Financial Sheet for SAFBG Proposal

 

COST                                                                                          NEW REVENUE

 

Maximum cost of 5 min. supervision:                                      Decrease in fuel costs for direct route:        ?

  (aide at 5 min. for  school year)

   Aide salary scale varies)                              $200

 

Cost of supervision to District:                                            Income from new bus passes:

 

  (aide salary borne by SAFBG/Nixon PTA)           0                 (estimate based on Fall '05 signups)

                                                                                                      Number of first child passes                          9

                                                                                                      Number of sibling passes                              1

                                                                                                      Price of first child/year                              $630

                                                                                                      Price of sibling/year                                  $200

 

                                                                                                      Revenue from 9 first child                      $5580

                                                                                                      Revenue from 1 sibling                            $200

 

Total cost of reconfiguration to District                 0               Total income                                             $5780

 

Estimated NET Expenditure and Revenue to District:  $5780 per year plus fuel savings

 

Bus Finances and Board Policy on Transportation

 

(December 14, 2005 discussion at end of District-SAFBG meeting; see Meeting Minutes.)

 

Kathy D. explained that "unreimbursed operating costs" for the busses are to be fully covered by fees, according to the Board Policy on Transportation.  Kathy Mak, the District Chief Financial Officer, estimates the operating costs of each fee bus at $51,000-53,000 per year.  Fall '05 the J provided $7,670 in first semester fees, the Z  $11,517 and the Y  $12,000. (Fee take would be double for the year.)

 

Joan noted that the yearly reimbursement for Home-to-School bussing from the State was $359,398.00 in 2002, according to Kathy Mak.  The State awards money to each school district which has continued home-to-school bussing since Prop.13.  These Home-to-School monies are distinct from State reimbursement for Voluntary Transfer and from State reimbursement for Special Ed.  Since the amount reimbursed by the State for Home-to-School bussing goes up each year with costs, the present reimbursement would be well over $359,398.00, which in turn would mean present fees would cover any unreimbursed operating costs.