THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FLORIDA

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1 THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FLORIDA BUDGET (ALL FUNDS) 3300 Forest Hill Boulevard West Palm Beach, FL SUBMITTED FOR TENTATIVE ADOPTION Robert M. Avossa, Ed.D., Superintendent July 26, 2017

2 THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FLORIDA EXECUTIVE SUMMARY OF THE BUDGET (ALL FUNDS) BOARD MEMBERS Chuck Shaw, Chairman Debra L. Robinson, M.D., Vice Chairwoman Marcia Andrews Frank A. Barbieri, Jr., Esq. Karen M. Brill Barbara McQuinn 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 26, 2017

3 T A B L E O F C O N T E N T S Transmittal Letter... 1 ASBO Award... 6 GFOA Award... 7 Strategic Plan Millage and Property Taxes Comparison of Millage Rates 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 (FEFP) Detail All Revenue Fiscal Years 2014 to General Fund Budget Fiscal Years 2015 to General Fund Appropriations and FTE District K-12 School Appropriations by Function and Program Comparison of FY2017 to FY Definition of Functions and Explanation of Variances Capital Projects Funds Revenue and Appropriations Capital Budget Plan 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 July 26, 2017 OFFICE OF THE SUPERINTENDENT DEBRA ROBINSON, M.D FOREST HILL BOULEVARD, C-316 VICE-CHAIRWOMAN WEST PALM BEACH, FL MARCIA ANDREWS PHONE: / FAX: FRANK A. BARBIERI, JR., ESQ. KAREN M. BRILL BARBARA MCQUINN ERICA WHITFIELD Chuck Shaw, Chairman, District #2 Debra Robinson, M.D., Vice-Chairwoman, District #7 Marcia Andrews, Board Member, District #6 Frank A. Barbieri, Jr., Esq., Board Member, District #5 Karen M. Brill, Board Member, District #3 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 FY18 proposed budget for the School District of Palm Beach County (the District ) and millage for tax year The proposed FY18 budget is balanced and totals $2,876,793,002 for all funds. The District s Strategic Plan and Initiatives continue to be the main drivers of the budget development process. Challenges of the FY18 budget development process include increasing operating costs, inadequate state support, and lower than anticipated certified property tax roll. The District s Five-Year Strategic Plan, released February 2016, 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 are being phased in over the next few years. Accomplishing the plan takes the commitment and focus of all stakeholders and is dependent upon available resources. 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 through the Required Local Effort (RLE) and statutory caps that limit the remaining components of the school levy. The FY18 State budget provided Florida School Districts with $100 or 1.39% increase in funding per student compared to a 3.9% projected growth in the State general revenue forecast, more than double the increase in K-12 education. The increase for Palm Beach is slightly higher due to an increase in the District cost differential and local tax levies. At the start of the FY08 school year, Florida provided $7,306 per student on average through the Florida Education Finance Program Formula (FEFP). Ten years later, funding per student has reached $7,296. The impact of inflation over ten years cannot be ignored when gauging the significance of Florida s investment in PreK-12 education. With $10 less per student to operate public schools after enduring ten years of rising costs and inflation, it is disingenuous for State leaders to tout recent state PreK-12 education budgets as historic or record funding levels. Funding would need to be increased an additional $841 or 11.5% to $8,137 per student to offset the estimated impact of inflation as calculated by the Bureau of Labor Statistics Consumer Price Index (CPI) and return schools to pre-recession funding levels. When considering the impact State-wide for more than 2.8 million students, this represents an annual 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 26, 2017 Florida State Board of Education shortfall of over $2.3 billion. 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 legislative tax cuts that reduce the RLE to the rolled back rate, increasing Medicaid demands, and the needs of higher education. With limited new funds allocated by the State and an increase in standard operating costs, the primary goal of this budget cycle continues to be to optimize existing resources. General Fund - $1,849,630,274 (net of $162,895 in transfers out to Capital Projects Fund) Enrollment is expected to increase by 2,824 students to 192,148 representing an increase in revenue of $56.6 million in FEFP. Of the total increase, 1,558 students are expected in District schools and 1,266 students in charter schools bringing charter schools to 11.4% of the total student population. The changes to the FY18 budget include the following: Charter School pass-through increased $13.0 million to $166.2 million. Fixed operational costs increased $32.9 million: o $11.9 million for teachers and support staff to accommodate the growth in students; o $10.0 million increase in fringe benefits and self-insured claims due to a higher trend in health and worker compensation claims of $6.0 million and legislative approved rate increase for Florida Retirement System of 0.4% or $4.0 million; o $1.9 million for the additional six months in FY18 for the bargaining groups with raises effective January 1, 2017; o $3.0 million increase in the board contingency reserve to $55.0 million to be in compliance with Board Policy 2.55, which requires a reserve of 3% of total general fund appropriations; o $2.5 million to provide an additional 30 minutes of reading for the 10 additional schools classified as Low 300; o $1.7 million increase in electricity costs - Florida Power and Light received approval from the Public Service Commission to increase rates over the next three years: 5% in FY18 or $1.7 million, 2% in FY19, and 1% in FY20; o $1.2 million for additional services absorbed for one year due to the state mandated limits on Title I set asides in HB 7069; and o $700,000 increase in dual enrollment and additional days to assist with summer registration. Established a salary reserve of $10.7 million with the remaining available budget. The District recognizes the worth and value of its employees and 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 three years, additional funds may become available. Strategic plan and operational initiatives implemented with no budgetary impact by redirecting $7.2 million in existing resources: o Strategic Theme #1 - Effective and Relevant Instruction to Meet the Needs of All Students - $4.4 million Literacy curriculum and professional development for K-5, strategically piloted and phased in over seven years including iready Toolkit PK-2; New literacy curriculum and professional development to identify and remediate dyslexia; 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 26, 2017 Florida State Board of Education Professional development addressing race, cultural competence, equity, and access, and the impact of biases on students; Increase in Advancement Via Individual Determination (AVID) and SAT/PSAT; Software licenses/subscription renewal for HMH, BrainPOP, and Discovery Education; and School psychologists to support the growth of gifted programming in schools with low identification rates - ESE program planners (2), school psychologists (5), ESE specialist, resource teacher, lead psychologist stipend, intern psychologists (10), psychological testing materials and gifted screening materials. o Strategic Theme #2 - Positive and Supportive School Climate - $500,000 Multi-tiered System of Supports (MTSS) curriculum and professional development: Olweus Bullying Prevention Program and Student Success Skills; and Four new positions assigned to regional offices to assist families with social emotional behavioral issues, professional development and materials, and Student Success Skills K-12 model. o Strategic Theme #3 Talent Development - $280,000 Teacher Recruiting/Onboarding/Mentor Ambassadors - $5,000 stipend for teacher recruiters to assist in candidate screening processes and mentoring, pilot in FY18 with 40 stipends totaling $2,500 for half a year; and Directed competitive outreach efforts to attract/acquire candidates. o Strategic Theme #4 High Performance Culture - $200,000 Increase in annual accreditation fee to include PreK sites; and FY18 AdvancED accreditation visit to maintain certification. o Operational initiatives $1.8 million Added back 11 custodial rover positions, additional landscape cut to schools during peak season and additional pest control eliminated during the recession; Added four positions to the transportation department: safety specialist, data warehouse analyst, and budget tech II to monitor fuel, and warranty analyst to monitor and review warranty compliance; and Added one new dispatcher, uniforms, vests, supplies for 15 officers and supplies. Capital Projects Fund - $524,973,829 (net of $268,467,812 in transfers out to Debt Service and General Fund) The capital projects fund is balanced. The five-year capital plan has been adjusted to expedite and expand certain projects and add one new school, Sunset Palm Area MS. In recent years, 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 to 1.5 mills from 2.0 mills. Over time, the substantial loss of capital revenue crippled the ability of school districts to meet school facility maintenance, classroom technology, and bus fleet demands. Voters in Palm Beach County stepped up in November 2016 to address this significant shortfall by increasing the local sales tax by one penny in order to address the backlog of critical capital needs including school security and safety, classroom technology, and safe and reliable school buses. Although the passage of HB 7069, this legislative cycle, has again exacerbated the problem by requiring districts to provide charter schools a pro-rata share of local capital outlay millage funding. Without additional funds to compensate for the loss in revenue, an estimated $230 million over the next ten years, the District will again face a backlog of critical capital needs. Local school boards are held accountable by their respective communities and should have the authority to be responsive to capital demands. Authority must be restored to local school boards to levy up to mills within their county to meet the capital needs of both traditional and charter public schools. 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 26, 2017 Florida State Board of Education Special Revenue Fund - $221,525,616 and Debt Service Fund - $280,663,283 Title I was reduced $3.3 million or 7% and Title II was reduced by $1.0 million or 15%. Central support and professional development programs were eliminated to compensate for the loss in funds. Other Federal, State, and local grants are awarded throughout the year and are expected to be consistent with the current year. There were no major changes in the debt service fund. Millage Rates and Property Values Total millage assessed by the District is decreasing from mills for FY17 to mills for FY18. Of the mills, is RLE set by the State, in order to participate in the FEFP and receive $566.3 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 is.66% greater than the rolled-back rate, which is the rate that would generate the same dollar amount of revenue as FY17. Property values continue to improve from the FY12 low of $132.2 billion, growing by 6.47% in Palm Beach County, to $190.2 billion for FY18. Total FY18 projected millage revenue for both operating and capital use is $1.2 billion. The certified tax roll is usually higher than the State forecast. Although in FY18 the revenue generated from the mills controlled by the School Board is $5.1 million less than the State forecast, in comparison to a $4.7 million increase in FY17. FY19 Budget Development and Beyond Our work with ERS in FY17 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 (ELL) and Students with Disabilities, and increasing supports for the lowest-performing schools. Staff is currently assessing methodologies to differentiate staffing ratios based on proficiency and instructional time. The voter approved 0.25 millage property tax levy for operations will generate $45.6 million in revenue in FY18 and runs through FY19. The revenue is designated for art, music, physical education instruction, choice programs, and career academies and funds over 600 teaching positions. It is important that the community continue to support the referendum to preserve fine arts in District schools. Conclusion The tentative budget includes initiatives that are centered on targeting and aligning our limited resources to support the highest needs of our students in line with the District s Strategic Plan. I would like to thank the members of the Budget Advisory Committee (BAC) for their participation with the FY18 Budget. The Board received the BAC s final report supporting approval of the Superintendent s FY18 Recommended Budget on July 19, A public hearing to formally adopt the FY18 Budget is scheduled for September 6, Sincerely, Robert M. Avossa, Ed.D. Superintendent RMA/MJB/HK:hk/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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10 This Meritorious Budget Award is presented to SCHOOL DISTRICT OF PALM BEACH COUNTY for excellence in the preparation and issuance of its budget for the Fiscal Year The budget adheres to the principles and standards of ASBO International s Meritorious Budget Award criteria. Mark C. Pepera, MBA, RSBO, SFO Acting President John D. Musso, CAE, RSBA Executive Director Page 6

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12 SCHOOL DISTRICT OF PALM BEACH COUNTY Strategic Plan Thousands of community members, parents, students, teachers, staff, and administrators participated in the School District of Palm Beach County s strategic planning process. The result of our work, the School District of Palm Beach County s Strategic Plan: Growing. Strong., reflects a collective passion for student achievement and a willingness to work towards achieving equity and excellence for all students. LONG-TERM OUTCOMES As a result of extensive stakeholder input, gathered through open community meetings, surveys and feedback sessions, we identified four interdependent, essential, long-term outcomes, which are the specific, measurable results we want to achieve. Increase reading on grade level by 3rd grade. Ensure high school readiness. INCLUDING: Academic achievement, behavior, and engagement. Increase the high school graduation rate. Foster post-graduate success. INCLUDING: High school scholars, dual-enrollment degrees, industry certifications, college enrollment and persistence, military enlistment. STRATEGIC THEMES Four bold strategic themes emerged as guides to set priorities, focus energy, and ensure a common path. By driving improvement within these strategic themes, we believe that we will achieve our long-term outcomes. Talent development Effective and relevant instruction to meet the needs of all students High performance Positive and supportive school climate Page 8

13 OBJECTIVES AND INITIATIVES Objectives and initiatives have been developed for each strategic theme. Action plan teams, led by an owner and assigned a sponsor to advocate and champion the work, are currently implementing the initiatives, which are being phased in over time. Long-Term Outcomes Increase reading on grade level by 3rd grade. Ensure high school readiness. Increase the high school graduation rate. Foster postgraduate success. STRATEGIC THEME STRATEGIC THEME STRATEGIC THEME STRATEGIC THEME Effective and relevant instruction to meet the needs of all students Positive and Supportive School Climate Talent Development High- Performance Culture OBJECTIVE OBJECTIVE OBJECTIVE OBJECTIVE 1 Ensure a shared commitment and collective responsibility for the academic success of every student 2 Establish personalized learning opportunities for all students 3 Ensure academic proficiency of all students in pre-kindergarten through grade 2 1 Ensure a safe and supportive school climate that promotes the social/emotional and academic development of all students 2 Secure parent and community partnerships to support the academic and social/emotional development of all students 1 Promote a culture of learning and development for all employees by providing opportunities and pathways for growth and advancement 2 Recruit, select, and hire highquality employees 1 Ensure continuos improvement in all operations 2 Improve employee engagement, retention and performance 3 Instill resource optimization to yield maximum return on investment 4 Increase customer service and support STRATEGIC INITIATIVES STRATEGIC INITIATIVES STRATEGIC INITIATIVES STRATEGIC INITIATIVES Define pillars of effective instruction to increase the academic achievement of all students Embed cultural competence, equity and access within instructional practices Provide instructional programming customized to the individual strengths, needs, interests, and aspirations of each learner Provide digital and blended learning opportunities utilizing current technology Expand and enhance pre-kindergarten programs and services in collaboration with our community and agency partners Develop the capacity to deliver effective instruction in prekindergarten to grade 2 Ensure a comprehensive Single School Culture in every school Align behavioral and social/emotional services while increasing accessibility Develop an approach for bullying prevention Align new and existing community and parent partnerships Develop leadership advancement pathways for all employees Develop and implement a recruitment system that attracts high-quality and diversity in candidates by job group/category Develop and implement rigor in the selection and hiring processes that effectively identify and screen for high-quality, skilled applicants Implement a comprehensive performance management system Implement rigorous project management structures, protocols and processes Build a district-wide culture of pride, trust and respect Establish and implement recognition and differentiated compensation systems Develop resource allocation processes aligned with student needs Enact systemic customer service MISSION STATEMENT The School District of Palm Beach County is committed to providing a world-class education with excellence and equity to empower each student to reach his or her highest potential with the most effective staff to foster the knowledge, skills, and ethics required for responsible citizenship and productive careers. VISION STATEMENT The School District of Palm Beach envisions a dynamic collaborative multicultural community where education and lifelong learning are valued and supported, and all learners reach their highest potential and succeed in the global economy. To view our comprehensive strategic plan booklet and the indicators for each outcome, please visit Page 9

14 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) (0.3000) Prior Period RLE Adj (0.0010) Discretionary Operating Local Capital Improvement Sub-Total Non-Voted (0.3010) Voted Millage: Additional Operating* Total Voted & Non-Voted Millage (0.3010) *Voter approved November 2014 for Fiscal Years Page 10

15 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 $178,279,408,937 * $190,165,751,792 ** Non-Voted Millage: Required Local Effort (RLE) (1.77%) Prior Period RLE Adj (6.98%) 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 7/1/17. Page 11

16 COMPARISON OF PALM BEACH COUNTY GROSS TAXABLE VALUE Ten Year Comparison of Taxable Value $200 $190 $180 $170 $160 Billions $150 $140 $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 ,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, % ,165,751,792 11,551,824, % * Gross Taxable Value as of budget adoption. Page 12

17 COMPARISON OF HOMEOWNER PROPERTY TAXES TAX YEAR 2016 TO 2017 Tax Year 2016 Tax Year 2017 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) $ $ 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 13

18 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, $ $ Prior Period RLE Adjustment Discretionary Operating 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 * $138,661,344,906 $150,103,001,478 $165,191,584,364 $178,613,927,082 $190,165,751,792 Property Taxes Levied $1,051,884,962 $1,139,882,193 $1,240,919,182 $1,262,800,464 $1,287,231,974 Tax Collections ** Required Local Effort (RLE) Prior Period RLE Adjustment Discretionary Operating Local Capital Improvement Discretionary Capital Improvm Additional Operating $675,691,187 1,597,379 96,774, ,672,337 2,795,413 33,278,723 $732,598,713 1,729, ,785, ,148,322 $793,395,357 1,744, ,620, ,875,881 36,024,720 39,645,980 $782,414,735 1,543, ,259, ,204,055 42,867,342 $778,249,536 1,460, ,554, ,838,683 45,639,780 Total Collections $1,009,809,565 $1,094,286,905 $1,191,282,414 $1,212,288,445 $1,235,742,695 * Gross Taxable Value as of budget adoption. ** Based on 96% collectability of Palm Beach County's Gross Taxable Value. Page 14

19 COMPARISON OF BUDET - ALL FUNDS to $2,000,000,000 $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 $ 1,778,287,852 $1,849,793,169 $71,505, % Special Revenue - Food Service 118,510, ,934,500 2,423, % Special Revenue - Other * 150,806, ,591,116 (50,215,702) (33.30%) Debt Service 285,743, ,663,283 (5,080,057) (1.78%) Capital Projects 432,816, ,441, ,625, % Subtotal $2,766,165,046 $3,145,423,709 $379,258,663 Less Transfers: (252,327,162) (268,630,707) (16,303,545) 6.46% Total Budget - All Funds $2,513,837,884 $2,876,793,002 $362,955, % *Not all Federal and State funds have been received. It is anticipated the FY2018 revenue will be similar to FY2017. Page 15

20 Board Meeting Date: July 26, 2017 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) (1.77%) Prior Period RLE Adj (6.98%) 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 $1,235,742,695 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 16

21 Board Meeting Date: July 26, 2017 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 $2,876,793,002 for FY The recapitulation of this budget is scheduled below. General Fund $1,849,793,169 Special Revenue - Food Service 120,934,500 Special Revenue - Other 100,591,116 Debt Service 280,663,283 Capital Projects 793,441,641 Sub-Total $3,145,423,709 Less Transfers: (268,630,707) Total Funds $2,876,793,002 Error! Not a valid link. 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 $2,876,793,002 in all funds for FY A C T I O N A G E N D A I T E M Page 17

22 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 190,165,751, 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 18

23 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 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) ,111, Workforce Development ,547, 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 ,430, Class Size Reduction Operating Funds ,543, Florida School Recognition Funds ,756, Voluntary Prekindergarten Program (VPK) ,107, Preschool Projects 3372 Reading Programs 3373 Full-Service Schools Program 3378 State Through Local 3380 Other Miscellaneous State Revenues , Total State ,180, LOCAL: District School Taxes ,904, Tax Redemptions 3421 Payment in Lieu of Taxes , Excess Fees 3423 Tuition 3424 Rent , Investment Income ,100, Gifts, Grants and Bequests , 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 ,439, Preschool Program Fees , Prekindergarten Early Intervention Fees 3472 School-Age Child Care Fees ,684, Other Schools, Courses and Classes Fees 3479 Miscellaneous Local Sources ,462, Total Local ,026,858, TOTAL ESTIMATED REVENUES 1,611,846, OTHER FINANCING SOURCES: Loans 3720 Sale of Capital Assets 3730 Loss Recoveries 3740 Transfers In: From Debt Service Funds 3620 From Capital Projects Funds ,696, From Special Revenue Funds 3640 From Permanent Funds 3660 From Internal Service Funds 3670 From Enterprise Funds 3690 Total Transfers In ,696, TOTAL OTHER FINANCING SOURCES 110,696, Fund Balance, July 1, ,250, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE 1,849,793, ESE 139 Page 19

24 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 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 ,197,390, ,963, ,134, ,833, ,981, , ,691, Student Support Services ,624, ,921, ,895, ,523, , , Instructional Media Services ,882, ,569, ,680, , , , ,142, , Instruction and Curriculum Development Services ,849, ,025, ,675, , , , , Instructional Staff Training Services ,140, ,615, ,681, ,282, , , ,200, Instruction-Related Technology ,237, ,380, ,735, ,095, , , , Board ,311, ,611, ,239, , , , , ,601, General Administration ,527, ,792, ,521, , , , , , School Administration ,319, ,999, ,078, , , , , Facilities Acquisition and Construction , , , , Fiscal Services ,744, ,349, ,318, , , , , Food Service , , , Central Services ,841, ,803, ,987, ,306, , , , , Student Transportation Services ,409, ,952, ,225, ,857, ,707, , , , Operation of Plant ,285, ,341, ,809, ,956, ,330, ,688, , , Maintenance of Plant ,676, ,616, ,388, ,403, , ,712, ,088, ,776, Administrative Technology Services ,558, ,131, ,230, , ,391, , , Community Services ,497, ,105, ,163, , , ,967, ,107, ,526, Debt Service , , Other Capital Outlay 9300 TOTAL APPROPRIATIONS 1,794,630, ,395, ,830, ,299, ,875, ,664, ,466, ,098, 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 162, 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, ,000, TOTAL ENDING FUND BALANCE ,000, TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCE 1,849,793, ESE 139 Page 20

25 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 SECTION III. SPECIAL REVENUE FUNDS - FOOD SERVICES - FUND 410 Page 4 Account ESTIMATED REVENUES Number FEDERAL THROUGH STATE AND LOCAL: National School Lunch Act ,395, USDA-Donated Commodities ,000, Federal Through Local 3280 Miscellaneous Federal Through State 3299 Total Federal Through State and Local ,395, 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 95,261, 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, ,673, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE 120,934, ESE 139 Page 21

26 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 SECTION III. SPECIAL REVENUE FUNDS - FOOD SERVICES - FUND 410 (CONTINUED) Page 5 Account APPROPRIATIONS Number Food Services: (Function 7600) Salaries ,298, Employee Benefits ,263, Purchased Services ,243, Energy Services 400 2,430, Materials and Supplies ,012, Capital Outlay 600 4,547, Other 700 2,788, Capital Outlay (Function 9300) 600 TOTAL APPROPRIATIONS 95,583, 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, ,350, Assigned Fund Balance, June 30, Unassigned Fund Balance, June 30, TOTAL ENDING FUND BALANCE ,350, TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCE 120,934, ESE 139 Page 22

27 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 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 ,030, Total Federal Direct ,030, FEDERAL THROUGH STATE AND LOCAL: Career and Technical Education ,775, 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) ,714, Elementary and Secondary Education Act, Title I ,314, Language Instruction - Title III 3241 Twenty-First Century Schools - Title IV 3242 Federal Through Local , Miscellaneous Federal Through State ,807, Total Federal Through State And Local ,651, 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 100,591, 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 100,591, ESE 139 Page 23

28 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 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 ,619, ,161, ,156, ,456, ,106, ,181, ,556, Student Support Services ,230, ,753, ,595, ,385, , , , Instructional Media Services , , , Instruction and Curriculum Development Services ,177, ,918, ,325, ,132, , , , Instructional Staff Training Services ,794, ,207, ,100, ,520, , , , Instruction-Related Technology , , , Board 7100 General Administration ,537, ,537, 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 , , Other Capital Outlay 9300 TOTAL APPROPRIATIONS 100,591, ,512, ,315, ,597, , ,967, ,471, ,723, 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 100,591, ESE 139 Page 24

29 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 SECTION V. 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 8 Fund Balance, July 1, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE ESE 139 Page 25

30 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 SECTION V. SPECIAL REVENUE FUNDS - MISCELLANEOUS - FUND 490 (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 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 26

31 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 SECTION VI. 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 ,269, ,269, Total Federal Direct Sources ,269, ,269, 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 ,998, ,998, SBE/COBI Bond Interest 3326 Sales Tax Distribution (s (6)(d)6.a., F.S.) 3341 Total State Sources ,998, ,998, 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 5,267, ,998, ,269, 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 ,771, ,381, , 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 ,771, ,381, , TOTAL OTHER FINANCING SOURCES 157,771, ,381, , Fund Balance, July 1, ,623, , ,184, , TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCES 280,663, ,245, ,566, ,851, ESE 139 Page 27

32 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 SECTION VI. 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 ,772, ,543, ,229, Interest ,925, , ,777, ,653, Dues and Fees 730 3,856, ,851, , Miscellaneous 790 TOTAL APPROPRIATIONS ,554, ,037, ,858, ,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, ,108, , ,707, , Committed Fund Balance, June 30, Assigned Fund Balance, June 30, Unassigned Fund Balance, June 30, TOTAL ENDING FUND BALANCES ,108, , ,707, , TOTAL APPROPRIATIONS, OTHER FINANCING USES AND FUND BALANCES 280,663, ,245, ,566, ,851, ESE 139 Page 28

33 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 SECTION VII. CAPITAL PROJECTS FUNDS Page ESTIMATED REVENUES 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 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 ,861, ,861, 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) ,017, ,017, Classrooms First Program 3392 SMART Schools Small County Assistance Program 3395 Class Size Reduction Capital Outlay 3396 Charter School Capital Outlay Funding ,500, ,500, Other Miscellaneous State Revenues , , Total State Sources ,529, ,017, ,861, ,650, LOCAL SOURCES: District Local Capital Improvement Tax ,838, ,838, County Local Sales Tax ,249, ,249, School District Local Sales Tax 3419 Tax Redemptions 3421 Investment Income ,000, ,000, Gifts, Grants and Bequests 3440 Miscellaneous Local Sources 3490 Impact Fees ,390, ,390, Refunds of Prior Year's Expenditures 3497 Total Local Sources ,478, ,838, ,639, TOTAL ESTIMATED REVENUES 410,007, ,017, ,861, ,838, ,289, OTHER FINANCING SOURCES Issuance of Bonds 3710 Loans ,118, ,118, Sale of Capital Assets 3730 Loss Recoveries 3740 Proceeds of Lease-Purchase Agreements ,666, ,666, 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 209,947, ,947, Fund Balance, July 1, ,485, ,471, ,347, ,666, TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCES 793,441, ,489, ,861, ,186, ,903, ESE 139 Page 29

34 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 SECTION VII. 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 ,320, ,352, ,968, Furniture, Fixtures and Equipment ,728, , ,162, ,488, Motor Vehicles (Including Buses) ,956, ,956, Land 660 9,342, ,786, ,556, Improvements Other Than Buildings ,376, ,262, ,114, Remodeling and Renovations ,536, ,394, ,822, ,320, Computer Software 690 2,712, ,712, Redemption of Principal 710 Interest 720 Dues and Fees 730 TOTAL APPROPRIATIONS 524,973, ,471, ,098, ,403, OTHER FINANCING USES: Transfers Out: (Function 9700) To General Fund ,696, ,017, ,861, ,316, ,500, To Debt Service Funds ,771, ,771, 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 ,467, ,017, ,861, ,088, ,500, TOTAL OTHER FINANCING USES 268,467, ,017, ,861, ,088, ,500, 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 793,441, ,489, ,861, ,186, ,903, ESE 139 Page 30

35 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 SECTION VIII. PERMANENT FUNDS - FUND 000 Page 14 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 31

36 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 SECTION VIII. PERMANENT FUNDS - FUND 000 (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 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 32

37 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 SECTION IX. 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 33

38 DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2018 SECTION X. 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 ,467, ,977, ,490, Other Operating Revenues 3489 Total Operating Revenues 209,467, ,977, ,490, 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 378, , 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, ,614, ,950, (21,335,639.00) TOTAL OPERATING REVENUES, NONOPERATING REVENUES, TRANSFERS IN AND NET POSITION 272,460, ,306, (1,845,447.00) ESTIMATED EXPENSES Object OPERATING EXPENSES: (Function 9900) Salaries 100 1,281, , , Employee Benefits , , , Purchased Services , , , Energy Services 400 Materials and Supplies , , , Capital Outlay 600 5, , , Other (including Depreciation) ,497, ,156, ,341, Total Operating Expenses 212,941, ,582, ,359, 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, ,518, ,723, (22,204,680.00) TOTAL OPERATING EXPENSES, NONOPERATING EXPENSES, TRANSFERS OUT AND NET POSITION 272,460, ,306, (1,845,447.00) ESE 139 Page 34

39 CERTIFICATION OF SCHOOL TAXABLE VALUE DR-420S R. 5/13 Rule 12D , FAC Effective 5/13 Provisional Year : 2017 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 $ 181,265,896,695 (1) 2. Current year taxable value of personal property for operating purposes $ 8,753,936,780 (2) 3. Current year taxable value of centrally assessed property for operating purposes $ 145,918,317 (3) 4. Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3) $ 190,165,751,792 (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.) $ 2,725,138,126 (5) 6. Current year adjusted taxable value (Line 4 minus Line 5) $ 187,440,613,666 (6) 7. Prior year FINAL gross taxable value from prior year applicable Form DR-403 Series $ 178,279,408,937 (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 6/28/2017 8:26 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) $ 815,093,458 (11) 12. Prior year local board proceeds (Line 10 multiplied by Line 7, divided by 1,000) $ 445,341,964 (12) 13. Prior year total state law and local board proceeds (Line 11 plus Line 12) $ 1,260,435,422 (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 35

40 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) $ 812,197,926 (18) 19. Current year local board proceeds (Line 17 multiplied by Line 4, divided by 1,000) $ 475,034,048 (19) 20. Current year total state law and local board proceeds (Line 18 plus Line 19) $ 1,287,231,974 (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 Chambers of the Fulton-Holland 9/6/2017 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 36

41 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 FY18 Budget Development Process 11/18/2016 Friday, Budget Workshop FY18 Budget Development 12/14/2016 Friday, Budget Advisory Committee Meeting Budget Update, ESE and ELL Staff Allocation 2/3/2017 Changes Wednesday, Budget Workshop Budget Update 2/22/2017 Thursday, Budget Advisory Committee Meeting Budget Update, and Strategic Plan Initiatives 4/20/2017 (no quorum) Wednesday, Budget Workshop Budget Update 5/3/2017 Friday, Budget Advisory Committee Meeting Budget Update, Departments, Strategic Plan 5/12/2017 Initiatives, and Capital Work Plan Thursday, Budget Advisory Committee Meeting Budget Update 6/15/2017 Wednesday, Budget Workshop Budget Update 7/19/2017 STATE STATUTORY REQUIREMENTS Ref District Day Date Event Activity D Saturday, Property Appraiser certifies Roll. July 1 or date of certification, whichever is later. on 7/1/17 7/1/2017 Tuesday, Receive from the Department of Not later than 7/19/17, the Commissioner of 7/18/2017 Education Required Local Effort. Education shall certify the Required Local Effort. D + 24 Wednesday, Board approval for advertising Superintendent submits tentative district facilities by 7/24/17 7/19/2017 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 7/29/17 7/21/2017 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 7/26/17* 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 37

42 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 9/6/2017* 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 9/3/17 sent a personal notice of change under the new and 9/18/17 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 9/7/2017 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 10/9/17 9/7/2017 of Value. Department of Revenue of adopted millage rate within 3 days after the adoption of the resolution. * School Board Public Hearing Page 38

43 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... $ 1,262,800,464 B. Less tax reductions due to Value Adjustment Board and other assessment changes... $ 2,365,042 C. Actual property tax levy... $ 1,260,435,422 This year s proposed tax levy... $ 1,287,231,974 A portion of the tax levy is required under state law in order for the school board to receive $566,285,363 in state education grants. The required portion has decreased by 1.78 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 26, 2017 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 39

44 NOTICE OF TAX FOR SCHOOL CAPITAL OUTLAY The School District of Palm Beach County, Florida will soon consider a measure to continue 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 $273,838,683 to be used for the following projects: CONSTRUCTION AND REMODELING West Area Educational Complex Mod, Transportation South Ph2 Drainage, Site Acquisition, Covered Walkways, Portable and Modular Classrooms, Riviera Beach Prep Remodel, Fuel Pump Replacement, Forest Hill HS Parking, Forest Hill HS Add, Media Center Remodels, Village Academy Playfield, 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 Playfields, Adult Ed Facility, Village Academy Kitchen Renovation, Verde ES Mod, Washington ES Mod, Roosevelt Full Service Remodel, Delray Full Service Remodel, Sunset Palms Area MS (17-PP), Addison Mizner ES Mod, Grove Park ES Mod, Melaleuca ES Mod, Pine Grove ES Mod, Olympic Heights HS Add, Plumosa SOA K-8 Add, Spanish River Add, Transportation - North Mod, Wynnebrook ES Mod, Greater WPB/Lake Worth Area HS (03-OOO), South West Area ES (05-C), West/ Acreage Area ES (15-A), Scripps/Gardens Area ES (04-A), Northboro Remodel, Lake Worth HS Pool House, Northwest Area HS (16-AAA), Alternative Schools Master Plan, Future School Modernizations 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 and modular 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 MOTOR VEHICLE PURCHASES Purchase of 100 school buses, Purchase and replacement of district vehicles, Lease-purchase of buses and vehicles, Security vehicles NEW AND REPLACEMENT EQUIPMENT, COMPUTER AND DEVICE HARDWARE AND OPERATING SYSTEM SOFTWARE NECESSARY FOR GAINING ACCESS TO OR ENHANCING THE USE OF ELECTRONIC AND DIGITAL INSTRUCTIONAL CONTENT AND RESOURCES, AND ENTERPRISE RESOURCE SOFTWARE 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, technology, 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 using 80 buses PAYMENT OF COSTS OF OPENING DAY COLLECTION FOR LIBRARY MEDIA CENTER Opening of one new high school and one new middle school Page 40

45 CHARTER SCHOOL CAPITAL OUTLAY PROJECTS PURSUANT TO S (4), F.S. PURCHASE OF REAL PROPERTY CONSTRUCTION OF SCHOOL FACILITIES PURCHASE OR LEASE OF PERMANENT OR RELOCATABLE SCHOOL FACILITIES PURCHASE OF VEHICLES TO TRANSPORT STUDENTS RENOVATION, REPAIR, AND MAINTENANCE OF SCHOOL FACILITIES PAYMENT OF THE COST OF PREMIUMS FOR PROPERTY AND CASUALTY INSURANCE NECESSARY TO INSURE SCHOOL FACILITIES PURCHASE OR LEASE OF DRIVER S EDUCATION VEHICLES, MAINTENANCE VEHICLES, SECURITY VEHICLES, OR VEHICLES USED IN STORING OR DISTRIBUTING MATERIALS AND EQUIPMENT COMPUTER AND DEVICE HARDWARE AND OPERATING SYSTEM SOFTWARE NECESSARY FOR GAINING ACCESS TO OR ENHANCING THE USE OF ELECTRONIC AND DIGITAL INSTRUCTIONAL CONTENT AND RESOURCES, AND ENTERPRISE RESOURCE SOFTWARE 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 26, 2017, 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 41

46 BUDGET SUMMARY THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE SCHOOL DISTRICT OF PALM BEACH COUNTY ARE 4.0% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES. FISCAL YEAR PROPOSED MILLAGE LEVIES SUBJECT TO 10-MILL CAP: Required Local Effort (Including Prior Year Discretionary Operating Funding Adjustment Millage) Additional Millage Not to Exceed 4 Years Operating or Capital Not PROPOSED MILLAGE LEVIES NOT SUBJECT TO 10-MILL CAP: 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 $5,807,000 $178,076,832 $3,269,498 $187,153,331 State sources 579,180,988 1,475,000 1,998,490 $10,529, ,183,859 Local sources 1,026,858,606 16,300, ,478,441 1,442,637,331 TOTAL SOURCES $1,611,846,594 $195,852,116 $5,267,988 $410,007,822 $2,222,974,520 Loans 19,118,440 19,118,440 Proceeds of Lease-Purchase Agreements 190,666, ,666,660 Transfers In 110,696, ,771, , ,630,707 Fund Balances/Reserves/Net Position 127,250,279 25,673, ,623, ,485, ,033,381 TOTAL REVENUES, TRANSFERS & BALANCES $1,849,793,169 $221,525,616 $280,663,283 $793,441,641 $3,145,423,709 EXPENDITURES Instruction $1,197,390,542 $51,619,261 $1,249,009,803 Student Support Services 47,624,294 8,230,995 55,855,289 Instructional Media Services 19,882,711 18,000 19,900,711 Instructional and Curriculum Development Services 33,849,848 16,177,455 50,027,303 Instructional Staff Training Services 11,140,182 20,794,336 31,934,518 Instruction Related Technology 9,237, ,332 9,342,227 Board 8,311,452 8,311,452 General Administration 8,527,477 2,537,871 11,065,348 School Administration 102,319,303 32, ,351,718 Facilities Acquisition and Construction 505,528 $524,973, ,479,357 Fiscal Services 6,744,204 6,744,204 Food Services 12,706 95,583,895 95,596,601 Central Services 14,841, ,468 15,517,978 Student Transportation Services 53,409, ,489 53,779,550 Operation of Plant 137,285, ,285,581 Maintenance of Plant 83,676, ,676,569 Administrative Technology Services 8,558,041 8,558,041 Community Services 50,497,870 28,993 50,526,863 Debt Services 816,000 $162,554, ,370,840 TOTAL EXPENDITURES $1,794,630,274 $196,175,011 $162,554,840 $524,973,829 $2,678,333,954 Transfers Out 162, ,467, ,630,707 Fund Balances/Reserves/Net Position 55,000,000 25,350, ,108, ,459,048 TOTAL APPROPRIATED EXPENDITURES TRANSFERS, RESERVES & BALANCES $1,849,793,169 $221,525,616 $280,663,283 $793,441,641 $3,145,423,709 The tentative, adopted, and/or final budgets are on file in the office of the above mentioned taxing authority as a public record. Page 42

47 GENERAL FUND BUDGET TENTATIVE FY 2018 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 2018 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 6% Fund Balance 7% Local Sources 56% Federal Sources <1% State Sources 31% APPROPRIATIONS ($MILLIONS) Proposed % of Budget Total Salaries & Benefits $ 1, % Purchased Services % Energy Services % Materials & Supplies % Capital Outlay % Other Expenses % Sub-Total $ 1,794.6 Fund Balance & Transfers % TOTAL BUDGET $ 1, % Energy 3% Materials & Supplies 7% FY 2018 Tentative Appropriations Capital <1% Purchased Services 15% Other 2% Fund Balance & Transfers 3% Salaries & Benefits 71% Page 43

48 Year-end FY 2016 FY 2017 FY 2017 FY 2018 Variance Increase/ Fourth Calc. Second Calc Fourth Calc 2nd Calc Decrease 4/21/2016 7/18/2016 4/21/2017 7/18/2017 FY18 vs. FY17 1 K-12 Unweighted FTE's 186, , , , , K-12 Weighted FTE's (Funded) 204, , , , , Prevalence State Base Student Alloc (BSA) 4,154 4,161 4,161 4, District Cost Differential (DCD) Palm Beach County Schools BSA $ 4,287 $ 4,299 $ 4,299 $ 4,383 $ 84 6 WTD FTE x BSA x DCD $ 878,509,138 $ 885,859,637 $ 895,451,204 $ 932,765,858 $ 37,314,654 7 ESE Guarantee 66,043,416 72,733,449 72,914,281 73,650, ,507 8 Supplemental Academic Instruction 35,355,377 41,263,879 40,288,272 40,974, ,306 9 Reading Instruction 8,617,445 8,617,184 8,705,888 8,857, , Safe Schools 4,223,311 4,221,449 4,232,469 4,313,782 81, DJJ Supplement 281, , , ,514 8, Instructional Materials 14,786,899 14,815,055 15,279,932 15,538, , Transportation 24,604,098 24,956,260 26,590,079 26,824, , Digital Classrooms Allocation 3,081,109 3,445,680 3,469,938 3,488,675 18, Teacher Supply 3,079,344 3,066,673 3,066,673 3,111,434 44, Proration to Available State Funds (2,343,377) (385,305) (507,474) - 507, Additional Funds ,717 - (55,717) 19 Instructional Materials Scholarship Deductions Virtual Education Contribution Federally Connected Student Supplement 4, ,271 26, Gross State and Local FEFP $ 1,036,243,283 $ 1,058,882,361 $ 1,069,791,833 $ 1,109,805,064 $ 40,013, Less: Required Local Effort Taxes (793,395,357) (782,414,735) (782,414,735) (778,249,536) 4,165, Total State FEFP $ 242,847,926 $ 276,467,626 $ 287,377,098 $ 331,555,528 $ 44,178,430 District Lottery/School Recognition 26 Lottery - Discretionary - - 3,370,613 3,430,071 59, Lottery - School Recog. $ 9,254,019 9,254,019 8,756,115 8,756, Total Lottery/School Recognition $ 9,254,019 $ 9,254,019 $ 12,126,728 $ 12,186,186 $ 59,458 Categorical Allocations 29 Class Size Reduction 212,375, ,215, ,734, ,543,649 5,809, Total State Categorical Funding $ 212,375,123 $ 215,215,306 $ 216,734,451 $ 222,543,649 $ 5,809,198 Local Funding 31 Palm Beach County Tax Roll $ 165,191,584,364 $ 178,613,927,082 $ 178,613,927,082 $ 190,165,751,792 $ 11,551,824, Required Local Effort (RLE) 793,395, ,414, ,414, ,249,536 (4,165,199) 33 Prior Year Required Local Effort 1,744,423 1,543,224 1,543,224 1,460,473 (82,751) 34 Discretionary Funds (Basic) 118,620, ,259, ,259, ,554,223 8,295, Voted Funds - Operating 39,645,980 42,867,342 42,867,342 45,639,780 2,772, Total Local Funding $ 953,406,533 $ 955,084,390 $ 955,084,390 $ 961,904,012 $ 6,819, TOTAL FUNDING $ 1,417,883,601 $ 1,456,021,341 $ 1,471,322,667 $ 1,528,189,375 $ 56,866,708 Millage Rates The School District Of Palm Beach County Florida Education Finance Program (FEFP) Detail* 38 Required Local Effort (RLE) (0.3000) 39 Prior Year RLE (0.0010) 40 Discretionary - Operating Voter Approved (FY ) Total Millage (0.3010) Total Funds per Unweighted FTE $ 7,610 $ 7,747 $ 7,771 $ 7,953 $ % * Excludes McKay Scholarships and prior year adjustments. Page 44

49 General Fund - All Revenue Fiscal Years 2014 to 2018 June 30, 2014 June 30, 2015 June 30, 2016 Fourth Calc. Final Conf Rpt Increase/ Year-End Year-End Year-End Current Projected (Decrease) Federal Revenue FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY17 to FY18 Impact Fees $ 5,933 $ 7,019 $ 5,663 $ 7,000 $ 7,000 $ - ROTC 971,892 1,060, , , ,000 - Medicaid Reimbursement 7,269,649 7,567,462 2,297,724 3,000,000 5,000,000 2,000,000 Federal through State 229, Sub-total $ 8,476,829 $ 8,635,064 $ 3,205,166 $ 3,807,000 $ 5,807,000 $ 2,000,000 State Revenue for K-12 Operations FEFP-FTE Generated $ 121,620,329 $ 96,058,929 $ 82,842,371 $ 113,027,536 $ 154,542,593 $ 41,515,057 ESE Block Grant 64,753,322 65,204,545 66,043,416 72,733,449 73,650, ,339 Supplemental Academic Instruction 34,389,540 34,651,002 35,355,377 40,288,272 40,974, ,306 Reading Instruction 8,536,863 8,565,235 8,617,445 8,705,888 8,857, ,544 Safe Schools 4,123,852 4,234,387 4,223,311 4,232,469 4,313,782 81,313 DJJ Supplement 246, , , , ,514 8,660 Instructional Materials 14,503,124 14,595,583 14,786,899 15,279,932 15,538, ,756 Transportation 24,324,907 23,482,167 24,604,098 26,590,079 26,824, ,965 Teacher Supply 3,043,876 3,054,489 3,079,344 3,066,673 3,111,434 44,761 ESE McKay Scholarships (8,861,203) (9,521,131) (10,221,645) (10,239,710) (10,444,504) (204,794) Digital Classrooms Allocation - 1,720,807 3,081,109 3,469,938 3,488,675 18,737 CO & DS 103, , , , ,000 - State License Tax 277, , , , ,000 - Discretionary Lottery 1,874, ,159-3,370,613 3,430,071 59,458 Class Size Reduction (categorical ) 207,018, ,872, ,395, ,734, ,543,649 5,809,198 School Recognition Funds 8,436,400 10,584,702 9,254,019 8,756,115 8,756,115 - Other State Sources 426, , , , ,000 - Sub-total $ 484,818,198 $ 464,448,187 $ 455,046,759 $ 506,945,559 $ 556,525,859 $ 49,580,300 State Revenue for Adult Education & VPK Workforce Development $ 18,633,199 $ 17,026,477 $ 17,014,911 $ 17,103,329 $ 17,547,983 $ 444,654 Workforce Development Incent Prog - 115, Adults With Disabilities 759, , Voluntary Pre-K Program 2,960,381 3,651,909 4,016,532 4,781,462 5,107, ,684 Sub-total $ 22,352,645 $ 21,554,136 $ 21,031,443 $ 21,884,791 $ 22,655,129 $ 770,338 Page 45

50 General Fund - All Revenue Fiscal Years 2014 to 2018 June 30, 2014 June 30, 2015 June 30, 2016 Fourth Calc. Final Conf Rpt Increase/ Year-End Year-End Year-End Current Projected (Decrease) Local Revenue for K-12 Operations Taxes, Required Local Effort (RLE) $ 678,258,226 $ 747,118,549 $ 814,927,981 $ 784,414,735 $ 780,249,536 $ (4,165,199) Taxes, Prior Year RLE 1,597,379 1,597,379 1,729,187 1,543,224 1,460,473 (82,751) Taxes, Discretionary - Basic 96,774,526 96,774, ,785, ,259, ,554,223 8,295,134 Taxes, Voter Approved - Operating (.25) 33,278,723 33,278,723 36,024,720 42,867,342 45,639,780 2,772,438 Payment in Lieu of Taxes 46,089 49, , , ,000 - Rent 814,303 5,851,262 2,352,354 1,700, ,000 (1,200,000) Interest Income 1,384,317 1,482,754 2,124,358 1,075,000 1,100,000 25,000 Gain on Sale of Investments 89,144 37, Gifts, Grants, Bequests 2,074,325 1,842,051 1,435,590 1,148, ,440 (500,000) Miscellaneous Local Sources 15,721,439 16,298,857 18,302,564 13,328,094 13,835, ,950 Erate 5,381,495 6,783,545 2,477,501 2,825,000 2,427,390 (397,610) Federal Indirect Costs 2,940,341 2,562,140 3,171,449 3,000,000 3,000,000 - Food Service Indirect Costs 1,039, ,266 1,293,683 1,200,000 1,200,000 - Sale of Capital Assets 100,068 4,895, Loss Recoveries 5,057, , , Sub-total $ 844,557,794 $ 919,677,465 $ 992,035,075 $ 981,560,924 $ 986,814,886 $ 5,253,962 Local Revenue - Fee Programs Adult General Ed. $ 691,322 $ 551,802 $ 643,425 $ 600,000 $ 600,000 $ - GED Testing 162,538 83,307 57, , ,000 - Community School 783, , , , ,000 - Before/After School 181, , , , ,000 20,000 Insurance - Student Athletics 745, , , , ,720 - Preschool Program 192, , , , ,000 - After School Program 30,998,254 32,571,457 37,624,007 37,703,000 37,684,000 (19,000) Sub-total $ 33,755,131 $ 35,178,221 $ 40,166,975 $ 40,042,720 $ 40,043,720 $ 1,000 Transfers In & Beginning Fund Balance From Capital $ 88,680,759 $ 91,341,538 $ 89,434,470 $ 96,796,579 $ 110,696,296 $ 13,899,717 From Internal Service Fund Closeout (Maint.) 13,000, Beginning Fund Balance 133,274, ,813, ,132, ,250, ,250,279 (0) Sub-total $ 234,955,220 $ 203,154,852 $ 206,566,780 $ 224,046,858 $ 237,946,575 $ 13,899,717 Total Sources $ 1,628,915,817 $ 1,652,647,924 $ 1,718,052,198 $ 1,778,287,852 $ 1,849,793,169 $ 71,505,317 Page 46

51 General Fund Revenue and Appropriations Fiscal Years 2015 to 2018 Revenue FY 2015 FY 2016 Adopted Amended Actual Adopted Amended Actual Federal Revenue $ 8,207,000 $ 8,635,064 $ 8,635,064 $ 6,167,000 $ 3,205,166 $ 3,205,166 State Revenue 477,884, ,002, ,006, ,167, ,078, ,078,541 Local Revenue 941,427, ,842, ,838,660 1,012,658,041 1,032,082,164 1,032,081,828 Incoming Transfers 106,325,307 91,341,538 91,341,538 92,932,324 89,434,470 89,434,470 Other Financing Sources 6,900,000 5,013,164 5,013, , ,886 Beginning Fund Balance 113,512, ,813, ,813, ,132, ,132, ,132,310 Total Revenue, Transfers, and Fund Balance $ 1,654,256,842 $ 1,652,647,924 $ 1,652,647,925 $ 1,710,056,786 $ 1,718,052,198 $ 1,718,052,201 Appropriations State FY 2015 FY 2016 Function Adopted Amended Expenditures Adopted Amended Expenditures Instructional Services 5000 $ 1,057,314,959 $ 1,045,694,792 $ 1,001,229,257 $ 1,104,673,721 $ 1,081,920,275 $ 1,028,301,890 Support Services: Student Support ,635,931 45,763,509 44,184,877 46,761,389 46,908,882 44,551,116 Media Services ,214,171 18,916,257 18,198,694 19,347,613 20,280,403 18,365,773 Curr. Development ,822,601 34,634,056 34,407,529 34,776,257 35,096,489 33,991,527 Instr. Staff Training ,983,228 10,916,242 10,248,393 9,268,177 10,284,827 9,461,711 Instr. Rel. Technology ,014,512 8,926,610 8,727,475 8,957,523 9,024,266 8,827,026 Board of Education ,160,913 7,340,538 6,778,245 7,881,260 7,714,798 6,747,835 General Admin ,507,767 6,540,923 6,431,768 7,176,941 7,480,959 7,428,146 School Admin ,278,852 97,326,992 96,768,304 97,821,404 99,873,347 99,740,255 Facilities Acq. & Constr , ,300 1,912, , ,341 2,892,710 Fiscal Services ,976,380 6,130,293 5,825,126 6,229,781 6,986,857 6,591,231 Food Service ,738 93,076 86,852 21, , ,012 Central Services ,706,374 16,039,563 14,479,011 14,575,451 15,520,119 14,991,277 Student Transportation ,521,087 47,635,167 46,865,446 49,055,237 49,793,977 49,101,315 Operations of Plant ,533, ,500, ,155, ,938, ,312, ,259,071 Maintenance of Plant ,955,854 75,103,533 69,681,092 75,702,757 75,554,493 70,415,629 Admin Technology Serv ,131,417 7,994,154 7,005,541 8,718,182 8,677,563 7,949,594 Community Services ,515,104 45,014,193 36,419,904 41,447,249 50,071,938 40,502,171 Debt Service , ,971 34, , ,700 29,006 Total Instructional and Support Services $ 1,606,049,842 $ 1,602,572,622 $ 1,535,440,312 $ 1,660,022,782 $ 1,653,501,569 $ 1,576,251,293 Total Transfers ,000 75,302 75,302 34,004 14,550,629 14,550,629 Reserves & Ending Fund Balance 48,200,000 50,000, ,132,310 50,000,000 50,000, ,250,279 Total Expenditures, Transfers and Fund Balance $ 1,654,256,842 $ 1,652,647,924 $ 1,652,647,925 $ 1,710,056,786 $ 1,718,052,198 $ 1,718,052,201 Page 47

52 General Fund Revenue and Appropriations Fiscal Years 2015 to 2018 Revenue Federal Revenue State Revenue Local Revenue Incoming Transfers Other Financing Sources Beginning Fund Balance Total Revenue, Transfers, and Fund Balance FY 2018 FY 2017 Estimated Adopted Amended Actual Revenue $ 3,807,000 $ 3,807,000 $ 5,807, ,080, ,830, ,180,988 1,021,613,537 1,021,603,644 1,026,858,606 93,600,000 96,796, ,696, ,250, ,250, ,250,279 $ 1,759,351,480 $ 1,778,287,852 $ - $ 1,849,793,169 Appropriations State Function Instructional Services 5000 Support Services: Student Support 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 Student 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 2018 FY 2017 Proposed Adopted Amended Expenditures Appropriations $ 1,126,206,761 $ 1,136,857,065 $ 1,197,390,542 46,788,359 47,129,301 47,624,294 19,546,036 20,115,262 19,882,711 33,261,624 33,722,808 33,849,848 10,818,619 11,102,381 11,140,182 9,015,022 9,392,748 9,237,895 7,742,654 8,012,488 8,311,452 7,476,485 7,600,988 8,527,477 99,517, ,311, ,319, , , ,528 6,766,783 7,048,716 6,744,204 17, ,614 12,706 14,986,931 15,518,830 14,841,510 52,743,084 52,750,275 53,409, ,280, ,364, ,285,581 79,316,038 80,296,442 83,676,069 7,915,587 7,871,451 8,558,041 50,794,283 50,560,691 50,497, , , ,000 $ 1,707,267,587 $ 1,726,078,412 $ - $ 1,794,630,274 83, , ,895 52,000,000 52,000,000 55,000,000 $ 1,759,351,480 $ 1,778,287,852 $ - $ 1,849,793,169 Page 48

53 General Fund Appropriations Five Year History Run-Time: 07/18/2017 at 04:35 PM District K-12 Appropriations Schools: Expend. FTE Budget Expend. % Chg. FTE Budget % Chg. Expend. FTE Elementary $ 482,392,751 7,889.2 $ 487,901,254 $ 477,659,711 7,717.2 $ 492,743,232 $ 491,175,184 7,739.5 Middle 200,652,007 3, ,878, ,439,273 3, ,039, ,704,704 3,029.2 High 270,750,052 3, ,927, ,579,727 3, ,168, ,279,666 4,033.5 Virtual 2,949, ,104,029 2,345, ,120,344 2,610, Education Alternatives 14,395, ,006,733 13,913, ,667,526 14,284, ESE Centers 11,571, ,164,695 11,268, ,063,528 11,547, Exceptional Student Ed OTS 35,234, ,199,657 39,688, ,845,155 41,052, School Recognition 8,419,155 11,261,753 10,600,140 9,915,630 9,220,932 Instructional Materials 14,657,750 14,129,322 12,874,220 13,307,844 11,005,041 Teacher Supply 2,821,480 2,815,100 2,798,568 2,839,389 2,507,591 Catagoricals - - 1,447,186 1,447, , Resrv. - Low300, ESOL, Count Day, Ra ,893, SLP Reserve - - Summer Programs , K12 Reading Initiative - CRRP School Improvement Dual Enrollment / Science Supplies FY 2014 FY 2015 FY 2016 Sub-total Schools 1,043,844,048 15, ,065,836,212 1,037,614,503-1% 15, ,109,250,054 4% 1,060,387,728 15,715.0 Departments: Governance 6,161, ,916,088 6,628, ,251,473 7,063, Deputy Superintendent 51,267, ,567,417 47,690, ,064,122 47,923, Strategic Communcations 2,333, ,232,460 2,930, ,996,297 2,966, Human Resources 5,685, ,096,623 5,982, ,175,677 6,290, Chief Financial Office 13,624, ,408,979 14,441, ,220,914 13,910, Chief Operating Office 66,957,301 1, ,838,796 67,331,269 1, ,267,021 69,373,322 1,364.9 Administration ,344 39, Sub-total Departments 146,208,486 2, ,060, ,004,611-1% 2, ,984,848-2% 147,567,096 2, ,060, ,004,611 District-Wide Items / Reserves Contingency Fund - 50,000,000-50,000,000 - Countywide Telephone 4,359,191 4,787,958 5,188,750 5,193,119 5,730,570 District Earmarks 4,497, ,468 4,461, ,689,660 4,310, Early Retirement 16,200 40,000-40,000 20,180 Employees on Leave 4, , , Insurance 2,573,602 3,172,497 2,598,420 2,826,015 2,741,976 Inventory Reserve 228, ,000 80,092 90,000 33,909 External Investigations 47,443 31,346 31, Performance Pay Reserve - 116, , , ,887 Tax Anticipation Note Issue 135, , , , ,678 Terminal Leave / Annual Leave Payoff 16,200,174 15,704,312 16,690,765 16,681,179 15,026,155 Utilities 40,747,691 40,747,691 41,217,684 40,342,530 40,542,528 Sub-total District Wide 68,810, ,759,393 70,511,216 2% ,230,303 10% 68,655, Capital Maintenance 79,065, ,568,560 80,948,563 2% ,346,053 0% 81,136, Transfers Out - Capital Projects ,302 75,302 14,550,629 14,550,629 Total District K-12 Appropriations 1,337,929,087 18, ,417,299,830 1,334,154,194 0% 18, ,483,361,886 5% 1,372,297,493 18,531.5 Charter Schools FEFP Allocation 112,601, ,332, ,404, ,586, ,883,908 - Charter School Capital Outlay 5,188,644 4,777,285 4,777,285 3,088,262 3,088,262 Total Charter Schools 117,789, ,109, ,182,186 18% - 153,674,942 6% 151,972,170 - District Non-FEFP Funded Appropriations VPK 4,541, ,177,740 5,020, ,018,850 5,419, Childcare / Enrichment 26,304, ,989,966 27,613, ,408,326 31,887, Adult Education and Community Schools 16,525, ,349,796 16,796, ,628,304 16,938, Adults with Disabilities 759, , , Misc Local Funds 11,554, ,960,339 11,988, ,959, ,287, Total District Non-FEFP Funded Appropriations 59,684, ,238,321 62,179,235 4% ,015,369-10% 66,532, Total General Fund Appropriations $ 1,515,403,490 19,017.4 $ 1,652,647,925 $ 1,535,515,615 1% 18,979.9 $ 1,718,052,198 4% $ 1,590,801,922 19, ,515,403,490 19, ,652,647,925 1,535,515,614 18, ,718,052, ,590,801,922 19,022.6 Page 49

54 General Fund Appropriations Five Year History Run-Time: 07/18/2017 at 04:35 PM District K-12 Appropriations Schools: Elementary Middle High Virtual Education Alternatives ESE Centers Exceptional Student Ed OTS School Recognition Instructional Materials Teacher Supply Catagoricals Resrv. - Low300, ESOL, Count Day, Ra SLP Reserve Summer Programs K12 Reading Initiative - CRRP School Improvement Dual Enrollment / Science Supplies Sub-total Schools FY 2017 Proposed 2018 Increase/(Decrease) Budget % Chg. Expend. FTE Budget FTE Budget FTE $ 503,220,552 $ 409,655,418 7,834.3 $ 506,896,817 7,877.7 $ 3,676, ,072, ,496,975 3, ,973,968 3, ,901, ,722, ,957,932 4, ,323,913 4,192.5 (10,398,745) ,136,239 2,040, ,231, ,095, ,965,970 12,008, ,223, (2,138,276) (33.9) 11,295,010 9,620, ,846, (448,551) (2.9) 40,968,293 33,934, ,476, ,603 (11.1) 9,450,814 8,875,497 8,756,115 (694,699) - 14,094,244 11,887,024 13,632,416 (461,828) - 3,122,541 2,691,672 3,111,434 (11,107) - 1,325,169 1,000,000-8,977,769-7,652,600-29,139, ,341,141-1,201,647-1,052,891-3,000,000 1,947,109-4,636,949 2,303,050-5,145, , , (249,482) - 2,550,966-3,430, ,105-1,152,910 1,104,939 1,076,739 (76,171) ,146,157,117 3% 904,576,853 15, ,156,444,311 16, ,891, Departments: Governance Deputy Superintendent Strategic Communcations Human Resources Chief Financial Office Chief Operating Office Administration 7,288,497 6,397, ,417, , ,546,034 42,116, ,868, ,322, ,929,558 4,142, ,511, (418,070) 1.0 6,604,276 5,969, ,087, ,965-16,050,778 13,836, ,625, (1,425,537) ,527,575 66,354,193 1, ,901,894 1, ,374, , , (243,283) (2.0) Sub-total Departments 154,190,002 6% 138,970,983 2, ,411,901 2, ,221, 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 52,000,000-55,000,000 3,000,000-5,750,000 4,245,222 5,750, ,939,929 1,312, ,941, ,001, , (10.0) 2,966,830 2,647,096 3,131, , , , , , , , , , ,607-16,800,000 5,052,213 17,000, ,000-44,942,530 35,639,034 45,000,000 57,470 - Sub-total District Wide 138,343,132 9% 49,672, ,990, ,647,087 (6.1) Capital Maintenance 91,502,378 6% 77,445, ,568, ,066, Transfers Out - Capital Projects 91,545 91, ,895 71,350 - Total District K-12 Appropriations Charter Schools FEFP Allocation Charter School Capital Outlay Total Charter Schools 1,530,284,174 3% 1,170,757,913 18, ,589,578,049 18, ,293, ,532, ,330, ,480,101-4,947,164-5,296,579 4,868,425 14,127,573 8,830, ,829,516 9% 146,199, ,607,674-13,778,158 - District Non-FEFP Funded Appropriations VPK Childcare / Enrichment Adult Education and Community Schools Adults with Disabilities Misc Local Funds Total District Non-FEFP Funded Appropria 7,723,016 5,218, ,489, , ,007,371 28,804, ,837, (1,170,266) (2.0) 19,249,028 15,060, ,993, (255,843) (4.0) ,076, ,393, ,287, (789,282) (0.7) 81,056,268 0% 60,477, ,607, (1,448,821) (0) Total General Fund Appropriations $ 1,778,169,958 3% $ 1,377,434,051 19,210.0 $ 1,849,793,169 19,420.7 $ 71,623, Page 50

55 The School District of Palm Beach County FY 2018 School Appropriations by Function and Program Core Allocation Function Description Elementary Middle High Alternative ESE Ctr. Total 5101 Basic K-3 170,914, ,914, Basic ,086, ,049,785 1,277,237 1,206, , ,022, Basic , ,784,887 2,766, ,025, Jr. ROTC 1,985,914 1,985, Fine Arts-Art 7,388,769 7,388, Fine Arts-Music 7,900,182 7,900, Fine Arts-PE 8,871,384 8,871, ESOL 24,425,909 5,927,994 8,510,856 60,906 38,925, General K-12 Classroom 8,000 37,507 25,629 71, Substitutes 4,042,067 1,566,697 2,268,791 47,662 72,401 7,997, Substitute for ESE Para's 312,145 88, ,871 81, , Year Round Supplements 2,692,674 2,467,769 2,382,577 45,912 42,681 7,631, Hearing Impaired 670, , ,065 67,013 1,273, Vision 134,026 67, , Gifted 28,694,552 3,293,837 31,988, Low Incidence 12,162,876 5,362,381 5,869,992 1,840,421 25,235, Varying Exceptionalities 21,077,387 12,120,340 12,328, , ,063 46,791, Emotional/Behavior Disabled 3,132,862 2,094,260 2,152,620 1,800,701 9,180, Intellectually Disabled 3,543,316 2,437,324 4,632,581 1,918,351 12,531, Pre-K ESE 12,743, ,358 1,290,002 14,230, Vocational ,372, , ,472 15,076, Seasonal Supplements 728,524 1,356,790 5,534,793 12,397 5,085 7,637, Attendance and Social Work 2,301, ,288 25,012 2,926, Guidance Counselors 7,479,528 4,968,261 8,176, , ,792 21,346, ESOL Guidance Counselors 3,119, ,575 1,417,920 5,392, Health Services 15, ,500 53, , Psychological Services 107, , Parental Involvement 33,968 33, Other Pupil Personnel Services 272, , Instructional Media Services 10,013,169 3,332,974 2,878,545 32, ,794 16,366, ESE Contacts 6,410,160 2,506,515 2,069, , ,966 11,493, ESOL Contacts 3,805, ,365 1,141,575 5,936, Crisis Intervention 480, , Instructional Staff Training 1,121, , ,043 13,618 87,699 2,267, School Administration 42,108,902 22,377,658 19,981,468 1,692, ,073 87,019, Student Transportation Field/Activity Trips 86,465 86, Operation Of Plant 21,629,822 9,319,818 13,089, , ,898 45,112, Security 131,627 2,560,571 3,032, ,928 67,837 6,179, Community Services 38,443 38,443 Subtotal Core Allocation $ 483,139,875 $ 192,936,092 $ 249,771,241 $ 9,702,148 $ 10,560,923 $ 946,110,279 Page 51

56 The School District of Palm Beach County FY 2018 School Appropriations by Function and Program Additional Program Resources Allocation Program Description Elementary Middle High Alternative ESE Ctr. Total 0000 Unassigned 483,139, ,936, ,771,241 9,702,148 10,560, ,110, Extended Day 1/2 Hr 432, , Instructional Tech Sprt Asst 4,106,232 39,483 4,145, Dual Language Teachers 1,343, ,652 67,163 1,679, In School Suspension 15, , ,505 75,468 1,005, SAI Categorical 7,304,417 7,304, Middle School Course Recovery 25, ,000 25,000 20, , Credit Recovery Program 17, , , Magnet Program 4,429,555 2,935,035 7,928,573 15,293, Montessori 50,260 50, Gender Equity 5,000 66, , , School Improvement 2,300 2, K-12 Reading Initiative CRRP 150, , Advanced Placement/IB 4,000 14,480,497 14,484, Industry Certification 199,873 2,839,362 3,039, Vocational-Middle Sch 67,988 5,648,394 5,716, Above Formula 586, ,887 1,366,313 2,611, Trade Offs 4,445,460 3,883,367 11,896,587 67,013 20,292, RooseveltLdshpAcadForYoungMen 335, , Juvenile Justice (DJJ) 1,531,390 1,531, FAU I-TED/AIT Project 62,076 5,173 67, Milestone Program 521, , Safe Schools 38,378 1,518,910 48, ,798 2,563, Summer Pilot for Sunrise Park ESE OTS 174, , SLP's-ESE 54,160 10,300 10,520 74, Staff Development 234,677 91,938 96,005 19,377 4, , Americans W/Disabilities Act 122,330 57, , , Accommodations 229,088 28, , Sabbatical Leave 182,761 72, , Union President 67,013 67,013 Subtotal Add'l Program Resources Allocation $ 23,756,942 $ 17,037,876 $ 40,552,673 $ 3,125,546 $ 285,536 $ 84,758, DJJ Reserve 495, Alternative Ed Reserve 900,000 Total District K-12 School Appropriations $ 506,896,817 $ 209,973,968 $ 290,323,913 $ 14,223,268 $ 10,846,459 $ 1,032,264,425 Virtual Schools 5,231,555 School Recognition 8,756,115 ESE OTS 41,476,896 SLP Reserve 3,000,000 Instructional Materials 13,632,416 Dual Enrollment/Science Supplies 1,076,739 Teacher Supplies 3,111,434 Categoricals 8,977,769 Summer Programs 5,145,750 Salary/FRS/Count Day/Extended Day/ESOL Reserves 30,341,141 School Improvement 3,430,071 $ 124,179,886 Total Budgets $ 1,156,444,311 Page 52

57 GENERAL FUND APPROPRIATIONS COMPARISON OF FY 2017 TO FY 2018 FY 2017 FY 2018 State Amended 5/31/17 Proposed Increase/ Category * Function Appropriations Appropriations (Decrease) Instruction Instruction 5000 $ 1,136,857,065 $ 1,197,389,042 $ 60,531,977 * Total Instruction: $ 1,136,857,065 $ 1,197,389,042 $ 60,531,977 Instructional Support Services Student Personnel Services 6100 $ 47,129,301 $ 47,624,294 $ 494,993 Instructional Media Services ,115,262 19,882,711 (232,551) Instruction & Curriculum Dev. Serv ,722,808 33,851, ,540 Instructional Staff Training Services ,102,381 11,140,182 37,801 Instruction Related Technology ,392,748 9,237,895 (154,853) Total Instructional Support Services: $ 121,462,500 $ 121,736,430 $ 273,930 Central Support Services Facilities Acquisition & Construction ,364 $505,528 $ (211,836) Fiscal Services ,048,716 6,744,204 (304,512) Food Services ,614 12,706 (100,908) Central Services ,518,830 14,841,510 (677,320) Student Transportation Services ,750,275 53,409, ,786 Operation of Plant ,364, ,285,581 1,921,013 * Maintenance of Plant ,296,442 83,676,069 3,379,627 * Admin Technology Services ,871,451 8,558, ,590 Debt Service , , ,607 Total Central Support Services: $ 300,273,653 $ 305,848,700 $ 5,575,047 Administrative Support Services Board ,012,488 $8,311,452 $ 298,964 General Administration ,600,988 8,527, ,490 School Administration ,311, ,319,303 1,008,277 Total Administrative Support Services: $ 116,924,502 $ 119,158,232 $ 2,233,730 Community Services Community Services ,560,691 50,497,870 (62,821) Total Community Services: $ 50,560,691 $ 50,497,870 (62,821) Countywide Reserves/Transfers Board Contingency Fund 2700 $ 52,000,000 $55,000,000 $ 3,000,000 * Reserve for Future Years Transfers Out , ,895 (46,545) Total Countywide Reserves/Transfers: $ 52,209,440 $ 55,162,895 $ 2,953,455 GRAND TOTAL $ 1,778,287,852 $ 1,849,793,169 $ 71,505,317 * 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% * $1,849,793,169 = $1,849,793 are also explained. Page 53

58 General Fund Appropriations Definition of Functions and Explanation of Variances Between Fiscal Years 2017 and 2018 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 ($1,849,793) when comparing the FY 2017 budget to FY 2018 tentative budget. The overall increase from the FY 2017 budget to the FY 2018 proposed budget is $71,505, 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 $60.5 million increase to instruction is related to the positions added to accommodate the anticipated growth in students at district schools, increase in pass through to charter schools, increase in fringe benefit rates due to a legislative increase in FRS rates and increase in health claims, reserve for salary incentives and carryovers not yet distributed (e.g. categoricals, AP/IB/AICE) 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 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 54

59 General Fund Appropriations Definition of Functions and Explanation of Variances Between Fiscal Years 2017 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 55

60 General Fund Appropriations Definition of Functions and Explanation of Variances Between Fiscal Years 2017 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 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 an approved rate increase by FPL 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 Debt Service. Expenditures for the retirement of debt and expenditures for interest on debt including interest on current loans. Page 56

61 General Fund Appropriations Definition of Functions and Explanation of Variances Between Fiscal Years 2017 and 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. The Contingency fund was increased $3.0 million to comply with Board Policy Page 57

62 CAPITAL PROJECTS FUNDS TENTATIVE FY 2018 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 % of Revenue Total CO & DS Distributed $ % Public Educ Capital Outlay % Charter School Capital Outlay % Other Misc State % Millage % Local Sales Tax % Interest % Impact Fees % Other Financing Sources % Transfers In % Fund Balance % TOTAL REVENUE $ % Public Educ Capital Outlay 1% CO & DS Distributed Transfers In 0% Tentative Revenue Other Misc State 0% Fund Balance 22% Other Financing Sources 26% Charter School Capital Outlay 0% Millage 35% Local Sales Tax 15% Impact Fees 1% Interest 0% APPROPRIATIONS ($MILLIONS) Tentative Appropriations Tentative % of ` Budget Total Buildings & Fixed Equip. $ % Furniture, Fixtures, & Equip % Remodeling & Renovations % Land % Motor Vehicles % Improvements % Computer Software % Transfers Out % TOTAL BUDGET $ % Buildings & Fixed Equip. 33% Furniture, Fixtures, & Equip. 11% Transfers Out 61% Remodeling & Renovations 11% Land <1% Motor Vehicles 5% Computer Software 2% Improvements 1% Page 58

63 FY 2018 Capital Budget Revenues FY 2018 State Sources Charter School Capital Outlay $ 3,500,000 CO & DS 2,861,549 Fuel Tax Proceeds 150,000 PECO Bonds - Maintenance 4,017,832 Subtotal State Sources 10,529,381 Local Sources Property Values 190,165,751,792 Local Capital Improvement (1.5 mil) 273,838,683 Fund Balance Carried Forward 126,615,632 Reserve for Future Years 17,172,861 Impact Fees 5,390,000 Interest Income 1,000,000 Transfers from General Fund 162,895 Subtotal Local Sources 424,180,071 Other Revenue Sources Certificates of Participation 190,666,660 Equipment Lease 19,118,440 Sales Tax Revenue 119,249,758 Sales Tax Reserves 29,697,331 Subtotal Other Revenue Sources 358,732,189 Total Revenues $ 793,441,641 Page 59

64 FY 2018 Capital Budget Project Name Project or Program Number Ongoing Projects from FY 2017 FY 2018 Base FY 2018 Adjustments FY 2018 New Funds Total FY 2018 Construction Projects Addition and Remodeling Projects Delray Full Service Center Remodel & Fields for Village Academy $ - $ 1,000,000 $ - $ 1,000,000 $ 1,000,000 Forest Hill HS Parking Lot , , , ,000 Forest Hill HS Addition ,840,000 1,840,000 1,840,000 Riviera Beach Prep Remodel ,021, ,021,856 Old DD Eisenhower ES - Demo / restore ,775 1,825,000-1,825,000 1,995,775 Old Gove ES - Demo / landbank ,640 1,858,360-1,858,360 2,000,000 Old Plumosa ES - Demo / landbank ,000,000-2,000,000 2,000,000 Roosevelt Full Service Center Remodel ,000,000-1,000,000 1,000,000 Transportation - South Drainage , ,700 Village Academy Kitchen Expansion ,200,000-1,200,000 1,200,000 West Tech Campus Modifications ,471,714 10,000,000-10,000,000 11,471,714 Total Addition and Remodeling 3,374,700 18,985,345 1,840,000 20,825,345 24,200,045 Modernization and Replacement Projects Addison Mizner ES Modernization ,003,785 (1,003,785) - - Adult Education Center Replacement ,444, ,444,710 Transportation - South Modernization ,500,000 (11,000,000) 1,500,000 1,500,000 Transportation - West Central (ST) ,553 15,000,000-15,000,000 15,023,553 Verde ES Modernization ,171,883 32,828,117 34,000,000 34,000,000 Washington ES Modernization ,079 10,320,921 10,800,000 10,800,000 Total Modernizations and Replacements 14,468,263 30,154,747 31,145,253 61,300,000 75,768,263 New Schools Greater WPB/Lake Worth Area High (03-OOO) ,067,500 95,067,500 95,067,500 Sunset Palms Middle (17-PP) ,787,800 42,787,800 42,787,800 Total New Schools ,855, ,855, ,855,300 Total Construction Projects $ 17,842,963 $ 49,140,092 $ 170,840,553 $ 219,980,645 $ 237,823,608 Other Items Page 60

65 FY 2018 Capital Budget Project Name Project or Program Number Ongoing Projects from FY 2017 FY 2018 Base FY 2018 Adjustments FY 2018 New Funds Total FY 2018 Debt Service Lease Payments for Bus Lease $ - $ 2,880,000 $ - $ 2,880,000 $ 2,880,000 Lease Payments for Bus Lease ,950,000 (20,038) 2,929,962 2,929,962 Lease Payments for Bus Lease ,450,000 (13,873) 1,436,127 1,436,127 Lease Payments for Certificates of Participation ,000, ,000, ,000,000 Lease Payments for Equipment Lease ,490,065 (14,638) 1,475,427 1,475,427 Lease Payments for Technology Lease ,050,000 4,050,000 4,050,000 Reserve for Technology Lease Payments ,008,000-3,358,000 3,358,000 13,366,000 Total Required Debt Service 10,008, ,770,065 7,359, ,129, ,137,515 Site Acquisition Site Acquisition ,699 1,100,000 1,700,000 2,800,000 3,763,699 Site Acquisition - ST ,088,640-4,011,360 4,011,360 5,100,000 Facility Leases - ST , , ,000 Total Site Acquisition 2,052,339 1,600,000 5,711,360 7,311,360 9,363,699 Contingency Capital Contingency ,570, ,570,789 Reserve for Future Years ,294,845 (10,294,845) - - Sales Tax Reserves ,970,655 13,970,655 13,970,655 Restricted Reserve , ,889 Total Contingency 45,648,678 10,294,845 3,675,810 13,970,655 59,619,333 Total Other Items $ 57,709,017 $ 165,664,910 $ 16,746,620 $ 182,411,530 $ 240,120,548 Page 61

66 FY 2018 Capital Budget Project Name Project or Program Number Ongoing Projects from FY 2017 FY 2018 Base FY 2018 Adjustments FY 2018 New Funds Total FY 2018 Non-Construction Projects and Transfers Required Non-Construction Payments Charter School Capital Outlay - State 8426 $ - $ 5,470,110 $ (1,970,110) $ 3,500,000 $ 3,500,000 Charter School Capital Outlay - Local ,627,573 10,627,573 10,627,573 Property Insurance ,000,000-8,000,000 8,000,000 Flood Insurance ,000 50, , ,000 Total Required Non-Construction Payments - 13,770,110 8,707,463 22,477,573 22,477,573 Equipment Capital Projects: AV Equipment Replacement Fund , , , ,956 Choice Furnishings , , , ,984 County-Wide Equipment (FF&E) ,381, , ,000 1,931,601 Musical Instruments , , , ,691 Subtotal Equipment Capital Projects 1,544,232 1,015,000-1,015,000 2,559,232 Transfers to General Fund: Transfer for Copier Maintenance ,250, ,733 4,984,733 4,984,733 Transfer for Equipment Maintenance , , , ,000 Transfer for Library Software Support , , ,000 Subtotal Equipment Transfers - 4,485, ,733 5,429,733 5,429,733 Total Equipment $ 1,544,232 $ 5,500,000 $ 944,733 $ 6,444,733 $ 7,988,965 Page 62

67 FY 2018 Capital Budget Project Name Project or Program Number Ongoing Projects from FY 2017 FY 2018 Base FY 2018 Adjustments FY 2018 New Funds Total FY 2018 Non-Construction Projects and Transfers (cont'd) Facility Renewal Projects Capital Projects: Bleachers - ST 7601 $ - $ 263,500 $ - $ 263,500 $ 263,500 Building Envelope - ST ,039,960 7,475,950 (3,670,000) 3,805,950 4,845,910 Compliance - ST ,405 5,019,831 (710,000) 4,309,831 4,455,236 Custodial Equipment - ST , , ,704 Fencing - ST , , , ,876 Fire/Life/Safety - ST ,260 5,043,278 (780,000) 4,263,278 4,440,538 Furniture Replacement - ST ,349,989-2,349,989 2,349,989 HVAC - ST ,000 25,856,658 (2,450,000) 23,406,658 23,906,658 Intercom/Sound Systems - ST ,632,120-2,632,120 2,632,120 Interior Repair/Improvement - ST ,665,283 (8,905,000) 5,760,283 5,760,283 Lighting - ST ,746 3,006,682 (1,910,000) 1,096,682 1,650,428 Parking Lots/Roads - ST ,168 2,245,206-2,245,206 3,116,374 Playfields and Exterior Repairs/Improvements - ST ,200 2,656,280-2,656,280 3,273,480 Plumbing - ST ,786,180-12,786,180 12,786,180 Roofs - ST ,861,896 11,076,076-11,076,076 16,937,972 Total Facility Renewal Projects $ 9,913,582 $ 96,013,666 $ (18,425,000) $ 77,588,666 $ 87,502,248 Page 63

68 FY 2018 Capital Budget Project Name Project or Program Number Ongoing Projects from FY 2017 FY 2018 Base FY 2018 Adjustments FY 2018 New Funds Total FY 2018 Non-Construction Projects and Transfers (cont'd) Other Facility Projects Capital Projects: Building Envelope 7591 $ 1,492,471 $ - $ - $ - $ 1,492,471 Compliance , ,568 Custodial Equipment , ,353 Environmental Services ,872 2,000,000-2,000,000 2,166,872 Fire Life Safety ,452, ,452, , , , ,414 Flood / Fire / Tornado HVAC , ,354 HVAC - WT Dwyer HS ,716, ,716,924 Interlocal Agreements , ,687 Interlocal Agreements-JFES sewer , , ,000 Media Centers ,570,000 2,570,000 2,570,000 Minor Projects ,541,631 2,000,000-2,000,000 4,541,631 Portable Leasing ,721-15,000 15, ,721 Relocatables - Relocation ,888-1,000,000 1,000,000 1,930,888 Relocatables - Walkway Canopies , ,341 Roofs , ,164 School Center Funds 065,8189, , , , ,745 Storm Recovery (FEMA) 884, 9893, , ,597 Traffic Improvements ,391-48,014 48,014 63,406 Subtotal Other Facility Capital Projects $ 13,083,927 $ 4,000,000 $ 4,145,909 $ 8,145,909 $ 21,229,837 Page 64

69 FY 2018 Capital Budget Project Name Project or Program Number Ongoing Projects from FY 2017 FY 2018 Base FY 2018 Adjustments FY 2018 New Funds Total FY 2018 Non-Construction Projects and Transfers (cont'd) Other Facility Projects (cont'd) Transfers to General Fund: Transfer for Building Envelope Maintenance 7591 $ - $ 2,219,520 $ (1,000,000) $ 1,219,520 $ 1,219,520 Transfer for Capital Project Support , , , ,514 Transfer for Environmental Control , ,718 1,019,781 1,019,781 Transfer for Fire/Life/Safety ,464,280 (114,000) 1,350,280 1,350,280 Transfer for Hurricane Prep ,000 (31,100) 18,900 18,900 Transfer for HVAC Maintenance ,436,060 1,450,500 3,886,560 3,886,560 Transfer for ITV Towers ,000 (10,000) 96,000 96,000 Transfer for Maintenance of Fulton Holland , , ,162 Transfer for Maintenance of Facilities ,250, ,846 34,001,015 34,001,015 Transfer for Maintenance Projects ,006,970 1,006,970 1,006,970 Transfer for Preventative Maintenance ,624, ,258 2,769,502 2,769,502 Subtotal Facilities Transfers - 43,305,604 2,983,600 46,289,204 46,289,204 Total Facilities 13,083,927 47,305,604 7,129,509 54,435,113 67,519,041 Security Capital Projects: Security Projects - Sales Tax ,072,750 5,250 3,078,000 3,078,000 School Security Projects 8188, ,615, ,050 (5,250) 309,800 5,925,613 Subtotal Security Projects 5,615,813 3,387,800-3,387,800 9,003,613 Transfers to General Fund: Transfer for Security ,218,928 81,349 2,300,277 2,300,277 Subtotal Security Transfers - 2,218,928 81,349 2,300,277 2,300,277 Total Security $ 5,615,813 $ 5,606,728 $ 81,349 $ 5,688,077 $ 11,303,890 Page 65

70 FY 2018 Capital Budget Project Name Project or Program Number Ongoing Projects from FY 2017 FY 2018 Base FY 2018 Adjustments FY 2018 New Funds Total FY 2018 Non-Construction Projects and Transfers (cont'd) Educational Technology Capital Projects: Classroom Technology - ST 7630 $ - $ 10,008,000 $ 15,760,440 $ 25,768,440 $ 25,768,440 Classroom Technology , ,946 Digital Divide ,067 40,000 (20,000) 20,000 93,067 Technology Tools , ,682 Subtotal Education Technology Projects 172,695 10,048,000 15,740,440 25,788,440 25,961,135 Transfers to General Fund: Transfer for Blackboard Engage (Edline/Gradequick) , , , ,054 Transfer for Equipment Maintenance ,000 (50,000) 300, ,000 Transfers for Data Warehouse (9054) ,605,409 (9,703) 1,595,706 1,595,706 Transfers for Data Warehouse (9049, 9229) ,864 (57,232) 188, ,632 Subtotal Educational Technology Transfers - 2,728, ,119 2,979,392 2,979,392 Total Educational Technology 172,695 12,776,273 15,991,559 28,767,832 28,940,527 Technology Capital Projects: Computer Refresh ,157 13,430,488 (5,895,009) 7,535,479 7,596,636 Cyber & Network Security ,182 1,725,000-1,725,000 2,618,182 Data Center Optimization , , , ,945 Back-End Infrastructure - ST , , ,200 1,199,109 Disk Storage - Infrastructure ,789,800-8,789,800 8,789,800 Enterprise Software , , , ,000 Hardware/Software ,500 77,175-77, ,675 Wireless Infrastructure - ST ,331 1,643,968-1,643,968 1,719,299 School Network Routers & Switches - ST , ,593 Networks ,079,844 1,025,000-1,025,000 3,104,844 School Phone Systems & PBX - ST ,500,000-4,500,000 4,500,000 School & District Servers - ST , , , ,056 Servers , ,824 Student System Replacement ,545,151 1,500,000-1,500,000 4,045,151 Subtotal Technology Projects $ 8,333,994 $ 33,409,131 $ (5,895,009) $ 27,514,122 $ 35,848,116 Page 66

71 FY 2018 Capital Budget Project Name Project or Program Number Ongoing Projects from FY 2017 FY 2018 Base FY 2018 Adjustments FY 2018 New Funds Total FY 2018 Non-Construction Projects and Transfers (cont'd) Technology (cont'd) Transfers to General Fund: Transfer for Application Systems 8934 $ - $ 2,042,599 $ 202,389 $ 2,244,988 $ 2,244,988 Transfer for Business Operating Systems ,852,842 (88,858) 1,763,984 1,763,984 Transfer for CAFM ,188,777 (204,228) 984, ,549 WCMS Web Content Mgmt Sys , , ,156 Mobile App ,300 68,300 68,300 Transfer for ERP ,506,451 42,884 3,549,335 3,549,335 Transfer for IT Security ,160,100 (348,825) 811, ,275 Transfer for Portal Project ,330 (4,772) 51,558 51,558 Transfer for Project Management Initiative ,102 38,102 38,102 Transfer for School Center Admin Technology ,323 (269,511) 348, ,812 Transfer for Secondary Tech Maintenance ,097, ,359 3,199,014 3,199,014 Transfer for Strategic Initiatives , , ,789 Transfer for System Lifecycle Management Endpoint Security ,000 (338,590) 636, ,410 Transfer for Technology Infrastructure ,080,386 1,020,899 9,101,285 9,101,285 Subtotal Technology Transfers - 22,578, ,094 23,308,557 23,308,557 Total Technology $ 8,333,994 $ 55,987,594 $ (5,164,915) $ 50,822,679 $ 59,156,673 Page 67

72 FY 2018 Capital Budget Project Name Project or Program Number Ongoing Projects from FY 2017 FY 2018 Base FY 2018 Adjustments FY 2018 New Funds Total FY 2018 Non-Construction Projects and Transfers (cont'd) Transportation Capital Projects: School Buses - ST 7640 $ 9,056,664 $ 9,097,600 $ - $ 9,097,600 $ 18,154,264 Support Vehicles - School Police - ST , , , ,000 Support Vehicles - Maintenance - ST , , ,000 1,600,000 Support Vehicles (Reserve) ,402, ,402,412 Transportation Equipment and Furnishings , ,333 Subtotal Transportation Projects 12,399,410 10,297,600-10,297,600 22,697,010 Transfers to General Fund: Transfer for Contracted Transportation ,500,000-1,500,000 1,500,000 Transfer for Transportation Maintenance ,401,595 9,965 6,411,560 6,411,560 Subtotal Transportation Transfers - 7,901,595 9,965 7,911,560 7,911,560 Total Transportation 12,399,410 18,199,195 9,965 18,209,160 30,608,570 Sub-total Non-Construction Projects 51,063, ,171,197 (4,433,660) 153,737, ,801,190 Sub-total Non-Construction Transfers Total Non-Construction Projects & Transfers 3423, 3600, 3722, ,987,973 13,708, ,696, ,696,296 51,063, ,159,170 9,274, ,433, ,497,486 Total Capital Budget $ 126,615,632 $ 469,964,172 $ 196,861,837 $ 666,826,009 $ 793,441,641 Total Capital Revenues 126,615, ,964, ,861, ,826, ,441,641 Budget (Shortfall) or Excess $ - $ - $ - $ - $ - Page 68

73 SPECIAL REVENUE - FOOD SERVICE FUND TENTATIVE FY 2018 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 2018 Tentative Revenue Fund Balance 21.17% Local Sources 13.07% Federal through State 64.85% State Sources 0.91% APPROPRIATIONS ($MILLIONS) Proposed % of Budget Total Salaries $ % Employee Benefits % Purchased Services % Energy Services % Materials & Supplies % Capital Outlay % Other Expenses % Subtotal $ % Fund Balance % TOTAL BUDGET $ % Capital Outlay 3.72% FY 2018 Tentative Appropriations Other Expenses 2.32% Materials & Supplies 32.34% Fund Balance 20.93% Purchased Services 9.26% Salaries 20.10% Employee Benefits 9.35% Energy Services 1.99% Page 69

74 SPECIAL REVENUE - OTHER FUNDS TENTATIVE FY 2018 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 % Federal through Local % Misc Federal Through State % State % Local Sources % Fund Balance % TOTAL REVENUE $ % Vocational Education Acts 1.79% FY 2018 Tentative Revenue Misc Federal Through State 11.73% Title I 43.14% State 0.40% IDEA 40.46% Local Sources 0.50% APPROPRIATIONS ($MILLIONS) Proposed % of Budget Total Salaries & Employee Benefits $ % Purchased Services % Energy Services % Materials & Supplies % Capital Outlay % Other Expenses % Ending Fund Balance % TOTAL BUDGET $ % Materials & Supplies Energy 6.96% Services < 1% Purchased Services 13.52% FY 201 Tentative Appropriations Capital Outlay 2.49% Other Expenses 4.67% Salaries & Employee Benefits 72.37% Page 70

75 DEBT SERVICE FUNDS PROPOSED FY 2018 REVENUE & 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 2018 Estimated 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 2018 Proposed Appropriations SBE & COBI Bonds 1% Fund Balance 42% Other Debt Service 57% Page 71

76 INTERNAL SERVICE FUNDS HEALTH AND LIABILITY SELF-INSURANCE TENTATIVE FY 2018 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 Misc Local Revenue % Beginning Fund Balance % TOTAL REVENUE $ % Other Misc Local Revenue 0% Tentative Revenue Beginning Fund Balance < 1 Premium Revenue 77% 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 22% Purchased Services <1% Material & Supplies <1% Capital Outlay <1% Other Expenses (Claims) 77% Page 72