8 Public Hearing FY 2017 Final Budget September 13, 2016 1 - - PowerPoint PPT Presentation

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8 Public Hearing FY 2017 Final Budget September 13, 2016 1 - - PowerPoint PPT Presentation

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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 Superintendents comments Public

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Orange County Public Schools

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Public Hearing FY 2017 Final Budget

September 13, 2016

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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

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Orange County Public Schools

Property Taxes

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Residential

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Orange County Public Schools

Property Taxes

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  • 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
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Orange County Public Schools

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  • 20.0

40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0

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

EDR Estimates Orange Taxable Values as of August 2016

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Orange County Public Schools

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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)

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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

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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

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Orange County Public Schools

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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)

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Orange County Public Schools

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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

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Orange County Public Schools

Proposed Annual Budget 2016-17

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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

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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

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Orange County Public Schools

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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.

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Orange County Public Schools

General Fund

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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

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Orange County Public Schools

Estimated Revenue

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Orange County Public Schools

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155,000 160,000 165,000 170,000 175,000 180,000 185,000 190,000 195,000 200,000 205,000

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

FTE Actual and Forecast

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Orange County Public Schools

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0% 5% 10% 15% 20% 25% 30% 35% 40% 45%

Total State Appropriations (All Funds)

2013-14 2014-15 2015-16 2016-17

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Orange County Public Schools

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0% 10% 20% 30% 40% 50% 60% 70% Early Learning Public Schools Community Colleges Universities Other

Education Appropriations (All Funds)

2013-14 2014-15 2015-16 2016-17

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Orange County Public Schools

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7,309.23 6,988.29 6,530.42 6,447.36 6,228.17 6,346.25 6,735.24 6,883.27 7,057.07 7,120.32 360.11 339.16 123.53

  • 210.64

468.97 452.48 466.16 491.16 551.32 585.43 6,000.00 6,500.00 7,000.00 7,500.00 8,000.00 8,500.00 9,000.00 July 2007 July 2008 July 2009 July 2010 July 2011 July 2012 July 2013 July 2014 July 2015 July 2016

Budgeted Funding Per Student Second Calculation FEFP With CPI Comparison

Special Millage Edu Jobs Critical Needs Millage Federal Stimulus Regular Funding

$759 Less

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Orange County Public Schools

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 Percent Fiscal Year End

Percentage of State General Revenue Going to Education

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Orange County Public Schools

23 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

Lottery Appropriations for Florida Reflects How Lottery Funds Were Dispersed to Education

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

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Orange County Public Schools

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Federal, 0.42% State, 52.07% Local, 47.51%

Estimated Revenues by Source

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Orange County Public Schools

Appropriations

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Orange County Public Schools

Priorities

  • Compensation
  • Summer guidance MS & K8
  • 1 CC Coach per HS
  • Digital curriculum

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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)

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Orange County Public Schools

28 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 & Debt Serv.

General Fund Budgeted Appropriations by Function

2013-14 2014-15 2015-16 2016-17

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Orange County Public Schools

Capital Projects Fund

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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

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Orange County Public Schools

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  • 100.00

200.00 300.00 400.00 500.00 600.00 2017 2018 2019 2020 2021 In Millions Fiscal Year

Budgeted Capital Revenues by Source

Other State PECO Other Local Sales Taxes Impact Fees Property Taxes

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Orange County Public Schools

32 Districtwide Capital 17.61% Comprehensive Needs 35.38% Additional Schools 18.24% Site Acquisition 5.91% Safety Security Environ 1.15% Portables 1.60% Educational Tech 7.13% Charter Schools 0.41% Buses & Equipment 2.11% Ancillary Facilities 2.63% Debt Service & Ops 7.83%

Capital Projects Use of Funds

(Excluding Reserves)

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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

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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

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Orange County Public Schools

FY2017 Comprehensive Projects - Construction

  • Dover Shores ES
  • Cypress Park ES
  • Oak Hill ES
  • Lake Como/Kaley K-8
  • Rock Lake ES
  • Mollie Ray ES
  • Ivey Lane ES
  • Meadow Woods ES

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Orange County Public Schools

FY2017 Comprehensive Projects - Design

  • Pershing/Pine Castle K-8
  • Hillcrest ES
  • Corner Lake MS
  • Durrance ES
  • Union Park ES
  • Pine Hills ES
  • Frangus ES
  • Maxey ES
  • Hungerford ES
  • Hidden Oaks ES

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Orange County Public Schools

Other FY17 Appropriations

  • Capital Renewal- $193.5m
  • Digital curriculum expansion- $75.4m
  • Site acquisition for future projects- $71.6m
  • School bus replacement- $25.6m
  • Portable moves and leasing- $19.4m
  • Charter school capital funding- $5m
  • District-wide painting- $5.2m

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Orange County Public Schools

Debt Service Fund

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Orange County Public Schools

Debt Service Fund

  • Budget - $216,208,308
  • Accumulates resources to pay long-term debt
  • Primary Revenue Sources
  • State CO&DS Revenues
  • Transfer from Capital Projects Fund

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Orange County Public Schools

Special Revenue Fund

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Orange County Public Schools

Special Revenue

  • Budget – $135,139,583
  • Initial budget includes Food Service Program
  • nly, a self-supporting operation
  • Funding is primarily from Federal

reimbursement and USDA commodities, as well as local sales

  • Meal prices will increase slightly for 2016-17

Other Federal Grants will be amended into the budget as approved

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Orange County Public Schools

Internal Service Fund

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Orange County Public Schools

Internal Service Fund

  • Total budget – $315,878,481
  • Used to account for the district’s Employee

Benefit Trust Fund, Property Casualty Loss Fund, and Printing Services Fund

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Orange County Public Schools

Internal Service Fund

Employee Benefit Trust Fund

  • Budget – $272,075,297
  • Funded by Board contributions for employees

and deductions for employees and dependents

  • Medical claims payments and charges for

services

  • Plans modified to comply with Affordable Care

Act requirements

  • No increase in board contributions

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Orange County Public Schools

Internal Service Fund

Property Casualty Fund

  • Budget – $37,892,363
  • Property, Liability and Worker’s Comp Claims
  • Funded through charges to other budgets

Printing Services

  • Budget – $5,910,820
  • Funded through charge-backs to departments

and schools

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Orange County Public Schools

Remaining Actions

  • Superintendent’s comments
  • Public comments
  • Board discussion
  • Adoption of total millage
  • Adoption of 2016-17 Budget

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