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1	SOUTH PREP SCHOLARS ACADEMY Budget and Narrative SY_2023_2024
2	*Budget Instructions: In accordance with FL.1002.33(9)(g)(3) The statement of revenue, expenditures, and changes in fund balance shall be in the governmental funds format prescribed by the Governmental Accounting Standards Board.
3	Projected FTE: 744.00		79		School Code: 5836
4	Revenues
5	Function	Obj	Description	Total Governmental Funds
6			FEDERAL SOURCES
7		3100	Federal direct
8		3200	Federal through state and local	$ 127,883	CSP,SSO,ESSER
9			STATE SOURCES
10		3310	FEFP	$ 600,160	FEFP Revenue utilizing the revenue worksheet provided by the FLDOE
11		3397	Capital outlay	$ 39,105
12		3355	Class size reduction	$ 87,936
13		3361	School recognition
14		33XX	Other state revenue
15			LOCAL SOURCES
16		3430	Interest
17		3413	Local capital improvement tax
18		34XX	Other local revenue	$ 52,500	Based on commitment letter from donor( attach); Fundraising efforts in the amount of x etc.
19			Total Revenue	$ 907,584
20
21	Expenditures
22	Function 5100 ‐ Basic Instruction
23	5100	120	Classroom Teacher Salaries	$ 286,000	See staffing plan
24	5100	130	Other Certified Staff Member	$ 35,000	See staffing plan
25	5100	140	Substitute Teachers	$ 3,000	See staffing plan
26	5100	150	Paraprofessionals	$ 38,075	See staffing plan
27	5100	160	Other Support Personnel	$ 0
28	5100	210	Retirement	$ 0	Employer match of x per full time employee
29	5100	220	FICA	$ 21,195	7.65% of gross salaries
30	5100	230	Group Insurance	$ 11,040	Average x per full time employee
31	5100	240	Worker's Compensation	$ 1,574
32	5100	250	Unemployment Compensation	$ 2,646
33	5100	290	Other Employee Benefits	$ 0
34	5100	310	Professional and Technical Services	$ 0
35	5100	510	Supplies	$ 2,765	Instructional supplies based on number of student($35x79)
36	5100	520	Textbooks	$ 20,687
37	5100	641	Furniture, Fixtures‐Capitalized	$ 2,000
38			5100 Sub Total	$ 423,982
39	Function 5200 ‐ Exceptional Education
40	5200	130	Other Certified Staff Member	$ 0	See staffing plan
41	5200	140	Substitute Teachers	$ 0
42	5200	150	Paraprofessionals	$ 0
43	5200	160	Other Support Personnel	$ 0
44	5200	210	Retirement	$ 0	x percentage of salaries
45	5200	220	FICA	$ 0	7.65% of salaries
46	5200	230	Group Insurance	$ 0
47	5200	240	Worker's Compensation	$ 0
48	5200	250	Unemployment Compensation	$ 0
49	5200	290	Other Employee Benefits	$ 0
50	5200	310	Professional and Technical Services	$ 4,028	Includes contracted speech therapy services requirements
51			5200 Sub Total	$ 4,028
52	Function 6100 ‐ Pupil Services
53	6100	130	Other Certified Staff Member	$ 0	See staffing plan
54	6100	140	Substitute Teachers	$ 0
55	6100	150	Paraprofessionals	$ 0
56	6100	160	Other Support Personnel	$ 0
57	6100	210	Retirement	$ 0
58	6100	220	FICA	$ 0
59	6100	230	Group Insurance	$ 0
60	6100	240	Worker's Compensation	$ 0
61	6100	250	Unemployment Compensation	$ 0
62	6100	290	Other Employee Benefits	$ 0
63			6100 Sub Total	$ 0
64	Function 6200 ‐ Instructional Media Services
65	6200	120	Classroom Teacher Salaries	$0
66	6200	130	Other Certified Staff Member	$0
67	6200	140	Substitute Teachers	$0
68	6200	150	Paraprofessionals	$0
69	6200	160	Other Support Personnel	$0	See staffing plan
70	6200	210	Retirement	$0
71	6200	220	FICA	$0
72	6200	230	Group Insurance	$0
73	6200	240	Worker's Compensation	$0
74	6200	250	Unemployment Compensation	$0
75	6200	290	Other Employee Benefits	$0
76			6200 Sub Total	$ 0
77	Function 6300 ‐ Instructional/Curriculum Development
78	6300	510	Supplies	$ 500
79			6300 Sub Total	$ 500
80	Function 6400 ‐ Instructional Staff Training
81	6400	330	Travel	$ 1,000	Travel for state and national conferences for professional development
82			6400 Sub Total	$ 1,000
83	Function 7100 ‐ Board
84	7100	310	Professional and Technical Services	$ 10,000	Includes contracted audit fee, legal expenses
85			7100 Sub Total	$ 10,000
86	Function 7200 ‐ General / District Administration
87	7200	730	Dues and Fees	$ 32,990	District fee as listed in district revenue estimate worksheet
88			7200 Sub Total	$ 32,990
89	Function 7300 ‐ School Administration
90	7300	110	Administrator Salaries	$ 55,000	See staffing plan
91	7300	160	Clerical Staff	$ 30,000	See staffing plan
92	7300	210	Retirement	$ 0
93	7300	220	FICA	$ 6,503	7.65% of salaries
94	7300	230	Group Insurance	$ 5,520
95	7300	510	Supplies	$ 4,509	Office supplies, based on prior year expenses
96	7300	641	Furniture, Fixtures‐Capitalized	$ 0
97	7300	642	Furniture, Fixtures (Non Capitalized)	$ 0
98	7300	690	Computer Software	395
99	7300	730	Dues and Fees	$ 850	Fire,Occupational License fees.
100	7300	750	Other Personnel Services	0
101	7300	790	Miscellaneous Expenses	0
102			7300 Sub Total	$ 102,777
103	Function 7400 ‐ Facilities Acquisition
104	Function 7500 ‐ Fiscal Services
105	7500	310	Professional and Technical Services	$ 51,350	ESP Fee
106			7500 Sub Total	$ 51,350
107	Function 7600 ‐ Food Services
108	7600	160	Food Service Manager	$0
109	7600	160	Food Service Workers	$0
110	7600	160	Other Support Personnel	$0
111	7600	210	Retirement	$0
112	7600	220	FICA	$0
113	7600	230	Group Insurance	$0
114	7600	240	Worker's Compensation	$0
115	7600	250	Unemployment Compensation	$0
116	7600	290	Other Employee Benefits	$0
117	7600	570	Food	$ 0
118	7600	641	Furniture, Fixtures‐Capitalized	$ 0
119			7600 Sub Total	$ 0
120	Function 7900 ‐ Operation of Plant
121	7900	160	Other Support Personnel	$ 0
122	7900	210	Retirement	$ 0
123	7900	220	FICA	$ 0
124	7900	230	Group Insurance	$ 0
125	7900	240	Worker's Compensation	$ 0
126	7900	250	Unemployment Compensation	$ 0
127	7900	290	Other Employee Benefits	$ 0
128	7900	310	Professional and Technical Services	$ 53,000	Includes contracted safe school and traffic officers
129	7900	320	Insurance and Bond Premiums	$ 12,367	Property insurance, general liability, professional liability
130	7900	330	Travel	$0
131	7900	350	Repairs and Maintenance	0
132	7900	360	Rent	$ 158,000	Rent/Lease
133	7900	370	Communications
134	7900	380	Public Utilities	$ 0	(Included in the Lease)
135	7900	390	Other Purchased Services	0
136	7900	430	Utilities	$ 1,644	Based on prior year expenses (Comcast) contract
137	7900	641	Furniture, Fixtures‐Capitalized	$ 0
138			7900 Sub Total	$ 225,011
139	Function 8100 ‐ Maintenance of Plant
140	8100	350	Repairs and Maintenance	$ 0	A/C Repair, Pest Control, regular maintenance and cleaning (Included in the Lease) contract
141	8100	510	Supplies	$ 0	Janitorial supplies, based on prior year expenses (Included in the Lease) contract
142	8100	680	Remodeling/Renovations	$ 0
143			8100 Sub Total	$ 0
144
145			Total Expenditures	$ 851,637
146			Excess of Revenues Over Expenditures	$ 55,947
147
148			Beginning Fund Balance (as of June 30, 2023)	$ 106,456
149			Net Change in Fund Balance	$ 10,110
150			Ending Fund Balance	$ 116,566