Okaloosa County School Board — Special Meeting/Public Hearing, July 29, 2024 — reading text

Monday, July 29, 2024 Special Meeting/Public Hearing School District Central Administration Complex Niceville, Florida Training Room 6:15 p.m. *********************************************** NOTICE: This Board Meeting is being live-streamed for the convenience of the public at the video link above or at https://www.okaloosaschools.com/district/sb/meetings/2023 *********************************************** 1. Opening of Meeting Subject : 1.1 Call to Order by the Chairman Meeting : Jul 29, 2024 - Special Meeting/Public Hearing Type : Procedural 2. Approval of Agenda Subject : 2.1 Changes to Agenda and Approval of Agenda Meeting : Jul 29, 2024 - Special Meeting/Public Hearing Type : Action Recommended Action : Motion to approve the Agenda. Motion & Voting Motion to approve the Agenda. Motion by Tim Bryant, second by Marti Gardner. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Lamar White 3. Public Hearing Subject : 3.1 Required Local Effort Millage Rate, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Jul 29, 2024 - Special Meeting/Public Hearing Type : Action Preferred Date : Jul 29, 2024 Absolute Date : Jul 29, 2024 Recommended Action : Motion to approve the Required Local Effort Millage Rate of 3.1310 Mills. Public Content Florida State Law requires school districts to levy the Required Local Effort portion of the millage rate in order to receive State education funding. The Required Local Effort millage is set by the State, and Okaloosa School District’s must levy this amount in order to receive $147.5 million in State education funding for fiscal year 2024-2025. Over the past 30 years, the Required Local Effort has been on a downward projectory, dropping from 6.530 in fiscal year 1995-1996 to 3.131 in fiscal year 2024-2025 with small increases periodically mixed in. Please see the attached document which contains a comparison of millage and gross taxable value of property, an analysis of property taxes generated and the impact on homeowners, and a history of all millage rates approved since fiscal year 1995-1996. Even though the millage rate is decreasing, property taxes are expected to increase due to the increase in property value; therefore, the School District must advertise that it is proposing an increase to property taxes. Florida State Law requires school districts to levy the Required Local Effort portion of the millage rate in order to receive State education funding. The Required Local Effort millage is set by the State, and Okaloosa School District’s must levy this amount in order to receive $147.5 million in State education funding for fiscal year 2024-2025. File Attachments P&T Millage Info FY 2025.pdf (66 KB) Motion & Voting Motion to approve the Required Local Effort Millage Rate of 3.1310 Mills. Motion by Tim Bryant, second by Linda Evanchyk. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Lamar White 3. Public Hearing Subject : 3.2 Basic Discretionary Operating Millage Rate of 0.7480 Mills, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Jul 29, 2024 - Special Meeting/Public Hearing Type : Action Preferred Date : Jul 29, 2024 Absolute Date : Jul 29, 2024 Recommended Action : Motion to approve the Discretionary Operating Millage Rate of 0.7480 Mills. Public Content The Florida Legislature set the maximum discretionary operating millage at 0.748 mills. All school districts levy this millage, and the State includes this millage when calculating the amount of funds a District receives. These funds support general operations. Motion & Voting Motion to approve the Discretionary Operating Millage Rate of 0.7480 Mills. Motion by Marti Gardner, second by Linda Evanchyk. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Lamar White 3. Public Hearing Subject : 3.3 Capital Outlay Millage Rate of 1.5000 Mills, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Jul 29, 2024 - Special Meeting/Public Hearing Type : Action Preferred Date : Jul 29, 2024 Absolute Date : Jul 29, 2024 Recommended Action : Motion to approve the Capital Outlay Millage Rate of 1.5000 Mills. Public Content School Boards may levy up to 1.5000 mills for capital outlay and maintenance. The State only provides about $1.0 million in capital funding to the District. Districts are required to raise all other capital funds through property tax and may supplement with voter approved sales tax. Motion & Voting Motion to approve the Capital Outlay Millage Rate of 1.5000 Mills. Motion by Tim Bryant, second by Linda Evanchyk. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Lamar White 3. Public Hearing Subject : 3.4 Total Millage Levy, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Jul 29, 2024 - Special Meeting/Public Hearing Type : Action Preferred Date : Jul 29, 2024 Absolute Date : Jul 29, 2024 Recommended Action : Motion to approve the tentative Total Millage Levy of 5.3790 Mills. Public Content Over the past 30 years, the Required Local Effort has been on a downward projectory, dropping from 6.530 in fiscal year 1995-1996 to 3.131 in fiscal year 2024-2025 with small increases periodically mixed in. Please see the attached document which contains a comparison of millage and gross taxable value of property, an analysis of property taxes generated and the impact on homeowners, and a history of all millage rates approved since fiscal year 1995-1996. Even though the millage rate is decreasing, property taxes are expected to increase due to the increase in property value; therefore, the School District must advertise that it is proposing an increase to property taxes. The Total Millage Levy is made up of the following: Required Local Effort - Florida State Law requires school districts to levy the Required Local Effort portion of the millage rate in order to receive State education funding. The Required Local Effort millage is set by the State, and Okaloosa School District’s must levy this amount in order to receive $147.5 million in State education funding for fiscal year 2024-2025. Discretionary Operating Millage - The Florida Legislature set the maximum discretionary operating millage at 0.748 mills. All school districts levy this millage, and the State includes this millage when calculating the amount of funds a District receives. These funds support general operations. Capital Outlay Millage - School Boards may levy up to 1.500 mills for capital outlay and maintenance. The State only provides about $1.0 million in capital funding to the District. Districts are required to raise all other capital funds through property tax and may supplement with voter approved sales tax. File Attachments P&T Millage Info FY 2025.pdf (66 KB) Motion & Voting Motion to approve the tentative Total Millage Levy of 5.3790 Mills. Motion by Marti Gardner, second by Linda Evanchyk. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Lamar White 3. Public Hearing Subject : 3.5 Resolution 24-10 Adopting the Tentative Millage Rates for Fiscal Year 2024-2025, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Jul 29, 2024 - Special Meeting/Public Hearing Type : Action Preferred Date : Jul 29, 2024 Absolute Date : Jul 29, 2024 Recommended Action : Motion to adopt Resolution 24-10 Adopting the Tentative Millage Rates for Fiscal Year 2024-2025. File Attachments Resolution 24-10 - Millage Rates - 2024-07-29.pdf (106 KB) Motion & Voting Motion to adopt Resolution 24-10 Adopting the Tentative Millage Rates for Fiscal Year 2024-2025. Motion by Tim Bryant, second by Marti Gardner. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Lamar White 3. Public Hearing Subject : 3.6 Okaloosa County School District Preliminary and Tentative Budget,  General Fund, for Fiscal Year 2024- 2025, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Jul 29, 2024 - Special Meeting/Public Hearing Type : Action Preferred Date : Jul 29, 2024 Absolute Date : Jul 29, 2024 Recommended Action : Motion to approve the Okaloosa County School District Preliminary and Tentative Budget, General Fund,