school district of escambia county
DESCRIPTION
SCHOOL DISTRICT OF ESCAMBIA COUNTY. 2007 - 2008 BUDGET AND MILLAGE. THE SCHOOL DISTRICT’S MILLAGE IS COMPRISED OF:. General Fund Required Local Effort (determined by State) Basic Discretionary Supplemental Discretionary Capital Outlay Fund Capital Improvement Fund (2 Mill). - PowerPoint PPT PresentationTRANSCRIPT
2007 - 20082007 - 2008
BUDGET AND MILLAGEBUDGET AND MILLAGE
SCHOOL DISTRICT OF ESCAMBIA COUNTYSCHOOL DISTRICT OF ESCAMBIA COUNTYSCHOOL DISTRICT OF ESCAMBIA COUNTYSCHOOL DISTRICT OF ESCAMBIA COUNTY
THE SCHOOL DISTRICT’S MILLAGE IS COMPRISED OF:THE SCHOOL DISTRICT’S MILLAGE IS COMPRISED OF:
General Fund
Required Local Effort (determined by State)
Basic Discretionary
Supplemental Discretionary
Capital Outlay Fund
Capital Improvement Fund (2 Mill)
WHAT DOES “ROLLED BACK RATE” MEAN?WHAT DOES “ROLLED BACK RATE” MEAN?
It is the millage rate that would generate It is the millage rate that would generate
the same ad valorem tax revenue as was the same ad valorem tax revenue as was
levied in the prior year when applied to the levied in the prior year when applied to the
current year certified taxable value (with current year certified taxable value (with
certain exclusions). The current year total certain exclusions). The current year total
proposed millage rate is .04% less than proposed millage rate is .04% less than
the rolled back rate.the rolled back rate.
AD VALOREM TAX LEVIES BY FUND
2007-2008 FISCAL YEAR
Mills Amount
General Fund - Required Local Effort 4.960 $75,138,850
Discretionary - Basic 0.510 7,725,971
Discretionary - Supplemental 0.250 3,787,240
5.720 $86,652,061
Capital Improvement Fund 2.000 30,297,924
Total 7.720 $116,949,985
$15,946,275,5642007 Certified Tax Roll
Ad Valorem Tax Levies
2006-2007 2007-2008Proposed Change
Required Local Effort 5.134 4.960 (0.174)
Discretionary - Basic 0.510 0.510 0.000
Discretionary - Supplemental 0.250 0.250 0.000
Total 5.894 5.720 (0.174)
Capital Improvement 2.000 2.000 0.000
Grand Total 7.894 7.720 (0.174)
2006-2007 2007-2008 Change
Certified Tax Roll $14,825,927,718 $15,946,275,564 $1,120,347,846
DISTRICT MILLAGE LEVIES2007-2008 FEFP 2ND CALCULATION
ANALYSIS OF PROPERTY TAXES GENERATED
2006-2007 VS 2007-2008
50,000.00$ (25,000.00)$ 25,000.00$ 197.35$ 193.00$ (4.35)$
70,000.00 (25,000.00) 45,000.00 355.23 347.40 (7.83)
90,000.00 (25,000.00) 65,000.00 513.11 501.80 (11.31)
110,000.00 (25,000.00) 85,000.00 670.99 656.20 (14.79)
130,000.00 (25,000.00) 105,000.00 828.87 810.60 (18.27)
150,000.00 (25,000.00) 125,000.00 986.75 965.00 (21.75)
State Local Total
Note: Mills Levied 2006-2007 5.134 2.760 7.894
Mills Levied 2007-2008 4.960 2.760 7.720
Difference (0.174) 0.000 (0.174)
$15,946,275,564Mills Based on 2007-2008 Certified Tax Roll of
AppraisedValue
ExemptValue
Non-ExemptValue
2006-2007 2007-2008 Difference
BUDGET CYCLEBUDGET CYCLE
DISTRICT SUMMARY BUDGETDISTRICT SUMMARY BUDGET2007-2008 ANALYSIS BY FUND2007-2008 ANALYSIS BY FUND
General Fund $354,668,949.49
Special Rev. Food Svcs.
24,613,608.84
Spec. Rev. Other Federal Programs
33,714,392.08
Debt Svc. Funds 11,054,602.61
Capital Projects Funds
159,479,798.49
Internal Svc. Funds 67,568,455.00
Grand Total $651,099,806.51
HOW DO WE COMPARE –HOW DO WE COMPARE –2006-2007 VS 2007-2008 BUDGET2006-2007 VS 2007-2008 BUDGET
2006-2007 2007-2008Final Budget Budget Increase/
(Millions) (Millions) Decrease
General Fund $359.56 $354.67 ($4.89)
Special Revenue - Food Svc. 23.88 24.61 0.73
Special Revenue - Other 36.94 33.71 (3.23)
Debt Service Funds 11.49 11.05 (0.44)
Capital Projects Funds 146.59 159.48 12.89
Internal Service Funds 64.79 67.57 2.78
Subtotal 643.25 651.09 7.84
Less Transfers:
From General Operations 0.00 0.00 0.00
From Capital Projects 14.22 12.29 (1.93)
From Trust & Agency 0.00 0.01 0.01
Grand Total $629.03 $638.79 $9.76
GENERAL OPERATING FUNDGENERAL OPERATING FUND2007-2008 REVENUE2007-2008 REVENUE
Federal/Federal through State
$ 3,228,675.39
State 212,152,700.81
Property Taxes 86,652,061.00
Other Local 5,495,500.00
Total Revenue 307,528,937.20
Transfers In 7,298,500.00
Beginning Fund Balance 7/1/07 39,841,512.29
Total Available $354,668,949.49
GENERAL OPERATING FUNDGENERAL OPERATING FUND2007-2008 APPROPRIATIONS BY OBJECT2007-2008 APPROPRIATIONS BY OBJECT
Salaries $ 185,447,234.44
Benefits 59,688,905.27
Purchased Svcs. 31,028,607.80
Energy Svcs. 13,125,094.37
Materials & Supplies 15,131,597.36
Capital Outlay 8,752,429.26
Other Expenses 7,552,349.39
Total Appropriations
320,726,217.89
Transfers & Reserves 33,942,731.60
Grand Total $354,668,949.49
GENERAL OPERATING FUNDGENERAL OPERATING FUND
THIS FUND IS USED FOR THE DAY-TO-DAY OPERATION
OF THE SCHOOL SYSTEM. IT PAYS FOR THE MAJORITY
OF: Salaries and Fringe Benefits
Supplies and Materials
Textbooks
Transportation
Utilities
Other Expenditures (Fees, Agreements, Repairs, Equipment, Etc.)
TOTAL BUDGET $354,668,949.49
SPECIAL REVENUE FUNDSPECIAL REVENUE FUND
THIS FUND IS USED TO ACCOUNT FOR FEDERAL
GRANT PROGRAMS AND THE SCHOOL FOOD
SERVICE PROGRAM:
Food Service $24,613,608.84
Federal $33,714,392.08(New grants are budgeted as received)
DEBT SERVICE FUNDDEBT SERVICE FUND
THIS FUND IS USED TO ACCOUNT FOR THE
ACCUMULATION OF RESOURCES FOR, AND
PAYMENT OF, GENERAL LONG-TERM DEBT
PRINCIPAL, INTEREST, AND RELATED COST:
Certificates of Participation
Long-Term Leases
TOTAL BUDGET $11,054,602.61
CAPITAL OUTLAY FUND CAPITAL OUTLAY FUND
THIS FUND IS USED FOR EDUCATIONAL
CAPITAL OUTLAY NEEDS:
Acquisition - Facilities & Land
Construction & Renovation - Facilities
Acquisition - Major Equipment
TOTAL BUDGET $159,479,798.49
INTERNAL SERVICE FUND INTERNAL SERVICE FUND
THIS FUND IS PRIMARILY USED TO ACCOUNT FOR THE BOARD’S SELF-INSURANCE
PROGRAMS, THE FINANCIAL RESOURCES OF THE P.M.D.N. FOR WHICH THE BOARD IS
A FISCAL AGENT, LIFE INSURANCE AND THE WAREHOUSE OPERATIONS:
Auto & General Liability / Worker’s Comp. $ 6,908,300.00
Dental / Health / Life 59,595,400.00
Panhandle Mgt. Dev Network 12,755.00
Warehouse Operations 1,052,000.00
TOTAL BUDGET $67,568,455.00
BEGINNING FUND BALANCEBEGINNING FUND BALANCE
Actual 2006-2007
Actual 2007-2008
Reserved for:Encumbrances $12,727,760 $11,191,867Local Carryovers 11,326,133 10,399,214State Required Carryover Programs 3,391,398 5,202,838Other Restricted 1,381,969 1,608,877Inventory 1,319,469 1,356,364
Unreserved Carryover 9,377,439 10,082,352Total $39,524,168 $39,841,512
UNRESERVED BEGINNING FUND BALANCEUNRESERVED BEGINNING FUND BALANCE1995-1996 THROUGH 2007-2008 1995-1996 THROUGH 2007-2008
3,222,544
1,621,897
1,056,963
3,285,9233,713,121
1,120,094
3,168,250
3,782,391
7,483,581
6,359,930
8,090,2129,377,439
10,082,351
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
PRE-K - 12 REGULAR TERM UNWEIGHTED FTEPRE-K - 12 REGULAR TERM UNWEIGHTED FTEEXCLUDING SUMMER SCHOOL & ADULTEXCLUDING SUMMER SCHOOL & ADULT
1995-1996 THROUGH 2007-20081995-1996 THROUGH 2007-2008
Note: 2007-2008 is projected.
43,489.52
44,120.80
44,384.26
44,130.94
43,698.6743,583.39
43,403.96
42,854.79
43,054.8443,023.98
42,590.87
41,952.73
41,414.73
39,500
40,000
40,500
41,000
41,500
42,000
42,500
43,000
43,500
44,000
44,500
1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08
TOTAL STATE & LOCAL FEFPTOTAL STATE & LOCAL FEFP$200,042,658$200,042,658