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  • St. Clair County Board of Ed

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    The St. Clair County Board of Education faces several financial challenges: - It had $2.7 million in unfunded mandates for fiscal year 2009 and lost $5 million due to state funding proration that year and $3.2 million in fiscal year 2010. - The teacher to pupil ratio is 21:1 but declining state funding means the Board has had to draw from its reserves to pay regular expenses, spending $607.67 per child in 2009 and $385.70 in 2010. - Both state funding and the Board's reserves have decreased in recent years, leaving the school system with less money to cover its costs despite increasing expenses.

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    The St. Clair County Board of Education faces several financial challenges: - It had $2.7 million in unfunded mandates for fiscal year 2009 and lost $5 million due to state funding proration that year and $3.2 million in fiscal year 2010. - The teacher to pupil ratio is 21:1 but declining state funding means the Board has had to draw from its reserves to pay regular expenses, spending $607.67 per child in 2009 and $385.70 in 2010. - Both state funding and the Board's reserves have decreased in recent years, leaving the school system with less money to cover its costs despite increasing expenses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    908 views8 pages

    St. Clair County Board of Ed

    Uploaded by

    mrscaldwell0
    The St. Clair County Board of Education faces several financial challenges: - It had $2.7 million in unfunded mandates for fiscal year 2009 and lost $5 million due to state funding proration that year and $3.2 million in fiscal year 2010. - The teacher to pupil ratio is 21:1 but declining state funding means the Board has had to draw from its reserves to pay regular expenses, spending $607.67 per child in 2009 and $385.70 in 2010. - Both state funding and the Board's reserves have decreased in recent years, leaving the school system with less money to cover its costs despite increasing expenses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 8

    St.

    Clair County Board of Education


     The Teacher Pupil Ratio 21:1
     Unfunded Mandates for FY 09 $ 2,678,303
     The 10 mill charge back for St. Clair County $ 4,495,280
     Line of Credit Borrowed and Carried over to FY 2010 $ 0
     Line of Credit Anticipated to Borrow in FY 2010 $ 0
     Projected Line of Credit debt unpaid as of 9/30/10 $ 0
     Dollars lost in FY09 due to proration $ 5,047,275
     Dollars lost in FY10 due to proration $ 3,213,635
    How Higher Costs + Less
    Money
    = The Coming Financial Cliff
    FY 09 = $5,047,275
    FY 10 = $3,213,635
    This equates to

    FY 09 $ 607.67 per child


    FY 10 $ 385.70 per child
    Total $ 993.37 per child
    =

    The amount of cash we are spending from our


    reserve every month to make up for state
    shortfall
    State Local
    51,000,000.00 5,000,000

    50,000,000.00 4,500,000

    49,000,000.00 4,000,000

    3,500,000
    48,000,000.00
    3,000,000
    47,000,000.00
    2,500,000
    46,000,000.00 State
    2,000,000 Local
    45,000,000.00
    1,500,000
    44,000,000.00
    1,000,000
    43,000,000.00
    500,000
    42,000,000.00
    0
    2008 2009 2010
    2008 2009 2010
    December 2011

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