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

Action Recommended Action : Motion to adopt Okaloosa County School District Budget, Debt Service Funds, for Fiscal Year 2022-2023, in the amount of $21,531,858.91. Public Content The District made its final payment on Certificates of Participation (COPs) 2016 Refunding in fiscal year 2021-2022 using Local Capital Improvement Funds (1.50 mill monies). In January 2021, the District began collecting a voter-approved half-cent sales tax to be used for certain projects at each school. In order to accelerate construction of the larger projects, the District sold COPs 2022A. An interest only payment was made in fiscal year 2021-2022, and a principal and interest payment will be made in fiscal year 2022-2023. The payment in fiscal year 2022-2023 will be made by using a combination of Local Capital Outlay (1.500 mill monies) and Half-Cent Sales Tax funding. The percentage of Local Capital Outlay utilized is 4%. State law allows school districts to use up to 75% for this purpose if necessary. No debt service millage assessment has been needed or requested from the taxpayers of Okaloosa County. Current debt obligations are manageable with current funding sources. 17. Public Hearing Subject : 17.20 Okaloosa County School District Budget, Capital Project Funds, 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, Capital Project Funds, for Fiscal Year 2022- 2023, in the amount of $225,514,290.37. Public Content Local Capital Improvement (1.500 mill monies) proceeds are expected to increase from actual collections of $32.6 million in 2021-2022 to $38.8 million in 2022-2023 due to increased property values. The District collected $30.8 million in half-cent sales tax revenue in fiscal year 2022-2023 and is projected to receive $27.0 million for fiscal year 2022-2023. The projection for fiscal year 2022-2023 is lower than fiscal year 2021-2022 collections due to the possibility of lower spending due to inflation. Public Education Capital Outlay (PECO) new construction and maintenance funds remain at $0 in fiscal year 2022-2023. The large beginning fund balance of $158.5 million is primarily due to the Certificates of Participation (COPs) 2022A sold in fiscal year 2021-2022. The carryover amount for COP 2022A is $122.0 million. 17. Public Hearing Subject : 17.21 Okaloosa County School District Budget 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 for Fiscal Year 2022-2023 in the amount of $723,759,600.46. Public Content When presenting the budget at the July 25, 2022, School Board meeting, the District was required to compare the fiscal year 2022-2023 Preliminary & Tentative Budget to the fiscal year 2021-2022 Preliminary & Tentative Budget. That comparison indicated an increase of $121.5 million, not including the $122.0 million from the sale of Certificates of Participation (COPs) 2022A. The proceeds of COPs 2022A are being used to construct large half-cent sales tax projects at schools. When the District Summary Budget is presented to the Board, the District is required to compare fiscal year 2022-2023 budget to fiscal year 2021-2022 actual results. Since the actual results for fiscal year 2021-2022 were higher than the Preliminary & Tentative Budget, the reader will see a smaller increase from year to year. This increase is summarized below in millions. Increases are explained in the attached District Summary Budget. Fiscal Year 2021- Fiscal Year 2022- Increase/ 2022 2023 Fund (Decrease) Actual Results Estimated General Fund $344.9 $373.6 $28.7 Debt Service Funds 5.3 21.5 16.2 Capital Project Funds 216.7 225.5 8.8 Special Revenue Funds - Other Federal Programs (Fund 420) 17.6 26.1 8.5 Special Revenue Funds - ESSER (Fund 441) 0.3 0.0 (0.3) Special Revenue Funds - Other CARES (Fund 442) 1.4 0.6 (0.8) Special Revenue Funds - ESSER II (Fund 443) 15.8 3.6 (12.2) Special Revenue Funds - Other CRRSA (Fund 444) 0.1 0.00 (0.1) Special Revenue Funds - ESSER III (Fund 445) 21.5 31.1 9.6 Special Revenue Funds - Other ARP (Fund 446) 0.1 2.0 1.9 Special Revenue Funds - Misc. (Internal Funds) (Fund 490) 17.5 16.0 (1.5) Food Service Fund 27.0 23.8 (3.2) All Funds $668.2 $723.8 $55.5 File Attachments !DSB FY 2023 Board Agenda 2022-09-12 Revised.pdf (2,750 KB) 17. Public Hearing Subject : 17.22 Resolution 22-12 Adopting the Okaloosa County School District Budget 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 22-12 Adopting the Okaloosa County School District Budget for Fiscal Year 2022- 2023 in the amount of $723,759,600.46. File Attachments Resolution 22-12 Adopt Final Budget FY 2023.pdf (104 KB) 18. Adjournment Subject : 18.1 Adjournment of the meeting by the Chairman Meeting : Sep 8, 2022 - Workshop Meeting Type : 19. Public Notices Subject : 19.1 Notice of Attorney-Client Session Meeting : Sep 8, 2022 - Workshop Meeting Type : Public Content The Okaloosa County School Board will have a Special Board Meeting for the purpose of conducting a closed attorney-client session to discuss a litigation matter pending in the Circuit Court in and for Okaloosa County, Florida, Case No. 2019-CA-003198 C. The Special Meeting will be held on Thursday, September 8, 2022, at 8:30 a.m. The open portions of the meeting will be conducted at the School District Central Administration Complex, Training Room, Niceville, Florida. The attorney-client portions of the meeting will be closed to the press and public pursuant to Florida law. File Attachments 9-8-2022 Special Mtg - Attorney-Client.pdf (281 KB) 19. Public Notices Subject : 19.2 Notice of Workshop Meeting : Sep 8, 2022 - Workshop Meeting Type : Information Public Content NOTICE OF WORKSHOP A Workshop on this Agenda will be held in the Training Room at the School District Central Administration Complex, Niceville, on September 8, 2022, beginning at 9:00 a.m. This meeting will be open to the press and public. 19. Public Notices Subject : 19.3 Notice of Public Hearing - 6:15 p.m. Meeting : Sep 8, 2022 - Workshop Meeting Type : Information Public Content NOTICE OF PUBLIC HEARING Notice is hereby given that the School Board of Okaloosa County will conduct a Public Hearing on September 12, 2022, beginning at 6:15 p.m. or as soon thereafter as may be heard, in the Training Room at the School District Central Administration Complex, Niceville. The purpose of the Hearing is to receive public input and consider approval of the following: Okaloosa County School District Millage Rate and Budget for Fiscal Year 2022-2023 Revised Policy 04-48 Controlled Open Enrollment Instructional Materials Adoption for Secondary Science and Career and Technical Education Reproductive Health and Disease Education Any interested party who decides to appeal any decision made by the Okaloosa County School Board with respect to any matter considered during this meeting, will need a record of proceedings and, for such purpose, may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. This notice does not constitute consent by the School Board for the introduction or admission of otherwise inadmissible or irrelevent evidence, nor does it authorize challenges or appeals not otherwise allowed by law. Any person requiring special accommodation at this meeting because of a disability or physical impairment should contact the Superintendent at (850) 689-7185 prior to this meeting. 19.