A school system’s budget serves as an operational plan, stated in financial terms, for carrying out the mission of the school district. In accordance with Georgia law and State Board of Education policy, a budget for the Henry County School System is prepared annually and submitted to the Henry County Board of Education for approval. Financial activity occurring during the year is compared to the adopted budget and is presented to the Board monthly.
FY23 Amended Budget
In the June 2022 meeting of the Board, Chief Financial Officer Shanika Clay presented a proposed amendment to the Superintendent’s FY23 Budget Recommendation to incorporate final recommendations from the Compensation and Classification Study and assign general fund reserves to support district staffing and growth forecasts.
The amended general fund budget of $449.9 million results in a per student expenditure of $10,483/student. Click here to view the amended budget.
FY23 Final 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 Development Recap
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.
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.