Okaloosa County School Board — Regular Meeting, September 12, 2022 — reading text

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 Motion & Voting Motion to adopt Okaloosa County School District Budget, General Fund, for Fiscal Year 2022-2023, in the amount of $373,561,498.83. Motion by Diane Kelley, second by Marti Gardner. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Diane Kelley, Lamar White 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 12, 2022 - Regular 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. Motion & Voting 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. Motion by Diane Kelley, second by Linda Evanchyk. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Diane Kelley, Lamar White 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 12, 2022 - Regular 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 year 2021-2022. The increase of $8.3 million includes $5.3 million for IDEA (including estimated roll forward of $1.7 million) and $3.0 million for Title I (including estimated roll forward of $1.3 million). Motion & Voting 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 $225,514,290,37. Motion by Diane Kelley, second by Marti Gardner. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Diane Kelley, Lamar White 17. Public Hearing Subject : 17.12 Okaloosa County School District Budget, Special Revenue Funds - CARES - Elementary and Secondary School Emergency Relief (ESSER) - Fund 441, for Fiscal Year 2022-2023, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Sep 12, 2022 - Regular Meeting Type : Action Recommended Action : Motion to adopt Okaloosa County School District Budget, Special Revenue Funds - CARES - Elementary and Secondary School  Emergency Relief (ESSER) - Fund 441, for Fiscal Year 2022-2023, in the amount of $7,331.90. Public Content This Special Revenue Fund is used to account for the Federal funds that the District received for Elementary and Secondary Emergency Relief (ESSER) allocated through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Motion & Voting Motion to adopt Okaloosa County School District Budget, Special Revenue Funds - CARES - Elementary and Secondary School Emergency Relief (ESSER) - Fund 441, for Fiscal Year 2022-2023, in the amount of $7,331.90. Motion by Marti Gardner, second by Linda Evanchyk. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Diane Kelley, Lamar White 17. Public Hearing Subject : 17.13 Okaloosa County School District Budget, Special Revenue Funds - Other CARES Act Relief (Including GEER) - Fund 442, for Fiscal Year 2022-2023, presented by Julie Perry, Chief Financial Officer, and recommended by the Superintendent for approval. Meeting : Sep 12, 2022 - Regular Meeting Type : Action Recommended Action : Motion to adopt Okaloosa County School District Budget, Special Revenue Funds - Other CARES Act Relief (Including GEER) - Fund 442, for Fiscal Year 2022-2023, in the amount of $637,211.91. Public Content This Special Revenue Fund is used to account for the Federal funds that the District received from the CARES Act other than Elementary and Secondary Emergency Relief (ESSER). Motion & Voting Motion to adopt Okaloosa County School District Budget, Special Revenue Funds - Other CARES Act Relief (Including GEER) - Fund 442, for Fiscal Year 2022-2023, in the amount of $637,211.91. Motion by Linda Evanchyk, second by Diane Kelley. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Diane Kelley, Lamar White 17. Public Hearing Subject : 17.14 Okaloosa County School District Budget, Special Revenue Funds - CRRSA - Elementary and Secondary School Emergency Relief II (ESSER II) - Fund 443, for Fiscal