Fiscal Year 2020-2021 Budget Update April 28, 2020 · 4 FY2020-2021 Conference Budget as compared...

Fiscal Year 2020-2021 Budget UpdateMay 12, 2020

2020-21 Conference Budget

2

Comparison FEFP Funding2019-20 3rd Calc to 2020-21Conference

Volusia Total Per UFTEFEFP Third Calculation $458,756,638 $7,382.89FEFP Conference Calculation $472,555,950 $7,550.11Change $13,799,312 $167.22% Change 3.01% 2.26%

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Statewide Total Per UFTE2019-20 Third Calculation $21.88B $7,655.96FEFP Conference Calculation $22.66B $7,839.58Change $0.78B $183.62% Change 3.56% 2.40%

4

FY2020-2021 Conference Budget as compared to FY2019-2020 3rd calc

Volusia Total Fundingincrease $13,799,312

from $458,756,638 to $472,555,950

Total Unweighted

FTE increase

451.45 FTE from 62,137.81 to 62,589.26

Base Student Allocation

(BSA) increase

$40.00 per FTE

from $4,279.49 to $4,319.49

District Cost Differential

(DCD) increase 0.0011

from 0.9654to 0.9665

Base Funding (WFTE x BSA

x DCD)increase

$5,991,133from

$280,497,201to $286,488,334

Volusia FY2020-2021 Conference Budget as compared to FY2019-2020 3rd calc

5

Cate

gori

cal F

undi

ng: ESE Guaranteed Allocation

increase $81,192from $23,886,038 to $23,967,230

Compression Adjustment 0.748 millsincrease $377,274

from $4,805,117 to $5,182,391

Safe Schools decrease ($8,339)

from $4,066,157 to $4,057,818

Reading Instruction decrease ($9,767)

from $2,651,965 to $2,642,198


Cate

gori

cal F

undi

ng: Supplemental Academic Instruction (SAI)*

increase $114,664from $16,856,868 to $16,971,532

DJJ Supplemental Funding decrease ($1,034)

from $224,278 to $223,244

Student Transportationincrease $124,503

from $10,493,347 to $10,617,850

Instructional Materials*increase $104,903

from $4,979,640 to $5,084,543

* Earmarked Categoricals6


Cate

gori

cal F

undi

ng: Digital Learning

decrease ($176,001)from $291,363 to $115,362

Mental Health*increase +$543,441

from $1,590,952 to $2,134,393

Best & Brightest Teacher & Principal Allocation

eliminated (-$5,902,163)

Funding Compression Allocation decrease ($607,063)

from $3,574,496 to $2,967,433

* Earmarked Categoricals

7


8

Cate

gori

cal F

undi

ng: Turnaround School Supplement

No change$1,026,209

Teacher Salary Enhancement*increase +$10,400,848from $0 to $10,400,848

Proration to the Appropriationincrease $622,600

from ($622,600) to $0

Class-size Reduction*increase $671,374

from $66,150,269 to $66,821,643

* Earmarked Categoricals


Cate

gori

cal F

undi

ng:

Teacher Classroom Supply Assistance decrease ($5,591)

from $1193821 to $1188230

Lotterydecrease ($234)

from $60,806 to $60,572

School RecognitionNo Change$1,552,085

* Earmarked Categoricals9

Volusia Total FTE History and Forecast

61,402.83

61,055.91 60,920.43

61,347.48

62,303.65 62,268.88 62,132.43

62,026.80 61,970.25

62,589.26

60,000

60,500

61,000

61,500

62,000

62,500

63,000

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Estimated

2020-21 Projected

FTE

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2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20E 2020-21P

Percentage Change -0.01% -0.56% -0.22% 0.70% 1.56% -0.06% -0.22% -0.17% -0.09% 1.00%

Volusia FTE History and Projection

PRG Program Description 2016 2017 2018 2019 20203rd Calc

2021Projected

101 K-3 Basic 14,611.90 14,252.03 14,032.34 13,912.30 14,465.98 14,821.19102 4-8 Basic 17,010.37 17,118.54 17,432.99 17,402.94 17,707.32 17,488.41103 9-12 Basic 12,861.64 12,763.63 12,456.63 12,270.80 12,045.30 12,204.83111 K-3 ESE 3,447.18 3,554.88 3,454.08 3.597.81 3,427.96 3,489.23112 4-8 ESE 5,711.57 5,836.21 5,884.59 6,008.35 5,969.76 5,893.27113 9-12 ESE 3,752.76 3,762.65 3,900.90 3,928.86 3,860.38 3,929.37130 ESOL 2,086.64 2,286.19 2,303.51 2,275.23 2,122.22 2,138.53254 ESE Support Level IV 758.96 790.69 798.01 798.97 752.49 758.91255 ESE Support LevelV 68.48 53.91 49.38 39.30 49.99 50.57300 CTE 1,994.15 1,850.15 1,820.00 1,791.97 1,736.41 1,814.95

Grand Total 62,303.65 62,268.88 62,132.43 62,026.53 62,137.81 62,589.26

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Volusia FTE 2019-20 3rd Calc

Unweighted FTE 2020 3rd Calc

Traditional 58,603.71Charter 2,551.07McKay 465.00Family Empowerment 573.50Unallocated* (55.47)

Total Unweighted FTE 62,137.81

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*Includes additional Survey 3 FTE data and Survey 2 FTE recalibration needed to reconcile to DOE.

District Cost Differential (DCD) FY2004-2021

District DCD Total Loss / Gain

Brevard* 0.9877 (50,223,153)Broward** 1.0179 537,655,982Clay** 0.9895 (26,546,328)Collier* 1.0500 119,789,477Duval** 1.0081 75,318,172Escambia* 0.9759 (118,625,698)Flagler* 0.9572 (38,143,594)Hillsborough** 1.0045 129,991,546Lake* 0.9805 (68,046,097)Lee* 1.0203 66,114,617Manatee* 0.9873 (15,067,709)Marion* 0.9489 (131,971,258)

District DCD Total Loss / Gain

Miami-Dade** 1.0142 517,881,047Orange* 1.0076 44,756,119Osceola* 0.9890 (59,007,909)Palm Beach** 1.0413 512,391,884Pasco** 0.9833 (67,141,452)Pinellas** 0.9981 30,642,273Polk** 0.9687 (156,304,906)St. Johns* 1.0079 (21,637,197)St. Lucie* 1.0010 (28,567,530)Sarasota* 1.0068 11,334,892Seminole* 0.9955 (31,883,122)Volusia* 0.9665 (170,717,623)

13* FY21 DCD factor increase ** FY21 DCD factor decrease

YEAR Total Loss ($$)2004 (9,952,908)2005 (9,345,453)2006 (9,672,768)2007 (10,388,551)2008 (11,737,220)2009 (11,315,339)2010 (9,769,507)2011 (9,366,228)2012 (8,066,638)2013 (7,850,340)2014 (7,759,168)2015 (6,988,877)2016 (8,381,467)2017 (8,917,099)2018 (11,011,122)2019 (10,211,885)2020 (10,038,553)

2021* (9,930,015)Total Loss $(170,717,623) 14

*FY20-21 DCD loss per FTE($158.65)

0.9605

0.9649

0.9647

0.9642

0.9605

0.9584 0.9593 0.9610

0.9647

0.96720.9683

0.9739

0.97010.9689

0.9617

0.96430.9654

0.9665

0.9500

0.9550

0.9600

0.9650

0.9700

0.9750

0.9800

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Volusia’s District Cost DifferentialFY2004 - FY2021

Funding Compression Allocation and DCD Hold Harmless

$68M Total Statewide Funding Compression Allocation

Calculation generated $52,119,565 total statewide funds

HB5001 made changes to the Total Funds Compression Allocation language that introduced a calculation to “hold districts harmless” from a 2020-21 DCD factor reduction as compared to 2019-20 DCD factor.

Total Calculated “Hold Harmless” Funding Statewide funds = $45,091,092

DCD “Hold Harmless” index factor set at 11.03 with no explanation

Multiplies index factor by Weighted FTE (UFTE used in Funding Compression)

Districts that received Funding Compression in 2019-20 have reduced 2020-21 allocation and districts that did not receive prior year Funding Compression Allocation received “Hold Harmless” allocation

Big winners = Miami- Dade (+$13.9M) and Palm Beach (+$9.5M) & Pinellas ($6.7M) “hold harmless”

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Funding Compression Allocation and DCD Hold Harmless

00

05

10

15

20

25

Mill

ions

Funding Compression DCD Hold Harmless Pro-rated Funding Compression16

Funding Compression Allocation and DCD “Hold Harmless” Calculation

17

2019-20 VCS Unweighted FTE 62,137.81

2019-20 Statewide Average - Total Funding per FTE $7,655.96

2019-20 Volusia - Total Funding per FTE $7,449.13

Amount Below Statewide Average $206.03

25% of funding difference capped at $100 per FTE $68.27

Funding Compression Allocation $4,242,148

Proration to Total Statewide Allocation of $68M - Funding Loss (1,274,715)

Prorated Funding Compression Allocation* $2,967,422

*Pro-rated Funding per UFTE = $47.76

Funding Comparison 2019-20 3rd Calculation and 2020-21 Conference Report

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FEFP COMPONENTS 2019-20

3RD CALCULATION 2020-21

CONFERENCE DIFFERENCE Unweighted FTE 62,137.81 62,589.26 451.45 Weighted FTE 67,893.66 68,623.46 729.80

Base Student Allocation $4,279.49 $4,319.49 $40.00

District Cost Differential 0.9654 0.9665 0.0011 School Taxable Value $41,188,256,745 $43,245,926,080 $2,057,669,335Required Local Effort Millage 3.819 3.662 (0.157)Discretionary Millage 0.748 0.748 0.00 Total Millage 4.567 4.410 (0.157)




CONFERENCE DIFFERENCE

Base Funding (WFTE x BSA x DCD) $280,497,201 $286,488,334 $5,991,133

ESE Guaranteed Allocation 23,886,038 23,967,230 81,192

Compression Adjustment - 0.748 mills

4,805,117 5,182,391 377,274

Safe Schools 4,066,157 4,057,818 (8,339)

Reading Instruction 2,651,965 2,642,198 (9,767)

Supplemental Academic Instruction 16,856,868 16,971,532 114,664

DJJ Supplemental Funding 224,278 223,244 (1,034)

Student Transportation 10,493,347 10,617,850 124,503

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CONFERENCE DIFFERENCE Instructional Materials $ 4,979,640 $ 5,084,543 $ 104,903

Digital Learning 291,363 115,362 (176,001)Teacher Classroom Supply Assistance 1,193,821 1,188,230 (5,591)

Mental Health Assistance Allocation 1,590,952 2,134,393 543,441

Best and Brightest Teacher and Principal Allocation

5,902,163 $0 (5,902,163)

Funding Compression Allocation 3,574,496 2,967,433 (607,063)

Turnaround School Supplement 1,026,209 1,026,209 0

Teacher Salary Enhancement Allocation 0 10,400,848 10,400,848

Proration to the Appropriation (622,600) 0 622,600

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CONFERENCE DIFFERENCE Total FEFP $ 361,417,015 $ 373,067,615 $ 11,650,600

Required Local Effort Taxes (151,006,034) (152,031,918) (1,025,884)

Total State FEFP 210,410,981 221,035,697 10,624,716

Categoricals

Class-size Reduction 66,150,269 66,821,643 671,374

Total Categorical Funding 66,150,269 66,821,643 671,374

Lottery 60,806 60,572 (234)

School Recognition 1,552,085 1,552,085 -

Total State Funding $ 278,174,141 $ 289,469,997 $ 11,295,856

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2019-20 3RD CALCULATION

2020-21 CONFERENCE DIFFERENCE

Total State Funding $278,174,141 $289,469,997 $11,295,856 Total Required Local Effort 151,006,034 152,031,918 1,025,884

Discretionary Local Effort 29,576,463 31,054,035 1,477,572

Total Local Funding 180,582,497 183,085,953 2,503,456

Total Funding $458,756,638 $472,555,950 $13,799,312

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Budgeted Total Funding Per

Student

2019-20 3RD CALCULATION

2020-21 CONFERENCE DIFFERENCE

7,382.89 7,550.11 167.22


2020-2021 Revenue and Expenditure ReconciliationIn Millions

Assigned Fund Balance 2019-20 Adopted Budget ($8.13)

Revenue Increase (Decrease):

2020-21 Adopted to Conference Budget 11.92

Earmarked Categoricals* (11.58)

Medicaid (1.80)

Prior Period Adjustment Millage (0.55)

2020-21 Revenue Increase (Decrease) (2.01)

DISTRICT Increased Costs (Savings):

Health Insurance Increase 0.69

Retirement Rate Increase 4.70

Raises – 2% (other than those in Teacher Salary Allocation) 1.72

Life Insurance Savings (0.49)

DISTRICT Increased Cost (Savings) 6.6223

*SAI, Instructional Materials, Class Size, Teacher Salary, Mental Health


SCHOOL Increased Costs (Savings):

School Staffing Added After 2019-20 Budget Adoption (0.97)

School Non-Salary increase for 20-21 (0.02)

School Staffing Positions added in 20-21 budget* (2.92)

SCHOOL Increased Costs (Savings) (3.91)

PROJECTS Increased Costs (Savings):

Teacher Retirement Savings (projected) (1.70)

PROJECTS Increased Costs (Savings) (1.70)

24*Includes ASD and iAble programs


DEPARTMENTS Increased Costs (Savings):

Department Staffing Added After 2019-20 Budget Adoption

Department Position Savings from Reorg 2020-21

Department Non-Salary Requests 2020-21

Department Non-Salary Requests Projects 2020-21

DEPARTMENTS Increased Costs (Savings) 0.00

OTHER Increased Costs (Savings):

Charter Schools

Increase in Family Empowerment Scholarships 4.53

Telephones 0.14

Utilities 0.42

DEPARTMENTS Increased Costs (Savings) 5.09

Amount Needed to Balance Budget (16.24) 25

2020-21 Florida Retirement System Projection

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Membership Class

FY19-20 Rate

FY20-21 Rate

FRS CostFY20 FRS Cost FY21 Increase

Regular* 8.47% 10.00% $22,972,362 $27,122,033 $4,149,671

Senior Mgmt 25.41% 27.29% 273,607 293,851 20,244

DROP 14.58% 16.98% 3,272,205 3,810,840 538,635

Elected Officials 48.82% 49.18% 96,686 97,399 713

Total Cost $26,614,860 $31,324,123 $4,709,263

*Regular class rate increase of 1.53%; rate paid for majority of VCS employees.

Fund Balance Projection 6/30/2020

Fund Balance6/30/2019

Actual (millions)

6/30/2020 Projected **

(millions)

6/30/2020 Projected with Assigned FY21

Budget (millions)

Assigned-State & Local $15.8 $15.8 $15.8

Assigned-FY21 Budget 8.1 0.0 16.2

Unassigned 26.2 34.3 18.1

Total Assigned/Unassigned $50.1 $50.1 $50.1

Financial Condition Ratio * 10.65% 10.65% 10.65%

% Unassigned to Revenue 5.56% 7.28% 3.84% ***

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*Assigned + Unassigned balance / Revenue

**For discussion purposes only-assumes no change in fund balance except $8.1M Assigned not used for 2019-20 budget

***Board policy requires minimum 3% Unassigned, with a goal of 5%

2020-21 Budget TimelineDate Timeline

1/14/2020 Beginning of State Legislative Session2/14/2020 Planning/Prep Meeting for Staffing Allocations2/28/2020 Distribute Non-salary/Discretionary Allocations to Principals3/13/2020 End of State Legislative Session3/16/2020 FEFP Conference Report Released4/15/2020 Complete Allocation Meetings w/ Principals5/12/2020 Board Presentation - Budget Planning

Complete Individual Meetings with Board Members6/TBD/2020 Special Board Meeting(s) - General and Capital Funds

7/1/2020 Property Appraiser Certifies the Tax Roll7/13/2020 DOE Certifies RLE Tax Rate and Releases Second FEFP Calculation7/28/2020 Public Hearing and Adoption of Tentative Budget7/31/2020 Certify Tentative Millage Rate - Notify Property Appraiser8/24/20 Deadline for Property Appraiser to Mail out Proposed Tax Notices9/8/2020 Public Hearing and Adoption of Final Budget9/11/2020 District Summary Budget Online and Supporting Documents to DOE

9/25/2020 Certify Final Millage Rate - Notify Property Appraiser, Tax Collector and Department of Revenue10/1/2020 Certify Final Millage Rate - Notify Property Appraiser, Tax Collector and Department of Revenue 28

Fiscal Year 2020-2021 Budget Update April 28, 2020 · 4 FY2020-2021 Conference Budget as compared...

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