Okaloosa County School Board — Workshop Meeting, September 8, 2022 — reading text

not been certified for the tax levy. 17. Public Hearing Subject : 17.5 Basic Discretionary Operating Millage Rate of 0.7480 mills, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Sep 8, 2022 - Workshop Meeting Type : Action Recommended Action : Motion to adopt the Basic Discretionary Operating Millage Rate of 0.7480 mills. Public Content The Florida Legislature set the maximum discretionary current operating millage at 0.748 mills. School boards may levy an additional capital outlay millage not to exceed 0.250 mills in lieu of levying an equivalent amount of the discretionary current operating millage. The District has chosen to levy 0.748 mills for Discretionary Local Effort. All school districts levy this millage, and the State includes the funding generated by this millage when calculating the amount of funds a school district receives. 17. Public Hearing Subject : 17.6 Capital Outlay Millage Rate of 1.5000 mills, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Sep 8, 2022 - Workshop Meeting Type : Action Recommended Action : Motion to adopt the Capital Outlay Millage Rate of 1.5000 mills. Public Content School boards may levy up to 1.500 mills for capital outlay and maintenance. The District has included this levy in its millage. The funds generated by this levy will be used for: maintenance, renovation, and repair; motor vehicle purchases; 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; payments for educational facilities and sites due under a lease purchase agreement; payments of loans approved pursuant to SS. 1011.14 and 1011.15, F.S.; payment of costs of compliance with environmental statutes, rules, and regulations; and payment of costs of leasing relocatable educational facilities. 17. Public Hearing Subject : 17.7 Total Millage Levy of 5.5790 mills, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Sep 8, 2022 - Workshop Meeting Type : Action Recommended Action : Motion to adopt the Total Millage Levy of 5.5790 mills. Public Content The Total Millage Levy for fiscal year 2022-2023 is 0.3640 mills less than fiscal year 2021-2022. Please see the attached document which contains a history of all millage rates approved since fiscal year 1991-1992. File Attachments Millage 32-Year History.pdf (51 KB) 17. Public Hearing Subject : 17.8 Resolution 22-11 Adopting the Millage Rates for Fiscal Year 2022- 2023, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Sep 8, 2022 - Workshop Meeting Type : Action Recommended Action : Motion to approve Resolution 22-11 Adopting the Millage Rates for Fiscal Year 2022-2023. File Attachments Resolution 22-11 - ESE524 - FY 2023.pdf (83 KB) 17. Public Hearing Subject : 17.9 Okaloosa County School District Budget, General Fund, for Fiscal Year 2022-2023, presented by Julie Perry, Chief Financial Officer and recommended by the Superintendent for approval. Meeting : Sep 8, 2022 - Workshop Meeting Type : Action Recommended Action : Motion to adopt Okaloosa County School District Budget, General Fund, for Fiscal Year 2022-2023, in the amount of $373,561,498.83. Public Content The General Fund is projected to increase $28.7 million when comparing actual results for fiscal year 2021-2022 of $344.9 million to projected revenue for fiscal year 2021-2022 of $373.6 million. This difference results from various increases and decreases in our revenue streams, transfers, and fund balance. The general fund includes operating revenue and categoricals/restricted funds. The following revenue sources (in millions) may be used for operating expenditures, including class size reduction: FY 2021-2022 FY 2022-2023 Increase/ Revenue Actual Estimated (Decrease) FEFP Base Funding $71.9 $83.7 $11.8 Class Size Reduction 31.8 32.4 0.6 Supplemental Academic Instruction 8.9 8.9 0.0 Federally Connected Students Supplement 2.8 2.9 0.1 District School Taxes 96.7 105.6 8.9 Tax Redemptions 0.1 0.1 0.0 Interest on Investments 0.1 0.1 0.0 Federal Indirect Cost Reimbursement 1.9 0.4 (1.5) School Food Service Indirect Cost Reimbursement .4 0.1 (0.3) Total Operating/Class Size Revenue $214.6 $234.2 $19.6 When reviewing the increase to the total operating/class size revenue, it is important to take into account the following anticipated increased expenditures (in millions) for fiscal year 2022-2023 in order to see the true impact to the budget:  Description Amount Total Operating/Class Size Revenue Increase $19.6 Increased Funding to Charter Schools & Family Empowerment Scholarships (Private Schools) (9.5) Increased Cost of Florida Retirement Contributions Due to Rate Increase (1.8) Increased Salary Costs Due to Raising Minimum to $15/Hour (2.9) Increased Electricity Costs Per Florida Power & Light (0.8) Funds Remaining for All Other Increases, Including Salaries $4.6 17. Public Hearing Subject : 17.10 Okaloosa County School District Budget, Special Revenue Funds - Food Service, for Fiscal Year 2022-2023, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Sep 8, 2022 - Workshop Meeting Type : Action Recommended Action : Motion to adopt Okaloosa County School District Budget, Special Revenue Funds - Food Service, for Fiscal Year 2022-2023, in the amount of $23,757,182.06. Public Content This Special Revenue Fund is used to account for school food service. The District is estimating a total of $23.8 million for fiscal year 2022-2023 as compared to actual collections of $27.0 million in fiscal year 2021-2022. Fiscal year 2021-2022 revenues were higher due to all meals being free to students and funded by the Federal government. 17. Public Hearing Subject : 17.11 Okaloosa County School District Budget, Special Revenue Funds - Other Federal Programs - Fund 420, for Fiscal Year 2022-2023, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Sep 8, 2022 - Workshop Meeting Type : Action Recommended Action : Motion to adopt Okaloosa County School District Budget, Special Revenue Funds - Other Federal Programs - Fund 420, for Fiscal Year 2022-2023, in the amount of $26,148,187.36. Public Content This Special Revenue Fund is used to account for the Federal funds that the District receives each year unless directed by the Florida Department of Education to utilize a separate fund, such as ESSER. The District is estimating a total of $25.9 million in Federal funds for fiscal year 2022-2023 as compared to actual collections of $17.6 million for fiscal