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Agenda Item #1 <br /> Attachment D <br /> Appendix A <br /> BOARD OF EDUCATION'S LOCAL FUND CURRENT OPERATING BUDGET REQUEST <br /> For the Budget Year 2020-2021 <br /> LOCAL PRIORITY EXPANSION REQUESTS <br /> Class Size Reduction: <br /> 13 Additional Teachers with benefits $ 1,092,000 $ 88.69 <br /> 13 Additional Teacher Assistants with benefits 488,000 39.64 <br /> Removing the Supplement Cap on Certified Employees 166,000 13.48 <br /> Paid Parental Leave 568,0Do 46.13 <br /> 2 Days Paid Salaries for Inclement Weather 360,000 29.24 <br /> Cost of Continuing Project Advance for the 2020-2021 Budget Year 968,500 78.66 <br /> Cost Associated with COVID-19 Re-entry and Recovery 1,000,0D0 81.22 <br /> Total Expansion Budget Costs 4,642,500 377.07 <br /> Grand Total of Continuation and Expansion Costs 8,358,s00 678.89 <br /> PROJECTED INCREASE LOCAL FUND REVENUE <br /> Net Change in all other Local Revenues 225,000 18.27 <br /> Total Projected Increase in Local Fund Revenue 225,OD0 18.27 <br /> Deficit in Local Current Operating Budget Request a,133,500 660.62 <br /> Local Fund Balance Appropriated 1,968,50,0 159.88 <br /> TOTAL DISTRICT APPROPRIATION REQUEST $ 6,165,Doo $ 500.73 <br /> ADDITIONAL BUDGETARTY CONSIDERATIONS: <br /> Fund Balance Appropriated: <br /> Continuing Project Advance for the 2020-2021 Budget Year $ 968,500 <br /> Cost Associated with COVID-19 Re-entry 1,0D0,0D0 <br /> $ 1,968,5D0 <br /> The ad valorem tax rate for 2020-21 is estimated to generate$1,915,000 per$.01 increase.The District receives <br /> * approximately 60%of the revenue increase or$1,149,000. <br /> A 5.37 cents tax rate would be required to fund the$6,165,000 shortfall. <br /> The special district tax rate for 2020-21 is estimated to generate$1,215,021 per$.01 increase. <br /> The sprecial district tax would need to increase by$.0507 cents <br /> to a new rate of$.2525 to fully fund the revenue shortfall. <br />