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

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

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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 Superintendents comments Public

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Orange County Public Schools

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Public Hearing FY 2019 Tentative Budget

July 31, 2018

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Orange County Public Schools

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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

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Orange County Public Schools

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Property Taxes

Residential Commercial Buildings

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Orange County Public Schools

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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
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Orange County Public Schools

‐ 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 200.0

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 In Billions

EDR Estimates Orange Taxable Values as of January 2018 5

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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)

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Orange County Public Schools

OCPS Millage Rates

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  • Disc. Mill

0.7480 0.7480 0.7480 0.7480 0.7480 0.7480 0.7480 0.7480 0.7480 Disc Mill 0.7480

  • Cap. Millage

1.5000 1.5000 1.5000 1.5000 1.5000 1.5000 1.5000 1.5000 1.5000 Cap Millage 1.5000

RLE 4.0510 4.2220 4.5630 4.9700 5.2260 5.1140 5.2300 5.2970 5.3960 5.425 Required Local Effort

Critical, 0.2500

  • Sp. Millage

1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000

  • Sp. Millage

1.0000

0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00 FY19 FY18 FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10

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Orange County Public Schools

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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

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Rolled‐Back Rate

  • Required Local Effort – 2.38% over the rolled‐

back rate

  • Total Millage – 4.25% over the rolled‐back rate
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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)

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Orange County Public Schools

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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

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Orange County Public Schools

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Proposed Annual Budget 2018‐19

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Orange County Public Schools

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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
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Orange County Public Schools

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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

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Orange County Public Schools

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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.

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Orange County Public Schools

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General Fund

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Orange County Public Schools

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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

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Orange County Public Schools

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Estimated Revenue

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Orange County Public Schools

150,000 160,000 170,000 180,000 190,000 200,000 210,000 220,000 230,000 240,000 250,000

07‐08 08‐09 09‐10 10‐11 11‐12 12‐13 13‐14 14‐15 15‐16 16‐17 17‐18 18‐19

FTE Actual and Forecast

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Orange County Public Schools

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

Total State Appropriations (All Funds)

2015‐16 2016‐17 2017‐18 2018‐19

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Orange County Public Schools

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

Education Appropriations (All Funds)

2015‐16 2016‐17 2017‐18 2018‐19

21

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Orange County Public Schools

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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 Funding Federal Stimulus Critical Needs Millage Edu Jobs One Mill CPI

$749 Less

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Orange County Public Schools

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 23

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Orange County Public Schools

72.6 71.7 71.8 71.4 69.2 70.3

50 55 60 65 70 75 80 FY14 FY15 FY16 FY17 FY18 FY19

Percent Fiscal Year End

Percentage of General Revenue to Public Schools 24

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Orange County Public Schools

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 18 19

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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Federal, 0.62% State, 51.93% Local, 47.36%

Estimated Revenues by Source

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Orange County Public Schools

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Appropriations

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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
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Orange County Public Schools

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Other Budget Items

  • Health insurance‐no increase
  • Florida Retirement System rate increases
  • Professional development days
  • Continue progress towards new SIS
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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

2015-16 2016-17 2017-18 2018-19

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Capital Projects Fund

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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

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‐ 100.00 200.00 300.00 400.00 500.00 600.00 700.00 2019 2020 2021 2022 2023 In Millions Fiscal Year

Budgeted Capital Revenues by Source

Other State PECO Other Local Sales Taxes Impact Fees Property Taxes

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Districtwide Capital 18.08% Comprehensive Needs 36.28% Additional Schools 10.43% Site Acquisition 1.45% Safety Security Environ 1.66% Portables 5.68% Educational Tech 1.03% Charter Schools 1.32% Buses & Equipment 3.03% Ancillary Facilities 0.72% Debt Service & Ops 20.32%

Capital Projects Use of Funds

(Excluding Reserves)

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Five‐Year New School Openings

  • 2018 Audubon Park School
  • 2019 37‐M‐SW‐4
  • 2019 25‐E‐SW‐4
  • 2019 49‐E‐W‐4
  • 2020 20‐E‐SW‐4
  • 2020 85‐E‐W‐4
  • 2020 83‐E‐SE‐2
  • 2020 118‐E‐SW‐5
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Five‐Year New School Openings

  • 2022 80‐H‐SW‐4
  • 2022 30‐E‐SE‐3
  • 2022 113‐H‐W‐4
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FY2019 Comprehensive Projects ‐ Construction

  • Southwest MS
  • Lake George ES
  • Magnolia School
  • Sunrise ES
  • Lake Gem ES
  • Deerwood ES
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FY2019 Comprehensive Projects ‐ Design

  • Rolling Hills ES
  • Winegard ES
  • Pinar ES
  • Meadow Woods MS
  • Orange Technical College – 4 Campuses
  • Acceleration Academy West
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Other FY19 Appropriations

  • Digital curriculum expansion‐ $40.2m
  • School bus replacement‐ $14.7m
  • Capital Renewal‐ $63.4m
  • Portable moves and leasing‐ $26.5m
  • Charter school capital funding‐ $6.4m
  • District‐wide painting‐ $5.8m
  • Sunshades‐ $4.5m
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Orange County Public Schools

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Debt Service Fund

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Debt Service Fund

  • Budget ‐ $222,036,313
  • Accumulates resources to pay long‐term debt
  • Primary Revenue Sources

‐State CO&DS Revenues ‐Transfer from Capital Projects Fund

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Special Revenue Fund

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Special Revenue

  • Budget – $167,105,665
  • 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 remain the same for 2018‐19

Other Federal Grants will be amended into the budget as approved

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Internal Service Fund

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Internal Service Fund

  • Total budget – $336,015,721
  • Used to account for the district’s Employee

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

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Internal Service Fund

Employee Benefit Trust Fund

  • Budget – $286,437,834
  • Funded by Board contributions for employees

and deductions for employees and dependents

  • Medical claims payments and charges for

services

  • Plans continue to comply with Affordable Care

Act requirements

  • No increase in board contributions
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Internal Service Fund

Property Casualty Fund

  • Budget – $41,351,099
  • Property, Liability and Worker’s Comp Claims
  • Funded through charges to other budgets

Printing Services

  • Budget – $8,226,787
  • Funded through charge‐backs to departments

and schools

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Remaining Actions

  • Superintendent’s comments
  • Public comments
  • Board discussion
  • Adoption of total millage
  • Adoption of 2018‐19 Tentative Budget and

establishment of date for final hearing