SCHOOL DISTRICT OF ESCAMBIA COUNTY

1. 2009-2010 BUDGET & MILLAGE Laura Shaud Director, Budgeting SCHOOL DISTRICT OF ESCAMBIA COUNTY

2. WHAT DOES “ROLLED BACK RATE” MEAN? It is the millage rate that would generate the same ad valorem tax revenue as was levied in the prior year when applied to the current year certified taxable value (with certain exclusions). The current year total proposed millage rate is 2.91% less than the rolled back rate.

4. Required Local Effort (RLE) 5.612 • Discretionary – Operating 0.748 • Discretionary – Critical Operating Needs 0.250 • Discretionary – Local Capital Improvement 1.250 Total Proposed 2009-10 Millage7.860 MILLAGE RATES COMPONENTS OF DISTRICT LEVIED MILLAGE (NON-VOTED)

5. Rate Determined By • Required Local Effort (RLE) State • Discretionary – Operating School Board • Discretionary – Critical Operating Needs School Board • Discretionary – Local Capital Improvement School Board MILLAGE RATES

6. Fund • Required Local Effort (RLE) General • Discretionary – Operating General • Discretionary – Critical Operating Needs General • Discretionary – Local Capital Improvement Capital Outlay MILLAGE RATES

7. Dictated by Legislature & FLDOE in accordance with Section 1011.62,F.S. To receive the state portion of the FEFP formula and certain categoricals ($106,996,369), the District must levy 5.612 mills for 2009-10 RLE MILLAGE RATE

8. The RLE increased from 5.286 in 2008-09 to 5.612 in 2009-10, an increase of .326 mills RLE MILLAGE RATE

9. May be levied at discretion of District School Board in accordance with Section 1011.71,F.S. Revenue generated by this levy is equalized by state funding to assure that districts receive at least $446.68 per UWFTE (average $ per UWFTE statewide) DISCRETIONARY OPERATING MILLAGE RATE

10. Historically the District has levied the .510 mills allowable for discretionary basic millage and .250 mills allowable for discretionary supplemental millage For 2008-09 the District was limited to .498 mills basic discretionary and .250 discretionary supplemental for a total of .748 (Decrease of .012 mills was redirected by the State into RLE millage) For fiscal year 2009-10 the discretionary basic millage combined with the discretionary supplemental millage with a maximum of .748 mills. Both are now equalized to state average No change in combined millage for 2009-10 DISCRETIONARY OPERATING MILLAGE RATE

11. Failure to levy the .748 mills of discretionary operating allowed could cost the District up to $6,245,872 in equalization funds plus the reduction in tax revenues (all general fund unrestricted) DISCRETIONARY OPERATING MILLAGE RATE

12. Beginning with 2009-2010, Districts can levy an additional .250 mills for critical operating needs For 2009-2010 the proposed millage includes .250 mills as a critical operating needs levy Offset by a .250 mills reduction in Discretionary Local Capital Improvement Millage DISCRETIONARY CRITICAL OPERATING NEEDS

13. May be levied at the discretion of the District School Board in accordance with Section 1011.71,F.S. Historically the District has levied 2.0 mills For 2008-09, State restricted millage rate to maximum of 1.75 mills (decrease of .250 mills) Board further reduced the levy to 1.686 mills for 2008-09 For 2009-10 maximum allowable is 1.5 mills Proposed for 2009-10 is 1.25 mills DISCRETIONARY LOCAL CAPITAL IMPROVEMENT MILLAGE RATE

14. Failure to levy this rate would cost the District tax revenues that are used for the purchase of buses, computers and other equipment DISCRETIONARY LOCAL CAPITAL IMPROVEMENT MILLAGE RATE

15. Note: 2009-2010 FY based on tax roll as certified by Property Appraiser

18. EFFECT OF CHANGES IN TOTAL MILLAGE RATE(Based on $125,000 taxable value)* *With no change in taxable value from prior year.

22. 2009-2010 PROPOSED AD VALOREM TAX LEVIES BY FUND TOTAL $118,974,605

23. 2008-2009 FINAL AD VALOREM TAX LEVIES BY FUND TOTAL $121,209,691

24. BUDGET CYCLE

25. DISTRICT SUMMARY BUDGET2009-2010 ANALYSIS BY FUND

26. HOW DO WE COMPARE –2008-2009 VS 2009-2010 BUDGET

27. HOW DO WE COMPARE –2009-2010 TENTATIVE VS 2009-2010 PROPOSED BUDGET

28. GENERAL OPERATING FUND2009-2010 ESTIMATED REVENUE

29. WHERE DOES THE MONEY COME FROM?

30. GENERAL OPERATING FUND2009-2010 APPROPRIATIONS BY OBJECT

31. WHERE DOES THE MONEY GO?

32. THIS FUND IS USED FOR THE DAY-TO-DAY OPERATION OF THE SCHOOL SYSTEM. IT PAYS FOR THE MAJORITY OF: • Salaries and Fringe Benefits • Supplies and Materials • Textbooks • Transportation • Utilities • Other Expenditures (Fees, Agreements, Repairs, Equipment, Etc.) • TOTAL BUDGET $308,690,164.80 GENERAL OPERATING FUND

34. THIS FUND IS USED TO ACCOUNT FOR FEDERAL GRANT PROGRAMS, THE SCHOOL FOOD SERVICE PROGRAM AND THE FEDERAL STIMULUS FUNDS: • Food Service $25,006,253.14 • Federal$40,803,126.46(New grants are budgeted as received) • ARRA $34,021,648.00 SPECIAL REVENUE FUND

35. THIS FUND IS USED TO ACCOUNT FOR THE ACCUMULATION OF RESOURCES FOR, AND PAYMENT OF, GENERAL LONG-TERM DEBT PRINCIPAL, INTEREST, AND RELATED COST: • Certificates of Participation • Long-Term Leases • TOTAL BUDGET $11,367,225.49 DEBT SERVICE FUND

36. THIS FUND IS USED FOR EDUCATIONAL CAPITAL OUTLAY NEEDS: • Acquisition - Facilities & Land • Construction & Renovation - Facilities • Acquisition - Major Equipment • TOTAL BUDGET $131,306,909.37 CAPITAL OUTLAY FUND

37. THIS FUND IS PRIMARILY USED TO ACCOUNT FOR THE BOARD’S SELF-INSURANCE PROGRAMS, LIFE INSURANCE AND THE WAREHOUSE OPERATIONS: • Auto & General Liability / Worker’s Comp. $ 5,145,439.00 • Dental / Health / Life 54,695,045.37 • Warehouse Operations 962,550.00 • TOTAL BUDGET $60,803,034.37 INTERNAL SERVICE FUND

38. BEGINNING FUND BALANCE

39. UNRESERVED BEGINNING FUND BALANCE1995-1996 THROUGH 2009-2010

40. PRE-K - 12 REGULAR TERM UNWEIGHTED FTEEXCLUDING SUMMER SCHOOL & ADULT1997-1998 THROUGH 2009-2010 Projected