May 10, 2021 at 10:00 AM - Johnson City Board of Education Special Budget Meeting

Discussion:  Mrs. Kathy Hall called the meeting to order and turned it over to Ms. Leia Valley. 

Discussion: 

• Instructional Salaries Funding
  • Total Full Funding - Instructional: $25,968,000
  • Less: Required Local Matching Funds 34.64%: 8,994,000
  • State Share of Instructional Funding 65.36%: $16,974,000
• Instructional Benefits Funding
  • Total Full Funding - Instructional: $8,365,000
  • Less: Required Local Matching Funds 34.64%: 2,897,000
  • State Share of Instructional Funding 65.36%: $5,468,000
• Classroom Funding
  • Total Full Funding - Classroom: $8,104,000
  • Less: Required Local Matching Funds 29.19%: 2,366,000
  • State Share of Classroom Funding 70.81 %:  $5,738,000
• Non-Classroom Funding
  • Total Full Funding - Non-Classroom: $15,850,000
  • Less: Required Local Matching Funds 54.84%: 8,693,000
  • State Share of Non-Classroom Funding 45.16%: $7,157,000

Total State BEP Funding Allocation: $35,337,000
FY21 Local Contribution: 44,744,833
Total Required Local Matching Funds:22,950,000
Total BEP Funding - State and Local : $58,287,000 

 

Discussion:  Student Counts (Weighted average of months 2,3,6 and 6) 2019-2020

Total ADMs: 7,872
Career and Technical ADMs Served: 268
Special Education ADMs Identified and Served: 1,310

FY22 Increase in Instructional Salary Funds System: $659,000
FY20 Weighted Average Salary Statewide:$55,937 
FY20 Weighted Average Salary:$47,621
Required Instructional Salary Budget Increase: $0
IEA Program - per pupil amount: $7,405

Fiscal Capacity Indices 
TACIR Index: 1.817%
CBER/Fox Index: 1.814% 
TACIR 50% & CBER 50%: 1.815% 

 

Discussion:  Budget Recap 2021-2022 - 3% Raise - Sales Tax City Calculation

• 3% Raise - $1,698,000.00 Cost of 1 % Raise is $566,000 
• 20-21 1% Raise: $550,000.00
• Step Increase: $604,000.00, Salary Improvement for FY22
• 2% Raise -$1,132,000.00 Cost of 1% Raise is $566,000 

Total: $3,595,770.00
Amount Needed to Balance: $(1,808,163.00) 
One-Time Insurance Expense: $3,000,000.00 
ESSER 3.0: $(1,450,000.00) 
$1,550,000.00 
Priority 2 Requests: $478,483.00 
Priority 3 Requests: $355,000.00 


Budget Recap 2021-2022 - 3% Raise - Sales Tax 20-21 

• 3% Raise: $1,698,000.00 Cost of 1% Raise is $550,000.00 
• 20-21 1 % Raise: 550,000.00 
• Step Increase: 604,000.00 Salary Improvement for FY22

Total: $3,677,191.00  
Amount Needed to Balance: $(1,075,273.00) 
One-Time Insurance Expense:  $3,000,000.00
ESSER 3.0: $(1,450,000.00) 
$1,550,000.00  
Priority 2 Requests: $478,483.00 
Priority 3 Requests: $355,000.00 

Budget Recap 2021 - 2022 - 2% Raise - Sales Tax 20-21 
3% Raise:$1,132,000.00 Cost of 1 % Raise is $566,000
20-21 1%: $550,000.00 
Raise Step Increase: $604,000.00 Salary Improvement for FY22

Total:$3,111,191.00 
Amount Needed to Balance: $(509,273.00) 
One-Time Insurance Expense: $3,000,000.00 
ESSER 3.0: $(1,450,000.00)
$1,550,000.00 
Priority 2 Requests: $478,483.00 
Priority 3 Requests: $355,000.00 


 

Discussion:  Fund Balance Projection 21-22
20-21 Beginning Fund Balance: $8,307,288
Estimated 20-21 Net: $(250,000) 

(Increased Sales Tax and Educare Revenues, Savings in certain 
Classified Positions and Substitutes due to difficulty staffing, savings 
in Utilities, Expenses such as Data Processing Center and Frontier Health ran through ESSER Grants) 

Ending Fund Balance: $8,057,288
21-22 Budget - 1 Time Cost of Ins: $(1,550,000) 
21-22 Budget - Possibly us to balance budget: $(630,206) 
Ending 21-22 Fund Balance - Budget: $5,877,082 

Discussion:  11:28 p.m.