Working on Proposed Budget

*Note this is not the final budget yet.  It will be finalized within a couple of weeks and submitted to Indiegogo.  I'm going to need your help to make this a reality.

Director Y1 $75,000 Y2 $76,000 Y3 $77,000 Y4 $78,000

3-4 Teacher Y1 $40,000 Y2 $41,000 Y3 $42,000 Y4 $43,000

K Teacher Y1 $50,000 Y2 $51,000 Y3 $52,000 Y4 $53,000

Gr. 1-2 Teacher Y1 $50,000 Y2 $51,000 Y3 $52,000 Y4 $53,000

Gr. 3-4 Teacher Y1 $40,000 Y2 $41,000 Y3 $42,000 Y4 $43,000

Gr. 5-6 Teacher Y1 $45,000 Y2 $47,000 Y3 $48,000 Y4 $49,000

Gr. 7-8 Teacher Y1 N/A Y2 $40,000 Y3 $41,000 Y4 42,000

Total $1,362,000

3-4 TA Y1 $10,000 Y2 $10,250 Y2 $10,500 Y3 $10,750 Y4 $11,000

K TA Y1 $10,000 Y2 $10,250 Y2 $10,500 Y3 $10,750 Y4 $11,000

Gr. 1-2 TA Y1 $10,000 Y2 $10,250 Y2 $10,500 Y3 $10,750 Y4 $11,000

Gr. 3-4 TA Y1 $10,000 Y2 $10,250 Y2 $10,500 Y3 $10,750 Y4 $11,000

Gr. 5-6 TA Y1 $10,000 Y2 $10,250 Y2 $10,500 Y3 $10,750 Y4 $11,000

Gr. 7-8 TA Y1 N/A Y2 $10,000 Y3 10,250 Y4 $10,500

Total $293,250

Secretary/bookkeeper Y1 $40,000 Y2 $41,000 Y3 $42,000 Y4 $43,000

Cook Y1 $30,000 Y2 $31,000 Y3 $32,000 Y4 $33,000

Adult Education Y1 $40,000 Y2 $41,000 Y3 $42,000 Y4 $43,000

Substitutes (180 days@ $80/day) Y1 $14,400 Y2 $14,400 Y3 $14,400 Y4 $14,400

Total $515,600

*Insurance Coverage for Full Time Employees (10 employees @ $9,000/year) $90,000 x 4 years = $360,000

*Retirement Benefits for Full Time Employees $40,000 x 5% = $2,000 x 10 employees =

$20,000 x 4 years = $80,000

Total Employment 4 Years $2,610,850

Land $350,000

Unfurnished Building $1,200,000

iPads (30 students, 8 teachers)  38 x $600 = $22,800

Horseshoe table per classroom 6 x $250 = $1,500

Teacher desk per classroom 7 x $500 =3,500

Teacher chair per classroom 7 x $100 = $700

Student chairs $150 x 30 students = $4,500

Student desks $325 x 30 students = $9,750

Teacher and Support Staff Chromebooks 10 x $400 = $4,000

Teacher and Support Staff color printers 10 x $100 = $1,000

Couch per classroom 8 x $500 = $4,000

Smartboard per classroom (plus common area) 9 x $2,500 = $22,500

Playground $25,000

Books for classrooms $1,000 x 7 = $7,000

Fridge $2,000

Freezer $2,000

Stoves 2 x $1,500 = $3,000

Plates $200

Silverware $100

Kitchen hardware (pots, pans, etc.)  $2,000

Copy Machine $1,500

Initial Opening Cost to Build and Furnish School $1,667,050    

• Food Costs $5 per student per day ($5 x 30) = $150 per day x 180 school days = $27,000 per year x 4 years = $108,000
• Transportation (bus) $150 per day x 180 days = $27,000 per year x 4 years = $108,000
• Field Trip Expenses $4,500 per year x 4 years = $18,000
• Classroom supplies Y1 $1,000 x 8 teachers = $8,000 Y2 $500 x 8 teachers= $4,000

Y3 $500 x 8 teachers  = $4,000 Y4 $500 x 8 teachers = $4,000 Total for 4 years = $20,000

• Testing grades 2-6 ACT Aspire (includes periodic assessment) 15 students x $30 =

$450 x 4 years = $1,800

grades 7-8 ACT Aspire (includes periodic assessment) 6 students x $30=

$180 x 3 years = $540

• Facilities Insurance coverage $450 per month x 12 months = $5,400 x 4 years = $21,600

• Reflex Math $35 x 24 students = $840 x 4 years = $3,360
• iReady Math $30 x $24 students = $720 x 4 years = $2,880
• iReady Reading $30 x $24 students = $720 x 4 years = $2,880
• Reading Eggs $269 per year x 4 years = $1,076
• Toiletry Supplies $1,000 x 4 years = $4,000
• Cleaning supplies $1,800 x 4 years = $7,200
• Internet $50 per month x 12 months = $600 x 4 years = $2,400
• Utilities $1,500 per month x 12 months = $18,000 x 4 years = $72,000
• Water $180 per month x 12 months = $2,160 x 4 years =$8,640
• Grounds maintenance  $500 per month x 12 months = $6,000 x 4 years = $24,000

Operating Costs First 4 years $406,376

Total $4,684,276