ABCDE
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SOUTH PREP SCHOLARS ACADEMY Budget and Budget Narrative SY_2022_2023
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*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." See sample annual budget below.
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Projected FTE: 744.00
1000
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Revenues
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FunctionObjDescriptionTotal Governmental Funds SPSA Budget Narrative
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FEDERAL SOURCES
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3100 Federal direct
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3200 Federal through state and local$ 160,000CSP,ESSER,SSO
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STATE SOURCES
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3310 FEFP$ 534,691FEFP Revenue utilizing the revenue worksheet provided by
the FLDOE, 66 STUDENTS
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3397 Capital outlay$ 0Estimated based on latest state budget/prior year allocation
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3355 Class size reduction
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3361 School recognition
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33XX Other state revenue
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LOCAL SOURCES
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3430 Interest
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3413 Local capital improvement tax
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34XX Other local revenue$ 52,310 Fundraising Eddas Bunkcakes,Loan
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Total Revenue$ 747,001
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Expenditures
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Function 5100 ‐ Basic Instruction
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5100120Classroom Teacher Salaries$ 296,000See staffing plan
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5100130Other Certified Staff Member$ 0
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5100140Substitute Teachers$ 3,000See staffing plan
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5100150Paraprofessionals$ 0
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5100160Other Support Personnel$ 0
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5100210Retirement$ 0
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5100220FICA$ 22,6447.65% of gross salaries
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5100230Group Insurance$ 16,800Average x per full time employee( $350x4)
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5100240Worker's Compensation$ 1,160
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5100250Unemployment Compensation$ 440
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5100290Other Employee Benefits$ 0
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5100310Professional and Technical Services$ 0
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5100510Supplies$ 2,640Instructional supplies based on number of students (66 x$40)
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5100520Textbooks$ 26,000Noncapitalized textbooks (workbooks) based on number of students
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5100641Furniture, Fixtures‐Capitalized$ 0
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5100 Sub Total$ 368,684
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Function 5200 ‐ Exceptional Education
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5200130Other Certified Staff Member$ 0
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5200140Substitute Teachers$ 0
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5200150Paraprofessionals$ 0
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5200160Other Support Personnel$ 0
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5200210Retirement$ 0
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5200220FICA$ 0
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5200230Group Insurance$ 0
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5200240Worker's Compensation$ 0
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5200250Unemployment Compensation$ 0
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5200290Other Employee Benefits$ 0
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5200310Professional and Technical Services$ 0
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5200 Sub Total$ 0
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Function 6100 ‐ Pupil Services
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6100130Other Certified Staff Member$ 0
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6100140Substitute Teachers$ 0
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6100150Paraprofessionals$ 0
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6100160Other Support Personnel$ 0
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6100210Retirement$ 0
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6100220FICA$ 0
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6100230Group Insurance$ 0
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6100240Worker's Compensation$ 0
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6100250Unemployment Compensation$ 0
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6100290Other Employee Benefits$ 0
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6100 Sub Total$ 0
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Function 6200 ‐ Instructional Media Services
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6200120Classroom Teacher Salaries$0
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6200130Other Certified Staff Member$0
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6200140Substitute Teachers$0
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6200150Paraprofessionals$0
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6200160Other Support Personnel$0
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6200210Retirement$0
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6200220FICA$0
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6200230Group Insurance$0
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6200240Worker's Compensation$0
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6200250Unemployment Compensation$0
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6200290Other Employee Benefits$0
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6200 Sub Total$ 0
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Function 6300 ‐ Instructional/Curriculum Development
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6300510Supplies
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6300 Sub Total$ 0
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Function 6400 ‐ Instructional Staff Training
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6400330Travel$ 0
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6400 Sub Total$ 0
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Function 7100 ‐ Board
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7100310Professional and Technical Services$ 10,000Includes contracted audit fee, legal expenses
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7100 Sub Total$ 10,000
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Function 7200 ‐ General / District Administration
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7200730Dues and Fees$ 28,374District fee as listed in district revenue estimate worksheet
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7200 Sub Total$ 28,374
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Function 7300 ‐ School Administration
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7300110Administrator Salaries$ 70,000See staffing plan
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7300160Clerical Staff$ 0
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7300210Retirement$ 0
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7300220FICA$ 5,3557.65% of salaries
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7300230Group Insurance$ 0
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7300510Supplies$ 3,500Office supplies, based on number of administrators
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7300641Furniture, Fixtures‐Capitalized$ 0
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7300642Furniture, Fixtures (Non Capitalized)$ 0
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7300690Computer Software$ 0
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7300730Dues and Fees$ 850Fire, Occupational License fees,
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7300750Other Personnel Services$0
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7300790Miscellaneous Expenses$0
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7300 Sub Total$ 79,705
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Function 7400 ‐ Facilities Acquisition
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Function 7500 ‐ Fiscal Services
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7500310Professional and Technical Services$ 46,200 ESP Fee
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7500 Sub Total$ 46,200
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Function 7600 ‐ Food Services
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7600160Food Service Manager$ 0
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7600160Food Service Workers$ 0
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7600160Other Support Personnel$ 0
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7600210Retirement$ 0
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7600220FICA$ 0
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7600230Group Insurance$ 0
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7600240Worker's Compensation$ 0
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7600250Unemployment Compensation$ 0
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7600290Other Employee Benefits$ 0
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7600570Food$ 0
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7600641Furniture, Fixtures‐Capitalized$ 0
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7600 Sub Total$ 0
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Function 7900 ‐ Operation of Plant
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7900160Other Support Personnel$ 0
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7900210Retirement$ 0
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7900220FICA$ 0
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7900230Group Insurance$ 0
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7900240Worker's Compensation$ 0
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7900250Unemployment Compensation$ 0
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7900290Other Employee Benefits$ 0
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7900310Professional and Technical Services$ 57,000 contracted safe school officer
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7900320Insurance and Bond Premiums$ 13,769Property insurance, general liability, professional liability
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7900330Travel$0
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7900350Repairs and Maintenance$0 Included in rent
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7900360Rent$ 127,999Rent
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7900370Communications$ 3,600IT technician
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7900380Public Utilities$ 0Included in rent
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7900390Other Purchased Services$0
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7900430Utilities$ 1,560Based on prior year expenses(Phone & Internet)
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7900641Furniture, Fixtures‐Capitalized$ 0
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7900 Sub Total$ 203,928
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Function 8100 ‐ Maintenance of Plant
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8100350Repairs and Maintenance$ 0(Included in rent) A/C Repair, Pest Control, regular maintenance and cleaning
contract
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8100510Supplies$ 0(Included in rent) Janitorial supplies, based on prior year expenses
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8100680Remodeling/Renovations$ 0N/A
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8100 Sub Total$ 0
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Total Expenditures$ 736,891
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Excess of Revenues Over Expenditures$ 10,110
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Beginning Fund Balance (as of June 30, 2020)$ 102,554
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Net Change in Fund Balance$ 10,110
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Ending Fund Balance$ 112,664