| Summary of the
Under-Funding of QBE |
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|
|
|
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|
| Under-Funding
of QBE in FY 02 |
|
|
| Staff Development (1) |
$
20,363,325 |
|
| Textbooks, Supplies, & Equip. (1) |
113,484,481 |
|
| School Administration (1) |
196,709,878 |
|
| Central Administration (1) |
(28,389,839) |
|
| Facility Maintenance (1) |
164,990,448 |
|
| Subtotal |
|
$
467,158,292 |
|
| Transportation (2) |
113,117,638 |
|
| Total |
|
|
$
580,275,930 |
$
600,000,000 |
|
|
|
|
|
| Cost Reductions
since FY 02 |
|
|
|
Austerity Reductions |
$
332,838,099 |
|
| Direct Cuts in Allocation Factors |
40,800,000 |
|
| Direct Cuts in Transportation (3) |
20,619,025 |
|
| Total |
|
|
$
394,257,124 |
400,000,000 |
|
|
|
|
|
| Inflation
except for Instructional Personnel |
|
| Total QBE Earnings in FY 02 |
$
6,059,809,700 |
|
| Less Instructional Personnel |
(4,955,644,069) |
|
| Plus Transportation Grants |
177,551,705 |
|
|
Subtotal for Affected Funding |
$
1,281,717,336 |
|
| Under-Funding of QBE in FY 02 |
580,275,930 |
|
| Base for Affected Costs in FY 02 |
$
1,861,993,266 |
|
| Inflation over 4 years (4) |
10.30550% |
|
|
Total |
|
$
191,887,632 |
200,000,000 |
|
|
|
|
|
| Overall Total |
|
|
$
1,200,000,000 |
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| Notes: |
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|
| (1) Based on an estimate of the minimum cost in
FY 2002 of the basic |
| program as defined in the Quality
Basic Education Act. |
| (2) Assumes that the minimum cost of
transportation in FY 2002 was |
| only 2/3rds of the actual cost in that
year of $436,004,014, of which |
| $177,551,795 was covered by the State
Categorical Grants. |
| (3) Reflects the actual decrease in
appropriations from FY 02 to FY 06. |
| The implied cut in the funding formula
would be greater as a result of |
| higher fuel costs and more students in
FY 06 compared with FY 02. |
| (4) Based on an increase of 2.4824% per year in
the Consumer Price |
| Index for the southern U. S. from
mid-FY 02 to mid-FY 05. |
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