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{~~~.~~ r~®~~.tt~ ~~~~c~ll~ <br />Qperating Budget Narrative <br />2008-200 <br />The following budget allows for the identification of the financial resources necessary to <br />carry on all existing programs and functions at their current level of service and includes <br />some minor program expansions in the upcoming fiscal year. It includes adjustments <br />necessary to account for inflation, as well as the increased cost of services or materials. <br />State Mandates <br />Salary and Benefit Increases <br />$1,465,449 <br />The salaries of certified staff members have been projected to rise by 5% and non- <br />certified staff members by 4% for the 2008-2009 school year based on the increase <br />awarded far the 2007-2008 school year {$808,561}. This figure includes a matching <br />contribution for employer's social security tax ($61,855). The employer's matching <br />funds for the state's retirement are expected to increase by .4%, from 7.83% to 8.23% <br />{$133,596). The employer's portion of the state's health insurance is anticipated to <br />increase by 6% {$61,037). <br />Exceptional Children's Program <br />$164,952 <br />The state has passed new regulations governing the class size far exceptional children's <br />classes. This will require the district to hire two additional teachers at a cost of $132,368 <br />and one additional teacher assistant at a cost of $28,584. kpending state funds received <br />Continuation of Current Services <br />Utility Increases <br />$81,444 <br />Substantial price increases are negatively affecting all of the utility budgets. A 10% <br />increase is requested for the rising cost of water ($33,000) and the increased cost of <br />natural gas {$48,000). These increases are based upon the historical trends of these two <br />utilities. The district will not face an increase in the cost of electrical utilities, as Duke <br />Energy Carolinas has given a rate reduction to its North Carolina customers averaging <br />7.6%. <br />Fuel <br />$54,004 <br />Fuel prices are continuing to increase and these ongoing costs have strained the district's <br />operating expenses for our transportation department. A 30% ($50,000) increase to cover <br />the rising cost of fuel is requested. <br />DRAFT <br />