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$300.0

$310.0

$320.0

$330.0

$340.0

$350.0

$360.0

FY2008-09 FY2009-10 FY2010-11 FY2011-12

331.4

351.2 356.6

365.7

329.7

343.1

332.9 318.2

Total School Finance Formula Funding Full Funding per School Finance Act & Amendment 23

As Compared to Actual & Anticipated Funding

Full Funding Actual Funding Anticipated Funding

12.97% Projected Rescission

($47.5 million)

Estimated Rescission ($23.7 million)

6.6%

Actual Rescission ($1.7 million)

Includes one-time Federal Funding for ED JOBS of

$9.7 million and SFSF/ARRA of $3.7 million,

Offset by Rescissions of ($13.4 million)

Actual Rescission ($8.1 million)

$ in

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99%

UUPPUse of General Fund Reserves $9.2 - $10.9

$10.9 Million

DDOOWWNN

$14.9 Million

Cost & Resource Mgmt. Plan $14.9

Reduce Costs

Use Other Resources

BUDGET SOLUTION $25.8 Million

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