PDF State Funding and School District Accounting - Georgia

Richard Woods, Georgia's School Superintendent

"Educating Georgia's Future"

State Funding and School District Accounting

State Charter Schools ? January 2017 GaDOE Financial Review Division

Agenda

Richard Woods, Georgia's School Superintendent

"Educating Georgia's Future"

? How School Systems are Funded in Georgia ? Quality Basic Education Act (QBE) ? Forward Funding For State Charter Schools ? CPI Reports and How Funding is Affected ? Financial Reporting

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Richard Woods, Georgia's School Superintendent

"Educating Georgia's Future"

How School Systems are Funded in Georgia

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State Budget ? Revenue $24,345,494,024 FY 2017 ? Proposed Amended

Lottery 4.4%

Motor Fuel Tax 7.1%

Other 15.4%

Sales Tax 29.9%

Richard Woods, Georgia's School Superintendent

"Educating Georgia's Future"

Income Taxes Individual 44.8%

Income Taxes Corporate 4.2%

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State Budget ? Recommended Expenditures & Appropriations FY 2017 ? Proposed Amended $24,345,494,024

Growing Georgia 1.8%

Responsible & Efficient Government

3.5%

Safe Georgia 8.3%

Mobile Georgia 7.5%

Debt Management 5.0%

Richard Woods, Georgia's School Superintendent

"Educating Georgia's Future"

Healthy Georgia 21.5%

Educated Georgia 52.4%

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