• State Funding
    Standards of Quality Programs are funded in part by the state and in part by the local government. For Henry County Public Schools, the state share accounts for 77.47% of the funding and the local government share accounts for the remaining 22.53% of the funding for Standards of Quality Programs. The Local Composite Index (LCI) determines the “split” in these shared costs.

    Sources of Revenue

    REVENUE SOURCE

    FY 2020

    FY 2021

    VARIANCE

    STATE ACCOUNTS

     $           54,528,668

     $           56,588,535

     $                  2,059,867

    LOCAL FUNDING

     $           18,925,432

     $           18,925,432

     $                                  -  

    GRANTS

     $           10,000,000

     $           10,000,000

     $                                  -  

    OTHER REVENUE

     $              1,712,366

     $              1,712,366

     $                                  -  

    TOTAL

     $          85,166,466

     $          87,226,333

     $                 2,059,867

     

     State Funding

    REVENUE - STANDARDS OF QUALITY PROGRAMS

    2020-2022 LCI = 0.2253

    FY 2020

    FY 2021

    STANDARDS OF QUALITY PROGRAMS

    STATE SHARE

    LOCAL SHARE

    STATE SHARE

    LOCAL SHARE

    Basic Aid

     $          25,060,033

     $             7,288,015

     $          26,947,887

     $             7,837,045

    Sales Tax

     $             8,475,440

     $                             -  

     $             8,702,765

     $                             -  

    Textbooks

     $                547,904

     $                159,343

     $                577,641

     $                167,991

    Vocational Education

     $                489,734

     $                142,426

     $                644,989

     $                187,577

    Gifted Education

     $                272,075

     $                   79,125

     $                284,870

     $                   82,847

    Special Education

     $             2,813,252

     $                818,156

     $             3,069,072

     $                892,554

    Prevention, Intervention, & Remediation

     $             1,409,347

     $                409,869

     $             1,365,226

     $                397,038

    VRS Retirement

     $             3,466,231

     $             1,008,057

     $             3,848,434

     $             1,119,210

    Social Security

     $             1,572,591

     $                457,345

     $             1,650,097

     $                479,885

    Group Life

     $                108,830

     $                   31,650

     $                118,248

     $                   34,389

    English as a Second Language

     $                440,403

     $                128,079

     $                430,830

     $                125,295

    Remedial Summer School

     $                   88,625

     $                             -  

     $                   65,021

     $                             -  

    Subtotal - SOQ Accounts

     $         44,744,465

     $         10,522,065

     $         47,705,080

     $         11,323,831

     

    REVENUE - INCENTIVE PROGRAMS

    2020-2022 LCI = 0.2253

    FY 2020

    FY 2021

    INCENTIVE PROGRAMS

    STATE SHARE

    LOCAL SHARE

    STATE SHARE

    LOCAL SHARE

    Compensation Supplement

     $             1,573,193

     $                             -  

     $                             -  

     $                             -  

    At-Risk (Split funded)

     $                584,478

     $                169,979

     $             1,836,968

     $                534,231

    Virginia Preschool Initiative

    (Lottery-funded in FY 2020)

     $             1,264,394

     $                367,714

    Technology - VPSA

     $                466,000

     $                   77,600

     $                466,000

     $                   77,600

    Subtotal - Incentive Accounts

     $            2,623,672

     $                247,579

     $            3,567,362

     $                979,545

     

    REVENUE - CATEGORICAL PROGRAMS

    2020-2022 LCI = 0.2253

    FY 2020

    FY 2021

    CATEGORICAL PROGRAMS

    STATE SHARE

    LOCAL SHARE

    STATE SHARE

    LOCAL SHARE

    Adult Education

     $                             -  

     $                             -  

     $                             -  

     $                             -  

    Virtual Virginia

     $                             -  

     $                             -  

     $                             -  

     $                             -  

    American Indian Treaty Commitment

     $                             -  

     $                             -  

     $                             -  

     $                             -  

    Special Education - Homebound

     $                   15,212

     $                             -  

     $                   51,405

     $                             -  

    Special Education - State-Operated Prg

     $                             -  

     $                             -  

     $                             -  

     $                             -  

    Subtotal - Categorical Accounts

     $                  15,212

     $                             -  

     $                  51,405

     $                             -  

     

    REVENUE - LOTTERY-FUNDED PROGRAMS

    2020-2022 LCI = 0.2253

    FY 2020

    FY 2021

    LOTTERY-FUNDED PROGRAMS

    STATE SHARE

    LOCAL SHARE

    STATE SHARE

    LOCAL SHARE

    Foster Care

     $                   54,102

     $                             -  

     $                   52,343

     $                             -  

    At-Risk

     $             1,466,469

     $                489,760

     $                877,694

     $                255,253

    Virginia Preschool Initiative

     $             1,377,111

     $                384,817

    (Incentive Program in FY 2021)

    Early Reading Intervention

     $                209,750

     $                   61,000

     $                234,095

     $                   68,080

    Mentor Teacher Program

     $                     4,333

     $                             -  

     $                     6,741

     $                             -  

    K-3 Primary Class Size Reduction

     $             1,841,508

     $                489,079

     $             1,883,248

     $                547,690

    SOL Algebra Readiness

     $                162,806

     $                   47,348

     $                175,199

     $                   50,952

    Career and Technical Education

     $                   29,619

     $                             -  

     $                   30,474

     $                             -  

    Supplemental Basic Aid

     $                             -  

     $                             -  

     $                             -  

     $                             -  

    Infrastructure/Operations PPF

     $             1,999,621

     $                             -  

     $             2,004,894

     $                             -  

    Subtotal - Lottery-Funded Programs

     $            7,145,319

     $            1,472,004

     $            5,264,688

     $                921,975

     

    STATE GRANTS - NOT INCLUDED IN OTHER STATE PROGRAM FUNDS

    2020-2022 LCI = 0.2253

    FY 2020

    FY 2021

    INCENTIVE PROGRAM GRANTS

    STATE SHARE

    LOCAL SHARE

    STATE SHARE

    LOCAL SHARE

    Academic Year Governor's School

     $                511,386

     $                             -  

     $                515,998

     $                             -  

    Special Ed. Regional Tuition

     $                997,115

     $                             -  

     (Lottery-funded in FY 2021)

     

    Subtotal - Incentive Accounts

     $            1,508,501

     $                             -  

     $                515,998

     $                             -  

    CATEGORICAL PROGRAM GRANTS

    STATE SHARE

    LOCAL SHARE

    STATE SHARE

    LOCAL SHARE

    School Lunch

     $                   46,125

     $                             -  

     $                   49,112

     

    Special Education - Jails

     $                     7,696

     $                             -  

     $                     7,306

     

    Subtotal - Categorical Accounts

     $                  53,821

     $                             -  

     $                  56,418

     $                             -  

    LOTTERY-FUNDED PROGRAM GRANTS

    STATE SHARE

    LOCAL SHARE

    STATE SHARE

    LOCAL SHARE

    School Breakfast

     $                   99,992

     $                             -  

     $                   69,449

     $                             -  

    Project Graduation

     $                   13,672

     $                             -  

     $                   12,462

     $                             -  

    Alternative Education

     $                198,291

     $                             -  

     $                192,807

     $                             -  

    ISAEP

     $                   33,420

     $                             -  

     $                   33,545

     $                             -  

    Special Ed. Regional Tuition

     (Incentive Program in FY 2020)

     

     $             1,046,971

     $                             -  

    Subtotal - Lottery-Funded Programs

     $                345,375

     $                             -  

     $            1,355,234

     $                             -  

    Total for State Grants

     $            1,907,697

     $                             -  

     $            1,927,650

     $                             -  

     

    Local Funding

    LOCAL FUNDING (Local Required Effort)

    FY 2020

    FY 2021

    VARIANCE

    % CHANGE

    LRE - SOQ Programs

     $          10,522,065

     $          11,323,831

     $                801,766

    7.62%

    LRE - Incentive Programs

     $                247,579

     $                979,545

     $                731,966

    295.65%

    LRE - Categorical Programs

     $                             -  

     $                             -  

     $                             -  

    0.00%

    LRE - Lottery-funded Programs

     $             1,472,004

     $                921,975

     $              (550,029)

    -37.37%

    Local Leeway

     $             6,683,784

     $             5,700,081

     $              (983,703)

    -14.72%

    Total Local Funding

     $         18,925,432

     $         18,925,432

     $                             -  

    0.00%

     

    REVENUE FROM OTHER FUNDS

    FY 2020

    FY 2021

    VARIANCE

    % Change

    Rental Property

     $                     1,000

     $                     1,000

     $                             -  

    0.00

    Rebate/Refunds

     $                250,000

     $                250,000

     $                             -  

    0.00

    Other Expense Reimbursement

     $                             -  

     $                             -  

     $                             -  

    0.00

    Donations and Special Gifts

     $                             -  

     $                             -  

     $                             -  

    0.00

    Sale of Supplies

     $                     3,000

     $                     3,000

     $                             -  

    0.00

    Sale of Buses

     $                   15,000

     $                   15,000

     $                             -  

    0.00

    Sale of Other Equipment

     $                     6,000

     $                     6,000

     $                             -  

    0.00

    Insurance Adjustments

     $                   10,000

     $                   10,000

     $                             -  

    0.00

    Payments Other State Agency

     $                917,866

     $                917,866

     $                             -  

    0.00

    JROTC Program Reimbursement

     $                114,000

     $                114,000

     $                             -  

    0.00

    Medicaid Pay Sch/Comm Health

     $                350,000

     $                350,000

     $                             -  

    0.00

    Special Fees

     $                   10,000

     $                   10,000

     $                             -  

    0.00

    Sale of Textbooks

     $                             -  

     $                             -  

     $                             -  

    0.00

    Transportation of Pupils

     $                   35,000

     $                   35,000

     $                             -  

    0.00

    Tuition - Adult

     $                             -  

     $                             -  

     $                             -  

    0.00

    Tuition - Summer

     $                         500

     $                         500

     $                             -  

    0.00

    Other Revenue Funding

     $            1,712,366

     $            1,712,366

     $                             -  

    0.00