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

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 - CRRSA - Elementary and Secondary School Emergency Relief II (ESSER II) - Fund 443, for Fiscal Year 2022-2023, in the amount of $3,552,865.14. Public Content This Special Revenue Fund is used to account for the Federal funds that the District received for Elementary and Secondary Emergency Relief II (ESSER II) allocated through the Coronavirus Response and Relief Supplement Appropriations (CRRSA) Act. Motion & Voting Motion to adopt Okaloosa County School District Budget, Special Revenue Funds - CRRSA - Elementary and Secondary School Emergency Relief II (ESSER II) - Fund 443, for Fiscal Year 2022-2023, in the amount of $3,552,865.14. 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 : 17.15 Okaloosa County School District Budget, Special Revenue Funds - Other CRRSA Act Relief (Including GEER II) - Fund 444, 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 CRRSA Act Relief (Including GEER II) - Fund 444, for Fiscal Year 2022-2023, in the amount of $10,094.47. Public Content This Special Revenue Fund is used to account for the Federal funds that the District received from the CRRSA Act other than Elementary and Secondary Emergency Relief II (ESSER II). Motion & Voting Motion to adopt Okaloosa County School District Budget, Special Revenue Funds - Other CRRSA Act Relief (Including GEER II) - Fund 444, for Fiscal Year 2022-2023, in the amount of $10,094.47. 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 : 17.16 Okaloosa County School District Budget, Special Revenue Funds - ARP - Elementary and Secondary School Emergency Relief III (ESSER III) - Fund 445, 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 - ARP - Elementary and Secondary School Emergency Relief III (ESSER III) - Fund 445, for Fiscal Year 2022-2023, in the amount of $31,081,562.92. Public Content This Special Revenue Fund is used to account for the Federal funds that the District received for Elementary and Secondary Emergency Relief III (ESSER III) allocated through the American Rescue Plan (ARP) Act. Motion & Voting Motion to adopt Okaloosa County School District Budget, Special Revenue Funds - ARP - Elementary and Secondary School Emergency Relief III (ESSER III) - Fund 445, for Fiscal Year 2022-2023, in the amount of $31,081,562.92. Motion by Diane Kelley, second by Lamar White. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Diane Kelley, Lamar White 17. Public Hearing Subject : 17.17 Okaloosa County School District Budget, Special Revenue Funds - Other ARP Act Relief - Fund 446, 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 ARP Act Relief - Fund 446, for Fiscal Year 2022-2023, in the amount of $1,964,333.28. Public Content This Special Revenue Fund is used to account for the Federal funds that the District received from the ARP Act other than Elementary and Secondary Emergency Relief III (ESSER III). Motion & Voting Motion to adopt Okaloosa County School District Budget, Special Revenue Funds - Other ARP Act Relief - Fund 446, for Fiscal Year 2022-2023, in the amount of $1,964,333.28. Motion by Lamar White, second by Diane Kelley. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Diane Kelley, Lamar White 17. Public Hearing Subject : 17.18 Okaloosa County School District Budget, Special Revenue Funds - Miscellaneous (Internal Funds) - Fund 490, 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 - Miscellaneous (Internal Funds) - Fund 490, for Fiscal Year 2022-2023, in the amount of $15,993,183.31. Public Content This Special Revenue Fund is used to account for School Internal Funds beginning in fiscal year 2022-2023. This change is to comply with Governmental Accounting Standards Board Statement Number 84 (GASB 84). Estimated revenue for fiscal year 2022-2023 is $10.0 million. Examples of School Internal Funds revenue sources include field trips, fundraisers, ticket sales, and donations. Motion & Voting Motion to adopt Okaloosa County School District Budget, Special Revenue Funds - Miscellaneous (Internal Funds) - Fund 490, for Fiscal Year 2022-2023, in the amount of $15,993,183.31. 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 : 17.19 Okaloosa County School District Budget, Debt Service Funds, 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, 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. Motion & Voting Motion to adopt Okaloosa County School District Budget, Debt Service Funds, for Fiscal Year 2022-2023, in the amount of $21,531,858.91. Motion by Diane Kelley, second by Lamar White. Final Resolution: Motion Carries Yes: Tim Bryant, Linda Evanchyk, Marti Gardner, Diane Kelley, Lamar White 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,