Fiscal Year 2015 Appropriations

Steven CrawfordExecutive Director of CCOSA

State Budget and Funding Information

Supplemental Funding for FY 2014SB 2127

Ad Valorem ReimbursementSection 133 of SB 2127

•$ 25,523,000.00 to the State Board of Education to be transferred to the Ad Valorem Reimbursement Fund

FY 2015 Budget

SB 2127 – GA Bill• SB2127 provides the general appropriation:– General Revenue: $ 1,055,294,547.00– 1017 Fund: $ 738,625,474.00– Technology Revolving: $ 47,372,299.00– Mineral Leasing (2015): $ 3,800,000.00– Mineral Lease (2013): $ 1,032,258.00– Lottery (2015): $

25,768,418.00– Lottery (2013): $ 5,677,781.00

TOTAL Formula FY15 $1,877,570,777.00

Total Formula Dollars• FY 12 $1,815,185,159.00

• FY 13 $1,816,091,355.00• Difference FY 12-FY 13 + $ 906,196.00

• FY 14 $1,837,570,779.00• Difference FY 13-FY 14 + $21,479,424.00

• FY 15 $1,877,570,777.00• Difference FY 14-FY 15 + $39,999,998.00• Difference FY 12-FY 15 + $62,385,618.00

School Land Commission

• The CLO is continuing to exercise authority to control the volatility of lease-bonus revenue through the lease-bonus stabilization fund.

• Total financial support from CLO is guaranteed at $93M for this fiscal year but CLO estimates that it will distribute between $93.4 and $93.5 Million this year!

History from FY 12 to FY 15

• General Revenue Fund– FY 12: $ 1,100,640,571.00– FY 13: $ 1,007,314,081.00– FY 14: $ 986,672,876.00– FY 15: $ 1,055,294,547.00

– Difference FY12 - FY15: (-) $ 45,346,024.00– Difference FY14 - FY15: (+) $ 68,621,671.00

History from FY 12 to FY 15

• 1017 Fund– FY 12: $ 634,894,569.00– FY 13: $ 726,162,530.00– FY 14: $ 767,691,714.00– FY 15: $ 738,625,474.00

– Difference FY12 - FY15: (+) $103,730,905.00– Difference FY14 - FY15: (-) $ 29,066,240.00

History from FY 12 to FY 15

• Lottery Trust– FY 12: $ 28,870,789.00– FY 13: $ 29,402,815.00– FY 14: $ 30,752,468.00– FY 15: $ 25,768,418.00

– Difference: FY14 – FY15 (-) $ 4,984,050.00

History from FY 12 to FY 15

• Mineral Leasing– FY 12: $ 2,850,000.00– FY 13: $ 4,376,503.00– FY 14: $ 5,081,422.00– FY 15: $ 3,800,000.00

– Difference FY14 – FY15: (-) $ 1,281,422.00

The SDE Activities Budget

History from FY 12 to FY 15• SDE Activities Account - Unrestricted– FY 12: $ 401,224,655.00

• Lump sum given to SDE without line items

– FY 13: $ 7,925,974.00• Lump sum given to SDE without line items

– FY 14: $ 507,772,781.00• Lump sum given to SDE without line items

– FY 15: $ 5,400,000.00• Lump sum given to SDE for school reward grants

HB 3513i. FBA –

1.Certified Staff: $263,856,552.002.Support Staff: $143,824,310.003.Total Appropriation: $407,780,862.00

1. National Board Teachers: $ 11,695,000.002. Speech Path, Audiologist Bonuses:$ 3,247,350.003. Alternative Education: $ 14,027,366.004. Reading Sufficiency Act: $ 6,500,000.005. Sooner Start / Early Intervention: $ 14,417,922.006. Early Childhood Pilot Program: $ 10,500,000.007. Federal School Lunch Match: $ 4,960,288.008. OTRS Offset Credit: $ 35,311,375.009. Textbook Funding to SDE: $ 33,000,000.00

Programs in HB 3513– OPAT $ 1,000,000.00– Rural Infant Stimulation Program $

529,943.00– Summer Arts Institute $ 350,000.00– Ag in the Classroom $

38,675.00– General Ed Development Test $ 0.00– Financial Literacy $ 150,000.00

– Part of Reform Implementation

– ACE $ 8,000,000.00– Advanced Placement Inc. $ 4,150,000.00

Reform Implementation ($42,859,836.00)• K-20 OAS Standards PD $ 564,000.00• K-20 STEM-Ready Elem Schools $ 300,000.00• Think Through Math $ 1,800,000.00• Staff Development $ 4,250,000.00• TLE VAM $ 2,000,000.00• 3rd Grade Reading Readiness $ 2,500,000.00• Student Information Data System $ 1,845,836.00• REAC3H Coaches $ 0.00• Testing $ 3,000,000.00• Teach for America $ 2,500,000.00• School Rewards Grant Pool $ 5,400,000.00

Total Appropriations Comparison

FY 2012

$ 2,278,158,382.00

FY 2014

$ 2,407,604,102.00

FY 2013

$ 2,333,604,082.00

FY 2015

$ 2,479,424,061.00

SB 1469 – Moratorium on Accreditation Standards

• SB 1469, passed in 2014, extended the moratorium on withdrawal of accreditation for failure to meet certain requirements:– Class size– Library / Media Expenditure– Textbooks

• Moratorium is effective until June 30, 2016.

History of Funding Factors• Initial FY12: $ 3,041.40 per WADM– 1,030,947.83 WADM

• End of Year FY12: $ 3,040.20 per WADM– 1,053,066.77 WADM

• End of Year FY13: $ 3,035.00 per WADM– 1,071,320.35 WADM

• Mid-Year FY14: $ 3,032.00 per WADM– 1,088,759.91 WADM

July 2014 Factors Mid-term Set Aside

$1,877,570,777 X 1.5% = $28,163,561Chargeable Growth

Approx. $40,000,000New Formula $$

$39,999,998July Weighted ADM Adjustment

-8287.6 students X $3,032 = $25,128,003

• New Formula SS $105,128,001

• Less Set Aside 28,163,561

• Less Set Aside Charter/LNH 15,000,000

• $61,964,440 divided by 1,088,759 = 56.91

• $3032.00 + 56.91 = $3088.91

Questions?