• 2023 Budget

FY23 Budget Development

  • A school system’s budget serves as an operational plan, stated in financial terms, for carrying out the mission of the school district. The development of a budget requires planning for the upcoming school year and results in allocations of funding to accomplish a district’s stated goals.

    For Henry County Schools, budget development typically begins in December with review and analysis of historical trends, strategic priorities, and enrollment forecasts. The launch of state legislative activity in January and the monitoring of State and local activity through March support revenue forecasting, that then informs the school system’s expenditure capacity. Collaborative inputs from school leaders, district leaders, and the community are obtained to inform expense planning. Georgia law requires the Superintendent to recommend a balanced budget for action by the governing school board. Tentative presentation of a proposed budget and final adoption of a proposed budget must be accomplished by June 30th annually.

    Click here to view Henry County School’s budget development calendar.

FY23 Final Budget Adoption

  • In the May 2022 meeting of the Board, Chief Financial Officer Shanika Clay presented the Superintendent’s FY23 Budget Recommendation for final adoption, inclusive of revenue and expenditure updates identified since the Board’s tentative adoption in April. The final recommendation - totaling $625.3 million across the four aggregate funds - reflected clear alignment to the Board’s unified priorities around investing in competitive compensation and investing in the strategic plan that was inspired by Henry County community members. After the Study Session, the second of two required budget hearings was held at 6:30 p.m. in advance of the Board’s Business Meeting where formal action to approve the final budget for FY23 was completed.

    The adopted general fund budget of $445.5 million includes historic investments in student access to quality teachers, leaders, staff, and resource – resulting in a per student expenditure of $10,413/student. The adopted budget continues HCS’ persistence in putting resources close to students, with 97% of funds aligned to teaching, learning environment maintenance and direct student services.

    Click here to view the final budget.

FY23 Tentative Budget Adoption

  • On April 18, 2022, Chief Financial Officer Shanika Clay presented the Superintendent’s FY23 Budget Recommendation to the Board during its study session. The recommendation outlined expenditures of $620.3 million across the four aggregate funds the Board takes action on annually. Following the Study Session, the first of two required budget hearings was held at 6:30 p.m. in advance of the Board’s Business Meeting where formal action to approve the tentative budget for FY23 was completed. Covering the 2022-2023 school year, the tentatively adopted budget represents a historic investment, with the highest per student expenditure in system history.

    Click here to view the tentative budget.

  • FY23 Budget Overview

    In the March 2022 meeting of the Board, Chief Financial Officer Shanika Clay provided a report on the FY23 revenue forecast for the general fund, setting the constraints for expenditure allocations. The report outlined competitive compensation and strategic action plan investments that will be included in the Superintendent’s recommended budget when it is tentatively presented for adoption on April 18, 2022. The general fund overview presented is supportive of the Board’s goal of ensuring resources are aligned to support student learning, with 97% of funds covering expenditures related to instruction, direct student services, or maintaining safe and secure learning environments.

  • A recap of board reports related to the FY23 Budget Development Process are summarized below.

    FY23 Budget Outlook

    In the February 2022 meeting of the Board, Chief Financial Officer Shanika Clay provided a report on insights from the State’s 2022 legislative cycle, and its impact on our current fiscal year (FY22) as well as the outlook for FY23 budget development. The report outlined macro indicator trends and a plan to increase teacher salaries for the coming fiscal year (FY23) in support of the Board’s commitment to recruit, support, retain, and recognize effective teachers, leaders and staff. The report highlighted that all job families would be evaluated through the Board’s ongoing compensation and classification study.

    Click here to view Henry County School’s budget outlook.

  • FY23 Budget Priorities

    In the January 2022 meeting of the Board, Chief Financial Officer Shanika Clay provided a report on top budgetary priorities that will inform FY23 budget development. The report outlined the Board’s commitment to continue building upon investments in competitive salaries and to support investments required by the five-year, community-inspired strategic plan.

    Click here to view Henry County School’s budget priorities.

  • FY23 Budget Development Cycle and Calendar

    In the December 2021 meeting of the Board, Chief Financial Officer Shanika Clay provided a report on the status of the FY23 budget development cycle and accompanying calendar. Budget development has many key inputs for expenditure considerations that must align with the district’s five-year, community-inspired strategic plan. The Board’s commitment to this important budget-setting process helps to maintain the district’s vision of every student receiving a high-quality, world-class education.

    Click here to view Henry County School’s budget development calendar.