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7 <br /> Total Continuation and Expansion Requests <br /> • Continuation Total $3,005,092 <br /> • Expansion Total $2,735,575 <br /> Grand Total $5,740,667 <br /> Projected Local Revenues <br /> • 1.5% Inflationary increase to district tax $336,386 <br /> • Pre-K Tuition 60,000 <br /> • Prior Year Special District Tax (125,000) <br /> • Miscellaneous Revenues ($ 525) <br /> Net Change in all other Local Revenues $270,861 <br /> Continuation and Expansion Requests $5,740,667 <br /> Less other local revenue increase 270,861 <br /> Total Funding Request to County $5,469,806 <br /> 2017-18 Student Enrollment Projection <br /> State projection 12,239 <br /> Less out-of-county tuition paid (241) <br /> Plus estimated charter students 217 <br /> Total County Resident Students 12,215 <br /> Ad Valorem Tax Increase Required to Fund Budget Request <br /> Using Current Year Valuation: <br /> County Ad Valorem Tax Increase= <br /> $5,469,806/$999,327 = 5.5 cents <br /> ($1,638,241 X 61% = $999,327) <br /> Per Pupil Increase: <br /> Current Year Appropriation $46,388,977 + $5,469,806 = $51,878,753 <br /> $51,878,753/12,215 students = $4,245.50 per pupil rate <br /> $4,245.50 less current rate of$3,868 = $377.50 per pupil increase required <br /> Class Size Legislation <br /> • Project ADVANCE is part of a two year state pilot, and as such we have a waiver from <br /> this requirement <br /> • Unless changed, eventually we would need to hire 40+ teacher positions <br /> • Potential cost increase to the district is over $4 million <br /> • Legislative corrective action is underway <br /> Fund Balance Allocation <br /> • Assign $1,000,000 in fund balance for 2017-2018 <br /> • Estimated year-end unassigned fund balance for June 30, 2017 is $6.9 million <br /> • The projected 5.5% target is $4 million <br /> • Unassigned F/B above the target is $2.9 million <br /> • Reserve fund balance for capital projects <br />