Augusta County School Board

Transcription

1 Augusta County School Board Revised Budget Presented February 5, 2015 AUGUSTA COUNTY SCHOOLS P. O. Box 960 Verona, VA

2 School Board Revised Operating Budget Information

3 Table of Contents Introduction & Analysis...Section 1 Revenue Summary...Section 2 Expenditure Summary...Section 3 Expenditure Detail...Section 4

4 INTRODUCTION & ANALYSIS

5 Budget Revision Budget Revision is a process by which funds are reallocated or transferred between programs, cost centers, activities, accounts, positions within departments, or maintenance and operations categories, during the fiscal year due to under- or over-estimation of actual expenditures, realignment of priorities, or unexpected funding scenarios. The revised budget is a revision of the original budget approved by the School Board. The revision is prepared after actual fall enrollments and other estimated revenues and expenditures are known and is submitted to the Board for approval at the February Board meeting. The original Operating Budget was adopted on March 20, The budget incorporated an average 1.25% salary increase. The Revised Operations Budget reflects the need to make appropriate adjustments in revenue and expenditure line items. These adjustments are precipitated by changes in funding levels from the State, Federal, County, and Local sources and changes in program expenditures. In April 2014, the County of Augusta increased their appropriation from $37,151,582 to $38,545,582; a difference of $1,394,000. The additional funding was directed to salaries and related fringe benefit costs. Teachers were given a 3.969% average salary increase and support staff and administrators received a 3.4% salary increase. The original operations budget incorporated a projected average daily membership for funding of 10,260. Using the December 2014 actual enrollments and making allowances for dropouts as well as analyzing historical enrollment trends, the revised budget uses an average daily membership for state funding of 10,150 a reduction of 110 students. The reduction in ADM results in a significant reduction in State funding. In total, State revenues are projected to decline $521,772. Federal revenues were reduced in total by $255,888 with a significant portion of the reduction due to a decrease in Title I reimbursements, $169,119. The initial budget included Title I expenditures and corresponding revenues associated with the After School Program. That program had been funded with Title I funds previously at a limited number of schools. With the expansion of the program to all elementary schools the grant could not support the increased level of expenditures. The grant does not allow for the use of funds for the After School Program at only selected schools if the remainder of the schools are to be funded by other sources. Therefore, the grant related expenditures and reimbursable revenues were reduced to reflect not using grant funds for this program. Any unexpended portion of the grant rolls over for use in subsequent fiscal years. Salary and fringe benefit expenditures have been revised to reflect the average 3.969% salary increase for teachers and the 3.4% for administrators and staff. Temporary Contracted Services has increased $122,793 to provide speech services for special education students. Internet Line Leasing fees have been reduced $75,000 to more accurately reflect actual costs. Fuel has been reduced by $152,014 due to the recent decline in costs. Tuition support for the Shenandoah Valley Regional Program has been reduced by $304,493 by utilizing a credit with the program and Augusta County Schools is not utilizing 100% of the slots that were reserved. Further expenditure changes have been made to reflect actual general liability insurance costs, workers compensation costs, tuition payments to regional programs, and capital expenditures. The revised expenditure budget for the Classroom Instruction function will reflect changes in

6 line items associated with Music, Special Education, and Career and Technical programs. These changes are the result of the reallocation of funds from a general line item to specific school line items with minimal net changes in expenditure levels. The Revised Budget Summary report on the next page will summarize revenues and expenditures in major function codes; i.e. salaries, fringe benefits, materials, capital, etc. Revenue and Expenditure detail reports (Sections 2, 3, & 4) will reflect all line items for all cost centers and programs.

7 AUGUSTA COUNTY SCHOOL BOARD REVISED BUDGET SUMMARY State Funds Federal Funds Other Revenue Source REVENUES by SOURCE Actual FY14 Original Budget FY15 Revised Budget FY15 Variance from Rev. Budget % of Budget 51,295,903 54,038,879 53,517,107 (521,772) -1.0% 4,305,321 4,604,272 4,348,384 (255,888) -5.6% 1,290,611 1,728,684 1,764,265 35, % County of Augusta Appropriation TOTAL REVENUES TOTAL EXPENDITURES (see below) YEAR-END FUND BALANCE 36,158,049 37,151,582 38,545,282 1,393, % 93,049,884 97,523,417 98,175, , % 97,523,717 98,175, , % - EXPENDITURES by FUNCTION Area Function Description Actual FY14 Original Budget FY15 Revised Budget FY15 Variance from Rev. Budget % of Budget 1100 Classroom Instruction 60,096,992 63,705,785 64,242, , % 1210 Guidance Services 2,497,924 2,698,621 2,720,355 21, % 1220 Visiting Teacher Services 458, , ,796 30, % Instruction 1230 Homebound Instruction 55,795 38,528 38, % 1310 Instructional Support 1,545,295 1,635,385 1,688,832 53, % 1320 Media Services 1,805,221 1,892,016 1,924,825 32, % 1380 Technology Services 2,808,278 2,365,667 2,334,331 (31,336) -1.3% 1410 Office of the Principal 5,963,571 6,250,950 6,325,848 74, % TOTAL INSTRUCTION 75,231,571 79,070,638 79,789, , % 2110 Board Services 150, , ,702 12, % Administration 2120 Executive Administration Services 571, , ,923 11, % 2140 Personnel Services 275, , ,693 (8,771) -2.8% 2160 Fiscal Services 515, , ,924 21, % 2190 Data Processing 403, , ,075 6, % TOTAL ADMINISTRATION 1,916,254 2,019,738 2,063,317 43, % Attendance & Health Pupil Transportation Serv Health Services 890,779 1,046,986 1,062,356 15, % 2230 Psychological Services 375, , ,445 11, % 2240 Speech & Audiological Services 7,675 20,980 20, % TOTAL ATTENDANCE & HEALTH 1,274,416 1,479,065 1,505,781 26, % 3100 Transportation Management 351, , ,511 5, % 3200 Vehicle Operation Services 4,353,762 4,501,143 4,275,060 (226,083) -5.0% 3400 Vehicle Maintenance Services 1,086, , ,809 20, % TOTAL PUPIL TRANSPORTATION SERV. 5,791,541 5,732,588 5,532,380 (200,208) -3.5% 4100 Operations/Maintenance Management 330, , ,873 (852) -0.2% Operations & Maintenance 4200 Building Services 7,761,400 8,396,919 8,447,195 50, % 4300 Grounds Services 71,041 52,932 52, % 4400 Equipment Services 288, , ,242 22, % 4500 Vehicle Services 228, , ,139 (9,668) -4.8% TOTAL OPERATIONS & MAINTENANCE TOTAL EXPENDITURE BUDGET 8,679,983 9,221,688 9,284,381 62, % 92,893,764 97,523,717 $ 98,175, , %

8 Augusta County School Board Revised Budget Highlights Revenues Expenditures Balance Original Budget 97,523,417 97,523,417 - $ 98,175,338 $ 98,175,338 $ Revised Budget Variance % $ $ 651, % $ $ 651, % $ $ - The original operations budget was approved on March 20, At that time the Approved Budget provided for an average 1.25% salary increase. In April 2014, the County provided additional funding allowing for an average 3.969% salary increase for teachers and an average 3.4% salary increase for administrators and support staff. Revenues - State Funding Variables Original Budget Revised Budget Variance Average Daily 10,260 10,150 (110) VRS Employer Contribution Rate 14.50% 14.50% - Basic Aid (PPA) $ 5, $ 5, $ (1.00) Textbook (PPA) $ $ $ - Vocational Education (PPA) $ $ $ - Gifted Education (PPA) $ $ $ - Special Education (PPA) $ $ $ - Remediation (PPA) $ $ $ - VRS Retirement (PPA) $ $ $ (4.00) Social Security (PPA) $ $ $ - Group Life (PPA) $ $ $ (2.00) Remedial Summer School (PPA) $ $ $ Change in Original Budget Revised Budget Funding Notes SOQ Programs Basic Aid $ 29,356,501 $ 28,712,658 $ (643,843) Due to loss in ADM Sales Tax Receipts $ 10,900,000 $ 11,282,833 $ 382,833 Revised projection Textbooks $ 434,723 $ - $ (434,723) Moved to Lottery funded programs Vocational Education $ 1,238,469 $ 1,225,191 $ (13,278) Due to loss in ADM Special Education $ 966,933 $ 956,566 $ (10,367) Due to loss in ADM VRS Retirement (reimbursement) $ 3,331,283 $ 3,269,361 $ (61,922) Due to loss in ADM Social Security (reimbursement) $ 1,622,593 $ 1,605,197 $ (17,396) Due to loss in ADM Group Life $ 112,588 $ 98,277 $ (14,311) Due to loss in ADM Other SOQ Funding $ 1,099,390 $ 1,096,468 $ (2,922) Due to loss in ADM Incentive Programs Technology $ 570,000 $ 570,000 $ - Security Grant $ - $ 56,722 $ 56,722 Offset by Expenditures Categorical Programs Homebound $ 25,956 $ 24,719 $ (1,237) Lottery-Funded Programs Early Reading Intervention $ 169,875 $ 137,128 $ (32,747) Phonological Awareness Literacy Screening Foster Care $ 144,565 $ 105,207 $ (39,358) K-3 Primary Class Size Reduction $ 1,090,774 $ 1,062,831 $ (27,943) Textbooks $ 202,526 $ 630,417 $ 427,891 Moved from SOQ funded programs Special Ed. Regional Tuition Reimb $ 800,597 $ 710,332 $ (90,265) Career & Technical Education $ 305,528 $ 283,447 $ (22,081) English as a Second Language $ 123,193 $ 101,727 $ (21,466) Other Lottery-Funded Programs $ 1,417,751 $ 1,401,928 $ (15,823) Revenues - Other Change / Addition of Grants $ 125,634 $ 186,098 $ 60,464 Total State Funding $ 54,038,879 $ 53,517,107 $ (521,772) Inc. funding for Infant & Toddler grant; #2 Project Grad. Grants

9 Augusta County School Board Revised Budget Highlights Revenues - Federal Grants Infant & Toddler $ 77,040 $ 88,633 $ 11,593 Increased funding for Infant & Toddler grant Title I $ 1,499,575 $ 1,330,456 $ (169,119) Compensation reimb.; Instructional Materials Title II: Class Size Reduction $ 283,894 $ 240,059 $ (43,835) Preparing, Training, Recruiting Highly Qualified Title VI B - Special Education $ 2,340,834 $ 2,291,071 $ (49,763) Compensation reimb.; Instructional Materials Title VI B - Pre-School $ 62,653 $ 55,572 $ (7,081) Compensation reimb.; Instructional Materials Vocational Ed. Carl Perkins $ 148,500 $ 150,151 $ 1,651 Credentialing / reimbursement Other Grants / Funding $ 191,776 $ 192,442 $ 666 Total Federal Funding $ 4,604,272 $ 4,348,384 $ (255,888) Revenues - County Appropriation $ 37,151,582 $ 38,545,582 $ 1,394,000 Additional appropriation following budget adoption Revenues - Local Total Change in Local Revenues $ 1,728,684 $ 1,764,265 $ 35,581 Medicaid payments, VVTC flow-through Total Revenues $ 97,523,417 $ 98,175,338 $ 651,921 Expenditure Category Original Budget Revised Budget Change in Expenditures Salaries $ 56,746,117 $ 57,908,650 $ 1,162, % avg. salary inc.( budgeted 1.25%), actual staffing levels Substitute Teachers/Aides $ 739,400 $ 760,990 $ 21,590 Supplements $ 891,661 $ 881,436 $ (10,225) 1.25% increase budgeted - 0% actual Fringe Benefits - FICA $ 4,347,354 $ 4,430,239 $ 82, % salary increase Fringe Benefits - VRS $ 7,608,666 $ 7,787,656 $ 178, % salary increase Fringe Benefits - Health Insurance $ 7,854,047 $ 7,643,140 $ (210,907) 15.3% rate increase (budgeted 16%); non-participation Fringe Benefits - Group Life Ins. $ 707,157 $ 652,538 $ (54,619) 1.19% rate of salaries (budgeted 1.32%) VRS Disability Ins. $ 528 $ 7,749 $ 7,221 Benefit for new hybrid employees Unemployment Insurance $ 27,050 $ 13,500 $ (13,550) Based upon claims Workers Compensation $ 358,829 $ 397,101 $ 38,272 Based upon claims and increased salaries Retirees' Health Care Credit $ 600,519 $ 552,480 $ (48,039) 1.06% rate of salaries (budgeted 1.18%) Other Benefits $ 309,260 $ 315,263 $ 6,003 Payout of unused benefits Contracted / Professional Services $ 921,159 $ 847,189 $ (73,970) Recoding of After School Services to Insturction Salaries Temporary Contracted Services $ 18,000 $ 140,793 $ 122,793 Specail Education - contracted speech services Contracted / Maintenance Services $ 667,339 $ 730,487 $ 63,148 Security Grant expenditures Transportation by Contract/Private $ 15,000 $ 10,500 $ (4,500) Reimbursement to parents / private carriers Printing / Advertising $ 12,800 $ 11,328 $ (1,472) Laundry / Dry Cleaning $ 26,320 $ 26,320 $ - Contracted Services Other Entities $ 694,977 $ 688,687 $ (6,290) Internet Line Leasing $ 650,000 $ 575,000 $ (75,000) Based upon actual expenditure level of FY14 Miscellaneous $ 1,000 $ 1,653 $ 653 Utilities $ 3,854,466 $ 3,854,466 $ - Postage / Communications $ 143,100 $ 142,300 $ (800) Gen. Liab. / Property Insurance $ 364,142 $ 355,398 $ (8,744) Reduction in premiums Leases (Copiers & Internet) $ 518,335 $ 517,250 $ (1,085) Travel / Conferences / Dues $ 247,286 $ 271,002 $ 23,716 Reading, Math, RTI, C&T Conferences Office Supplies / Medical Supplies $ 36,650 $ 44,570 $ 7,920 Health Services Supplies, Spec. Ed. Summer Sch. Lndry.Hsekeep.Janitorial Supplies $ 215,783 $ 215,783 $ - Repair Maint. Supplies / Furnishings $ 423,276 $ 421,446 $ (1,830) Fuel $ 1,096,173 $ 944,159 $ (152,014) Reduction in fuel costs Vehicle Equip Supplies $ 351,136 $ 351,136 $ - Materials & Supplies $ 1,033,776 $ 992,998 $ (40,778) VPI supplies reduced to offset inc. program salaries Textbooks $ 225,825 $ 223,235 $ (2,590) Software $ 826,331 $ 751,487 $ (74,844) Elminate Welligent, reduction in IEP Online Technology Hardware $ 275,030 $ 283,815 $ 8,785 Technology Infrastructure $ 45,000 $ 45,000 $ - Non-Capitalized Equipment $ 64,626 $ 48,917 $ (15,709) C&T Equipment moved to C&T Conferences Regional Programs - SVRP $ 1,263,003 $ 958,510 $ (304,493) Less than 100% utilization of slots purchased Regional Programs - VVTC Tuition $ 2,229,616 $ 2,230,009 $ 393 Regional Programs - VVTC Local Colle $ 441,221 $ 443,257 $ 2,036 Regional Programs - VVTC State/Fed $ 210,880 $ 190,580 $ (20,300) Reduction in State funds Regional Programs - VVTC Perkins Flo $ 17,400 $ 15,528 $ (1,872) Regional Programs - Gov. School $ 443,179 $ 476,793 $ 33, % avg. salary inc.[1.25% budgeted] Capital Outlay - Replacement $ - $ 15,000 $ 15,000 Clymore Elementary Total Expenditures $ 97,523,417 $ 98,175,338 $ 651,921 Notes

10 Augusta County School Board Projected FY 2015 State Payments, Based on the Governor's Introduced Amendments to the Biennial Budget Standards of Quality (SOQ), Incentive, Categorical, and Lottery-Funded Programs in Direct Aid to Public Education As of January 5, 2015 ACPS ACSB Variance from NUM DIVISION Approved Revised ACSB Approved FY 2015 FY 2015 Budget 008 AUGUSTA 10, , (110.00) Composite Index Composite Index Composite Index FY 2015 FY 2015 FY 2015 State Share State Share State Share I. SOQ Programs: Basic Aid 29,356,501 28,712,658 (643,843) Sales Tax 4 10,900,000 11,282, ,833 Textbooks 5 (Split funded - See Lottery section below) 434,723 Funded in Lottery (434,723) Vocational Education 1,238,469 1,225,191 (13,278) Gifted Education 311, ,936 (3,337) Special Education 966, ,566 (10,367) Prevention, Intervention & Remediation 788, ,667 (8,450) VRS Retirement (Includes RHCC) 6 3,331,283 3,269,361 (61,922) Social Security 1,622,593 1,605,197 (17,396) Group Life 112,588 98,277 (14,311) Remedial Summer School - 8,865 8,865 Subtotal - SOQ Accounts 3 49,062,480 48,246,551 (815,929) II. Incentive Programs: Compensation Supplement Academic Year Governor's School 9 N/A N/A - Add'l Assistance w/ Retirement, Inflation, & Pre-School Technology - VPSA , ,000 - Security Grant - 56,722 56,722 Subtotal - Incentive Accounts 3 570, ,722 56,722 III. Categorical Programs: School Lunch 7 N/A N/A - Special Education - Homebound 7 25,956 24,719 (1,237) Special Education - Jails Subtotal - Categorical Accounts 3 25,956 24,719 (1,237)

11 Augusta County School Board Projected FY 2015 State Payments, Based on the Governor's Introduced Amendments to the Biennial Budget Standards of Quality (SOQ), Incentive, Categorical, and Lottery-Funded Programs in Direct Aid to Public Education As of January 5, 2015 ACPS ACSB Variance from NUM DIVISION Approved Revised ACSB Approved FY 2015 FY 2015 Budget 008 AUGUSTA 10, , (110.00) IV. Lottery Funded Programs Composite Index Composite Index Composite Index FY 2015 FY 2015 FY 2015 State Share State Share State Share At-Risk 593, ,079 (6,596) Early Reading Intervention 169, ,128 (32,747) Foster Care 7 144, ,207 (39,358) K-3 Primary Class Size Reduction 1,090,774 1,062,831 (27,943) School Breakfast 7 N/A N/A - SOL Algebra Readiness 107, ,858 (4,197) Virginia Preschool Initiative , ,299 - Mentor Teacher Program 8,585 5,873 (2,712) ISAEP 15,717 15,717 - Special Education-Regional Tuition 7, 8 800, ,332 (90,265) Career and Technical Education 7, 8 305, ,447 (22,081) Remedial Summer School 5 61,420 59,102 (2,318) English as a Second Language , ,727 (21,466) Textbooks 5 (Split funded - See SOQ Programs above) V. Other State Funds 202, , ,891 Subtotal - Lottery Funded Programs 3 4,254,809 4,433, ,208 National Board Certification 5,000 5,000 - Infant & Toddler Connection of the Valley Grant 120, ,629 16,995 Project Graduation Grant - 29,082 29,082 Project Graduation Grant Summer - 14,387 14,387 Subtotal - Other State Funds 125, ,098 60,464 Total State Funds 54,038,879 53,517,107 (521,772)

12 Budget Variables Used in Direct Aid Budget Calculations Based on the Governor's Introduced Amendments to the Biennial Budget (HB 1400/SP 800) BUDGET VARIABLES: Division Number: Division Name: 008 AUGUSTA ACPS Approved FY 2015 ACSB Revised FY 2015 Variance Unadjusted ADM - Local Projection 10, , (110.00) Adjusted ADM - Local Projection 10, , (110.00) Composite Index Standards of Quality Programs Per Pupil Amount Per Pupil Amount Pupil Amount Basic Aid (PPA) $5, $5, ($1.00) Textbook (PPA) $96.22 $ Vocational Education (PPA) $ $ Gifted Education (PPA) $47.00 $ Special Education (PPA) $ $ Prevention, Intervention, and Remediation (PPA) $ $ VRS Retirement (PPA) $ $ (4.00) Social Security (PPA) $ $ Group Life (PPA) $17.00 $15.00 (2.00) Remedial Summer School (PPA) $ $ Total funding per program = ADM x PPA x (1-Composite Index) FUNDED FRINGE BENEFIT RATES: Instructional / Professional Support VRS Retirement (Employer Share) (Does not include RHCC - see below) ACPS Approved FY 2015 ACSB Revised FY 2015 Variance 14.50% 14.50% 0.00% Instructional / Professional Support VRS Retirement (Employee Share) 5.00% 5.00% 0.00% Total Instructional / Professional Support VRS Retirement Rate 19.50% 19.50% 0.00% Retiree Health Care Credit (RHCC) (Paid as part of the VRS per pupil amount) 1.18% 1.06% -0.12% Total VRS Rate (Employer & Employee Share) 20.68% 20.56% -0.12% Recap - Total Employer Share (VRS + RHCC) 15.68% 15.56% -0.12% Recap - Total Employee Share (VRS) 5.00% 5.00% - Non-professional Support VRS Retirement (Employer Share) 8.57% 8.57% 0.00% Non-professional Support VRS Retirement (Employee Share) 5.00% 5.00% 0.00% Total VRS Rate (2015 Rates are Estimates) 13.57% 13.57% 0.00% Group Life (Employer Share) - Professional 0.53% 0.48% -0.05% Group Life (Employee Share) - Professional 0.79% 0.71% -0.08% Total Group Life Rate 1.32% 1.19% -0.13%

13 Program Expense Budget Comparisons Regular Instructional Program (does not include contracted full-time personnel costs) Function/Program Expense Code Department Approved Expense Budget Revised Expense Budget Variance % Chg Notes Instruction - Regular 499, ,070 (96,853) -19.4% Transfer funds to Digital Transformation Instruction Instructional School Allocations - Consumables 228, ,576 (2,428) -1.1% Based upon enrollments Instructional School Allocations - Equipment 66,801 66,250 (551) -0.8% Based upon enrollments TOTAL 794, ,896 (99,832) -12.6% Function/Program Expense Code Department Program Expense Budget Comparisons Specialized Instructional Budgets (does not include contracted full-time personnel costs unless otherwise stated) Approved Expense Budget Revised Expense Budget Variance % Chg Notes Music Instruction 104,694 80,436 (24,258) -23.2% Transfer to Choral Instruction Art Instruction 22,524 22, % Choral Instruction - 24,258 24,258 N/A Transfer from Music Instruction Digitial Transformation Instruction - 104, ,353 N/A New account - separte costs from Regular Instruction Response to Intervention (Includes supplements) 130, , % Individual Student Alternative Education Plan 8,800 8, % Alternative Education 120, ,112 (308) -0.3% Stipends adjusted SOL Remediation 88,639 88, % PALS (Early Reading Initiative) (Includes Personnel Costs) 169, ,128 (32,747) -19.3% Reduction in State funding Remedial Education 63,970 53,970 (10,000) -15.6% Transfer funds to Digital Transformation Instruction English as a Second Language 10,600 10, % After School Remediation (Includes Personnel Costs) 442, , % Virginia Alcohol Safety Action Program (VASAP) 10,000 7,000 (3,000) -30.0% Revised estimate of expenses based upon utilization Science Instruction 79,419 79, % Career and Technical Instruction 430, ,610 2, % Increase in State credentialing & equipment reimbursement Gifted and Talented Instruction (Includes Supplements) 97,050 62,290 (34,760) -35.8% Transfer funds to Summer Enrichment Summer Enrichment - 34,760 34,760 N/A New account - separte costs from G&T Summer School 82,253 75,361 (6,892) -8.4% Based upon actual expenses from Regional Summer School (High) (Includes Personnel Costs) 12,918 4,844 (8,074) -62.5% Based upon actual expenses from Textbooks 105, , % Guidance Services 15,175 15, % Media / Library Services (excludes per pupil allocations) 35,400 35, % Media / School Allocations 114, ,075 (1,100) -1.0% Technology Program 1,003, ,100 (74,900) -7.5% Revised Internet connection fees based on actual exp. TOTAL 3,147,423 3,117,638 (29,785) -0.9%

14 Function/Program Expense Code Department Program Expense Budget Comparisons Pupil Services Budgets (does not include contracted full-time personnel costs unless otherwise stated) Approved Expense Budget Revised Expense Budget 1100/ Virginia Pre-School Initiative (Includes Personnel Costs) 631, , % Variance % Chg Notes 1100/ Special Education Instruction 241, ,445 83, % Contracted Speech services Section 504 Compliance 5,810 5,767 (43) -0.7% Stipends adjusted 1100/ Medicaid 19,750 19, % 1220 Social Workers / Visiting Teachers Services (excludes VPI) 3,722 3, % 1230 Homebound Teachers 38,528 38, % 2220 Health Services 17,300 9,900 (7,400) -42.8% Eliminate Welligent software, reduction in printing 2230 Psychological Services 6,100 10,000 3, % Online assessments 2240 Speech - Audiology Services 18,789 18, % TOTAL 982,868 1,063,200 80, % Revised Program Expense Budget Comparisons Grants Expenditure Budgets (includes part-time & contracted full-time personnel costs) Function/Program Expense Code Department Approved Expense Budget Revised Expense Budget Variance % Chg Notes Title III - Language Inst. for Limited English Proficient Students 25,109 25, % 1100/ Title I - School Improvement (includes personnel costs) 1,498,518 1,337,744 (160,774) -10.7% After school programs now funded by non-grant funds Title VI-B - Special Education: Flow Through Funds 1100/1220/ (includes personnel costs) Infant & Toddler Connection of Augusta/Highland Grant 1100/ (State/Federal Grant includes personnel) 2,481,143 2,483,456 2, % 394, ,332 46, % Additional funding Title VI-B Pre-School Grant (includes personnel costs) 66,958 59,055 (7,903) -11.8% Based upon staffing costs TOTAL 4,466,248 4,346,696 (119,552) -2.7%

15 Other Departments / Programs / Schedules Expense Budget Comparisons (does not include contracted full-time personnel costs unless otherwise stated) Function/Program Expense Code Department Approved Expense Budget Revised Expense Budget Genesis 173, , % Shenandoah Valley Regional Program 1,714,680 1,410,187 (304,493) -17.8% Valley Vo-Technical Center (Tuition only - no State/Fed Flow-Through funds) 2,229,616 2,230, % Variance % Chg Notes Central Shenandoah Valley Governor's School 443, ,793 33, % 3.969% avg. salary inc.[1.25% budgeted] 1310 Instructional Support (Non-Personnel Costs; excludes Title I & Spec. Ed.) 27,775 28,775 1, % Transfer from Regular Instruction 1410 Office of the Principal (Non-Personnel) 501, ,382 4, % Ident-A-Kid software 2110 Board Services (Non-Personnel) 122, ,320 12, % Online benefit enrollment / ACA compliance 2120 Executive Administration (Non-Personnel) 62,494 62, % 2140 Personnel Services (Non-Salary/Fringe) 62,883 48,484 (14,399) -22.9% Online application software / backgound checks 2160 Fiscal Services (Non-Personnel) 22,037 22, % 2190 Student Information Systems (Non-Personnel) 122, , % 3100 Transportation Management (Non-Personnel) 26,089 25,589 (500) -1.9% 3200 Vehicle Operation Services (Non Contracted-Personnel, Does Not Include Fuel cost savings, add'l cost for apprenticeship program & 1,548,760 1,404,861 (143,899) -9.3% Bus Driver Payments Associated with Grant Programs & Summer Sch) background checks 3400 Vehicle Maintenance Services (Non-Personnel) 370, ,462 9, % Other employee benefits - payout of unused vacation 4100 Maintenance Management (Non-Personnel) 182, ,162 (3,837) -2.1% Insurance premiums less than budget 4200 Building Services (Non-Contracted Personnel) 5,032,361 5,066,640 34, % Security grant related expenses 4300 Grounds Services 52,932 52, % 4400 Equipment Services (Non-Personnel) 73,250 93,250 20, % Repairs to kitchen equipment 4500 Vehicle Services 201, ,139 (9,668) -4.8% Adjusted for fuel and insurance expenses 2600 Unemployment Insurance 27,050 13,500 (13,550) -50.1% Adjusted based upon actual expenses Workers Compensation 358, ,101 38, % Premiums more than budget / Substitute Teachers / Aides 738, ,990 22, % Adjusted based upon YTD expenses / projections 1100/ /1627 Supplements - Instructional & Athletic 891, ,436 (10,225) -1.1% Budgeted 1.25% increase - no actual increase Athletics (excludes coaching supplements) 24,059 24, % VHSL Membership increase TOTAL 15,011,084 14,687,076

16 REVENUE SUMMARY

17 Exclude PROGRAM: 230 Include FUND: 41 01/23/2015 2:52 PM AUGUSTA COUNTY PUBLIC SCHOOLS Page 1 BPFDRC Budget Report REVENUE SOURCE BUDGET - CURRENT YEAR FUND: 41 SCHOOL OPERATING FUND ACTUAL/14 APPROVED/15 REVISED/15 % REVENUE Amount Amount Amount Inc/Dec CHG (1) (2) (3) (4) (5) (6) (7) FUND 41 SCHOOL OPERATING FUND SOURCE 2 State Funds Sales Tax Receipts 10,631,109 10,900,000 11,282, , Funding Loss Cap Basic Aid Entitlement 27,173,487 29,356,501 28,712,658 (643,843) GED / ISAEP Funding 15,717 15,717 15, Remedial Summer School 0 61,420 67,967 6, Regular Foster Children 81,152 66,780 48,599 (18,181) Adult Sec. Pmts (GAE) Reimb Education of the Gifted 302, , ,936 (3,337) Natl Bd Certified Tchr Bonus Remedial Education 618, , ,667 (8,450) Enrollment Loss Student Achievement Grant Compensation Supplement 619, Special Education SOQ 1,072, , ,566 (10,367) LCI Transition/Hold Harmless Textbook Payments 590, , ,417 (6,832) SOL Teacher Training Vocational Education SOQ 1,342,310 1,238,469 1,225,191 (13,278) Vocational Adult 3,557 4,018 3,557 (461) Truancy/Safe Schools Social Security Instructional 1,598,928 1,622,593 1,605,197 (17,396) Social Security Non-Instruct Teacher Retirement - Instr 2,664,880 3,331,283 3,269,361 (61,922) Teacher Retirement - Non-Inst Group Life Ins - Instructional Early Reading Intervention 167, , ,128 (32,747) Support for Sch. Const. & Oper Asst. w/ Retirement, Inflation Group Life Insurance-Inst. 98, ,588 98,277 (14,311) EpiPen Grant Student Achievemet Grant Homebound 24,783 25,956 24,719 (1,237) School Health Services Incentv Sp. Ed. Tuition Regional Prog 601, , ,332 (90,265) Vocational Equipment - ACSB 21,394 20,779 21, Voc. Occupational Prep ACSB 67,916 69,851 67,916 (1,935) Group Life - Non-Instructional SOL Teaching Materials Salary Supplement Special Education Foster Child 59,029 77,785 56,608 (21,177) Electronic Classroom 1, Voc. Ed. Adult Regional 96, ,920 96,112 (21,808) School/Community Health At Risk 460, , ,079 (6,596) Maintenance Supplement Additional Teachers Vocational Equip - Reg VVTC 7,952 8,106 7,951 (155) National Board Certification 5,000 5,000 5, SOL Remediation Primary Class Size 866,091 1,090,774 1,062,831 (27,943) Technology 570, , , Security Grant ,722 56, SOL Algebra Readiness Technology Resource Assistants At-Risk Four-Year Olds 569, , , Voc. Ed. Occup. Prep Regional 86,517 84,854 86,517 1, Asst. w/ Retirement, Inflation 452, Mentor Teacher Program Mentor Teacher Program 8,405 8,585 5,873 (2,712) Jails-Special Education Race to GED Add'l Asst. Retirement, Infl, 33, English as a Second Language 113, , ,727 (21,466) Race 2 GED Industry Certification 6, VA Workforce Readiness 4, Math & Science Recruit. 1, Composite Index Hold Harmless

18 Exclude PROGRAM: 230 Include FUND: 41 01/23/2015 2:52 PM AUGUSTA COUNTY PUBLIC SCHOOLS Page 2 BPFDRC Budget Report REVENUE SOURCE BUDGET - CURRENT YEAR FUND: 41 SCHOOL OPERATING FUND ACTUAL/14 APPROVED/15 REVISED/15 % REVENUE Amount Amount Amount Inc/Dec CHG (1) (2) (3) (4) (5) (6) (7) FUND 41 SCHOOL OPERATING FUND SOURCE 2 State Funds Hold Harmless Sales Tax SOL Algebra Readiness 95, , ,858 (4,197) Technology Resource Assistance Project Graduation ,082 29, Project Graduation Summer Gran ,387 14, Infant & Toddler Conn Valley 120, , ,629 16, Support for School Operating Career Switcher Mentoring Prog SOL Remediation-Project Grad. 26, Project Graduation - Summer 13, Compensation Supplements Student Achievement Grants TOTAL 51,295,903 54,038,879 53,517,107 (521,772) -1.0 SOURCE 3 Federal Funds Adult Literacy - Federal Title I Regional Spec. Ed. Prep. Grant Title V, Libraries Title II-A, Class Size Reduct st Century Grant Federal Land Use (Forrest Res) 163, , , Federal Land Use Infant/Toddler Conn Augusta-Hi 77,033 77,040 88,633 11, Special Ed,Title VI-B,FT Special Ed,TITLE VI-B, PS Vocational Education Federal Title II Drug Free Schools Title III-Limited English Prof 19,846 25,109 25, Adult Literacy-Federal (ABE) Title I 1,225,313 1,499,575 1,330,456 (169,119) Title VI-B, FT - Special Ed. 2,332,682 2,340,834 2,291,071 (49,763) Vocational Ed.-Federal-Perkins 135, , ,151 1, ARRA Education Jobs Bill Community Service Program Title VI-B, Pre-S, Special Ed. 45,508 62,653 55,572 (7,081) Drug Free Schools Response to Intervention Grant Title II-Part B Title V-Libraries Title II-Part D: Enh Edu Tec Advanced Placement 1, Title II-Part A:Class Size Red Calculator Grant Title II-Part A: Class Size Re 272, , ,059 (43,835) Longitudinal Data System Grant 32, Emergency Aid Impact VA Partnership Grant School To Work Other Federal Funds ARRA Title II D Ed. Technology ARRA Title I ARRA IDEA Flow-Through ARRA IDEA Pre-School ARRA St Fiscal Stabilization ARRA ITCV TOTAL 4,305,321 4,604,272 4,348,384 (255,888) -5.6 SOURCE 4 County Appropriations From Insurance Trust Fund County Appropriation-Operation 36,158,049 37,151,582 38,545,582 1,394, Cnty Approp - Debt Service TOTAL 36,158,049 37,151,582 38,545,582 1,394,

19 Exclude PROGRAM: 230 Include FUND: 41 01/23/2015 2:52 PM AUGUSTA COUNTY PUBLIC SCHOOLS Page 3 BPFDRC Budget Report REVENUE SOURCE BUDGET - CURRENT YEAR FUND: 41 SCHOOL OPERATING FUND ACTUAL/14 APPROVED/15 REVISED/15 % REVENUE Amount Amount Amount Inc/Dec CHG (1) (2) (3) (4) (5) (6) (7) FUND 41 SCHOOL OPERATING FUND SOURCE 5 Other Local Funds Interest Rents 30,180 31,600 30,180 (1,420) Tuition - Day School 52,280 32,725 64,462 31, Special Fees from Pupils 6,915 20,000 12,050 (7,950) Sale of Textbooks 2,460 3,200 2,500 (700) Transportation of Pupils Tuition - Adult 276, , ,209 (9,220) Tuition - Summer School 4,550 12,000 5,250 (6,750) Rebates/Refunds-Other 45,656 68,307 58,986 (9,321) Donations and Special Gifts Sale of Supplies 150, , ,151 (14,678) Sale of School Buses 1, Sale of Other Equipment 6,935 10,600 6,935 (3,665) Insurance Adjustments 19,923 30,000 14,500 (15,500) Other Funds (160) Lease Educational Broadband Sp Tuition - Other County or City e-rate 251, , , Other Pymts f/ Other Programs 120, , ,975 19, School-Based Medical Reimburse 3,712 7,500 1,000 (6,500) Benefits-Other State Agencies 316, , ,717 60, TOTAL 1,290,611 1,728,684 1,764,265 35, SCHOOL OPERATING FUND TOTAL 93,049,884 97,523,417 98,175, , TOTAL 93,049,884 97,523,417 98,175, ,

20 EXPENDITURE SUMMARY

21 EXPENDITURE ACCOUNT CODES & DESCRIPTIONS Example of account code structure for: School Board Operations, Instruction, Salary, Elementary, Regular Program, Economic Stimulus Project Fund Function Object Cost Center Program Project FUNCTIO N CODE DESCRIPTION OBJECT CODE DESCRIPTION COST CENTER DESCRIPTION PROGRAM CODE DESCRIPTION 1100 Instruction 1121 Salary - Instructional 000 Undefined 000 Undefined 1210 Guidance 1122 Salary - Librarians 100 Elementary School - General 100 Regular Programs 1220 Social Worker 1123 Salary - Counselors 101 BMES 101 Music 1230 Homebound 1124 Salary - Supervisors 102 CASL 102 Art 1310 Improvement of Instruction 1127 Salary - Assistant Principals 103 CHVL 103 Chorus 1320 Media Services 1128 Salary - Vocational Extended Contracts 104 CLYM 110 Digital Transformation Initiative 1380 Technology 1130 Salary - Other Professional 105 CGVL 111 RTI / PEAK Office of the Principal 1131 Salary - School Nurses 106 LADD 112 Individual Student Alternative Education Plan 2110 School Board Services 1134 Salary - Visiting Teachers 107 NRES 113 Genesis Program 2120 Executive Administrative Services 1140 Salary - Technical 108 RES 114 Alternative Education 2140 Personnel Services 1150 Salary - Office Clerical 109 SDES 115 SOL Remediation 2160 Fiscal Services 1151 Salary - Instruction Aides 110 STUMP 116 Testing Coordination 2190 Data Processing 1160 Salary - Trades 111 VES 117 VAAP-VGLA Test Scoring 2210 Attendance Services 1165 Salary - Mechanics 112 WES 118 Project Graduation - Summer 2220 Health Services 1170 Salary - Bus Drivers 200 Middle School - General 119 Title III Grant 2230 Psychological Services 1171 Salary - Bus Drivers Substitutes 201 BMMS 120 Tuition Assistance 2240 Speech/Audiology Services 1173 Salary - Bus Drivers Activities 202 SMS 121 PALS Reading Intervention Initiative 3100 Transportation Management 1191 Salary - Custodians 203 SDMS 122 Remedial 3200 Vehicle Operation Services 1465 Mechanics - Part-Time 204 WMS 123 ESL 3400 Vehicle Maintenance Services 1520 Salary - Substitute Teachers 300 High School - General 124 After School Remediation 4100 Operations/Maintenance Mgt 1551 Salary - Substitute Aides 301 BGHS 125 Technology 4200 Maintenance - Building Service 1621 Supplement 302 FDHS 127 e-rate 4300 Grounds Service 1627 Asst. Principal Supplement 303 RHS 147 VASAP 4400 Equipment Service 1628 Athletic Asst. Principal Supplement 304 SDHS 150 Science 4500 Vehicle Service 1650 National Board Certification Teacher Supplement 305 WMHS 181 Title I 4600 Security Service 1660 Employee Bonuses 500 Garage 182 Title I - After School Remediation 2100 FICA 600 Maintenance 184 Title I - Special Project 2210 Virginia Retirement System 900 In-direct/District Wide/ACSB 185 Title I - State Academic Achievement Gt 2220 Virginia Retirement System - Hybrid Plan 910 Augusta Pre-School Initiative 199 School Board Allocation 2300 Hospitalization 200 Special Programs 2400 Group Life Insurance 230 Emotionally Disturbed or SVRP 2500 Virginia Retirement System Disability Plan 1 & Secondary Transition Grant 2510 Virginia Retirement System Disability Hybrid 246 Title VI - B, Flow-Through 2600 Unemployment Insurance 250 Students w/ Disabilitites Instruct. Prog. Grant 2700 Workers Compensation 254 Section Retirees' Health Care Credit 260 Medicaid 2800 Other Benefits 280 Homeless 3100 Professional Services 285 Jail Instruction 3101 Contracted Services - Assistive Technology 300 Vocational Programs 3102 Contracted Services - Evaluations / Testing Services 310 Agriculture 3103 Contracted Services - Occupational Therapy 320 Tech-Prep FUND DESCRIPTION 3104 Contracted Services - Physical Therapy 330 Health Occupations 3105 Contracted Services - Speech & Language 340 Family & Consumer Sciences 3106 Contracted Services - Vision 345 Voc. Ed. 41 School Board Operations Fund 3109 Contracted Services - Administrative Fees/Health Serv. 350 Occupational Training 43 School Food Service Fund 3110 Health Services 360 Business Education 44 School Capital Improvement Fund 3140 Contracted Services - Student Information System Training 365 Business Technology 46 21st Century Community Service 3200 Purchase Services, Speech - Instructional 370 Technology 47 Head Start Fund 3300 Maintenance Services 380 Trade & Industrial Education 48 Governors School Fund 3391 Contracted Custodial 390 World of Choice 90 Shenandoah Valley Regional Prog Transportation - Private 391 C&T - State Funded Equipment/Software 93 Valley Vocational-Technical Ctr Transportation by Contract 395 C&T - Carl Perkins Funded Equipment 3500 Printing & Binding 399 C&T - Industry Certification 3600 Advertising 400 Gifted/Talented 3700 Laundry & Dry Cleaning 500 Other Programs 3800 Purchase of Service From Other Government Agencies 510 Curricular 3810 Tuition - Other Divisions In-State 520 Athletics 3830 Tuition - Private School 530 Saturday School 4500 Internal Services 600 Summer School 5000 Other Charges / Miscellaneous 601 9th Grade Transition 5002 Head Start Mileage 611 Summer School Driver Education 5003 Head Start Insurance 630 Regional Summer School 5004 Parental Involvement 800 Non-Regular Day School Program 5005 Meals / Snacks 814/816 Head Start Grant 5101 Electrical Services 815/817 Head Start TTA 5102 Heating Services 819 Head Start Playground 5103 Water & Sewer Services 840 Infant & Toddler Connection of Valley 5201 Postal Services 845 Title VI - B, Preschool Grant 5202 Delivery Services 5203 Telecommunications PROJECT 5300 Insurance CODE DESCRIPTION 5400 Leases & Rentals 000 Undefined 5501 Travel - Mileage 700 ARRA - Economic Stimulus Funded 5504 Conference/Education/In-service 5801 Dues & Association Membership 5804 Community Services 5805 Parental Involvement 6001 Office Supplies 6002 Food & Food Services Supplies 6004 Medical/Med. Lab Supplies 6005 Laundry, Housekeeping, Janitorial Supplies 6007 Repair & Maintenance Supplies 6008 Fuel 6009 Vehicle & Power Equipment Supplies 6012 Books & Subscriptions 6013 Educational Supplies 6014 Data Processing Supplies 6016 Parental Involvement - Title I 6017 Educational Supplies - Title I Outreach 6040 Technology Software / On-Line Content 6050 Non-Capitalized Technology Hardware 6060 Non-Capitalized Technology Infrastructure 6070 Non-Capitalized Equipment & Furnishings (Not Technology Related) 7100 SVRP 7201 VVTC Regional Tuition 7202 VVTC Flow Through Funds 7203 VVTC State Flow Through Funds 7204 VVTC Flow Through Funds (Carl Perkins) 7300 Governor's School

22 01/23/2015 AUGUSTA COUNTY PUBLIC SCHOOLS Page 1 BPfull EXPENDITURE BUDGET REVISED BUDGET FY14 FY15 FY15 FY15 FY15 Inc % ACCOUNT OBJECT ACTUAL APPROVED FTE REVISED FTE (Dec) change (1) (2) (3) (4) (5) (6) (7) (10) (11) FUND 41 SCHOOL OPERATING FUND FUNCTION 1100 CLASSROOM INSTRUCTION TEACHERS 13,170,041 13,056, ,327, , TEACHERS TEACHERS 90,572 91, , (8,366) TEACHERS 174, , , , TEACHERS 744, , , , TEACHERS 1,274,307 1,249, ,298, , TEACHERS 677, , , , TEACHERS 6,324,790 6,322, ,543, , TEACHERS 47,895 48, , (8,028) TEACHERS 91,857 93, , , TEACHERS 427, , , , TEACHERS 272, , , (39,881) TEACHERS 663, , , , TEACHERS 8,465,077 8,520, ,679, , TEACHERS 39,903 40, , TEACHERS 87,690 88, , , TEACHERS 791, , , (2,890) TEACHERS 419, , , , TEACHERS 1,799,786 1,771, ,802, , TEACHERS 107, , , TEACHERS 0 11, (11,750) TEACHERS 0 66, , (3,420) TEACHERS 5,202 12, , (7,500) TEACHERS 401, , , , TEACHERS , , TEACHERS 193, , , , VOC EXTENDED CONTRAC 68,921 70, , , VOC EXTENDED CONTRAC 163, , , , OTHER PROFESSIONALS 129, , , , INSTRUCTIONAL AIDES 357, , , , INSTRUCTIONAL AIDES 105, , , (30,420) INSTRUCTIONAL AIDES 492, , (510,931) INSTRUCTIONAL AIDES 16,484 48, , (4,270) INSTRUCTIONAL AIDES 399, , , , INSTRUCTIONAL AIDES , , INSTRUCTIONAL AIDES 40,744 41, (41,068) INSTRUCTIONAL AIDES 163, , , (22,182) INSTRUCTIONAL AIDES 64,223 73, , , INSTRUCTIONAL AIDES 168, , , (28,218) INSTRUCTIONAL AIDES 71,994 79, , , INSTRUCTIONAL AIDES 0 15, (15,210) INSTRUCTIONAL AIDES 73,130 76, , , INSTRUCTIONAL AIDES 36,380 38, (38,967) INSTRUCTIONAL AIDES 80,750 67, , , SUBSTITUTE TEACHERS 246, , , , SUBSTITUTE TEACHERS 7,628 8, , SUBSTITUTE TEACHERS 38,520 44, , (10,000) SUBSTITUTE TEACHERS SUBSTITUTE TEACHERS 112, , , , SUBSTITUTE TEACHERS 19,830 12, , , SUBSTITUTE TEACHERS 14,610 18, , (4,200) SUBSTITUTE TEACHERS (150) SUBSTITUTE TEACHERS SUBSTITUTE TEACHERS 177, , , (10,000) SUBSTITUTE TEACHERS 11,550 10, , , SUBSTITUTE TEACHERS 27,445 38, , (14,000) SUBSTITUTE TEACHERS SUBSTITUTE TEACHERS (500) SUBSTITUTE AIDES 60,364 48, , , Exclude PROGRAM: 230 Include FUND: 41

23 01/23/2015 AUGUSTA COUNTY PUBLIC SCHOOLS Page 2 BPfull EXPENDITURE BUDGET REVISED BUDGET FY14 FY15 FY15 FY15 FY15 Inc % ACCOUNT OBJECT ACTUAL APPROVED FTE REVISED FTE (Dec) change (1) (2) (3) (4) (5) (6) (7) (10) (11) FUND 41 SCHOOL OPERATING FUND FUNCTION 1100 CLASSROOM INSTRUCTION SUBSTITUTE AIDES 40,521 35, , , SUBSTITUTE AIDES SUBSTITUTE AIDES 5,584 15, , (9,080) SUBSTITUTE AIDES 5,502 6, , (2,000) TEACHER SUPPLEMENT 47,344 46, , (570) TEACHER SUPPLEMENT 14,273 15, , (187) TEACHER SUPPLEMENT 6,609 5, , (64) TEACHER SUPPLEMENT 17,350 19, , (224) TEACHER SUPPLEMENT 0 16, , TEACHER SUPPLEMENT 5,436 5, , (68) TEACHER SUPPLEMENT 5,494 5, , (68) TEACHER SUPPLEMENT 0 10, , (136) TEACHER SUPPLEMENT 17,390 17, , (215) TEACHER SUPPLEMENT 47,880 63, , (286) TEACHER SUPPLEMENT 7,635 7, , (95) TEACHER SUPPLEMENT 3,185 3, , (40) TEACHER SUPPLEMENT 13,090 18, , (230) TEACHER SUPPLEMENT 6,796 6, , (85) TEACHER SUPPLEMENT 34,592 35, , (450) TEACHER SUPPLEMENT 552, , , (7,205) TEACHER SUPPLEMENT 4,350 7, , NATL BOARD CERT TEAC 5,000 5, , SOCIAL SECURITY 7,569 17, , (9,482) SOCIAL SECURITY SOCIAL SECURITY (475) SOCIAL SECURITY 1,027, , ,026, , SOCIAL SECURITY 3,630 3, , (43) SOCIAL SECURITY SOCIAL SECURITY 8,108 12, , (2,327) SOCIAL SECURITY 43,117 46, , (39,735) SOCIAL SECURITY 12,236 13, , SOCIAL SECURITY SOCIAL SECURITY 57,234 61, , , SOCIAL SECURITY 130, , , , SOCIAL SECURITY 50,030 58, , , SOCIAL SECURITY SOCIAL SECURITY 2,358 1, , (14) SOCIAL SECURITY (5) SOCIAL SECURITY 475, , , , SOCIAL SECURITY SOCIAL SECURITY SOCIAL SECURITY 1,458 1, , (17) SOCIAL SECURITY 0 1, , SOCIAL SECURITY 6,678 6, , (3,755) SOCIAL SECURITY 6,930 7, , SOCIAL SECURITY SOCIAL SECURITY 44,561 43, , (1,715) SOCIAL SECURITY 24,782 30, , (2,769) SOCIAL SECURITY SOCIAL SECURITY 54,656 61, , , SOCIAL SECURITY 1,212 1, (1,547) SOCIAL SECURITY , , SOCIAL SECURITY (5) SOCIAL SECURITY (11) SOCIAL SECURITY 641, , , , SOCIAL SECURITY 1,377 1, , (17) SOCIAL SECURITY 3,618 4, , (22) SOCIAL SECURITY 958 1, , SOCIAL SECURITY Exclude PROGRAM: 230 Include FUND: 41