Gulf Shores City Schools - Budget Hearing and Personnel Information

FY 2022 1stBudget Hearing

Purpose Statement The purpose of Gulf Shores City Schools is to provide engaging learning environments, rigorous academics, and to incorporate the unique resources of our community to empower all students to achieve success. Core Values We believe in: 1. Promoting rigorous, comprehensive, and relevant curriculum that prepares students to become productive citizens. 2. Developing self-reliance by incorporating the student s physical, mental, emotional and social well-being into the teaching/learning environment. 3. Fostering inclusive, engaging members of society, and encouraging critical and creative thinking. 4. Recruiting and emboldening the best and the brightest faculty and staff and rewarding innovation and collaboration. 5. Instilling a sense of pride in our schools by engaging the Gulf Shores community in the education experience.

Public Hearing Each Board Shall- - Hold at least two open public hearings - Hearing held during scheduled meeting - Publicize date/time - Provide question/response form - Provide proposed budget on SDE forms

Average Daily Membership vs Enrollment School PY ADM CY Enrollment Difference GSE 875.70 916.00 40.30 GSM 508.60 575.00 66.40 GSH 772.00 749.00 (23.00) Total 2,156.30 2,240.00 83.70 - Enrollment as of 8-23-21 - ADM (Average Daily Membership) represents the total average daily enrollment for your system during the first 20 school days after labor day. *Prek is not included in count (69 students)

PERSONNEL INFORMATION Type State Earned Other State Federal Local Total Teachers 123.94 13.44 4.65 5.47 147.50 Librarians 3.00 0 0 0 3.00 Counselors 5.00 0.50 0 0 5.50 Administrators 7.75 1.40 .94 8.91 19.00 Certified Support 0 0 0 0 0 Non. Certified Support 0 47.74 24.61 9.65 82.00 Total 139.69 63.08 30.20 24.03 257.00

Staffing by Location GSE GSM GSH Teachers 63.33 29.34 54.83 Librarians 1.00 1.00 1.00 Counselors 2.00 1.00 2.00 Administrators 3.00 2.00 3.00 Certified Support 0.00 0.00 0.00 Non-Certified Support 25.33 15.33 21.34 Total 94.66 48.67 82.17

Staff Changes 2022 2021 Change Comment Teachers 147.00 137.00 10.00 3 GSE teachers (growth), 1 STEAM teacher, 3 HS coaches, 1 MS teacher(growth), 1 HS/MS intervention, 1 virtual teacher Librarians 3.00 3.00 0 Counselors 5.00 5.00 0 Administrators 19.00 19.00 0 Certified Support 0.00 0.00 0 Non-Certified Support 82.00 72.00 10.00 8 custodians/Maint, 1 SPED aide and 1 OCS aide Total 256.00 236.00 20.00

FY 2022 BUDGET SUMMARY GOVERNMENTAL SPECIAL REVENUE FIDUCIARY EXPENDABLE TRUST FUND TYPES DESCRIPTION DEBT SERVICE CAPITAL PROJECTS TOTAL (Memo Only) GENERAL ---------------------------------------- -------------- -------------- -------------- -------------- -------------- -------------- REVENUES STATE REVENUES FEDERAL REVENUES LOCAL REVENUES OTHER REVENUES TOTAL REVENUES 8,020,504.00 0.00 0.00 0.00 0.00 0.00 0.00 442,181.00 0.00 0.00 8,462,685.00 3,986,136.12 15,922,634.00 97,500.00 28,468,955.12 0.00 3,986,136.12 678,872.00 6,500.00 4,671,508.12 0.00 14,703,205.00 91,000.00 22,814,709.00 358,790.00 181,767.00 0.00 0.00 800,971.00 181,767.00 EXPENDITURES: INSTRUCTIONAL SERVICES INSTRUCTIONAL SUPPORT SERVICES OPERATIONS & MAINTENANCE AUXILIARY SERVICES GENERAL ADMINISTRATIVE SERVICES CAPITAL OUTLAY DEBT SERVICES OTHER EXPENDITURES TOTAL EXPENDITURES 12,438,998.75 3,464,349.42 1,979,101.00 785,616.40 1,774,829.67 1,733,079.75 559,571.64 27,641.00 1,029,047.73 158,051.67 1,000,000.00 1,043.00 558,559.56 5,066,994.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 31,230.00 78,674.00 89.00 1,057.00 14,203,308.50 4,102,595.06 2,456,831.00 1,915,112.13 1,932,881.34 1,000,000.00 1,901,480.27 1,093,144.06 28,605,352.36 450,000.00 99,391.00 0.00 0.00 0.00 0.00 0.00 0.00 124,850.00 504,979.50 21,072,724.74 1,630,237.27 145,350.00 0.00 0.00 29,605.00 140,655.00 1,630,237.27 694,741.00 OTHER FUND SOURCES (USES): OTHER FUND SOURCES OTHER FUND USES TOTAL OTHER FUND SOURCES (USES) 116,488.82 1,599,469.85 (1,482,981.03) 538,621.85 1,630,237.27 0.00 0.00 0.00 0.00 0.00 0.00 2,285,347.94 1,599,469.85 685,878.09 0.00 0.00 538,621.85 1,630,237.27 EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES 259,003.23 143,135.62 0.00 106,230.00 41,112.00 549,480.85 BEGINNING FUND BALANCE - OCT 1 2,420,000.00 980,000.00 1,300,000.00 400,000.00 215,000.00 5,315,000.00 ENDING FUND BALANCE - SEP 30 2,679,003.23 1,123,135.62 1,300,000.00 506,230.00 256,112.00 5,864,480.85

Governmental Fund Types General Fund- This fund type accounts for all financial resources of the school system except those required to be accounted for in another fund. The primary operating functions of the school system are performed in the general fund. Special Revenue- This fund type accounts for the proceeds of specific revenue sources that are legally restricted to expenditures for specific purposes other that state funds. Debt Service- This fund type accounts for the accumulation of resources for the payment of general long-term debt, both principal and interest. Capital Projects- This fund type accounts for financial resources used to acquire or construct major capital facilities other than this of proprietary and trust fund. Fiduciary Expendable Trust Fund- This fund type accounts for financial assets held in trust for some specified purpose where the trust fund is designed to provide stewardship over the expendable asset.

Revenue Sources STATE REVENUES- Foundation, Nurse, Technology Coordinator, Career Tech O-M, Transportation, AT Risk, Preschool, OSR PreK, Capital Outlay, Fleet Renewal, Gifted, ESL, ARI FEDERAL REVENUES- IDEA, Preschool, Title I, Title II, Title IV, 21stCentury Grant, Child Nutrition, JROTC LOCAL REVENUES- Ad Val Tax, Sales Tax, Business Priv Tax, Alcohol Tax, Helping School Tax, Manufactured Homes tax, City Council Appropriations, Tuition OTHER REVENUES- Medicaid Reimbursement, Indirect Cost

EXPENDITURES BY FUNCTION Instructional Services Instructional activities dealing directly with the interaction between teachers and students. Teaching may be provided for pupils in a school classroom, in another location such as a home or hospital and in other learning situations such as those involving co-curricular activities (Co- curricular includes such activities as field trips, athletics, band and school clubs.) Instructional Support Services Those services or activities providing supervision and/or technical and logistical support to facilitate and enhance instruction. Such services will include student support, instructional staff support, educational media and local school administration. Operation & Maintenance Services Activities concerned with keeping the physical plant open, comfortable and safe for use and keeping the grounds, building and equipment in effective working condition and good state of repair. Auxiliary Services Those activities or services functioning in a subsidiary capacity and lending assistance to the educational process. Included in this function are student transportation services and food service operations.

EXPENDITURES BY FUNCTION General Administrative Services Activities concerned with establishing and administering policy for operating the school system. Capital Outlay - Real Property Activities concerned with acquiring land and buildings, land and building improvements, building additions, and construction and architecture and engineering services. Debt Services - Long Term Activities involved in servicing the long term debt(s) of the school system. These include payments of principal and interest on bond and warrant obligations, payments of principal and interest on lease- purchase agreements and payments of other related debt service charges incurred such as handling charges from lending institutions. Other Expenditures Activities involving the operations of programs other than those normally considered day school . These include activities dealing with Adult/Continuing education programs, nonpublic school programs and services, and community services.

FY 2022 Total Budgeted Revenues GOVERNMENTAL SPECIAL REVENUE -------------- FIDUCIARY EXPENDABLE TRUST -------------- FUND TYPES DESCRIPTION ---------------------------------------- REVENUES STATE REVENUES FEDERAL REVENUES LOCAL REVENUES OTHER REVENUES TOTAL REVENUES DEBT SERVICE -------------- CAPITAL PROJECTS -------------- TOTAL (Memo Only) -------------- GENERAL -------------- 8,020,504.00 0.00 0.00 0.00 0.00 0.00 0.00 442,181.00 0.00 0.00 8,462,685.00 3,986,136.12 0.00 3,986,136.12 678,872.00 6,500.00 4,671,508.12 0.00 14,703,205.00 91,000.00 22,814,709.00 358,790.00 181,767.00 15,922,634.00 0.00 181,767.00 28,468,955.12 0.00 97,500.00 800,971.00 OTHER REVENUES 0% STATE REVENUES 30% LOCAL REVENUES 56% FEDERAL REVENUES 14%

FY 2022 Total of Budgeted Expenditures EXPENDITURES: INSTRUCTIONAL SERVICES INSTRUCTIONAL SUPPORT SERVICES OPERATIONS & MAINTENANCE AUXILIARY SERVICES GENERAL ADMINISTRATIVE SERVICES CAPITAL OUTLAY DEBT SERVICES OTHER EXPENDITURES TOTAL EXPENDITURES 12,438,998.75 3,464,349.42 1,979,101.00 785,616.40 1,774,829.67 1,733,079.75 559,571.64 27,641.00 1,029,047.73 158,051.67 1,000,000.00 1,043.00 558,559.56 5,066,994.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 31,230.00 14,203,308.50 78,674.00 4,102,595.06 89.00 2,456,831.00 1,057.00 1,915,112.13 0.00 1,932,881.34 0.00 1,000,000.00 0.00 1,901,480.27 29,605.00 1,093,144.06 140,655.00 28,605,352.36 450,000.00 99,391.00 0.00 0.00 0.00 124,850.00 504,979.50 21,072,724.74 1,630,237.27 145,350.00 0.00 0.00 1,630,237.27 694,741.00 OTHER DEBT SERVICES 7% GENERAL EXPENDITURES 4% ADMINISTRATIVE SERVICES 7% Salaries & benefits represent 74% of budget (not including schools and capital budget) INSTRUCTIONAL SERVICES 50% AUXILIARY SERVICES 7% OPERATIONS & MAINTENANCE 8% INSTRUCTIONAL SUPPORT SERVICES 14%

Budgeted Expenditures vs State Averages 60% 50% 40% 30% 20% 10% GSCS State 0%

Equitable Services by School School % of expenses % of ADM GSE 38% 40% GSM 20% 23% GSH 42% 37% Total general fund expenses by school. % s reflect that we are providing equitable services between the schools based on ADM

General Fund Budget FUND TYPES DESCRIPTION ---------------------------------------- GENERAL -------------- REVENUES STATE REVENUES FEDERAL REVENUES LOCAL REVENUES OTHER REVENUES TOTAL REVENUES 8,020,504.00 0.00 14,703,205.00 91,000.00 22,814,709.00 EXPENDITURES: INSTRUCTIONAL SERVICES INSTRUCTIONAL SUPPORT SERVICES OPERATIONS & MAINTENANCE AUXILIARY SERVICES GENERAL ADMINISTRATIVE SERVICES CAPITAL OUTLAY DEBT SERVICES OTHER EXPENDITURES TOTAL EXPENDITURES 12,438,998.75 3,464,349.42 1,979,101.00 785,616.40 1,774,829.67 0.00 124,850.00 504,979.50 21,072,724.74 OTHER FUND SOURCES (USES): OTHER FUND SOURCES OTHER FUND USES TOTAL OTHER FUND SOURCES (USES) 116,488.82 1,599,469.85 (1,482,981.03) EXCESS REVENUES & OTHER SOURCES OVER (UNDER) EXPENDITURES & OTHER FUND USES 259,003.23 BEGINNING FUND BALANCE - OCT 1 2,420,000.00 ENDING FUND BALANCE - SEP 30 2,679,003.23

Foundation Report from State Foundation Program FY2022 FY 2021 Change Salaries and Fringe Benefits $10,656,317 $10,299,059 $357,258 Other Current Expense ($20,702 from $19,808/unit) 2,891,830 2,743,168 148,662 Student Materials ($700/unit from $600/unit) 97,783 83,094 14,689 Technology ($500/unit from $350/unit) 69,845 48,472 21,373 Library Enhancement ($157.72/unit- no change) 22,031 21,843 188 Professional Development ($100/unit- no change) 13,969 13,849 120 Textbooks ($75/ADM- no change) 161,723 161,839 (116) Total Foundation 13,913,498 13,371,324 542,174 10 Mill Match <7,296,604> <6,731,630> 564,974 Total state funded foundation $6,616,894 $6,639,694 (22,800)

10 Mill Match Calculation A. LOCAL FUNDS EQUIVALENT TO 10 MILLS Act 95-314, Section 16-13-231 of Code of Alabama requires that local support for schools must be funded at an amount equivalent to 10 mills of ad valorem tax. In order to review the condition of local funding, the following outline should be used. Data from 2019-2020 General Purpose Financial Statement must be used in completing this section. FY 2021 FY 2020 1. Amount of Regular District Ad Valorem Tax (code 6210) 2. Number of Mills of Regular District Ad Valorem Tax 3. Value of 1 Mill (Divide Item 1 by item 2) 4. Value of 10 Mills (Item 3 times 10) 2,188,981.47 2,019,489.00 3.00 3.00 729,660.49 673,163.00 7,296,604.90 6,731,630.00 NOTE: 10 Mill match increased $564,974 from FY 2021.

10 Mill Match Comparison ADM 10 Mill Match 10 Mill per Student Gulf Shores City Schools 2,156.30 7,296,605 3,383.85 Homewood City Schools 4,177.15 6,962,300 1,666.76 Mountain Brook City Schools 4,375.60 6,852,890 1,566.16 Baldwin County Schools 29,554.95 42,782,360 1,447.55 Auburn City Schools 8,953.55 11,698,970 1,306.63 Vestavia City Schools 7,027.65 7,541,300 1,073.09 Madison City Schools 11,512.95 7,914,110 687.41 Saraland City Schools 3,117.55 1,583,420 507.91

State Revenues (GF) Foundation Program FY 2022 FY 2021 Amended Change Comment Foundation $6,616,894 $6,639,694 $(22,800) Increase 10 mill match School Nurse Program 161,074 140,340 20,734 State increase Technology Coordinator 60,966 61,368 (402) minor Career Tech O-M 25,425 17,958 7,467 State increase Alabama Reading 80,000 80,000 0 No change ESL 21,828 23,385 (1,557) minor Gifted 0 9,138 (9,138) Allocation not received yet Transportation 671,827 587,278 84,549 Add additional routes At-Risk 42,771 43,948 (1,177) minor PreSchool 50,496 10,622 39,874 State increase OSR 289,224 289,224 0 No Change Total state revenues $8,020,505 $7,902,955 117,550

Ad Val Tax Revenues Tax Mills FY 2022 FY 2021 (amended) Countywide Ad Val* 4 Mills $1,420,000 $1,400,000 Special Countywide Ad Val* 5 Mills 1,780,000 1,760,000 District Ad Val ^ 4 Mills 2,300,000 2,200,000 Total Mills 13 Mills $5,500,000 $5,360,000 * Received the county abstracts for tax year 2021. Reduced the taxes due by 4% (conservative) and multiplied the taxes due by 6.8%(share based on ADM). Reduction is based on discussions with Baldwin County Commission on property reevaluations and errors and omissions. ^ Pulled the county abstract taxes due for City of Gulf Shores. Divided by the total number of mills (5) and multiplied the value per 1 mill by 3 (school system s per mill share). Reduced that calculation by 4% to remain conservative. There is also 1 additional mill that is minor (less than 1k). Those two make up the 4 mills.

Sales Tax Revenue Tax Rate FY 2022 FY 2021 (amended) Change Sales Tax Revenue 2.0 cents 7,450,000 $6,900,000 550,000 Based on projected collections from 2021 and reduced by 1% to remain conservative. Sales tax has averaged increases of 5.25% per year (prior to covid). $358,790 of the sales tax revenue is restricted for state capital match.

ALL Local Revenues Local Revenue FY 2022 FY 2021 (amended) Change Comment Ad Valorem Taxes (includes probate) $5,500,000 $5,360,000 $140,000 Based on abstracts Business Privilege Tax 75,000 70,000 5,000 minor Sales Tax (less capital match) 7,450,000 6,900,000 550,000 Based on FY21 projections Other County Tax 21,900 21,900 0 No change City Appropriation 1,800,000 1,800,000 0 No change Tuition 83,000 75,000 8,000 Increase in out of district Sale of Surplus 4,000 4,000 0 No change Donation/Other 128,095 116,845 11,250 Rec fees paid Total Local Revenue $15,061,995 $14,347,745 714,250 Less State 10 Mill Match <7,296,604> <6,731,630> 564,974 Property Value increase Less State Capital Mill Match <358,790> <334,383) 24,407 Property Value increase Local Use $7,406,601 $7,281,732 124,869 Increase in local budget

Instructional Services and Instructional Support (GF) Expense Category Budget FY 2022 % of Budget Salaries & Benefits $14,869,239 93.50% Purchased Services* 371,500 2.34% Materials and Supplies 648,709 4.08% Registration fees and dues 13,900 .09% Total $15,903,348 * Purchased Services consist of several categories: professional development, professional services, rental equipment (copiers), printing and postage, other purchased services (testing, SPED contracts, etc )

Operations and Maintenance (GF) Expense Category FY 2022 Budget % of Budget Salaries & Benefits $879,644 44.45% Purchased Services* 921,957 46.58% Materials and Supplies 122,500 6.19% Building Improvements 55,000 2.78% Total $1,979,101 * Purchased Services consist of several categories: repair and maintenance, garbage services, phones, utilities

Auxiliary Services (GF)-Transportation Expense Category FY 2022 Budget % of Budget Salaries & Benefits $627,680 79.90% Purchased Services* 60,400 7.69% Materials and Supplies* 87,850 11.18% Vehicles 7,000 0.89% Registration Fees 2,686 0.34% Total $785,616 * Purchased Services consist of several categories: drug testing, bus repair and maintenance, transportation phones, travel, transportation insurance. * Materials and supplies- fuel, tires, non-capitalized equipment

General Administrative Services (GF) Expense Category FY 2022 Budget % of Budget Salaries & Benefits $1,148,980 64.74% Purchased Services* 436,700 24.61% Supplies and non- capital equipment 154,700 8.72% Registration fees and dues 34,450 1.94% Total $1,774,830 * Purchased Services consist of several categories: auditing, legal fees, accounting and payroll software, advertising, travel, IT Services

Other Expenditures (GF) Expense Category FY 2022 Budget % of Budget Salaries & Benefits (prek and extended day) $504,980 22.65% *Transfers out 538,622 24.16% Debt Payments 1,185,698 53.19% Total $2,229,300 * Transfers out consist of band and athletic transfers, CNP pass-thru and local school allocations

How is Local Revenue being Spent?? Expense Category FY 2022 Budget % of Budget Salaries and Benefits $3,467,148 47.42% Purchased Services* 1,689,657 23.11% Non-cap Equip and Supplies 537,633 7.35% Dues and Registration 43,350 0.59% Building Improvements 55,000 0.75% Debt Service 1,185,698 16.22% Transfer out- Athletics, school allocations 333,600 4.56% Total $7,312,086 * Purchased Services consist of several categories: audit services, legal fees, IT software, repair and maintenance, custodian services, utilities, phones, travel, technology services

Programs and Projects Funded Locally Salaries and Benefits 1. STEAM Teacher (GSE) 2. Spanish Teacher (GSE) 3. STEAM Teacher (GSM) 4. Aviation Teacher (GSH) 5. Finance Teacher (GSH) 6. Virtual Teacher (GSH) 7. Assistant Principal (GSE) 8. Athletic Director (District) 9. Coaches (GSH) Supplies and Services 1. STEAM lab equipment and supplies 2. Aviation Supplies and contract services 3. Athletic Support 4. Local School Support

General Fund Excess Revenues Over Expenses (GF) FY 2022 Budget Total Revenues and Fund Sources $22,931,198 Total Expenditures and Fund Uses <22,672,195) Excess Revenues over Expenses 259,003 FY 2022 Budget Conservative estimates 2021 Fund Balance (estimate) $2,420,000 FY 2022 Excess revenues over exp 259,003 $1,889,350 = 1- month reserve 2022 Fund Balance (estimate) 2,679,003 # of months reserve 1.42

Debt Service FY 2022 Budget Funding Source Apple Lease (macbooks) $104,850 Donation Apple Lease (macbooks) 104,850 Capital Apple Lease (iPads) 41,500 Capital 2 Buses 19,000 Capital City payment 1,060,848 Local Building Debt 569,389 Paid by BCBE until 2024 Total $1,900,437

Special Revenue Funding Descriptions Title I, Part A- provides financial assistance to local educational agencies (LEAs) and schools with high numbers or high percentages of children from low-income families to help ensure that all children meet challenging state academic standards. Title II, Part A- The purpose of this part is to provide grants to State educational agencies, local educational agencies, State agencies for higher education, and eligible partnerships in order to (1) increase student academic achievement through strategies such as improving teacher and principal quality and increasing the number of highly qualified teachers in the classroom and highly qualified principals and assistant principals in schools; and (2) hold local educational agencies and schools accountable for improvements in student academic achievement. Title IV- The SSAE program is intended to improve students academic achievement by increasing the capacity of State educational agencies (SEAs), local educational agencies (LEAs), and local communities to provide all students with access to a well-rounded education; improve school conditions for student learning; and improve the use of technology to improve the academic achievement and digital literacy of all students. IDEA Part B- The purpose is to assist States, outlying areas, freely associated States, and the Secretary of the Interior to provide special education and related services to children with disabilities, including that children with disabilities have access to a free appropriate public education (FAPE).

Special Revenue Funding Descriptions (contd) IDEA Preschool Part B- the preschool section of IDEA Part B. Applies to children 3 through 5 years old Carl Perkins- improvement of secondary and postsecondary career and technical education programs across the nation Title III- is to help ensure that English learners attain English language proficiency and meet state academic standards. 21stCentury Learning- grants to schools, community and faith-based organizations, and youth development agencies, to provide high quality, expanded learning opportunities outside of regular school hours for children in a safe and secure educational environment. Child Nutrition Program- federally funded assisted meal program operating in public and nonprofit private schools. It provides a nutritionally balanced, low-cost or free lunches to children each school day. Public Funds at Local School- Funds received from public (tax) sources or used for public purpose

Special Revenue Fund Revenue Special Revenue Fund FY 2022 FY 2021 Change IDEA-Part B $464,204 $458,238 $5,966 Preschool 9,645 11,609 (1,964) Carl Perkins 23,028 21,883 1,145 Title I, Part A 338,890 336,520 2,370 Title II, Training 59,707 56,007 3,700 Title III, ELL 0 6,689 (6,689) Title IV 25,062 25,609 (547) 21stCentury 350,000 350,000 0 COVID 1,846,595 1,498,501 348,094 Child Nutrition Program 1,031,622 1,040,991 (9,369) JROTC 53,905 69,987 (16,082) Public Funds at Schools 1,007,472 706,872 300,600 Total Special Revenue $5,210,130 $4,582,906 $627,224

Special Revenue Fund Revenue Expense Category FY 2022 Budget % of Budget Salaries and Benefits $2,262,582 57.37% Purchased Services* 337,531 8.11% Materials and Supplies 374,123 8.99% Capital Outlay 1,000,000 24.03% Dues and Registration 70,407 1.69% Indirect Cost 116,489 2.80% Total $4,161,132 * Purchased Services consist of several categories: travel, printing, insurance, officials, software, repairs and maintenance, 21stcentury contracts Materials and supplies consist of supplies and purchased food.

CNP Analysis- SY 2020-2021 46,617 Breakfast served 154,979 Lunches served 5,547 Snacks served 20,367 Supper served 227,510 TOTAL MEALS SERVED $12,389 in Sales $834,065 in USDA Reimbursement

Capital Fund Revenue Funding Source FY 2022 FY 2021 Change Comment State Capital Purchase 358,790 334,383 24,407 Increase due to property values increasing Local Match (0.496671 Mills) 358,790 334,383 24,407 Increase due to property values increasing Fleet Renewal 83,391 77,389 6,002 Add additional bus to fleet renewal Total Capital Revenues 800,971 746,155 54,816

Capital Fund Expenditures Capital Exp FY 2022 Budget % of Budget Building Insurance $130,000 18.82% Non-Capital Equipment 90,000 13.03% School Bus 99,391 14.39% Capital Equipment 80,000 11.58% Building/Land Improvement 150,000 21.72% Debt Service 141,350 20.46% Total Capital Exp $690,741

Capital Fund Excess Revenues Over Expenses (CF) FY 2022 Budget Total Revenues and Fund Sources $800,971 Total Expenditures and Fund Uses <694,741> Excess Revenues over Expenses 106,230 FY 2022 Budget 2021 Fund Balance (estimate) $400,000 FY 2022 Excess revenues over exp 106,230 2022 Fund Balance (estimate) 506,230

Responses to Proposed Annual Budget Questions? Public response form available Submit to the Board Office with attention to Chad Green, Chief School Financial Officer. Provide your name, address and phone number Please sign the form cgreen@gsboe.org