Orange County Public Schools 8 Public Hearing FY 2017 Final Budget September 13, 2016 1
Orange County Public Schools Agenda • Presentation of proposed millage • Presentation of proposed budget • Superintendent’s comments • Public comments • Board discussion • Adoption of total millage • Adoption of 2016-17 Final Budget 2
Orange County Public Schools Property Taxes Residential 3
Orange County Public Schools Property Taxes • 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 4
Orange County Public Schools EDR Estimates Orange Taxable Values as of August 2016 180.0 160.0 140.0 120.0 100.0 In Billions 80.0 60.0 40.0 20.0 - 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 5
Orange County Public Schools Millage Rate Comparison Description 2015-16 2016-17 Change Required Local Effort 4.970 4.563 (0.407) Discretionary 0.748 0.748 - Additional Voted Millage 1.000 1.000 - Subtotal Operating 6.718 6.311 (0.407) Capital Projects 1.500 1.500 - Total Millage 8.218 7.811 (0.407) 6
Orange County Public Schools Rolled-Back Rate • 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 7
Orange County Public Schools Rolled-Back Rate • Required Local Effort – 2.50% under the rolled-back rate • Total Millage – .94% over the rolled-back rate 8
Orange County Public Schools Homeowner Impact with Save Our Homes Home Just Value Prior Year $ 159,062 Less Homestead Exemption $ 25,000 Taxable Value Prior Year $ 134,062 Taxes Paid Prior Year $ 1,102 Home Just Value Current Year $ 160,000 Less Homestead Exemption $ 25,000 Taxable Value Current Year $ 135,000 Taxes Proposed Current Year $ 1,054 Net Change in Taxes $ (48) 9
Orange County Public Schools Commercial Owner Impact Property Just Value Prior Year $ 941,620 Less Homestead Exemption $ - Taxable Value Prior Year $ 941,620 Taxes Paid Prior Year $ 7,738 Property Just Value Current Year $ 1,000,000 Less Homestead Exemption $ - Taxable Value Current Year $ 1,000,000 Taxes Proposed Current Year $ 7,811 Net Change in Taxes $ 73 10
Orange County Public Schools Proposed Annual Budget 2016-17 11
Orange County Public Schools Timeline of Budget Process • Community input and legislative priorities – Fall • Governor’s Budget – November • Final EDR Forecast – December • Legislative Session – January through March • Budget Committee meetings – January through March • Initial school allocations – March • Board work sessions – April, May, June • Proposed millage and budget advertised – July 24 • Public hearing – July 26 • Public hearing – September 13 12
Orange County Public Schools Budget Summary • Maintains focus on district’s strategic plan • Preserves academic programs, retains highly qualified teachers, and protects arts, athletics and student activities • Complies with board policies as well as state and federal requirements • Includes impact of collaborative bargaining process to date 13
Orange County Public Schools Summary of Five Funds Fund 2015-16 2016-17 Difference General 1,921,686,177 2,027,853,542 106,167,365 Debt Service 224,419,136 216,208,308 (8,210,828) Capital Projects 1,589,643,474 1,683,423,798 93,780,324 Special Revenue* 110,092,289 135,139,583 25,047,294 Internal Service 300,175,925 315,878,481 15,702,556 Totals 4,146,017,001 4,378,503,712 232,486,711 *Food Service only, other grant awards to be amended into budget as approved. 14
Orange County Public Schools General Fund 15
Orange County Public Schools General Fund • Budget – $2,027,853,542 • 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 16
Orange County Public Schools Estimated Revenue 17
Orange County Public Schools FTE Actual and Forecast 205,000 200,000 195,000 190,000 185,000 180,000 175,000 170,000 165,000 160,000 155,000 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 18
Orange County Public Schools Total State Appropriations (All Funds) 45% 40% 35% 30% 25% 20% 15% 2013-14 2014-15 10% 2015-16 5% 2016-17 0% 19
Orange County Public Schools Education Appropriations (All Funds) 70% 60% 50% 40% 2013-14 2014-15 2015-16 30% 2016-17 20% 10% 0% Early Learning Public Schools Community Colleges Universities Other 20
Orange County Public Schools Budgeted Funding Per Student Second Calculation FEFP With CPI Comparison 9,000.00 8,500.00 $759 8,000.00 Less Special Millage 7,500.00 Edu Jobs 551.32 585.43 Critical Needs 491.16 7,000.00 Millage 466.16 Federal Stimulus 123.53 360.11 339.16 468.97 452.48 7,309.23 Regular Funding 7,120.32 7,057.07 6,500.00 6,988.29 6,883.27 6,735.24 210.64 6,530.42 6,447.36 - 6,346.25 6,228.17 6,000.00 July July July July July July July July July July 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 21
Orange County Public Schools Percentage of State General Revenue Going to Education 70 65 60 Percent 55 50 45 40 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 Fiscal Year End 22
Orange County Public Schools Lottery Appropriations for Florida Reflects How Lottery Funds Were Dispersed to Education 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 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 Public Schools Classrooms First & CSR Construction Community Colleges State Universities State Other 23
Orange County Public Schools Estimated Revenues by Source Federal, 0.42% Local, 47.51% State, 52.07% 24
Orange County Public Schools Appropriations 25
Orange County Public Schools Priorities • Compensation • Summer guidance MS & K8 • 1 CC Coach per HS • Digital curriculum 26
Orange County Public Schools Other Budget Items • Health insurance (no increase) • Adding Tele-Med in October • Additional period in reading for lowest 300 schools statewide ($5m) • Digital classroom supplemental allocation increase ($400K) • Continue progress towards new SIS and LMS • Decrease in diesel costs ($3.6m) 27
Orange County Public Schools General Fund Budgeted Appropriations by Function 80.0% 70.0% 60.0% 50.0% 2013-14 2014-15 40.0% 2015-16 2016-17 30.0% 20.0% 10.0% 0.0% Instr. & Instr School Plant Operation Transportation General Support General Admin. Community & Support Administration & Maint. & Board Debt Serv. 28
Orange County Public Schools Capital Projects Fund 29
Orange County Public Schools Capital Projects Fund • Budget – $1,683,423,798 • Primary revenue sources – sales surtax, property tax, impact fee • Minimal state support • Primary uses are for comprehensive renovations, new schools, capital renewal, and debt service & operations 30
Orange County Public Schools Budgeted Capital Revenues by Source 600.00 500.00 400.00 Other State In Millions PECO 300.00 Other Local Sales Taxes Impact Fees 200.00 Property Taxes 100.00 - 2017 2018 2019 2020 2021 Fiscal Year 31
Orange County Public Schools Capital Projects Use of Funds (Excluding Reserves) Ancillary Facilities 2.63% Buses & Equipment 2.11% Debt Service & Charter Schools 0.41% Ops 7.83% Districtwide Capital 17.61% Educational Tech Portables 1.60% 7.13% Safety Security Environ 1.15% Site Acquisition 5.91% Comprehensive Needs 35.38% Additional Schools 18.24% 32
Orange County Public Schools Five-Year New School Openings • 2016 Millennia Gardens Elementary • 2016 Bay Lake Elementary • 2016 Wedgefield School • 2017 131-PS8-SW-5 • 2017 21-M-E-2 • 2017 52-M-SE-2 • 2017 27-H-W-4 • 2017 44-E-SE-2 • 2017 84-E-W-4 • 2018 133-K8-N-6 33
Orange County Public Schools Five-Year New School Openings • 2019 37-M-W-4 • 2019 72-E-W-7 • 2019 25-E-SW-4 • 2020 114-E-W-4 • 2020 90-E-N-7 • 2020 20-E-SW-4 34
Orange County Public Schools FY2017 Comprehensive Projects - Construction • Dover Shores ES • Rock Lake ES • Cypress Park ES • Mollie Ray ES • Oak Hill ES • Ivey Lane ES • Lake Como/Kaley K-8 • Meadow Woods ES 35
Orange County Public Schools FY2017 Comprehensive Projects - Design • Pershing/Pine Castle K-8 • Pine Hills ES • Hillcrest ES • Frangus ES • Corner Lake MS • Maxey ES • Durrance ES • Hungerford ES • Union Park ES • Hidden Oaks ES 36
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