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

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 • Superintendent’s comments • Public comments • Board discussion • Adoption of total millage • Adoption of 2017-18 Final Budget 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 March 2017 180.0 160.0 140.0 120.0 100.0 In Billions 80.0 60.0 40.0 20.0 - 20002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022 5

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) 6

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 7

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 8

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) 9

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 10

Orange County Public Schools Proposed Annual Budget 2017-18 11

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 12

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 13

Orange County Public Schools 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. 14

Orange County Public Schools General Fund 15

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 16

Orange County Public Schools Estimated Revenue 17

Orange County Public Schools FTE Actual and Forecast 205,000 200,000 195,000 190,000 185,000 180,000 175,000 170,000 165,000 160,000 155,000 150,000 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18

Orange County Public Schools Total State Appropriations (All Funds) 45% 40% 35% 30% 25% 20% 15% 2014-15 10% 2015-16 2016-17 5% 2017-18 0% 20

Orange County Public Schools Education Appropriations (All Funds) 70% 60% 50% 40% 2014-15 2015-16 2016-17 30% 2017-18 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 $692 Less 8,000.00 Special Millage 630.39 7,500.00 Edu Jobs 551.32 585.43 Critical Needs 491.16 7,000.00 Millage 466.16 7,231.06 Federal Stimulus 123.53 7,120.32 360.11 339.16 7,057.07 468.97 7,309.23 Regular Funding 452.48 6,883.27 6,500.00 6,988.29 6,735.24 210.64 6,530.42 - 6,346.25 6,447.36 6,228.17 6,000.00 July July July July July July July July July July July 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 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 Fiscal Year End 23

Orange County Public Schools Percentage of General Revenue for Education to Public Schools 80 75 70 Percent 65 72.6 71.8 71.7 71.4 60 69.2 55 50 FY14 FY15 FY16 FY17 FY18 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 Public Schools Classrooms First & CSR Construction Community Colleges State Universities State Other 25

Orange County Public Schools Estimated Revenues by Source Federal, 0.65% Local, 47.24% State, 52.11% 26

Orange County Public Schools Appropriations 27

Orange County Public Schools Priorities • Compensation to employees • Preserving academic programs • Retain highly qualified teachers • Protect arts, athletics, and student activities 28

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 29

Orange County Public Schools General Fund Budgeted Appropriations by Function 80.0% 70.0% 60.0% 50.0% 2014-15 2015-16 40.0% 2016-17 2017-18 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 – $1,705,341,810 • 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 32

Orange County Public Schools Budgeted Capital Revenues by Source 600.00 500.00 400.00 Other State In Millions PECO 300.00 Other Local Sales Taxes Impact Fees 200.00 Property Taxes 100.00 - 2018 2019 2020 2021 2022 Fiscal Year 33

Orange County Public Schools Capital Projects Use of Funds (Excluding Reserves) Ancillary Facilities 2.73% Debt Service & Buses & Equipment 2.29% Ops 9.36% Charter Schools 0.58% Districtwide Capital 20.50% Educational Tech 10.07% Portables 2.03% Safety Security Environ Site Acquisition Comprehensive Needs 1.64% 5.95% 34.22% Additional Schools 10.63% 34

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 35

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 36

Orange County Public Schools FY2018 Comprehensive Projects - Construction • Hillcrest ES • Maxey ES • Frangus ES • Hungerford ES • Union Park ES • Pershing/Pine Castle K-8 • Pine Hills ES • Corner Lake MS • Hidden Oaks ES 37

Orange County Public Schools FY2018 Comprehensive Projects - Design • Southwest MS • Magnolia School 38