Public Hearing FY 2019 Tentative Budget July 31, 2018 1 Orange - PowerPoint PPT Presentation

Orange County Public Schools Public Hearing FY 2019 Tentative Budget July 31, 2018 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 2018‐19 Tentative Budget and establishment of date for final hearing 2

Orange County Public Schools Property Taxes Residential Commercial Buildings 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 January 2018 200.0 180.0 160.0 140.0 120.0 In Billions 100.0 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 2022 2023 5

Orange County Public Schools Millage Rate Comparison Description 2017-18 2018-19 Change Required Local Effort 4.222 4.051 (0.171) Discretionary 0.748 0.748 - Additional Voted Millage 1.000 1.000 - Subtotal Operating 5.970 5.799 (0.171) Capital Projects 1.500 1.500 - Total Millage 7.470 7.299 (0.171) 6

Orange County Public Schools OCPS Millage Rates 10.00 9.00 Sp. Millage 8.00 1.0000 1.0000 1.0000 1.0000 Critical , 0.2500 1.0000 1.0000 7.00 Sp. Millage 1.0000 1.0000 6.00 5.425 Required 5.00 5.3960 5.2970 5.2300 5.2260 5.1140 4.9700 Local 4.5630 RLE 4.2220 Effort 4.0510 4.00 3.00 2.00 Cap Millage Cap. Millage 1.5000 1.5000 1.5000 1.5000 1.5000 1.5000 1.5000 1.5000 1.5000 1.5000 1.00 Disc Mill Disc. Mill 0.7480 0.7480 0.7480 0.7480 0.7480 0.7480 0.7480 0.7480 0.7480 0.7480 0.00 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 7

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 8

Orange County Public Schools Rolled‐Back Rate • Required Local Effort – 2.38% over the rolled‐ back rate • Total Millage – 4.25% over the rolled‐back rate 9

Orange County Public Schools Homeowner Impact with Save Our Homes Home Just Value Prior Year $ 182,689 Less Homestead Exemption $ 25,000 Taxable Value Prior Year $ 157,689 Taxes Paid Prior Year $ 1,178 Home Just Value Current Year $ 186,000 Less Homestead Exemption $ 25,000 Taxable Value Current Year $ 161,000 Taxes Proposed Current Year $ 1,175 Net Change in Taxes $ (3) 10

Orange County Public Schools Commercial Owner Impact Property Just Value Prior Year $ 937,207 Less Homestead Exemption $ ‐ Taxable Value Prior Year $ 937,207 Taxes Paid Prior Year $ 7,001 Property Just Value Current Year $ 1,000,000 Less Homestead Exemption $ ‐ Taxable Value Current Year $ 1,000,000 Taxes Proposed Current Year $ 7,299 Net Change in Taxes $ 298 11

Orange County Public Schools Proposed Annual Budget 2018‐19 12

Orange County Public Schools Timeline of Budget Process • Community input and legislative priorities – Fall • Governor’s Budget – November • Final EDR Forecast – January • Legislative Session – January through March • Budget Committee meetings – January through March • Initial school allocations – March • Board work sessions – March, May, and June • Proposed millage and budget advertised – July 29 • Public hearing – July 31 • Public hearing – September 11 13

Orange County Public Schools Budget Summary • 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 14

Orange County Public Schools Summary of Five Funds Fund 2017‐18 2018‐19 Difference General 2,070,863,496 2,158,431,891 87,568,395 Debt Service 221,948,485 222,036,313 87,828 Capital Projects* 1,705,341,810 1,043,012,025 (662,329,785) Special Revenue** 155,965,850 167,105,665 11,139,815 Internal Service 337,797,423 336,015,721 (1,781,702) Totals 4,491,917,064 3,926,601,615 (565,315,449) *Includes carry‐over projects for 2017‐18 only. **Food Service only, other grant awards to be amended into budget as approved. 15

Orange County Public Schools General Fund 16

Orange County Public Schools General Fund • Budget – $2,158,431,891 • 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 17

Orange County Public Schools Estimated Revenue 18

Orange County Public Schools FTE Actual and Forecast 250,000 240,000 230,000 220,000 210,000 200,000 190,000 180,000 170,000 160,000 150,000 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

Orange County Public Schools Total State Appropriations (All Funds) 45% 40% 35% 30% 25% 20% 15% 2015‐16 2016‐17 10% 2017‐18 5% 2018‐19 0% 20

Orange County Public Schools Education Appropriations (All Funds) 70% 60% 50% 40% 2015‐16 2016‐17 2017‐18 30% 2018‐19 20% 10% 0% Early Learning Public Schools Community Colleges Universities Other 21

Orange County Public Schools Budgeted Funding Per Student Second Calculation FEFP With CPI Comparison 9,000.00 8,500.00 $749 Less 8,000.00 658.98 630.39 7,500.00 585.43 551.32 491.16 7,343.01 7,000.00 466.16 7,309.24 7,231.06 123.53 7,120.32 360.11 468.97 7,057.07 339.16 452.48 6,988.29 6,500.00 6,883.27 6,735.24 210.64 6,530.42 6,447.36 6,346.25 6,228.17 6,000.00 July 2007 July 2008 July 2009 July 2010 July 2011 July 2012 July 2013 July 2014 July 2015 July 2016 July 2017 July 2018 State Funding Federal Stimulus Critical Needs Millage Edu Jobs One Mill CPI 22

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 18 19 Fiscal Year End 23

Orange County Public Schools Percentage of General Revenue to Public Schools 80 75 70 Percent 65 72.6 71.7 71.8 71.4 70.3 60 69.2 55 50 FY14 FY15 FY16 FY17 FY18 FY19 Fiscal Year End 24

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 18 19 Public Schools Classrooms First & CSR Construction Community Colleges State Universities State Other 25

Orange County Public Schools Estimated Revenues by Source Federal, 0.62% Local, 47.36% State, 51.93% 26

Orange County Public Schools Appropriations 27

Orange County Public Schools Priorities • Compensation to employees • Increase School Resource Officers • Increase safety measures • Increase Mental Health support • Preserve academic programs • Retain highly qualified teachers • Protect arts, athletics, and student activities 28

Orange County Public Schools Other Budget Items • Health insurance‐no increase • Florida Retirement System rate increases • Professional development days • Continue progress towards new SIS 29

Orange County Public Schools General Fund Budgeted Appropriations by Function 80.0% 70.0% 60.0% 50.0% 2015-16 2016-17 40.0% 2017-18 2018-19 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. 30

Orange County Public Schools Capital Projects Fund 31

Orange County Public Schools Capital Projects Fund • Budget – $1,043,012,025 • 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 32

Orange County Public Schools Budgeted Capital Revenues by Source 700.00 600.00 500.00 400.00 Other State In Millions PECO Other Local 300.00 Sales Taxes Impact Fees Property Taxes 200.00 100.00 ‐ 2019 2020 2021 2022 2023 Fiscal Year 33

Orange County Public Schools Capital Projects Use of Funds (Excluding Reserves) Districtwide Capital Debt Service & Ops Ancillary Facilities 0.72% 18.08% 20.32% Buses & Equipment 3.03% Charter Schools 1.32% Portables 5.68% Educational Tech 1.03% Comprehensive Needs 36.28% Safety Security Additional Schools Environ 1.66% 10.43% Site Acquisition 1.45% 34