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 – Sources and Uses • Summary • Questions 2 1
3/13/19 Summary of Five Funds Fund 2017-18 2018-19 Difference General 2,070,863,496 2,150,793,740 79,930,244 Debt Service 221,948,485 222,532,629 584,144 Capital Projects 1,705,341,810 1,858,305,493 152,963,683 Special Revenue* 155,965,850 169,957,186 13,991,336 Internal Service 337,797,423 336,472,194 (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. 3 Florida Education Finance Program (FEFP) 4 2
3/13/19 Florida Education Finance Program – Base Formula Weighted FTE X Base Student Allocation X District Cost Differential = Gross State and Local FEFP – Required Local Effort = Net State FEFP 5 Florida Education Finance Program – Equalization Property Poor District $$$$$$ Gross FEFP - $$ Required Local Effort $$$$ State Funding 6 3
3/13/19 Florida Education Finance Program – Equalization Property Rich District $$$$$$ Gross FEFP - $$$$ Required Local Effort $$ State Funding 7 Funding Trends 8 4
3/13/19 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 7,343.01 7,309.24 491.16 7,231.06 7,000.00 7,120.32 466.16 7,057.07 123.53 6,988.29 6,883.27 360.11 468.97 339.16 6,735.24 452.48 6,500.00 6,530.42 210.64 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 Fun ding Fede ral Stim ulu s Cr itical N eeds M illage Edu Jo bs On e M ill CP I 9 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 Class rooms First & CSR Construction Community Colleges State Univ ersities State Other 10 5
3/13/19 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 11 General Fund 12 6
3/13/19 Estimated Revenues by Source Federal, 0.71% Local, 47.36% State, 51.93% 13 General Fund Budgeted Appropriations by Function 80.0% 70.0% 60.0% 50.0% 20 15 -1 6 20 16 -1 7 40.0% 20 17 -1 8 20 18 -1 9 30.0% 20.0% 10.0% 0.0% Instr. & Instr Support School Administration Plant Ope ration & Transportation Gener al Supp ort Gener al Admin.& Community & De bt Maint. Boa rd Serv. 14 7
3/13/19 School Allocation Factors • Student enrollment • Programs – Basic, ESE, ELL, Career/Technical • Class Size Reduction (CSR) compliance • Small school • Academically fragile • Socioeconomic status of parents 15 Capital Projects Fund 16 8
3/13/19 Budgeted Capital Revenues by Source 700.00 600.00 500.00 400.00 Other S ta te In Millions PECO Other Loca l 300.00 Sa les Ta xes Impact Fees Pr operty Tax es 200.00 100.00 - 2019 2020 2021 2022 2023 Fiscal Year 17 Capital Projects Use of Funds (Excluding Reserves) Ancillary Facilities 2.15% Buses & Equipment 2.26% Debt Service & Ops 8.36% Charter Schools 0.54% Educational Tech 5.49% Portables 2.86% Districtwide Capital 23.28% Safety Security Environ 1.85% Site Acquisition 5.30% Additional Schools 13.00% Comprehensive Needs 34.91% 18 9
3/13/19 Summary • Primary funding source for operations is the FEFP which achieves a high level of equalization • Funding is recovering at a slow pace • Appropriations are focused on student learning • Capital funding is primarily from local sources • Local taxpayers are to be commended for commitment to public education 19 Questions 20 10
Recommend
More recommend
