Public Hearing FY 2018 Final Budget September 12, 2017 1 Orange - - PowerPoint PPT Presentation

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Public Hearing FY 2018 Final Budget September 12, 2017 1 Orange - - PowerPoint PPT Presentation

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Orange County Public Schools Public Hearing FY 2018 Final Budget September 12, 2017 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 2018 Final Budget

September 12, 2017

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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 2017-18 Final Budget

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Orange County Public Schools

Property Taxes

Residential

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Commercial Buildings

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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

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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

20002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022 In Billions

EDR Estimates Orange Taxable Values as of March 2017

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Orange County Public Schools

Millage Rate Comparison

Description 2016-17 2017-18 Change Required Local Effort 4.563 4.222 (0.341) Discretionary 0.748 0.748

  • Additional Voted Millage

1.000 1.000

  • Subtotal Operating

6.311 5.970 (0.341) Capital Projects 1.500 1.500

  • Total Millage

7.811 7.470 (0.341)

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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 – 1.21% under the

rolled-back rate

  • Total Millage – 2.11% over the rolled-back rate

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Orange County Public Schools

Homeowner Impact

with Save Our Homes

Home Just Value Prior Year $ 157,223 Less Homestead Exemption $ 25,000 Taxable Value Prior Year $ 132,223 Taxes Paid Prior Year $ 1,033 Home Just Value Current Year $ 160,000 Less Homestead Exemption $ 25,000 Taxable Value Current Year $ 135,000 Taxes Proposed Current Year $ 1,008 Net Change in Taxes $ (25)

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Orange County Public Schools

Commercial Owner Impact

Property Just Value Prior Year $ 936,593 Less Homestead Exemption $ - Taxable Value Prior Year $ 936,593 Taxes Paid Prior Year $ 7,316 Property Just Value Current Year $ 1,000,000 Less Homestead Exemption $ - Taxable Value Current Year $ 1,000,000 Taxes Proposed Current Year $ 7,470 Net Change in Taxes $ 154

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Orange County Public Schools

Proposed Annual Budget 2017-18

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Orange County Public Schools

Timeline of Budget Process

  • Community input and legislative priorities – Fall
  • Governor’s Budget – January
  • Final EDR Forecast – March
  • Legislative Session – March through May
  • Budget Committee meetings – February through May
  • Initial school allocations – March
  • Board work sessions – March, May, and June
  • Special Session – June 7-9
  • Proposed millage and budget advertised – July 23
  • Public hearing – July 25
  • Public hearing – September 12

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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 2016-17 2017-18 Difference General 2,027,853,542 2,070,863,496 43,009,954 Debt Service 216,208,308 221,948,485 5,740,177 Capital Projects 1,683,423,798 1,705,341,810 21,918,012 Special Revenue* 135,139,583 155,965,850 20,826,267 Internal Service 315,878,481 337,797,423 21,918,942 Totals 4,378,503,712 4,491,917,064 113,413,352

*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 – $2,070,863,496
  • 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

150,000 155,000 160,000 165,000 170,000 175,000 180,000 185,000 190,000 195,000 200,000 205,000

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

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)

2014-15 2015-16 2016-17 2017-18

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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)

2014-15 2015-16 2016-17 2017-18

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Orange County Public Schools

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 7,231.06 360.11 339.16 123.53

  • 210.64

468.97 452.48 466.16 491.16 551.32 585.43 630.39 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

Budgeted Funding Per Student Second Calculation FEFP With CPI Comparison

Special Millage Edu Jobs Critical Needs Millage Federal Stimulus Regular Funding

$692 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 Percent Fiscal Year End

Percentage of State General Revenue Going to Education

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Orange County Public Schools

72.6 71.7 71.8 71.4 69.2

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

Percent Fiscal Year End

Percentage of General Revenue for Education to Public Schools

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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

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, 0.65% State, 52.11% Local, 47.24%

Estimated Revenues by Source

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Orange County Public Schools

Appropriations

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Orange County Public Schools

Priorities

  • Compensation to employees
  • Preserving academic programs
  • Retain highly qualified teachers
  • Protect arts, athletics, and student activities

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Orange County Public Schools

Other Budget Items

  • Health insurance
  • Florida Retirement System rate increases ($3.6m)
  • Carver Middle School Pilot (non-recurring)
  • Professional development (non-recurring)
  • Continue progress towards new SIS and LMS

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Orange County Public Schools

30 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

2014-15 2015-16 2016-17 2017-18

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Orange County Public Schools

Capital Projects Fund

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Orange County Public Schools

Capital Projects Fund

  • Budget – $1,705,341,810
  • 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 2018 2019 2020 2021 2022 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

34 Districtwide Capital 20.50% Comprehensive Needs 34.22% Additional Schools 10.63% Site Acquisition 5.95% Safety Security Environ 1.64% Portables 2.03% Educational Tech 10.07% Charter Schools 0.58% Buses & Equipment 2.29% Ancillary Facilities 2.73% Debt Service & Ops 9.36%

Capital Projects Use of Funds

(Excluding Reserves)

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Orange County Public Schools

Five-Year New School Openings

  • 2017 OCPS Academic Center for Excellence
  • 2017 Innovation MS
  • 2017 Timber Springs MS
  • 2017 Windermere HS
  • 2017 Laureate Park ES
  • 2017 Westpointe ES
  • 2018 133-K8-N-6

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Orange County Public Schools

Five-Year New School Openings

  • 2019 37-M-SW-4
  • 2019 25-E-SW-4
  • 2019 49-E-W-4
  • 2020 20-E-SW-4
  • 2020 118-E-SW-5
  • 2021 90-E-N-7

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Orange County Public Schools

FY2018 Comprehensive Projects - Construction

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

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Orange County Public Schools

FY2018 Comprehensive Projects - Design

  • Southwest MS
  • Magnolia School

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Orange County Public Schools

Other FY18 Appropriations

  • Rubberized tracks at High Schools - $2.0m
  • Digital curriculum expansion - $102.2m
  • Site acquisition for future projects - $65.2m
  • School bus replacement - $25.1m
  • Portable moves and leasing - $22.2m
  • Charter school capital funding - $6.4m
  • District-wide painting - $8.1m

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Orange County Public Schools

Debt Service Fund

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Orange County Public Schools

Debt Service Fund

  • Budget - $221,948,485
  • 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 – $155,965,850
  • 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 2017-18

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 – $337,797,423
  • 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 – $291,505,721
  • 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

  • 3.6% increase in board contributions

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Orange County Public Schools

Internal Service Fund

Property Casualty Fund

  • Budget – $38,846,011
  • Property, Liability and Worker’s Comp Claims
  • Funded through charges to other budgets

Printing Services

  • Budget – $7,445,691
  • 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 2017-18 Budget

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