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SCHOOL DISTRICT OF ESCAMBIA COUNTY

SCHOOL DISTRICT OF ESCAMBIA COUNTY. 2007 - 2008 BUDGET AND MILLAGE. THE SCHOOL DISTRICT’S MILLAGE IS COMPRISED OF:. General Fund Required Local Effort (determined by State) Basic Discretionary Supplemental Discretionary Capital Outlay Fund Capital Improvement Fund (2 Mill).

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SCHOOL DISTRICT OF ESCAMBIA COUNTY

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  1. SCHOOL DISTRICT OF ESCAMBIA COUNTY 2007 - 2008BUDGET AND MILLAGE

  2. THE SCHOOL DISTRICT’S MILLAGE IS COMPRISED OF: • General Fund • Required Local Effort (determined by State) • Basic Discretionary • Supplemental Discretionary • Capital Outlay Fund • Capital Improvement Fund (2 Mill)

  3. 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 .04% less than the rolled back rate.

  4. BUDGET CYCLE

  5. DISTRICT SUMMARY BUDGET2007-2008 ANALYSIS BY FUND

  6. HOW DO WE COMPARE –2006-2007 VS 2007-2008 BUDGET

  7. GENERAL OPERATING FUND2007-2008 REVENUE

  8. GENERAL OPERATING FUND2007-2008 APPROPRIATIONS BY OBJECT

  9. GENERAL OPERATING FUND • 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 $354,668,949.49

  10. SPECIAL REVENUE FUND • THIS FUND IS USED TO ACCOUNT FOR FEDERAL GRANT PROGRAMS AND THE SCHOOL FOOD SERVICE PROGRAM: • Food Service $24,613,608.84 • Federal $33,714,392.08(New grants are budgeted as received)

  11. DEBT SERVICE FUND • 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 $11,054,602.61

  12. CAPITAL OUTLAY FUND • THIS FUND IS USED FOR EDUCATIONAL CAPITAL OUTLAY NEEDS: • Acquisition - Facilities & Land • Construction & Renovation - Facilities • Acquisition - Major Equipment • TOTAL BUDGET $159,479,798.49

  13. INTERNAL SERVICE FUND • THIS FUND IS PRIMARILY USED TO ACCOUNT FOR THE BOARD’S SELF-INSURANCE PROGRAMS, THE FINANCIAL RESOURCES OF THE P.M.D.N. FOR WHICH THE BOARD IS A FISCAL AGENT, LIFE INSURANCE AND THE WAREHOUSE OPERATIONS: • Auto & General Liability / Worker’s Comp. $ 6,908,300.00 • Dental / Health / Life 59,595,400.00 • Panhandle Mgt. Dev Network12,755.00 • Warehouse Operations 1,052,000.00 • TOTAL BUDGET $67,568,455.00

  14. BEGINNING FUND BALANCE

  15. UNRESERVED BEGINNING FUND BALANCE1995-1996 THROUGH 2007-2008

  16. PRE-K - 12 REGULAR TERM UNWEIGHTED FTEEXCLUDING SUMMER SCHOOL & ADULT1995-1996 THROUGH 2007-2008 Note: 2007-2008 is projected.

  17. TOTAL STATE & LOCAL FEFP$200,042,658

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