Budget Case Problem
Meadow Lake Elementary will receive 600 additional students next fiscal year. This increase in student enrollment will raise the school over the number needed for several additional staff. You are only concerned with the budget for the additional students.
Your school will be allocated an additional:
Description Salary Costs
Assistant Principal $ 53,000
Guidance Counselor $ 48,000
4 six-hour Teacher Aides $ 9,600 each
Regular Classroom Teachers $ 48,000 each
One ESE Classroom Teacher $ 48,000 each
One Speech/Language Teacher $ 48,000 each
One ESOL Teacher $ 48,000 each
One Custodian $ 20,000
Secretary Clerk $ 14,000
Data Processor, $ 16,000
The regular education student-teacher formula is 20:1
The school will also receive:
A. $ 4 per student for administrative supplies
B. $16 per student for classroom supplies for regular teacher
C. $ 5 per student for custodial supplies
D. $ 300 per classroom teacher (ALL teachers except speech/language) for textbooks
E. $ 200 per ESE teacher for ESE supplies
F. $ 200 per ESOL Teacher for ESOL supplies
G. A computer package for making class presentations for each regular, ESE, and ESOL teacher (not Speech) (package includes laptop computer with LCD projector) - cost per package is $3,500 per teacher.
H. Substitute budget for $ 5,000
Outline and total the school's additional budget resources based on the increased enrollment. Use State of Florida Function and Objectcodes (Redbook codes), and group the budgeted items by common function.
Use the following headers: (an Excel spreadsheet is available to assist with this assignment)
FUNCTION OBJECT DESCRIPTION EMP. CT. SALARY NON-SALARY
Using the following employee benefit costs, determine the TOTAL employee costs for the enrollment increase (Salary + Benefits)
Variable Benefits Fixed Benefits
Retirement 10.40% Health $ 5,000
FICA 7.65% Life $ 75
Work Comp 1.50%
Total 19.55% $ 5,075
1. What are the Function & Object codes for each of the personnel items?
2. What are the Employee Counts for each Function group?
3. What are the total non-Salary Costs, by Function and Object, for the non-salary items for these additional 600 students? (3 points, ½ points for each incorrect Function, Object, or total cost)
4. What are the total variable and fixed employee benefit costs?