Proposed Tentative Budget First Public Hearing August 1, 2013
Presentation Outline Proposed Millage Budget Information Enrollment Projections Operating Capital Timeline Format of Budget Books Next Steps Q&A 2
Brevard s Tax Roll Growth & Decline Fiscal Year Tax Roll % Change 1999-00 15,910,272,000 -- 2000-01 16,924,947,000 6.38% 2001-02 18,316,371,454 8.22% 2002-03 19,695,633,660 7.53% 2003-04 22,087,435,919 12.14% 2004-05 25,334,959,340 14.70% 2005-06 31,060,244,010 25.98% 2006-07 39,311,747,501 26.57% 2007-08 40,927,287,793 4.11% 2008-09 41,345,104,921 1.02% 2009-10 36,725,460,270-11.17% 2010-11 32,390,012,540-11.81% 2011-12 27,812,038,128-14.13% 2012-13 * 27,457,119,387-1.28% 2013-14 ^ 28,725,623,018 4.62% Source: Comprehensive Annual Financial Reports (CAFR), except for the following: * Adjusted Final Taxable Value as of March 15, 2013 ^ Certified Taxable Value by Property Appraiser on June 26, 2013 3
Brevard s Tax Roll Growth & Decline Fiscal Year Tax Roll % Change 2011-12 27,812,038,128-14.13% 2012-13 * 26,446,211,043-4.91% 2012-13 # 27,206,326,184-2.18% 2012-13 & 27,502,891,297-1.11% 2012-13 > 27,457,119,387-1.28% 2013-14 + 28,304,137,786 3.08% 2013-14 < 28,485,478,179 3.75% 2013-14 ^ 28,632,714,623 4.28% 2013-14 = 28,725,623,018 4.62% * Taxable Value on FEFP 1 st Calculation dated March 6, 2012 # Estimated by Property Appraiser on May 30, 2012 & Certified Taxable Value by Property Appraiser on June 21, 2012 > Adjusted Final Taxable Value as of March 15, 2013 + Taxable Value on FEFP 1 st Calculation dated April 29, 2013 < Property Appraisers Preliminary Estimates dated April 30, 2013 ^ Notice of Estimate for the 2013 Tax Roll dated May 30, 2013 = Certified Taxable Value from Property Appraiser on June 26, 2013 4
Tax Roll History and Projections 45,000,000,000 40,000,000,000 35,000,000,000 30,000,000,000 25,000,000,000 20,000,000,000 15,000,000,000 10,000,000,000 Note: Numbers reflect those listed on slide 3 for years 1999-00 through 2013-14. Years 2014-15 through 2023-24 have been projected to reflect the first time the tax roll is expected to exceed the 2008-09 level. 5
Tax Roll Changes 2012-13 vs. 2013-14 Of the 67 School Districts in Florida: 20 districts decreased (between 0.07% and 6.25%) 47 districts increased (between 0.08% and 12.20%) Statewide average is +3.47% Brevard s increase of 4.45% is 11 th highest in the state Sources: 2012-13 Florida Education Finance Program (FEFP) 4 th Calculation 2013-14 Florida Education Finance Program (FEFP) 2 nd Calculation 6
History of School Board Millage Levy Fiscal Year Total Millage Difference % 1998-99 9.578 -- -- 1999-00 9.171-0.407-4.25% 2000-01 8.908-0.263-2.87% 2001-02 8.674-0.234-2.63% 2002-03 8.605-0.069-0.80% 2003-04 8.405-0.200-2.32% 2004-05 8.194-0.211-2.51% 2005-06 7.963-0.231-2.82% 2006-07 7.667-0.296-3.72% 2007-08 7.531-0.136-1.77% 2008-09 7.661 0.130 1.73% 2009-10 7.687 0.026 0.34% 2010-11 7.653-0.034-0.44% 2011-12 8.112 0.459 6.00% 2012-13 8.096-0.016-0.20% 2013-14 7.606-0.490-6.05% Difference Since 1998-99 -1.972-20.59% Note: Each year the Board has levied the maximum allowed by law without voter referendum. 7
Proposed Millage Changes Required Local Effort (RLE) 5.358 mills Millage required by the State to be levied If not, would receive no Federal, State, or Local dollars 2013-14 requirement of 5.349 mills, plus Prior Period Funding Adjustment (year 2012-13) of 0.009 mills 5.349 mills generates $147,507,223 0.009 mills generates $245,235 RLE comprises 70% of the total proposed millage levy 8
Proposed Millage Changes Discretionary Millage 0.748 mills 2008-09 Legislation mandated transfer of 0.250 mills from Capital to Operating 2009-10 Legislation authorized to transfer 0.250 mills from Capital to Operating optional Attempt of Legislature to hold total millage at same level, but used to balance Operating Budget This budget assumes will still move 0.250 mills from the Capital Projects Fund to the Operating Fund Currently subject to Compression by the State State guarantees average per FTE of $385.16 State will provide Brevard $88.75 per FTE or $6,176,155 Without compression 0.748 mills generates $20,627,295 9
Proposed Millage Changes Capital Outlay Millage 1.500 mills 2008-09 Legislation mandated transfer of 0.250 mills from Capital to Operating 2009-10 Legislation authorized to transfer 0.250 mills from Capital to Operating optional Attempt of Legislature to hold total millage at same level, but used to balance Operating Budget This budget assumes will still move 0.250 mills from the Capital Projects Fund to the Operating Fund If millage not moved, Operating would lose approximately 1/3 (or $2.1 million) of the Discretionary Millage Compression from the State 1.500 mills generates $41,364,897 10
Proposed 2013-14 Millage Operating - Required Local Effort - Local Discretionary - Critical Needs Capital Outlay Total Millage Actual 2012-13 Proposed 2013-14 Increase/ Decrease 5.598 5.358-0.240 0.748 0.748 0.000 0.250 0.000-0.250 1.500 1.500 0.000 8.096 7.606-0.490 11
Rolled-Back Rate Details The rolled-back rate is the new year property tax levy that would (after the value of new construction is deducted) produce the same amount of revenue as the previous year (but using this year s tax roll) Total 2012-13 Actual Millage 8.096 Total 2013-14 Rolled-Back Rate 7.7956 Total 2013-14 Proposed Millage 7.606 The 2013-14 Proposed Millage rate is: 2.43% lower than the 2013-14 Rolled-Back Rate 6.05% lower than the 2012-13 Actual Millage 12
Proposed Millage vs. Rolled-Back Operating - Required Local Effort - Local Discretionary Capital Outlay Total Millage Rolled-Back 2013-14 Proposed 2013-14 Increase/ Decrease 5.3903 5.358-0.0323 0.9610 0.748-0.2130 1.4443 1.500 0.0557 7.7956 7.606-0.1896 13
Tax on Residential Home Scenario #1 Assumes no change in assessed valuation of $100,000 home Home Value $100,000 Less Homestead Exemption -25,000 Taxable Value of Home $75,000 Taxes Paid in 2012-13 $607.20 Taxes Proposed for 2013-14 $570.45 Tax Decrease for 2013-14 -$36.75 14
Tax on Residential Home Scenario #2 Assumes 1.7% ($1,700) increase in assessed valuation of $100,000 home Home Value $101,700 Less Homestead Exemption -25,000 Taxable Value of Home $76,700 Taxes Paid in 2012-13 $607.20 Taxes Proposed for 2013-14 $583.38 Tax Decrease for 2013-14 -$23.82 15
Tax on Residential Home Scenario #3 Assumes 10% ($10,000) increase in assessed valuation of $100,000 home Home Value $110,000 Less Homestead Exemption -25,000 Taxable Value of Home $85,000 Taxes Paid in 2012-13 $607.20 Taxes Proposed for 2013-14 $646.51 Tax Increase for 2013-14 +$39.31 16
Millage Decrease & Tax Roll Increase Millage Tax Roll Dollars Generated 2012-13 2013-14 Difference 8.096 7.606-0.490 $27,457,119,387 $28,725,623,018 $1,268,503,631 $213,401,125 $209,747,605 -$3,653,520 Operating: -$2,932,999 Capital: -$720,521 By law, additional dollars are calculated at 96% collection rate 17
Proposed Tentative Budget Amended 2012-13 Proposed 2013-14 Difference % Operating 535,249,617 541,230,596 5,980,979 1.12 Special Revenue 84,438,364 86,733,978 2,295,614 2.72 Debt Service 43,039,254 42,497,964-541,290-1.26 Capital Outlay 96,659,914 88,925,982-7,733,932-8.00 Enterprise Fund 8,293,039 8,131,799-161,240-1.94 Subtotal 767,680,188 767,520,319-159,869-0.02 Less Transfers 42,749,603 39,737,919-3,011,684-7.04 Total 724,930,585 727,782,400 2,851,815 0.39 Internal Service 80,002,105 76,512,108-3,489,997-4.36 18
Student Growth/Decline Year Membership Number Percent 2000-01 70,658 655 0.94 2001-02 71,625 967 1.37 2002-03 72,533 908 1.27 2003-04 73,912 1,379 1.90 2004-05 75,216 1,304 1.76 2005-06 76,062 846 1.12 2006-07 75,676-386 -0.51 2007-08 75,235-441 -0.58 2008-09 74,000-1,235-1.64 2009-10 73,352-648 -0.88 2010-11 72,913-439 -0.60 2011-12 72,906-7 -0.01 2012-13 72,526-380 -0.52 2013-14 * 72,743 217 0.30 * Projected for 2013-14 19
History of Student Membership Year Total District Charters 2000-01 70,658 69,608 1,050 2001-02 71,625 70,212 1,413 2002-03 72,533 70,957 1,576 2003-04 73,912 72,150 1,762 2004-05 75,216 73,099 2,117 2005-06 76,062 73,230 2,832 2006-07 75,676 72,210 3,466 2007-08 75,235 72,215 3,020 2008-09 74,000 70,951 3,049 2009-10 73,352 70,152 3,200 2010-11 72,913 69,459 3,454 2011-12 72,906 70,320 2,586 2012-13 72,526 69,997 2,529 2013-14 * 72,743 69,033 3,710 * Projected for 2013-14 20
Students with Parents Working at KSC or CCAFS Historical Totals Year KSC CCAFS Total 2005-06 5,633 1,571 7,204 2006-07 5,174 1,565 6,739 2007-08 5,025 1,440 6,465 2008-09 4,935 1,355 6,290 2009-10 4,619 1,231 5,850 2010-11 3,941 1,152 5,093 2011-12 2,707 1,147 3,854 2012-13 2,446 986 3,432 Note: From 2011-12 to 2012-13, there was a decrease of 422 (-10.95%) 21
History of Change in Employee Positions Actual 2012-13 vs. Proposed 2013-14 Actual Proposed Change Positions 2012-13 2013-14 Number Percent Classroom Teachers 4,830.18 4,523.67-306.51-6.35 Instructional Support 464.73 445.83-18.90-4.07 Instructional Assistants 898.14 895.41-2.73-0.30 Support - School-Level 2,375.89 2,227.61-148.28-6.24 Administrators - School-Level 227.00 219.50-7.50-3.30 Support - District-Level 341.54 345.79 4.25 1.24 Administrators - District-Level 40.00 39.00-1.00-2.50 Total 9,177.48 8,696.81-480.67-5.24 Membership 69,997 69,033-964 -1.38 FTE 68,007.94 65,889.99-2,117.95-3.11 Notes: 1. Excludes Adult Education Teachers/Other 2. District-Level Administration will be reduced to 39.00 on 11/1/13 3. All numbers exclude charter schools 22
Head Start Employee Positions Positions 2013-14 Classroom Teachers 36.000 Instructional Support 5.000 Instructional Assistants 36.305 Support - School-Level 3.100 Administrators - School-Level -- Support - District-Level 21.550 Administrators - District-Level -- Total 101.955 23
History of Change in Employee Positions Actual 2007-08 vs. Proposed 2013-14 Without Head Start Actual Proposed Change Positions 2007-08 2013-14 Number Percent Classroom Teachers 4,935.07 4,487.67-447.40-9.07 Instructional Support 456.70 440.83-15.87-3.47 Instructional Assistants 878.02 859.11-18.92-2.15 Support - School-Level 2,713.87 2,224.51-489.36-18.03 Administrators - School-Level 242.00 219.50-22.50-9.30 Support - District-Level 372.19 324.24-47.95-12.88 Administrators - District-Level 50.00 39.00-11.00-22.00 Total 9,647.85 8,594.86-1,053.00-10.91 Membership 72,215 68,409-3,806-5.27 FTE 70,502.07 65,889.99-4,612.08-6.54 Notes: 1. Excludes Adult Education Teachers/Other 2. District-Level Administration will be reduced to 39.00 on 11/1/13 3. All numbers exclude charter schools 24
Operating Budget Revenue Amended 2012-13 Proposed 2013-14 Difference % Federal 2,584,386 2,584,386 0 0.00 State - FEFP 198,781,377 228,789,908 30,008,531 15.10 State - Categoricals/Other 91,159,791 91,831,938 672,147 0.74 Local - Property Taxes 174,152,708 168,379,753-5,772,955-3.31 Local - Other 7,422,269 5,625,190-1,797,079-24.21 Total Revenue 474,100,531 497,211,175 23,110,644 4.87 Other Sources 1,299,035 1,299,035 0 0.00 Fund Balance 59,850,051 42,720,386-17,129,665-28.62 Grand Total 535,249,617 541,230,596 5,980,979 1.12 25
2013-14 FEFP Funding Issues Base Student Allocation (BSA) $3,752.30 Since 2012-13 increase of $169.32 or +4.73% Since start of 2007-08 decrease of $327.44 or -8.03% District Cost Differential (DCD) 1.0088 Increase of 0.0029 or +0.29% BSA times DCD $3,785.32 Since 2012-13 increase of $181.20 or +5.03% Since start of 2007-08 decrease of $231.18 or -5.76% 26
Base Student Allocation & District Cost Differential Fiscal Year BSA DCD BSA * DCD Difference 2003-04 3,630.03 0.9699 3,520.77 69.26 2004-05 3,670.26 0.9755 3,580.34 59.57 2005-06 3,742.42 0.9804 3,669.07 88.73 2006-07 3,981.61 0.9865 3,927.86 258.79 2007-08 * 4,163.47 0.9845 4,098.94 171.08 2007-08 4,079.74 0.9845 4,016.50-82.44 2008-09 * 3,971.74 0.9843 3,909.38-107.12 2008-09 3,886.14 0.9843 3,825.13-84.25 2009-10 3,630.62 0.9892 3,591.41-233.72 2010-11 3,623.76 0.9938 3,601.29 9.88 2011-12 3,479.22 1.0014 3,484.09-117.20 2012-13 ^ 3,582.98 1.0059 3,604.12 120.03 2013-14 * 3,752.30 1.0088 3,785.32 181.20 Source: Final FEFP Calculation for each year except as follows: * 2 nd FEFP Calculation ^ 4 th FEFP Calculation 27
Capital Projects Revenues Estimated 2012-13 Proposed 2013-14 Difference % PECO-New Construction 0 0 0 0 PECO - Maintenance 0 0 0 0 Other-State 549,957 510,000-39,957-7.27 Local Revenue 39,688,252 46,523,351 6,835,099 17.22 Total Revenues 40,238,209 47,033,351 6,795,142 16.89 Other Sources 5,716,796 3,100,000-2,616,796-45.77 Fund Balance 50,704,909 38,792,631-11,912,278-23.49 Total 96,659,914 88,925,982-7,733,932-8.00 28
Capital Projects Expenditures Project Amount Remodel/Renovation/Maintenance $6,171,457 Food Services Maintenance $200,000 Health and Safety Projects $150,000 Portable Relocation $150,000 Up to 10 School Buses $1,000,000 Refreshment & Other Technology $4,250,000 Repair at Failure $2,560,000 COP Payment $33,322,104 Other Various Capital Projects $2,329,790 Total Capital Projects Funded with New Dollars $50,133,351 Capital Projects/Debt Funded by Fund Balance $38,792,631 Grand Total $88,925,982 29
Timeline November 9 Facility Workshop (School Closures Announced) December 14 Submitted FTE (Student) Projections to State December 21 Budget Workshop Proposed Budget Cuts and Revenue Enhancements February 18-25 Four (4) Community Forums March 12 Board Approves Proposed Budget Cuts and Revenue Enhancements May 3 Florida Legislative Session ended June 27 Board Approves Revised List of Proposed Budget Cuts and Revenue Enhancements 30
Timeline (cont.) June 27 Preliminary Budget Workshop July 27 Newspaper advertisement for 1st Public Hearing August 1 First Public Hearing to Adopt Tentative Budget and Millage, 5:30 p.m. at Educational Services Facility Third week of August Proposed Tax Notices mailed by Tax Collector to property owners, which also advertises the 2nd (Final) Public Hearing September 5 2nd Public Budget Hearing to Adopt Final Budget and Millage, 5:30 p.m. at Educational Services Facility 31
Format of Budget Books Provided for comparison purposes Prior year being compared to new year 2012-13: Adopted Budget (9/6/12) Amended Budget (as of 5/31/13) 2013-14: Proposed Tentative Budget (8/1/13) Percent of total for each column has been included in the book for easy reference. Note: Budget books dating back to 1968-69 are available in the reference section of all Brevard public libraries. 32
Format of Budget Books Reminder that new salary object codes are being utilized in the Operating Budget (see page 15) All information will be updated for the Final Public Hearing on September 5 th Automated Labor updated for 2013-14 Actual Year-End Budget and Expenditures for 2012-13 Actual Fund Balance Information for 2012-13 Additional pages still provided for ARRA (Special Revenue Funds) to reflect Race to the Top dollars 33
Contact Information If you should require additional information, please contact: Judy Preston Associate Superintendent, Financial Services 321-633-1000, ext. 600 preston.judy@brevardschools.org Karen Strickland Director, Planning, Budgets, and Reporting 321-633-1000, ext. 610 strickland.karen@brevardschools.org Jo Ann Clark Director, Accounting Services 321-633-1000, ext. 660 clark.joann@brevardschools.org District Website: www.brevardschools.org 34
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