public hearing fy 2019 tentative budget€¦ · • proposed millage and budget advertised – july...
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![Page 1: Public Hearing FY 2019 Tentative Budget€¦ · • Proposed millage and budget advertised – July 29 • Public hearing – July 31 • Public hearing – September 11. Orange County](https://reader035.vdocuments.mx/reader035/viewer/2022070918/5fb84c72c2839e5b876f9468/html5/thumbnails/1.jpg)
Orange County Public Schools
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Public HearingFY 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
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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 B
illio
nsEDR Estimates
Orange Taxable Valuesas of January 2018
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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. Mill0.74800.74800.74800.74800.74800.74800.74800.74800.7480Disc Mill
0.7480
Cap. Millage1.50001.50001.50001.50001.50001.50001.50001.50001.5000Cap Millage
1.5000
RLE4.0510
4.22204.56304.97005.22605.11405.23005.29705.3960
5.425Required
LocalEffort
Critical, 0.2500
Sp. Millage1.0000
1.00001.0000
1.00001.00001.00001.0000
Sp. Millage1.0000
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
10.00
FY19FY18FY17FY16FY15FY14FY13FY12FY11FY10
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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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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 Impactwith 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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Commercial Owner ImpactProperty 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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Proposed Annual Budget2018-19
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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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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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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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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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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
19
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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
20
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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 StudentSecond Calculation FEFP
With CPI Comparison
State Funding Federal Stimulus Critical Needs Millage Edu Jobs One Mill CPI
$749Less
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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
Perc
ent
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 71.469.2 70.3
50
55
60
65
70
75
80
FY14 FY15 FY16 FY17 FY18 FY19
Perc
ent
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 FloridaReflects How Lottery Funds Were Dispersed to Education
Public Schools Classrooms First & CSR Construction Community Colleges State Universities State Other
25
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Federal, 0.62%
State, 51.93%
Local, 47.36%
Estimated Revenues by Source
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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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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. & InstrSupport
SchoolAdministration
Plant Operation& Maint.
Transportation General Support General Admin.& Board
Community &Debt Serv.
General FundBudgeted Appropriations by Function
2015-162016-172017-182018-19
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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 M
illio
ns
Fiscal Year
Budgeted Capital Revenues by Source
Other State
PECO
Other Local
Sales Taxes
Impact Fees
Property Taxes
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Districtwide Capital18.08%
Comprehensive Needs36.28%
Additional Schools10.43%
Site Acquisition 1.45%
Safety Security Environ 1.66%
Portables 5.68%Educational Tech 1.03%
Charter Schools 1.32%
Buses & Equipment3.03%
Ancillary Facilities 0.72% Debt Service & Ops20.32%
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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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
only, 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 FundEmployee 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 FundProperty 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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48
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