Projected Revenue
Sources of Revenue
|
SUMMARY of STATE FUNDING |
|
State Funding Comparison for Fiscal Years 2022 and 2023 |
||||||
|
|
||||||
|
Funding Program |
|
FY 2022a |
|
FY 2023b |
|
Variance |
|
|
|
|
|
|
|
|
|
Standards of Quality |
|
46,702,446 |
|
51,809,561 |
|
5,107,115 |
|
|
|
|
|
|
|
|
|
Incentive Programs |
|
7,793,741 |
|
12,099,667 |
|
4,305,926 |
|
(Less State Grants) |
|
(548,574) |
|
(576,650) |
|
(28,076) |
|
|
|
|
|
|
|
|
|
Categorical Programs |
|
73,005 |
|
76,456 |
|
3,451 |
|
(Less State Grants) |
|
(58,392) |
|
(61,704) |
|
(3,312) |
|
|
|
|
|
|
|
|
|
Lottery-Funded Programs |
|
6,883,335 |
|
8,133,458 |
|
1,250,123 |
|
(Less State Grants) |
|
(1,320,872) |
|
(1,187,976) |
|
132,896 |
|
|
|
|
|
|
|
|
|
Total |
|
59,524,689 |
|
70,292,812 |
|
10,768,123 |
a In FY 2022, the Local Composite Index (LCI) for Henry County Public Schools was .2253, and state funding was based on an Average Daily Membership (ADM) of 6,714 students.
b In FY 2023, the LCI for Henry County Public Schools has been lowered to .2179, and state funding is based upon a projection of 6,657 students in ADM.
|
SUMMARY of LOCAL FUNDING |
|
Comparison of Local Share of Cost for Fiscal Years 2022 and 2023 |
||||||
|
|
||||||
|
Funding Program |
|
FY 2022 |
|
FY 2023 |
|
Variance |
|
|
|
|
|
|
|
|
|
Standards of Quality |
|
11,043,748 |
|
11,653,116 |
|
609,368 |
|
|
|
|
|
|
|
|
|
Incentive Programs |
|
1,671,530 |
|
2,142,278 |
|
470,748 |
|
|
|
|
|
|
|
|
|
Categorical Programs |
|
0 |
|
0 |
|
0 |
|
|
|
|
|
|
|
|
|
Lottery-Funded Programs |
|
1,596,895 |
|
1,911,337 |
|
314,442 |
|
|
|
|
|
|
|
|
|
Local Leeway Funding |
|
5,061,604 |
|
3,005,888 |
|
(2,055,716) |
|
|
|
|
|
|
|
|
|
Total |
|
19,373,777 |
|
18,712,619 |
|
(661,158) |
“Local Leeway” is the term given to additional local funds, those given in excess of what is required.
|
SUMMARY of TOTAL REVENUE |
|
Comparison of Fiscal Years 2022 and 2023 Revenue Sources |
||||||
|
|
||||||
|
Funding Program |
|
FY 2022 |
|
FY 2023 |
|
Variance |
|
|
|
|
|
|
|
|
|
State Accounts |
|
59,524,689 |
|
70,292,812 |
|
10,768,123 |
|
|
|
|
|
|
|
|
|
Local Funding |
|
19,373,777 |
|
18,712,619 |
|
(661,158) |
|
|
|
|
|
|
|
|
|
Grants |
|
10,000,000 |
|
10,500,000 |
|
500,000 |
|
|
|
|
|
|
|
|
|
Other Revenue |
|
1,712,366 |
|
1,712,366 |
|
-- |
|
|
|
|
|
|
|
|
|
Total |
|
90,610,832 |
|
101,217,797 |
|
10,606,965 |
