“Investing in the Journey”: Annual Financial Plan 2019-2020

Dear Henrico colleagues, families, students, community stakeholders and friends, 

I’m pleased to share with you Henrico County Public Schools’ next step for investing in our students, staff and schools. Henrico Schools’ 2019-20 Adopted Annual Financial Plan is a product of your input and collaboration. In the past several months, we’ve had important conversations about our division’s budget priorities. Thank you for adding your voice at a series of community meetings in each magisterial district, and at two School Board meetings. Your feedback enabled us to develop a responsive budget that continues to meet the needs of our students, their families and our community stakeholders while pursuing our School Board’s vision that all our students have the support they need to be successful. 

The general fund budget included in this Adopted Annual Financial Plan reflects an increase of $29 million over the current budget to a total $514,448,820 or 6.0 percent over the current year. Student enrollment is expected to remain steady as we head into the 2019-20 school year.

What‘s in the plan? Some of the highlights include investment in areas such as: 

  • A 3.0% pay increase for all employees. 
  • Employee health insurance costs. 
  • Funding to better manage “salary compression” of HCPS staff. 
  • Adding teachers to address increasing pupil/teacher ratios. 
  • Adding more reading specialists and investing in other ways to strengthen academic programming. 
  • Continuing to expand the Gifted Young Scholars Academy at L. Douglas Wilder Middle School, and integrating STEAM concepts (Science, Technology, Engineering, Arts and Mathematics) at all our middle schools. 
  • Expanding the Achievable Dream Academy to the fourth grade at Highland Springs Elementary School. 
  • Adding additional seats for Henrico students at CodeRVA Regional High School. 
  • Adding staff members so elementary teachers get planning periods for effective instruction. 
  • Offsetting the increasing costs of keeping our school division vehicles in good repair. 
  • Reallocating funding from the MathScience Innovation Center to improve and replace instructional supplies, textbooks and technology infrastructure, including the reduction of the student laptop fee in order to help working families.
  • Converting instructional assistants from temporary to full-time positions. 

 The development of the budget is possible through the hard work of schools and county staff. I would like to express my appreciation to school division-staff as well as County Manager John Vithoulkas and his staff for their assistance in the development of this budget. We greatly value our partnership and the generous support of HCPS by Henrico taxpayers, the School Board, the Henrico Board of Supervisors and the County Manager. 

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Amy E. Cashwell, Ed. D.
Superintendent of Schools

 

Contact Information:

Debra Hargrave, Director of Budget  804-652-3633

Juan Smith, Accounting Division Director  804-652-3630

Please provide comments, suggestions and questions to the budget office @ budget@henrico.k12.va.us

Henrico’s investment in STEAM education and the MathScience Innovation Center: An explanation

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Monthly Financial Statement

School Nutrition Services Income Statement

2018-2019 Average Per Pupil Expenditures