School Finance Case

Study: Mock Budget

Hope Creek Elementary
Nafeesha Irby, Karyn Pleasant, Katie Row,
Cindy Miller-Walker
Welcome to Hope Creek
Elementary
Grade Levels: K-5th
Student Population: 563
Teacher Population: 28
Teacher:Student Ratio: 1:23.5
Parental Involvement: 85%
Title I School
2013-2014 Academic Focus: Literacy for All

Budget Overview
Instructional Supplies-State: $14,075.00
Instructional Supplies-Local: $ 7,630.00
Copier Services: $8,445.00
School Office Supplies: $713.00
Title I Funds: $180,000
Field Trips: $5663.00
Janitorial Supplies & Materials: $3,941.00
Instructional Supplies
Technology Pilot: Barnes & Noble Nooks

Cost of Device: $80.00 each

Goal: Each teacher will be provided a class set of 25 Nooks
to support differentiated reading in their classes

Cost of Nooks per classroom: $80.00 x 25= $2,000.00

Total cost of Nooks: $12,000.00

Balance Instructional Supplies-State: $2,075.00

Instructional Supplies Continued
Each grade-level will be provided with a $1,000.00 yearly budget ($500/semester)
o Paper
o Pencils
o Notebooks
o Rulers
o Etc

Computer: $600.00/year ($300/semester)

Art: $600/year ($300/semester)

Music: $600/year ($300/semester)

Media: $600/year ($300/semester)

Breakdown: $1,000.00 x 6= $6,000.00 + $600.00 + $1,800.00= $8,400.00

*$2,000.00 of the $2,075.00 from State funding went toward wish-list supplies
Instructional Supplies Summary


$12,000.00 + $8,400.00= $20,400.00 of $21,705.00
Nooks Supplies Total "Spent"
Total Budget



Balances
$1,230 from Instructional Supplies-State
$75.00 from Instructional Supplies-Local
Total: $1,305.00
Title I
The Title I Funds received for Hope Creek Elementary
School will be allocated for the following:
2 Additional Teaching Positions
2 Additional Teaching Assistant Positions
Additional Field Trip Funds
Workshop/Professional Development
E-books
Ipads (5 for small group)
Technological Support (including Applications) for Ipad
EC Instructional Supplies
Parent Involvement: Supplies/Materials
Parent Involvement: Food
**All Title I Funds must be directly tied to and impact
student achievement.
Title I Funds, Continued
Description Cost Reasoning
2 Additional
Teaching
Positions
Salaries:
$60,860.00
The SLT understands the
importance of small class sizes for
both teachers and students. In
order to best facilitate
differentiated instruction,
building strong teacher-student
relationships and communication
among teachers and parents we
felt the addition of two teachers
was necessary.
Social Security:
$4,655.80
Retirement:
$8,660.38
Hospitalization:
$10,384.00
Total cost for
two teachers:
$84,560.18.
Title I Funds, Continued
Description Cost Reasoning
2 Additional
Teaching
Assistant
Positions

Salaries:
$45,900.00
The SLT understands the
importance of support for the
faculty at Hope Creek Elementary
School. In order to best support
our EC department and offer an
additional elective (computer) to
support student learning through
online enrichment and
remediation programs, we felt the
addition of two teacher assistants
was necessary.
Social Security:
$3,511.36
Retirement:
$6,531.58
Hospitalization:
$10,384.00
Total cost for
two teacher
assistants:
$66,326.94.
Title I Funds, Continued
Description Budgeted Reasoning
Additional
Field Trip
Funds
$5,000 The SLT understands the
importance of experience in
regards to student learning. We
felt as if the current field trip
funding was inadequate and have
allocated $5,000 of the Title I
funding to support school
sponsored field trips.
Title I Funds, Continued
Description Budgeted Reasoning
Workshop/
Professional
Development
Funds
$12,000 The SLT understands the
curriculum transition our
teachers are going through while
moving to the common core. All
workshops paid through this
funding will need to meet
required criteria and must be
directly related to improving
student achievement.
Title I Funds, Continued
Description Budgeted Reasoning
E-books $3,000 The SLT is aware of the
Technology Pilot being
implemented regarding the
Nooks. To best support this pilot,
new library books, including
Accelerated Reader books, will be
purchased electronically with a
school-wide license.
Title I Funds, Continued
Description
Budgeted
Reasoning
Ipads (5 for small
group)
$3,000 The SLT has elected to support the small group
instruction occurring in the EC and AIG departments
by purchasing a small group set of Ipads. These will
be used to differentiate and offer different
perspectives and ensure success for all students at
Hope Creek Elementary.
Technological
Support (including
Applications) for
Ipad
$1,000 The SLT understands the potential of the Ipad
initiative for small group use in the EC and AIG
departments. In order to ensure success with this
initiative we are choosing to allocate $1,000 for
maintenance, repair and application (software)
purchases.
EC Instructional
Supplies
$1,000 The SLT is aware of the unique services the EC
department renders to the entire school community
at Hope Creek Elementary School. Because of these
services the SLT has budgeted $500 a semester
($1,000 total) from the Title I fund to support the
department to be used for any instruction supplies
the department needs.
Title I Funds, Continued
Description Budgeted Reasoning
Parent
Involvement:
Supplies/
Materials
$600 The SLT believes in the importance of
strong parent-teacher-student
relationships. To support and facilitate
parent nights in each grade level we are
awarding $100 for each grade level to
use for supplies and materials.
Parent
Involvement:
Food
$1200 The SLT understands the importance of
fellowship over meals in our community.
To bring in the parents and community
$200 per grade level is currently
budgeted for parents nights. Additional
funds may be reallocated, if needed.
Title I Funds, Summary










*****Remaining/Unallocated Funds: $2312.88
Description Cost
2 Additional Teaching Positions $84,560.18.
2 Additional Teaching Assistant Positions $66,326.94.
Additional Field Trip Funds $5,000
Workshop/Professional Development $12,000
E-books $3,000
Ipads (5 for small group) $3,000
Technological Support (including Applications)
for Ipad
$1,000
EC Instructional Supplies $1,000
Parent Involvement: Supplies/Materials $600
Parent Involvement: Food $1200
TOTAL "SPENT" $177,687.12
Janitorial Supplies & Materials
Beginning Budget: $3,941.00

Fall (September-January): $1,200.00

Spring (February- May): $1,200.00

Summer (June-August): $1,500.00


Balance: $41.00


*Additional funds provided by PTO to support special events (open-house,
awards ceremony, teacher appreciation, etc.)


Field Trips
Imagination Station Museum/Science on Wheels--
Wilson, NC-Hands-on learning of science concepts
Rationale: School Improvement Goal 2- Improve student
instructional performance in science and improve 5th
grade science EOG scores.

Beginning Budget= $5,663.00
Each grade level - one museum visit=$3941.00
Each grade level-Science on Wheels Assembly Program=$775.00
Fourth and Fifth Grade levels -Science on Wheels Discovery Classes=$730.00
Science on Wheels Mileage =$147.00


Balance= $70.00
School Office Supplies
The budget at Hope Creek Elementary School allows
for $713.00 for office supplies during the school
year.

At the start of the school year, each teacher was asked
to provide a "wishlist" of office supplies that could
be used to service their classroom throughout the
school year.

The secretary is responsible for compiling the list and
ordering and maintaining the stock of the necessary
supplies.
School Office Supplies
The following office supplies are purchased
from this fund:
o pens/pencils
o manila file folders
o hanging file folders
o Post-It notes
o tape (masking and scotch)
o envelopes
o paper clips
o white out
o yellow clasp envelopes
Copier Services
Our school has a copy contract with Toshiba
Business Solutions of the Carolinas to rent 3
copiers under a 36 month contract.

Each copier will cost $129.00 per month and
this cost includes all maintenance charges
and operating supplies except paper, staples
and staple wire.

*contract accessed via NC E-Procurement

Copy Allocation per Teacher
Each copier has a 20,000 copy output.

Two copiers will be assigned for teacher use
28 teachers are each allocated 1000
copies per month (500 on each copier)

One copier will be for office and EC use.


Copier Costs
The total copier budget is $8445.00

The rental cost of 3 copiers is $4,644.00

Cost for 80 cartons of paper is $3759.20
(each carton contains 10 reams of paper)