70,000 70,700 71,414

Fringe Benefits $ 8,936 8,875 18,181 17,586 17,752

Contracted professional Services (counseling and psychological, contracted nurse services) $ 60.00 ESE student $ 2,700 3,366 3,858 3,935 4,014

Sub-total Student Services $ 46,636 47,241 92,039 92,221 93,180



Media Services

Salaries See Staffing Plan $ 33,500 35,000 70,000 70,700 71,414

Fringe Benefits $ 8,553 8,875 18,181 17,586 17,752

Library Books $ 10,000 School $ 10,000 5,200 5,304 5,410 5,518

Audio / Visual Materials $ 500.00 per teacher $ 12,000 15,500 16,500 16,500 16,500

Sub-Total Media Services $ 64,053 64,575 109,985 110,196 111,184

Curriculum Development

Curriculum Planning, Research, Development and Evaluation $ 150.00 per student $ 67,500 84,150 96,918 98,856 100,833

Sub-Total Curriculum Development $ 67,500 84,150 96,918 98,856 100,833

Staff Development

Workshops $ 250.00 Teacher $ 6,000 7,905 8,583 8,755 8,930

Professional Services $ 200.00 Teacher $ 4,800 4,896 4,994 5,094 5,196

Sub-Total Staff Development $ 10,800 12,801 13,577 13,849 14,126

Instruction Related Technology

Salaries (includes Technology Personnel) See Staffing Plan

Fringe Benefits

Software and Scanner $ 1,250.00 School $ 1,250 1,275 1,301 1,327 1,353

Hardware Maintenance $ 500.00 Per Classroom $ 12,000 15,810 17,167 17,510 17,860

Mobile Computer Learning Labs School $ 21,000 - 21,000 - 21,000

Sub-Total Instruction Related Technology 34,250 17,085 39,467 18,836 40,213

Board

Professional Services (Legal) $ 3,000.00 School $ 3,000 3,060 3,121 3,184 3,247

Insurance $ 1,500 1,530 1,561 1,592 1,624

Travel $ 2,500.00 Board $ 2,500 2,550 2,601 2,653 2,706

Sub-Total Board $ $ 7,000 7,140 7,283 7,428 7,577



General Administration

Business Management $ 50.00 per student $ 22,500 28,050 31,518 32,148 32,791

Sub-Total General Administration $ 22,500 28,050 31,518 32,148 32,791

School Administration

Salaries (Includes Principal, Secretary & other Personnel) See Staffing Plan $ 162,643 162,643 162,643 165,796 169,012

Fringe Benefits $ 41,524 41,241 42,244 41,241 42,013

Equipment Rental / Lease $ 400.00 Per Month $ 4,800 4,896 4,994 5,094 5,196

Travel $ 500.00 Administrator $ 1,500 1,530 1,561 1,592 1,624

Advertising and Promotion $ 20.00 per student $ 9,000 11,220 12,607 12,859 13,117

License Fees $ 400.00 $ 400 408 416 424 433

Uniforms $ 600.00 $ 600 612 624 637 649

Postage $ 75.00 Per Classroom $ 1,800 2,372 2,525 2,575 2,626

Printing Supplies $ 550.00 Per Classroom $ 12,100 13,464 18,513 18,883 19,261

Office Supplies $ 22.00 per student $ 9,900 12,342 13,868 14,145 14,428

Office Equipment $ 5,000.00 $ 5,000 5,100 5,202 5,306 5,412

Computer Equipment $ 500.00 Administrator $ 1,500 1,530 1,561 1,592 1,624

Sub-Total School Administration $ 250,767 257,358 266,757 270,144 275,394

Facilities Acquisition & Construction

Building Lease / Rent - (See Budget Summary for Calculation) $ 315,000 392,700 441,252 450,077 459,079

Furniture, Fixtures and Equipment -20% $ 1,200.00 per Classroom $ 28,800 29,760 31,680 31,680 31,680

Sub-Toatal Facilities Acquisition & Construction $ 343,800 422,460 472,932 481,757 490,759

Fiscal Services

Planning, Research, Development and Evaluation $ 50.00 per student $ 22,500 28,050 32,148 32,791 33,447

Independent Auditing $ 15,000.00 $ 15,000 15,000 15,000 15,000 15,000

Sub-Total Fiscal Services $ 37,500 43,050 47,148 47,791 48,447



Food Services

Salaries (Food Service Workers) See Staffing Plan $ 56,000 56,000 56,000 57,120 58,262

Fringe Benefits $ 14,297 14,200 14,545 14,208 14,483

Food Materials & Supplies $ 2.00 Per Meal per day $ 145,800 183,600 224,726 229,221 233,805

Sub-total Food Services $ 216,097 253,800 295,271 300,549 306,551

Pupil Transportation Services

Contracted Transportation Services $ 140.00 $ 50,400 51,408 52,436 53,485 54,555

Sub-Total Pupil Transportation Services $ 50,400 51,408 52,436 53,485 54,555

Operation of Plant

Salaries (Custodian, security) See Staffing Plan $ 38,602 38,602 38,602 39,374 40,162

Fringe Benefits $ 9,855 9,788 10,026 9,794 9,983

Purchased Service $ 65.00 Per Classroom $ 1,560 2,055 2,232 2,276 2,322

Lawn Maintenance $ 50.00 Per Classroom $ 1,100 1,581 1,717 1,751 1,786

Pest Control $ 50.00 Per Classroom $ 1,200 1,581 1,717 1,751 1,786

Security Services $ 90.00 Per month $ 1,080 1,102 1,124 1,146 1,169

Property Insurance $ 550.00 Per Classroom $ 13,200 17,391 18,883 19,261 19,646

Telephone Services $ 330.00 Per month $ 3,960 4,039 4,120 4,202 4,286

Water & Sewer $ 75.00 Per Classroom $ 1,800 1,836 2,575 2,626 2,679

Electricity $ 750.00 Per Classroom $ 18,000 23,715 25,750 26,265 26,790

Repairs, Maintenance, & Supplies $ 10,000.00 School $ 10,000 12,500 15,000 15,000 15,000

Sub-Total Operation of Plant $ 100,357 114,190 121,745 123,447 125,609



Systems Operation $ 425.00 Per Classroom $ 10,200 13,439 14,592 14,883 15,181

Sub-Total Administrative Technology Services $ 10,200 13,439 14,592 14,883 15,181

Debt Service

Redemption of Principal $ 25,000

Interest (Interest Only at 6%) $ 1,500

Sub-Total Debt Service $ 26,500 0 0 0 0

Contingency

Local Source Lunch Contingency

K - 5 (30% year 1) 10% $ 45,684 16,362 17,496 17,496 17,496

6 - 8 (30% year 1) $ 9,990 6,570 8,370 8,370 8,370

Operating expense contingency - 4% of FEFP 4% $ 112,754 142,661 162,225 173,025 174,570

Sub-Total Contingency 168,428 165,593 188,091 198,891 200,436

Total Expenditures 2,802,726 3,341,932 3,930,705 3,999,664 4,106,492

Excess of Revenues over Expenditures 16,131 224,596 124,911 325,955 257,763

page 1 of 5 Monthly Budget, Year 1: 2012-2013

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr MayREVENUES

State Sources 232,244 232,244 232,244 232,244 232,244 232,244 232,244 232,244 232,244 232,244 232,244

Federal Sources 0 0 0 0 0 0 0 0 0 0 0

Local Sources - Lunch program paid students 10,935 10,935 10,935 10,935 10,935 10,935 10,935 10,935 10,935

Capital Outlay 0 0 0 0 0 0 0 0 0 0 0

Fee to County School Board - up to 250 students @ 5% -6,451 -6,451 -6,451 -6,451 -6,451 -6,451 -6,451 -6,451 -6,451 -6,451 -6,451

Total Revenues 225,792 225,792 236,727 236,727 236,727 236,727 236,727 236,727 236,727 236,727 236,727

EXPENDITURES

Instruction

Salaries (includes classroom teachers, 38,622 83,038 83,038 83,038 83,038 83,038 83,038 83,038 83,038 83,038

contract or hourly, and teacher aides)

Fringe Benefits 9,861 21,200 21,200 21,200 21,200 21,200 21,200 21,200 21,200 21,200

Contracted Professional Services 1,875 1,875 1,875 1,875 1,875 1,875 1,875 1,875

Classroom Supplies & Equipment 7,500 7,500 7,500

Teacher Supplies 4,500 4,500 4,500

Textbooks 48,000 48,000 48,000

Student Activities 3,000 3,000 3,000

Computer - Equipment & Repairs for Instruction 10,000 10,000 10,000

Software for Instruction 6,400 6,400 6,400

Sub-Total Instruction 59,819 128,612 128,612 128,612 128,612 128,612 128,612 128,612 128,612 128,612

Student Services

Salaries 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500

Fringe Benefits 894 894 894 894 894 894 894 894 894

Contracted professional Services 270 270 270 270 270 270 270 270 270

Sub-total Student Services 4,664 4,664 4,664 4,664 4,664 4,664 4,664 4,664 4,664


Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr MayMedia Services

Salaries 1,489 3,201 3,201 3,201 3,201 3,201 3,201 3,201 3,201 3,201

Fringe Benefits 380 817 817 817 817 817 817 817 817 817

Library Books 444 956 956 956 956 956 956 956 956 956

Audio Visual Materials 1,091 1,091 1,091 1,091 1,091 1,091 1,091 1,091 1,091 1,091

Sub-Total Media Services 3,404 6,065 6,065 6,065 6,065 6,065 6,065 6,065 6,065 6,065


Curriculum Planning, Research, Development and Evaluation 3,000 6,450 6,450 6,450 6,450 6,450 6,450 6,450 6,450 6,450

Sub-Total Curriculum Development 3,000 6,450 6,450 6,450 6,450 6,450 6,450 6,450 6,450 6,450

Staff Development

Workshops 3,000 3,000

Professional Services 2,400 2,400

Sub-Total Staff Development 5,400 0 0 0 0 0 0 5,400 0 0


EduSoft Software and Scanner 625 625

Hardware Maintenance 1,333 1,333 1,333 1,333 1,333 1,333 1,333 1,333

Computer Learning Labs 21,000 -

Sub-Total Instruction Related Technology 21,625 625 1,333 1,333 1,333 1,333 1,333 1,333 1,333 1,333

Board

Professional Services (Legal) 750 750 750 750

Insurance 375 375 375 375

Travel 2,500

Sub-Total Board 2,875 0 0 375 0 750 1,125 750 750 375 0


Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr MayGeneral Administration

Business Management

Sub-Total General Administration 0 0 0 0 0 0 0 0 0 0 0


Salaries (Includes Principal, Secretary & other Personnel) 13,554 13,554 13,554 13,554 13,554 13,554 13,554 13,554 13,554 13,554 13,554

Fringe Benefits 3,460 3,460 3,460 3,460 3,460 3,460 3,460 3,460 3,460 3,460 3,460

Equipment Rental / Lease 400 400 400 400 400 400 400 400 400 400 400

Travel 1,500

Advertising and Promotion 3,000 3,000 3,000

Licenses Fees 400

Uniforms 600

Postage 180 180 180 180 180 180 180 180 180

Printing 6,050 550 550 550 550 550 550 550 550 550 550

Office Supplies 2,475 675 675 675 675 675 675 675 675 675 675

Office Equipment 5,000

Computer Equipment 1,500

Sub-Total School Administration 36,439 21,639 18,819 20,319 18,819 18,819 18,819 18,819 21,819 18,819 18,819

Building Lease / Rent 28,636 28,636 28,636 28,636 28,636 28,636 28,636 28,636 28,636 28,636

Furniture, Fixture and Equipment 28,800

Sub-Total Facilities Acquisition & Construction 28800 28,636 28,636 28,636 28,636 28,636 28,636 28,636 28,636 28,636 28,636

Fiscal Services

Planning, Research, Development and Evaluation 1,875 1,875 1,875 1,875 1,875 1,875 1,875 1,875 1,875 1,875 1,875

Professional Services (payroll, accounting, auditing) 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250

Sub-Total Fiscal Services 3,125 3,125 3,125 3,125 3,125 3,125 3,125 3,125 3,125 3,125 3,125


Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr MayFood Services

Salaries (Food Service Workers) 5,600 5,600 5,600 5,600 5,600 5,600 5,600 5,600 5,600

Fringe Benefits 1,430 1,430 1,430 1,430 1,430 1,430 1,430 1,430 1,430

Materials & Supplies 14,580 14,580 14,580 14,580 14,580 14,580 14,580 14,580 14,580

Sub-total Food Services 0 0 21609.7245 21609.7245 21609.7245 21609.7245 21609.7245 21609.7245 21609.7245 21609.7245 21609.7245


Contracted Transportation Services 5,040 5,040 5,040 5,040 5,040 5,040 5,040 5,040 5,040

Sub-Total Pupil Transportation Services 0 0 5,040 5,040 5,040 5,040 5,040 5,040 5,040 5,040 5,040

Operation of Plant

Salaries 3,217 3,217 3,217 3,217 3,217 3,217 3,217 3,217 3,217 3,217 3,217

Fringe Benefits 821 821 821 821 821 821 821 821 821 821 821

Purchased Service 130 130 130 130 130 130 130 130 130 130 130

Lawn Maintenance 92 92 92 92 92 92 92 92 92 92 92

Pest Control 100 100 100 100 100 100 100 100 100 100 100

Security Services 90 90 90 90 90 90 90 90 90 90 90

Property Insurance 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100

Telephone Services 330 330 330 330 330 330 330 330 330 330 330

Water & Sewer 150 150 150 150 150 150 150 150 150 150 150

Electricity 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500

Custodial Supplies & Equipment 833 833 833 833 833 833 833 833 833 833 833

Sub-Total Operation of Plant 8,363 8,363 8,363 8,363 8,363 8,363 8,363 8,363 8,363 8,363 8,363


Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

Administrative Technology Services

Systens Operation 850 850 850 850 850 850 850 850 850 850 850

Sub-Total Administrative Technology Services 850 850 850 850 850 850 850 850 850 850 850

Debt Service

Redemption of Principal

Interest (Interest Only at 6%) 136 136 136 136 136 136 136 136 136 136

Sub-Total Debt Service 0 136 136 136 136 136 136 136 136 136 136

Contingency


K - 5 (30% year 1) 3,807 3,807 3,807 3,807 3,807 3,807 3,807 3,807 3,807 3,807 3,807

6 - 8 (30% year 1) 833 833 833 833 833 833 833 833 833 833 833

Operating expense contingency - 4% of FEFP

Sub-Total Contingency 4,640 4,640 4,640 4,640 4,640 4,640 4,640 4,640 4,640 4,640 4,640

Total Expenditures 85,092 160,638 237,634 240,218 238,343 239,093 239,468 239,093 247,493 238,718 238,343

Excess of Revenues over Expenditures 140,701 65,154 -907 -3,490 -1,615 -2,365 -2,740 -2,365 -10,765 -1,990 -1,615

Year 1Jun Total

232,244 2,786,922

0 0

10,935 109,350

0 0

-6,451 -77,415

236,727 2,818,858

83,038 869,000

21,200 221,863

1,875 16,875

22,500

13,500

144,000

9,000

30,000

19,200

128,612 1,345,938

3,500 35,000

894 8,936

270 2,700

4,664 46,636

Year 1Jun Total

3,201 33,500

817 8,553

956 10,000

1,091 12,000

6,065 64,053

6,450 67,500

6,450 67,500

6,000

4,800

0 10,800

1,250

1,333 12,000

21,000

1,333 34,250

3,000

1,500

2,500

0 7,000

Year 1Jun Total

22,500 22,500

22,500 22,500

13,554 162,643

3,460 41,524

400 4,800

1,500

9,000

400

600

180 1,800

550 12,100

675 9,900

5,000

1,500

18,819 250,767

28,636 315,000

28,800

28,636 343,800

1,875 22,500

1,250 15,000

3,125 37,500

Year 1Jun Total

5,600 56,000

1,430 14,297

14,580 145,800

21609.7245 216,097

5,040 50,400

5,040 50,400

3,217 38,602

821 9,855

130 1,560

92 1,100

100 1,200

90 1,080

1,100 13,200

330 3,960

150 1,800

1,500 18,000

833 10,000

8,363 100,357

Year 1Jun Total

850 10,200

850 10,200

25,000 25,000

136 1,500

25,136 26,500

3,807 45,684

833 9,990

112,754 112,754

117,394 168,428

398,597 2,802,726

-161,870 16,131



State Sources 286,692 286,692 286,692 286,692 286,692 286,692 286,692 286,692 286,692 286,692 286,692

Federal Sources 13,759 13,759 13,759 13,759 13,759 13,759 13,759 13,759 13,759


Capital Outlay 0 0 0 0 0 0 0 0 0 0 0


Total Revenues 280,176 280,176 300,618 300,618 300,618 300,618 300,618 300,618 300,618 300,618 300,618

EXPENDITURES

Instruction



Fringe Benefits 12,929 27,797 27,797 27,797 27,797 27,797 27,797 27,797 27,797 27,797




Textbooks 59,840 59,840 59,840





Student Services

Salaries 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500

Fringe Benefits 887 887 887 887 887 887 887 887 887





Salaries 1,556 3,344 3,344 3,344 3,344 3,344 3,344 3,344 3,344 3,344

Fringe Benefits 394 848 848 848 848 848 848 848 848 848

Library Books 231 497 497 497 497 497 497 497 497 497






Staff Development







Computer Learning Labs - -

Sub-Total Instruction Related Technology 638 638 1,757 1,757 1,757 1,757 1,757 1,757 1,757 1,757

Board


Insurance 383 383 383 383

Travel 2,550

Sub-Total Board 2,933 0 0 383 0 765 1,148 765 765 383 0



Business Management




Fringe Benefits 3,437 3,437 3,437 3,437 3,437 3,437 3,437 3,437 3,437 3,437 3,437


Travel 1,530


Licenses Fees 408

Uniforms 612

Postage 237 237 237 237 237 237 237 237 237

Printing 6,732 612 612 612 612 612 612 612 612 612 612

Office Supplies 3,086 842 842 842 842 842 842 842 842 842 842







Fiscal Services







Fringe Benefits 1,420 1,420 1,420 1,420 1,420 1,420 1,420 1,420 1,420


Sub-total Food Services 0 0 25,380 25,380 25,380 25,380 25,380 25,380 25,380 25,380 25,380




Operation of Plant

Salaries 3,217 3,217 3,217 3,217 3,217 3,217 3,217 3,217 3,217 3,217 3,217

Fringe Benefits 816 816 816 816 816 816 816 816 816 816 816



Pest Control 132 132 132 132 132 132 132 132 132 132 132




Water & Sewer 153 153 153 153 153 153 153 153 153 153 153

Electricity 1,976 1,976 1,976 1,976 1,976 1,976 1,976 1,976 1,976 1,976 1,976

Custodial Supplies & Equipment 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042 1,042





Systens Operation 1,120 1,120 1,120 1,120 1,120 1,120 1,120 1,120 1,120 1,120 1,120

Sub-Total Administrative Technology Services 1,120 1,120 1,120 1,120 1,120 1,120 1,120 1,120 1,120 1,120 1,120

Debt Service




Contingency


K - 5 (30% year 1) 1,364 1,364 1,364 1,364 1,364 1,364 1,364 1,364 1,364 1,364 1,364

6 - 8 (30% year 1) 548 548 548 548 548 548 548 548 548 548 548




Excess of Revenues over Expenditures 192,743 113,178 11,534 8,502 10,415 9,650 9,267 9,650 -491 10,032 10,415

Year 1Jun Total

286,692 3,440,300

13,759 137,592

6,683 66,825

0 0

-6,516 -78,189

300,618 3,566,529

109,623 1,147,215

27,797 290,899

2,338 21,038

28,050

16,830

179,520

11,220

39,525

25,296

168,139 1,759,593

3,500 35,000

887 8,875

337 3,366

4,724 47,241

Year 1Jun Total

3,344 35,000

848 8,875

497 5,200

1,409 15,500

6,098 64,575

8,041 84,150

8,041 84,150

7,905

4,896

0 12,801

1,275

1,757 15,810

0

1,757 17,085

3,060

1,530

2,550

0 7,140

Year 1Jun Total

28,050 28,050

28,050 28,050

13,554 162,643

3,437 41,241

408 4,896

1,530

11,220

408

612

237 2,372

612 13,464

842 12,342

5,100

1,530

19,089 257,358

35,700 392,700

29,760

35,700 422,460

2,338 28,050

1,250 15,000

3,588 43,050

Year 1Jun Total

5,600 56,000

1,420 14,200

18,360 183,600

25,380 253,800

5,141 51,408

5,141 51,408

3,217 38,602

816 9,788

171 2,055

132 1,581

132 1,581

92 1,102

1,449 17,391

337 4,039

153 1,836

1,976 23,715

1,042 12,500

9,516 114,190

Year 1Jun Total

1,120 13,439

1,120 13,439

0 0

0 0

0 0

1,364 16,362

548 6,570

142,661 142,661

144,572 165,593

460,914 3,341,932

-160,297 224,596



State Sources 325,359 325,359 325,359 325,359 325,359 325,359 325,359 325,359 325,359 325,359 325,359

Federal Sources 15,520 15,520 15,520 15,520 15,520 15,520 15,520 15,520 15,520


Capital Outlay 0 0 0 0 0 0 0 0 0 0 0


Total Revenues 318,778 318,778 341,806 341,806 341,806 341,806 341,806 341,806 341,806 341,806 341,806

EXPENDITURES

Instruction



Fringe Benefits 15,713 33,783 33,783 33,783 33,783 33,783 33,783 33,783 33,783 33,783




Textbooks 68,919 68,919 68,919





Student Services

Salaries 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000

Fringe Benefits 1,818 1,818 1,818 1,818 1,818 1,818 1,818 1,818 1,818





Salaries 3,111 6,689 6,689 6,689 6,689 6,689 6,689 6,689 6,689 6,689

Fringe Benefits 808 1,737 1,737 1,737 1,737 1,737 1,737 1,737 1,737 1,737

Library Books 236 507 507 507 507 507 507 507 507 507






Staff Development







Computer Learning Labs 10,500 10,500

Sub-Total Instruction Related Technology 11,150 11,150 1,907 1,907 1,907 1,907 1,907 1,907 1,907 1,907

Board


Insurance 390 390 390 390

Travel 2,601

Sub-Total Board 2,991 0 0 390 0 780 1,170 780 780 390 0



Business Management




Fringe Benefits 3,520 3,520 3,520 3,520 3,520 3,520 3,520 3,520 3,520 3,520 3,520


Travel 1,561


Licenses Fees 416

Uniforms 624

Postage 252 252 252 252 252 252 252 252 252

Printing 9,257 842 842 842 842 842 842 842 842 842 842

Office Supplies 3,467 946 946 946 946 946 946 946 946 946 946








Fiscal Services


Professional Services 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250





Fringe Benefits 1,455 1,455 1,455 1,455 1,455 1,455 1,455 1,455 1,455






Operation of Plant

Salaries 3,217 3,217 3,217 3,217 3,217 3,217 3,217 3,217 3,217 3,217 3,217

Fringe Benefits 836 836 836 836 836 836 836 836 836 836 836



Pest Control 143 143 143 143 143 143 143 143 143 143 143




Water & Sewer 215 215 215 215 215 215 215 215 215 215 215

Electricity 2,146 2,146 2,146 2,146 2,146 2,146 2,146 2,146 2,146 2,146 2,146






Systems Operation 1,216 1,216 1,216 1,216 1,216 1,216 1,216 1,216 1,216 1,216 1,216


Debt Service




Contingency


K - 5 (30% year 1) 1,458 1,458 1,458 1,458 1,458 1,458 1,458 1,458 1,458 1,458 1,458

6 - 8 (30% year 1) 698 698 698 698 698 698 698 698 698 698 698




Excess of Revenues over Expenditures 224,442 117,351 -8,948 -1,656 295 -486 -876 -486 -11,477 -95 295

Year 1Jun Total

325,359 3,904,303

15,520 155,196

7,509 75,087

0 0

-6,581 -78,971

341,806 4,055,616

130,069 1,361,189

33,783 353,546

2,679 24,111

32,306

19,384

206,758

12,922

43,127

27,601

198,846 2,080,945

7,000 70,000

1,818 18,181

386 3,858

9,204 92,039

Year 1Jun Total

6,689 70,000

1,737 18,181

507 5,304

1,500 16,500

10,433 109,985

9,261 96,918

9,261 96,918

8,583

4,994

0 13,577

1,301

1,907 17,167

21,000

1,907 39,467

3,121

1,561

2,601

0 7,283

Year 1Jun Total

31,518 31,518

31,518 31,518

13,554 162,643

3,520 42,244

416 4,994

1,561

12,607

416

624

252 2,525

842 18,513

946 13,868

5,202

1,561

19,530 266,757

40,114 441,252

31,680

40,114 472,932

2,679 32,148

1,250 15,000

3,929 47,148

Year 1Jun Total

5,600 56,000

1,455 14,545

22,473 224,726

29,527 295,271

5,244 52,436

5,244 52,436

3,217 38,602

836 10,026

186 2,232

143 1,717

143 1,717

94 1,124

1,574 18,883

343 4,120

215 2,575

2,146 25,750

1,250 15,000

10,145 121,745

Year 1Jun Total

1,216 14,592

1,216 14,592

0 0

0 0

0 0

1,458 17,496

698 8,370

162,225 162,225

164,380 188,091

535,254 3,930,705

-193,448 124,911



State Sources 328,612 328,612 328,612 328,612 328,612 328,612 328,612 328,612 328,612 328,612 328,612

Federal Sources 15,520 15,520 15,520 15,520 15,520 15,520 15,520 15,520 15,520


Capital Outlay 19,313 19,313 19,313 19,313 19,313 19,313 19,313 19,313 19,313 19,313 19,313


Total Revenues 341,278 341,278 364,306 364,306 364,306 364,306 364,306 364,306 364,306 364,306 364,306

EXPENDITURES

Instruction



Fringe Benefits 15,596 33,532 33,532 33,532 33,532 33,532 33,532 33,532 33,532 33,532

Contracted Professional Services (includes Therapists 2,733 2,733 2,733 2,733 2,733 2,733 2,733 2,733

& other contracted instructional services)



Textbooks 70,298 70,298 70,298





Student Services

Salaries 7,070 7,070 7,070 7,070 7,070 7,070 7,070 7,070 7,070

Fringe Benefits 1,759 1,759 1,759 1,759 1,759 1,759 1,759 1,759 1,759





Salaries (includes Librarian) 3,142 6,756 6,756 6,756 6,756 6,756 6,756 6,756 6,756 6,756

Fringe Benefits 782 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1,680

Library Books 240 517 517 517 517 517 517 517 517 517






Staff Development







Computer Learning Labs 0 0

Sub-Total Instruction Related Technology 663 663 1,946 1,946 1,946 1,946 1,946 1,946 1,946 1,946

Board


Insurance 398 398 398 398

Travel 2,653

Sub-Total Board 3,051 0 0 398 0 796 1,194 796 796 398 0



Business Management




Fringe Benefits 3,437 3,437 3,437 3,437 3,437 3,437 3,437 3,437 3,437 3,437 3,437


Travel 1,592


Licenses Fees 424

Uniforms 637

Postage 257 257 257 257 257 257 257 257 257

Printing 9,442 858 858 858 858 858 858 858 858 858 858

Office Supplies 3,536 964 964 964 964 964 964 964 964 964 964







Sub-Total Facilities Acquisition & Construction 31,680 40,916 40,916 40,916 40,916 40,916 40,916 40,916 40,916 40,916 40,916

Fiscal Services







Fringe Benefits 1,421 1,421 1,421 1,421 1,421 1,421 1,421 1,421 1,421






Operation of Plant

Salaries 3,281 3,281 3,281 3,281 3,281 3,281 3,281 3,281 3,281 3,281 3,281

Fringe Benefits 816 816 816 816 816 816 816 816 816 816 816



Pest Control 146 146 146 146 146 146 146 146 146 146 146




Water & Sewer 219 219 219 219 219 219 219 219 219 219 219

Electricity 2,189 2,189 2,189 2,189 2,189 2,189 2,189 2,189 2,189 2,189 2,189








Debt Service




Contingency


K - 5 (30% year 1) 1,458 1,458 1,458 1,458 1,458 1,458 1,458 1,458 1,458 1,458 1,458

6 - 8 (30% year 1) 698 698 698 698 698 698 698 698 698 698 698




Excess of Revenues over Expenditures 245,980 146,367 16,750 13,478 15,468 14,672 14,274 14,672 3,461 15,070 15,468

Year 1Jun Total

328,612 3,943,346

15,520 155,196

7,509 75,087

19,313 231,750

-6,647 -79,760

364,306 4,325,619

134,803 1,410,733

33,532 350,913

2,733 24,593

32,952

19,771

210,893

13,181

43,989

28,153

204,028 2,135,180

7,070 70,700

1,759 17,586

393 3,935

9,222 92,221

Year 1Jun Total

6,756 70,700

1,680 17,586

517 5,410

1,500 16,500

10,453 110,196

9,446 98,856

9,446 98,856

8,755

5,094

0 13,849

1,327

1,946 17,510

0

1,946 18,836

3,184

1,592

2,653

0 7,428

Year 1Jun Total

32,148 32,148

32,148 32,148

13,816 165,796

3,437 41,241

424 5,094

1,592

12,859

424

637

257 2,575

858 18,883

964 14,145

5,306

1,592

19,758 270,144

40,916 450,077

31,680

40,916 481,757

2,733 32,791

1,250 15,000

3,983 47,791

Year 1Jun Total

5,712 57,120

1,421 14,208

22,922 229,221

30,055 300,549

5,348 53,485

5,348 53,485

3,281 39,374

816 9,794

190 2,276

146 1,751

146 1,751

96 1,146

1,605 19,261

350 4,202

219 2,626

2,189 26,265

1,250 15,000

10,287 123,447

Year 1Jun Total

1,240 14,883

1,240 14,883

0 0

0 0

0 0

1,458 17,496

698 8,370

173,025 173,025

175,180 198,891

554,012 3,999,664

-189,705 325,955



State Sources 331,898 331,898 331,898 331,898 331,898 331,898 331,898 331,898 331,898 331,898 331,898

Federal Sources 15,520 15,520 15,520 15,520 15,520 15,520 15,520 15,520 15,520


Capital Outlay 19,313 19,313 19,313 19,313 19,313 19,313 19,313 19,313 19,313 19,313 19,313


Total Revenues 344,498 344,498 367,526 367,526 367,526 367,526 367,526 367,526 367,526 367,526 367,526

EXPENDITURES

Instruction



Fringe Benefits 16,004 34,408 34,408 34,408 34,408 34,408 34,408 34,408 34,408 34,408




Textbooks 71,704 71,704 71,704





Student Services

Salaries 7,141 7,141 7,141 7,141 7,141 7,141 7,141 7,141 7,141

Fringe Benefits 1,775 1,775 1,775 1,775 1,775 1,775 1,775 1,775 1,775





Salaries 3,174 6,824 6,824 6,824 6,824 6,824 6,824 6,824 6,824 6,824

Fringe Benefits 789 1,696 1,696 1,696 1,696 1,696 1,696 1,696 1,696 1,696

Library Books 245 527 527 527 527 527 527 527 527 527

Audio / Visual Materials 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500





Staff Development







Computer Learning Labs 10,500 10,500

Sub-Total Instruction Related Technology 11,177 11,177 1,984 1,984 1,984 1,984 1,984 1,984 1,984 1,984

Board


Insurance 406 406 406 406

Travel 2,706

Sub-Total Board 3,112 0 0 406 0 812 1,218 812 812 406 0



Business Management




Fringe Benefits 3,501 3,501 3,501 3,501 3,501 3,501 3,501 3,501 3,501 3,501 3,501


Travel 1,624


Licenses Fees 433

Uniforms 649

Postage 263 263 263 263 263 263 263 263 263

Printing 9,630 875 875 875 875 875 875 875 875 875 875

Office Supplies 3,607 984 984 984 984 984 984 984 984 984 984







Sub-Total Facilities Acquisition & Construction 31,680 41,734 41,734 41,734 41,734 41,734 41,734 41,734 41,734 41,734 41,734

Fiscal Services








Fringe Benefits 1,448 1,448 1,448 1,448 1,448 1,448 1,448 1,448 1,448






Operation of Plant

Salaries 3,347 3,347 3,347 3,347 3,347 3,347 3,347 3,347 3,347 3,347 3,347

Fringe Benefits 832 832 832 832 832 832 832 832 832 832 832



Pest Control 149 149 149 149 149 149 149 149 149 149 149




Water & Sewer 223 223 223 223 223 223 223 223 223 223 223

Electricity 2,233 2,233 2,233 2,233 2,233 2,233 2,233 2,233 2,233 2,233 2,233









Debt Service




Contingency


K - 5 (30% year 1) 1,458 1,458 1,458 1,458 1,458 1,458 1,458 1,458 1,458 1,458 1,458

6 - 8 (30% year 1) 698 698 698 698 698 698 698 698 698 698 698




Excess of Revenues over Expenditures 248,034 134,841 1,704 8,867 10,897 10,085 9,679 10,085 -1,350 10,491 10,897

Year 1Jun Total

331,898 3,982,780

15,520 155,196

7,509 75,087

19,313 231,750

-6,713 -80,558

367,526 4,364,255

138,419 1,448,568

34,408 360,083

2,733 24,593

33,611

20,167

215,111

13,444

44,869

28,716

209,234 2,189,655

7,141 71,414

1,775 17,752

401 4,014

9,318 93,180

Year 1Jun Total

6,824 71,414

1,696 17,752

527 5,518

1,500 16,500

10,548 111,184

9,635 100,833

9,635 100,833

8,930

5,196

0 14,126

1,353

1,984 17,860

21,000

1,984 40,213

3,247

1,624

2,706

0 7,577

Year 1Jun Total

32,791 32,791

32,791 32,791

14,084 169,012

3,501 42,013

433 5,196

1,624

13,117

433

649

263 2,626

875 19,261

984 14,428

5,412

1,624

20,140 275,394

41,734 459,079

31,680

41,734 490,759

2,787 33,447

1,250 15,000

4,037 48,447

Year 1Jun Total

5,826 58,262

1,448 14,483

23,381 233,805

30,655 306,551

5,455 54,555

5,455 54,555

3,347 40,162

832 9,983

193 2,322

149 1,786

149 1,786

97 1,169

1,637 19,646

357 4,286

223 2,679

2,233 26,790

1,250 15,000

10,467 125,609

Year 1Jun Total

1,265 15,181

1,265 15,181

0 0

0 0

0 0

1,458 17,496

698 8,370

174,570 174,570

176,726 200,436

563,991 4,106,492

-196,465 257,763

Budget Summary


Grades K-7 K-8 K-8 K-8 K-8Students per grade (average) 56 61 69 69 69Total # Students 450 550 618 618 618Per Student Revenue*

2.5% 2.5% 2.5% 2.5%

REVENUE Maximum Gross Revenue ($) 2,786,922 3,440,300 3,904,303 3,943,346 3,982,780 Expected Attrition (%) (139,346) (172,015) (195,215) (197,167) (199,139) Likely Gross Revenue ($) 2,647,576 3,268,285 3,709,088 3,746,179 3,783,641

EXPENDITURE Facility Budget Maximum Facility Expense 17% 444,157 506,890 562,997 573,524 584,688 Minimum Building Size (Sqft) 1% 22,500 27,500 30,900 30,900 30,900 Maximun cost per student 0.03% 700 718 735 754 773 Operating and Fixed Costs 4% 100,357 114,190 121,745 123,447 125,609 Rent 13% 343,800 392,700 441,252 450,077 459,079

Teacher Staffing Size Average Class Size 19 18 19 19 19 # of Teachers 24 31 33 33 33 Salary Benefits per Teacher 9,244 9,384 10,714 10,634 10,912

Date post:	13-Aug-2015
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