Orange County Public Schools

Transcription

1 Orange County Public Schools Adopted Summary Budget

2 Orange County Public Schools ADOPTED BUDGET SUMMARY Fiscal Year INDEX Description Page Adoption of Millage... 1 RolledBack Rate Calculation... 3 Adoption of Budget... 5 Legal Advertisement... 6 Overview... 9 OPERATING BUDGET Pupil Enrollment Operating Budget Summary Operating Revenue Sources Total State Local Budget Allocations State Funding Categorical Allocations Operating Allocations Operating Appropriations by Schools & Centers Other Instructional Services Central & Regional Units Appropriations Districtwide Appropriations General Fund Capital Projects NonRecurring Appropriations Expenditures by Function CAPITAL BUDGET Narrative Revenues Appropriations DEBT SERVICE FUNDS SPECIAL REVENUE FUNDS Federal Grants American Recovery and Reinvestment Act Funds School Food Service Programs INTERNAL SERVICE FUNDS Employee Benefit Trust Fund Property Casualty Loss Fund Printing Services Fund... 79

3 Orange County Public Schools MEMO September 11, 2012 TO: FROM: SUBJECT: Barbara M. Jenkins, Superintendent Richard L. Collins, Chief Financial Officer AGENDA ITEM: Request Adoption of Millage to Support Final Budget BACKGROUND: Section (2)(f)(1), Florida Statutes, requires each School Board to hold a public hearing to finalize the budget within 80 days, but not earlier than 65 days of Certification of Value by the Property Appraiser. Following such hearing, the School Board must adopt the total millage required for support of the budget and adopt a final budget. The School Board is also required by law to publicly identify the percentage by which the millage exceeds the rolledback rate, computed in the manner prescribed by law. Essentially the rolledback rate is the millage which when applied to the current year s tax roll, and after adjusting for new growth, would produce the same dollars as received in the prior year. The proposed millage is less than the computed rolledback rate by 1.16%. The budget was advertised on July 26, 2012 and a public hearing was held on July 31, 2012 in accordance with Florida Statutes. It is recommended that the Board adopt the resolution below which incorporates the following millage for operation of the Orange County School System during the fiscal year. For informational purposes the proposed millage is contrasted with the millage levied for the fiscal year. FISCAL IMPACT STATEMENT: Required Local Effort Basic Discretionary Additional Voted Capital Improvement Total Authorized millage levies for the fiscal year as presented.

4 RECOMMENDED RESOLUTION: WHEREAS Section (2)(f)(1), Florida Statutes, requires that the School Board adopt a total millage to support the final budget, and notify the Property Appraiser of its action; and WHEREAS the final budget is based upon a total millage of mills, which is less than the rolledback rate by 1.16% as computed pursuant to Section (1), Florida Statutes; NOW, THEREFORE, BE IT RESOLVED by the School Board of Orange County, Florida, that the Board does hereby adopt the following total millage to support the final budget for the fiscal year: Required Local Effort Basic Discretionary.748 Additional Voted Capital Improvement Total BE IT FURTHER RESOLVED that the Superintendent immediately inform the Orange County Property Appraiser of the action of the School Board in the manner prescribed by law. SUBMITTED AND PREPARED BY: Richard L. Collins, Chief Financial Officer Dale C. Kelly, Senior Director Office of Management & Budget

5 Description FY13 FY12 FY11 FY10 FY09 Tax Roll 86,371,425,332 86,380,704,654 89,012,384, ,895,852, ,228,614,753 Growth $657,613,669 $905,996,685 $1,664,508,404 $2,435,911,111 $5,026,647,516 Calculation of the RollBack Rate 4 Current Year Gross Taxable Value $86,371,425,332 $86,380,704,654 $89,012,384,644 $101,895,852,052 $113,228,614,753 5 Current Year New Taxable Value 657,613, ,996,685 1,664,508,404 2,435,911,111 5,026,647,516 6 Current Year Adjustable Taxable Value (4) (5) 85,713,811,663 85,474,707,969 87,347,876,240 99,459,940, ,201,967,237 7 Prior Year Gross Taxable Value (From Prior Year DR403) 86,037,817,748 88,468,036, ,911,161, ,313,938, ,563,280,978 PRIOR YEAR MILLAGE LEVY 9 Required Local Effort Discretionary Additional Discretionary Critical Needs Additional Voted Capital Outlay PRIOR YEAR AD VALOREM PROCEEDS (4)X(5) 11 Required Local Effort $455,742,321 $477,373,523 $547,443,050 $560,783,492 $531,577,735 Discretionary 64,356,288 66,174,091 75,481,549 55,932,341 54,857,273 Additional Discretionary ,857,916 18,178,194 Critical Needs 0 22,117, Additional Voted 86,037, Capital Outlay 129,056, ,702, ,366, ,470, ,344, ,193, ,366, ,291, ,044, ,958, $279,450,832 $220,993,154 $226,848,291 $242,261,164 $234,380,389 CURRENT YEAR ROLLEDBACK RATE (6)/(3) 14 Required Local Effort Discretionary Additional Discretionary Critical Needs Additional Voted Capital Outlay

6 Description FY13 FY12 FY11 FY10 FY09 CURRENT YEAR PROPOSED MILLAGE 16 Required Local Effort Discretionary Additional Discretionary Critical Needs Additional Voted Capital Outlay CURRENT YEAR PROPOSED RATE CHANGE AS A % OF ROLLEDBACK RATE (8)(7)/(7 21 Required Local Effort 1.64% 5.16% 13.90% 3.78% 1.63% Discretionary 0.38% 3.38% 13.44% 33.01% 1.77% Additional Discretionary 0.00% 0.00% 0.00% % 5.36% Critical Needs 0.00% % 0.00% 0.00% 0.00% Additional Voted 0.38% 0.00% 0.00% 0.00% 0.00% Capital Outlay 0.38% 3.38% 13.44% 11.44% 0.59% % 4.58% 10.95% 4.97% 1.00% 1. The calculation of the rolledback rate does not include Debt Service Millage CURRENT YEAR PROPOSED AD VALOREM PROCEEDS (3)X(8) 18 Required Local Effort $451,722,554 $457,558,593 $480,310,828 $552,784,997 $565,350,473 Discretionary 64,605,826 64,612,767 66,581,264 76,218,097 56,387,850 Additional Discretionary ,003,350 Critical Needs ,253, Additional Voted 86,371,425 86,380, Capital Outlay 129,557, ,571, ,518, ,843, ,842, Total $732,256,944 $738,123,121 $702,663,764 $781,846,873 $809,584, $280,534,389 $280,564,529 $222,352,937 $229,061,875 $244,234,122

7 Orange County Public Schools MEMO September 11, 2012 TO: FROM: SUBJECT: Barbara M. Jenkins, Superintendent Richard L. Collins, Chief Financial Officer AGENDA ITEM: Adoption of the Final Budget BACKGROUND: Each School Board is required, after conducting a public hearing and after adopting a total millage rate, to adopt a Final Budget. This action must take place no earlier than 65 days and no later than 80 days following certification of taxable value by the Property Appraiser or July 1, whichever occurs later. FISCAL IMPACT STATEMENT: Authorizes expenditures for the fiscal year as presented. The Final Budget is posted on the website of Orange County Public Schools. RECOMMENDED RESOLUTION: This resolution is to be read as follows: 1. Approve the Budget for the General Fund $1,616,250, Approve the Budget for the Special Revenue Fund $98,629, Approve the Budget for the Debt Service Fund $222,909, Approve the Budget for the Capital Projects Fund $1,262,095, Approve the Budget for the Internal Service Fund $241,118,234 SUBMITTED AND PREPARED BY: Richard L. Collins, Chief Financial Officer Dale C. Kelly, Senior Director Office of Management & Budget

8 BUDGET SUMMARY THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE SCHOOL BOARD OF ORANGE COUNTY ARE 15.2% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES FISCAL YEAR PROPOSED MILLAGE LEVIES: OPERATING: CAPITAL OUTLAY: Required Local Effort Local Capital Improvement Discretionary DEBT SERVICE Additional Voted Millage not to Exceed 4 Years TOTAL MILLAGE GENERAL FUND SPECIAL REVENUE DEBT SERVICE CAPITAL PROJECTS TOTAL ALL FUNDS ESTIMATED REVENUES Federal Sources 2,801,000 65,607,929 1,789, ,198,642 State Sources 692,731,390 1,401,487 4,995,400 1,510, ,638,328 Local Sources 582,955,051 13,147, ,278, ,380,656 TOTAL SOURCES $1,278,487,441 $80,156,418 $6,785,113 $312,788,654 $1,678,217,626 Transfers In 16,831, ,690, ,521,399 Nonrevenue Sources Fund Balances/Reserves July 1, ,166,096 18,472, ,434, ,229, ,302,659 TOTAL REVENUES, TRANSFERS & BALANCES $1,609,484,916 $98,629,142 $222,909,206 $851,018,420 $2,782,041,684 EXPENDITURES Instruction 1,095,140,330 1,095,140,330 Pupil Personnel Services 31,681,725 31,681,725 Instructional Media Services 14,326,512 14,326,512 Instruction and Curriculum Development Services 49,483,120 49,483,120 Instructional Staff Training 2,292,974 2,292,974 Instructional Related Technology 13,133,255 13,133,255 Board of Education 3,442,888 3,442,888 General Administration 5,132,262 5,132,262 School Administration 89,566,166 89,566,166 Facilities Acquisition Construction 8,768, ,968, ,737,391 Fiscal Services 5,614,836 5,614,836 Food Services 78,710,150 78,710,150 Central Services 14,754,061 14,754,061 Pupil Transportation Services 58,663,354 58,663,354 Operation of Plant 116,742, ,742,593 Maintenance of Plant 31,693,499 31,693,499 Administrative Technology Services 23,922,925 23,922,925 Community Service Debt Service 100, ,337, ,438,411 TOTAL EXPENDITURES $1,564,460,293 $78,710,150 $114,337,418 $186,968,590 $1,944,476,451 Transfers Out 6,670, ,521, ,191,399 Fund Balances/Reserves June 30, ,354,623 19,918, ,571, ,528, ,373,834 TOTAL APPROPRIATED EXPENDITURES, TRANSFERS, RESERVES & BALANCES $1,609,484,916 $98,629,142 $222,909,206 $851,018,420 $2,782,041,684 The tentative, adopted, and/or final budgets are on file in the office of the above mentioned taxing authority as a public record.

9 NOTICE OF BUDGET HEARING The School Board of Orange County will soon consider a budget for A public hearing to make a DECISION on the budget AND TAXES will be held on July 31, 2012 at 5:30 P.M. at the Ronald Blocker Educational Leadership Center 445 West Amelia Street, Orlando, Florida.

10 NOTICE OF TAX FOR SCHOOL CAPITAL OUTLAY The School Board of Orange County will soon consider a measure to continue to impose a 1.5 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 $124,374,852 to be used for the following projects: CONSTRUCTION AND REMODELING Districtwide: heating, ventilation and air conditioning, electrical upgrades, painting, window replacement, roof replacements, carpentry upgrades, parking and site improvements, flooring replacements, security upgrades, structural modification, plumbing upgrades, fire alarm and intercom expansions and/or improvements, portable replacements, playground replacement equipment, technology retrofits, network technology, portable moves and hookups, ancillary spaces, safety correction and project management Classroom AdditionWinegard Elementary MAINTENANCE, RENOVATION AND REPAIR Transfer to the General Fund for maintenance and equipment Modular renovation and shelter retrofits MOTOR VEHICLE PURCHASES Purchase of 108 school buses NEW AND REPLACEMENT EQUIPMENT, COMPUTERS AND ELECTRONIC LEARNING DEVICES, AND ENTERPRISE RESOURCE SOFTWARE Districtwide furniture, equipment and technology PAYMENTS FOR EDUCATIONAL FACILITIES AND SITES DUE UNDER A LEASE PURCHASE AGREEMENT Annual master lease payments for various facilities and renovations Annual lease payments for purchase of buses, vehicles, equipment and portable buildings PAYMENTS FOR RENTING AND LEASING EDUCATIONAL FACILITIES AND SITES Districtwide educational facilities PAYMENTS OF COSTS OF COMPLIANCE WITH ENVIRONMENTAL STATUTES, RULES AND REGULATIONS Removal of hazardous waste All concerned citizens are invited to a public hearing to be held on July 31, 2012 at 5:30 P.M. at the Ronald Blocker Educational Leadership Center, 445 West Amelia Street, Orlando, Florida. A DECISION on the proposed CAPITAL OUTLAY TAXES will be made at this hearing.

11 Overview The Orange County Public School ("OCPS") budget is split into five major separate and distinct types: the operating budget, the capital budget, debt service, special revenue funds and internal service funds. When reviewing the figures in this budget summary, it is important to note that the budgets are kept separately because they each have separate and distinct purposes. Also, there are some restrictions on the movement of funds between types. The operating budget consists primarily of the funds required to run the daytoday operations of the school district. This includes teacher salaries, ordinary maintenance of facilities, transportation, and administration. The capital budget is used for the construction of new buildings and renovation of existing buildings (but not ordinary building maintenance). The debt service budget is used for the payment of principal and interest on borrowed funds. The special revenue funds account for the federal categorical grants, federal stimulus funds as well as the operations of the school food service program. The internal service funds account for the costs associated with Employee Benefit Trust Fund (Health Insurance), the Property Casualty Loss Fund and the Printing Services Fund. These are internal service funds because the revenues are derived from the operating and special revenue budgets or employee or retiree contributions. The operating budget summary for is broken out into two major sections: 1) Sources of Revenue (where OCPS' money comes from); and 2) Appropriations or Allocation of Dollars (how the money is spent). In addition, the appropriation section is provided in several different formats to provide the reader an overall picture of where the school system's money is spent. For example, the budget is broken out by function (the purposes for which the money is used), by state mandated allocations for specific programs, and by type of school (elementary, middle, high school, etc.). To make the figures more meaningful to the reader, perstudent figures are provided in addition to total dollar figures. The FY1213 Operating Budget as presented does not contain any Federal Stimulus funding. For comparative purposes Federal Stimulus funds are included in the FY0910 and the FY1011 Operating Budget Summary numbers presented and subsequent table analyses to better illustrate the actual funding that was available to support the normal operating budget appropriations. The FY0910 Actual Results include $66.3m and the FY1011 Actual Results include $61.6m in Federal Stimulus funding.

12 OCPS Full Time Equivalent Pupil Enrollment Full Time Equivalent Pupil Enrollment October & February FTE Surveys Table 1 School Year K12 Enrollment Annual Increase % Annual Increase ,156 7, % ,072 6, % ,643 2, % ,408 (1,235) 0.71% ,412 (996) 0.58% ,036 (1,377) 0.80% ,758 1, % ,389 2, % ,958 4, % ,250 4, % 185,000 FULL TIME PUPIL ENROLLMENT 180, , , , , , ,

13 Operating Budget Summary Adopted Operating Budget FY1213 FY0910 FY1011 FY1112 FY1112 FY1213 Description Actual Actual Adopted Projected Adopted Results¹ Results¹ Budget Results Budget Revenues Federal 71,364,598 65,098,235 2,691,000 4,476,827 2,801,000 State 531,049, ,620, ,333, ,683, ,731,390 Local 636,979, ,386, ,386, ,831, ,010,301 Total Revenue 1,239,393,772 1,271,105,555 1,218,410,728 1,228,991,667 1,278,542,691 Other Sources Of Funds Transfers In 3,930,913 9,608,646 16,914,047 16,400,286 16,684,979 NonRevenue Receipts 488,631 2,023,690 Total Other Sources Of Funds 4,419,544 11,632,336 16,914,047 16,400,286 16,684,979 Beginning Fund Balance Encumbrances 18,437,139 16,160,245 16,160,245 23,007,538 23,007,538 Rebudgets State Categoricals 21,137,303 8,121,378 8,121,378 18,102,521 18,102,521 Rebudgets Schools 54,203,568 75,732,432 75,732,432 69,032,183 69,032,183 Reserve for FTE Repayment Adjustment to Actual Unappropriated Balance 128,221, ,040, ,863, ,819, ,880,705 Total Beginning Fund Balance 221,999, ,055, ,877, ,962, ,022,946 T O T A L 1,465,812,596 1,531,792,913 1,498,202,552 1,583,354,056 1,616,250,616 Appropriations Schools, Centers and Systemwide Elementary Schools 443,091, ,078, ,168, ,072, ,720,188 Middle Schools 187,391, ,051, ,065, ,123, ,310,948 High Schools 230,664, ,136, ,021, ,156, ,260,298 Special Centers 31,878,220 33,297,668 51,733,572 51,583,307 53,956,061 Charter Schools 31,710,863 44,429,950 40,706,688 43,029,102 47,811,131 Career and Technical Education 30,523,432 30,340,221 28,942,996 30,116,993 28,431,585 Systemwide Instructional Services 46,852,841 32,150,290 47,993,777 48,437,037 49,772,080 Categorical Appropriations 26,788,267 24,957,842 3,363,922 4,051,084 5,111,669 SubTotal 1,028,900,607 1,011,442,386 1,063,996,679 1,072,569,328 1,118,373,960 Central & Regional Units, Districtwide & Capital Projects Central & Regional Units 149,000, ,980, ,890, ,319, ,661,210 Districtwide Costs 10,328,751 16,285,620 16,541,202 15,396,913 14,911,789 Salary Lapse Factor (5,440,415) (5,440,415) (7,404,268) NonRecurring Appropriations 12,150,195 3,483, ,063,901 15,415, ,854,424 General Fund Capital Projects 9,707,205 10,968,243 18,914,047 18,400,286 18,684,979 SubTotal 181,186, ,718, ,969, ,091, ,708,134 Total Expenditures/Appropriations 1,210,087,574 1,187,160,809 1,354,966,175 1,255,661,110 1,461,082,094 Other Uses Of Funds Transfers Out 6,670,000 6,670,000 6,670,000 6,670,000 6,670,000 Total Other Uses Of Funds 6,670,000 6,670,000 6,670,000 6,670,000 6,670,000 Ending Fund Balance Encumbrances 16,160,245 23,007,538 16,160,245 23,007,538 23,007,538 Rebudgets State Categoricals 8,121,378 18,102,521 8,121,378 18,102,521 18,102,521 Rebudgets Schools 75,732,432 69,032,183 75,732,432 69,032,183 69,032,183 Reserve for Compensation Reserve for Contingency 37,181,813 38,133,167 36,552,322 36,869,750 38,356,281 Unappropriated Balance 111,859, ,686, ,010,955 0 Total Ending Fund Balance 249,055, ,962, ,566, ,022, ,498,523 T O T A L 1,465,812,596 1,531,792,913 1,498,202,552 1,583,354,056 1,616,250,616 ¹The FY0910 & FY1011 Actual Results as presented includes $66.3m and $61.6m respectively of Federal Stimulus funding for comparative purposes.

14 OCPS Total Operating Revenue Sources Fiscal Year This table shows the sources of OCPS operating revenues. State and local taxes provide the bulk of the District s revenue. Included in the FY1011 and FY1112 presentation is Federal Stimulus funding that temporarily bolstered operating revenues to help offset State funding declines in the FEFP and WFDFP. Rebudgets refers to funds that were not spent in the prior year, some of which are required to be spent toward the specific category for which they were originally intended. Prior Year Surplus includes funds that were not spent in the prior year, and are limited by Board Policy to be used to fund the financial emergency reserve and nonrecurring appropriations. The per student revenue was calculated based on the fulltime equivalent enrollments of 180,008, 182,639 and 187,208 and 191,804 students respectively which includes Full Time Equivalent Workforce students. For a breakdown of state and local revenue sources, see Tables 4 and 6. Total Operating Revenue Sources Table 2 Revenue Source FY0910 FY1011 FY1112 FY1213 Federal $ 71,364,598 $65,098,235 $ 4,476,827 $ 2,801,000 State $ 533,541,707 $ 638,363,524 $ 633,683,218 $ 692,731,390 Local $ 638,907,010 $ 579,276,132 $ 607,231,907 $ 599,695,280 Total Revenue $ 1,243,813,316 $ 1,282,737,891 $ 1,245,391,952 $ 1,295,227,670 Rebudgets $ 93,778,010 $ 100,014,055 $ 110,142,241 $ 110,142,241 Prior Year Surplus $ 128,221,271 $ 149,040,967 $ 227,819,862 $ 210,880,705 Total Available $ 1,465,812,596 $ 1,531,792,913 $ 1,583,354,056 $ 1,616,250,616

15 Operating Revenues Per Student Table 3 Revenue Source FY0910 FY1011 FY1112 FY1213 Federal $ $ $ $ State $ 2, $ 3, $ 3, $ 3, Local $ 3, $ 3, $ 3, $ 3, Total Revenue $ 6, $ 7, $ 6, $ 6, Rebudgets $ $ $ $ Prior Year Surplus $ $ $ 1, $ 1, Total Available $ 8, $ 8, $ 8, $ 8, Operating Revenues Per Student FY Rebudgets 7% Local 40% Prior Year Surplus 11% Federal 0% State 42%

16 OCPS Operating Revenue Sources State Revenue Fiscal Year This table depicts the breakdown of state revenue categories for OCPS operating budget. State revenues account for almost one half of OCPS operating revenues. Funding of these categories is derived primarily from Florida s sales tax, estate tax, (taxes on estates upon death), and the state lottery. The Florida Education Finance Program (FEFP) is the key funding formula for the allocation of state dollars which is based on the number of students in a district. The FEFP also specifies how much each district must contribute in local revenue dollars. FEFP funding represents 51.13% of state revenue to the district. Categoricals are statemandated programs for which money is provided only for the specific programs identified by the state (for example, Class Size Reduction and Instructional Materials). Details of state categoricals are provided in Table 8. The categorical funds are 40.59% of the state revenue to the district. PECO refers to the Public Education Capital Outlay fund. For the operating budget described here, the PECO money is allotted for maintenance of schools. For the second year in a row, the State has not allotted any PECO funds for traditional K12 schools. Total State Revenue Sources Table 4 Revenue Source FY0910 FY1011 FY1112 FY1213 FEFP $ 201,800,144 $ 291,613,172 $ 305,769,419 $ 354,203,419 WFDFP $ 30,899,520 $ 30,217,305 $ 31,919,723 $ 31,712,727 Categorical Funding $ 256,831,528 $ 266,759,210 $ 269,969,272 $ 281,169,644 Lottery $ 501,156 $ 682,043 $ 605,668 $ Transportation $ 26,627,457 $ 26,953,808 $ 24,833,057 $ 25,094,740 Miscellaneous $ 14,389,668 $ 15,395,279 $ 586,079 $ 550,861 PECO Maintenance $ 2,492,234 $ 6,742,707 $ $ Total State Revenue $ 533,541,707 $ 638,363,524 $ 633,683,218 $ 692,731,390

17 State Revenue Sources Per Student Table 5 Revenue Source FY0910 FY1011 FY1112 FY1213 FEFP $ 1, $ 1, $ 1, $ 1, WFDFP $ $ $ $ Categorical Funding $ 1, $ 1, $ 1, $ 1, Lottery $ 2.78 $ 3.73 $ 3.24 $ Transportation $ $ $ $ Miscellaneous $ $ $ 3.13 $ 2.87 PECO Maintenance $ $ $ $ Total State Revenue $ 2, $ 3, $ 3, $ 3, State Revenue Sources Per Student FY Lottery 0% Transportation 4% Miscellaneous 0% PECO Maintenance 1% Categorical Funding 41% FEFP 51% WFDFP 4%

18 OCPS Operating Revenue Sources Local Revenue Fiscal Year This table depicts the breakdown of local revenue sources, the most significant of which is property taxes. Property taxes account for 98.26% of local revenue sources. Miscellaneous revenues include fees paid by individuals who attend adult education courses and the fees paid by those renting school board owned facilities. Total Local Revenue Sources Table 6 Revenue Source FY0910 FY1011 FY1112 FY1213 Property Taxes $ 605,538,035 $ 551,026,572 $ 594,524,747 $ 589,249,795 Interest $ 5,250,637 $ 3,513,348 $ 2,600,000 $ 2,000,000 Federal Indirect Cost $ 7,204,739 $ 7,725,666 $ 3,227,620 $ 2,475,200 Miscellaneous $ 20,913,599 $ 17,010,546 $ 6,879,541 $ 5,970,285 Total Local Revenue $ 638,907,010 $ 579,276,132 $ 607,231,907 $ 599,695,280

19 Local Revenue Sources Per Student Table 7 Revenue Source FY0910 FY1011 FY1112 FY1213 Property Taxes $ 3, $ 3, $ 3, $ 3, Interest $ $ $ $ Federal Indirect Cost $ $ $ $ Miscellaneous $ $ $ $ Total Local Revenue So $ 3, $ 3, $ 3, $ 3, Local Revenue Sources Per Student FY Interest 0% Federal Indirect Cost 1% Miscellaneous 1% Property Taxes 98%

20 OCPS State Funding Categorical Allocations Fiscal Year Of the $692,731,390 state revenue dollars, $281,169,644 (40.59%) is provided for specific programs. This is referred to as categorical funding since the money must be used for the specific category of program for which it is designated. The following shows how state dollars are required to be spent. State Categorical Allocations Table 8 State Categorical Description FY0910 FY1011 FY1112 FY1213 Instructional Materials $ 12,701,514 $ 13,401,645 $ 13,461,802 $ 13,780,504 Library Materials $ 762,664 $ 804,802 $ 811,532 $ 828,199 Science Lab Materials $ 208,462 $ 219,979 $ 221,819 $ 226,374 Safe Schools $ 4,862,113 $ 4,667,152 $ 4,385,998 $ 4,405,366 Supplemental Academic Instruction $ 37,651,463 $ 37,869,178 $ 36,929,501 $ 38,846,196 Supplemental Reading Instruction $ 6,502,701 $ 6,542,569 $ 6,388,037 $ 8,586,722 Class Size Reduction $ 191,648,547 $ 200,692,344 $ 204,862,949 $ 211,559,396 Special Teacher Compensation $ 29,084 $ 45,699 $ 154,301 $ DJJ Supplemental Funding $ 301,479 $ 325,149 $ 499,512 $ 491,992 Virtual Education $ $ $ 108,412 $ 251,319 Teachers Lead Program $ 2,163,501 $ 2,190,693 $ 2,145,409 $ 2,193,576 Total State Categoricals $ 256,831,528 $ 266,759,210 $ 269,969,272 $ 281,169,644 State Categorical Allocations Per Student Table 9 State Categorical Description FY0910 FY1011 FY1112 FY1213 Instructional Materials $ $ $ $ Library Materials $ 4.24 $ 4.41 $ 4.33 $ 4.32 Science Lab Materials $ 1.16 $ 1.20 $ 1.18 $ 1.18 Safe Schools $ $ $ $ Supplemental Academic Instruction $ $ $ $ Supplemental Reading Instruction $ $ $ $ Class Size Reduction $ 1, $ 1, $ 1, $ 1, Special Teacher Compensation $ 0.16 $ 0.25 $ 0.82 $ DJJ Supplemental Funding $ 1.67 $ 1.78 $ 2.67 $ 2.57 Virtual Education $ $ $ 0.58 $ 1.31 Teachers Lead Program $ $ $ $ Total State Categoricals $ 1, $ 1, $ 1, $ 1,468.25

21 OCPS Operating Allocations One way to examine the OCPS budget is by general operating category. There are nine basic operating categories: * Schools & Centers * NonRecurring Appropriations * Other Instructional Services * General Fund Capital Projects * Categorical Programs * Rebudgets and Encumbrances * Central & Regional Units * Contingency * Districtwide Costs Schools and Centers are the allocations sent directly to the individual schools or centers. (See Table 12 for a further breakdown of allocations). Other Instructional Services are allocations for schools managed by District instructional departments or the Regional Learning Communities. (See Table 15). Categorical Programs are allocations for schools which require special accounting by the State. (See Table 8). Central & Regional Units allocations are for centralized departments such as the Office of the Superintendent, School Board, Operations Services, Facilities Services, Fiscal Services and Exceptional Student Education. (See Table 16 for a further breakdown of allocations). Districtwide allocations relate to funds used at the district level. These include property and liability insurance, worker s compensation insurance, accumulated sick leave payout upon retirement, annual leave payout, bank service charges and fees. (See Table 18). NonRecurring Appropriations are discretionary funds from prior years operations which may only be used for nonrecurring purposes. (See Table 20). General Fund Capital Projects primarily include the costs of portable classrooms and construction project management. (See Table 19). Rebudgets and Encumbrances are funds remaining from the prior year, some of which may be used only for the specified purpose for which they were originally designated. Contingency allocations provide for unforeseen events which cause a financial emergency.

22 Operating Allocations Table 10 Description FY0910 FY1011 FY1112 FY1213 Schools & Centers $ 955,259,500 $ 954,334,254 $ 1,020,081,207 $ 1,063,490,211 Other Instructional Services $ 46,852,841 $ 32,150,290 $ 48,437,037 $ 49,772,080 Categorical Programs $ 26,788,267 $ 24,957,842 $ 4,051,084 $ 5,111,669 Central & Regional Units $ 149,000,816 $ 144,980,684 $ 139,319,297 $ 150,661,210 Districtwide Costs $ 10,328,751 $ 16,285,620 $ 15,396,913 $ 14,911,789 Salary Lapse Factor $ $ $ (5,440,415) $ (7,404,268) NonRecurring Appropriations $ 12,150,195 $ 3,483,877 $ 15,415,701 $ 165,854,424 General Fund Capital Projects $ 9,707,205 $ 10,968,243 $ 18,400,286 $ 18,684,979 Transfers $ 6,670,000 $ 6,670,000 $ 6,670,000 $ 6,670,000 Rebudgets & Encumbrances $ 100,014,055 $ 110,142,241 $ 110,142,241 $ 110,142,241 Reserve For Compensation $ $ $ $ Contingency $ 149,040,967 $ 227,819,862 $ 210,880,705 $ 38,356,281 Total $ 1,465,812,596 $ 1,531,792,913 $ 1,583,354,056 $ 1,616,250,616 Operating Allocations Per Student Table 11 Description FY0910 FY1011 FY1112 FY1213 Schools & Centers $ 5, $ 5, $ 5, $ 5, Other Instructional Services $ $ $ $ Categorical Programs $ $ $ $ Central & Regional Units $ $ $ $ Districtwide Costs $ $ $ $ Salary Lapse Factor $ $ $ (29.06) $ (38.60) NonRecurring Appropriations $ $ $ $ General Fund Capital Projects $ $ $ $ Transfers $ $ $ $ Rebudgets & Encumbrances $ $ $ $ Reserve For Compensation $ $ $ $ Contingency $ $ 1, $ 1, $ Total $ 8, $ 8, $ 8, $ 8,426.56

23 OCPS Operating Appropriations by Schools & Centers Fiscal Year While other charts break down appropriation of money by function or operating allocation, the following charts show how the money is allocated among the various types of schools (i.e. elementary, middle, etc.) Special Centers are schools that serve students with special needs, for example, students with profound handicaps and those who have disciplinary problems. Special Centers include Cherokee, Magnolia, Gateway and Silver Star Centers, among others. Career & Technical Centers provide technical training to adults primarily. These centers include Orlando Tech, Winter Park Tech, MidFlorida Tech, Westside Tech and Avalon Center for Technical Excellence. Schools and centers appropriations account for approximately 65.80% of the operating budget. Schools & Centers Appropriations Table 12 Schools FY0910 FY1011 FY1112 FY1213 Elementary $ 443,091,922 $ 459,078,941 $ 468,072,034 $ 485,720,188 Middle $ 187,391,023 $ 176,051,249 $ 192,123,136 $ 201,310,948 High $ 230,664,040 $ 211,136,225 $ 235,156,635 $ 246,260,298 Special Centers $ 31,878,220 $ 33,297,668 $ 51,583,307 $ 53,956,061 Charter Schools $ 31,710,863 $ 44,429,950 $ 43,029,102 $ 47,811,131 Career & Technical Centers $ 30,523,432 $ 30,340,221 $ 30,116,993 $ 28,431,585 Total $ 955,259,500 $ 954,334,254 $ 1,020,081,207 $ 1,063,490,211

24 Schools & Centers Appropriations Per Student Table 13 Schools FY0910 FY1011 FY1112 FY1213 Elementary $ 5, $ 5, $ 5, $ 5, Middle $ 5, $ 4, $ 5, $ 5, High $ 4, $ 4, $ 4, $ 5, Special Centers $ 8, $ 7, $ 10, $ 10, Charter Schools $ 7, $ 7, $ 6, $ 6, Career & Technical Centers $ 3, $ 3, $ 3, $ 3, Total $ 5, $ 5, $ 5, $ 5, Dollars Per Student FY 1213 $11, $9, $7, $5, $3, $1, Elementary Middle High Special Centers Charter Schools Career & Technical Centers

25 Schools & Centers FTE Table 14 Schools FY0910 FY1011 FY1112 FY1213 Elementary 79, , , , Middle 37, , , , High 46, , , , Special Centers 3, , , , Charter Schools 4, , , , Career & Technical Centers 8, , , , Total 180, , , , FTE by School Type FY Special Centers 3% Charter Schools 4% Career & Technical Centers 4% High 26% Elementary 43% Middle 20%

26 Other Instructional Services Table 15 Category Description FY0910 FY1011 FY1112 FY1213 After School Tutorial Program $ 228,674 $ 202,795 $ 272,000 $ 280,000 AP Bonus $ 377,852 $ 421,438 $ 672,970 $ 425,641 Dual Enrollment Valencia/OCPS $ 67,608 $ 48,907 $ 70,000 $ 70,000 Code Of Conduct Printing $ 134,000 $ 134,000 $ 134,000 $ 135,000 Curriculum Development $ 68,777 $ 92,001 $ 90,000 $ 90,000 SRO Training $ 47,235 $ 14,047 $ 50,000 $ 50,000 Districtwide Athletics $ 41 $ 2 $ 15,000 $ Dropout Programs Contracted Child Care $ 802,173 $ 826,833 $ 817,000 $ 817,000 Dropout Programs Contracted Nursing Services $ 27,139 $ 30,900 $ 30,000 $ 30,000 Dropout Programs Teen Parent Hourly $ 69,803 $ 71,353 $ 71,500 $ 71,500 Dropout Programs TP Instructional Materials $ 13,674 $ 6,658 $ 7,600 $ 7,600 ESOL Endorsement Materials $ 4,948 $ 11,076 $ 30,000 $ 10,000 ESOL Student Tests $ 16,729 $ 165,228 $ 72,000 $ 72,000 Florida School Music Association Membership $ 13,983 $ 13,983 $ 15,131 $ 15,555 Hearing Officer Student Discipline $ 40,131 $ 37,308 $ 63,065 $ 63,065 Hearing/Vision Impaired Services $ 88,752 $ 64,940 $ 155,109 $ 80,109 Instructional Materials(Dual Enrollment) $ 358,333 $ 434,162 $ 400,000 $ 400,000 Instructional Materials (Central Adoption) $ 13,664,157 $ (3,144,563) $ 9,200,000 $ 9,800,000 Instructional Materials (Redistribution) $ $ $ 47,848 $ 48,000 Environmental Education $ (337) $ $ $ Music Itinerant Teachers $ 548,789 $ 550,673 $ 522,154 $ 527,359 Nursing Support $ $ 22,540 $ 22,540 $ 22,540 PreSchool Handicapped PEC Supplement $ 9,656 $ 11,271 $ 13,590 $ 13,590 Speech & Language Therapists $ 10,303,370 $ 10,308,461 $ 10,296,005 $ 10,373,980 Summer School Elementary ESY $ 849,687 $ 1,091,177 $ 1,068,591 $ 1,072,255 Summer School Extended Contracts $ 2,444,451 $ 2,415,385 $ 1,326,668 $ 1,331,217 Summer School High $ 1,409,067 $ 1,439,342 $ 1,870,724 $ 1,876,109 Summer School Middle $ 544,751 $ 303,450 $ 408,449 $ 409,404 Summer School Special Ctr ESY $ 547,612 $ 634,984 $ 872,237 $ 875,228 Summer Reading Camp (8th Grade) $ 123,230 $ 120,564 $ 63,919 $ 64,138 Summer Reading Camp (3rd & 12th Grade) $ 644,129 $ 736,254 $ 844,360 $ 846,912 Summer School Transportation $ 1,190,417 $ 1,052,528 $ 1,205,098 $ 1,209,058 Teacher Training $ 94,606 $ 92,021 $ 258,500 $ 258,500 Textbook Adoption $ 10,369 $ 3,108 $ 47,955 $ 21,000 Student Translation Services $ 65,981 $ 59,299 $ 72,800 $ 90,000 United Arts in Education $ 345,263 $ 345,263 $ 412,500 $ 412,500 United Arts Transportation $ 398,137 $ 345,640 $ 412,500 $ 412,500 Social Workers $ 1,842,827 $ 1,698,516 $ 1,801,152 $ 1,842,933 Psychologists $ 774,514 $ 856,709 $ 2,314,795 $ 2,316,549 Itinerant Teachers $ 2,234,853 $ 2,322,554 $ 2,366,758 $ 2,292,576 Teacher Mentor Program $ 319,485 $ 407,288 $ 408,000 $ 408,000 ESOL Certification Training $ 243,111 $ 248,890 $ 250,000 $ 250,000 School Performance Monitoring $ 2,075,229 $ 1,940,263 $ 1,543,772 $ 1,640,100 Recruitment & Retention $ 623,487 $ 1,008,309 $ 2,401,753 $ 3,099,582 Educational Resource Center $ 8,859 $ 10,302 $ 10,000 $ 10,000 Reading Training, Materials & Consultants (SRI) $ 423,808 $ 248,163 $ 300,000 $ 300,000 Parent Guides $ 6,495 $ 21,234 $ 24,365 $ 24,365 SACS Accreditation Dues $ 10,625 $ 11,250 $ 12,500 $ 17,725 Connect Ed/School Messenger $ 525,690 $ 262,845 $ 262,845 $ 262,845 Emergency Nursing Services Student Health Services $ $ $ 322,500 $ 322,500 Middle Years IB Program $ 289,782 $ 325,629 $ 300,000 $ 300,000 Destiny Library Management Web Based Solution $ 209,110 $ 229,366 $ 240,000 $ 280,000 Instructional Staff Modification $ $ 1,713,008 $ 2,975,600 $ 2,975,600

27 Other Instructional Services Table 15 Category Description FY0910 FY1011 FY1112 FY1213 IB Program Evans & Jones $ 170,772 $ 162,026 $ 180,200 $ 180,200 Certica Software Maintenance $ 119,075 $ 108,371 $ $ Postsecondary K12 Support $ 659,462 $ 699,115 $ 699,025 $ 699,025 Back on Track $ 28,685 $ 63,072 $ 91,781 $ 100,000 Middle School Alternatives $ 733,786 $ 850,354 $ 179 $ PSAT Testing $ $ $ $ 168,319 Total $ 46,852,841 $ 32,150,290 $ 48,437,037 $ 49,772,080

28 OCPS Other Instructional Services Appropriations Fiscal Year Table 15 depicts the Other Instructional Services Appropriations referred to previously in Table 10. Other Instructional Services are for the appropriations that are managed centrally but the services are for students. Other Instructional Services appropriations account for approximately 3.08% of the operating budget.

29 OCPS Central & Regional Units Appropriations Fiscal Year This table depicts the Central & Regional Units Appropriations referred to previously in Table 10. Central and regional units include funds for departments such as Office of the Superintendent, School Board, Operations Services, Facilities Services, Fiscal Services and Exceptional Student Education. Department appropriations account for approximately 9.32% of the operating budget. Central & Regional Units Appropriations Table 16 Category Description FY0910 FY1011 FY1112 FY1213 School Board $ 616,202 $ 619,020 $ 654,980 $ 795,555 Office of the Superintendent $ 2,261,986 $ 2,399,581 $ 2,615,869 $ 2,599,820 Office of Deputy Superintendent $ 3,423,864 $ 3,501,860 $ 3,583,201 $ 3,569,935 Research, Accountability, & Grants $ 1,294,538 $ 1,224,518 $ 1,182,253 $ 1,657,175 Chief Acadmic Officer $ 4,666,753 $ 4,292,048 $ 4,820,851 $ 5,363,911 Career and Technical Education $ 8,270,582 $ 4,031,068 $ 2,915,451 $ 4,260,431 Exceptional Student Education $ 2,728,821 $ 2,793,142 $ 2,239,938 $ 2,321,010 School Choice $ 367,763 $ 498,035 $ 531,707 $ 652,168 School Transformation Office $ 469,417 $ 1,112,437 $ 1,011,148 $ 1,189,385 Fiscal Services $ 5,952,735 $ 6,039,972 $ 5,770,030 $ 6,599,730 Facilities Services $ 34,727,273 $ 34,396,055 $ 33,538,132 $ 33,443,124 Operations Services $ 71,738,087 $ 72,115,739 $ 74,406,628 $ 81,997,471 Chief Of Staff & Human Resources $ 8,825,269 $ 8,587,446 $ 8,911,368 $ 9,186,744 Utilities $ 3,657,526 $ 3,369,763 $ 3,538,026 $ 3,709,730 Cap Proj Costs Reflected GF $ $ $ (6,400,286) $ (6,684,979) Total $ 149,000,816 $ 144,980,684 $ 139,319,297 $ 150,661,210

30 Central & Regional Units Appropriations Per Student Table 17 Category Description FY0910 FY1011 FY1112 FY1213 School Board $ 3.42 $ 3.39 $ 3.50 $ 4.15 Office of the Superintendent $ $ $ $ Office of Deputy Superintendent $ $ $ $ Research, Accountability, & Grants $ 7.19 $ 6.70 $ 6.32 $ 8.64 Chief Acadmic Officer $ $ $ $ Career and Technical Education $ $ $ $ Exceptional Student Education $ $ $ $ School Choice $ 2.04 $ 2.73 $ 2.84 $ 3.40 School Transformation Office $ 2.61 $ 6.09 $ 5.40 $ 6.20 Fiscal Services $ $ $ $ Facilities Services $ $ $ $ Operations Services $ $ $ $ Chief Of Staff & Human Resources $ $ $ $ Utilities $ $ $ $ Cap Proj Costs Reflected GF $ $ $ (34.19) $ (34.85) Total $ $ $ $ Central & Regional Units Appropriations Per Student FY School Board.5% Chief Of Staff & Human Resources 6% Office of the Superintendent 2% Office of Deputy Superintendent 2% Academic Services.5% Curriculum & Student Services 5% Exceptional Student Services 2% Operations Services 53% Exceptional Student Education 2% Facilities Services 23% School Choice 0% Chief Of Staff & Human Resources 6% Operations Services 54%

31 OCPS Districtwide Appropriations Fiscal Year This table depicts the Districtwide Appropriations referred to previously in Table 10. Districtwide funds are those used to cover district costs not allocated to a specific department such as state book entry for Motor Vehicle License Tax Bonds, the District external audit, software maintenance fees, business system improvements, Unemployment Compensation and bank service charges. Districtwide appropriations account for.92% of the operating budget.

32 Districtwide Appropriations Table 18 Category Description FY0910 FY1011 FY1112 FY1213 Annual Leave Payout* $ 1,106,788 $ 1,241,923 $ 910,000 $ 910,000 Bank Service Chgs/Fees $ 9,449 $ 110,611 $ 186,500 $ 186,500 Boiler Inspections $ 6,000 $ 1,860 $ 6,000 $ 7,000 Budget Advertisement $ 4,071 $ 3,252 $ 4,095 $ 4,607 CO & DS $ 98,305 $ 100,317 $ 100,861 $ 100,861 COPS Annual Fees $ 61 $ 61 $ 132 $ 132 District External Audit $ 223,000 $ 206,000 $ 269,000 $ 245,000 DistrictWide Drug Testing* $ 36,251 $ 41,507 $ 50,000 $ 50,000 Employee Assistance Program* $ 172,725 $ 178,394 $ 183,001 $ 183,001 Employee Recognition Program* $ 60,233 $ 57,428 $ 60,000 $ 60,000 Environmental Compliance $ 30,680 $ $ 100,000 $ EXCEL Building Maintenance $ 79,996 $ 129,438 $ 152,278 $ 159,005 FDLE Background Checks No Shows* $ 8,897 $ 42,308 $ 50,130 $ 50,130 FDLE Background Checks Volunteers* $ 125,000 $ 98,719 $ 125,000 $ 125,000 Hepatitus "B" InnoculationsSpecific Employees* $ $ $ 20,000 $ Interscholastic Athletic Insurance* $ 395,335 $ 451,345 $ 451,345 $ 451,345 Loss Fund* $ 9,520,244 $ 9,235,780 $ 9,840,538 $ 10,280,410 Merit PayCTA Contract $ 99,823 $ 95,631 $ 100,000 $ 100,000 Park Building Lease $ 111,629 $ $ $ Printing CTA Contract $ 2,517 $ 1,500 $ 2,000 $ 2,000 Printing OESPA Contract $ $ 1,532 $ 2,000 $ 2,000 Property Adjustment Board $ 91,134 $ 116,126 $ 91,100 $ 116,126 Reclassifications* $ $ $ 160,000 $ School Internal Account Audits $ 142,295 $ 145,632 $ 142,875 $ 152,000 Sick Leave Accumulation Payout* $ 9,607,624 $ 9,012,294 $ 8,012,000 $ 8,012,000 Sick Leave Bank Usage Charges $ 1,787,748 $ 1,976,239 $ 1,976,239 $ 1,976,239 Sonitrol Security System & Contract $ 405,135 $ 539,865 $ 545,000 $ 545,000 Sound LabGatlin Center $ 64,134 $ 61,864 $ 63,930 $ 64,932 Stale Dated Check Submittal/Retirement Adj. $ 122,171 $ 15,700 $ 30,000 $ 30,000 Substitute Teachers $ 401,182 $ 458,630 $ 710,000 $ 710,000 Suspensions with Pay* $ 536,533 $ 395,731 $ 530,000 $ 300,000 Tampa Avenue Custodial $ 137,383 $ 167,901 $ 155,982 $ 157,959 Exceptional Ed. Admin Bldg $ $ $ $ 62,500 Tangible Property Inventory Verification $ 47,315 $ 45,885 $ 48,785 $ 50,000 TANS Interest Expense $ 1,882,652 $ 409,506 $ $ TANS Issuing Costs $ 53,219 $ $ $ Temporary Help $ $ $ 35,000 $ 75,000 TSA Consulting Group* $ 74,473 $ 74,382 $ 80,000 $ 80,000 Unemploy Compensation* $ 3,431,753 $ 1,618,697 $ 2,000,000 $ 1,674,000 Cobra,FSA & Retire Health* $ 151,969 $ 222,635 $ 175,000 $ 175,000 Health Insurance Consultants* $ 98,438 $ 50,505 $ 100,000 $ 100,000 Dun & Bradstreet Subscription $ $ $ 14,400 $ 16,800 Business System Improvements $ 299,184 $ 2,796,716 $ 6,023,864 $ 4,546,630 Curriculum & Instruction Portfolio $ 3,095,155 $ 1,206,114 $ 573,650 $ 357,560 Worker's Compensation Testing $ 19,143 $ 35,553 $ 50,000 $ 99,172

33 Districtwide Appropriations Table 18 Category Description FY0910 FY1011 FY1112 FY1213 Joint Use Projects $ 18,474 $ 17,403 $ 85,000 $ 18,569 Interlocal AgrmntProp Appraiser & GIS Maint $ 34,850 $ 28,250 $ 34,000 $ 34,000 Refingerprinting of Current Employees $ 51,771 $ 131,031 $ 285,351 $ 286,000 Educational Data Warehouse $ 326,900 $ 778,053 $ 688,413 $ 480,000 Orange County Health Inspections $ $ $ 22,176 $ 22,176 Legislative initiatives $ 18,000 $ 12,600 $ 16,800 $ 16,800 Software Maintenance Fees $ 6,796 $ 2,231,668 $ 4,541,729 $ 5,693,243 Custodial Equipment Repair $ 95,552 $ 107,313 $ 150,000 $ 150,000 Board Meeting Security $ $ $ $ 15,000 Property Due Diligence $ $ $ $ 239,872 Less Other Personnel Costs $ (24,763,235) $ (18,368,279) $ (24,557,259) $ (24,261,780) Total $ 10,328,751 $ 16,285,620 $ 15,396,913 $ 14,911,789

34 OCPS General Fund Capital Projects Fiscal Year Table 19 reflects appropriations for costs recorded in the general fund but whose originating fund source is the capital budget. These appropriations account for approximately 1.16% of the operating budget.

35 General Fund Capital Projects Table 19 Category Description FY0910 FY1011 FY1112 FY1213 Portable Leasing $ 9,707,205 $ 9,145,906 $ 10,000,000 $ 10,000,000 Facilities Services Construction $ $ $ 1,160,790 $ 1,385,244 Chief Facilities Officer $ $ $ 801,655 $ 811,548 Facilities Services Real Estate Management $ $ $ 408,472 $ 427,950 Building Code Compliance Office $ $ $ 733,561 $ 806,875 Facilities Services Planning & Design $ $ $ 855,482 $ 647,526 Facilities Services Commissioning & Portables $ $ $ 1,156,726 $ 1,270,560 Facilities Fiscal Control $ $ $ 71,709 $ Planning & Governmental Relations $ $ $ 349,839 $ 352,784 Procure Svc/Facilities Construct Contracting $ $ $ 728,652 $ 810,910 Business Opportunity Office $ $ $ 129,818 $ 171,582 State NonRecurring Maintenance Allocation $ $ 1,822,337 $ $ Local Maintenance $ $ $ 2,000,000 $ 2,000,000 Total $ 9,707,205 $ 10,968,243 $ 18,400,286 $ 18,684,979

36 OCPS NonRecurring Appropriations Fiscal Year Table 20 reflects the requirement in the Board s Policies that nonrecurring revenues cannot be used for recurring purposes. The source of funds referred to here is unappropriated balances from the prior year, thus representing nonrecurring sources. These appropriations account for approximately 10.26% of the operating budget.

37 NonRecurring Appropriations Table 20 Category Description FY0910 FY1011 FY1112 FY1213 FY NonRecurring Appropriations Additional Days for New & Renovated Elem. Schools $ 211,801 Additional Days for New & Renovated Middle Schools $ 95,493 Additional Days for New & Renovated High Schools $ 45,740 Reorganization & Equipment $ 75,000 West Orange Turf Settlement $ 55,000 Internal Audit Software $ 15,000 Vision Screening $ 120,818 ITG Portfolio Capital Funding $ 2,253,500 UPS Backup $ 52,000 FCC Requirements for Radios $ 252,316 ERecruiting System Maintenance $ 132,000 FY NonRecurring Appropriations Additional Days for New & Renovated Elem. Schools $ 169,934 Additional Days for New & Renovated Middle Schools $ 63,241 Additional Days for New & Renovated High Schools $ 85,575 Reorganization & Equipment $ 187,004 Districtwide Radio Upgrade $ 889,901 Peer reviewinternal Audit $ 4,469 PRISMSTEM Initiative $ 10,524 Support Contracts $ 200,000 Superintendent Search $ 77,000 Employee Benefit Offset $ 11,568,407 Computer Technology $ 206,515 Funds for Learning $ 30,000 PSAT Testing $ 157,500 Mayor's Youth Leadership Conference $ 4,393 Impact Fee Study $ 15,700 Security Enhancement for Board Meetings $ 6,400 Dun & Bradstreet Subscription $ 16,800 ESE to Edgewater $ 198,301 Evans HS contracting $ 38,842 West Orange Turf Settlement $ 55,000 Saturday school $ 153,086 TSR Sr. $ 50,680 Legal costsreapportionment $ 50,000 Acceleration Academy West $ 695,000 Power Mgmt Software $ 160,000 Operational maintenance $ 300,000 Apopka HS 911 Travel $ 20,092 Algebra Remediation $ 1,337 FY NonRecurring Appropriations Additional Days for New & Renovated Elem. Schools $ 137,742 Additional Days for New & Renovated Middle Schools $ 30,324 Reorganization & Equipment $ 44,451 Orange Vitual School setup $ 35,597 Orange Virtual School $ 461,331 FCAT Mailing $ 164,454 Internal Audit Computers $ 6,040 Installation of safes $ 124,085 Facilities Audit $ 144,825 Impact Fee Study $ 69,447 Board Room Audio Equipment $ 22,571 Monitors for Insurance Dept. $ 2,597 Commissioner Academic Challenge $ 3,465 Temporary Labor $ 15,583 Redistricting Software $ 3,000 Computer Replacement $ 476,721 SRM Implementation $ 466,881 Security Vehicles $ 168,510

38 NonRecurring Appropriations Table 20 Category Description FY0910 FY1011 FY1112 FY1213 Energy Controls $ 584,000 Security Enhancement $ 114,315 Insurance Repairs $ 62,589 Various $ 345,349 FY NonRecurring Appropriations Additional Days for New & Renovated Elem. Schools $ 87,918 Additional Days for New & Renovated Middle Schools $ 28,293 Additional Days for New & Renovated High Schools $ 69,149 Reorganization & Equipment $ 5,857 Nonrecurring Maintenance $ 2,405,046 Educational Data Whse $ 880,000 Consultant Fees $ 37,200 Repair Compressor $ 916 Textbook Adoption $ 9,829 Transportation audit consultant $ 152,840 Surplus Dept Budget $ 80,000 Instructional Positions $ 241,098 Associate General Counsel $ 68,182 DJJ Reading Teacher allocation $ 38,840 Commissioners Academic Challenge $ 4,590 HVAC controls $ 334,880 Out of School Youth $ 76,292 Payroll pay stubs $ 5,287 Health Central $ 30,121 Unitary Status $ 4,200 Timber Creek $ 3,730 Sign for Excel Bldg. $ 12,950 SRO (2 additional officers) $ 44,000 Southern Association of Student Counsel $ 9,581 High School AP Bonus $ 90,695 Orange Virtual Program $ 385,080 E&Y Audit Fees $ 30,000 Legal Operating Costs $ 2,500 ERate $ 1,864,996 Cisco IP Phones $ 2,269,200 School Technology $ 1,606,180 Oracle Software Maintenance $ 47,647 IT Services $ 1,180,415 Inventory Barcode Scanning Guns $ 13,218 Audit Report Manager (AP) $ 5,400 Acceleration Academy Equipment $ 14,240 ELC Rewiring $ 7,358 Various $ 2,469 Subtotal $ 12,150,195 $ 3,483,877 $ 15,415,701 $ 3,308,668 To Allocate $ 162,545,756 TOTAL $ 12,150,195 $ 3,483,877 $ 15,415,701 $ 165,854,424

39 OCPS General Operating Budget Expenditures by Function General operating budget expenses can be allocated by function the category for which the funds are used. This general budget by function does not include construction of facilities, longterm debt service, the district s selfinsurance fund or expenses related to food services that are funded by the federal government. Category descriptions are provided below: Description of Categories Listed in Table 21 Category Instruction Pupil Personnel Services Instructional Media Services Instruction and Curriculum Development Instructional Staff Training Instructional Related Technology School Board General Administration School Administration Facilities Acquisition Constr. Fiscal Services Description Direct classroom instruction, including classroom teachers and paraprofessional salaries, classroom supplies, books, equipment Guidance counselors, social workers, psychologists Media Center staff and library materials School resource teachers, district level staff for curriculum development Training of teachers and teacher assistants Technology expenditures in direct support of instruction School board salaries, expenses related to operating the school board members offices. Superintendent, general administration staff at the district level Principals, assistant principals, office staff at schools Management of construction (new schools, renovation projects) Budget, accounting, accounts payable, payroll and audits Central Services Warehouse, mail, information systems, employee relations, insurance, purchasing, and human resources Student Transportation Operation of Plant Maintenance of Plant Administrative Technology Svcs. Community Service Debt Service Transportation of students, maintenance of buses Grounds maintenance, utilities, custodial staff, and supplies Repairing or replacing of structures, other than capital expenditures Technology expenditures supporting district operations Volunteer services, communication to the public Interest expense incurred on shortterm funds until Property Taxes are received

40 Total Operating Expenditures By Function (Excludes Carryforwards) Table 21 Function FY0910 FY1011 FY1112 FY1213 Instruction $ 754,016,671 $ 744,121,563 $ 812,795,712 $ 1,002,984,693 Pupil Personnel $ 30,292,374 $ 28,526,147 $ 29,959,226 $ 29,659,974 Instructional Media $ 14,213,799 $ 13,551,613 $ 14,224,655 $ 14,242,245 Curriculum Development $ 49,152,258 $ 47,079,754 $ 45,332,661 $ 45,043,478 Staff Training $ 5,485,629 $ 4,517,343 $ 8,015,112 $ 7,085,811 Instructional Related Technology $ 20,661,710 $ 12,069,794 $ 9,733,237 $ 10,623,985 School Board $ 2,947,410 $ 2,885,986 $ 3,184,485 $ 3,245,661 General Administration $ 6,474,984 $ 6,985,524 $ 3,969,047 $ 4,720,733 School Administration $ 91,398,473 $ 93,646,978 $ 88,665,534 $ 89,614,578 Facilities Acquisition $ 8,833,660 $ 8,682,501 $ 7,925,385 $ 9,290,513 Fiscal Services $ 5,473,590 $ 5,677,251 $ 5,261,209 $ 6,069,624 Food Services $ 175,173 $ 293,124 $ $ Central Services $ 15,987,203 $ 17,761,702 $ 18,161,075 $ 14,287,755 Student Transportation $ 54,696,462 $ 56,449,546 $ 53,592,322 $ 57,667,811 Operation Of Plant $ 99,139,228 $ 96,773,163 $ 106,256,770 $ 116,446,579 Maintenance Of Plant $ 32,236,817 $ 31,740,350 $ 29,476,643 $ 31,656,297 Administrative Technology Services $ 16,107,388 $ 15,089,472 $ 19,007,047 $ 18,318,255 Community Services $ 912,093 $ 899,493 $ $ 23,107 Debt Service $ 1,882,652 $ 409,506 $ 100,993 $ 100,993 Total $ 1,210,087,574 $ 1,187,160,809 $ 1,255,661,110 $ 1,461,082,094 Fiscal Services 0% Central Services 1% Facilities Acquisition 1% Total Operating Expenditures by Function FY Student Transportation 4% Operation Of Plant 8% Maintenance Of Plant 2% Administrative Technology Services 1% School Administration 6% School Board 0% General Administration 0% Debt Service 0% Staff Training 0% Instructional Related Technology 1% Curriculum Development 3% Instructional Media 1% Pupil Personnel 2% Instruction 69%

41 Operating Expenditures By Function Per Student (Excludes Carryforwards) Table 22 Function FY0910 FY1011 FY1112 FY1213 Instruction $ 4, $ 4, $ 4, $ 5, Pupil Personnel $ $ $ $ Instructional Media $ $ $ $ Curriculum Development $ $ $ $ Staff Training $ $ $ $ Instructional Related Technology $ $ $ $ School Board $ $ $ $ General Administration $ $ $ $ School Administration $ $ $ $ Facilities Acquisition $ $ $ $ Fiscal Services $ $ $ $ Food Services $ 0.97 $ 1.60 $ $ Central Services $ $ $ $ Student Transportation $ $ $ $ Operation Of Plant $ $ $ $ Maintenance Of Plant $ $ $ $ Administrative Technology Services $ $ $ $ Community Services $ 5.07 $ 4.92 $ $ 0.12 Debt Service $ $ 2.24 $ 0.54 $ 0.53 Total $ 6, $ 6, $ 6, $ 7, Food Services 0% Fiscal Services 0% Facilities Acquisition 1% School Administration 6% School Board 0% General Administration 0% Instructional Related Technology 1% Staff Training 0% Central Services 1% Curriculum Development 3% Operating Expenditures by Function Per Student FY Student Transportation 4% Instructional Media 1% Pupil Personnel 2% Operation Of Plant 8% Maintenance Of Plant 2% Administrative Technology Services 1% Debt Service 0% Community Services 0% Instruction 69%

42 Operating Expenditures By Function Per Student As A Percent Of Total Expenditures (Excludes Carryforwards) Table 23 Function FY0910 FY1011 FY1112 FY1213 Instruction 62.31% 62.68% 64.73% 68.65% Pupil Personnel 2.50% 2.40% 2.39% 2.03% Instructional Media 1.17% 1.14% 1.13% 0.97% Curriculum Development 4.06% 3.97% 3.61% 3.08% Staff Training 0.45% 0.38% 0.64% 0.48% Instructional Related Technology 1.71% 1.02% 0.78% 0.73% School Board 0.24% 0.24% 0.25% 0.22% General Administration 0.54% 0.59% 0.32% 0.32% School Administration 7.55% 7.89% 7.06% 6.13% Facilities Acquisition 0.73% 0.73% 0.63% 0.64% Fiscal Services 0.45% 0.48% 0.42% 0.42% Food Services 0.01% 0.02% 0.00% 0.00% Central Services 1.32% 1.50% 1.45% 0.98% Student Transportation 4.52% 4.76% 4.27% 3.95% Operation Of Plant 8.19% 8.15% 8.46% 7.97% Maintenance Of Plant 2.66% 2.67% 2.35% 2.17% Administrative Technology Services 1.33% 1.27% 1.51% 1.25% Community Services 0.08% 0.08% 0.00% 0.00% Debt Service 0.16% 0.03% 0.01% 0.01% Total % % % % Fiscal Services 0% Facilities Acquisition 1% Operating Expenditures by Function Per Student as a Percentage of Total Expenditures FY Central Services 1% Student Transportation 4% Operation Of Plant 8% Maintenance Of Plant 2% Administrative Technology Services 1% School Administration 6% General Administration 0% School Board 0% Instructional Related Technology 1% Staff Training 0% Curriculum Development 3% Pupil Personnel 2% Instructional Media 1% Debt Service 0% Instruction 69%

43 Salaries by Function Table 24 Function FY0910 FY1011 FY1112 FY1213 Instruction $ 487,298,603 $ 474,713,215 $ 508,284,388 $ 534,337,820 Pupil Personnel $ 21,954,221 $ 20,365,886 $ 21,667,110 $ 20,419,208 Instructional Media $ 9,487,226 $ 8,680,403 $ 10,078,640 $ 9,761,896 Curriculum Development $ 34,340,275 $ 32,231,639 $ 29,002,237 $ 30,629,896 Staff Training $ 3,953,181 $ 2,641,503 $ 5,710,464 $ 1,206,620 Instructional Related Technology $ 8,126,865 $ 7,574,087 $ 6,893,517 $ 7,982,106 School Board $ 1,084,065 $ 1,259,878 $ 1,447,844 $ 1,614,002 General Administration $ 2,694,940 $ 3,053,593 $ 3,024,696 $ 1,829,715 School Administration $ 65,788,013 $ 66,208,661 $ 66,234,353 $ 61,678,000 Facilities Acquisition $ 5,561,960 $ 5,588,626 $ $ Fiscal Services $ 3,854,944 $ 3,798,065 $ 3,894,896 $ 4,182,877 Food Services $ 11,840 $ 1,432 $ $ Central Services $ 9,131,579 $ 8,755,597 $ 8,251,056 $ 9,930,939 Student Transportation $ 32,875,419 $ 31,590,173 $ 30,561,661 $ 29,106,584 Operation Of Plant $ 24,552,526 $ 24,095,617 $ 24,103,124 $ 28,294,307 Maintenance Of Plant $ 16,004,099 $ 15,374,940 $ 14,884,464 $ 12,089,299 Administrative Technology Services $ 3,794,228 $ 3,773,906 $ 5,046,917 $ 4,974,806 Community Services $ 37,716 $ 29,978 $ 3,816 $ Total Salaries $ 730,551,700 $ 709,737,199 $ 739,089,183 $ 758,038,077

44 OCPS Adopted Capital Outlay Budget Fiscal Year and 10 Year Plan September 11, 2012 The FY2013 Adopted Capital Outlay Budget and the resulting 10 Year Plan reflects renovation, remodeling and expansions of 93 of the 132 K12 schools identified on the original sales tax referendum list. As part of the sales tax program, a total of 54 existing schools and 1 new high school have been completed or are nearing completion for the start of the August 2012 school year. The construction scope of the sales tax projects will result in bringing 92 of the 132 K12 schools up to the prototype standard and/or size of a new school. By definition of prototype standard, the district plans to improve, correct or replace major air conditioning systems, roofs, electrical, plumbing, site drainage, security, windows, interior and exterior code deficiencies where cited, upgrade technology, expand core space and replace portables where required. The expansions will result at schools that have exceeded the student capacity of the existing core space. The district will continue to explore alternatives to restore 43 sales tax projects that are currently unfunded in the 10Year Plan. This includes 4 Vocational Technical Schools. Beginning in FY2013 through FY2022, the Plan includes 14 new schools funded through Impact Fee revenue. This Plan includes 10 elementary schools, 3 middle schools and 1 high school within the 10 Year period. In addition, one elementary and one middle school will be opening in August Each year the capital budget is reviewed and evaluated for new schools based upon projected student enrollment. This Adopted Capital Outlay Budget and 10 Year Plan should be viewed as a conceptual plan and not necessarily an exact road map for the next ten years. Factors such as the economy, available revenues, student growth, class size reduction and school choice play a significant role in each year s capital improvement budget and subsequent planned years. Therefore, each year the plan will require careful review and analysis of each project. This year the Tentative Capital Outlay Budget appropriations and reserves for FY2013 total $1,262,095,215. This budget proposes to spend $338.6 million for comprehensive and immediate needs. In addition, $28.7 million will go toward safety projects and school site security improvements as well as technology retrofits at certain schools. Additional new school construction, replacement schools, site acquisition, portable replacement/permanent capacity and Certificates of Participation payments total $170.9 million. The areas of existing schools, new schools, replacement schools, and future sites account for 91.53% of the total capital appropriations. In addition, 8.47% is

45 budgeted for: Millions Network Technology $ 3.3 Portable Moves & Installations $ 7.0 Portable Leasing $10.0 Project Management $ 6.7 Equipment Lease Payments $ 9.3 Buses $11.5 Ancillary Facilities $ 2.2 Total $ 50.0 Also, $68.8 million is earmarked for transfer to the reserve for future capital renewal requirements. The capital renewal reserve is an annual amount required to fund anticipated system replacements for all district buildings. The contingency reserve is established at $12.4 million. This is 10% of property tax revenue in compliance with School Board Policy. The property tax revenues are based on a 1.5 mill levy in compliance with the sales tax referendum agreement. Finally, the reserve for future capital projects is $590.7 million.

46 2012/2013 Fiscal Year District Capital Outlay Revenue and Other Sources September 11, 2012 State Public Education Capital Outlay (PECO) Construction: PECO funds are provided from proceeds of the Gross Receipts Tax on utilities, which is constitutionally allocated for education capital improvement. These funds are provided to the district for construction, remodeling or renovations. Restrictions for use of these funds include new athletic facilities and performing arts centers. Any project using these funds must have been recommended in the educational plant survey. State Public Education Capital Outlay (PECO) Maintenance: PECO funds are provided from proceeds of the Gross Receipts Tax on utilities. These funds are for the purpose of prolonging the useful life of educational plants. The maintenance and repair of the facilities are the primary uses of these funds. At least onetenth of the annual allocation must be spent to correct unsafe, unhealthy, or unsanitary conditions in the educational facilities. Any remodeling or renovation projects using these funds must be based on the recommendations of an educational plant survey. Allocation is based on a sum of digits formula older buildings and larger facilities receive a greater allocation of funds for maintenance needs. General Revenue: Funds provided by the State and are to be used the same as PECO Construction. (See above definition) HalfCent Sales Tax: The halfcent sales tax will run for 13 years and will include a half mill property tax rollback for the term of the tax (a mill is equal to one dollar of property tax for every $1000 of the assessed value of that property.) The last collection to be received will be December 31, Sales tax revenues can be used to remodel or replace existing schools as well as for constructing new schools, land acquisition and capital renewal. Capital Improvement Millage: Funds derived from a 1.5 millage levy on local property. The legal limit for capital improvement tax was 2.0 mills at the inception of the sales tax. This millage represented a rollback from 2.0 mills to.5 mill as a result of the voter approved sales tax referendum. For FY10, the Legislature reduced the legal limit for capital improvement tax to 1.5 mills. Revenues may be used for payment of principal and interest on COPS, for purchase of new and replacement equipment; for maintenance of existing facilities; rental and leasing of educational facilities and sites; purchase of new and replacement school buses; project management and for construction and remodeling of new or existing facilities. Certificates of Participation (COPS): These funds are not a source of revenue but the proceeds of a twentyfive year loan against future property tax revenues. Funds may be used to remodel, renovate or replace existing schools and acquire land and construct additional schools.

47 State Capital Outlay and Debt Service (CO&DS): These funds are derived from the first proceeds of the State auto license fees and are constitutionally earmarked for educational capital improvement needs. Allocations are made on the basis of the calculated number of teacher units, and at a rate prescribed by the Constitution. CO&DS funds may be used in the acquiring, building, construction, altering, remodeling, improving, enlarging, furnishing, equipping, maintaining, renovating, or replacing of capital outlay projects. The requirement is that these projects be listed on a project priority list that is developed from the educational plant survey. School Impact Fees: Florida Statutes direct local governments to make efficient and adequate provisions for schools. The imposition of Impact Fees on new residential development to help fund the capital costs of such development is authorized under Florida Law. Sale of Property: When surplus property is sold, the proceeds are placed in this fund. Surplus property sales are not normally budgeted but the resulting proceeds are added into the actual results at the end of the year. Accumulated interest is also recognized at the end of the fiscal year. Class Size Reduction: The voter approved constitutional amendment placed the responsibility for providing the necessary operating and capital funds required on the Legislature. To date, the Department of Education has allocated to the district a total of $145 million. Qualified Zone Academy Bonds (QZAB): QZABs are financial instruments that provide a tax credit to a bank or financial institution that holds the QZABs. The tax revenues are made available by the federal government to support school partnerships, enhance reform initiatives, including enhancing federal education programs, technology and vocational equipment. To be eligible, a school must have 35% or more of its students eligible for free or reduced lunch under the National School Lunch Act. Repayment of the QZAB debt will be paid for from property taxes. Qualified School Construction Bonds (QSCB): QSCBs are financial instruments that provide a subsidy in the form of a tax credit to a bank or other financial institution that holds the QSCBs. The tax revenues are made available by the federal government to help fund school construction, rehabilitation, repair and land acquisition. These bonds are authorized by the federal government through the American Recovery and Reinvestment Act (ARRA) of District Equipment Lease Proceeds: Funds borrowed to cover the cost of new and replacement buses. Payment is made over an eight year period. LoanOther: Funds borrowed on a shortterm basis to provide immediate resources for the construction program until future revenues are received or until longterm financing is prudent. These loans must be paid off or refinanced within one year. Beginning Fund Balances: The balance of unexpended funds from the prior year that are either already obligated through existing contracts or are planned to be obligated in the near future.

48 10Year Capital Outlay Plan for Additional Schools September 11, 2012 Below is a list of new schools that have opened since the Sales Tax Referendum was approved in September 2002 and planned new schools to open thru FY2023. No. FY13 Budget Schs. New Schools School Year to Open 1 Eagles Nest ES West Oaks ES West Creek ES Legacy MS Freedom MS Ocoee HS East Lake ES Andover ES Whispering Oak ES Sand Lake ES Wolf Lake ES Castle Creek ES South Creek MS Vista Lakes ES Wyndham Lakes ES Stone Lake ES Avalon MS Wolf Lake MS Sunset Park ES Millennia ES Wekiva HS Bridgewater MS Audubon Park ES Moss Park ES East Technical School Timber Lakes ES Westbrook ES Lake Nona HS East River HS Keene's Crossing ES Forsyth Woods ES Wetherbee ES Lake Nona MS SunRidge MS SunRidge ES EN7 Hackney Prairie Road Area ESE2 State Road 417/South of Beeline ESW5 Millennia Gardens EE6 Audubon Park Area EW4 Summerport ME1 Wedgefield Area HW4 Beck Property/535 North Ficquette ESE2 Eagle Creek Area EN7 Stoneybrook Hills Area MSE2 Innovation Place EW4 Metrowest Area ESE3 Wyndham Lakes/Boggy Creek Area EW4 Summerport ME2 Avalon Park Area 2023

49 Revenues & Projects FISCAL YEARS CAPITAL REVENUES PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Local Sources Impact Fees $ 13,346,510 $ 17,350,462 $ 21,688,078 $ 22,338,720 $ 23,008,882 Property Tax $ 124,374,852 $ 121,073,760 $ 124,891,488 $ 129,875,184 $ 135,978,912 Sales Tax $ 173,557,241 $ 178,763,958 $ 184,126,877 $ 93,904,708 $ Sales Of Fixed Assets $ $ $ $ $ Interest $ 25,655 $ $ $ $ Total Local Sources $ 311,304,258 $ 317,188,180 $ 330,706,443 $ 246,118,612 $ 158,987,794 State Sources CO & DS $ 1,510,051 $ 1,510,051 $ 1,510,051 $ 1,510,051 $ 1,510,051 PECOConstruction $ $ $ $ $ PECOMaintenance $ $ $ $ $ General Revenue $ $ $ $ $ Sit Award $ $ $ $ $ Charter Schools $ $ $ $ $ Class Size Prior Year Approp $ $ $ $ $ Total State Sources $ 1,510,051 $ 1,510,051 $ 1,510,051 $ 1,510,051 $ 1,510,051 COP Proceeds & Other Sources Motor Vehicle License Tax Bond Proceeds $ $ $ $ $ Revenue Anticipated Notes $ $ $ $ $ Certificates Of Participation $ $ $ $ $ LoanOther $ $ $ $ $ District Equipment Lease Proceeds $ $ $ $ $ Beginning Fund Balances $ 949,280,907 $ 603,098,655 $ 559,796,235 $ 490,828,985 $ 457,806,290 Total COP Proceeds & Other Sources $ 949,280,907 $ 603,098,655 $ 559,796,235 $ 490,828,985 $ 457,806,290 Total Revenue & Other Sources $ 1,262,095,215 $ 921,796,886 $ 892,012,729 $ 738,457,648 $ 618,304,135

50 Revenues & Projects FISCAL YEARS CAPITAL REVENUES PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Local Sources Impact Fees Property Tax Sales Tax Sales Of Fixed Assets Interest Total Local Sources $ 23,699,148 $ 24,410,123 $ 26,851,135 $ 27,656,669 $ 28,486,369 $ 137,338,701 $ 138,712,088 $ 140,099,209 $ 141,500,201 $ 142,915,203 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 161,037,850 $ 163,122,211 $ 166,950,344 $ 169,156,870 $ 171,401,572 State Sources CO & DS PECOConstruction PECOMaintenance General Revenue Sit Award Charter Schools Class Size Prior Year Approp $ 1,510,051 $ 1,510,051 $ 1,510,051 $ 1,510,051 $ 1,510,051 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Total State Sources COP Proceeds & Other Sources Motor Vehicle License Tax Bond Proceeds Revenue Anticipated Notes Certificates Of Participation LoanOther District Equipment Lease Proceeds Beginning Fund Balances Total COP Proceeds & Other Sources $ 1,510,051 $ 1,510,051 $ 1,510,051 $ 1,510,051 $ 1,510,051 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 448,949,418 $ 425,286,628 $ 418,770,805 $ 415,084,944 $ 411,199,081 $ 448,949,418 $ 425,286,628 $ 418,770,805 $ 415,084,944 $ 411,199,081 Total Revenue & Other Sources $ 611,497,319 $ 589,918,890 $ 587,231,200 $ 585,751,866 $ 584,110,705

51 Capital Sources Impact Fees 1.06% Property Tax 9.85% Sales Tax 13.75% CO & DS 0.12% Interest 0.00% Beginning Fund Balances 75.21%

52 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Immediate Needs Various $ 1,105,184 $ $ $ $ 10,993,541 Total Immediate Needs $ 1,105,184 $ $ $ $ 10,993,541 Comprehensive Needs D/W Capital $ 59,865,400 $ $ $ $ Strategic Plan $ $ $ $ $ 2 Liberty MS $ $ $ $ $ 4 Jackson MS $ $ $ $ $ 6 Colonial Ninth CC $ $ $ $ $ 7 Ridgewood Park ES $ $ $ $ $ 8 Tildenville ES $ $ $ $ $ 9 Bonneville ES $ $ $ $ $ 10 Bay Meadows ES $ $ $ $ $ 13 Sadler ES $ $ $ $ $ 14 Union Park MS $ $ $ $ $ 17 Windermere ES $ $ $ $ $ 19 Lockhart MS $ $ $ $ $ 21 Robinswood MS $ $ $ $ $ 22 Lee MS $ $ $ $ $ 25 Shenandoah ES $ $ $ $ $ 26 Killarney ES $ $ $ $ $ 27 Metrowest ES $ 32,884 $ $ $ $ 28 Conway MS $ 149,402 $ $ $ $ 29 Maitland MS $ $ $ $ $ 30 Palm Lake ES $ 460 $ $ $ $ 31 Apopka MS $ 227,470 $ $ $ $ 33 Edgewater HS $ 466,646 $ $ $ $ 34 Discovery MS $ $ $ $ $ 35 Winter Park Ninth $ 29,519 $ $ $ $ 36 University HS $ 2,524,592 $ $ $ $

53 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Immediate Needs Various Total Immediate Needs $ 10,993,541 $ 10,993,541 $ 10,993,541 $ 10,993,541 $ 10,993,541 $ 10,993,541 $ 10,993,541 $ 10,993,541 $ 10,993,541 $ 10,993,541 Comprehensive Needs D/W Capital Strategic Plan 2 Liberty MS 4 Jackson MS 6 Colonial Ninth CC 7 Ridgewood Park ES 8 Tildenville ES 9 Bonneville ES 10 Bay Meadows ES 13 Sadler ES 14 Union Park MS 17 Windermere ES 19 Lockhart MS 21 Robinswood MS 22 Lee MS 25 Shenandoah ES 26 Killarney ES 27 Metrowest ES 28 Conway MS 29 Maitland MS 30 Palm Lake ES 31 Apopka MS 33 Edgewater HS 34 Discovery MS 35 Winter Park Ninth 36 University HS $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

54 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Walker MS $ 3,593,205 $ $ $ $ 38 Lake Sybelia ES $ 149,797 $ $ $ $ 39 Piedmont Lake MS $ 27,763 $ $ $ $ 40 Dr. Phillips Ninth G $ $ $ $ $ 41 Rosemont ES $ $ $ $ $ 42 Azalea Park ES $ 118,173 $ $ $ $ 43 Hunters Creek ES $ $ $ $ $ 44 Hunters Creek MS $ 4,690 $ $ $ $ 45 Waterbridge ES $ 211,432 $ $ $ $ 46 Chickasaw ES $ 200,970 $ $ $ $ 47 Orange Center ES $ 3,815 $ $ $ $ 48 Riverdale ES $ 2,966 $ $ $ $ 49 Gotha MS $ 35,399 $ $ $ $ 50 Westridge MS $ 9,280,050 $ $ $ $ 51 Southwood ES $ 8,248 $ $ $ $ 52 Lakeville ES $ $ $ $ $ 53 Pinewood ES $ $ $ $ $ 54 Zellwood ES $ 5,299,199 $ $ $ $ 55 Memorial MS $ $ $ $ $ 56 Cypress Springs ES $ 5,947,354 $ $ $ $ 57 Princeton ES $ 5,573,497 $ $ $ $ 58 Dr. Phillips HS $ 58,087,782 $ $ $ $ 59 Rock Springs ES $ 11,131,424 $ $ $ $ 60 Aloma ES $ 3,352,914 $ $ $ $ 61 Spring Lake ES $ 1,075,000 $ 12,336,474 $ $ $ 62 Arbor Ridge ES $ 15,534,661 $ $ $ $ 63 Little River ES $ 13,285,337 $ $ $ $ 64 Eccleston ES $ 13,631,358 $ $ $ $ 95 Evans 9th GC $ $ $ $ $ 66 Shingle Creek ES $ 17,892,716 $ $ $ $ 67 Oak Ridge HS $ 18,928,636 $ $ $ $ 68 Dommerich ES $ $ $ $ $ 69 Lancaster ES $ 12,617,697 $ $ $ $ 70 Brookshire ES $ 12,390,925 $ $ $ $

55 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, Walker MS 38 Lake Sybelia ES 39 Piedmont Lake MS 40 Dr. Phillips Ninth G 41 Rosemont ES 42 Azalea Park ES 43 Hunters Creek ES 44 Hunters Creek MS 45 Waterbridge ES 46 Chickasaw ES 47 Orange Center ES 48 Riverdale ES 49 Gotha MS 50 Westridge MS 51 Southwood ES 52 Lakeville ES 53 Pinewood ES 54 Zellwood ES 55 Memorial MS 56 Cypress Springs ES 57 Princeton ES 58 Dr. Phillips HS 59 Rock Springs ES 60 Aloma ES 61 Spring Lake ES 62 Arbor Ridge ES 63 Little River ES 64 Eccleston ES 95 Evans 9th GC 66 Shingle Creek ES 67 Oak Ridge HS 68 Dommerich ES 69 Lancaster ES 70 Brookshire ES Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

56 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Lake Silver ES $ 1,726,783 $ 14,380,048 $ $ $ 72 Dr. Phillips ES $ 16,114,607 $ $ $ $ 73 Ocoee ES $ 2,367,247 $ 12,869,922 $ $ $ 74 Grand Avenue ES $ 7,341,063 $ $ $ $ 75 Lake Weston ES $ 2,164,840 $ $ 10,044,020 $ $ 76 West Orange Ninth GC $ $ $ $ $ 77 Waterford ES $ 10,716,889 $ $ $ $ 78 Cypress Creek HS $ 6,712,730 $ 40,212,700 $ $ $ 79 Pineloch ES $ 2,396,228 $ 14,827,763 $ $ $ 80 Lake Whitney ES $ 2,500 $ 2,043,708 $ 10,303,516 $ $ 81 John Young ES $ 2,167,826 $ 15,091,306 $ $ $ 82 Clay Springs ES $ 2,500 $ 1,744,939 $ 13,907,973 $ $ 83 Evans HS $ 1,225,347 $ $ $ $ 84 Lovell ES $ $ 2,616,606 $ 13,355,731 $ $ 85 Apopka ES $ 2,500 $ 1,599,286 $ 15,938,594 $ $ 86 Wheatley ES $ $ 1,567,782 $ 9,454,301 $ $ 87 Lockhart ES $ $ 2,500 $ 2,121,463 $ 10,065,651 $ 88 Riverside ES $ $ 2,500 $ 3,000,000 $ 9,070,962 $ 89 Dream Lake ES $ $ 2,500 $ 1,820,282 $ 13,062,566 $ 90 Carver MS $ $ 80,000 $ 3,103,206 $ 25,938,838 $ 91 Tangelo Park ES $ $ 2,500 $ 1,112,686 $ 10,398,552 $ 92 Dover Shores ES $ $ $ $ $ 93 Cypress Park ES $ $ $ $ $ 94 Englewood ES $ $ $ $ $ 95 Audubon Park ES $ $ $ $ $ 96 Oak Hill ES $ $ $ $ $ 97 Washington Shores ES $ 12,839,979 $ $ $ $ 98 Lake Como ES $ $ $ $ $ 99 Hillcrest ES $ $ $ $ $ 100 Corner Lake MS $ $ $ $ $ 101 Fern Creek ES $ $ $ $ $ 102 Rock Lake ES $ $ $ $ $ 103 Durrance ES $ $ $ $ $

57 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, Lake Silver ES 72 Dr. Phillips ES 73 Ocoee ES 74 Grand Avenue ES 75 Lake Weston ES 76 West Orange Ninth GC 77 Waterford ES 78 Cypress Creek HS 79 Pineloch ES 80 Lake Whitney ES 81 John Young ES 82 Clay Springs ES 83 Evans HS 84 Lovell ES 85 Apopka ES 86 Wheatley ES 87 Lockhart ES 88 Riverside ES 89 Dream Lake ES 90 Carver MS 91 Tangelo Park ES 92 Dover Shores ES 93 Cypress Park ES 94 Englewood ES 95 Audubon Park ES 96 Oak Hill ES 97 Washington Shores ES 98 Lake Como ES 99 Hillcrest ES 100 Corner Lake MS 101 Fern Creek ES 102 Rock Lake ES 103 Durrance ES Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

58 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Kaley ES $ $ $ $ $ 105 Union Park ES $ $ $ $ $ 106 Pine Hills ES $ $ $ $ $ 107 Hungerford Prep HS $ $ $ $ $ 108 Southwest MS $ $ $ $ $ 109 Pine Castle ES $ $ $ $ $ 110 Richmond Heights ES $ $ $ $ $ 111 Lake George ES $ $ $ $ $ 112 Cherokee Except $ $ $ $ $ 113 Magnolia School $ $ $ $ $ 114 Mollie Ray ES $ $ $ $ $ 115 Silver Star Center $ $ $ $ $ 116 Sunrise ES $ $ $ $ $ 117 Ivey Lane ES $ $ $ $ $ 118 Lake Gem ES $ $ $ $ $ 119 Deerwood ES $ $ $ $ $ 120 Pershing ES $ $ $ $ $ 121 Rolling Hills ES $ $ $ $ $ 122 Meadow Woods ES $ $ $ $ $ 123 Ventura ES $ $ $ $ $ 124 Frangus ES $ $ $ $ $ 125 Winegard ES $ $ $ $ $ 126 Clarcona ES $ $ $ $ $ 127 Maxey ES $ $ $ $ $ 128 Pinar ES $ $ $ $ $ 129 Hungerford ES $ $ $ $ $ 130 Hidden Oaks ES $ $ $ $ $ 131 Gateway Except $ $ $ $ $ 132 Meadow Woods MS $ $ $ $ $ 133 Mid Florida Tech $ $ $ $ $ 134 Westside Tech $ $ $ $ $ 135 Winter Park Tech $ $ $ $ $ 136 Orlando Tech $ $ $ $ $ Total Comprehensive Needs $ 337,462,422 $ 119,380,535 $ 84,161,773 $ 68,536,568 $

59 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, Kaley ES 105 Union Park ES 106 Pine Hills ES 107 Hungerford Prep HS 108 Southwest MS 109 Pine Castle ES 110 Richmond Heights ES 111 Lake George ES 112 Cherokee Except 113 Magnolia School 114 Mollie Ray ES 115 Silver Star Center 116 Sunrise ES 117 Ivey Lane ES 118 Lake Gem ES 119 Deerwood ES 120 Pershing ES 121 Rolling Hills ES 122 Meadow Woods ES 123 Ventura ES 124 Frangus ES 125 Winegard ES 126 Clarcona ES 127 Maxey ES 128 Pinar ES 129 Hungerford ES 130 Hidden Oaks ES 131 Gateway Except 132 Meadow Woods MS 133 Mid Florida Tech 134 Westside Tech 135 Winter Park Tech 136 Orlando Tech Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Total Comprehensive Needs $ $ $ $ $

60 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Replacement Schools 32 Columbia ES $ $ $ $ $ 18 Orlo Vista ES $ $ $ $ $ 20 Conway ES $ $ $ $ $ 23 Lakemont ES $ $ $ $ $ 24 West Orange HS $ $ $ $ $ 1 Meadowbrook MS $ $ $ $ $ 5 Windy Ridge K8 $ $ $ $ $ 11 Cheney ES $ $ $ $ $ 12 Catalina ES $ $ $ $ $ 3 McCoy ES $ $ $ $ $ 16 Apopka HS $ 7, $ $ $ $ D/W Capital $ $ $ $ $ Total Replacement Schools $ 7,436 $ $ $ $

61 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Replacement Schools 32 Columbia ES 18 Orlo Vista ES 20 Conway ES 23 Lakemont ES 24 West Orange HS 1 Meadowbrook MS 5 Windy Ridge K8 11 Cheney ES 12 Catalina ES 3 McCoy ES 16 Apopka HS D/W Capital $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Total Replacement Schools $ $ $ $ $

62 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Additional Schools Wekiva High School $ $ $ $ $ Audubon ES Relief (Swing) $ $ $ $ $ East Technical School $ $ $ $ $ Wyndam Lakes ES $ $ $ $ $ Avalon MS $ $ $ $ $ Westbrook ES $ $ $ $ $ 41ESE2 Eagle Creek Area $ $ $ $ 1,000,000 $ 15,229,837 SunRidge ES $ 4,054,680 $ $ $ $ East River HS $ $ $ $ $ Lakeview II Forsyth Woods ES $ 6,321 $ $ $ $ Keene's Crossing ES $ 1,041 $ $ $ $ Wetherbee ES $ 318,974 $ $ $ $ 19ESE5 Hackney Prairie Road $ 15,420,000 $ $ $ $ 63EW4 Summerport $ $ 1,000,000 $ 14,298,178 $ $ 21ME2 Avalon Park Area $ $ $ $ $ SunRidge MS $ 5,918,148 $ $ $ $ 27HW4 Beck Property/535 North Ficquette $ 2,573,043 $ 8,000,000 $ 65,005,134 $ $ 81ESW5 Millenia Gardens $ 1,500,000 $ 13,352,600 $ $ $ 2ME1 Wedgefield Area $ $ $ 1,500,000 $ 28,888,738 $ 133EE6 Audubon Park Area $ $ 1,000,000 $ 14,298,178 $ $ 16EEW4 Summerport $ $ $ $ $ 24EN7 Stoneybrook Hills Area $ $ $ $ $ 84EW4 Metro West Area Relief $ $ $ $ $ 3ESE2 State Road 417/South of Beeline $ 16,252,104 $ $ $ $ 30ESE3 Wyndham Lakes/Boggy Creek Area $ $ $ $ $ Lake Nona HS $ 5,576 $ $ $ $ Lake Nona MS $ 108,792 $ $ $ $ 52ESE2 Innovation Place MS Relief $ $ $ $ $ 1,500,000 DistrictWide Capital $ 1,386,438 $ $ $ $ Total Additional Schools $ 47,545,116 $ 23,352,600 $ 95,101,490 $ 29,888,738 $ 16,729,837

63 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Additional Schools Wekiva High School Audubon ES Relief (Swing) East Technical School Wyndam Lakes ES Avalon MS Westbrook ES 41ESE2 Eagle Creek Area SunRidge ES East River HS Lakeview II Forsyth Woods ES Keene's Crossing ES Wetherbee ES 19ESE5 Hackney Prairie Road 63EW4 Summerport 21ME2 Avalon Park Area SunRidge MS 27HW4 Beck Property/535 North Ficquette 81ESW5 Millenia Gardens 2ME1 Wedgefield Area 133EE6 Audubon Park Area 16EEW4 Summerport 24EN7 Stoneybrook Hills Area 84EW4 Metro West Area Relief 3ESE2 State Road 417/South of Beeline 30ESE3 Wyndham Lakes/Boggy Creek Area Lake Nona HS Lake Nona MS 52ESE2 Innovation Place MS Relief DistrictWide Capital $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1,500,000 $ 32,702,792 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 1,000,000 $ 18,266,825 $ 1,000,000 $ 16,716,732 $ $ $ $ $ 1,000,000 $ 16,734,781 $ $ $ $ $ $ $ $ $ $ 1,000,000 $ 16,734,781 $ $ $ $ $ $ $ $ $ $ $ $ 32,702,792 $ $ $ $ $ $ $ $ $ Total Additional Schools $ 33,702,792 $ 17,716,732 $ 17,734,781 $ 19,234,781 $ 50,969,617

64 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Modular Classrooms $ $ $ $ $ Site Acquisition $ 23,301,289 $ $ $ $ Safety,Security & Environmental Emergency Shelter Retrofits $ $ $ $ $ Environmental Compliance $ 130,820 $ $ $ $ Life Safety Contingency $ 25,398,490 $ 4,000,000 $ 4,000,000 $ 4,000,000 $ 4,000,000 Security Systems Project $ 1,995,110 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 Total Safety,Security & Environmental $ 27,524,420 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 Portables Portable Leasing $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 10,000,000 $ 8,000,000 Portable Moves & Installations $ 7,000,000 $ 6,000,000 $ 6,000,000 $ 6,000,000 $ 5,000,000 Portable Repairs $ $ $ $ $ Portable Replacement $ 4,610,478 $ $ $ $ Total Portables $ 21,610,478 $ 16,000,000 $ 16,000,000 $ 16,000,000 $ 13,000,000 Educational Technology Educational Technology Retrofits $ 3,213,965 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 Network Technology $ 3,262,535 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 Total Educational Technology $ 6,476,500 $ 4,000,000 $ 4,000,000 $ 4,000,000 $ 4,000,000 Charter Schools $ $ $ $ $

65 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Modular Classrooms Site Acquisition Safety,Security & Environmental Emergency Shelter Retrofits Environmental Compliance Life Safety Contingency Security Systems Project Total Safety,Security & Environmental Portables Portable Leasing Portable Moves & Installations Portable Repairs Portable Replacement Total Portables Educational Technology Educational Technology Retrofits Network Technology Total Educational Technology Charter Schools $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 4,000,000 $ 4,000,000 $ 4,000,000 $ 4,000,000 $ 4,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 8,000,000 $ 8,000,000 $ 8,000,000 $ 8,000,000 $ 8,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ $ $ $ $ $ $ $ $ $ $ 13,000,000 $ 13,000,000 $ 13,000,000 $ 13,000,000 $ 13,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 4,000,000 $ 4,000,000 $ 4,000,000 $ 4,000,000 $ 4,000,000 $ $ $ $ $

66 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Buses & Equipment $ 11,562,440 $ 12,017,633 $ 12,378,162 $ 12,864,424 $ 14,728,301 Anciliary Facilities $ 2,177,207 $ $ $ $ Debt Service & Operations Equipment Lease Payment $ 9,269,056 $ 7,682,946 $ 6,105,577 $ 1,978,843 $ 1,978,843 COPs Payment & Rate Stabilization $ 95,420,964 $ 95,514,399 $ 95,068,776 $ 95,823,871 $ 95,580,163 Maintenance & General Fund Transfers $ $ $ $ $ OCPS Project Management $ 6,684,979 $ 6,843,025 $ 7,005,449 $ 7,172,400 $ 7,344,032 Loan Payment $ $ $ $ $ Total Debt Service & Operations $ 111,375,000 $ 110,040,370 $ 108,179,802 $ 104,975,114 $ 104,903,038 Reserves Contingency Reserve $ 12,437,485 $ 12,107,376 $ 12,489,149 $ 12,987,518 $ 13,597,891 Capital Renewal $ 68,849,068 $ 72,209,513 $ 76,362,517 $ 39,386,514 $ Future Project Reserve $ 590,661,170 $ 547,688,859 $ 478,339,836 $ 444,818,772 $ 435,351,527 Total Reserves $ 671,947,723 $ 632,005,748 $ 567,191,502 $ 497,192,804 $ 448,949,418 Total Appropriations & Reserves $ 1,262,095,215 $ 921,796,886 $ 892,012,729 $ 738,457,648 $ 618,304,135 Denotes Settlement Agreement School

67 FISCAL YEARS CAPITAL APPROPRIATIONS PROJECTIONS September 11, 2012 Planned Planned Planned Planned Planned Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Buses & Equipment Anciliary Facilities Debt Service & Operations Equipment Lease Payment COPs Payment & Rate Stabilization Maintenance & General Fund Transfers OCPS Project Management Loan Payment Total Debt Service & Operations Reserves Contingency Reserve Capital Renewal Future Project Reserve Total Reserves Total Appropriations & Reserves $ 16,680,573 $ 16,779,840 $ 17,399,992 $ 17,509,372 $ 18,034,653 $ $ $ $ $ $ $ $ $ $ $ 95,313,278 $ 95,955,983 $ 96,129,286 $ 96,734,404 $ 96,671,517 $ $ $ $ $ $ 7,520,506 $ 7,701,989 $ 7,888,655 $ 8,080,686 $ 8,278,271 $ $ $ $ $ $ 102,833,784 $ 103,657,972 $ 104,017,942 $ 104,815,090 $ 104,949,788 $ 13,733,870 $ 13,871,209 $ 14,009,921 $ 14,150,020 $ 14,291,520 $ $ $ $ $ $ 411,552,758 $ 404,899,596 $ 401,075,023 $ 397,049,061 $ 362,871,585 $ 425,286,628 $ 418,770,805 $ 415,084,944 $ 411,199,081 $ 377,163,106 $ 611,497,319 $ 589,918,890 $ 587,231,200 $ 585,751,866 $ 584,110,705 Denotes Settlement Agreement School

68 Capital Appropriations Total Reserves 53.24% Total Immediate Needs 0.09% Total Comprehensive Needs 26.74% Total Replacement Schools 0.00% Total Additional Schools 3.77% Total Debt Service & Operations 8.82% Anciliary Facilities 0.17% Total Educational Technology Buses & Equipment 0.51% 0.92% Site Acquisition 1.85% Total Safety,Security & Environmental 2.18% Total Portables 1.71%