20 final hearing...critical, 0.250 sp. millage 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 sp....

September 10, 2019Dale C. Kelly, CPAChief Financial Officer

PublicHearingFY2020FinalBudget

• Presentation of proposed millage• Presentation of proposed budget• Superintendent’s comments• Public comments• Board discussion• Adoption of total millage• Adoption of 2019‐20 Budget

Agenda

2

Commercial BuildingsResidential

PropertyTaxes

3

• Just Value  (Property Appraiser)• Less: Save Our Homes Cap (Legislature)• Equals:  Assessed Value• Less:  Exemptions (Legislature)• Equals:  Taxable Value• Times:  Millage Rate (Legislature and Board)• Equals: Property Taxes

PropertyTaxes

4

 ‐

 50.0

 100.0

 150.0

 200.0

 250.0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

In Billions

EDR EstimatesOrange Taxable Values

as of March 2019

5

Description 2018‐19 2019‐20 Change

Required Local Effort 4.051  3.861  (0.190)

Discretionary 0.748  0.748  ‐

Additional Voted Millage 1.000  1.000  ‐

Subtotal Operating 5.799  5.609  (0.190)

Capital Projects 1.500  1.500  ‐

Total Millage 7.299  7.109  (0.190)

Millage Rate Comparison

6

Disc. Mill0.7480.7480.7480.7480.7480.7480.7480.7480.7480.748Disc Mill

0.748

Cap. Millage1.5001.5001.5001.5001.5001.5001.5001.5001.5001.500Cap Millage

1.500

RLE3.861

4.0514.2224.5634.9705.2265.1145.2305.2975.396

5.425RequiredLocalEffort

Critical, 0.250

Sp. Millage1.000

1.0001.0001.000

1.0001.0001.0001.000Sp. Millage1.000

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11FY10Disc Mill Cap Millage RLE Critical Sp. Millage

Reduced 1.564

Millage Rates

7

• Current Year Taxable Values• Less: New Construction and Additions• Equals:  Current Year Adjusted Taxable Values• Times:  Rolled‐Back Rate (millage rate)• Equals: Prior Year Tax Proceeds

Rolled‐BackRate

8

• Required Local Effort – 1.57% over the rolled‐back rate

• Total Millage – 3.79% over the rolled‐back rate

Rolled‐BackRate

9

Description Values Taxes

Home Just Value Prior Year* $  202,625 

Less Homestead Exemption $    25,000 

Taxable Value Prior Year $  177,625 

Taxes Paid Prior Year $  1,296 

Home Just Value Current Year $  206,000 

Less Homestead Exemption $    25,000 

Taxable Value Current Year $  181,000 

Taxes Proposed Current Year $  1,287 

Net Change in Taxes $       (9)

*with Save Our Homes

Homeowner Impact

10

Description Values Taxes

Property Just Value Prior Year $      938,350 

Less Homestead Exemption $                 ‐

Taxable Value Prior Year $      938,350 

Taxes Paid Prior Year $    6,849 

Property Just Value Current Year $   1,000,000 

Less Homestead Exemption $                 ‐

Taxable Value Current Year $   1,000,000 

Taxes Proposed Current Year $    7,109 

Net Change in Taxes $        260 

Commercial Owner Impact

11

ProposedAnnualBudget2019‐20

12

• Community input and legislative priorities – Fall• Governor’s Budget – January• Final EDR Forecast – March• Legislative Session – March through May• Budget Committee meetings – March through May• Initial school allocations – March• Board work sessions – April and June• Proposed millage and budget advertised – July 28• Public hearing on Tentative Budget– July 30• Public hearing on Adopted Budget– September 10

TimelineofBudgetProcess

13

• Compensation to employees• Increased dollars for safety and mental health• Maintains focus on district’s strategic plan• Preserves academic programs, retains highly qualified teachers, and protects arts, athletics and student activities

BudgetSummary

14

*Food Service only, other grant awards to be amended into budget as approved.                                               

Fund 2018‐19 2019‐20 Difference

General 2,150,793,740  2,231,730,988  80,937,248 

Debt Service 222,532,629  227,833,851  5,301,222 

Capital Projects 1,858,305,493  1,984,059,685  125,754,192 

Special Revenue* 169,957,186  170,188,462  231,276 

Internal Service 336,472,194  348,801,859  12,329,665 

Totals 4,738,061,242  4,962,614,845  224,553,603 

Summary of Five Funds

15

GeneralFund

16

• Budget – $2,231,730,988• Operating budget of the school district• Primary source is the Florida Education Finance Program (FEFP)

• Funding is equalized per student statewide• Revenues are primarily from state sales taxes and local property taxes

• Also includes revenues from additional voted millage not to exceed 4 years

GeneralFund

17

EstimatedRevenue

18

150,000

160,000

170,000

180,000

190,000

200,000

210,000

220,000

230,000

240,000

250,000

07‐08 08‐09 09‐10 10‐11 11‐12 12‐13 13‐14 14‐15 15‐16 16‐17 17‐18 18‐19 19‐20

FTE Actual and Forecast 

19

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Education Enhance. and Ed.Other

Human Services Criminal Justice andCorrections

NaturalResources/Environ./Growth

Mgt./Transp.

General Government Judicial Branch

2016‐17

2017‐18

2018‐19

2019‐20

Total State Appropriations (All Funds)

20

0%

10%

20%

30%

40%

50%

60%

70%

Early Learning Public Schools Community Colleges Universities Other

2016‐17

2017‐18

2018‐19

2019‐20

Education Appropriations (All Funds)

21

7,309.24 

6,988.29 

6,530.42 

6,447.36 

6,228.17 

6,346.25 

6,735.24 

6,883.27 

7,057.07 7,120.32  7,231.06 

7,343.01 

7,632.22 

360.11 

339.16 

123.53 

210.64 

468.97 452.48 

466.16 

491.16 

551.32 585.43 

630.39 658.98 

711.84 

 6,000.00

 6,500.00

 7,000.00

 7,500.00

 8,000.00

 8,500.00

 9,000.00

 9,500.00

July 2007 July 2008 July 2009 July 2010 July 2011 July 2012 July 2013 July 2014 July 2015 July 2016 July 2017 July 2018 July 2019

State Funding Federal Stimulus Critical Needs Millage Edu Jobs One Mill CPI

$639Less

Budgeted Funding Per StudentSecond Calculation FEFPWith CPI Comparison

22

40

45

50

55

60

65

70

85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20

Perc

ent

Fiscal Year End

Percentage of State General Revenue Going to Education

23

72.6 71.7 71.8 71.469.2 70.3 70.8

50

55

60

65

70

75

80

FY14 FY15 FY16 FY17 FY18 FY19 FY20

Percen

t

Fiscal Year End

Percentage of General Revenue to Public Schools

24

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20

Public Schools Classrooms First & CSR Construction Community Colleges State Universities State Other

Lottery Appropriations for FloridaReflects How Lottery Funds Were Dispersed to Education

25

Federal ‐ 0.61%

State ‐ 51.63%

Local ‐ 47.76%

Estimated Revenues by Source

26

Appropriations

27

• Compensation to employees• Increased mental health services• Increased safety at schools• Instructional support for Teaching and Learning• Preserving academic programs• Retain highly qualified teachers• Protect arts, athletics, and student activities

Priorities

28

• Health insurance‐increase of 10%• Florida Retirement System rate increases• Professional development days

OtherBudgetItems

29

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

Instr. & Instr Support School Administration Plant Operation &Maint.

Transportation General Support General Admin. &Board

Community & DebtServ.

FY16-17

FY17-18

FY18-19

FY19-20

General FundBudgeted Appropriations by Function

30

CapitalProjectsFund

31

• Budget – $1,984,059,685• Primary revenue sources – sales surtax, property tax, impact fee

• Minimal state support• Primary uses are for new relief schools, comprehensive renovations, capital renewal, and safety

CapitalProjectsFund

32

 ‐

 100.00

 200.00

 300.00

 400.00

 500.00

 600.00

 700.00

2020 2021 2022 2023 2024

In M

illions

Fiscal Year

Other State

PECO

Other Local

Sales Taxes

Impact Fees

Property Taxes

Budgeted Capital Revenues by Source

33

Districtwide Capital 21.16%

Comprehensive Needs 22.18%

Additional Schools 27.61%

Site Acquisition 2.74%

Safety Security Environ 7.84%

Portables 2.79%

Educational Tech 5.46%

Charter Schools  0.62%

Buses & Equipment 1.17% Ancillary Facilities 1.08%

Debt Service & Ops 7.35%

Capital Projects Use of Funds(Excluding Reserves)

34

• Continues with project priorities as previously presented

• Includes funding for ballfield lighting at high schools• Includes the continuation of the refurbishing all the track and field components at our high schools

• Includes new capacity projects based on recommendations from Advance Planning

• Includes continuation of safety projects

CapitalPlan

35

• 2019  Castleview ES• 2019  Horizon West MS• 2019  Water Spring ES• 2020  20‐E‐SW‐4• 2020  85‐E‐W‐4• 2020  83‐E‐SE‐3

Five‐YearNewSchoolOpenings

36

• 2021  80‐H‐SW‐4• 2021  113‐H‐W‐4• 2021  118‐E‐SW‐5• 2021  43‐E‐SE‐2• 2022  89‐E‐W‐4• 2022  30‐E‐SE‐3• 2022  90‐K8‐N‐7• 2022  132‐M‐W‐4

Five‐YearNewSchoolOpenings

37

• 2023  65‐M‐W‐4• 2023  68‐M‐SE‐2

Five‐YearNewSchoolOpenings

38

• Meadow Woods MS• Acceleration West

FY2020ComprehensiveProjects‐Construction

39

• Orange Technical College – Orlando• Orange Technical College – Winter Park

FY2020ComprehensiveProjects‐Design

40

• Digital curriculum expansion‐ $61.3m• School bus replacement‐ $15.3m• Portable moves and leasing‐ $36.5m• Charter school capital funding‐ $8.2m• District‐wide painting‐ $7.0m

OtherFY20Appropriations

41

DebtServiceFund

42

• Budget ‐ $227,833,851• Accumulates resources to pay long‐term debt• Primary Revenue Sources

‐State CO&DS Revenues‐Transfer from Capital Projects Fund

DebtServiceFund

43

SpecialRevenueFund

44

• Budget – $170,188,462• Initial budget includes Food Service Program only, a self‐supporting operation

• Funding is primarily from Federal reimbursement and USDA commodities, as well as local sales

• Meal prices will remain the same for 2019‐20• Continued investment in upgrading kitchen equipment from Food Service profits

Other Federal Grants will be amended into the budget as approved

SpecialRevenue

45

InternalServiceFund

46

• Total budget – $348,801,859• Used to account for the district’s Employee Benefit Trust Fund, Property Casualty Loss Fund, and Printing Services Fund

InternalServiceFund

47

Employee Benefit Trust Fund• Budget – $304,279,655• Funded by Board contributions for employees and deductions for employees and dependents

• Medical claims payments and charges for services• Plans continue to comply with Affordable Care Act requirements

• Increase of 10% in board contributions

InternalServiceFund

48

Property Casualty Fund• Budget – $37,157,795 • Property, Liability and Worker’s Comp Claims• Funded through charges to other budgets

Printing Services• Budget – $7,364,408• Funded through charge‐backs to departments and schools

InternalServiceFund

49

• Superintendent’s comments• Public comments• Board discussion• Adoption of total millage• Adoption of 2019‐20 Budget

RemainingActions

50