4 Year Budget Model Forecast Parameters

Last Update: February 11, 2005

Equalized Value increase of 6% annually
Secondary Guarantee increase of 5.75% annually
Enrollment Changes from November, 2004 projections
- Summer School constant at 465 FTE
- Pre K constant at 122 FTE
Open Enrollment in/out projections constant
Allowed Increase per student constant at 1.7%
Transfer of Service Exemption of $800,000 annually
Community Service Fund 80 Levy increase 4%
Integration Aid constant
Federal Revenues increase 3% annually
Special Education Aid to decrease in reimbursement rate by 1% annually
- Includes High Cost Claim Aid of $500,000 annually
Categorical Aids increase 3% annually

Salary/Fringe package annual increase as established by Board/Human Resources Committee
Special Education Aid to decrease in reimbursement rate by 1% annually
- Includes High Cost Claim Aid of $500,000 annually
Non Salary and Fringe expenditures (Objects 300-999) increase 3% annually
- Utilities adjusted to reflect 2004-05 projections and inflated + 8% for 2005-06; subsequent years inflate at 3% annually
- Pupil Transportation increase 4%