THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FLORIDA

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1 THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FLORIDA EXECUTIVE SUMMARY OF THE BUDGET (ALL FUNDS) SUBMITTED FOR TENTATIVE ADOPTION Robert M. Avossa, Ed.D., Superintendent July 27, 2016

2 THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FLORIDA EXECUTIVE SUMMARY OF THE BUDGET (ALL FUNDS) BOARD MEMBERS Chuck Shaw, Chairman Frank A. Barbieri, Jr., Esq., Vice Chairman Marcia Andrews Karen M. Brill Debra L. Robinson, M.D. Erica Whitfield ISSUED BY Robert M. Avossa, Ed.D., Superintendent Michael J. Burke, Chief Financial Officer PREPARED BY Heather Knust, CPA, Budget Director SUBMITTED FOR TENTATIVE ADOPTION JULY 27, 2016

3 T A B L E O F C O N T E N T S Transmittal Letter... 1 GFOA Award... 6 Strategic Plan Millage and Property Taxes Comparison of Millage Rates... 9 Comparison of Millage to the Rolled Back Rate Comparison of Palm Beach County Gross Taxable Value Comparison of Homeowner Property Taxes Millage Rates & Homeowner Property Taxes - 5 Year History Comparison of Budget - All Funds Board Agenda Items and Summary Budget Millage and Tentative Budget District Summary Budget Certification of School Taxable Value TRIM (Truth in Millage) Advertisements Budget Adoption Calendar Notice of Proposed Tax Increase Notice of Tax for School Capital Outlay Budget Summary i

4 T A B L E O F C O N T E N T S General Fund Revenue and Appropriations Florida Education Finance Program Detail All Revenue Fiscal Years 2013 to General Fund Budget Fiscal Years 2014 to General Fund Appropriations and FTE District K-12 School Appropriations by Function and Program Comparison of FY2016 to FY Definition of Functions and Explanation of Variances Capital Projects Funds Revenue and Appropriations Special Revenue Funds Special Revenue - Food Service Special Revenue - Other Debt Service Funds Internal Service Funds ii

5 THE SCHOOL DISTRICT OF ROBERT M. AVOSSA, ED.D. CHUCK SHAW PALM BEACH COUNTY, FL SUPERINTENDENT CHAIRMAN OFFICE OF THE SUPERINTENDENT FRANK A. BARBIERI, JR., ESQ FOREST HILL BOULEVARD, C-316 VICE-CHAIRMAN WEST PALM BEACH, FL MARCIA ANDREWS PHONE: / FAX: KAREN M. BRILL DEBRA ROBINSON, M.D. ERICA WHITFIELD July 27, 2016 Chuck Shaw, Chairman, District #2 Frank A. Barbieri, Jr., Esq., Vice-Chairman, District #5 Marcia Andrews, Board Member, District #6 Karen M. Brill, Board Member, District #3 Debra Robinson, M.D., Board Member, District #7 Erica Whitfield, Board Member, District # Forest Hill Boulevard, Suite C-316 West Palm Beach, FL Dear Chairman Shaw and Members of the School Board: Submitted for your consideration and adoption are the FY17 proposed budget for the School District of Palm Beach County (the District ) and millage for tax year The proposed FY17 budget is balanced and totals $2,416,674,882 for all funds. The District released a dynamic Five-Year Strategic Plan in February, 2016, that is based upon extensive input from the Palm Beach County Community, gathered through open community meetings, surveys, and feedback sessions. The plan identifies four interdependent, essential, long-term outcomes which will serve as indicators to measure the progress of the School Board toward delivering the education system and public school experience that Palm Beach County deserves. The long-term outcomes are supported by four strategic themes, with defined objectives and strategic initiatives that will be phased in over the next few years. Long-term Outcome 1: Increase reading on grade level by 3 rd grade A student s 3 rd grade reading level is an early predictor of future academic success. Long-term Outcome 2: Ensure high school readiness Aspects of academic achievement, student behavior, and school engagement are early warning indicators for 8 th grade to determine if our students are high school ready. Long-term Outcome 3: Increase the high school graduation rate The US Census Bureau estimates that high school dropouts earn 33% less than the average graduate and are twice as likely to live in poverty from ages 18 to 24 ( Long-term Outcome 4: Foster post-graduate success Post-graduate success in our modern world is no longer solely defined as attending a college or university. The School District of Palm Beach County A Top-Rated District by the Florida Department of Education Since 2005 An Equal Education Opportunity Provider and Employer Page 1

6 Page 2 of 4 July 27, 2016 FY17 TENTATIVE BUDGET Accomplishing this plan will take the commitment and focus of all stakeholders. The District s revenues are determined in large part by the Florida Legislature and Governor. Funding per student is set as part of the State s annual budget approval. Local school board taxing authority is also governed at the Required Local Effort (RLE) and through statutory caps that limit the remaining components of the school levy. The FY17 state budget provided Florida school districts with a 1% increase in funding per student for operating costs compared to 3% in the FY16 state budget. The 1% increase is only $35.70 or 0.5% more per unweighted full-time equivalent student (UFTE) as compared to FY08, not adjusting for inflation. The increase for Palm Beach is slightly higher due to categorical adjustments and local tax levies. It is no surprise that Florida continues to rank in the bottom quartile of the nation in terms of education funding. Although the State economy continues to improve, funding for K-12 education is not expected to grow proportionally due to competition with other budget drivers including tax cuts, Medicaid and higher education. With limited new funds allocated by the state, the primary goal of this, and future budget cycles, is to optimize existing resources. The District partnered with Educational Resource Strategies (ERS) to perform a comprehensive ten-month review of how we allocate our resources people, time, and money. The findings from ERS helped to shape the FY17 budget, which redirects $14.75 million across all funds to schools and instructional teaching positions, employee raises, increased benefit costs, and strategic initiatives through four key shifts: 1. Increasing the Title allocation to schools $5.5 million by reducing central administration costs while, at the same time, lowering the principal supervisors ratio in line with best practice to provide increased support to principals. (Strategic Theme 1: Effective and relevant instruction to meet the needs of all students; Strategic Theme 2: Positive and Supportive School Climate; and Strategic Theme 3: Talent Development.) 2. Adding 49 dual-language English for Speakers of Other Languages (ESOL) teachers totaling $3.25 million by changing the non-instructional ESOL staff allocation for Community Language Facilitators (CLF) and the elementary school allocation. (Strategic Theme 1: Effective and relevant instruction to meet the needs of all students.) 3. Reducing extended day provision to 30 minutes in line with state mandate - The District has been providing 30 minutes beyond the state mandate. This change frees up $4.5 million to fund strategic initiatives including the expansion of the AVID College Readiness Program (Strategic Theme 1: Effective and relevant instruction to meet the needs of all students.) and helps to establish a reserve for employee salary considerations (Strategic Theme 4: High-Performance Culture.) 4. Centralizing the purchase of adaptive diagnostics to be used District-wide, freeing up to $1.5 million in school budgets. (Strategic Theme 1: Effective and relevant instruction to meet the needs of all students.) The FY17 budget includes a salary reserve of $13.0 million or 1.4%. Nearly equal to the lower than expected increase in state funding. (Strategic Theme 4: High-Performance Culture.) While the District recognizes the worth and value of its employees, a salary reserve of more than the increase in state funding is not sustainable or fiscally prudent. The District will continue to closely monitor factors that impact the amount available for salary increases such as actual enrollment growth District-wide compared to growth in District schools. If enrollment at District schools continues to grow, as occurred the past two years, additional funds may become available. The FY16 yearend general fund balance is currently budgeted to remain unchanged at $117.1 million, but may increase after the year-end financial close-out is completed. The School District of Palm Beach County A Top-Rated District by the Florida Department of Education Since 2005 An Equal Education Opportunity Provider and Employer Page 2

7 Page 3 of 4 July 27, 2016 FY17 TENTATIVE BUDGET Board Contingency Reserve Board contingency has increased $1.1 million for a total reserve of $51.1 million to be in compliance with Board Policy 2.55 which requires a reserve of 3% of total general fund appropriations. Enrollment Trends District-wide enrollment is projected to increase 1,606 students to 187,935 FTE. Charter schools are expected to absorb a majority of the increase and grow to 21,911 students, nearly 12% of the District s total enrollment. As a result, the Florida Education Finance Program (FEFP) revenue passed through to charter schools for FY16 is expected to reach $160.5 million, an increase of $10.8 million. Referendum Districts throughout Florida have been hard-hit by the reduction in local capital outlay taxing authority and the decline in property values. While property values continue to recover, the 2008 and 2009 Florida Legislature reduced the capital millage authority of local school boards by 25%. Over time, the substantial loss of capital revenue has crippled the ability of school districts to meet school facility maintenance, classroom technology, and bus fleet demands. The postponement of action, particularly with regard to building maintenance, has exacerbated the problems. We are again unable to present a balanced Capital Budget that meets basic needs. Each year these needs are postponed puts the District in a deeper hole as deferred maintenance projects, unmet technology needs, and school bus replacement becomes more expensive and more critical. The Board recognized the need and is placing a question on the November 8 ballot proposing a one-penny Local Government Infrastructure Surtax jointly with the county and municipalities. The total amount projected to be generated for the District is $1.345 billion over the proposed 10-year duration of the surtax. The surtax will be allocated 50% to the District, 30% to the county and 20% to municipalities. The District s 0.25 millage property tax levy for operations was approved by the voters for another four years in 2014, from FY16 through FY19, the.25 millage generates $42.9 million in revenue. The revenue is designated for art, music, physical education instruction, choice programs, and career academies. Millage Rates and Property Values Total millage assessed by the District is decreasing from mills for FY16 to mills for FY17. Of the mills, is Required Local Effort (RLE) set by the State, in order to participate in the Florida Education Finance Program (FEFP) and receive $500.9 million of state funding for K-12 operations. The portion controlled by the School Board remains the same at mills, and includes the maximum 1.5 mills for capital improvement and discretionary mills, as well as 0.25 mills approved by voters in November The proposed tax rate 0.74% greater than the rolled-back rate, which is the rate that would generate the same dollar amount of revenue as FY16. Property values continue to improve from the FY12 low of $132.2 billion, growing by 8.1% in Palm Beach County to $178.6 billion for FY17. Total FY17 projected millage revenue for both operating and capital use is $1.212 billion. The School District of Palm Beach County A Top-Rated District by the Florida Department of Education Since 2005 An Equal Education Opportunity Provider and Employer Page 3

8 Page 4 of 4 July 27, 2016 FY17 TENTATIVE BUDGET FY18 Budget Development and Beyond Our work with ERS identified three areas of focus necessary to meet the long-term outcomes identified in the strategic plan including cultivating great teachers, reallocating resources within English Language Learners and Students with Disabilities, and increasing supports for the lowest-performing schools. Conclusion The District s Strategic Plan and Initiatives are the main drivers of the budget development process, along with funding constraints. All decision-making involved with the preparation of the tentative budget has centered on targeting our limited resources to support the highest needs of our students. I would like to thank the members of the Budget Advisory Committee for their participation with the FY17 Budget. The final report of the Budget Advisory Committee will be presented to the Board on August 17, Final Adoption of the FY17 Budget by the School Board is September 7, Sincerely, Robert M. Avossa, Ed.D. Superintendent RMA/MJB/HK/GO:du The School District of Palm Beach County A Top-Rated District by the Florida Department of Education Since 2005 An Equal Education Opportunity Provider and Employer Page 4

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13 COMPARISON OF TO MILLAGE RATES Mills Additional Operating Local Capital Improvement Discretionary Operating Prior Period Funding Adj. Required Local Effort Millage Millage Increase/ Rate Rate (Decrease) Non-Voted Millage: Required Local Effort (RLE) (0.4400) Prior Period RLE Adj (0.0020) Discretionary Operating Local Capital Improvement Sub-Total Non-Voted (0.4420) Voted Millage: Additional Operating* Total Voted & Non-Voted Millage (0.4420) *Voter approved November 2014 for Fiscal Years Page 9

14 COMPARISON OF TO MILLAGE AND ROLLED BACK RATE Millage Comparison Required Local Effort Prior Period RLE Adj Discretionary Operating Local Capital Improvement Additional Operating % Incr/(Decr) Rolled Back As Compared Millage Millage Millage To Rolled Back Rate Rate Rate Millage Rate Taxable Value $164,866,397,813 * $178,613,927,082 ** Non-Voted Millage: Required Local Effort (RLE) (2.38%) Prior Period RLE Adj (12.62%) Discretionary Operating % Local Capital Improvement % Sub-Total Non-Voted % Voted Millage: Additional Operating % Total Voted & Non-Voted Millage % * Final Certification of Taxable Value for ** Certification of School Taxable Value 7/1/16. Page 10

15 COMPARISON OF PALM BEACH COUNTY GROSS TAXABLE VALUE Ten Year Comparison of Taxable Value $170 $160 $150 $140 Billions $130 $120 $110 $100 $90 $ Tax Year % Gross Incr/(Decr) Incr/(Decr) Tax Taxable As Compared to As Compared to Year Value * Prior Year Prior Year ,229,136,344 8,976,942, % ,237,902,004 (1,991,234,340) -1.17% ,448,533,249 (18,789,368,755) % ,698,183,829 (14,750,349,420) -9.87% ,258,526,057 (2,439,657,772) -1.81% ,036,112, ,586, % ,661,344,906 5,625,232, % ,103,001,478 11,441,656, % ,191,584,364 15,088,582, % ,613,927,082 13,422,342, % * Gross Taxable Value as of budget adoption. Page 11

16 COMPARISON OF HOMEOWNER PROPERTY TAXES TAX YEAR 2015 TO 2016 Tax Year 2015 Tax Year 2016 Sample Home Sample (With No Increase Home in Assessed Value) Assessed Value $ 225,000 $ 225,000 Homestead Exemption 25,000 25,000 Taxable Value $ 200,000 $ 200,000 Millage Taxes Millage Taxes Required Local Effort (RLE) $ 1, $ Prior Period RLE Adj Discretionary Operating Local Capital Improvement NON-VOTED $ 1, $ 1, Additional Operating NON-VOTED & VOTED $ 1, $ 1, Decrease from prior year due to decrease in millage rates: -$ Page 12

17 MILLAGE RATES AND HOMEOWNER PROPERTY TAXES FIVE YEAR HISTORY Sample Homeowner Property Taxes Based on an Assessed Value of $225,000 with a $25,000 Homestead Exemption: Assessed Value $225,000 Homestead Exemption 25,000 Taxable Value $200, Millage Taxes Millage Taxes Millage Taxes Millage Taxes Millage Taxes Required Local Effort (RLE) $1, $1, $1, $1, $ Prior Period RLE Adjustment Discretionary Operating Critical Operating Needs Local Capital Improvement Discretionary Capital Improvmt NON-VOTED $1, $1, $1, $1, $1, Additional Operating NON-VOTED & VOTED $1, $1, $1, $1, $1, Note: The Millage Rate reflects the amount of Taxes per $1,000 of Taxable Value. ESTIMATED PROPERTY TAX LEVIES AND COLLECTIONS Total Palm Beach County Gross Taxable Value * $133,036,112,620 $138,661,344,906 $150,103,001,478 $165,191,584,364 $178,613,927,082 Property Taxes Levied $1,034,754,884 $1,051,884,962 $1,139,882,193 $1,240,919,182 $1,262,800,464 Tax Collections ** Required Local Effort (RLE) Prior Period RLE Adjustmen Discretionary Operating Local Capital Improvement Discretionary Capital Improv Additional Operating Total Collections $671,396,010 2,937,437 89,655, ,572,002 5,874,875 31,928,667 $993,364,688 $675,691,187 $732,598,713 1,597,379 1,729,187 96,774, ,785, ,672, ,148,322 2,795,413 33,278,723 36,024,720 $1,009,809,565 $1,094,286,905 $793,395,357 1,744, ,620, ,875,881 39,645,980 $1,191,282,414 $782,414,735 1,543, ,259, ,204,055 42,867,342 $1,212,288,445 * Gross Taxable Value as of budget adoption. ** Based on 96% collectability of Palm Beach County's Gross Taxable Value. Page 13

18 COMPARISON OF BUDET - ALL FUNDS to $1,800,000,000 $1,600,000,000 $1,400,000,000 $1,200,000,000 $1,000,000,000 $800,000,000 $600,000,000 $400,000,000 $200,000,000 $0 General Fund Special Rev - Food (410) Special Rev - Other (420) Debt Service (200) Capital Projects (300) Amended Proposed % Increase/ Increase Fund Titles Budgets Budgets (Decrease) (Decrease) General Fund $ 1,712,720,758 $1,749,145,093 $36,424, % Special Revenue - Food Service 114,402, ,057,449 4,654, % Special Revenue - Other * 139,510, ,318,056 (27,192,892) (19.49%) Debt Service 329,892, ,972,716 (50,920,094) (15.44%) Capital Projects 369,034, ,604,898 36,570, % Subtotal $2,665,561,457 $2,665,098,212 ($463,245) Less Transfers: (249,434,232) (248,423,330) 1,010,902 (0.41%) Total Budget - All Funds $2,416,127,225 $2,416,674,882 $547, % *Not all Federal and State funds have been received. It is anticipated the FY2017 revenue will be similar to FY2016. Page 14

19 Board Meeting Date: July 27, 2016 Agenda Item # B1 SCHOOL DISTRICT OF PALM BEACH COUNTY BOARD AGENDA ITEM SUMMARY DIVISION OF FINANCIAL MANAGEMENT RESOLUTION ADOPTING TENTATIVE MILLAGE RATES I recommend the School Board adopt the proposed millage levy of mills for FY This total millage levy is made up of mills for Required Local Effort, mills for Prior Period RLE Adjustment, mills for Discretionary Operating Funds, mills for Local Capital Improvement, and mills for Additional Operating Funds. A breakdown of the proposed millage rate as compared to the rolled back rate is as follows: Proposed Rolled Back % Increase Millage Rate (Decrease) Required Local Effort (RLE) (2.38%) Prior Period RLE Adj (12.62%) Discretionary Operating % Local Capital Improvement % Additional Operating % Total Mills % BOARD GOAL: #6 KEY RESULT: #10 PRESENTER: Michael J. Burke and Heather Knust TIME OF PRESENTATION: 30 Minutes FINANCIAL IMPACT The proposed millage rates will generate revenues of $1,212,288,445 from local taxes for operating and capital operations during FY A C T I O N A G E N D A I T E M Page 15

20 Board Meeting Date: July 27, 2016 Agenda Item # B2 SCHOOL DISTRICT OF PALM BEACH COUNTY BOARD AGENDA ITEM SUMMARY DIVISION OF FINANCIAL MANAGEMENT RESOLUTION ADOPTING TENTATIVE BUDGET I recommend the School Board adopt the tentative district summary budget in the amount of $2,416,674,882 for FY The recapitulation of this budget is scheduled below. General Fund $ 1,749,145,093 Special Revenue - Food Service 119,057,449 Special Revenue - Other * 112,318,056 Debt Service 278,972,716 Capital Projects 405,604,898 Sub-Total $ 2,665,098,212 Less Transfers: (248,423,330) Total Funds $ 2,416,674,882 BOARD GOAL: #6 KEY RESULT: #10 PRESENTER: Michael J. Burke and Heather Knust TIME OF PRESENTATION: 30 Minutes FINANCIAL IMPACT The financial impact to the school district is a budget of $2,416,674,882 in all funds for FY A C T I O N A G E N D A I T E M Page 16

21 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET Fiscal Year SECTION I. ASSESSMENT AND MILLAGE LEVIES Page 1 A. Certified Taxable Value of Property in County by Property Appraiser 178,613,927, B. Millage Levies on Nonexempt Property: DISTRICT MILLAGE LEVIES Nonvoted Voted Total 1. Required Local Effort Prior-Period Funding Adjustment Millage Discretionary Operating Additional Operating Additional Capital Improvement 6. Local Capital Improvement Discretionary Capital Improvement 8. Debt Service TOTAL MILLS ESE 139 Page 17

22 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION II. GENERAL FUND - FUND 100 Page 2 Account ESTIMATED REVENUES Number FEDERAL: Federal Impact, Current Operations , Reserve Officers Training Corps (ROTC) , Miscellaneous Federal Direct 3199 Total Federal Direct , FEDERAL THROUGH STATE AND LOCAL: Medicaid ,000, National Forest Funds 3255 Federal Through Local 3280 Miscellaneous Federal Through State 3299 Total Federal Through State and Local ,000, STATE: Florida Education Finance Program (FEFP) ,041, Workforce Development ,014, Workforce Development Capitalization Incentive Grant 3316 Workforce Education Performance Incentive 3317 Adults With Disabilities 3318 CO&DS Withheld for Administrative Expenditure , Diagnostic and Learning Resources Centers 3335 Sales Tax Distribution (s (6)(d)6.a., F.S.) 3341 State Forest Funds 3342 State License Tax , District Discretionary Lottery Funds 3344 Class Size Reduction Operating Funds ,215, Florida School Recognition Funds ,254, Voluntary Prekindergarten Program (VPK) ,781, Preschool Projects 3372 Reading Programs 3373 Full-Service Schools Program 3378 State Through Local 3380 Other Miscellaneous State Revenues , Total State ,992, LOCAL: District School Taxes ,084, Tax Redemptions 3421 Payment in Lieu of Taxes , Excess Fees 3423 Tuition 3424 Rent ,700, Investment Income ,075, Gifts, Grants and Bequests ,148, Adult General Education Course Fees , Postsecondary Career Certificate and Applied Technology Diploma 3462 Continuing Workforce Education Course Fees 3463 Capital Improvement Fees 3464 Postsecondary Lab Fees 3465 Lifelong Learning Fees 3466 GED Testing Fees , Financial Aid Fees 3468 Other Student Fees ,419, Preschool Program Fees , Prekindergarten Early Intervention Fees 3472 School-Age Child Care Fees ,703, Other Schools, Courses and Classes Fees 3479 Miscellaneous Local Sources ,362, Total Local ,021,613, TOTAL ESTIMATED REVENUES 1,538,412, OTHER FINANCING SOURCES: Loans 3720 Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From Debt Service Funds 3620 From Capital Projects Funds ,600, From Special Revenue Funds 3640 From Permanent Funds 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In ,600, TOTAL OTHER FINANCING SOURCES 93,600, Fund Balance, July 1, ,132, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE 1,749,145, ESE 139 Page 18

23 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION II. GENERAL FUND - FUND 100 (Continued) Page 3 Account Salaries Employee Benefits Purchased Services Energy Services Materials and Supplies Capital Outlay Other APPROPRIATIONS Number Totals Instruction ,121,614, ,097, ,547, ,616, ,195, , ,253, Student Support Services ,850, ,662, ,617, ,409, , , , Instructional Media Services ,546, ,451, ,554, , , , ,174, , Instruction and Curriculum Development Services ,044, ,739, ,481, , , , , Instructional Staff Training Services ,787, ,785, ,670, ,060, , , ,112, Instruction-Related Technology ,015, ,255, ,692, ,053, , , Board ,742, ,746, ,240, , , , , , General Administration ,366, ,218, ,348, , , , , , School Administration ,288, ,680, ,422, , , , , Facilities Acquisition and Construction , , , , Fiscal Services ,766, ,313, ,295, , , , , Food Service , , , Central Services ,958, ,060, ,960, ,227, , , , , Student Transportation Services ,743, ,934, ,983, ,739, ,458, , , , Operation of Plant ,781, ,331, ,507, ,849, ,472, ,408, , , Maintenance of Plant ,266, ,144, ,205, ,422, ,018, ,026, ,123, , Administrative Technology Services ,915, ,026, ,205, , ,838, , , Community Services ,212, ,196, , , , ,502, ,013, Debt Service , , Other Capital Outlay 9300 TOTAL APPROPRIATIONS 1,697,991, ,856, ,663, ,869, ,098, ,308, ,571, ,625, OTHER FINANCING USES: Transfers Out: (Function 9700) To Debt Service Funds 920 To Capital Projects Funds , To Special Revenue Funds 940 To Permanent Funds 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out , TOTAL OTHER FINANCING USES 53, Nonspendable Fund Balance, June 30, Restricted Fund Balance, June 30, Committed Fund Balance, June 30, Assigned Fund Balance, June 30, Unassigned Fund Balance, June 30, ,100, TOTAL ENDING FUND BALANCE ,100, TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCE 1,749,145, ESE 139 Page 19

24 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION III. SPECIAL REVENUE FUNDS - FOOD SERVICES - FUND 410 Page 4 Account ESTIMATED REVENUES Number FEDERAL THROUGH STATE AND LOCAL: National School Lunch Act ,992, USDA-Donated Commodities ,700, Federal Through Local 3280 Miscellaneous Federal Through State 3299 Total Federal Through State and Local ,692, STATE: School Breakfast Supplement , School Lunch Supplement , State Through Local 3380 Other Miscellaneous State Revenues 3399 Total State ,060, LOCAL: Investment Income , Gifts, Grants and Bequests 3440 Food Service ,590, Other Miscellaneous Local Sources , Total Local ,806, TOTAL ESTIMATED REVENUES 90,558, OTHER FINANCING SOURCES: Loans 3720 Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 Interfund 3650 From Permanent Funds 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, ,499, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE 119,057, ESE 139 Page 20

25 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION III. SPECIAL REVENUE FUNDS - FOOD SERVICES - FUND 410 (CONTINUED) Page 5 Account APPROPRIATIONS Number Food Services: (Function 7600) Salaries ,909, Employee Benefits ,579, Purchased Services 300 9,225, Energy Services 400 2,525, Materials and Supplies ,054, Capital Outlay 600 2,975, Other , Capital Outlay (Function 9300) 600 TOTAL APPROPRIATIONS ,557, OTHER FINANCING USES: Transfers Out (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Funds 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, Restricted Fund Balance, June 30, ,500, Committed Fund Balance, June 30, Assigned Fund Balance, June 30, Unassigned Fund Balance, June 30, TOTAL ENDING FUND BALANCE ,500, TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCE 119,057, ESE 139 Page 21

26 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION IV. SPECIAL REVENUE FUNDS - OTHER FEDERAL PROGRAMS - FUND 420 Page 6 Account ESTIMATED REVENUES Number FEDERAL DIRECT: Head Start 3130 Workforce Innovation and Opportunity Act 3170 Community Action Programs 3180 Reserve Officers Training Corps (ROTC) 3191 Pell Grants 3192 Miscellaneous Federal Direct , Total Federal Direct , FEDERAL THROUGH STATE AND LOCAL: Career and Technical Education ,750, Medicaid 3202 Workforce Innovation and Opportunity Act 3220 Teacher and Principal Training and Recruiting - Title II, Part A 3225 Math and Science Partnerships - Title II, Part B 3226 Individuals with Disabilities Education Act (IDEA) ,309, Elementary and Secondary Education Act, Title I ,750, Language Instruction - Title III 3241 Twenty-First Century Schools - Title IV 3242 Federal Through Local 3280 Miscellaneous Federal Through State ,064, Total Federal Through State And Local ,874, STATE: State Through Local 3380 Other Miscellaneous State Revenues , Total State , LOCAL: Investment Income 3430 Gifts, Grants and Bequests , Adult General Education Course Fees 3461 Other Miscellaneous Local Sources 3495 Total Local , TOTAL ESTIMATED REVENUES 112,318, OTHER FINANCING SOURCES: Loans 3720 Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 Interfund 3650 From Permanent Funds 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE 112,318, ESE 139 Page 22

27 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION IV. SPECIAL REVENUE FUNDS - OTHER FEDERAL PROGRAMS - FUND 420 (Continued) Page 7 Account Totals Salaries Employee Benefits Purchased Services Energy Services Materials and Supplies Capital Outlay Other APPROPRIATIONS Number Instruction ,608, ,205, ,498, ,554, ,319, ,939, ,090, Student Support Services ,080, ,647, ,855, ,607, , , , Instructional Media Services , , Instruction and Curriculum Development Services ,479, ,513, ,687, , , , , Instructional Staff Training Services ,387, ,696, ,807, ,212, ,223, , , Instruction-Related Technology , , , Board 7100 General Administration ,228, ,228, School Administration , , , Facilities Acquisition and Construction 7400 Fiscal Services 7500 Food Services 7600 Central Services , , , , , , , Student Transportation Services , , , , , , , Operation of Plant 7900 Maintenance of Plant Administrative Technology Services 8200 Community Services 9100 Other Capital Outlay 9300 TOTAL APPROPRIATIONS 112,318, ,704, ,032, ,460, , ,801, ,232, ,083, OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Funds 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, Restricted Fund Balance, June 30, Committed Fund Balance, June 30, Assigned Fund Balance, June 30, Unassigned Fund Balance, June 30, TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCE 112,318, ESE 139 Page 23

28 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION V. SPECIAL REVENUE FUNDS - TARGETED ARRA STIMULUS FUNDS - FUND 432 Page 8 Account ESTIMATED REVENUES Number FEDERAL DIRECT: Miscellaneous Federal Direct 3199 Total Federal Direct 3100 FEDERAL THROUGH STATE AND LOCAL: Individuals with Disabilities Education Act (IDEA) 3230 Elementary and Secondary Education Act, Title I 3240 Miscellaneous Federal Through State 3299 Total Federal Through State And Local 3200 STATE: State Through Local 3380 Other Miscellaneous State Revenues 3399 Total State 3300 LOCAL: Investment Income 3430 Gifts, Grants and Bequests 3440 Other Miscellaneous Local Sources 3495 Total Local 3400 TOTAL ESTIMATED REVENUES OTHER FINANCING SOURCES: Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 Interfund 3650 From Permanent Funds 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE ESE 139 Page 24

29 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION V. SPECIAL REVENUE FUNDS - TARGETED ARRA STIMULUS FUNDS - FUND 432 (Continued) Page 9 Account Totals Salaries Employee Benefits Purchased Services Energy Services Materials and Supplies Capital Outlay Other APPROPRIATIONS Number Instruction 5000 Student Support Services 6100 Instructional Media Services 6200 Instruction and Curriculum Development Services 6300 Instructional Staff Training Services 6400 Instruction-Related Technology 6500 Board 7100 General Administration 7200 School Administration 7300 Facilities Acquisition and Construction 7400 Fiscal Services 7500 Food Services 7600 Central Services 7700 Student Transportation Services 7800 Operation of Plant 7900 Maintenance of Plant 8100 Administrative Technology Services 8200 Community Services 9100 Other Capital Outlay 9300 TOTAL APPROPRIATIONS OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Funds 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, Restricted Fund Balance, June 30, Committed Fund Balance, June 30, Assigned Fund Balance, June 30, Unassigned Fund Balance, June 30, TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCE ESE 139 Page 25

30 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION V. SPECIAL REVENUE FUNDS - OTHER ARRA STIMULUS GRANTS - FUND 433 Page 10 Account ESTIMATED REVENUES Number FEDERAL DIRECT: Miscellaneous Federal Direct 3199 Total Federal Direct 3100 FEDERAL THROUGH STATE AND LOCAL: Other Food Services 3269 Miscellaneous Federal Through State 3299 Total Federal Through State and Local 3200 STATE: State Through Local 3380 Other Miscellaneous State Revenues 3399 Total State 3300 LOCAL: Investment Income 3430 Gifts, Grants and Bequests 3440 Other Miscellaneous Local Sources 3495 Total Local 3400 TOTAL ESTIMATED REVENUES OTHER FINANCING SOURCES: Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 Interfund 3650 From Permanent Funds 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE ESE 139 Page 26

31 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION V. SPECIAL REVENUE FUNDS - OTHER ARRA STIMULUS GRANTS - FUND 433 (Continued) Page 11 Account Totals Salaries Employee Benefits Purchased Services Energy Services Materials and Supplies Capital Outlay Other APPROPRIATIONS Number Instruction 5000 Student Support Services 6100 Instructional Media Services 6200 Instruction and Curriculum Development Services 6300 Instructional Staff Training Services 6400 Instruction-Related Technology 6500 Board 7100 General Administration 7200 School Administration 7300 Facilities Acquisition and Construction 7400 Fiscal Services 7500 Food Services 7600 Central Services 7700 Student Transportation Services 7800 Operation of Plant 7900 Maintenance of Plant 8100 Administrative Technology Services 8200 Community Services 9100 Other Capital Outlay 9300 TOTAL APPROPRIATIONS OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Funds 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, Restricted Fund Balance, June 30, Committed Fund Balance, June 30, Assigned Fund Balance, June 30, Unassigned Fund Balance, June 30, TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCE ESE 139 Page 27

32 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION V. SPECIAL REVENUE FUNDS - RACE TO THE TOP - FUND 434 Page 12 Account ESTIMATED REVENUES Number FEDERAL THROUGH STATE AND LOCAL: Race to the Top 3214 Miscellaneous Federal Through State 3299 Total Federal Through State and Local 3200 STATE: State Through Local 3380 Other Miscellaneous State Revenues 3399 Total State 3300 LOCAL: Investment Income 3430 Gifts, Grants and Bequests 3440 Other Miscellaneous Local Sources 3495 Total Local 3400 TOTAL ESTIMATED REVENUES OTHER FINANCING SOURCES: Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 Interfund 3650 From Permanent Funds 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE ESE 139 Page 28

33 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION V. SPECIAL REVENUE FUNDS - RACE TO THE TOP - FUND 434 (Continued) Page 13 Account Totals Salaries Employee Benefits Purchased Services Energy Services Materials and Supplies Capital Outlay Other APPROPRIATIONS Number Instruction 5000 Student Support Services 6100 Instructional Media Services 6200 Instruction and Curriculum Development Services 6300 Instructional Staff Training Services 6400 Instruction-Related Technology 6500 Board 7100 General Administration 7200 School Administration 7300 Facilities Acquisition and Construction 7400 Fiscal Services 7500 Food Services 7600 Central Services 7700 Student Transportation Services 7800 Operation of Plant 7900 Maintenance of Plant 8100 Administrative Technology Services 8200 Community Services 9100 Other Capital Outlay 9300 TOTAL APPROPRIATIONS OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Funds 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, Restricted Fund Balance, June 30, Committed Fund Balance, June 30, Assigned Fund Balance, June 30, Unassigned Fund Balance, June 30, TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCE ESE 139 Page 29

34 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION VI. SPECIAL REVENUE FUNDS - MISCELLANEOUS - FUND 490 Account ESTIMATED REVENUES Number FEDERAL THROUGH STATE AND LOCAL: Federal Through Local 3280 Total Federal Through State and Local 3200 LOCAL: Investment Income 3430 Gifts, Grants and Bequests 3440 Other Miscellaneous Local Sources 3495 Total Local 3400 TOTAL ESTIMATED REVENUES 3000 OTHER FINANCING SOURCES Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 Interfund 3650 From Permanent Funds 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Page 14 Fund Balance, July 1, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE ESE 139 Page 30

35 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION VI. SPECIAL REVENUE FUNDS - MISCELLANEOUS - FUND 490 (Continued) Page 15 Account Totals Salaries Employee Benefits Purchased Services Energy Services Materials and Supplies Capital Outlay Other APPROPRIATIONS Number Instruction 5000 Student Support Services 6100 Instructional Media Services 6200 Instruction and Curriculum Development Services 6300 Instructional Staff Training Services 6400 Instruction-Related Technology 6500 Board 7100 General Administration 7200 School Administration 7300 Facilities Acquisition and Construction 7400 Fiscal Services 7500 Central Services 7700 Student Transportation Services 7800 Operation of Plant 7900 Maintenance of Plant 8100 Administrative Technology Services 8200 Community Services 9100 Other Capital Outlay 9300 TOTAL APPROPRIATIONS OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 Interfund 950 To Permanent Funds 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, Restricted Fund Balance, June 30, Committed Fund Balance, June 30, Assigned Fund Balance, June 30, Unassigned Fund Balance, June 30, TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCE ESE 139 Page 31

36 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION VII. DEBT SERVICE FUNDS Page ESTIMATED REVENUES Account Totals SBE/COBI Special Act Sections & Motor Vehicle District Other ARRA Economic Number Bonds Bonds , F.S., Loans Revenue Bonds Bonds Debt Service Stimulus Debt Service FEDERAL DIRECT SOURCES: Miscellaneous Federal Direct ,258, ,258, Total Federal Direct Sources ,258, ,258, FEDERAL THROUGH STATE AND LOCAL: Miscellaneous Federal Through State 3299 Total Federal Through State and Local 3200 STATE SOURCES: CO&DS Withheld for SBE/COBI Bonds ,869, ,869, SBE/COBI Bond Interest 3326 Sales Tax Distribution (s (6)(d)6.a., F.S.) 3341 Total State Sources ,869, ,869, LOCAL SOURCES: District Debt Service Taxes 3412 County Local Sales Tax 3418 School District Local Sales Tax 3419 Tax Redemptions 3421 Excess Fees 3423 Rent 3425 Investment Income 3430 Gifts, Grants and Bequests 3440 Total Local Sources 3400 TOTAL ESTIMATED REVENUES 6,127, ,869, ,258, OTHER FINANCING SOURCES: Issuance of Bonds 3710 Loans 3720 Proceeds of Lease-Purchase Agreements 3750 Premium on Long-term Debt 3790 Transfers In: From General Fund 3610 From Capital Projects Funds ,770, ,369, , From Special Revenue Funds 3640 Interfund (Debt Service Only) 3650 From Permanent Funds 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In ,770, ,369, , TOTAL OTHER FINANCING SOURCES 154,770, ,369, , Fund Balance, July 1, ,074, , ,572, , TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCES 278,972, ,173, ,942, ,856, ESE 139 Page 32

37 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION VII. DEBT SERVICE FUNDS (Continued) Page APPROPRIATIONS Account Totals SBE/COBI Special Act Sections & Motor Vehicle District Other ARRA Economic Number Bonds Bonds , F.S., Loans Revenue Bonds Bonds Debt Service Stimulus Debt Service Debt Service: (Function 9200) Redemption of Principal ,384, ,317, ,067, Interest ,242, , ,036, ,653, Dues and Fees 730 3,648, ,643, , Miscellaneous 790 TOTAL APPROPRIATIONS ,275, ,869, ,747, ,659, OTHER FINANCING USES: Payments to Refunding Escrow Agent (Function 9299) 760 Transfers Out: (Function 9700) To General Fund 910 To Capital Projects Funds 930 To Special Revenue Funds 940 Interfund (Debt Service Only) 950 To Permanent Funds 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, Restricted Fund Balance, June 30, ,697, , ,194, , Committed Fund Balance, June 30, Assigned Fund Balance, June 30, Unassigned Fund Balance, June 30, TOTAL ENDING FUND BALANCES ,697, , ,194, , TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCES 278,972, ,173, ,942, ,856, ESE 139 Page 33

38 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION VIII. CAPITAL PROJECTS FUNDS Page ARRA Economic Stimulus Other Capital Voted Capital Nonvoted Capital Improvement Capital Outlay and District Bonds Public Education Capital Outlay Sections & , F.S., Special Act Totals Capital Outlay Bond Issues Account Number ESTIMATED REVENUES (COBI) Bonds Loans (PECO) Debt Service (Section (2), F.S.) Improvement Projects Capital Projects FEDERAL DIRECT SOURCES: Miscellaneous Federal Direct 3199 Total Federal Direct Sources 3100 FEDERAL THROUGH STATE AND LOCAL: Miscellaneous Federal Through State 3299 Total Federal Through State and Local 3200 STATE SOURCES: CO&DS Distributed ,355, ,355, Interest on Undistributed CO&DS 3325 Sales Tax Distribution (s (6)(d)6.a., F.S.) 3341 State Through Local 3380 Public Education Capital Outlay (PECO) ,239, ,239, Classrooms First Program 3392 SMART Schools Small County Assistance Program 3395 Class Size Reduction Capital Outlay 3396 Charter School Capital Outlay Funding ,100, ,100, Other Miscellaneous State Revenues 3399 Total State Sources ,695, ,239, ,355, ,100, LOCAL SOURCES: District Local Capital Improvement Tax ,204, ,204, County Local Sales Tax ,655, ,655, School District Local Sales Tax 3419 Tax Redemptions 3421 Investment Income ,000, , , Gifts, Grants and Bequests 3440 Miscellaneous Local Sources 3490 Impact Fees ,000, ,000, Refunds of Prior Year's Expenditures 3497 Total Local Sources ,859, ,954, ,905, TOTAL ESTIMATED REVENUES 313,554, ,239, ,355, ,954, ,005, OTHER FINANCING SOURCES Issuance of Bonds 3710 Loans 3720 Sale of Capital Assets 3730 Loss Recoveries 3740 Proceeds of Lease-Purchase Agreements 3750 Proceeds from Special Facility Construction Account 3770 Transfers In: From General Fund , , From Debt Service Funds 3620 From Special Revenue Funds 3640 Interfund (Capital Projects Only) 3650 From Permanent Funds 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In , , TOTAL OTHER FINANCING SOURCES 53, , Fund Balance, July 1, ,997, , ,073, ,489, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCES 405,604, , ,239, ,355, ,027, ,548, Page 34 ESE 139

39 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION VIII. CAPITAL PROJECTS FUNDS (Continued) Page APPROPRIATIONS Account Number Totals Capital Outlay Bond Issues Special Act Sections & , F.S., Public Education Capital Outlay District Bonds Capital Outlay and Nonvoted Capital Improvement Voted Capital Other Capital ARRA Economic Stimulus (COBI) Bonds Loans (PECO) Debt Service (Section (2), F.S.) Improvement Projects Capital Projects Appropriations: (Functions 7400/9200) Library Books (New Libraries) 610 Audiovisual Materials 620 Buildings and Fixed Equipment ,519, ,471, ,146, ,901, Furniture, Fixtures and Equipment ,717, ,839, ,877, Motor Vehicles (Including Buses) ,366, , ,323, Land 660 1,804, , ,718, Improvements Other Than Buildings 670 3,110, ,520, , Remodeling and Renovations ,111, , ,589, ,088, Computer Software 690 7,605, ,656, ,948, Redemption of Principal 710 Interest 720 Dues and Fees 730 TOTAL APPROPRIATIONS 157,234, , ,471, ,881, ,448, OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund ,600, ,767, ,355, ,376, ,100, To Debt Service Funds ,770, ,770, To Special Revenue Funds 940 Interfund (Capital Projects Only) 950 To Permanent Funds 960 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out ,370, ,767, ,355, ,146, ,100, TOTAL OTHER FINANCING USES 248,370, ,767, ,355, ,146, ,100, Nonspendable Fund Balance, June 30, Restricted Fund Balance, June 30, Committed Fund Balance, June 30, Assigned Fund Balance, June 30, Unassigned Fund Balance, June 30, TOTAL ENDING FUND BALANCES 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCES 405,604, , ,239, ,355, ,027, ,548, ESE 139 Page 35

40 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION IX. PERMANENT FUND - FUND 000 Page 20 Account ESTIMATED REVENUES Number Federal Direct 3100 Federal Through State and Local 3200 State Sources 3300 Local Sources 3400 TOTAL ESTIMATED REVENUES OTHER FINANCING SOURCES: Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 From Special Revenue Funds 3640 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In 3600 TOTAL OTHER FINANCING SOURCES Fund Balance, July 1, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE ESE 139 Page 36

41 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION IX. PERMANENT FUND - FUND 000 (Continued) Page 21 Account Totals Salaries Employee Benefits Purchased Services Energy Services Materials and Supplies Capital Outlay Other APPROPRIATIONS Number Instruction 5000 Student Support Services 6100 Instructional Media Services 6200 Instruction and Curriculum Development Services 6300 Instructional Staff Training Services 6400 Instruction-Related Technology 6500 Board 7100 General Administration 7200 School Administration 7300 Facilities Acquisition and Construction 7400 Fiscal Services 7500 Central Services 7700 Student Transportation Services 7800 Operation of Plant 7900 Maintenance of Plant 8100 Administrative Technology Services 8200 Community Services 9100 Debt Service 9200 Other Capital Outlay 9300 TOTAL APPROPRIATIONS OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 To Special Revenue Funds 940 To Internal Service Funds 970 To Enterprise Funds 990 Total Transfers Out 9700 TOTAL OTHER FINANCING USES Nonspendable Fund Balance, June 30, Restricted Fund Balance, June 30, Committed Fund Balance, June 30, Assigned Fund Balance, June 30, Unassigned Fund Balance, June 30, TOTAL ENDING FUND BALANCE 2700 TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCE ESE 139 Page 37

42 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION X. ENTERPRISE FUNDS Page ESTIMATED REVENUES Account Totals Self-Insurance Self-Insurance Self-Insurance Self-Insurance ARRA Other Enterprise Other Enterprise Number Consortium Consortium Consortium Consortium Consortium Programs Programs OPERATING REVENUES: Charges for Services 3481 Charges for Sales 3482 Premium Revenue 3484 Other Operating Revenues 3489 Total Operating Revenues NONOPERATING REVENUES: Investment Income 3430 Gifts, Grants and Bequests 3440 Other Miscellaneous Local Sources 3495 Loss Recoveries 3740 Gain on Disposition of Assets 3780 Total Nonoperating Revenues Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 From Special Revenue Funds 3640 Interfund (Enterprise Funds Only) 3650 From Permanent Funds 3660 From Internal Service Funds 3670 Total Transfers In 3600 Net Position, July 1, TOTAL OPERATING REVENUES, NONOPERATING REVENUES, TRANSFERS IN AND NET POSITION ESTIMATED EXPENSES Object OPERATING EXPENSES: (Function 9900) Salaries 100 Employee Benefits 200 Purchased Services 300 Energy Services 400 Materials and Supplies 500 Capital Outlay 600 Other (including Depreciation) 700 Total Operating Expenses NONOPERATING EXPENSES: (Function 9900) Interest 720 Loss on Disposition of Assets 810 Total Nonoperating Expenses Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 To Special Revenue Funds 940 Interfund Transfers (Enterprise Funds Only) 950 To Permanent Funds 960 To Internal Service Funds 970 Total Transfers Out 9700 Net Position, June 30, TOTAL OPERATING EXPENSES, NONOPERATING EXPENSES, TRANSFERS OUT AND NET POSITION ESE 139 Page 38

43 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2017 SECTION XI. INTERNAL SERVICE FUNDS Page ESTIMATED REVENUES Account Totals Self-Insurance Self-Insurance Self-Insurance Self-Insurance Self-Insurance Consortium Other Internal Number Programs Service OPERATING REVENUES: Charges for Services 3481 Charges for Sales 3482 Premium Revenue ,220, ,690, ,530, Other Operating Revenues ,000, ,000, Total Operating Revenues 209,220, ,690, ,530, NONOPERATING REVENUES: Investment Income 3430 Gifts, Grants and Bequests 3440 Other Miscellaneous Local Sources , , Loss Recoveries 3740 Gain on Disposition of Assets 3780 Total Nonoperating Revenues 313, , Transfers In: From General Fund 3610 From Debt Service Funds 3620 From Capital Projects Funds 3630 From Special Revenue Funds 3640 Interfund (Internal Service Funds Only) 3650 From Permanent Funds 3660 From Enterprise Funds 3690 Total Transfers In 3600 Net Position, July 1, ,232, ,698, (26,465,837.00) TOTAL OPERATING REVENUES, NONOPERATING REVENUES, TRANSFERS IN AND NET POSITION 270,766, ,702, (6,935,250.00) ESTIMATED EXPENSES Object OPERATING EXPENSES: (Function 9900) Salaries 100 1,164, , , Employee Benefits , , , Purchased Services , , , Energy Services 400 Materials and Supplies , , , Capital Outlay 600 5, , , Other (including Depreciation) ,567, ,157, ,409, Total Operating Expenses 212,829, ,566, ,262, NONOPERATING EXPENSES: (Function 9900) Interest 720 Loss on Disposition of Assets 810 Total Nonoperating Expenses Transfers Out: (Function 9700) To General Fund 910 To Debt Service Funds 920 To Capital Projects Funds 930 To Special Revenue Funds 940 Interfund Transfers (Internal Service Funds Only) 950 To Permanent Funds 960 To Enterprise Funds 990 Total Transfers Out 9700 Net Position, June 30, ,937, ,135, (27,198,220.00) TOTAL OPERATING EXPENSES, NONOPERATING EXPENSES, TRANSFERS OUT AND NET POSITION 270,766, ,702, (6,935,250.00) ESE 139 Page 39

44 CERTIFICATION OF SCHOOL TAXABLE VALUE DR-420S R. 5/13 Rule 12D , FAC Effective 5/13 Provisional Year : 2016 County : Name of School District : PALM BEACH CO SCHOOL DIST PALM BEACH SECTION I : COMPLETED BY PROPERTY APPRAISER. SEND TO SCHOOL DISTRICT 1. Current year taxable value of real property for operating purposes $ 168,751,294,732 (1) 2. Current year taxable value of personal property for operating purposes $ 9,719,960,310 (2) 3. Current year taxable value of centrally assessed property for operating purposes $ 142,672,040 (3) 4. Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3) $ 178,613,927,082 (4) 5. Current year net new taxable value (Add new construction, additions, rehabilitative improvements increasing assessed value by at least 100%, annexations, and tangible personal property value over 115% of the previous year's value. Subtract deletions.) $ 2,151,211,926 (5) 6. Current year adjusted taxable value (Line 4 minus Line 5) $ 176,462,715,156 (6) 7. Prior year FINAL gross taxable value from prior year applicable Form DR-403 Series $ 164,866,397,813 (7) 8. Does the taxing authority levy a voted debt service millage or a millage voted for 2 years or less under s. 9(b), Article VII, State Constitution? (If yes, complete and attach form DR-420DEBT, Certification of Voted Debt Millage.) Yes No (8) SIGN HERE Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge. Signature of Property Appraiser : Date : Electronically Certified by Property Appraiser 6/29/2016 8:32 AM SECTION II : COMPLETED BY SCHOOL DISTRICTS. RETURN TO PROPERTY APPRAISER Local board millage includes discretionary and capital outlay. 9. Prior year state law millage levy: Required Local Effort (RLE) (Sum of previous year's RLE and prior period funding adjustment) per $1,000 (9) 10. Prior year local board millage levy (All discretionary millages) per $1,000 (10) 11. Prior year state law proceeds (Line 9 multiplied by Line 7, divided by 1,000) $ 826,640,119 (11) 12. Prior year local board proceeds (Line 10 multiplied by Line 7, divided by 1,000) $ 411,836,262 (12) 13. Prior year total state law and local board proceeds (Line 11 plus Line 12) $ 1,238,476,381 (13) 14. Current year state law rolled-back rate (Line 11 divided by Line 6, multiplied by 1,000) per $1,000 (14) 15. Current year local board rolled-back rate (Line 12 divided by Line 6, multiplied by 1,000) per $1,000 (15) 16. Current year proposed state law millage rate (Sum of RLE and prior period funding adjustment) per $1,000 (16) 17. A.Capital Outlay B. Discretionary Operating C. Discretionary Capital Improvement D. Use only with instructions from the Department of Revenue E. Additional Voted Millage (17) Current year proposed local board millage rate (17A plus 17B, plus 17C, plus 17D, plus 17E) per $1,000 Page 40

45 Name of School District : DR-420S R. 5/13 Page Current year state law proceeds (Line 16 multiplied by Line 4, divided by 1,000) $ 816,622,875 (18) 19. Current year local board proceeds (Line 17 multiplied by Line 4, divided by 1,000) $ 446,177,590 (19) 20. Current year total state law and local board proceeds (Line 18 plus Line 19) $ 1,262,800,464 (20) Current year proposed state law rate as percent change of state law rolled-back rate (Line 16 divided by Line 14, minus 1, multiplied by 100) Current year total proposed rate as a percent change of rolled-back rate {[(Line 16 plus Line 17) divided by (Line 14 plus Line 15)], minus 1}, multiplied by 100 Final public budget hearing % (21) % (22) Date : Time : Place : Winona Webb Jordan Board Chambers of the Fulton-Holland 9/7/2016 5:05 PM Educational Center, 3300 Forest Hill Blvd., West Palm Beach, FL Taxing Authority Certification I certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of s , F.S. S I G N H E R E Signature of Chief Administrative Officer : Date : Title : Contact Name And Contact Title : Heather Knust, Budget Director Superintendent Mailing Address : Physical Address : 3300 Forest Hill Blvd. A Forest Hill Blvd. A306 City, State, Zip : Phone Number : Fax Number : West Palm Beach, Florida Page 41

46 The School District Of Palm Beach County, Florida Budget Adoption Calendar SCHOOL DISTRICT REQUIREMENTS Ref District Day Date Event Activity Friday, Budget Advisory Committee Meeting FY17 Budget Development, Education Resource 10/23/2015 Strategies (ERS) Wednesday, Budget Workshop FY17 Budget Outlook, Proposed Policy Changes, 12/9/2015 Overview of the Statutory Budget Requirements Thursday, Budget Advisory Committee Meeting Findings from Financial and Equity Analyses (ERS), 2/25/2016 and FY17 Budget Update Wednesday, Budget Workshop FY17 Budget Development 3/2/2016 Friday, Budget Advisory Committee Meeting Findings from Strategic School Design (ERS), and 4/1/2016 FY17 Budget Update Wednesday, Budget Workshop FY17 Budget Update 5/4/2016 Tuesday, Budget Advisory Committee Meeting Findings from Human Capital and Wrap-Up (ERS), 7/19/2016 and FY17 Budget Update Wednesday, Budget Workshop FY17 Budget Update 7/20/2016 STATE STATUTORY REQUIREMENTS Ref District Day Date Event Activity D Friday, Property Appraiser certifies Roll. July 1 or date of certification, whichever is later. on 7/1/16 7/1/2016 Monday, Receive from the Department of Not later than 7/19/16, the Commissioner of 7/18/2016 Education Required Local Effort. Education shall certify the Required Local Effort. D + 24 Wednesday, Board approval for advertising Superintendent submits tentative district facilities by 7/25/16 7/20/2016 Within 24 days of the Certification work plan and district budget to the School Board. of Value. School Board shall adopt Tentative Budget and shall approve Tentative Budget for Advertising. School Superintendent presents tentative Board authorizes Superintendent to adjust the budget and tentative facilities millage and the budget advertisements based upon work plan to the School Board. Department of Education information. The School Board may order adjustment to the tentative budget, but takes no official action. D + 29 Friday, Newspaper advertisement Advertising summary of tentative budget including by 7/25/16 7/22/2016 Within 29 days of the Certification proposed millage rates. Notice of public hearing. of Value D + 31 to 34 Wednesday, Public Hearing The School Board holds public hearing tentative 7/27/16* Not less than 2 nor more than budget and proposed millage rates. 5:05 p.m. 5 days after advertising. * School Board Public Hearing Page 42

47 The School District Of Palm Beach County, Florida Budget Adoption Calendar STATE STATUTORY REQUIREMENTS Ref District Day Date Event Activity Not less Wednesday, Adopt the District Facilities Work Hold public hearing to adopt final facilities work than 9/7/2016* Plan and District Budget. plan, final budget and to adopt millage rate. No D :05 p.m. newspaper advertisement is required. not more days after Certification than of Value. Millage rate cannot exceed the rate tentatively D + 80 adopted on D + 35 (7/29/15) unless each taxpayer is between 9/3/16 sent a personal notice of change under the new and 9/18/16 rates. Such notice is prepared by the property Appraiser at School Board expense and should be mailed no more than 15 days nor less than 10 days prior to any hearing. Thursday, Submit Budget to Department of Education within 3 9/8/2016 business days after adoption (Florida State Board of Education - Administrative Rules 6A (1)) D Thursday, Within 101 days of Certification Notify Property Appraiser, Tax Collector and by 10/9/16 9/8/2016 of Value. Department of Revenue of adopted millage rate within 3 days after the adoption of the resolution. * School Board Public Hearing Page 43

48 NOTICE OF PROPOSED TAX INCREASE The School District of Palm Beach County, Florida will soon consider a measure to increase its property tax levy. Last year s property tax levy A. Initially proposed tax levy... $ 1,240,919,182 B. Less tax reductions due to Value Adjustment Board and other assessment changes... $ 2,442,801 C. Actual property tax levy... $ 1,238,476,381 This year s proposed tax levy... $ 1,262,800,464 A portion of the tax levy is required under state law in order for the school board to receive $500,936,951 in state education grants. The required portion has decreased by 2.40 percent, and represents approximately six tenths of the total proposed taxes. The remainder of the taxes is proposed solely at the discretion of the school board. All concerned citizens are invited to a public hearing on the tax increase to be held on July 27, 2016 at 5:05 P.M., at the Winona Webb Jordan Board Chambers of the Fulton-Holland Educational Center, 3300 Forest Hill Boulevard, West Palm Beach, Florida. A DECISION on the proposed tax increase and the budget will be made at this hearing. Page 44

49 NOTICE OF TAX FOR SCHOOL CAPITAL OUTLAY The School District of Palm Beach County, Florida will soon consider a measure to impose a mill property tax for the capital outlay projects listed herein. This tax is in addition to the school board s proposed tax of mills for operating expenses and is proposed solely at the discretion of the school board. THE PROPOSED COMBINED SCHOOL BOARD TAX INCREASE FOR BOTH OPERATING EXPENSES AND CAPITAL OUTLAY IS SHOWN IN THE ADJACENT NOTICE. The capital outlay tax will generate approximately $257,204,055 to be used for the following projects: CONSTRUCTION AND REMODELING Gladeview ES Mod, Rosenwald ES Mod, Pahokee HS Remodel, Transportation South Ph2 Drainage, Site Acquisition, John I Leonard Restrooms, Covered Walkways, Portable and Modular Classrooms, West Area Educational Complex Remodel, Fuel Pump Replacement, Alternative Schools Master Plan, Future School Modernizations, Gold Coast HS Mod, Transportation South Mod, Transportation West Central Mod, Old DD Eisenhower ES Demo, Old Gove ES Demo, Old Plumosa ES Demo, DD Eisenhower ES Playfields, Gove ES, Adult Ed Facility, Village Academy Kitchen Renovation, Roosevelt Full Service Remodel, Delray Full Service Remodel, Addison Mizner ES Mod, Verde ES Mod, Washington ES Mod, Northboro Remodel, Grove Park ES Mod, Melaleuca ES Mod, Pine Grove ES Mod, Plumosa ES Expansion, Transportation - North Mod, Wynnebrook ES Mod, Greater WPB/Lake Worth Area HS (03-OOO), South West Area ES (05-C), Minto West/ Acreage Area ES (15-A), Scripps/Gardens Area ES (04-A), Lake Worth HS Pool House MAINTENANCE, RENOVATION, AND REPAIR Reimbursement of the maintenance, renovation, and repairs paid through the General Fund as permitted by Florida Statute, Compliance with Florida Bldg. Code, Maintenance of plant and equipment, ADA accommodations, Athletic facilities and playfields, Fire and health safety modifications, HVAC projects, Capital project support, Fencing, Plumbing projects, Tower Maintenance, Lighting projects, Generators, Lightning protection, Maintenance of ancillary facilities, Building envelope maintenance projects, Minor projects, Portable relocation, Facility renewal projects, Hurricane prep, Renovation and repair from hurricane damage, Roofing inspections, repairs and replacements, Security projects, Fire alarm replacements, Intercom and sound system replacements, Traffic and parking projects, School and ancillary center projects, Security upgrades MOTOR VEHICLE PURCHASES Purchase of 200 school buses, Purchase and replacement of district vehicles, Lease-purchase of buses and vehicles, Security vehicles NEW AND REPLACEMENT EQUIPMENT, COMPUTERS, ENTERPRISE RESOURCE SOFTWARE, AND S (2), F.S., ELIGIBLE EXPENDITURES IN SUPPORT OF DIGITAL CLASSROOMS PLANS PURSUANT TO S (12), F.S. Purchase or lease-purchase of school and district computers, equipment, & technology infrastructure, Electronic learning devices, Classroom Technology, Hardware & software, IT security, Computer assisted facility management system, School and district furniture and equipment, Musical instruments, Bus washers, Educational data warehouse, ERP, Student information system, Portal, Network operations center, BYOD related enhancements, Mobile device mgmt. system, Telephone system upgrade, Universal ID system, Wireless infrastructure, Security systems, Communication systems, Budget development system, Instructional materials as permitted by Florida Statutes, Security radios, School bus video system, GPS system for vehicles, Vehicle routing system, Fleet & fuel mgmt system PAYMENTS FOR EDUCATIONAL FACILITIES AND SITES DUE UNDER A LEASE-PURCHASE AGREEMENT Annual master lease-purchase payments for various facilities, sites and equipment, Annual lease payment for qualified zone academy bonds and qualified school construction bonds for various facilities and equipment, Annual equipment lease payments for vehicles and equipment PAYMENTS FOR RENTING AND LEASING EDUCATIONAL FACILITIES AND SITES Lease of administrative and educational facilities PAYMENTS OF LOANS APPROVED PURSUANT TO SS AND , F.S. PAYMENT OF COSTS OF COMPLIANCE WITH ENVIRONMENTAL STATUTES, RULES AND REGULATIONS Asbestos abatement/removal, Compliance with wetlands, Well field protection, Removal of hazardous waste, Compliance with Florida Bldg Code, Indoor air quality programs, Removal/disposal of underground storage tanks PAYMENT OF PREMIUMS FOR PROPERTY AND CASUALTY INSURANCE NECESSARY TO INSURE THE EDUCATIONAL AND ANCILLARY PLANTS OF THE SCHOOL DISTRICT Insurance premiums on district plants PAYMENT OF COSTS OF LEASING RELOCATABLE EDUCATIONAL FACILITIES Leasing of portable classrooms for various facilities PAYMENTS TO PRIVATE ENTITIES TO OFFSET THE COST OF SCHOOL BUSES PURSUANT TO S (2) (i), F.S. Payments to public and private transportation companies for the transportation of students PAYMENT OF COSTS OF OPENING DAY COLLECTION FOR LIBRARY MEDIA CENTER All concerned citizens are invited to a public hearing to be held on July 27, 2016, at 5:05 P.M., at the Winona Webb Jordan Board Chambers of the Fulton-Holland Educational Center, 3300 Forest Hill Boulevard, West Palm Beach, Florida. A DECISION on the proposed CAPITAL OUTLAY TAXES will be made at this hearing. Page 45

50 PROPOSED MILLAGE LEVIES SUBJECT TO 10-MILL CAP: PROPOSED MILLAGE LEVIES Required Local Effort (Including Prior Year Discretionary Operating NOT SUBJECT TO 10-MILL CAP: Funding Adjustment Millage) Additional Millage Not to Exceed 4 Years Operating or Capital Not Local Capital Improvement (Capital Outlay) (Operating) to Exceed 2 Years Discretionary Capital Improvement Debt Service TOTAL MILLAGE GENERAL SPECIAL DEBT CAPITAL TOTAL ALL ESTIMATED REVENUES: FUND REVENUE SERVICE PROJECTS FUNDS Federal sources $3,807,000 $184,714,652 $3,258,963 $191,780,615 State sources 512,992,246 1,384,952 2,869,002 $10,695, ,941,595 Local sources 1,021,613,537 16,776, ,859,107 1,341,249,096 TOTAL SOURCES $1,538,412,783 $202,876,056 $6,127,965 $313,554,502 $2,060,971,306 Sale of Capital Assets Loss Recoveries Transfers In 93,600, ,770,065 53, ,423,330 Fund Balances/Reserves/Net Position 117,132,310 28,499, ,074,686 91,997, ,703,576 TOTAL REVENUES, TRANSFERS & BALANCES $1,749,145,093 $231,375,505 $278,972,716 $405,604,898 $2,665,098,212 EXPENDITURES Instruction $1,121,614,907 $51,608,554 $1,173,223,461 Student Personnel Services 46,850,652 10,080,678 56,931,330 Instructional Media Services 19,546,036 5,000 19,551,036 Instructional and Curriculum Development Services 33,044,855 16,479,971 49,524,826 Instructional Staff Training Services 10,787,237 29,387,149 40,174,386 Instruction Related Technology 9,015, ,805 9,118,827 Board 7,742,654 7,742,654 General Administration 7,366,708 3,228,488 10,595,196 School Administration 99,288,077 15,071 99,303,148 Facilities Acquisition and Construction 496, ,275,654 $157,234, ,007,315 Fiscal Services 6,766,783 6,766,783 Food Services 17,142 90,557,449 90,574,591 Central Services 14,958, ,381 15,900,882 Student Transportation Services 52,743, ,458 53,209,542 Operation of Plant 130,781, ,781,151 Maintenance of Plant 79,266, ,267,108 Administrative Technology Services 7,915,587 7,915,587 Community Services 49,212,996 49,212,996 Debt Services 577, ,000 TOTAL EXPENDITURES $1,697,991,828 $202,875,505 $160,275,654 $157,234,833 $2,218,377,820 Transfers Out 53, ,370, ,423,330 Fund Balances/Reserves/Net Position 51,100,000 28,500, ,697, ,297,062 TOTAL APPROPRIATED EXPENDITURES BUDGET SUMMARY THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE SCHOOL DISTRICT OF PALM BEACH COUNTY ARE 2.1% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES. FISCAL YEAR TRANSFERS, RESERVES & BALANCES $1,749,145,093 $231,375,505 $278,972,716 $405,604,898 $2,665,098,212 The tentative, adopted, and/or final budgets are on file in the office of the above mentioned taxing authority as a public record. Page 46

51 GENERAL FUND BUDGET Tentative FY 2017 REVENUE AND APPROPRIATIONS The General Fund Operating Budget accounts for the day-to-day operation of school centers, area offices and central offices. Included are costs for employee salaries, fringe benefits, textbooks, supplies, equipment, utilities, and other expenses for the direct operation of schools and departments for the fiscal year. FY 2017 Tentative Revenue REVENUE ($MILLIONS) Estimated Revenue % of Total Federal Sources $ % State Sources % Local Sources 1, % Transfer from Capital % Fund Balance & Transfers % TOTAL REVENUE $ 1, % Transfer from Capital 5% Fund Balance Federal 7% Sources <1% Local Sources 59% State Sources 29% APPROPRIATIONS ($MILLIONS) Proposed % of Budget Total Salaries & Benefits $ 1, % Purchased Services % Energy Services % Materials & Supplies % Capital Outlay % Other Expenses % Sub-Total $ 1,698.0 Fund Balance & Transfers % TOTAL BUDGET $ 1, % Energy 2% Materials & Supplies 8% FY 2017 Tentative Appropriations Purchased Services 15% Capital <1% Other 1% Fund Balance & Transfers 3% Salaries & Benefits 71% Page 47

52 Year-end FY 2015 FY 2016 FY 2016 FY 2017 Variance Increase/ Fourth Calc Second Fourth Calc. Second Calc Decrease 4/17/2015 Calculation 4/21/2016 7/18/2016 FY17 vs. FY16 1 K-12 Unweighted FTE's 183, , , , , K-12 Weighted FTE's (Funded) 201, , , , , Prevalence (0.004) 3 State Base Student Alloc (BSA) 4,032 4,154 4,154 4, District Cost Differential (DCD) Palm Beach County Schools BSA $ 4,149 $ 4,287 $ 4,287 $ 4,299 $ 12 6 WTD FTE x BSA x DCD $ 835,703,047 $ 878,635,561 $ 878,509,138 $ 885,859,637 $ 7,350,499 7 ESE Guarantee 65,204,545 66,043,416 66,043,416 72,733,449 6,690,033 8 Supplemental Academic Instruction 34,651,002 35,355,377 35,355,377 41,263,879 5,908,502 9 Reading Instruction 8,565,235 8,636,823 8,617,445 8,617,184 (261) 10 Safe Schools 4,234,387 4,226,978 4,223,311 4,221,449 (1,862) 11 DJJ Supplement 319, , , ,400 6, Instructional Materials 14,705,403 15,010,609 14,786,899 14,815,055 28, Transportation 23,482,167 23,880,590 24,604,098 24,956, , Digital Classrooms Allocation 1,720,807 3,088,857 3,081,109 3,445, , Teacher Supply 3,054,489 3,079,344 3,079,344 3,066,673 (12,671) 16 Proration to Available State Funds (7,061,393) (391,991) (2,343,377) (385,305) 1,958, Additional Funds Instructional Materials Scholarship Deductions (109,820) Virtual Education Contribution Federally Connected Student Supplement - 4,750 4,750 - (4,750) 23 Gross State and Local FEFP $ 984,469,261 $ 1,037,880,837 $ 1,036,243,283 $ 1,058,882,361 $ 22,639, Less: Required Local Effort Taxes (732,598,713) (793,395,357) (793,395,357) (782,414,735) 10,980, Total State FEFP $ 251,870,548 $ 244,485,480 $ 242,847,926 $ 276,467,626 $ 33,619,700 District Lottery/School Recognition 26 Lottery - Discretionary 692, , Lottery - School Recog. $ 10,584,702 10,584,702 9,254,019 9,254, Total Lottery/School Recognition $ 11,277,034 $ 11,282,899 $ 9,254,019 $ 9,254,019 $ - Categorical Allocations 29 Class Size Reduction 209,847, ,576, ,375, ,215,306 2,840, Total State Categorical Funding $ 209,847,655 $ 213,576,080 $ 212,375,123 $ 215,215,306 $ 2,840,183 Local Funding 31 Palm Beach County Tax Roll $ 150,103,001,478 $ 165,191,584,364 $ 165,191,584,364 $ 178,613,927,082 $ 13,422,342, Required Local Effort (RLE) 732,598, ,395, ,395, ,414,735 (10,980,622) 33 Prior Year Required Local Effort 1,729,187 1,744,423 1,744,423 1,543,224 (201,199) 34 Discretionary Funds (Basic) 107,785, ,620, ,620, ,259,089 9,638, Voted Funds - Operating 36,024,720 39,645,980 39,645,980 42,867,342 3,221, Total Local Funding $ 878,138,583 $ 953,406,533 $ 953,406,533 $ 955,084,390 $ 1,677, TOTAL FUNDING $ 1,351,133,820 $ 1,422,750,992 $ 1,417,883,601 $ 1,456,021,341 $ 38,137,740 Millage Rates The School District Of Palm Beach County Florida Education Finance Program (FEFP) Detail* 38 Required Local Effort (RLE) (0.4400) 39 Prior Year RLE (0.0020) 40 Discretionary - Operating Voter Approved (FY ) Total Millage (0.4420) Total Funds per Unweighted FTE $ 7,365 $ 7,632 $ 7,610 $ 7,747 $ % * Excludes McKay Scholarships and prior year adjustments. Page 48

53 General Fund - All Revenue Fiscal Years 2013 to 2017 June 30, 2013 June 30, 2014 June 30, 2015 Fourth Calc Final Conf Rpt Increase/ Year-End Year-End Year-End Current Projected (Decrease) Federal Revenue FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY16 to FY17 Impact Fees $ 8,228 $ 5,933 $ 7,019 $ 7,000 $ 7,000 $ - ROTC 885, ,892 1,060, , ,000 - Medicaid Reimbursement 6,226,325 7,269,649 7,567,462 5,360,000 3,000,000 (2,360,000) Federal through State 74, , Sub-total $ 7,194,028 $ 8,476,829 $ 8,635,064 $ 6,167,000 $ 3,807,000 $ (2,360,000) State Revenue for K-12 Operations FEFP-FTE Generated $ 44,890,479 $ 121,620,329 $ 96,058,929 $ 83,113,853 $ 103,059,597 $ 19,945,744 ESE Block Grant 64,223,028 64,753,322 65,204,545 66,043,416 72,733,449 6,690,033 Supplemental Academic Instruction 33,967,290 34,389,540 34,651,002 35,355,377 41,263,879 5,908,502 Reading Instruction 8,438,856 8,536,863 8,565,235 8,617,445 8,617,184 (261) Safe Schools 4,150,291 4,123,852 4,234,387 4,223,311 4,221,449 (1,862) DJJ Supplement 274, , , , ,400 6,627 Instructional Materials 13,743,805 14,503,124 14,595,583 14,786,899 14,815,055 28,156 Transportation 23,945,313 24,324,907 23,482,167 24,604,098 24,956, ,162 Teacher Supply 2,122,431 3,043,876 3,054,489 3,079,344 3,066,673 (12,671) ESE McKay Scholarships (8,436,448) (8,861,203) (9,521,131) (10,221,645) (10,426,078) (204,433) Digital Classrooms Allocation - - 1,720,807 3,081,109 3,445, ,571 CO & DS 102, , , , ,000 15,000 State License Tax 252, , , , ,000 - Discretionary Lottery - 1,874, , Class Size Reduction (categorical ) 206,593, ,018, ,872, ,375, ,215,306 2,840,183 School Recognition Funds 10,436,226 8,436,400 10,584,702 9,254,019 9,254,019 - Other State Sources 602, , , , ,000 - Sub-total $ 405,307,520 $ 484,818,198 $ 464,448,187 $ 455,264,122 $ 491,195,873 $ 35,931,751 State Revenue for Adult Education & VPK Workforce Development $ 18,633,199 $ 18,633,199 $ 17,026,477 $ 17,014,911 $ 17,014,911 $ - Workforce Development Incent Prog 162, , Adults With Disabilities 760, , , Voluntary Pre-K Program 2,740,785 2,960,381 3,651,909 3,849,295 4,781, ,167 Sub-total $ 22,297,034 $ 22,352,645 $ 21,554,136 $ 20,864,206 $ 21,796,373 $ 932,167 Local Revenue for K-12 Operations Taxes, Required Local Effort (RLE) $ 677,530,422 $ 678,258,226 $ 733,229,307 $ 793,895,357 $ 784,414,735 $ (9,480,622) Taxes, Prior Year RLE 2,937,438 1,597,379 1,729,187 1,744,423 1,543,224 (201,199) Taxes, Discretionary - Basic 89,655,698 96,774, ,785, ,620, ,259,089 9,638,316 Taxes, Voter Approved - Operating (.25) 31,928,668 33,278,723 36,024,720 39,645,980 42,867,342 3,221,362 Payment in Lieu of Taxes 43,517 46,089 49,862 50, , ,000 Rent 870, ,303 5,851,262 2,167,000 1,700,000 (467,000) Interest Income 419,572 1,384,317 1,482, ,000 1,075, ,000 Gain on Sale of Investments 103,211 89,144 37, Gifts, Grants, Bequests 1,692,624 2,074,325 1,842,051 2,018,343 1,148,440 (869,903) Miscellaneous Local Sources 17,476,185 15,721,439 16,298,857 13,905,337 13,337,987 (567,350) Erate 1,302,841 5,381,495 6,783,545 3,700,000 2,825,000 (875,000) Federal Indirect Costs 4,250,168 2,940,341 2,562,140 2,600,000 3,000, ,000 Food Service Indirect Costs 1,691,533 1,039, ,266 1,000,000 1,200, ,000 Sale of Capital Assets - 100,068 4,895, Loss Recoveries 4,109,444 5,057, , Sub-total $ 834,011,342 $ 844,557,794 $ 919,677,465 $ 980,297,213 $ 981,570,817 $ 1,273,604 Local Revenue - Fee Programs Adult General Ed. $ 641,275 $ 691,322 $ 551,802 $ 600,000 $ 600,000 $ - GED Testing 218, ,538 83, , ,000 - Community School 861, , , , ,000 - Before/After School 156, , , , ,000 15,000 Insurance - Student Athletics 753, , , , ,720 (280) Preschool Program 340, , , , ,000 (100,000) After School Program 25,858,183 30,998,254 32,571,457 37,040,000 37,703, ,000 Sub-total $ 28,830,171 $ 33,755,131 $ 35,178,221 $ 39,465,000 $ 40,042,720 $ 577,720 Transfers In & Beginning Fund Balance From Capital $ 83,171,586 $ 88,680,759 $ 91,341,538 $ 93,530,907 $ 93,600,000 $ 69,093 From Internal Service Fund Closeout (Maint.) - 13,000, Beginning Fund Balance 166,666, ,274, ,813, ,132, ,132,310 - Sub-total $ 249,838,418 $ 234,955,220 $ 203,154,852 $ 210,663,217 $ 210,732,310 $ 69,093 Total Sources $ 1,547,478,512 $ 1,628,915,817 $ 1,652,647,924 $ 1,712,720,758 $ 1,749,145,093 $ 36,424,335 Page 49

54 General Fund Revenue and Appropriations Fiscal Years 2014 to 2017 Revenue FY 2014 FY 2015 Adopted Amended Actual Adopted Amended Actual Federal Revenue $ 6,897,000 $ 8,476,829 $ 8,476,829 $ 8,207,000 $ 8,635,064 $ 8,635,064 State Revenue 499,332, ,170, ,170, ,884, ,002, ,006,185 Local Revenue 865,601, ,155, ,155, ,427, ,842, ,838,660 Incoming Transfers 89,686, ,680, ,680, ,325,307 91,341,538 91,341,538 Other Financing Sources 5,157,852 5,157,852 6,900,000 5,013,164 5,013,164 Beginning Fund Balance 133,274, ,274, ,274, ,512, ,813, ,813,314 Total Revenue, Transfers, and Fund Balance $ 1,594,791,459 $ 1,628,915,817 $ 1,628,915,817 $ 1,654,256,842 $ 1,652,647,924 $ 1,652,647,925 Appropriations State FY 2014 FY 2015 Function Adopted Amended Expenditures Adopted Amended Expenditures Instructional Services 5000 $ 1,008,610,382 $ 1,029,697,439 $ 986,845,927 $ 1,057,314,959 $ 1,045,694,792 $ 1,001,229,257 Support Services: Pupil Personnel ,632,562 44,558,508 43,397,000 45,635,931 45,763,509 44,184,877 Media Services ,123,592 19,419,540 18,734,056 19,214,171 18,916,257 18,198,694 Curr. Development ,142,396 34,149,053 33,983,902 31,822,601 34,634,056 34,407,529 Instr. Staff Training ,655,839 14,536,065 13,709,565 9,983,228 10,916,242 10,248,393 Instr. Rel. Technology ,997,173 9,114,445 8,163,059 9,014,512 8,926,610 8,727,475 Board of Education ,368,564 7,772,250 5,993,997 7,160,913 7,340,538 6,778,245 General Admin ,824,234 6,691,294 6,197,927 6,507,767 6,540,923 6,431,768 School Admin ,771,043 96,725,934 96,382,551 95,278,852 97,326,992 96,768,304 Facilities Acq. & Constr , ,381 1,709, , ,300 1,912,879 Fiscal Services ,037,574 6,009,343 5,775,373 5,976,380 6,130,293 5,825,126 Food Service ,787 63,143 57,251 21,738 93,076 86,852 Central Services ,964,095 15,674,160 14,136,815 14,706,374 16,039,563 14,479,011 Pupil Transportation ,975,717 47,476,965 46,600,112 46,521,087 47,635,167 46,865,446 Operations of Plant ,637, ,537, ,506, ,533, ,500, ,155,387 Maintenance of Plant ,809,789 71,888,288 67,402,584 77,955,854 75,103,533 69,681,092 Admin Technology Serv ,592,865 6,817,505 6,237,637 8,131,417 7,994,154 7,005,541 Community Services ,394,557 43,202,253 35,474,205 43,515,104 45,014,193 36,419,904 Debt Service , ,971 49, , ,971 34,532 Total Instructional and Support Services $ 1,548,291,459 $ 1,582,370,498 $ 1,515,358,171 $ 1,606,049,842 $ 1,602,572,622 $ 1,535,440,312 Total Transfers ,319 45,319 7,000 75,302 75,302 Reserves & Ending Fund Balance 46,500,000 46,500, ,512,327 48,200,000 50,000, ,132,310 Total Expenditures, Transfers and Fund Balance $ 1,594,791,459 $ 1,628,915,817 $ 1,628,915,817 $ 1,654,256,842 $ 1,652,647,924 $ 1,652,647,925 FY 2016 Actual numbers will be available in August and will be included in the Final Adoption book. Page 50

55 General Fund Revenue and Appropriations Fiscal Years 2014 to 2017 Revenue Federal Revenue State Revenue Local Revenue Incoming Transfers Other Financing Sources Beginning Fund Balance Total Revenue, Transfers, and Fund Balance FY 2017 FY 2016 Estimated Adopted Amended Actual Revenue $ 6,167,000 $ 6,167,000 $ 3,807, ,167, ,128, ,992,246 1,012,658,041 1,019,762,213 1,021,613,537 92,932,324 93,530,907 93,600, ,132, ,132, ,132,310 $ 1,710,056,786 $ 1,712,720,758 $ - $ 1,749,145,093 Appropriations State Function Instructional Services 5000 Support Services: Pupil Personnel 6100 Media Services 6200 Curr. Development 6300 Instr. Staff Training 6400 Instr. Rel. Technology 6500 Board of Education 7100 General Admin School Admin Facilities Acq. & Constr Fiscal Services 7500 Food Service 7600 Central Services 7700 Pupil Transportation 7800 Operations of Plant 7900 Maintenance of Plant 8100 Admin Technology Serv 8200 Community Services 9100 Debt Service 9200 Total Instructional and Support Services Total Transfers 9700 Reserves & Ending Fund Balance Total Expenditures, Transfers and Fund Balance FY 2017 FY 2016 Proposed Adopted Amended Expenditures Appropriations $ 1,104,673,721 $ 1,092,805,184 $ 1,121,614,907 46,761,389 46,929,356 46,850,652 19,347,613 20,282,244 19,546,036 34,776,257 35,082,597 33,044,855 9,268,177 10,250,731 10,787,237 8,957,523 9,027,402 9,015,022 7,881,260 7,714,798 7,742,654 7,176,941 7,462,526 7,366,708 97,821,404 98,103,899 99,288, , , ,828 6,229,781 6,986,857 6,766,783 21, ,821 17,142 14,575,451 15,412,594 14,958,501 49,055,237 49,704,303 52,743, ,938, ,350, ,781,151 75,702,757 76,351,480 79,266,608 8,718,182 8,674,654 7,915,587 41,447,249 48,501,008 49,212, , , ,000 $ 1,660,022,782 $ 1,662,639,140 $ - $ 1,697,991,828 34,004 81,618 53,265 50,000,000 50,000,000 51,100,000 $ 1,710,056,786 $ 1,712,720,758 $ - $ 1,749,145,093 FY 2016 Actual numbers will be available in August and will be included in the Final Adoption book. Page 51

56 General Fund Appropriations Five Year History Run-Time: 07/18/2016 at 10:54 AM District K-12 Appropriations Schools: FY 2013 FY 2014 FY 2015 Expend. FTE Budget Expend. % Chg. FTE Budget % Chg. Expend. FTE Elementary $ 460,980,690 7,779.3 $ 486,430,727 $ 482,392,751 7,889.2 $ 487,901,254 $ 477,655,627 7,717.2 Middle 193,756,213 3, ,695, ,652,007 3, ,878, ,439,273 3,092.7 High 254,561,829 3, ,667, ,750,052 3, ,927, ,579,727 3,998.6 Virtual 2,047, ,097,374 2,949, ,104,029 2,345, Education Alternatives 13,561, ,800,520 14,395, ,006,733 13,913, ESE Centers 10,867, ,843,862 11,571, ,164,695 11,268, Exceptional Student Ed OTS 32,631, ,489,425 35,234, ,199,657 39,688, School Recognition 10,378,256 9,096,203 8,419,155 11,261,753 10,600,140 Adult Ed (Non 1401) - (18) - 4,084 Instructional Materials 11,017,911 16,681,503 14,657,750 14,129,322 12,874,220 Teacher Supply 2,007,335 2,850,086 2,821,480 2,815,100 2,798,568 Catagoricals ,447,186 1,447,186 - Reserve for Extended Day, Count Day, Raises SLP Reserve Turn-Around Schools Summer Programs Sub-total Schools 991,809,531 15, ,047,652,456 1,043,844,048 5% 15, ,065,836,212 2% 1,037,614,502 15,726.9 Departments: Governance 5,744, ,773,500 6,161, ,916,088 6,628, Deputy Superintendent 44,360, ,010,441 51,267, ,567,417 47,690, Communcations 2,608, ,740,548 2,333, ,232,460 2,930, Human Resources 3,584, ,073,568 4,106, ,241,230 4,211, Administration 1,752, ,768,008 1,757, ,051,913 1,966, Chief Financial Office 13,189, ,804,527 13,624, ,212,459 14,245, Chief Operating Office 64,467,417 1, ,977,041 66,957,301 1, ,838,796 67,331,269 1,299.1 Sub-total Departments 135,708,354 1, ,147, ,208,486 8% 2, ,060,363-1% 145,004,611 2, ,060, ,004,611 District-Wide Items / Reserves Contingency Fund - 46,500,000-50,000,000 - Countywide Telephone 5,741,758 4,359,191 4,359,191 4,787,958 5,188,750 District Earmarks 9,836,928-32,131,821 4,497, ,468 4,461, Early Retirement 14,600 40,000 16,200 40,000 - Employees on Leave 3, , , Insurance 4,513,982 2,788,100 2,573,602 3,172,497 2,598,420 Inventory Reserve 32, , , ,000 80,092 External Investigations 150,000 47,443 31,346 31,251 Performance Pay Reserve 139, , ,935 Tax Anticipation Note Issue 132, , , , ,180 Terminal Leave / Annual Leave Payoff 15,265,913 14,104,312 16,200,174 15,704,312 16,690,765 Utilities 39,153,064 40,747,691 40,747,691 40,747,691 41,217,684 Sub-total District Wide 74,834, ,532,586 68,810,548-8% ,759,393-18% 70,511, Capital Maintenance 74,920, ,492,981 79,065,777 6% ,568,560 4% 80,948, Transfers Out - Capital Projects 287, ,302 75,302 Total District K-12 Appropriations 1,277,560,208 18, ,423,825,884 1,337,929,087 5% 18, ,417,299,830 0% 1,334,154,194 18,497.2 Charter Schools FEFP Allocation 79,982, ,821, ,601, ,332, ,404,901 - Charter School Capital Outlay 2,991,503 5,188,644 5,188,644 4,777,285 4,777,285 Total Charter Schools 82,973, ,010, ,789,845 42% - 145,109,773 23% 139,182,186 - District Non-FEFP Funded Appropriations VPK 4,097, ,542,204 4,541, ,177,740 5,020, Childcare / Enrichment 24,469, ,971,890 26,304, ,989,966 27,613, Adult Education and Community Schools 13,766, ,262,792 16,525, ,349,796 16,796, Adults with Disabilities 760, , , , ,481 Misc Local Funds 10,576, ,543,731 11,554, ,078,277 11,226, Dori Slosberg 882, ,949 Total District Non-FEFP Funded Appropriations 53,670, ,079,682 59,684,558 11% ,238,321 4% 62,179, Total General Fund Appropriations $ 1,414,204,074 18,663.9 $ 1,628,915,817 $ 1,515,403,490 7% 19,017.4 $ 1,652,647,925 1% $ 1,535,515,614 18,979.9 Page 52

57 General Fund Appropriations Five Year History Run-Time: 07/18/2016 at 10:54 AM District K-12 Appropriations Schools: Elementary Middle High Virtual Education Alternatives ESE Centers Exceptional Student Ed OTS School Recognition Adult Ed (Non 1401) Instructional Materials Teacher Supply Catagoricals Reserve for Extended Day, Count Day, Raises SLP Reserve Turn-Around Schools Summer Programs FY 2016 (As of 5/31/2016) Proposed 2017 Increase/(Decrease) Budget % Chg. Expend. FTE Budget FTE Budget FTE $ 492,731,845 $ 408,623,538 7,739.5 $ 493,822,658 7,780.5 $ 1,090, ,102, ,221,217 3, ,658,916 3, ,556, ,039, ,106,793 4, ,245,966 4,044.1 (8,793,447) ,120,344 2,094, ,143, ,636-14,664,825 12,040, ,715, ,675 (5.0) 11,063,528 9,683, ,726, (337,316) (1.0) 40,845,155 32,038, ,116, (728,594) ,915,630 5,983,474 9,259,248 (656,382) - - (1,347) ,305,337 10,994,967 13,101,880 (203,457) - 2,841,245 2,509,941 3,066, , , ,509,920-7,601,115-30,159, ,712,995 - (12,446,412) ,800,000 2,800, , , , ,846,000-1,045,040 - Sub-total Schools 1,102,499,386 3% 882,295,847 15, ,096,886,557 15,788.9 (5,612,828) 73.9 Departments: Governance Deputy Superintendent Communcations Human Resources Administration Chief Financial Office Chief Operating Office 7,224,042 6,389, ,184, (39,320) - 47,961,874 41,178, ,312, (2,649,195) (32.5) 3,992,227 2,606, ,249, , ,209,371 3,902, ,696, , ,168,670 1,966, ,215, ,514 (5.0) 14,027,894 12,120, ,997, (30,377) (1.0) 66,305,255 63,553,431 1, ,489,496 1, ,184,241 (7.6) Sub-total Departments 145,889,334-2% 131,717,104 2, ,146,311 2, ,977 (25.1) District-Wide Items / Reserves Contingency Fund Countywide Telephone District Earmarks Early Retirement Employees on Leave Insurance Inventory Reserve External Investigations Performance Pay Reserve Tax Anticipation Note Issue Terminal Leave / Annual Leave Payoff Utilities 50,000,000-51,100,000 1,100,000-5,193,119 4,925,031 5,250,000 56,881-12,302,835 4,501, ,061, ,758,250 (8.0) 40,000 20,180 - (40,000) (1.5) 2,826,015 2,606,050 2,851,760 25,745-90, ,000 60, , , ,650 (19,149) - 241, , , ,800-16,681,179 6,059,857 16,800, ,821-40,342,530 35,665,749 42,942,530 2,600,000 - Sub-total District Wide 127,843,477 10% 54,026, ,933, ,090,348 (9.5) Capital Maintenance 88,062,072 2% 73,138, ,500, ,437, Transfers Out - Capital Projects 81,618 (49,891) 53,265 (28,353) 49,891.2 Total District K-12 Appropriations 1,464,375,886 3% 1,141,128,478 18, ,491,519,958 18, ,144, Charter Schools FEFP Allocation Charter School Capital Outlay Total Charter Schools 149,847, ,453, ,906,426-10,059,001-5,470,110 2,785,664 3,100,000 (2,370,110) - 155,317,535 7% 138,238, ,006,426-7,688,891 - District Non-FEFP Funded Appropriations VPK Childcare / Enrichment Adult Education and Community Schools Adults with Disabilities Misc Local Funds Dori Slosberg Total District Non-FEFP Funded Appropriations 6,711,876 4,741, ,396, ,684, ,009,200 27,881, ,000, (1,009,200) ,125,962 15,220, ,013, (112,542) ,180,299 11,370, ,209, ,028,706 (1.9) 93,027,337 3% 59,214, ,618, ,591, Total General Fund Appropriations $ 1,712,720,758 4% $ 1,338,581,457 19,028.1 $ 1,749,145,093 19,091.0 $ 36,424, Page 53

58 The School District of Palm Beach County FY 2017 School Appropriations by Function and Program Core Allocation Function Function Descr Elementary Middle High Alternative ESE Ctr. Total 5101 Basic K-3 175,870, ,870, Basic ,557, ,517,007 1,068,427 1,592, , ,134, Basic , ,720,798 2,426, ,484, Jr. ROTC 1,892,013 1,892, Fine Arts-Art 7,573,347 7,573, Fine Arts-Music 7,680,211 7,680, Fine Arts-PE 8,550,778 8,550, ESOL 22,222,188 5,134,278 7,296,492 60,282 34,713, General K-12 Classroom 8,524 84,681 93, Substitutes 3,897,622 1,464,676 2,105,432 54,238 69,653 7,591, Substitute for ESE Para's 299,612 76,383 98,313 77, , Year Round Supplements 2,659,419 2,409,909 2,348,239 51,086 42,614 7,511, Hearing Impaired 597, , ,052 66,342 1,260, Vision 199,026 66, , Gifted 15,431,744 3,393,842 18,825, Low Incidence 11,220,675 4,329,796 5,045,404 1,351,784 21,947, Varying Exceptionalities 20,370,310 11,331,340 11,936,218 1,026, ,586 45,105, Emotional/Behavior Disabled 3,010,425 1,788,394 1,840,612 1,786,757 8,426, Intellectually Disabled 3,167,954 2,468,824 4,127,778 2,087,782 11,852, Pre-K ESE 14,078, ,997 1,546,950 15,835, Vocational ,902, , ,531 14,670, Adult Education 5970 Seasonal Supplements 723,558 1,334,941 5,512,886 48,197 5,077 7,624, Attendance and Social Work 2,218, ,552 24,648 97,602 2,932, Guidance Counselors 7,624,222 4,863,587 8,184, , ,846 21,395, ESOL Guidance Counselors 2,978, ,307 1,276,614 4,893, Health Services 15, ,500 72, , Psychological Services 96,292 96, Parental Involvement 34,071 34, Other Pupil Personnel Services 287, , Instructional Media Services 9,454,846 3,059,789 2,654,162 65, ,379 15,341, ESE Contacts 6,173,550 2,518,758 2,068, , ,400 11,277, ESOL Contacts 3,517, ,188 1,070,664 5,582, Crisis Intervention 605, , Instructional Staff Training 1,080, , ,662 15,497 86,243 2,158, School Administration 40,840,739 21,486,444 19,359,929 2,055, ,127 84,580, Student Transportation Field/Activity Trips 69,000 69, Operation Of Plant 21,074,624 9,099,473 12,707, , ,470 44,123, Security 128,450 2,496,274 2,958, ,395 66,108 6,121, Community Services 37,427 37,427 Subtotal Core Allocation $ 470,561,602 $ 183,589,975 $ 239,963,283 $ 10,962,003 $ 10,510,200 $ 915,587,063 Page 54

59 The School District of Palm Beach County FY 2017 School Appropriations by Function and Program Additional Program Resources Allocation Program Program Descr Elementary Middle High Alternative ESE Ctr. Total 3004 Turn-Around Schls Ext Instr 239, , Extended Day 1/2 Hr 391, , Instructional Tech Sprt Asst 4,055,520 38,624 4,094, Dual Language Teachers 1,329, ,134 66,492 1,529, In School Suspension 15, , ,505 88,551 1,018, SAI Categorical 7,231,278 7,231, Middle School Course Recovery 20,000 1,010,000 20,000 29,500 1,079, Credit Recovery Program 17, , , Magnet Program 4,397,877 3,026,433 7,886,052 15,310, Montessori 49,766 49, Educational Options Program 3035 Gender Equity 5,000 66, ,000 10, , School Improvement 1,422 6,942 8, K-12 Reading Initiative CRRP 146, , , Advanced Placement/IB 4,000 12,540,653 12,544, Industry Certification 152,348 1,849,100 2,001, Vocational-Middle Sch 67,317 5,593,372 5,660, Above Formula 503, ,993 1,502, ,368 2,515, Trade Offs 4,447,574 3,812,574 11,376,238 19,636, RooseveltLdshpAcadForYoungMen 331, , Juvenile Justice (DJJ) 1,629,429 1,629, FAU I-TED/AIT Project 36,176 36, Milestone Program 510, , Safe Schools 35,223 1,522,387 48,300 1,196,401 2,802, AVID Projects 6,742 68,146 99, , ESE OTS 173, , SLP's-ESE 54,700 9,740 9,840 74, Staff Development 234,350 91,806 95,840 23,650 4, , Charter Schools 9571 Americans W/Disabilities Act 100,993 57, , , Accommodations 226, , Reserve Sacc Revenue 9908 Reserve Community Sch Revenue 9916 Carryover 9922 Sabbatical Leave 41,913 36,921 78, Adult General Ed Fees 9950 Special One Time Allocation 28,524 4,310 66,342 99,176 Subtotal Add'l Program Resources Allocation $ 23,261,056 $ 17,068,941 $ 37,282,683 $ 3,753,497 $ 216,012 $ 81,582,189 Total District K-12 School Appropriations $ 493,822,658 $ 200,658,916 $ 277,245,966 $ 14,715,500 $ 10,726,212 $ 997,169,252 Virtual Schools 3,143,980 School Recognition 9,259,248 ESE OTS 40,116,561 SLP Reserve 2,800,000 Instructional Materials 13,101,880 Teacher Supplies 3,066,673 Digital Classrooms 3,445,680 AP/IB/AICE and Industry Certification Reserves 5,064,240 Summer Reading 1,346,000 Summer Algebra Retake 500,000 Salary/Count Day/Extended Day/Turn-Around School Reserves 17,873,043 $ 99,717,305 Total Budgets $ 1,096,886,557 Page 55

60 GENERAL FUND APPROPRIATIONS COMPARISON OF FY 2016 TO FY 2017 Administrative Support 6% Community Services 3% Fiscal Year 2016 Contingency 3% Central Support 17% Instructional Support 7% Instructional 64% Fiscal Year 2017 Community Services 3% Administrative Support 6% Contingency 3% Central Support 17% Instructional Support 7% Instructional 64% Page 56

61 GENERAL FUND APPROPRIATIONS COMPARISON OF FY 2016 TO FY 2017 FY 2016 FY 2017 State Year-End Tentative Increase/ Category * Function Appropriations Appropriations (Decrease) Instruction Instruction 5000 $ 1,092,805,184 $ 1,121,614,529 $ 28,809,345 * Total Instruction: $ 1,092,805,184 $ 1,121,614,529 $ 28,809,345 Instructional Support Services Student Personnel Services 6100 $ 46,929,356 $ 46,850,652 $ (78,704) Instructional Media Services ,282,244 19,546,036 (736,208) Instruction & Curriculum Dev. Serv ,082,597 33,044,855 (2,037,742) * Instructional Staff Training Services ,250,731 10,787, ,506 Instruction Related Technology ,027,402 9,015,022 (12,380) Total Instructional Support Services: $ 121,572,330 $ 119,243,802 $ (2,328,528) Central Support Services Facilities Acquisition & Construction ,341 $496,828 $ (259,513) Fiscal Services ,986,857 6,766,783 (220,074) Food Services ,821 17,142 (87,679) Central Services ,412,594 14,958,501 (454,093) Student Transportation Services ,704,303 52,743,084 3,038,781 * Operation of Plant ,350, ,781,151 2,430,504 * Maintenance of Plant ,351,480 79,266,608 2,915,128 * Admin Technology Services ,674,654 7,915,587 (759,067) Debt Service , , ,300 Total Central Support Services: $ 286,479,397 $ 293,522,684 $ 7,043,287 Administrative Support Services Board ,714,798 $7,742,654 $ 27,856 General Administration ,462,526 7,366,708 (95,818) School Administration ,103,899 99,288,455 1,184,556 Total Administrative Support Services: $ 113,281,222 $ 114,397,817 $ 1,116,594 Community Services Community Services ,501,008 49,212, ,988 Total Community Services: $ 48,501,008 $ 49,212, ,988 Countywide Reserves/Transfers Board Contingency Fund 2700 $ 50,000,000 $51,100,000 $ 1,100,000 Reserve for Future Years Transfers Out ,618 53,265 (28,353) Total Countywide Reserves/Transfers: $ 50,081,618 $ 51,153,265 $ 1,071,647 GRAND TOTAL $ 1,712,720,758 $ 1,749,145,093 $ 36,424,335 * Descriptions of these functional areas as defined by the State Department of Education's Financial and Program Cost Accounting manual ("Red Book") are on the following pages. Variations greater than one tenth of one percent of the total budget, (.1% * $1,749,145,093 = $1,749,145, are also explained. Page 57

62 General Fund Appropriations Definition of Functions and Explanation of Variances Between Fiscal Years 2016 and 2017 The following pages explain the different functional areas in which the school district accounts for its operations. The descriptions are from the Florida Department of Education s Redbook. The bold face type indicates explanations of variances greater than one tenth of one percent ($1,749,145) when comparing the FY 2016 budget to FY 2017 tentative budget. The overall increase from the FY 2016 budget to the FY 2017 proposed budget is $36,424, Instruction. Instruction includes the activities dealing directly with the teaching of pupils, or the interaction between teacher and pupils. Included here are the activities of aides or assistants of any type which assist in the instructional process. Instruction encompasses the following: 5100 Basic (FEFP K-12), 5200 Exceptional, 5300 Vocational-Technical, 5400 Adult General, 5500 Pre-kindergarten and 5900 Other Instruction. The $28.8 million increase to instruction is a result of the opening of four charter schools and related increase in charter school projected enrollment, a reserve set aside for salary increases, and a carryover reserve not yet distributed Student Support Services. Provides administrative, technical (such as guidance and health), and logistical support to facilitate and enhance instruction. Instructional Support Services encompasses the following: 6100 Student Personnel Services. Those activities which are designed to assess and improve the well being of pupils and to supplement the teaching process. Pupil Personnel Services encompasses the following: Attendance and Social Work; Guidance Services; Health Services; Psychological Services; Parental Involvement; and Other Pupil Personnel Services 6200 Instructional Media Services. Consists of those activities concerned with the use of all teaching and learning resources, including hardware and content materials Instruction and Curriculum Development Services. Activities designated to aid teachers in developing the curriculum, preparing and utilizing special curriculum materials, and understanding and appreciating the various techniques which stimulate and motivate pupils. Included in this function are the following instructional support specialists: primary, technology, learning resource, and behavioral. A salary increase reserve not yet distributed accounts for the decrease to this category Instructional Staff Training Services. Activities designed to contribute to the professional or occupational growth and competence of members of the instructional staff during the time of their service to the school board or school. Among these activities are workshops, demonstrations, school visits, courses for college credits, sabbatical leaves, and travel leaves. Page 58

63 General Fund Appropriations Definition of Functions and Explanation of Variances Between Fiscal Years 2016 and Instruction Related Technology. Technology activities and services for the purpose of supporting instruction. These activities include expenditures for internal technology support as well as support provided by external vendors using operating funds. These activities include costs associated with the administration and supervision of technology personnel, systems planning and analysis, systems application development, systems operations, network support services, hardware maintenance and support services, and other technology-related costs that are related to the support of instructional activities. Specifically, costs associated with the operation and support of computer learning labs, media center computer labs, instructional technology centers, instructional networks, and similar operations should be captured in this code General Support Services. Consist of those activities concerned with establishing policy, operating schools and the school system, and providing the essential facilities and services for the staff and pupils Board. Consists of the activities of the elected or appointed body which has been created according to state law and vested with responsibilities for educational activities in a given administrative unit. Also included here are expenses of Board Attorney and other legal services, independent auditors, internal auditors that report directly to the Board, negotiators, lobbyists, etc General Administration (Superintendent s Office). Consists of those activities performed by the superintendent and assistant superintendents in general direction and management of all affairs of the school system. This includes all personnel and materials in the office of the superintendent School Administration (Office of the Principal). Consists of those activities concerned with directing and managing the operation of a particular school. It includes the activities performed by the principal, assistant principal and other assistants in general supervision of all operations of the school, evaluations of staff Fiscal Services. Consists of those activities concerned with fiscal operation of the school system. This function includes budgeting, receiving and disbursing cash, financial accounting, payroll, inventory control, and internal auditing Food Services. Activities concerned with providing food to students and staff in a school or school system. This function includes the preparation and service of regular and incidental meals, lunches, and snacks in connection with school activities and the delivery of food. Food purchased and served outside the school district s defined food services program must be charged as a purchased service of the applicable function. Page 59

64 General Fund Appropriations Definition of Functions and Explanation of Variances Between Fiscal Years 2016 and Central Services. Activities, other than general administration, which support each of the other instructional and supporting services programs. These activities are defined in the following sub-functions: 7710 Planning, Research, Development, and Evaluation Services; 7720 Information Services; 7730 Staff Services; 7740 Statistical Services; 7760 Internal Services; and 7790 Other Central Services Student Transportation Services. Consists of those activities which have as their purpose the conveyance of pupils to and from school activities, either between home and school, school and school, or on trips for curricular or co-curricular activities. The cost associated with increasing the minimum hours on bus driver and bus attendant positions to 7.5 hours, as well as adding additional bus attendant positions, and increasing the minimum salary account for the increase to this category Operation of Plant. Consists of activities concerned with keeping the physical plant open and ready for use. Major components of this function are utilities, including telephone service, custodial costs, and insurance costs associated with the school buildings. Includes cleaning, disinfecting, heating, moving furniture, caring for grounds, security and other such activities that are performed on a daily, weekly, monthly or seasonal basis. An increase to the reserve for utilities due to a proposed rate increase by FPL account for the increase to this category Maintenance of Plant. Consists of activities that are concerned with keeping the grounds, buildings, and equipment at an acceptable level of efficiency through repairs or preventative maintenance. An increase in capital maintenance transfer expenditures to complete ongoing projects accounts for the increase to this category Administrative Technology Services. Technology activities that support the school district s information technology systems, including support of the administrative networks, maintenance of administrative information systems, and administrative and managerial data processing. These activities include expenditures for internal technology support, as well as support provided by external vendors using operating funds. These activities include costs associated with the administration and supervision of technology personnel, systems planning and analysis, systems application development, systems operations, network support services, hardware maintenance and support services, and other technology-related administrative costs Community Services. Community Services consist of those activities that are not related to providing education for pupils in a school system. These include services provided by the school system for the community as a whole or some segment of the community, such as community recreation programs, civic activities, public libraries, programs of custody and care of children, and community welfare activities. Page 60

65 General Fund Appropriations Definition of Functions and Explanation of Variances Between Fiscal Years 2016 and Debt Service. Expenditures for the retirement of debt and expenditures for interest on debt including interest on current loans Transfer of Funds. These are budgeted transactions which withdraw money from one fund and place it in another fund within the same government reporting entity Ending Fund Balance. The excess of total projected revenue and beginning fund balance over the total appropriations. This ending fund balance may be classified as nonspendable, restricted, committed, assigned or unassigned. The contingency fund is classified as unassigned fund balance. Board Policy 2.55 requires a contingency fund of 3% of total annual General Fund Appropriations and transfers. Page 61

66 CAPITAL PROJECTS FUNDS TENTATIVE FY 2017 REVENUE & APPROPRIATIONS The Capital Budget accounts for the financial resources that the district uses for acquisition or construction of major capital facilities and improvements to existing facilities. Land acquisition, equipment purchases, buses, maintenance and capital debt service are also accomplished with these funds. REVENUE ($MILLIONS) Tentative Revenue Tentative % of Revenue Total CO & DS Distributed $ % Public Educ Capital Outlay % Charter School Capital Outlay % Millage % Local Sales Tax % Interest % Impact Fees % Transfers In % Fund Balance % TOTAL REVENUE $ % Millage 63% Fund Balance 23% County Sales Tax 11% Interest <1% Charter School Capital Outlay <1% Public Educ Capital Outlay 1% CO & DS Distributed <1% Impact Fees <1% Transfers In <1% APPROPRIATIONS ($MILLIONS) Tentative % of ` Budget Total Buildings & Fixed Equip. $ % Furniture, Fixtures, & Equip % Remodeling & Renovations % Land % Motor Vehicles % Improvements % Computer Software % Transfers Out % TOTAL BUDGET $ % Remodeling & Renovations 11% Furniture, Fixtures, & Equip. 7% Tentative Appropriations Land <1% Motor Vehicles 5% Buildings & Fixed Equip. 13% Improvements 1% Computer Software 2% Transfers Out 61% Page 62

67 SPECIAL REVENUE - FOOD SERVICE FUND TENTATIVE FY 2017 REVENUE & APPROPRIATIONS Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than major capital projects) that are legally restricted or committed to expenditures for specific purposes. This particular fund is for school food service. Revenue is received from federal, state, and local sources to provide for the operation and maintenance of school meal programs. Funds are appropriated to provide for district-wide school cafeteria operation. REVENUE ($MILLIONS) Estimated % of Revenue Total Federal through State $ % State Sources % Local Sources % Fund Balance % TOTAL REVENUE $ % FY 2017 Tentative Revenue Fund Balance 23.93% Local Sources 13.27% Federal through State 61.88% State Sources 0.92% APPROPRIATIONS ($MILLIONS) Proposed % of Budget Total Salaries $ % Employee Benefits % Purchased Services % Energy Services % Materials & Supplies % Capital Outlay % Other Expenses % Subtotal $ % Fund Balance % TOTAL BUDGET $ % Other Expenses Capital Outlay 0.25% 2.52% FY 2017 Tentative Appropriations Materials & Supplies 33.67% Fund Balance 23.93% Salaries 20.91% Employee Benefits Purchased 8.90% Services 7.72% Energy Services 2.10% Page 63

68 SPECIAL REVENUE - OTHER FUNDS TENTATIVE FY 2017 REVENUE & APPROPRIATIONS Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than major capital projects) that are legally restricted or committed to expenditures for specific purposes. Revenue for this fund is primarily from federal sources and is to provide for specific educational programs administered by the School Board. REVENUE ($MILLIONS) Estimated % of Revenue Total IDEA $ % Title I % Federal Direct % Vocational Education Acts % Misc Federal Through State % State % Local Sources % TOTAL REVENUE $ % Vocational Education Acts 1.51% FY 2017 Tentative Revenue Title I 51.47% State 0.27% Local Sources 0.89% IDEA 35.89% APPROPRIATIONS ($MILLIONS) Proposed % of Budget Total Salaries & Employee Benefits $ % Purchased Services % Materials & Supplies % Capital Outlay % Other Expenses % TOTAL BUDGET $ % Materials & Supplies 7.84% Purchased Services 12.88% FY 2017 Tentative Appropriations Capital Outlay 1.99% Other Expenses 4.53% Salaries & Employee Benefits 72.78% Page 64

69 DEBT SERVICE FUNDS TENTATIVE FY 2017 REVENUE AND APPROPRIATIONS Debt Service Funds are used to account for the accumulation of resources for, and payment of, general long-term debt principal and interest. Revenue for this fund is comprised of the Interest and Sinking Ad Valorem Tax Levy, Bonds and Loans. CO&DS withheld for SBE/COBI Bonds are bonds and revenue certificates issued by the State Board of Education for the school district. This debt is retired through both the Debt Service Fund and the Capital Projects Fund. Monies are appropriated for the retirement of debt and the interest expense related to that debt. REVENUE ($MILLIONS) Estimated % of Revenue Total Federal Direct Sources $ % State Sources % Transfers In % Fund Balance % TOTAL REVENUE $ % FY 2017 Tentative Revenue Federal Direct Sources 1% Fund Balance 42% State Sources 1% Transfers In 56% APPROPRIATIONS ($MILLIONS) Proposed % of Budget Total SBE & COBI Bonds $ % Other Debt Service % Fund Balance % TOTAL BUDGET $ % FY 2017 Tentative Appropriations SBE & COBI Bonds 1% Fund Balance 43% Other Debt Service 56% Page 65

70 INTERNAL SERVICE FUNDS HEALTH AND LIABILITY SELF-INSURANCE TENTATIVE FY 2017 REVENUE & APPROPRIATIONS Internal Service Funds are utilized to track the cost of self-insurance. The District began self-insuring for health care costs in January 2008 and for general liability, auto liability and workers compensation claims in July Premium revenues and claims expense are recorded in this fund. REVENUE ($MILLIONS) Tentative % of Revenue Total Premium Revenue $ % Other Operating Revenue % Other Misc Local Revenue % Beginning Fund Balance % TOTAL REVENUE $ % Other Operating Revenue 2% Tentative Revenue Other Misc Local Revenue < 1 Beginning Fund Balance 23% Premium Revenue 75% APPROPRIATIONS ($MILLIONS) Tentative % of Budget Total Salaries & Benefits $ % Purchased Services % Material & Supplies % Capital Outlay % Other Expenses (Claims) % Ending Fund Balance % TOTAL BUDGET $ % Tentative Appropriations Employee Benefits <1% Salaries <1% Ending Fund Balance 21% Purchased Services <1% Material & Supplies <1% Capital Outlay <1% Other Expenses (Claims) 78% Page 66

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