Leadership Orange Dale C. Kelly, CPA March 14, 2019 Chief - - PDF document
3/13/19 Leadership Orange Dale C. Kelly, CPA March 14, 2019 Chief Financial Officer Agenda Summary of Five Funds Florida Education Finance Program Funding Trends General Fund Sources and Uses Capital Projects Fund
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Dale C. Kelly, CPA Chief Financial Officer March 14, 2019
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Summary of Five Funds
Fund General Debt Service Capital Projects Special Revenue* Internal Service 2017-18 2,070,863,496 221,948,485 1,705,341,810 155,965,850 337,797,423 2018-19 2,150,793,740 222,532,629 1,858,305,493 169,957,186 336,472,194 Difference 79,930,244 584,144 152,963,683 13,991,336 (1,325,229) Totals 4,491,917,064 4,738,061,242 246,144,178
*Food Service only, other grant awards to be amended into budget as approved.
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Required Local Effort
$$$$ State Funding
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Required Local Effort
State Funding
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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 7,343.01 360.11 339.16 123.53 210.64 468.97 452.48 466.16 491.16 551.32 585.43 630.39 658.98
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 July 2017 July 2018
Budgeted Funding Per Student Second Calculation FEFP With CPI Comparison
State Fun ding Fede ral Stim ulu s Cr itical N eeds M illage Edu Jo bs On e M ill CP I $749 Less
9 Lottery Appropriations for Florida Reflects How Lottery Funds Were Dispersed to Education
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%
Public Schools Class rooms First & CSR Construction Community Colleges State Univ ersities State Other
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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
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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 Percent Fiscal Year End
Percentage of State General Revenue Going to Education
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Federal, 0.71% State, 51.93% Local, 47.36%
Estimated Revenues by Source
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General Fund Budgeted Appropriations by Function
80.0% 70.0% 60.0% 50.0%
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6 20 16
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40.0%
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8 20 18
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30.0% 20.0% 10.0% 0.0%
Plant Ope ration & Transportation Gener al Supp ort Gener al Admin.& Community & De bt Maint. Boa rd Serv.
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In Millions
Budgeted Capital Revenues by Source
700.00 600.00 500.00 400.00 300.00 200.00 100.00
2023
Other S ta te PECO Other Loca l Sa les Ta xes Impact Fees Pr
Tax es
Districtwide Capital 23.28% Comprehensive Needs 34.91% Additional Schools 13.00% Site Acquisition 5.30% Safety Security Environ 1.85% Portables 2.86% Educational Tech 5.49% Charter Schools 0.54% Buses & Equipment 2.26% Debt Service & Ops 8.36% 2019 2020 2021 Fiscal Year
Capital Projects Use of Funds
(Excluding Reserves) Ancillary Facilities 2.15%
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achieves a high level of equalization
public education
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