THE SCHOOL DISTRICT OF PALM BEACH COUNTY, … SCHOOL DISTRICT OF

THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FLORIDA

EXECUTIVE SUMMARY OF THE 2015-2016 BUDGET (ALL FUNDS)

SUBMITTED FOR TENTATIVE ADOPTION Robert M. Avossa, Ed.D., Superintendent July 29, 2015

THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FLORIDA

EXECUTIVE SUMMARY OF THE 2015-2016 BUDGET (ALL FUNDS)

BOARD MEMBERS

Chuck Shaw, Chairman Frank A. Barbieri, Jr., Esq., Vice Chairman Marcia Andrews Karen M. Brill Mike Murgio Debra L. Robinson, M.D. Erica Whitfield ISSUED BY

Robert M. Avossa, Ed.D., Superintendent Keith Oswald, Chief Academic Officer Michael J. Burke, Chief Operating Officer

PREPARED BY

Heather Knust, CPA, Budget Director

SUBMITTED FOR TENTATIVE ADOPTION

JULY 29, 2015

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T A B L E O F C O N T E N T S

Transmittal Letter ........................................................................................... 1 GFOA Award ................................................................................................... 7 Strategic Plan ................................................................................................. 8 2015-2016 Millage and Property Taxes

Comparison of Millage Rates................................................................. 11

Comparison of Millage to the Rolled Back Rate .................................... 12

Comparison of Palm Beach County Gross Taxable Value .................... 13

Comparison of Homeowner Property Taxes .......................................... 14

Millage Rates & Homeowner Property Taxes - 5 Year History .............. 15

Comparison of Budget - All Funds ......................................................... 16 Board Agenda Items and Summary Budget

Millage and Tentative Budget ................................................................ 17

District Summary Budget ....................................................................... 19

Certification of School Taxable Value .................................................... 42 TRIM (Truth in Millage) Advertisements

Budget Adoption Calendar .................................................................... 44 Notice of Proposed Tax Increase .......................................................... 46

Notice of Tax for School Capital Outlay ................................................. 47

Budget Summary ................................................................................... 48

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T A B L E O F C O N T E N T S General Fund

Revenue and Appropriations ................................................................. 49

Florida Education Finance Program Detail ............................................ 50

All Revenue – Fiscal Years 2012 to 2016 .............................................. 51

General Fund Budget – Fiscal Years 2013 to 2016…………… ............. 52 General Fund Appropriations and FTE .................................................. 54 District K-12 School Appropriations by Function and Program……. ...... 56 Comparison of FY2015 to FY2016 ........................................................ 58 Definition of Functions and Explanation of Variances ............................ 60

Capital Projects Funds

Revenue and Appropriations ................................................................. 64 Special Revenue Funds

Special Revenue - Food Service ........................................................... 65

Special Revenue - Other ....................................................................... 66

Debt Service Funds ........................................................................................ 67 Internal Service Funds ................................................................................... 68

The School District of Palm Beach County

A Top‐Rated District by the Florida Department of Education Since 2005 An Equal Education Opportunity Provider and Employer

July 29, 2015 Chairman Chuck Shaw And Members of the School Board of Palm Beach County 3300 Forest Hill Boulevard, Suite C‐316 West Palm Beach, Florida 33406‐5869 Chairman Shaw and Members of the Board: Submitted for your consideration and adoption are the 2015‐16 tentative budget for the School District of Palm Beach County and millage for tax year 2015. FY16 Budget Summary

The proposed FY16 budget is balanced. The FY16 tentative budget for all funds totals $2,311,277,255, comprised of the following:

General Fund $1,712,748,486 Special Revenue ‐ Food Service 111,447,800 Special Revenue ‐ Other 107,865,475 Debt Service 272,848,759

Capital Projects 358,888,565

Sub‐Total $2,563,799,085

Less Transfers: (252,521,830)

Total Funds $2,311,277,255

Balancing the Budget

The School District’s revenues are determined in large part by the Florida Legislature and Governor. Funding per student is set as part of the State’s annual budget approval. Local school board taxing authority is also governed at the state level with the Legislature dictating the largest component of school property taxes, known as the Required Local Effort (RLE), and through statutory caps that limit the remaining components of the school levy. The FY16 state budget provided Florida school districts with a 3% increase in funding per student for operating costs.

Although revenues are increasing for FY16, budget reductions were needed to offset the loss of $20 million in non‐recurring revenues utilized in FY15 and provide funding for School Board budget priorities. School and department allocations were adjusted to achieve $16.8 million in savings for FY16. The tentative budget is

THE SCHOOL DISTRICT OF ROBERT M. AVOSSA, Ed.D. CHUCK SHAW PALM BEACH COUNTY, FL SUPERINTENDENT CHAIRMAN OFFICE OF THE SUPERINTENDENT FRANK A. BARBIERI, JR., ESQ. 3300 FOREST HILL BOULEVARD, C‐316 VICE‐CHAIRMAN WEST PALM BEACH, FL 33406‐5869 MARCIA ANDREWS PHONE: 561‐434‐8203 / FAX: 561‐434‐8571 KAREN M. BRILL WWW.PALMBEACHSCHOOLS.ORG/SUPERINTENDENT ERICA WHITFIELD

MIKE MURGIO DEBRA ROBINSON, M.D.

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School District of Palm Beach County


responsive to the Board’s budget priorities and includes a $27.2 million reserve for employee salary negotiations. While contracts must be bargained to determine salary increases, this reserve is sufficient to fund a 3% salary increase for the entire workforce.

The capital budget remains a concern as Florida school districts continue to be seriously impacted by the Legislature’s 25% reduction to local capital improvement taxing authority. Our District has lost over $865 million in capital revenue since the Legislature first approved a reduction to local taxing authority in 2009. In order to balance the tentative FY16 budget, $82.7 million in forecasted needs were left unfunded. General Fund Budget

Revenue

FY16 General Fund revenue increased $52.0 million to $1,712,748,486. The majority of the increase is a result of the increase in per student funding through the Florida Education Finance Program (FEFP) approved by the Legislature and Governor. At the state level, FEFP funding for K‐12 education increased $802.4 million, compared to FY15. District total funding increased $71.6 million (including the .25 mill property tax levy), from $1,351,133,820 to $1,422,750,992. Local property tax revenues are contributing an additional $75.3 million while the state’s contribution to Palm Beach County schools is declining $3.7 million, with the state continuing to take advantage of increasing property values to fund education. Even though funding is increasing, District funds per unweighted full‐time equivalent (FTE) of $7,410 is still $216 less than at the start of FY08.

Much of the FEFP revenue is earmarked for specific purposes. Each year, lottery proceeds are allocated to school districts for school recognition and school improvement. School recognition funding remains at $100 per student for FY16 and totals $10.6 million. The District's lottery allocation is $698,197; districts are required to allocate up to $5 per student, to be used at the discretion of each school advisory council. Class‐size reduction funds are increasing $3.7 million and are to be used to meet mandated class‐size requirements. The digital classroom allocation is increasing $1.4 million and requires districts to develop a plan to integrate technology into the schools. The remaining categorical funds are relatively consistent with prior year.

In addition to FEFP revenue of $1.4 billion, other sources include federal revenue of $5.4 million from Medicaid, $20.7 million of state funds for adult workforce development and voluntary pre‐kindergarten programs, $30.0 million of fee revenue from the after school program, $98.2 million transferred in from capital for maintenance operations, and a beginning fund balance of $116.3 million. There is also a reduction in one‐time non‐recurring funds received in FY15 of approximately $20.0 million.

District‐wide enrollment is projected to increase 2,976 students to 186,423 full‐time equivalents (FTE). Charter schools are expected to absorb a majority of the increase and grow to 22,000 students, or nearly 12% of the District’s total enrollment. As a result, the FEFP revenue passed‐through to charter schools for FY16 is expected to reach $158.8 million, an increase of $24.0 million.

Appropriations

The total proposed general fund budget for FY16 is $1,712,748,486, an increase of $52.0 million. Appropriations include a $27.2 million salary reserve to provide competitive compensation for all employees in FY16. District K‐12 appropriations provide $1.1 billion directly to school operations, including instruction, instructional support, instructional materials, and office and custodial staff. Support department budgets total $240.2 million (including capital maintenance transfer), of which 75% is appropriated for transportation ($49.0 million), operation and

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maintenance of plant ($113.50 million), school security, ($11.7 million) and administrative technology ($5.6 million).

District K‐12 appropriations also provide for $155.2 million in reserves and District‐wide items, including $50.0 million in the contingency fund, $45.5 million for utilities and telephone, $30.0 million in school based allocations not yet distributed, $15.7 million in terminal leave, and other set‐asides. Higher than expected state‐wide property tax values increased the state average of the .748 mill levy, necessitating a prorated reduction in revenue of $391,991. There will likely be an additional negative adjustment to revenue if actual enrollment statewide is higher than projected, as has occurred the past four years. The prorated hold back to the District over the past four years has been, on average, $3.8 million per year, including the impact of the increase in property tax values. In anticipation of an additional negative revenue adjustment, the FY16 budget includes a reserve of $2.6 million. The negative adjustment is expected to be less than the average since the state has made an effort to more accurately estimate FY16 enrollment.

Fund Balance and Contingency Fund

Fund balance is classified in five categories: nonspendable, restricted, committed, assigned and unassigned. Nonspendable is comprised of inventory items such as fuel, which is consistent from year to year. Restricted balances are resources constrained by external parties, constitutional provisions or enabling legislation, and include carryover balances restricted by Florida Statute, Florida School Board Rules, Federal laws, local ordinances or contract provisions. Workforce or Adult Education is an example of a program restricted by Florida Statute. Assigned funds are constrained by the School Board or Superintendent, to be used for a specific purpose. Unassigned is the residual classification for the general fund and is equal to the contingency fund. Board policy 2.55 requires 3% of total general fund appropriations, including charter schools and non‐K‐12 operations, less the contingency fund, be set aside for contingencies for unforeseen expenditures. Board policy requires a supermajority vote of the Board to expend contingency funds. All fund balance classifications are appropriated each year, with the exception of the unassigned contingency fund.

FY15 year‐end fund balance is projected to be $116.3 million and is included as beginning fund balance for FY16. This represents an increase of $4.5 million from FY15 beginning fund balance. The increase is due to the receipt of one‐time funds related to the lease of the district spectrum. Of the total $4.5 million received, $1.8 million was used to increase contingency to $50.0 million to be in compliance with Board Policy 2.55, $2.0 million is being held in reserve for future use, and $0.7 million is allocated to fund budget priorities. The Adult Education/Workforce Program plans to utilize approximately $12.2 million of their restricted fund balance over the next two to three years for the replacement of the existing Adult Education facility. The one‐time funds related to the lease of the district spectrum totaling $2.7 million, currently designated as assigned, are also expected to be utilized in FY16 for non‐recurring projects. As a result, FY16 ending fund balance is expected to decline by $5.0 to $10.0 million and is projected to be between $106.3 and $111.3 million.

Capital Budget

The total proposed capital budget for FY16 is $358,888,565. This represents a decrease of $25.2 million as the District’s carryover balances continue to decline. Since the capital millage rates allowed by statute were lowered from 2.0 mills to 1.75 mills in FY09, and then to 1.50 mills in FY10, the District has utilized carryover balances to bridge the revenue gap and maintain facilities and non‐construction project operations. Capital millage proceeds have dropped from $323.4 million in FY08 to a projected $237.9 million for FY16. The difference between 2.0 and 1.5 mills for the FY16 capital budget represents $79.3 million of lost revenue in FY16. With carryover balances

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dwindling and debt service payments being fixed, funds available for maintenance, technology, bus replacement, and other non‐construction projects are being squeezed, forcing the District to reduce those expenditures.

Declining taxable property values during the recent recession have exacerbated the reduction in capital project revenues. Taxable property values increased by 10.0% for FY16, bringing the taxable value to $165.2 billion, still less than pre‐recession value. Taxable values are projected to increase by more than 3% next year, to be restored to the pre‐recession high of $170.2 billion; however, it will still not be enough to replace the revenue lost from the millage reductions of 2009 and 2010.

Debt service payments are funded through a $154.3 million transfer from capital to the debt service fund. At the time the debt was incurred, capital millage rates had been at 2.0 mills for decades. When the Legislature lowered the allowable capital millage rate, a greater percentage of the millage proceeds then had to be allocated to fund debt payments, as principal and interest payments are largely fixed until debt issues are paid off. At the time the debt was incurred, the District was experiencing tremendous student growth and new schools were needed to reduce crowding as well as additional classrooms to comply with class size requirements. At the same time, older schools needed replacement and updating to provide equitable facilities to all students. The District’s building program was needed to provide adequate facilities for students, and the debt incurred was utilized to fund the building program.

Debt Service

The debt service fund for FY16 totals $272,848,759. Revenue components include the $154.3 million transfer from capital, $110.7 million beginning fund balance, $4.6 million state funds allocated for capital outlay and debt service, and $3.3 million federal stimulus funding. Beginning fund balance represents funding set aside during the previous year to fund the first principal and interest debt payments due in August each year. Appropriations consist of $157.0 million for payment of principal, interest and associated fees, and $115.9 million set aside for August 2016 debt payments.

Special Revenue

The Special Revenue budgets total $219,313,275 at the time of tentative adoption. Many grants are awarded after the start of the fiscal year, and as a result, special revenue is expected to continue to grow throughout the year. Special revenue includes two major entitlement grants: Title I ($55.4 million) and IDEA ($39.0 million). The school food service budget, funded from a combination of federal, state and local revenues, totals $111.4 million for FY16.

Internal Service Funds

Internal Service Fund budgets total $239,601,569 for FY16. The District has two internal service funds: a health self‐insurance fund and a self‐insurance fund for costs related to workers compensation, general and auto liability. Charges to operating funds are recorded as revenue in internal service funds and the proceeds are used to fund claims. To avoid double counting transactions, internal service fund information is provided but not included in the tabulation of the total District budget.

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Labor Negotiations

Effective July 1, 2015, the District’s labor contract with the Classroom Teachers Association (CTA) is open for re‐negotiation of the entire contract. The contract year for SEIU‐FPSU, AESOP and PBA begins January 1, 2016 and negotiations are expected to begin prior to January 1, 2016.

Millage Rates and Property Values

Total millage assessed by the District is decreasing from 7.594 mills for FY15 to 7.512 mills for FY16. Of the 7.512 mills, 5.014 mills is required local effort set by the State, in order to participate in the Florida Education Finance Program and receive $469.3 million of state funding for K‐12 operations. The millage portion controlled by the School Board remains the same at 2.498 mills, and includes the maximum 1.5 capital mills and .748 discretionary mills, as well as the .25 mills approved by voters in November 2014. The proposed 7.512 mills is 7.7% greater than the rolled back rate, which is the rate that would generate the same dollar amount of revenue as FY15.

Property values continue to improve from the FY12 low of $132 billion, growing by 10.0% in Palm Beach County to $165.2 billion for FY16. Total FY16 projected millage revenue for both operating and capital use is $1,191,282,414.

Budget Outlook

Looking forward, the District is in need of additional revenue to properly maintain school facilities and equipment. With the Legislature once again failing to restore capital millage rates to 2.0 mills, the District is faced with finding other avenues to solve the shortage of funds needed to maintain adequate levels of maintenance, provide technology for classrooms and replace an aging bus fleet.

The District’s .25 mill property tax levy for operations was approved by the voters for another four years in 2014, from FY16 through FY19. For FY16, the .25 mills generate $39.6 million in revenue. The revenue is designated for art, music, and physical education instruction, choice programs, and career academies.

External Budget Review Planned for FY17

The District plans to engage an outside company to assist with taking a deep dive into the allocation of resources. This review will look for opportunities to move resources closer to our schools or free up dollars for other budget priorities, including employee salary considerations. The FY17 budget will be developed in a manner that aligns resources to the District’s anticipated revised strategic plan. The external Budget Advisory Committee will be involved with this process and continue to evaluate budget recommendations before they are brought to the Board for approval.

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Our Vision

The School District of Palm Beach envisions a dynamic collaborative multicultural

community where education and lifelong learning are valued and supported, and all learners reach their highest potential and succeed in the global economy.

Our Mission

The School District of Palm Beach County is committed to providing a world-class education with excellence

and equity to empower each student to reach his or her highest potential with the

most effective staff to foster the knowledge, skills, and

ethics required for responsible citizenship and

productive careers.

STRATEGIC PLAN

Defining Our Guiding Principles

Accountability-the notion that people or an organization should be held responsible for improving student achievement Building Capacity-Strengthening the skills, competencies, and abilities of people or communities Choice-making a decision about student attendance after acquiring information about the School District of Palm Beach County program offerings Community-students, faculty, administrators, parents, business, and community members working together to create learning opportunities within local learning institutions Creativity-the ability to make new things or think of new ideas Cultural Sensitivity-having the knowledge, awareness, and the acceptance of other cultures Diversity-the inclusion of different types of people in a group or organization Equity-the state or quality of being just, impartial, and fair Ethics-in accordance with moral and professional principles Excellence-exceeding the set standard Family-the person or persons acting in the capacity of a parent Honesty-a quality characterized by reliability, truthfulness, and fairness Inclusion-the practice of placing students with disabilities in regular classrooms so that everyone can learn from each other Professionalism-the conduct, aims, or qualities that characterize a professional Respect-admiring someone or something that is good, valuable, or important Safety-the act of preventing accidents and injuries Social/Emotional Development- a process for learning life skills including how to deal with oneself, others, relationships, and working in an effective manner. Trustworthiness-able to be relied upon to do or provide what is needed or right

Goal 1: Student First Philosophy

Implement researched-based, fully enrichedinstructional models that enable students todevelop the critical thinking and analyticalskills necessary to succeed academically

Support each student, not as a collective unit,but with individualized educational plans

Provide meaningful follow-up, monitoring,and mentorships that provide supportnecessary to succeed

Develop age-appropriate life skills trainingprograms for students and families thatcultivate soft skills includingself-determination and self-advocacy

Seek equitable outcomes for all studentgroups that help each student achieve thegreatest success possible

Continue and strengthen choice programs,career academies, and other career/technicalcurricula that meet the needs of our studentswhile supporting the economic developmentgoals of the community

Implement methods to identify learning stylesand match them with appropriate teaching methods and measurable performance goals

Develop a program that provides supportfrom one adult to every student in our system

Goal 2: Family Matters

Create policies and programs that encourageall parents, caregivers, and families as theprimary partners in the education of students

Implement new policies, procedures, andprocesses to make schools more familyfriendly so that the school encouragesparent/caregiver participation by providing:an inviting campus, a welcoming atmosphereand mutually beneficial opportunities tointeract with teachers and administrators

Train principals and teachers how maximizeinteractive opportunities with families/caregivers via face-to-face meetings as wellas communication through technology

Engage partners to empower families/caregivers

Hold teachers/administrators accountable toengage families/caregivers

Create, recruit, and implement on campusvolunteer opportunities in all aspects ofschool life for families/caregivers andcommunity partners

Examine opportunities to improve adultliteracy skills, and career/technical trainingoffered to families/caregivers

Encourage parental supports for schoolreadiness by providing support mechanismsthat bolster families/caregivers

Foster a climate and culture that promotesthat District goals and their achievement

Robert M. Avossa, Ed.D.Superintendent

Board Members:

Chuck Shaw Chairman

Frank Barbieri, Esq. Vice Chairman

Marcia Andrews

Karen Brill

Erica Whitfield

Mike Murgio

Debra Robinson, M.D.

(The Strategic Plan is Currently Under Development for FY 2017)

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Goal 3: Qualified and Highly Effective Workforce

Cultivate a fluid leadership development successionplanning program that keeps good teachers teaching,strengthens classroom management efforts, andproduces highly effective academic leaders, assistantprincipals, principals, andadministrators, and teachers

Conduct a resource allocationstudy evaluation socio-economicfactors in the school District toidentify shortfalls andinconsistencies between schoolswith the District, reassignresources, including the workforce,to address equity in a Student-FirstPhilosophy

Enact a professional developmentprogram that is coupled with asystem that ensures adequate payfor a well-trained workforce

Ensure that professional development supports andstrengthens choice programs, career academies, andother career/technical curricula to meet the needs of ourstudents while supporting the economic developmentgoals of the community

Provide intrinsic incentives to encourage thereassignment of the best teachers as measured bystudent performance and acceleration data, tounderperforming classes, schools, and students asdemonstrated by need

Provide the means by which diversity in our workforce issupported and corresponds to the diversity of the areawhere we educate children

Goal 4: Efficiency and Accountability

Streamline and reduce the levels of bureaucracy Redistribute savings and maximize limited financial

resources to be applied to a Student-First Philosophy Conduct a functional audit of the District to enable the

implementation of the Student-First Philosophy andFamily Matters initiatives. Assess each department andits purpose, expenses, and how it serves and meetsstudents needs

Strengthen the balance between academic achievementand robust student services programs that will support thesocial, emotional, and career/technical/vocational needsof students

Develop and report on efforts to provide students andteachers with up to date technology and wirelessconnectivity at each school campus to ensure the abilityto perform and compete successfully in the globalknowledge economy

Enhance the learning environment of each campus toensure top-notch facilities that are safe and encourageincreased learning opportunities which will lead to achievement

Seek parity in funding and resources among schoolsthroughout the District with a focus on strengtheningschools

Develop a School Facilities Improvement Plan that willoutline campus improvements, renovations, upgrades andmore

Create a transparent, online reporting tools that tracksdistrict-wide and school expenditures and performancesmeasures


Goal 5: Community Engagement

Develop a robust Community Engagement andEmpowerment effort that provides meaningful opportunitiesfor volunteers from stakeholder groups including business,civic, and social organizations to support the Student-FirstPhilosophy and Family Matters efforts

Create a multi-year, multi-faceted campaign to engagepartners in creating a world class education system—demonstrate the return on investment economically andsocially to partner organizations

Regularly acknowledge and reward the participation ofvolunteers and partner organizations

Ensure that there are role models and mentors whorepresent the diverse student body and relate to thestudents and families with whom they are working

Ensure that principals, administrators, and teachers haveprofessional support from the community to assist withprofessional development, management skills, and theStudent First Philosophy

Continually reach out to community organizations-social,civics, business, faith-based, and others to inform andrecruit assistance for students and school personnel

Explore ways to develop mutually beneficial opportunitiesthat support community efforts such as the Six Pillars ofFlorida’s Future Economy from the Economic Council ofPalm Beach County

Create and maintain an advisory council to provide adviceand counsel in support of choice programs, career,academic, and other career/technical curricula that meet theneeds of our students while supporting the economic goalsof the community

Goal 6: Communications Campaign

Commence with a communication strategy that targetsstudents and families, the district workforce, externalstakeholder groups, and the public

Outline the efforts underway to create Student-FirstPhilosophy and Family Matters initiatives and the resourcesavailable to students and families

Highlight the best managerial practices implemented andreward staff in order to help build morale and demonstrate acommitment to the new initiatives

Illustrate the successes of the District as well as recognizethe performance gap and unmet needs within the District

Promote a message of success and continued efforts toachieve the District’s mission to attain its vision

Ensure that the campaign includes efforts for principals,teachers, administrators, and others to become regularlyengaged in social, civic, business, and faith-basedorganizations.

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2014-2015 2015-2016Millage Millage Increase/

Rate Rate (Decrease)

Non-Voted Millage:Required Local Effort (RLE) 5.0840 5.0030 (0.0810)Prior Period RLE Adj. 0.0120 0.0110 (0.0010)Discretionary Operating 0.7480 0.7480 0.0000Local Capital Improvement 1.5000 1.5000 0.0000 Sub-Total Non-Voted 7.3440 7.2620 (0.0820)

Voted Millage:Additional Operating* 0.2500 0.2500 0.0000

Total Voted & Non-Voted Millage 7.5940 7.5120 (0.0820)

*Voter approved November 2014 for Fiscal Years 2016-2019.

COMPARISON OF 2014-2015 TO2015-2016 MILLAGE RATES

0.0000

1.0000

2.0000

3.0000

4.0000

5.0000

6.0000

7.0000

8.0000

2014‐2015 2015‐2016

Mills

Additional Operating

Local Capital Improvement

Discretionary Operating

Prior Period Funding Adj.

Required Local Effort

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% Incr/(Decr)

2014-15 Rolled Back As ComparedMillage Millage Millage To Rolled BackRate Rate Rate Millage Rate

Taxable Value $149,734,528,537 * $165,191,584,364 **

Non-Voted Millage:Required Local Effort (RLE) 5.0840 4.6715 5.0030 7.10% Prior Period RLE Adj 0.0120 0.0110 0.0110 0.00% Discretionary Operating 0.7480 0.6873 0.7480 8.83% Local Capital Improvement 1.5000 1.3783 1.5000 8.83%

Sub-Total Non-Voted 7.3440 6.7481 7.2620 7.62%

Voted Millage:Additional Operating 0.2500 0.2297 0.2500 8.84%

Total Voted &Non-Voted Millage 7.5940 6.9778 7.5120 7.66%

* Final Certification of Taxable Value for 2014.

** Certification of School Taxable Value 7/1/15.

2015-16

COMPARISON OF 2014-2015 TO2015-2016 MILLAGE AND ROLLED BACK RATE

0.0

1.0

2.0

3.0

4.0

5.0

Required Local Effort Prior Period RLE Adj DiscretionaryOperating

Local CapitalImprovement

Additional Operating

Millage Comparison

2014-15 2015-16

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%

Gross Incr/(Decr) Incr/(Decr)

Tax Taxable As Compared to As Compared to

Year Value * Prior Year Prior Year

2006 161,252,193,452 30,989,450,089 23.79%

2007 170,229,136,344 8,976,942,892 5.57%

2008 168,237,902,004 (1,991,234,340) -1.17%

2009 149,448,533,249 (18,789,368,755) -11.17%

2010 134,698,183,829 (14,750,349,420) -9.87%

2011 132,258,526,057 (2,439,657,772) -1.81%

2012 133,036,112,620 777,586,563 0.59%

2013 138,661,344,906 5,625,232,286 4.23%

2014 150,103,001,478 11,441,656,572 8.25%

2015 165,191,584,364 15,088,582,886 10.05%

* Gross Taxable Value as of budget adoption.

COMPARISON OF PALM BEACH COUNTY

GROSS TAXABLE VALUE

$80

$90

$100

$110

$120

$130

$140

$150

$160

$170

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Bil

lio

ns

Tax Year

Ten Year Comparison of Taxable Value

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COMPARISON OF HOMEOWNER PROPERTY TAXESTAX YEAR 2014 TO 2015

Sample HomeSample (With No Increase

Home in Assessed Value)

Assessed Value $ 225,000 $ 225,000Homestead Exemption 25,000 25,000Taxable Value $ 200,000 $ 200,000

Millage Taxes Millage TaxesRequired Local Effort (RLE) 5.0840 $ 1,016.80 5.0030 $ 1,000.60Prior Period RLE Adj. 0.0120 2.40 0.0110 2.20Discretionary Operating 0.7480 149.60 0.7480 149.60Local Capital Improvement 1.5000 300.00 1.5000 300.00

NON-VOTED 7.3440 $ 1,468.80 7.2620 $ 1,452.40

Additional Operating 0.2500 50.00 0.2500 50.00NON-VOTED & VOTED 7.5940 $ 1,518.80 7.5120 $ 1,502.40

Decrease from prior year due to decrease in millage rates: -$ 16.40

Tax Year 2014 Tax Year 2015

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MILLAGE RATES AND HOMEOWNER PROPERTY TAXESFIVE YEAR HISTORY

Sample Homeowner Property Taxes Based on an Assessed Value of $225,000with a $25,000 Homestead Exemption:

Assessed Value $225,000

Homestead Exemption 25,000

Taxable Value $200,000

2011 2012 2013 2014 2015

Millage Taxes Millage Taxes Millage Taxes Millage Taxes Millage Taxes

Required Local Effort (RLE) 5.6820 $1,136.40 5.2570 $1,051.40 5.0760 $1,015.20 5.0840 $1,016.80 5.0030 $1,000.60

Prior Period RLE Adjustment 0.0230 4.60 0.0120 2.40 0.0120 2.40 0.0110 2.20

Discretionary Operating 0.6880 137.60 0.7020 140.40 0.7270 145.40 0.7480 149.60 0.7480 149.60

Critical Operating Needs

Local Capital Improvement 1.5000 300.00 1.5000 300.00 1.5000 300.00 1.5000 300.00 1.5000 300.00

Discretionary Capital Improvmt 0.0600 12.00 0.0460 9.20 0.0210 4.20

NON-VOTED 7.9300 $1,586.00 7.5280 $1,505.60 7.3360 $1,467.20 7.3440 $1,468.80 7.2620 $1,452.40

Additional Operating 0.2500 50.00 0.2500 50.00 0.2500 50.00 0.2500 50.00 0.2500 50.00NON-VOTED & VOTED 8.1800 $1,636.00 7.7780 $1,555.60 7.5860 $1,517.20 7.5940 $1,518.80 7.5120 $1,502.40

Note: The Millage Rate reflects the amount of Taxes per $1,000 of Taxable Value.

ESTIMATED PROPERTY TAX LEVIES AND COLLECTIONS

2011 2012 2013 2014 2015Total Palm Beach CountyGross Taxable Value *

Property Taxes Levied

Tax CollectionsRequired Local Effort (RLE)Prior Period RLE AdjustmentDiscretionary OperatingLocal Capital ImprovementDiscretionary Capital ImprovmtAdditional Operating

Total Collections

* Gross Taxable Value as of budget adoption.

237,875,881

39,645,980

$1,191,282,414

$1,240,919,182

$793,395,357

1,744,423

118,620,773

216,148,322

36,024,720

$1,094,286,905$993,364,688

$150,103,001,478

$1,139,882,193

$732,598,713

1,729,187

107,785,963

$675,691,187

$1,051,884,962

2,795,413

$1,009,809,565

$1,034,754,884

$671,396,010$721,433,227

2,937,437

$1,081,874,743

1,597,379

96,774,526

31,928,667 33,278,723

5,874,875

199,672,337

89,655,697

$1,038,599,753

31,742,046

87,354,111

$138,661,344,906

7,618,091

191,572,002190,452,278

$132,258,526,057 $133,036,112,620 $165,191,584,364

Page 15

COMPARISON OF BUDGET - ALL FUNDS

Amended Tentative %2014-2015 2015-2016 Increase/ Increase

Fund Titles Budgets Budgets (Decrease) (Decrease)

General Fund 1,660,776,320$ $1,712,748,486 $51,972,166 3.13% Special Revenue - Food Service 107,769,081 111,447,800 3,678,719 3.41% Special Revenue - Other * 139,694,278 107,865,475 (31,828,803) (22.78%)Special Revenue - RTTT 218,098 0 (218,098) (100.00%)Debt Service** 268,438,911 272,848,759 4,409,849 1.64% Capital Projects 384,067,598 358,888,565 (25,179,033) (6.56%)

Subtotal $2,560,964,285 $2,563,799,086 $2,834,801

Less Transfers: (244,629,838) (252,521,831) (7,891,993) 3.23%

Total Budget - All Funds $2,316,334,447 $2,311,277,255 ($5,057,192) (0.22%)

*Not all Federal and State funds have been received. It is anticipated the FY2016 revenue will be similar to FY2015.

** Excluded FY2015 debt refunding of $574,439,094 for comparability.

$0

$200,000,000

$400,000,000

$600,000,000

$800,000,000

$1,000,000,000

$1,200,000,000

$1,400,000,000

$1,600,000,000

$1,800,000,000

General Fund Special Rev -Food (410)

Special Rev -Other (420)

Special Rev -RTTT (49X)

Debt Service (200) Capital Projects(300)

2014-2015 to 2015-2016

2014-2015 2015-2016

Page 16

Board Meeting Date: July 29, 2015 Agenda Item # B1

SCHOOL DISTRICT OF PALM BEACH COUNTY

BOARD AGENDA ITEM SUMMARY DIVISION OF FINANCIAL MANAGEMENT

RESOLUTION ADOPTING TENTATIVE MILLAGE RATES

I recommend the School Board adopt the proposed millage levy of 7.5120 mills for FY 2016. This total millage levy is made up of 5.0030 mills for Required Local Effort, 0.0110 mills for Prior Period RLE Adjustment, 0.7480 mills for Discretionary Operating Funds, 1.5000 mills for Local Capital Improvement, and 0.2500 mills for Additional Operating Funds. A breakdown of the proposed millage rate as compared to the rolled back rate is as follows:

Proposed Rolled Back % Increase

Millage Rate (Decrease)

Required Local Effort (RLE) 5.0030 4.6715 7.10%

Prior Period RLE Adj 0.0110 0.0110 0.00%

Discretionary Operating 0.7480 0.6873 8.83%

Local Capital Improvement 1.5000 1.3783 8.83%

Additional Operating 0.2500 0.2297 8.84%

Total Mills 7.5120 6.9778 7.66%

BOARD GOAL: #6 KEY RESULT: #10 PRESENTER: Michael J. Burke and Heather Knust TIME OF PRESENTATION: 30 Minutes

FINANCIAL IMPACT

The proposed millage rates will generate revenues of $1,191,282,414 of revenue from local taxes for operating and capital operations during FY 2016.

A C T I O N A G E N D A I T E M

Page 17

Board Meeting Date: July 29, 2015 Agenda Item # B2

SCHOOL DISTRICT OF PALM BEACH COUNTY

BOARD AGENDA ITEM SUMMARY DIVISION OF FINANCIAL MANAGEMENT

RESOLUTION ADOPTING TENTATIVE BUDGET

I recommend the School Board adopt the tentative district summary budget in the amount of $2,311,277,255 for FY 2016. The recapitulation of this budget is scheduled below.

General Fund $1,712,748,486 Special Revenue - Food Service 111,447,800 Special Revenue - Other 107,865,475

Debt Service 272,848,759 Capital Projects 358,888,565

Sub-Total $2,563,799,086

Less Transfers: (252,521,831)

Total Funds $2,311,277,255

BOARD GOAL: #6 KEY RESULT: #10 PRESENTER: Michael J. Burke and Heather Knust TIME OF PRESENTATION: 30 Minutes

FINANCIAL IMPACT

The financial impact to the school district is a budget of $2,311,277,255 in all funds for FY 2016.

A C T I O N A G E N D A I T E M

Page 18

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTYDISTRICT SUMMARY BUDGET Fiscal Year 2015-16

SECTION I. ASSESSMENT AND MILLAGE LEVIES Page 1

A. Certification of Taxable Value of Property in County by Property Appraiser 165,191,584,364.00

B. Millage Levies on Nonexempt Property: DISTRICT MILLAGE LEVIESNonvoted Voted Total

1. Required Local Effort 5.0030 5.0030

2. Prior-Period Funding Adjustment Millage 0.0110 0.0110

3. Discretionary Operating 0.7480 0.7480

4. Additional Operating 0.2500 0.2500

5. Additional Capital Improvement

6. Local Capital Improvement 1.5000 1.5000

7. Discretionary Capital Improvement

8. Debt Service

TOTAL MILLS 7.2620 0.2500 7.5120

ESE 139

Page 19

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTYDISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2016

SECTION II. GENERAL FUND - FUND 100 Page 2Account

ESTIMATED REVENUES NumberFEDERAL:

Federal Impact, Current Operations 3121 7,000.00Reserve Officers Training Corps (ROTC) 3191 800,000.00Pell Grants 3192Miscellaneous Federal Direct 3199Total Federal Direct 3100 807,000.00

FEDERAL THROUGH STATE AND LOCAL:Medicaid 3202 5,360,000.00National Forest Funds 3255Federal Through Local 3280Miscellaneous Federal Through State 3299Total Federal Through State and Local 3200 5,360,000.00

STATE:Florida Education Finance Program (FEFP) 3310 234,773,926.00Workforce Development 3315 17,014,911.00Workforce Development Capitalization Incentive Grant 3316Workforce Education Performance Incentive 3317Adults With Disabilities 3318CO & DS Withheld for Administrative Expenditure 3323 100,000.00Diagnostic and Learning Resources Centers 3335Racing Commission Funds 3341State Forest Funds 3342State License Tax 3343 270,000.00District Discretionary Lottery Funds 3344 698,197.00Class Size Reduction Operating Funds 3355 213,576,080.00Florida School Recognition Funds 3361 10,584,702.00Excellent Teaching Program 3363Voluntary Prekindergarten Program 3371 3,711,000.00Preschool Projects 3372Reading Programs 3373Full-Service Schools Program 3378Other Miscellaneous State Revenue 3399 300,000.00Total State 3300 481,028,816.00

LOCAL:District School Taxes 3411 953,906,533.00Tax Redemptions 3421Payment in Lieu of Taxes 3422 50,000.00Excess Fees 3423Tuition 3424Rent 3425 2,167,000.00Investment Income 3430 950,000.00Gifts, Grants and Bequests 3440 2,018,343.00Adult General Education Course Fees 3461 600,000.00Postsecondary Vocational Course Fees 3462Continuing Workforce Education Course Fees 3463Capital Improvement Fees 3464Postsecondary Lab Fees 3465Lifelong Learning Fees 3466General Education Development (GED) Testing Fees 3467 120,000.00Financial Aid Fees 3468Other Student Fees 3469 1,405,000.00Preschool Program Fees 3471 300,000.00Prekindergarten Early Intervention Fees 3472School-Age Child Care Fees 3473 30,040,000.00Other Schools, Courses and Classes Fees 3479Miscellaneous Local Sources 3490 19,439,592.00Total Local 3400 1,010,996,468.00

TOTAL ESTIMATED REVENUES 1,498,192,284.00OTHER FINANCING SOURCESLoans 3720Sale of Capital Assets 3730Loss Recoveries 3740Transfers In:

From Debt Service Funds 3620From Capital Projects Funds 3630 98,242,888.00From Special Revenue Funds 3640From Permanent Funds 3660From Internal Service Funds 3670From Enterprise Funds 3690Total Transfers In 3600 98,242,888.00

TOTAL OTHER FINANCING SOURCES 98,242,888.00Fund Balance, July 1, 2015 2800 116,313,314.00TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE 1,712,748,486.00

ESE 139

Page 20


SECTION II. GENERAL FUND - FUND 100 (Continued) Page 3Account Totals Salaries Employee Benefits Purchased Services Energy Services Materials & Supplies Capital Outlay Other

APPROPRIATIONS Number 100 200 300 400 500 600 700

Instruction 5000 1,102,299,953.49 630,837,822.30 196,898,876.19 180,455,666.67 83,044,508.10 912,025.23 10,151,055.00

Student Personnel Services 6100 46,683,594.39 32,795,976.54 10,348,975.85 3,388,579.00 2,000.00 146,913.00 1,150.00

Instructional Media Services 6200 19,385,002.70 13,376,916.68 4,447,628.02 309,761.00 16,276.00 191,745.00 983,487.00 59,189.00

Instruction and Curriculum Development Services 6300 34,829,101.13 26,314,413.50 7,654,770.63 644,244.00 167,871.00 33,555.00 14,247.00

Instructional Staff Training Services 6400 9,109,808.47 4,964,538.28 1,381,399.19 608,211.00 79,621.00 25,624.00 2,050,415.00

Instructional-Related Technology 6500 8,972,481.46 4,255,105.96 1,650,655.50 2,938,804.00 9,884.00 117,532.00 500.00

Board 7100 7,644,931.00 4,148,510.00 1,081,148.00 949,836.00 4,700.00 40,818.00 3,021.00 1,416,898.00

General Administration 7200 6,802,000.76 4,879,609.92 1,225,832.84 539,690.00 15,224.00 70,273.00 7,450.00 63,921.00

School Administration 7300 97,765,920.10 74,250,794.48 22,502,072.62 266,436.00 736,549.00 5,068.00 5,000.00

Facilities Acquisition and Construction 7400 645,055.00 332,666.00 85,389.00 227,000.00

Fiscal Services 7500 6,222,705.77 4,057,143.82 1,189,641.95 648,780.00 21,812.00 42,603.00 262,725.00

Food Service 7600 21,744.00 3,104.00 18,640.00

Central Services 7700 14,765,370.74 9,877,262.62 2,884,886.17 1,589,853.95 59,460.00 129,439.00 56,766.00 167,703.00

Student Transportation Services 7800 48,995,904.10 27,101,685.22 11,809,225.88 1,568,104.00 7,958,716.00 148,116.00 43,853.00 366,204.00

Operation of Plant 7900 127,196,747.24 44,809,342.12 18,880,154.12 26,923,785.00 32,871,900.00 3,467,768.00 156,897.00 86,901.00

Maintenance of Plant 8100 81,013,321.00 29,506,965.00 9,345,633.00 28,409,530.00 1,049,169.00 11,629,666.00 782,164.00 290,194.00

Administrative Technology Services 8200 8,818,005.13 4,047,073.60 1,174,819.53 431,183.00 3,114,261.00 14,757.00 35,911.00

Community Services 9100 41,426,839.52 9,330,883.12 5,262,184.40 450,317.00 30,016.00 14,560,159.00 842,672.00 10,950,608.00

Debt Service 9200 150,000.00 150,000.00

Other Capital Outlay 9300

TOTAL APPROPRIATIONS 1,662,748,486.00 924,886,709.16 297,826,396.89 250,122,780.62 42,007,461.00 117,559,403.10 4,028,624.23 26,317,111.00OTHER FINANCING USES:Transfers Out: (Function 9700)

To Debt Service Funds 920

To Capital Projects Funds 930

To Special Revenue Funds 940

To Permanent Funds 960

To Internal Service Funds 970

To Enterprise Funds 990

Total Transfers Out 9700

TOTAL OTHER FINANCING USES

Nonspendable Fund Balance, June 30, 2016 2710

Restricted Fund Balance, June 30, 2016 2720

Committed Fund Balance, June 30, 2016 2730

Assigned Fund Balance, June 30, 2016 2740

Unassigned Fund Balance, June 30, 2016 2750 50,000,000.00

TOTAL ENDING FUND BALANCE 2700 50,000,000.00

TOTAL APPROPRIATIONS, OTHER FINANCING USES

AND FUND BALANCE 1,712,748,486.00

ESE 139

Page 21

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTYDISTRICT SUMMARY BUDGET

For Fiscal Year Ending June 30, 2016

Page 4

Account

ESTIMATED REVENUES Number

FEDERAL THROUGH STATE AND LOCAL:

National School Lunch Act 3260 65,822,000.00

USDA-Donated Commodities 3265 5,358,800.00

Federal Through Local 3280

Miscellaneous Federal Through State 3299

Total Federal Through State and Local 3200 71,180,800.00

STATE:

School Breakfast Supplement 3337 459,000.00

School Lunch Supplement 3338 557,000.00

Other Miscellaneous State Revenue 3399

Total State 3300 1,016,000.00

LOCAL:

Investment Income 3430 40,000.00

Gifts, Grants and Bequests 3440

Food Service 3450 14,510,000.00

Other Miscellaneous Local Sources 3495 176,000.00

Total Local 3400 14,726,000.00

TOTAL ESTIMATED REVENUES 86,922,800.00

OTHER FINANCING SOURCES:

Loans 3720

Sale of Capital Assets 3730

Loss Recoveries 3740

Transfers In:

From General Fund 3610

From Debt Service Funds 3620

From Capital Projects Funds 3630

Interfund Transfer 3650

From Permanent Funds 3660

From Internal Service Funds 3670

From Enterprise Funds 3690

Total Transfers In 3600

TOTAL OTHER FINANCING SOURCES

Fund Balance, July 1, 2015 2800 24,525,000.00

TOTAL ESTIMATED REVENUES, OTHER FINANCING

SOURCES AND FUND BALANCE 111,447,800.00

ESE 139

SECTION III. SPECIAL REVENUE FUNDS - FOOD SERVICES - FUND 410

Page 22


SECTION III. SPECIAL REVENUE FUNDS - FOOD SERVICES - FUND 410 (CONTINUED) Page 5

AccountAPPROPRIATIONS Number

Food Services: (Function 7600)

Salaries 100 21,100,000.16

Employee Benefits 200 12,449,999.84

Purchased Services 300 9,483,860.00

Energy Services 400 2,640,500.00

Materials and Supplies 500 36,746,600.00

Capital Outlay 600 3,128,500.00

Other 700 2,200,774.00

Capital Outlay (Function 9300) 600

TOTAL APPROPRIATIONS 7600 87,750,234.00OTHER FINANCING USES:Transfers Out (Function 9700)

To General Fund 910



Interfund 950







Restricted Fund Balance, June 30, 2016 2720 23,697,566.00



Unassigned Fund Balance, June 30, 2016 2750

TOTAL ENDING FUND BALANCE 2700 23,697,566.00TOTAL APPROPRIATIONS, OTHER FINANCING USESAND FUND BALANCE 111,447,800.00

ESE 139

Page 23


SECTION IV. SPECIAL REVENUE FUNDS - OTHER FEDERAL PROGRAMS - FUND 420 Page 6

Account

ESTIMATED REVENUES NumberFEDERAL DIRECT:

Workforce Investment Act 3170

Community Action Programs 3180

Reserve Officers Training Corps (ROTC) 3191

Miscellaneous Federal Direct 3199 398,966.00Total Federal Direct 3100 398,966.00


Vocational Education Acts 3201 1,759,085.00

Medicaid 3202

Workforce Investment Act 3220

Teacher and Principal Training and Recruitment - Title II, Part A 3225

Math & Science Partnerships - Title II, Part B 3226

Drug-Free Schools 3227

Individuals with Disabilities Education Act (IDEA) 3230 39,062,303.00

Elementary and Secondary Education Act, Title I 3240 55,391,749.00

Adult General Education 3251

Vocational Rehabilitation 3253

Federal Through Local 3280 137,811.08

Miscellaneous Federal Through State 3299 10,760,361.33Total Federal Through State And Local 3200 107,111,309.41

STATE:

Other Miscellaneous State Revenue 3399 285,000.00Total State 3300 285,000.00

LOCAL:

Investment Income 3430

Gifts, Grants and Bequests 3440 70,200.00

Adult General Education Course Fees 3461

Other Miscellaneous Local Sources 3495Total Local 3400 70,200.00

TOTAL ESTIMATED REVENUES 107,865,475.41


Loans 3720Sale of Capital Assets 3730


Transfers In:




Interfund 3650



From Enterprise Funds 3690Total Transfers In 3600


Fund Balance, July 1, 2015 2800

TOTAL ESTIMATED REVENUES, OTHER FINANCINGSOURCES AND FUND BALANCE 107,865,475.41

ESE 139

Page 24



SECTION IV. SPECIAL REVENUE FUNDS - OTHER FEDERAL PROGRAMS - FUND 420 (Continued) Page 7

Account Totals Salaries Employee Benefits Purchased Services Energy Services Materials & Supplies Capital Outlay Other


Instruction 5000 46,369,354.09 25,827,479.57 8,370,758.89 7,069,002.21 2,637,079.89 1,639,560.32 825,473.21

Student Personnel Services 6100 11,446,684.53 6,299,671.24 2,099,056.65 1,832,874.05 1,120,827.78 41,775.55 52,479.26

Instructional Media Services 6200 1,487.00 1,487.00

Instruction and Curriculum Development Services 6300 17,812,766.51 12,443,753.33 3,962,144.96 891,140.00 288,628.22 222,100.00 5,000.00

Instructional Staff Training Services 6400 27,942,550.14 16,960,659.77 5,033,996.93 3,346,243.42 1,944,447.37 59,031.00 598,171.65

Instructional-Related Technology 6500 85,063.50 60,063.00 25,000.50

Board 7100

General Administration 7200 3,115,433.03 65,092.03 3,050,341.00

School Administration 7300

Facilities Acquisition and Construction 7400

Fiscal Services 7500

Food Services 7600

Central Services 7700 779,963.00 509,117.06 75,767.35 153,578.59 26,500.00 10,000.00 5,000.00

Student Transportation Services 7800 306,173.61 16,987.75 4,356.86 109,454.00 11,975.00 2,100.00 1,000.00 160,300.00

Operation of Plant 7900 5,000.00 5,000.00

Maintenance of Plant 8100 1,000.00 1,000.00

Administrative Technology Services 8200

Community Services 9100


TOTAL APPROPRIATIONS 107,865,475.41 62,117,731.72 19,571,082.14 13,473,384.30 11,975.00 6,019,583.26 1,974,953.87 4,696,765.12OTHER FINANCING USES:Transfers Out: (Function 9700)

To General Fund 910



Interfund 950











TOTAL ENDING FUND BALANCE 2700


AND FUND BALANCE 107,865,475.41

ESE 139

Page 25


SECTION V. SPECIAL REVENUE FUNDS - TARGETED ARRA STIMULUS FUNDS - FUND 432 Page 8

AccountESTIMATED REVENUES Number

FEDERAL DIRECT:

Miscellaneous Federal Direct 3199

Total Federal Direct 3100


Individuals with Disabilities Education Act (IDEA) 3230

Elementary and Secondary Education Act, Title I 3240


Total Federal Through State And Local 3200

STATE:


Total State 3300

LOCAL:



Other Miscellaneous Local Sources 3495

Total Local 3400

TOTAL ESTIMATED REVENUES




Transfers In:




Interfund 3650






Fund Balance, July 1, 2015 2800TOTAL ESTIMATED REVENUES, OTHER FINANCINGSOURCES AND FUND BALANCE

ESE 139

Page 26


SECTION V. SPECIAL REVENUE FUNDS - TARGETED ARRA STIMULUS FUNDS - FUND 432 (Continued) Page 9



Instruction 5000

Student Personnel Services 6100

Instructional Media Services 6200

Instruction and Curriculum Development Services 6300

Instructional Staff Training Services 6400

Instructional-Related Technology 6500

Board 7100

General Administration 7200




Food Services 7600

Central Services 7700

Student Transportation Services 7800

Operation of Plant 7900

Maintenance of Plant 8100




TOTAL APPROPRIATIONS OTHER FINANCING USES:Transfers Out: (Function 9700)

To General Fund 910To Debt Service Funds 920To Capital Projects Funds 930Interfund 950To Permanent Funds 960To Internal Service Funds 970To Enterprise Funds 990










AND FUND BALANCE

ESE 139

Page 27


SECTION V. SPECIAL REVENUE FUNDS - OTHER ARRA STIMULUS GRANTS - FUND 433 Page 10


FEDERAL DIRECT:

Miscellaneous Federal Direct 3199

Total Federal Direct 3100


Other Food Services 3269


Total Federal Through State and Local 3200

STATE:


Total State 3300

LOCAL:




Total Local 3400





Transfers In:




Interfund 3650







ESE 139

Page 28


SECTION V. SPECIAL REVENUE FUNDS - OTHER ARRA STIMULUS GRANTS - FUND 433 (Continued) Page 11



Instruction 5000






Board 7100





Food Services 7600



















AND FUND BALANCE

ESE 139

Page 29


SECTION V. SPECIAL REVENUE FUNDS - RACE TO THE TOP - FUND 434 Page 12



Race to the Top 3214



STATE:


Total State 3300

LOCAL:




Total Local 3400





Transfers In:




Interfund 3650







ESE 139

Page 30


SECTION V. SPECIAL REVENUE FUNDS - RACE TO THE TOP - FUND 434 (Continued) Page 13



Instruction 5000






Board 7100





Food Services 7600



















AND FUND BALANCE

ESE 139

Page 31

DISTRICT SCHOOL BOARD OF PALM BEACH COUNTY

DISTRICT SUMMARY BUDGET


Page 14

Account



Federal Through Local 3280


LOCAL:




Total Local 3400

TOTAL ESTIMATED REVENUES 3000

OTHER FINANCING SOURCES

Transfers In:




Interfund 3650







ESE 139

SECTION VI. SPECIAL REVENUE FUNDS - MISCELLANEOUS - FUND 490

Page 32


DISTRICT SUMMARY BUDGET


SECTION VI. SPECIAL REVENUE FUNDS - MISCELLANEOUS - FUND 490 (Continued) Page 15



Instruction 5000






Board 7100












TOTAL APPROPRIATIONSOTHER FINANCING USES:Transfers Out: (Function 9700)

To General Fund 910



Interfund 950













AND FUND BALANCE

ESE 139

Page 33


SECTION VII. DEBT SERVICE FUNDS Page 16 210 220 230 240 250 290 299

ESTIMATED REVENUES Account Totals SBE & COBI Special Act Section 1011.14-15, Motor Vehicle District Other ARRA EconomicNumber Bonds Bonds F.S., Loans Revenue Bonds Bonds Debt Service Stimulus Debt Service

FEDERAL DIRECT SOURCES:Miscellaneous Federal Direct 3199 3,258,962.92 3,258,962.92Total Federal Direct Sources 3100 3,258,962.92 3,258,962.92

FEDERAL THROUGH STATE AND LOCAL:Miscellaneous Federal Through State 3299Total Federal Through State and Local 3200

STATE SOURCES:CO & DS Withheld for SBE/COBI Bonds 3322 4,589,388.00 4,589,388.00SBE/COBI Bond Interest 3326Racing Commission Funds 3341Total State Sources 3300 4,589,388.00 4,589,388.00

LOCAL SOURCES:District Debt Service Taxes 3412County Local Sales Tax 3418School District Local Sales Tax 3419Tax Redemptions 3421Excess Fees 3423Rent 3425Investment Income 3430Gifts, Grants and Bequests 3440Total Local Sources 3400

TOTAL ESTIMATED REVENUES 7,848,350.92 4,589,388.00 3,258,962.92OTHER FINANCING SOURCES:Issuance of Bonds 3710Loans 3720Proceeds of Lease-Purchase Agreements 3750Transfers In:

From General Fund 3610From Capital Projects Funds 3630 154,278,942.69 153,879,220.61 399,722.08From Special Revenue Funds 3640Interfund (Debt Service Only) 3650From Permanent Funds 3660From Internal Service Funds 3670From Enterprise Funds 3690Total Transfers In 3600 154,278,942.69 153,879,220.61 399,722.08

TOTAL OTHER FINANCING SOURCES 154,278,942.69 153,879,220.61 399,722.08

Fund Balance, July 1, 2015 2800 110,721,465.85 704,151.00 109,819,841.31 197,473.54TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCES 272,848,759.46 5,293,539.00 263,699,061.92 3,856,158.54

ESE139

Page 34



SECTION VII. DEBT SERVICE FUNDS (Continued) Page 17

210 220 230 240 250 290 299

APPROPRIATIONS Account Totals SBE & COBI Special Act Section 1011.14-15, Motor Vehicle District Other ARRA Economic

Number Bonds Bonds F.S., Loans Revenue Bonds Bonds Debt Service Stimulus Debt Service

Debt Service: (Function 9200)

Redemption of Principal 710 81,765,543.40 4,185,000.00 77,580,543.40

Interest 720 71,986,622.93 704,151.00 67,628,561.93 3,653,910.00

Dues and Fees 730 3,207,909.95 3,203,134.95 4,775.00Miscellaneous 790

TOTAL APPROPRIATIONS 9200 156,960,076.28 4,889,151.00 148,412,240.28 3,658,685.00

OTHER FINANCING USES:

Transfers Out: (Function 9700)

To General Fund 910



Interfund (Debt Service Only) 950To Permanent Funds 960


To Enterprise Funds 990Total Transfers Out 9700



Restricted Fund Balance, June 30, 2016 2720 115,888,683.18 404,388.00 115,286,821.64 197,473.54


Assigned Fund Balance, June 30, 2016 2740Unassigned Fund Balance, June 30, 2016 2750

TOTAL ENDING FUND BALANCES 2700 115,888,683.18 404,388.00 115,286,821.64 197,473.54

TOTAL APPROPRIATIONS, OTHER FINANCING USESAND FUND BALANCES 272,848,759.46 5,293,539.00 263,699,061.92 3,856,158.54

ESE 139

Page 35



SECTION VIII. CAPITAL PROJECTS FUNDS Page 18

310 320 330 340 350 360 370 380 390 399

ESTIMATED REVENUESAccountNumber

Totals Capital Outlay Bond Issues

Special Act

Section 1011.14-15, F.S.,

Public EducationCapital Outlay

DistrictBonds

Capital Outlay and

Nonvoted Capital Improvement

Voted Capital

OtherCapital

ARRA Economic Stimulus

(COBI) Bonds Loans (PECO) Debt Service (Section 1011.71(2), F.S.) Improvement Projects Capital ProjectsFEDERAL DIRECT SOURCES:

Miscellaneous Federal Direct 3199Total Federal Direct Sources 3100

FEDERAL THROUGH STATE AND LOCAL:Miscellaneous Federal Through State 3299Total Federal Through State and Local 3200

STATE SOURCES:CO & DS Distributed 3321 1,212,173.00 1,212,173.00Interest on Undistributed CO & DS 3325Racing Commission Funds 3341Public Education Capital Outlay (PECO) 3391 3,405,197.00 3,405,197.00Classrooms First Program 3392District Effort Recognition Program 3394SMART Schools Small County Assistance Program 3395Class Size Reduction Capital Outlay 3396Charter School Capital Outlay Funding 3397 5,470,110.00 5,470,110.00Other Miscellaneous State Revenue 3399Total State Sources 3300 10,087,480.00 3,405,197.00 1,212,173.00 5,470,110.00

LOCAL SOURCES:District Local Capital Improvement Tax 3413 237,875,881.00 237,875,881.00County Local Sales Tax 3418School District Local Sales Tax 3419Tax Redemptions 3421Investment Income 3430 750,000.00 575,000.00 175,000.00Gifts, Grants and Bequests 3440Miscellaneous Local Sources 3490Impact Fees 3496 3,972,083.00 3,972,083.00Refunds of Prior Year's Expenditures 3497Total Local Sources 3400 242,597,964.00 238,450,881.00 4,147,083.00

TOTAL ESTIMATED REVENUES 252,685,444.00 3,405,197.00 1,212,173.00 238,450,881.00 9,617,193.00

OTHER FINANCING SOURCESIssuance of Bonds 3710Loans 3720Sale of Capital Assets 3730Loss Recoveries 3740Proceeds of Lease-Purchase Agreements 3750Transfers In:

From General Fund 3610From Debt Service Funds 3620From Special Revenue Funds 3640Interfund (Capital Projects Only) 3650From Permanent Funds 3660From Internal Service Funds 3670From Enterprise Funds 3690Total Transfers In 3600


Fund Balance, July 1, 2015 2800 106,203,121.01 503,483.00 29,781,674.61 75,917,963.40TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCES 358,888,565.01 503,483.00 3,405,197.00 1,212,173.00 268,232,555.61 85,535,156.40

ESE 139

Page 36



SECTION VIII. CAPITAL PROJECTS FUNDS (Continued) Page 19

310 320 330 340 350 360 370 380 390 399

APPROPRIATIONSAccountNumber

Totals Capital Outlay Bond Issues

Special Act

Section 1011.14-15, F.S.,

Public Education Capital Outlay

DistrictBonds

Capital Outlay and

Nonvoted CapitalImprovement

Voted Capital

Other Capital

ARRA Economic Stimulus

(COBI) Bonds Loans (PECO) Debt Service (Section 1011.71(2), F.S.) Improvement Projects Capital ProjectsAppropriations: (Functions 7400/9200)

Library Books (New Libraries) 610

Audiovisual Materials 620

Buildings and Fixed Equipment 630 47,114,965.54 3,555,118.84 43,559,846.70

Furniture, Fixtures and Equipment 640 12,271,293.54 10,588,532.15 1,682,761.39

Motor Vehicles (Including Buses) 650 18,758,482.99 1,494,021.00 17,264,461.99

Land 660 822,855.24 96,836.00 726,019.24

Improvements Other Than Buildings 670 2,662,884.61 2,155,755.16 507,129.45

Remodeling and Renovations 680 21,326,112.50 503,483.00 20,257,332.87 565,296.63

Computer Software 690 3,357,439.90 3,357,439.90

Redemption of Principal 710

Interest 720

Dues and Fees 730 52,700.00 52,700.00

TOTAL APPROPRIATIONS 106,366,734.32 503,483.00 41,505,035.92 64,358,215.40OTHER FINANCING USES:Transfers Out: (Function 9700)

To General Fund 910 98,242,888.00 3,405,197.00 1,212,173.00 88,155,408.00 5,470,110.00

To Debt Service Funds 920 154,278,942.69 138,572,111.69 15,706,831.00


Interfund (Capital Projects Only) 950




Total Transfers Out 9700 252,521,830.69 3,405,197.00 1,212,173.00 226,727,519.69 21,176,941.00

TOTAL OTHER FINANCING USES 252,521,830.69 3,405,197.00 1,212,173.00 226,727,519.69 21,176,941.00






TOTAL ENDING FUND BALANCES 2700


AND FUND BALANCES 358,888,565.01 503,483.00 3,405,197.00 1,212,173.00 268,232,555.61 85,535,156.40

ESE 139

Page 37


SECTION IX. PERMANENT FUND - FUND 000 Page 20Account


Federal Direct 3100

Federal Through State and Local 3200

State Sources 3300

Local Sources 3400

TOTAL ESTIMATED REVENUESOTHER FINANCING SOURCES:Sale of Capital Assets 3730

Loss Recoveries 3740Transfers In:




From Special Revenue Funds 3640





Fund Balance, July 1, 2015 2800TOTAL ESTIMATED REVENUES, OTHER FINANCING SOURCES AND FUND BALANCE

ESE 139

Page 38


SECTION IX. PERMANENT FUND - FUND 000 (Continued) Page 21Account Totals Salaries Employee Benefits Purchased Services Energy Services Materials & Supplies Capital Outlay Other


Instruction 5000






Board 7100











Debt Service 9200


TOTAL APPROPRIATIONS OTHER FINANCING USESTransfers Out: (Function 9700)

To General Fund 910












Unassigned Fund Balance, June 30, 2016 2750TOTAL ENDING FUND BALANCE 2700TOTAL APPROPRIATIONS, OTHER FINANCINGUSES AND FUND BALANCE

ESE 139

Page 39


DISTRICT SUMMARY BUDGET For Fiscal Year Ending June 30, 2016

SECTION X. ENTERPRISE FUNDS Page 22911 912 913 914 915 921 922

ESTIMATED REVENUES Account Totals Self-Insurance Self-Insurance Self-Insurance Self-Insurance ARRA Other Enterprise Other EnterpriseNumber Consortium Consortium Consortium Consortium Consortium Programs Programs

OPERATING REVENUES:Charges for Services 3481Charges for Sales 3482Premium Revenue 3484Other Operating Revenue 3489Total Operating Revenues

NONOPERATING REVENUES:Investment Income 3430Gifts, Grants and Bequests 3440Other Miscellaneous Local Sources 3495Loss Recoveries 3740Gain on Disposition of Assets 3780Total Nonoperating Revenues

Transfers In:From General Fund 3610From Debt Service Funds 3620From Capital Projects Funds 3630From Special Revenue Funds 3640Interfund Transfers (Enterprise Funds Only) 3650From Permanent Funds 3660From Internal Service Funds 3670Total Transfers In 3600

Net Position, July 1, 2015 2880TOTAL OPERATING REVENUES, NONOPERATINGREVENUES, TRANSFERS IN AND NET POSITION

OPERATING EXPENSES: (Function 9900)Salaries 100Employee Benefits 200Purchased Services 300Energy Services 400Materials and Supplies 500Capital Outlay 600Other (including Depreciation) 700Total Operating Expenses

NONOPERATING EXPENSES: (Function 9900)Interest 720Loss on Disposition of Assets 810Total Nonoperating Expenses

Transfers Out: (Function 9700)To General Fund 910To Debt Service Funds 920To Capital Projects Funds 930To Special Revenue Funds 940Interfund Transfers (Enterprise Funds Only) 950To Permanent Funds 960To Internal Service Funds 970Total Transfers Out 9700

Net Position, June 30, 2016 2780TOTAL OPERATING EXPENSES, NONOPERATINGEXPENSES, TRANSFERS OUT AND NET POSITION

ESE 139

ESTIMATED EXPENSES Object

Page 40


SECTION XI. INTERNAL SERVICE FUNDS Page 23711 712 713 714 715 731 791

ESTIMATED REVENUES Account Totals Self-Insurance Self-Insurance Self-Insurance Self-Insurance Self-Insurance Consortium Other InternalNumber Programs Service

OPERATING REVENUES:Charges for Services 3481Charges for Sales 3482Premium Revenue 3484 202,648,574.00 187,117,574.00 15,531,000.00Other Operating Revenue 3489 6,010,000.00 6,000,000.00 10,000.00Total Operating Revenues 208,658,574.00 193,117,574.00 15,541,000.00

NONOPERATING REVENUES:Investment Income 3430Gifts, Grants and Bequests 3440Other Miscellaneous Local Sources 3495Loss Recoveries 3740Gain on Disposition of Assets 3780Total Nonoperating Revenues

Transfers In:

From General Fund 3610From Debt Service Funds 3620From Capital Projects Funds 3630From Special Revenue Funds 3640Interfund Transfers (Internal Service Funds Only) 3650From Permanent Funds 3660From Enterprise Funds 3690Total Transfers In 3600

Net Position, July 1, 2015 2880 30,942,995.00 62,237,673.00 (31,294,678.00)TOTAL OPERATING REVENUES, NONOPERATINGREVENUES, TRANSFERS IN AND NET POSITION 239,601,569.00 255,355,247.00 (15,753,678.00)

OPERATING EXPENSES: (Function 9900)Salaries 100 1,129,193.00 615,458.00 513,735.00Employee Benefits 200 347,309.00 194,273.00 153,036.00Purchased Services 300 595,427.00 469,077.00 126,350.00Energy Services 400Materials and Supplies 500 53,712.00 50,662.00 3,050.00Capital Outlay 600 5,371.00 2,161.00 3,210.00Other (including Depreciation) 700 202,203,253.00 191,181,763.00 11,021,490.00Total Operating Expenses 204,334,265.00 192,513,394.00 11,820,871.00

NONOPERATING EXPENSES: (Function 9900)Interest 720Loss on Disposition of Assets 810Total Nonoperating Expenses

Transfers Out: (Function 9700)To General Fund 910To Debt Service Funds 920To Capital Projects Funds 930To Special Revenue Funds 940Interfund Transfers (Internal Service Funds Only) 950To Permanent Funds 960To Enterprise Funds 990Total Transfers Out 9700

Net Position, June 30, 2016 2780 35,267,304.00 62,841,853.00 (27,574,549.00)TOTAL OPERATING EXPENSES, NONOPERATING

EXPENSES, TRANSFERS OUT AND NET POSITION 239,601,569.00 255,355,247.00 (15,753,678.00)

ESE 139

ESTIMATED EXPENSES Object

Page 41

CERTIFICATION OF SCHOOL TAXABLE VALUEDR-420S

R. 5/13 Rule 12D-16.002, FAC

Effective 5/13 Provisional

Year : County :

Name of School District :

SECTION I : COMPLETED BY PROPERTY APPRAISER. SEND TO SCHOOL DISTRICTCurrent year taxable value of real property for operating purposes1. $ (1)

2. Current year taxable value of personal property for operating purposes $ (2)

3. Current year taxable value of centrally assessed property for operating purposes $ (3)

4. Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3) $ (4)

5.

Current year net new taxable value (Add new construction, additions, rehabilitative improvements increasing assessed value by at least 100%, annexations, and tangible personal property value over 115% of the previous year's value. Subtract deletions.)

$ (5)

6. Current year adjusted taxable value (Line 4 minus Line 5) $ (6)

7. Prior year FINAL gross taxable value from prior year applicable Form DR-403 Series $ (7)

8.Does the taxing authority levy a voted debt service millage or a millage voted for 2 years or less under s. 9(b), Article VII, State Constitution? (If yes, complete and attach form DR-420DEBT, Certification of Voted Debt Millage.)

Yes No (8)

SIGN HERE

Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge.

Signature of Property Appraiser : Date :

SECTION II : COMPLETED BY SCHOOL DISTRICTS. RETURN TO PROPERTY APPRAISERLocal board millage includes discretionary and capital outlay.

9. Prior year state law millage levy: Required Local Effort (RLE) (Sum of previous year's RLE and prior period funding adjustment)

per $1,000 (9)

10. Prior year local board millage levy (All discretionary millages) per $1,000 (10)

11. Prior year state law proceeds (Line 9 multiplied by Line 7, divided by 1,000) $ (11)

12. Prior year local board proceeds (Line 10 multiplied by Line 7, divided by 1,000) $ (12)

13. Prior year total state law and local board proceeds (Line 11 plus Line 12) $ (13)

14. Current year state law rolled-back rate (Line 11 divided by Line 6, multiplied by 1,000) per $1,000 (14)

15. Current year local board rolled-back rate (Line 12 divided by Line 6, multiplied by 1,000) per $1,000

16. Current year proposed state law millage rate (Sum of RLE and prior period funding adjustment)

per $1,000

(15)

(16)

A.Capital Outlay

B. Discretionary Operating

C. Discretionary Capital Improvement

D. Use only with instructions from the Department of Revenue

E. Additional Voted Millage

17.

Current year proposed local board millage rate (17A plus 17B, plus 17C, plus 17D, plus 17E) per $1,000

(17)

PALM BEACH2015

763,047,157

2.2953

4.6825

162,956,251,167

✔

0.0000

132,926,357

374,036,852

2.4980

Electronically Certified by Property Appraiser 6/25/2015 8:18 AM

2,235,333,197

2.4980

155,683,543,188

149,734,528,537

5.0140

0.7480

PALM BEACH CO SCHOOL DIST

1,137,084,009

1.5000

165,191,584,364

9,375,114,819

0.2500

5.0960

Page 42

DR-420S R. 5/13 Page 2

Name of School District :

18. Current year state law proceeds (Line 16 multiplied by Line 4, divided by 1,000) $ (18)

19. Current year local board proceeds (Line 17 multiplied by Line 4, divided by 1,000) $ (19)

20. Current year total state law and local board proceeds (Line 18 plus Line 19) $ (20)

21. Current year proposed state law rate as percent change of state law rolled-back rate (Line 16 divided by Line 14, minus 1, multiplied by 100)

% (21)

22. Current year total proposed rate as a percent change of rolled-back rate {[(Line 16 plus Line 17) divided by (Line 14 plus Line 15)], minus 1}, multiplied by 100

% (22)

Final public budget hearing

Date : Time : Place :

S I G N

H E R E

Taxing Authority CertificationI certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of s. 200.065, F.S.

Signature of Chief Administrative Officer : Date :

Title : Contact Name And Contact Title :

Mailing Address : Physical Address :

City, State, Zip : Phone Number : Fax Number :West Palm Beach, Florida 33406

828,270,604

3300 Forest Hill Blvd. A306

412,648,578

Winona Webb Jordan Board Chambers of the Fulton-HollandEducational Center, 3300 Forest Hill Boulevard, West PalmBeach, Florida

5:05 PM

561-434-8568

9/9/2015

1,240,919,182

7.08

7.66

3300 Forest Hill Blvd. A306

561-434-8702

Heather Knust, Budget DirectorSuperintendent

Page 43

Ref DistrictDay Date Event Activity

Wednesday, Board Workshop FY16 Budget Outlook, Board Priorities Established12/10/2014

Friday, Budget Advisory Committee Meeting Set agenda for FY16 Budget Review1/16/2015

Friday, Budget Advisory Committee Meeting Superintendent's Budget Review Committee Update3/6/2015

Monday, FY 2016 School Budgets Released FY 2016 School Budgets Released3/30/2015

Wednesday, Budget Board Workshop FY 2016 Budget Development4/1/2015

Friday, Budget Advisory Committee Meeting FY 2016 Budget Development and Capital Budget4/10/2015 Review

Wednesday, Budget Board Workshop FY 2016 Budget Development6/3/2015

Monday, Budget Advisory Committee Meeting FY 2016 Budget Update, Results of Legislature7/13/2015 Session, Five Year Capital Plan

Wednesday, Budget Board Workshop FY 2016 Budget Update, Results of Legislative7/22/2015 Session


D Wednesday, Property Appraiser certifies Roll. July 1 or date of certification, whichever is later.on 7/1/15 7/1/2015

Friday, Receive from the Department of Not later than 7/19/15, the Commissioner of7/17/2015 Education Required Local Effort. Education shall certify the Required Local Effort.

D + 24 Wednesday, Board approval for advertising Superintendent submits tentative district facilitiesby 7/24/15 7/22/2015 Within 24 days of the Certification work plan and district budget to the School Board.

of Value. School Board shall adopt Tentative Budget and shallapprove Tentative Budget for Advertising. School

Superintendent presents tentative Board authorizes Superintendent to adjust the2015-16 budget and tentative facilities millage and the budget advertisements based uponwork plan to the School Board. Department of Education information.

The School Board may order adjustment to thetentative budget, but takes no official action.

D + 29 Friday, Newspaper advertisement Advertising summary of tentative budget includingby 7/29/15 7/24/2015 Within 29 days of the Certification proposed millage rates. Notice of public hearing.

of Value

D + 31 to 34 Wednesday, Public Hearing The School Board holds public hearing tentative7/29/15* Not less than 2 nor more than budget and proposed millage rates.5:05 p.m. 5 days after advertising.

STATE STATUTORY REQUIREMENTS

SCHOOL DISTRICT REQUIREMENTS

The School District Of Palm Beach County, Florida2015-2016 Budget Adoption Calendar

* School Board Public Hearing

Page 44

The School District Of Palm Beach County, Florida2015-2016 Budget Adoption Calendar


Not less Wednesday, Adopt the District Facilities Work Hold public hearing to adopt final facilities workthan 9/9/2015* Plan and District Budget. plan, final budget and to adopt millage rate. NoD + 65 5:05 p.m. newspaper advertisement is required.not more 65-80 days after Certification

than of Value. Millage rate cannot exceed the rate tentativelyD + 80 adopted on D + 35 (7/29/15) unless each taxpayer isbetween 9/3/15 sent a personal notice of change under the newand 9/18/15 rates. Such notice is prepared by the property

Appraiser at School Board expense and should bemailed no more than 15 days nor less than 10 daysprior to any hearing.

Thursday, Submit Budget to Department of Education within 39/10/2015 business days after adoption (Florida State Board of

Education - Administrative Rules 6A-1.0071(1))

D + 101 Thursday, Within 101 days of Certification Notify Property Appraiser, Tax Collector andby 10/9/15 9/10/2015 of Value. Department of Revenue of adopted millage rate

within 3 days after the adoption of the resolution.

STATE STATUTORY REQUIREMENTS

* School Board Public Hearing

Page 45

NOTICE OF PROPOSED TAX INCREASE

The School District of Palm Beach County, Florida will soon

consider a measure to increase its property tax levy.

Last year’s property tax levy

A. Initially proposed tax levy.......................................... $ 1,139,882,193

B. Less tax reductions due to Value Adjustment Board and other

assessment changes.................................................... $ 2,798,184

C. Actual property tax levy............................................. $ 1,137,084,009

This year’s proposed tax levy........................................ $ 1,240,919,182

A portion of the tax levy is required under state law in order for the

school board to receive $469,344,459 in state education grants. The

required portion has increased by 7.08 percent, and represents

approximately seven tenths of the total proposed taxes.

The remainder of the taxes is proposed solely at the discretion of the

school board.

All concerned citizens are invited to a public hearing on the tax

increase to be held on July 29, 2015 at 5:05 P.M., at the Winona Webb

Jordan Board Chambers of the Fulton-Holland Educational Center, 3300

Forest Hill Boulevard, West Palm Beach, Florida. A DECISION on the

proposed tax increase and the budget will be made at this hearing.

Page 46

NOTICE OF TAX FOR SCHOOL CAPITAL OUTLAY

The School District of Palm Beach County, Florida will soon consider a measure to impose a 1.500 mill property tax for the capital outlay projects listed herein. This tax is in addition to the school board’s proposed tax of 6.012 mills for operating expenses and is proposed solely at the discretion of the school board. THE PROPOSED COMBINED SCHOOL BOARD TAX INCREASE FOR BOTH OPERATING EXPENSES AND CAPITAL OUTLAY IS SHOWN IN THE ADJACENT NOTICE. The capital outlay tax will generate approximately $237,875,881 to be used for the following projects: CONSTRUCTION AND REMODELING Academies at Existing Schools, Galaxy ES Mod, Gladeview ES Mod, Gove ES Mod, N Palm Beach ES Mod, Pahokee HS Remodel, Riviera Beach Prep Academy, Rosenwald ES Mod, Site Acquisition, Facility Condition Assessment, John I Leonard Restrooms, Transportation South, Transportation West Central, West Area Educational Complex Mod, Fuel Pump Replacement, Alternative Schools Master Plan, Delray Full Service Demo, CSR Projects, DD Eisenhower ES Playfields, Adult Ed Facility, Boca Raton HS Field House Buildout, West Central Maintenance Facility, Northboro Historic Bldg. Remodel, Future School Modernizations, LCD Installation Projects, Maintenance Compound South, Maintenance Compound West, Old DD Eisenhower ES Demo, Old Gove ES Demo, Old Plumosa Renovation, County Fiber Construction, Purchase of Relocatable & Modular Classrooms, Gold Coast HS Mod, Melaleuca ES Mod, North Trans Mod, Covered Walkways, Portable and Modular Classrooms, South Intensive Transition Addition, Village Academy Playfield, and Village Academy Kitchen Renovation

MAINTENANCE, RENOVATION, AND REPAIR Reimbursement of the maintenance, renovation, and repairs paid through the General Fund as permitted by Florida Statute, Compliance with Florida Bldg. Code, ADA accommodations, Athletic facilities and playfields, Fire and health safety modifications, HVAC Projects, Lighting projects, Maintenance of plant and equipment, Generators, Lightning protection, Maintenance of ancillary facilities, Building envelope maintenance projects, Minor projects, Tower Maintenance, Portable relocation, Facility renewal projects, Renovation and repair from hurricane or other storm damage, Roofing inspections, repairs and replacements, Security projects, Fire alarm replacements, Traffic projects, School and ancillary center projects, and Security upgrades

MOTOR VEHICLE PURCHASES Purchase of 140 school buses, Purchase and replacement of district vehicles, Lease-purchase of buses and vehicles, and Security vehicles

NEW AND REPLACEMENT EQUIPMENT, COMPUTERS, ENTERPRISE RESOURCE SOFTWARE, AND S. 1011.71(2), F.S., ELIGIBLE EXPENDITURES IN SUPPORT OF DIGITAL CLASSROOMS PLANS PURSUANT TO S. 1011.62(12), F.S. Purchase or lease-purchase of school and district computers and servers, Electronic learning devices, Hardware & software, Computer assisted facility management system, School and district furniture and equipment, Musical instruments, Custodial equipment, Disaster recovery equipment, Conversion from analog to digital for TV station, Bus washers, Educational data warehouse, Student information system, Portal, Enterprise learning management system, Business operating system, Network operations center, BYOD related enhancements, Mobile device mgmt. system, Telephone system upgrade, Universal ID system, Wireless infrastructure, Security systems, Communication systems, Budget development system, Instructional materials as permitted by Florida Statutes, Security radios, Video surveillance systems, Enterprise-wide software purchase and maintenance, School bus video system, GPS system for vehicles, and Vehicle routing system

PAYMENTS FOR EDUCATIONAL FACILITIES AND SITES DUE UNDER A LEASE-PURCHASE AGREEMENT Annual master lease-purchase payments for various facilities, sites and equipment, Annual lease payment for qualified zone academy bonds and qualified school construction bonds for various facilities and equipment, and Annual equipment lease payments for vehicles and equipment

PAYMENTS FOR RENTING AND LEASING EDUCATIONAL FACILITIES AND SITES Lease of administrative and educational facilities

PAYMENTS OF LOANS APPROVED PURSUANT TO SS.1011.14 AND 1011.15, F.S. PAYMENT OF COSTS OF COMPLIANCE WITH ENVIRONMENTAL STATUTES, RULES AND REGULATIONS Asbestos abatement/removal, Compliance with wetlands, Well field protection, Removal of hazardous waste, Compliance with Florida Bldg Code, Indoor air quality programs, and Removal/disposal of underground storage tanks

PAYMENT OF PREMIUMS FOR PROPERTY AND CASUALTY INSURANCE NECESSARY TO INSURE THE EDUCATIONAL AND ANCILLARY PLANTS OF THE SCHOOL DISTRICT Insurance premiums on district plants

PAYMENT OF COSTS OF LEASING RELOCATABLE EDUCATIONAL FACILITIES Leasing of portable classrooms for various facilities

PAYMENTS TO PRIVATE ENTITIES TO OFFSET THE COST OF SCHOOL BUSES PURSUANT TO S. 1011.71 (2) (i), F.S. Payments to public and private transportation companies for the transportation of students

PAYMENT OF COSTS OF OPENING DAY COLLECTION FOR LIBRARY MEDIA CENTER

All concerned citizens are invited to a public hearing to be held on July 29, 2015, at 5:05 P.M., at the Winona Webb Jordan Board Chambers of the Fulton-Holland Educational Center, 3300 Forest Hill Boulevard, West Palm Beach, Florida. A DECISION on the proposed CAPITAL OUTLAY TAXES will be made at this hearing.

Page 47

Required Local Effort (Including Prior Year 5.0140 0.7480 Funding Adjustment Millage) 0.2500 Operating or Capital NotLocal Capital Improvement (Capital Outlay) 1.5000 (Operating) to Exceed 2 YearsDiscretionary Capital Improvement Debt Service

TOTAL MILLAGE 7.5120GENERAL SPECIAL DEBT CAPITAL TOTAL ALL

ESTIMATED REVENUES: FUND REVENUE SERVICE PROJECTS FUNDS

Federal sources $6,167,000 $178,691,075 $3,258,963 $188,117,038

State sources 481,028,816 1,301,000 4,589,388 $10,087,480 497,006,684

Local sources 1,010,996,468 14,796,200 242,597,964 1,268,390,632

TOTAL SOURCES $1,498,192,284 $194,788,275 $7,848,351 $252,685,444 $1,953,514,354

Sale of Capital Assets

Loss Recoveries

Transfers In 98,242,888 154,278,943 252,521,831

Fund Balances/Reserves/Net Position 116,313,314 24,525,000 110,721,466 106,203,121 357,762,901

TOTAL REVENUES, TRANSFERS &

BALANCES $1,712,748,486 $219,313,275 $272,848,759 $358,888,565 $2,563,799,086

EXPENDITURES

Instruction $1,102,299,953 $46,369,354 $1,148,669,308

Student Personnel Services 46,683,594 11,446,685 58,130,279

Instructional Media Services 19,385,003 1,487 19,386,490

Instructional and Curriculum Development Services 34,829,101 17,812,767 52,641,868

Instructional Staff Training Services 9,109,808 27,942,550 37,052,359

Instruction Related Technology 8,972,481 85,064 9,057,545

Board 7,644,931 7,644,931

General Administration 6,802,001 3,115,433 9,917,434

School Administration 97,765,920 97,765,920

Facilities Acquisition and Construction 645,055 $106,366,734 107,011,789

Fiscal Services 6,222,706 6,222,706

Food Services 21,744 87,750,234 87,771,978

Central Services 14,765,371 779,963 15,545,334

Student Transportation Services 48,995,904 306,174 49,302,078

Operation of Plant 127,196,747 5,000 127,201,747

Maintenance of Plant 81,013,321 1,000 81,014,321

Administrative Technology Services 8,818,005 8,818,005

Community Services 41,426,840 41,426,840

Debt Services 150,000 $156,960,076 157,110,076

TOTAL EXPENDITURES $1,662,748,486 $195,615,709 $156,960,076 $106,366,734 $2,121,691,006

Transfers Out 252,521,831 252,521,831

Fund Balances/Reserves/Net Position 50,000,000 23,697,566 115,888,683 189,586,249

TOTAL APPROPRIATED EXPENDITURES

TRANSFERS, RESERVES & BALANCES $1,712,748,486 $219,313,275 $272,848,759 $358,888,565 $2,563,799,086

The tentative, adopted, and/or final budgets are on file in the office of the above mentioned taxing authority as a public record.

BUDGET SUMMARY

THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE SCHOOL DISTRICT OF PALM BEACH COUNTY ARE 3.1%

Discretionary OperatingAdditional Millage Not to Exceed 4 Years

FISCAL YEAR 2015 - 2016MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES.

PROPOSED MILLAGE LEVIESNOT SUBJECT TO 10-MILL CAP:

PROPOSED MILLAGE LEVIES SUBJECT TO 10-MILL CAP:

Page 48

REVENUE ($MILLIONS)Tentative % of

Revenue Total

Federal Sources $ 6.2 0.36%

State Sources 481.0 28.09%

Local Sources 1,011.0 59.02%

Transfer from Capital 98.2 5.74%

Fund Balance 116.3 6.79%TOTAL REVENUE $ 1,712.7 100.00%

APPROPRIATIONS ($MILLIONS)Tentative % of

Budget Total

Salaries & Benefits $ 1,222.7 71.39%

Purchased Services 250.1 14.60%

Energy Services 42.0 2.45%

Materials & Supplies 117.6 6.86%

Capital Outlay 4.0 0.24%

Other Expenses 26.3 1.54%

Sub-Total $ 1,662.7

Fund Balance 50.0 2.92%

TOTAL BUDGET $ 1,712.7 100.00%

The General Fund Operating Budget accounts for the day-to-day operation of school centers, area offices and central offices.Included are costs for employee salaries, fringe benefits, textbooks, supplies, equipment, utilities, and other expenses for thedirect operation of schools and departments for the fiscal year.

TENTATIVE 2015-2016 REVENUE & APPROPRIATIONSGENERAL FUND BUDGET

Federal Sources

<1%

State Sources28%

Local Sources59%

Transfer from Capital

6%

Fund Balance7%

2015-2016 Tentative Revenue

Salaries & Benefits

71%

Purchased Services

15%

Energy2%

Materials & Supplies

7%

Capital<1%

Other2% Fund Balance

3%

2015-2016 Tentative Appropriations

Page 49

Year-endFY 2014 FY 2016 Variance

2013-14 2014-15 2014-15 2015-16 Increase/Fourth Calc. Second Fourth Calc. Second Calc. Decrease

4/17/2014 Calculation 4/17/2015 7/16/2015 FY16 vs. FY151 K-12 Unweighted FTE's 180,284.81 181,379.80 183,446.91 186,422.85 2,975.94 2 K-12 Weighted FTE's (Funded) 197,823.77 198,050.23 201,437.75 204,954.58 3,516.83

Prevalence 1.097 1.092 1.098 1.099 0.0013 State Base Student Alloc (BSA) 3,752 4,032 4,032 4,154 123 4 District Cost Differential (DCD) 1.0326 1.0290 1.0290 1.0319 0.0029

5 Palm Beach County Schools BSA 3,875$ 4,149$ 4,149$ 4,287$ 138$

6 WTD FTE x BSA x DCD 766,492,921$ 821,649,272$ 835,703,047$ 878,635,561$ 42,932,514$ 7 ESE Guarantee 64,753,322 65,204,545 65,204,545 66,043,416 838,871 8 Supplemental Academic Instruction 34,389,540 34,651,002 34,651,002 35,355,377 704,375 9 Reading Instruction 8,536,863 8,496,351 8,565,235 8,636,823 71,588 10 Safe Schools 4,123,852 4,230,917 4,234,387 4,226,978 (7,409) 11 DJJ Supplement 246,756 335,334 319,392 310,523 (8,869) 12 Instructional Materials 14,611,564 14,516,518 14,705,403 15,010,609 305,206 13 Transportation 24,324,907 24,315,431 23,482,167 23,880,590 398,423 14 Digital Classrooms Allocation - 1,716,988 1,720,807 3,088,857 1,368,050 15 Teacher Supply 3,043,876 3,054,489 3,054,489 3,079,344 24,855 16 Proration to Available State Funds (3,460,775) (289,156) (7,061,393) (391,991) 6,669,402 17 Additional Funds 680,688 - - - - 19 Instructional Materials Scholarship Deductions (108,440) - (109,820) - 109,820 20 Virtual Education Contribution 45,250 - - - - 21 Teacher Salary Increases 33,305,823 - - - - 22 Federally Connected Student Supplement - - 4,750 4,750 23 Gross State and Local FEFP 950,986,147$ 977,881,691$ 984,469,261$ 1,037,880,837$ 53,411,576$

24 Less: Required Local Effort Taxes (675,691,187) (732,598,713) (732,598,713) (793,395,357) (60,796,644) 25 Total State FEFP 275,294,960$ 245,282,978$ 251,870,548$ 244,485,480$ (7,385,068)$

District Lottery/School Recognition26 Lottery - Discretionary 1,874,962 1,865,769 692,332 698,197 5,865 27 Lottery - School Recog. $ 8,436,400 8,436,400 10,584,702 10,584,702 - 28 Total Lottery/School Recognition 10,311,362$ 10,302,169$ 11,277,034$ 11,282,899$ 5,865$

Categorical Allocations29 Class Size Reduction 206,660,222 209,078,665 209,847,655 213,576,080 3,728,425 30 Total State Categorical Funding 206,660,222$ 209,078,665$ 209,847,655$ 213,576,080$ 3,728,425$

Local Funding31 Palm Beach County Tax Roll 138,661,344,906$ 150,103,001,478$ 150,103,001,478$ 165,191,584,364$ 15,088,582,886$ 32 Required Local Effort (RLE) 675,691,187 732,598,713 732,598,713 793,395,357 60,796,644 33 Prior Year Required Local Effort 1,597,379 1,729,187 1,729,187 1,744,423 15,236 34 Discretionary Funds (Basic) 96,774,526 107,785,963 107,785,963 118,620,773 10,834,810 35 Voted Funds - Operating 33,278,723 36,024,720 36,024,720 39,645,980 3,621,260 36 Total Local Funding 807,341,815$ 878,138,583$ 878,138,583$ 953,406,533$ 75,267,950$

37 TOTAL FUNDING 1,299,608,359$ 1,342,802,395$ 1,351,133,820$ 1,422,750,992$ 71,617,172$

Millage Rates38 Required Local Effort (RLE) 5.0760 5.0840 5.0840 5.0030 (0.0810)39 Prior Year RLE 0.0120 0.0120 0.0120 0.0110 (0.0010)40 Discretionary - Operating 0.7270 0.7480 0.7480 0.7480 0.0000 41 Voter Approved (FY 2012-2015) 0.2500 0.2500 0.2500 0.2500 0.0000 42 Total Millage 6.0650 6.0940 6.0940 6.0120 (0.0820)

Total Funds per Unweighted FTE 7,209$ 7,403$ 7,365$ 7,632$ 267$ 3.62%

* Excludes McKay Scholarships and prior year adjustments.

The School District Of Palm Beach County

Florida Education Finance Program (FEFP) Detail*

Page 50

General Fund - All Revenue

Fiscal Years 2012 to 2016

June 30, 2012 June 30, 2013 June 30, 2014 Fourth Calc Second Calc. Increase/

Year-End Year-End Year-End Current Projected (Decrease)

Federal Revenue FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY15 to FY16

Impact Fees 5,370$ 8,228$ 5,933$ 7,000$ 7,000$ -$

ROTC 814,344 885,374 971,892 1,000,000 800,000 (200,000)

Medicaid Reimbursement 5,714,119 6,226,325 7,269,649 7,200,000 5,360,000 (1,840,000)

Federal through State - 74,102 229,355 - - -

Sub-total 6,533,834$ 7,194,028$ 8,476,829$ 8,207,000$ 6,167,000$ (2,040,000)$

State Revenue for K-12 OperationsFEFP-FTE Generated (39,853,630)$ 44,890,479$ 121,620,329$ 96,058,929$ 84,852,963$ (11,205,966)$

ESE Block Grant 63,319,216 64,223,028 64,753,322 65,204,545 66,043,416 838,871

Supplemental Academic Instruction 32,634,321 33,967,290 34,389,540 34,651,002 35,355,377 704,375

Reading Instruction 6,349,064 8,438,856 8,536,863 8,565,235 8,636,823 71,588

Safe Schools 4,141,522 4,150,291 4,123,852 4,234,387 4,226,978 (7,409)

DJJ Supplement 298,198 274,597 246,756 319,392 310,523 (8,869)

Instructional Materials 13,609,594 13,743,805 14,503,124 14,595,583 15,010,609 415,026

Transportation 23,984,810 23,945,313 24,324,907 23,482,167 23,880,590 398,423

Teacher Supply 2,113,767 2,122,431 3,043,876 3,054,489 3,079,344 24,855

ESE McKay Scholarships (7,317,499) (8,436,448) (8,861,203) (9,521,131) (9,711,554) (190,423)

Digital Classrooms Allocation - - - 1,720,807 3,088,857 1,368,050

Merit Award Program 153,626 - - - - -

CO & DS 101,731 102,164 103,586 100,000 100,000 -

State License Tax 272,940 252,829 277,246 260,000 270,000 10,000

Discretionary Lottery 600,592 - 1,874,962 692,332 698,197 5,865

Class Size Reduction (categorical ) 202,703,933 206,593,660 207,018,100 209,847,655 213,576,080 3,728,425

School Recognition Funds 7,320,126 10,436,226 8,436,400 10,584,702 10,584,702 -

Other State Sources 416,617 602,999 426,538 300,000 300,000 -

Sub-total 310,848,928$ 405,307,520$ 484,818,198$ 464,150,094$ 460,302,905$ (3,847,189)$

State Revenue for Adult Education & VPKWorkforce Development 17,653,059$ 18,633,199$ 18,633,199$ 17,026,477$ 17,014,911$ (11,566)$

Workforce Development Incent Prog 175,275 162,569 - - - -

Adults With Disabilities 894,684 760,481 759,066 760,481 - (760,481)

Voluntary Pre-K Program 2,490,348 2,740,785 2,960,381 3,812,000 3,711,000 (101,000)

Sub-total 21,213,366$ 22,297,034$ 22,352,645$ 21,598,958$ 20,725,911$ (873,047)$

Local Revenue for K-12 OperationsTaxes, Required Local Effort (RLE) 727,641,760$ 677,530,422$ 678,258,226$ 734,498,713$ 793,895,357$ 59,396,644$

Taxes, Prior Year RLE - 2,937,438 1,597,379 1,729,187 1,744,423 15,236

Taxes, Discretionary - Basic 87,354,111 89,655,698 96,774,526 107,785,963 118,620,773 10,834,810 Taxes, Voter Approved - Operating (.25) 31,742,046 31,928,668 33,278,723 36,024,720 39,645,980 3,621,260

Payment in Lieu of Taxes 43,667 43,517 46,089 40,000 50,000 10,000

Rent 787,381 870,020 814,303 1,065,227 2,167,000 1,101,773

Interest Income 781,350 419,572 1,384,317 925,000 950,000 25,000

Gain on Sale of Investments 2,092,925 103,211 89,144 - - -

Gifts, Grants, Bequests 1,476,868 1,692,624 2,074,325 1,900,000 2,018,343 118,343

Miscellaneous Local Sources 18,082,250 17,476,185 15,721,439 14,362,460 12,139,592 (2,222,868)

Erate 4,445,474 1,302,841 5,381,495 7,700,000 3,700,000 (4,000,000)

Federal Indirect Costs 2,941,102 4,250,168 2,940,341 2,000,000 2,600,000 600,000

Food Service Indirect Costs 1,348,445 1,691,533 1,039,635 1,000,000 1,000,000 -

Sale of Capital Assets - - 100,068 4,900,000 - (4,900,000)

Loss Recoveries 3,428,868 4,109,444 5,057,784 2,000,000 - (2,000,000)

Sub-total 882,166,247$ 834,011,342$ 844,557,794$ 915,931,270$ 978,531,468$ 62,600,198$

Local Revenue - Fee ProgramsAdult General Ed. 559,877$ 641,275$ 691,322$ 600,000$ 600,000$ -$

GED Testing 153,669 218,809 162,538 140,000 120,000 (20,000)

Community School 891,430 861,564 783,806 875,000 700,000 (175,000)

Before/After School 167,904 156,673 181,096 150,000 165,000 15,000

Insurance - Student Athletics 688,496 753,482 745,657 700,000 540,000 (160,000)

Preschool Program 411,867 340,184 192,458 325,000 300,000 (25,000)

After School Program 24,348,842 25,858,183 30,998,254 29,960,377 30,040,000 79,623

Sub-total 27,222,084$ 28,830,171$ 33,755,131$ 32,750,377$ 32,465,000$ (285,377)$

Transfers In & Beginning Fund BalanceFrom Capital 79,072,398$ 83,171,586$ 88,680,759$ 95,125,307$ 98,242,888$ 3,117,581$

From Internal Service Fund Closeout (Maint.) 6,712,949 - 13,000,022 11,200,000 - (11,200,000)

Beginning Fund Balance 186,937,809 166,666,832 133,274,438 111,813,314 116,313,314 4,500,000

Sub-total 272,723,156$ 249,838,418$ 234,955,220$ 218,138,621$ 214,556,202$ (3,582,419)$

Total Sources 1,520,707,616$ 1,547,478,512$ 1,628,915,817$ 1,660,776,320$ 1,712,748,486$ 51,972,166$

Page 51

General FundRevenue and Appropriations


RevenueFY2013 FY2014

Adopted Amended Actual Adopted Amended ActualFederal Revenue 6,366,000$ 6,366,000$ 7,194,028$ 6,897,000$ 6,897,000$ 8,476,829$ State Revenue 425,928,192 426,911,963 427,604,553 499,332,469 506,773,030 507,170,843Local Revenue 848,270,309 848,532,445 858,732,069 865,601,275 865,481,763 873,155,073Incoming Transfers 82,845,643 84,102,703 83,171,586 89,686,277 88,986,741 101,680,782Other Financing Sources 4,109,444 5,157,852Beginning Fund Balance 166,666,832 166,666,832 166,666,832 133,274,438 133,274,438 133,274,438Total Revenue, Transfers, and Fund Balance 1,530,076,976$ 1,532,579,943$ 1,547,478,512$ 1,594,791,459$ 1,601,412,972$ 1,628,915,817$

AppropriationsState FY2013 FY2014

Function Adopted Amended Expenditures Adopted Amended ExpendituresInstructional Services 5000 963,383,884$ 955,105,834$ 906,196,582$ 1,008,610,382$ 1,011,666,568$ 986,845,927$

Support Services:Pupil Personnel 6100 41,546,303 41,877,510 39,450,739 44,632,562 44,683,418 43,397,000Media Services 6200 18,930,488 18,616,058 18,217,228 19,123,592 19,131,052 18,734,056Curr. Development 6300 28,488,761 31,438,402 32,173,719 32,142,396 33,623,430 33,983,902Instr. Staff Training 6400 12,385,104 13,119,264 11,936,349 12,655,839 14,578,765 13,709,565Instr. Rel. Technology 6500 5,780,510 5,826,003 5,153,251 8,997,173 9,243,665 8,163,059Board 7100 6,782,251 6,893,910 5,416,889 7,368,564 7,627,096 5,993,997General Admin. 7200 5,234,085 5,773,597 5,509,493 6,824,234 6,733,380 6,197,927School Admin. 7300 92,128,541 92,694,003 93,534,648 94,771,043 95,080,186 96,382,551Facilities Acq. & Constr. 7400 298,711 839,920 1,535,179 623,033 904,612 1,709,882Fiscal Services 7500 5,515,910 5,800,743 5,554,094 6,037,574 6,135,593 5,775,373Food Service 7600 48,570 36,748 8,787 64,588 57,251Central Services 7700 14,882,896 14,427,576 13,486,447 13,964,095 14,620,239 14,136,815Pupil Transportation 7800 43,394,293 45,276,378 45,907,543 46,975,717 47,178,305 46,600,112Operations of Plant 7900 126,658,024 128,076,698 124,609,190 126,637,287 127,492,434 124,506,877Maintenance of Plant 8100 67,789,497 68,737,293 64,251,217 74,809,789 71,488,146 67,402,584Admin Technology Serv 8200 8,158,176 8,245,800 7,445,529 6,592,865 6,592,865 6,237,637Community Services 9100 37,376,093 37,919,749 33,448,264 37,394,557 37,624,015 35,474,205Debt Service 9200 150,000 141,971 53,411 121,971 121,971 49,450

1,478,883,527$ 1,480,859,278$ 1,413,916,518$ 1,548,291,459$ 1,554,590,326$ 1,515,358,171$

Total Transfers 9700 80,500 607,716 287,557 322,646 45,319

Reserves & Ending Fund Balance 51,112,949 51,112,949 133,274,438 46,500,000 46,500,000 113,512,327

Total Expenditures, Transfers and Fund Balance 1,530,076,976$ 1,532,579,943$ 1,547,478,512$ 1,594,791,459$ 1,601,412,972$ 1,628,915,817$

Total Instructional and Support Services

Page 52

General FundRevenue and Appropriations


Revenue FY2016FY2015 Estimated

Adopted Amended Actual RevenueFederal Revenue 8,207,000$ 8,207,000$ 6,167,000$ State Revenue 477,884,343 485,749,052 481,028,816Local Revenue 941,427,865 941,781,647 1,010,996,468Incoming Transfers 106,325,307 106,325,307 98,242,888Other Financing Sources 6,900,000 6,900,000Beginning Fund Balance 113,512,327 111,813,314 116,313,314Total Revenue, Transfers, and Fund Balance 1,654,256,842$ 1,660,776,320$ -$ 1,712,748,486$

Appropriations FY2016State FY2015 Proposed

Function Adopted Amended Expenditures AppropriationsInstructional Services 5000 1,057,314,959$ 1,056,591,703$ 1,102,299,953$

Support Services:Pupil Personnel 6100 45,635,931 45,747,536 46,683,594Media Services 6200 19,214,171 18,923,683 19,385,003Curr. Development 6300 31,822,601 34,005,901 34,829,101Instr. Staff Training 6400 9,983,228 11,008,867 9,109,808Instr. Rel. Technology 6500 9,014,512 8,926,172 8,972,481Board 7100 7,160,913 7,339,027 7,644,931General Admin. 7200 6,507,767 6,492,330 6,802,001School Admin. 7300 95,278,852 96,477,852 97,765,920Facilities Acq. & Constr. 7400 633,856 880,300 645,055Fiscal Services 7500 5,976,380 6,074,870 6,222,706Food Service 7600 21,738 92,905 21,744Central Services 7700 14,706,374 15,500,879 14,765,371Pupil Transportation 7800 46,521,087 47,573,950 48,995,904Operations of Plant 7900 126,533,126 127,704,934 127,196,747Maintenance of Plant 8100 77,955,854 77,890,714 81,013,321Admin Technology Serv 8200 8,131,417 7,994,154 8,818,005Community Services 9100 43,515,104 43,124,703 41,426,840Debt Service 9200 121,971 121,971 150,000

1,606,049,842$ 1,612,472,453$ -$ 1,662,748,486$

Total Transfers 9700 7,000 103,867

Reserves & Ending Fund Balance 48,200,000 48,200,000 50,000,000

Total Expenditures, Transfers and Fund Balance 1,654,256,842$ 1,660,776,320$ -$ 1,712,748,486$

*FY 2015 Actual numbers will be available August 15 and will be included in the Final Adoption book.

Total Instructional and Support Services

Page 53

General Fund Appropriations

Five Year HistoryA2Line

Run-Time: 07/06/2015 at 04:12 PM A3Line

Expend. FTE A4Line Budget Expend. % Chg. FTE Budget % Chg. Expend. FTE

District K-12 Appropriations A5Line

Schools: A6Line

Elementary 461,575,650$ 7,823.9 A7Line 480,931,301$ 460,980,690$ 7,779.3 486,430,727$ 482,392,751$ 7,889.2

Middle 191,180,276 3,101.6 A8Line 203,841,230 193,756,213 3,199.2 200,695,234 200,652,007 3,161.6

High 249,773,553 3,833.5 A9Line 263,250,326 254,561,829 3,895.2 268,667,522 270,750,052 3,954.7

Virtual 1,820,090 17.5 A10Line 2,791,160 2,047,049 19.0 3,097,374 2,949,908 21.0

Education Alternatives 14,377,015 217.3 A11Line 14,559,069 13,561,299 205.2 14,800,520 14,395,469 207.4

ESE Centers 11,451,868 211.6 A12Line 10,876,926 10,867,590 201.3 10,843,862 11,571,212 205.1

Exceptional Student Ed OTS 11,520,584 71.9 A13Line 33,381,515 32,631,359 333.9 34,489,425 35,234,284 392.9

School Recognition 7,390,772 - A14Line 11,038,060 10,378,256 - 9,096,203 8,419,155 -

Instructional Materials 12,449,759 - A16Line 12,893,616 11,017,911 - 16,681,503 14,657,750 -

Teacher Supply 2,112,017 - A17Line 2,027,661 2,007,335 - 2,850,086 2,821,480 -

Sub-total Schools 963,651,583 15,277.4 A18Line1,035,590,865 991,809,531 3% 15,633.2 1,047,652,456 1% 1,043,844,048 15,831.9

A19Line

A20Line

Departments: A21Line

Governance 7,861,878 93.8 A22Line 9,175,366 8,353,304 89.8 9,514,048 8,494,754 94.6

Chief Officer of Administration 161,689 - A23Line - - - - - -

Chief Academic Officer 50,155,540 512.5 A24Line 53,577,946 49,225,093 500.5 59,235,657 56,579,755 510.2

Chief Operating Officer 76,497,028 1,383.7 A25Line 79,036,500 78,129,958 1,380.6 82,397,928 81,133,976 1,423.6

A26Line

Sub-total Departments 134,676,136 1,989.9 A27Line 141,789,812 135,708,354 1% 1,970.8 151,147,633 7% 146,208,486 2,028.5

A28Line

A29Line

District-Wide Items / Reserves A30Line

Contingency Fund - - A31Line 44,400,000 - - 46,500,000 - -

Countywide Telephone 5,807,801 - A32Line 5,880,000 5,741,758 - 4,359,191 4,359,191 -

District Earmarks 4,715,688 21.5 A33Line 14,050,283 9,836,928 - 32,131,821 4,497,504 22.5

Early Retirement 54,863 - A35Line 40,000 14,600 - 40,000 16,200 -

Employees on Leave 2,463 67.9 A36Line 3,756 3,756 - - 4,002 63.3

Hurricane Prep & Recovery - - A37Line - - - - - -

Insurance 12,933,139 - A38Line 4,954,028 4,513,982 - 2,788,100 2,573,602 -

Inventory Reserve 78,133 - A39Line 500,000 32,028 - 500,000 228,812 -

External Investigations - - A40Line - - - 150,000 47,443 -

Merit Program 135,786 - A41Line - - - - - -

Performance Pay Reserve 120,622 - A42Line 139,274 139,304 - - - -

Tax Anticipation Note Issue 128,358 - A43Line 229,921 132,865 - 211,471 135,929 -

Terminal Leave / Annual Leave Payoff 13,780,431 - A44Line 15,259,093 15,265,913 - 14,104,312 16,200,174 -

Utilities 40,242,694 - A45Line 41,280,168 39,153,064 - 40,747,691 40,747,691 -

Water Control District 545,064 - A46Line 300 300 - - - -

Sub-total District Wide 78,545,042 89.4 A48Line 126,736,824 74,834,499 -5% - 141,532,586 12% 68,810,548 85.8

A49Line

A50Line

A51Line

Capital Maintenance 62,249,740 610.5 A52Line 80,181,952 74,920,266 20% 608.5 83,492,981 4% 79,065,777 598.2

A53Line

A54Line

Transfers Out - Capital Projects - - A55Line 287,557 287,557 - 228 228 -

A56Line

Total District K-12 Appropriations 1,239,122,502 17,967 A57Line1,384,587,009 1,277,560,208 3% 18,212.5 1,423,825,884 3% 1,337,929,087 18,544.3

A58Line

Charter Schools A59Line

FEFP Allocation 65,044,839 - A60Line 80,192,670 79,982,077 - 112,821,606 112,601,201 -

Charter School Capital Outlay 2,745,499 - A61Line 2,991,503 2,991,503 - 5,188,644 5,188,644 -

Total Charter Schools 67,790,338 - A62Line 83,184,173 82,973,580 22% - 118,010,250 42% 117,789,845 -

A63Line

District Non-FEFP Funded Appropriations A64Line

VPK 3,896,228 74.6 A65Line 5,227,989 4,097,475 80.2 5,542,204 4,541,809 86.0

Childcare / Enrichment 21,462,281 188.9 A66Line 30,812,935 24,469,629 241.3 32,971,890 26,304,628 250.1

Adult Education and Community Schools 11,535,776 98 A67Line 29,963,595 13,766,401 116.7 34,262,792 16,525,020 119.8

Adults with Disabilites 894,684 - A68Line 760,481 760,481 - 759,066 759,066 -

Misc Local Funds 9,313,035 16.5 A69Line 12,942,332 10,576,302 13.3 13,543,731 11,554,034 17.2

Total District Non-FEFP Funded Appropriations 47,102,005 377.9 A70Line 79,707,331 53,670,287 14% 451.4 87,079,682 9% 59,684,558 473.1

A71Line

A72Line

Total General Fund Appropriations 1,354,014,844$ 18,345.1 A73Line1,547,478,512$ 1,414,204,074$ 4% 18,663.9 1,628,915,817$ 5% 1,515,403,490$ 19,017.4

A74Line

FY 2014FY 2012 FY 2013

Page 54


Five Year History

Run-Time: 07/06/2015 at 04:12 PM

District K-12 Appropriations

Schools:

Elementary

Middle

High

Virtual

Education Alternatives

ESE Centers

Exceptional Student Ed OTS

School Recognition

Instructional Materials

Teacher Supply

Sub-total Schools

Departments:

Governance

Chief Officer of Administration

Chief Academic Officer

Chief Operating Officer

Sub-total Departments

District-Wide Items / Reserves

Contingency Fund

Countywide Telephone

District Earmarks

Early Retirement

Employees on Leave

Hurricane Prep & Recovery

Insurance

Inventory Reserve

External Investigations

Merit Program

Performance Pay Reserve

Tax Anticipation Note Issue

Terminal Leave / Annual Leave Payoff

Utilities

Water Control District

Sub-total District Wide

Capital Maintenance

Transfers Out - Capital Projects

Total District K-12 Appropriations

Charter Schools

FEFP Allocation

Charter School Capital Outlay

Total Charter Schools

District Non-FEFP Funded Appropriations

VPK

Childcare / Enrichment

Adult Education and Community Schools

Adults with Disabilites

Misc Local Funds

Total District Non-FEFP Funded Appropriations

Total General Fund Appropriations

Budget % Chg. Expend. FTE Budget FTE Budget FTE

487,887,333$ 395,722,644$ 7,717.2 498,461,279$ 7,666.7 10,573,947$ (50.4)

200,702,173 162,429,010 3,092.7 197,894,577 3,005.9 (2,807,596) (86.7)

279,652,947 225,073,039 3,998.6 274,816,115 3,995.9 (4,836,832) (2.7)

3,104,029 1,799,028 23.0 3,088,274 23.0 (15,755) -

15,010,702 11,801,107 204.5 14,601,526 206.4 (409,176) 1.9

11,164,656 9,512,642 203.0 10,537,755 202.0 (626,901) (1.0)

40,199,657 32,590,807 488.0 38,962,044 463.0 (1,237,612) (25.0)

11,261,753 12,008,089 - 10,584,702 - (677,051) -

14,599,621 12,862,830 - 13,564,271 - (1,035,350) -

2,815,100 2,800,950 - 3,079,344 - 264,244 -

1,066,397,970.5 2% 866,600,146.6 15,726.9 1,065,589,887 15,562.9 (808,083) (164.0)

10,121,048 8,700,627 95.0 10,241,189 94.8 120,141 (0.2)

- - - - - - -

55,138,732 46,229,806 507.1 52,715,485 489.6 (2,423,247) (17.5)

83,617,908 76,159,993 1,478.3 84,450,891 1,502 832,983 23.8

148,877,688.3 -2% 131,090,426.6 2,080.4 147,407,566 2,086.5 (1,470,123) 6.1

48,200,000 - - 50,000,000 - 1,800,000 -

4,787,958 4,744,315 - 4,787,958 - - -

8,413,342 3,816,307 24.5 40,192,056 16.0 31,778,714 (8.5)

40,000 - - 40,000 - - -

- 1,343 88.3 - 70.3 - (18.0)

- - - - - - -

3,172,497 2,560,707 - 2,822,850 - (349,647) -

500,000 - - 500,000 - - -

31,346 17,817 - - - (31,346) -

- - - - - - -

116,650 127,935 - 125,650 - 9,000 -

211,471 99,590 - 241,000 - 29,529 -

15,704,312 4,998,177 - 15,706,179 - 1,867 -

40,747,691 36,369,505 - 40,747,691 - - -

- - - - - - -

121,925,267.3 -14% 52,735,695.9 112.8 155,163,384 86.3 33,238,116 (26.5)

89,655,738 7% 72,105,551 587.1 92,772,778 578.8 3,117,040 (8.3)

103,867 54,582 - - - (103,867) -

1,426,960,532 0% 1,122,586,403 18,507 1,460,933,615 18,314.5 33,973,083 (192.7)

140,332,645 122,866,966 - 158,770,000 - 18,437,355 -

5,470,110 3,778,964 - 5,470,110 - - -

145,802,755.5 24% 126,645,930.2 - 164,240,110 - 18,437,355 -

6,732,394 4,398,157 95.9 7,354,343 97.1 621,949 1.3

32,066,063 24,297,210 250.9 31,801,000 252.9 (265,063) 2.0

34,284,813 14,962,827 118.1 36,213,420 115.1 1,928,607 (3.0)

760,481 592,541 - - - (760,481) -

14,169,281 11,048,129 17.8 12,205,998 10.6 (1,963,283) (7.2)

88,013,033 1% 55,298,864 483 87,574,761 475.7 (438,272) (6.9)

1,660,776,320$ 2% 1,304,531,197$ 18,989.9 1,712,748,486$ 18,790.2 51,972,166$ (199.6)

Proposed 2016 Increase/(Decrease)FY 2015

Page 55


FY 2016 School Appropriations by Function and Program

Core Allocation

Function Function Descr Elementary Middle High Alternative ESE Ctr. Total

5101 Basic K-3 170,140,257$ 170,140,257$

5102 Basic 4-8 69,821,256 96,548,609$ 1,055,120$ 1,625,500$ 390,828$ 169,441,313

5103 Basic 9-12 395,330 125,463,314 2,334,773 128,193,417

5108 Jr. ROTC 1,688,960 1,688,960

5114 Fine Arts-Art 7,060,577 7,060,577

5117 Fine Arts-Music 7,306,373 7,306,373

5118 Fine Arts-PE 8,629,045 8,629,045

5130 ESOL 19,052,673 4,605,013 6,227,098 58,968 29,943,752

5150 General K-12 Classroom 83,009 83,359 166,368

5160 Substitutes 3,825,859 1,399,726 2,018,472 57,307 76,596 7,377,960

5161 Substitute for ESE Para's 273,699 76,088 101,396 82,303 533,486

5170 Year Round Supplements 2,337,481 2,167,163 2,151,448 49,891 39,301 6,745,284

5206 Hearing Impaired 585,072 195,024 195,024 65,008 1,040,128

5207 Vision 65,008 65,008

5213 Gifted 21,510,240 3,380,416 24,890,656

5220 Low Incidence 9,862,160 4,070,572 4,761,410 1,330,206 20,024,348

5221 Varying Exceptionalities 19,338,164 10,974,744 11,828,248 989,857 433,303 43,564,316

5223 Emotional/Behavior Disabled 2,868,992 2,035,286 2,027,438 1,752,758 8,684,474

5224 Intellectually Disabled 3,086,504 2,527,845 4,307,389 2,052,805 11,974,543

5225 Pre-K ESE 12,719,514 359,224 1,589,550 14,668,288

5310 Vocational 6-12 13,498,796 390,048 358,444 14,247,288

5970 Seasonal Supplements 661,812 1,213,495 5,078,409 44,545 4,683 7,002,944

6112 Attendance and Social Work 2,127,928 604,525 92,819 2,825,272

6122 Guidance Counselors 7,414,648 4,617,083 7,992,676 571,999 139,816 20,736,222

6123 ESOL Guidance Counselors 2,796,320 489,356 1,188,436 4,474,112

6132 Health Services 15,000 502,500 72,374 589,874

6142 Psychological Services 95,687 95,687

6152 Parental Involvement 985 32,619 33,604

6192 Other Pupil Personnel Services 279,606 279,606

6202 Instructional Media Services 9,258,749 3,197,725 2,949,291 63,994 106,170 15,575,929

6303 ESE Contacts 5,829,596 2,468,631 2,030,998 316,720 256,455 10,902,400

6304 ESOL Contacts 3,222,401 899,484 974,441 5,096,326

6312 Crisis Intervention 593,684 593,684

6402 Instructional Staff Training 1,046,132 373,841 570,571 16,373 86,892 2,093,809

7310 School Administration 39,478,466 20,621,941 18,159,914 1,973,651 817,132 81,051,104

7802 Student Transportation 450 450

7803 Field/Activity Trips 69,000 69,000

7902 Operation Of Plant 20,662,649 9,060,397 12,387,631 789,434 420,357 43,320,468

7922 Security 108,962 2,413,096 2,864,428 455,865 5,842,351

9110 Community Services 33,638 33,638

Subtotal Core Allocation 451,519,853$ 173,940,060$ 230,451,632$ 10,762,044$ 10,328,732$ 877,002,321$

Page 56


FY 2016 School Appropriations by Function and Program

Additional Program Resources Allocation

Program Program Descr Elementary Middle High Alternative ESE Ctr. Total

3005 Extended Day 1 Hr 9,030,027$ 9,030,027$

3006 Extended Day 1/2 Hr 365,399 365,399

3011 Class Size Reduction 3,522,404$ 21,260$ 3,543,664

3012 Instructional Tech Sprt Asst 3,897,816 37,479$ 3,935,295

3018 Dual Language Teachers 1,042,528 65,158 65,158 1,172,844

3020 In School Suspension 15,751 508,850 418,796 88,207$ 1,031,604

3025 SAI Categorical 7,085,872 7,085,872

3026 Middle School Course Recovery 20,000 1,010,000 20,000 29,500 1,079,500

3029 Credit Recovery Program 15,945 722,840 738,785

3030 Magnet Program 4,320,729 2,970,256 7,756,360 15,047,345

3031 Montessori 49,296 49,296

3035 Gender Equity 5,000 66,000 230,000 10,000 311,000

3040 School Improvement 5,349 5,349

3062 K-12 Reading Initiative CRRP 790,801 143,782 143,782 1,078,365

3065 Advanced Placement/IB 4,000 11,086,576 11,090,576

3069 Industry Certification 187,641 2,968,177 3,155,818

3078 Vocational-Middle Sch 65,983 5,353,968 5,419,951

3079 Above Formula 594,709 397,165 1,722,442 455,056 3,169,372

3080 Trade Offs 4,476,653 3,384,091 11,550,292 19,411,036

3085 RooseveltLdshpAcadForYoungMen 325,040 325,040

3086 Juvenile Justice (DJJ) 1,602,920 1,602,920

3418 Milestone Program 496,314 496,314

3450 Safe Schools 1,133,689 1,133,689

3503 Summer Pilot for Sunrise Park 1,500 1,500

9034 ESE OTS 167,578 167,578

9134 SLP's-ESE 52,360 9,440 8,740 70,540

9264 Staff Development 216,538 84,678 88,425 23,796 3,966 417,403

9571 Americans W/Disabilities Act 148,556 83,944 49,965 282,465

9904 504 Accommodations 246,062 27,505 721 274,288

Subtotal Add'l Program Resources Allocation 32,445,525$ 18,145,271$ 36,853,534$ 3,839,482$ 209,023$ 91,492,835$

Total District K-12 School Appropriations 483,965,378$ 192,085,331$ 267,305,166$ 14,601,526$ 10,537,755$ 968,495,156$

Virtual Schools 3,088,274

School Recognition 10,584,702

ESE OTS 38,962,044

Instructional Materials 13,564,271

Teacher Supplies 3,079,344

Salary & Count Day Reserves 27,816,096

97,094,731$

Total Budgets 1,065,589,887$

Page 57

GENERAL FUND APPROPRIATIONSCOMPARISON OF FY 2015 TO FY 2016

Instructional 64%

Instructional Support7%

Central Support17%

Administrative Support

7%

Community Services2%

Contingency3%

Fiscal Year 2015

Instructional64%

Instructional Support7%

Central Support17%

Administrative Support

7%

Community Services2%

Contingency3%

Fiscal Year 2016

Page 58

FY 2015 FY 2016State Amended 5/31/15 Proposed Increase/

Category * Function Appropriations Appropriations (Decrease)

Instruction Instruction 5000 1,056,591,703$ 1,102,299,953$ 45,708,250$ *Total Instruction: 1,056,591,703$ 1,102,299,953$ 45,708,250$

Instructional Support Services

Student Personnel Services 6100 45,747,536$ 46,683,594$ 936,059$ Instructional Media Services 6200 18,923,683 19,385,003 461,319 Instruction & Curriculum Dev. Serv. 6300 34,005,901 34,829,101 823,200 Instructional Staff Training Services 6400 11,008,867 9,109,808 (1,899,059) * Instruction Related Technology 6500 8,926,172 8,972,481 46,309 Total Instructional Support Services: 118,612,159$ 118,979,988$ 367,829$

Central Support Services

Facilities Acquisition & Construction 7400 880,300 $645,055 (235,245)$ Fiscal Services 7500 6,074,870 6,222,706 147,836 Food Services 7600 92,905 21,744 (71,161) Central Services 7700 15,500,879 14,765,371 (735,508) Student Transportation Services 7800 47,573,950 48,995,904 1,421,954 Operation of Plant 7900 127,704,934 127,196,747 (508,187) Maintenance of Plant 8100 77,890,714 81,013,321 3,122,607 * Admin Technology Services 8200 7,994,154 8,818,005 823,851 Debt Service 9200 121,971 150,000 28,029 Total Central Support Services: 283,834,678$ 287,828,853$ 3,994,175$

Administrative Support Services

Board 7100 7,339,027 $7,644,931 305,904$ General Administration 7200 6,492,330 6,802,001 309,670 School Administration 7300 96,477,852 97,765,920 1,288,068 Total Administrative Support Services: 110,309,209$ 112,212,852$ 1,903,643$

Community Services

Community Services 9100 43,124,703 41,426,840 (1,697,864)Total Community Services: 43,124,703$ 41,426,840$ (1,697,864)

Countywide Reserves/Transfers

Board Contingency Fund 2700 48,200,000$ $50,000,000 1,800,000$ * Reserve for Future Years 2700 - - -

Transfers Out 9700 103,867 - (103,867) Total Countywide Reserves/Transfers: 48,303,867$ 50,000,000$ 1,696,133$

GRAND TOTAL 1,660,776,320$ 1,712,748,486$ 51,972,166$

*

GENERAL FUND APPROPRIATIONSCOMPARISON OF FY 2015 TO FY 2016

Descriptions of these functional areas as defined by the State Department of Education's Financial and Program Cost Accountingmanual ("Red Book") are on the following pages. Variations greater than one tenth of one percent of the total budget, (.1% *$1,712,748,486 = $1,712,748, are also explained.

Page 59


Definition of Functions and Explanation of Variances Between Fiscal Years 2015 and 2016

The following pages explain the different functional areas in which the school district accounts for its operations. The descriptions are from the Florida Department of Education’s “Redbook”. The bold face type indicates explanations of variances greater than one tenth of one percent ($1,712,748) when comparing the FY 2015 budget to FY 2016 tentative budget. The overall increase from the FY 2015 budget to the FY 2016 tentative budget is $51,972,166. 5000 Instruction. Instruction includes the activities dealing directly with the teaching of pupils,

or the interaction between teacher and pupils. Included here are the activities of aides or assistants of any type which assist in the instructional process. Instruction encompasses the following: 5100 Basic (FEFP K-12), 5200 Exceptional, 5300 Vocational-Technical, 5400 Adult General, 5500 Pre-kindergarten and 5900 Other Instruction.

The $45.7 million increase to instruction is a result of the opening of six charter schools and related increase in charter school projected enrollment, and a reserve set aside for salary increases.

6000 Instructional Support Services. Provides administrative, technical (such as guidance

and health), and logistical support to facilitate and enhance instruction. Instructional Support Services encompasses the following:

6100 Student Personnel Services. Those activities which are designed to assess and

improve the well being of pupils and to supplement the teaching process. Pupil Personnel Services encompasses the following: Attendance and Social Work; Guidance Services; Health Services; Psychological Services; Parental Involvement; and Other Pupil Personnel Services

6200 Instructional Media Services. Consists of those activities concerned with the use

of all teaching and learning resources, including hardware and content materials.

6300 Instruction and Curriculum Development Services. Activities designated to aid teachers in developing the curriculum, preparing and utilizing special curriculum materials, and understanding and appreciating the various techniques which stimulate and motivate pupils. Included in this function are the following instructional support specialists: primary, technology, learning resource, and behavioral.

6400 Instructional Staff Training Services. Activities designed to contribute to the professional or occupational growth and competence of members of the instructional staff during the time of their service to the school board or school. Among these activities are workshops, demonstrations, school visits, courses for college credits, sabbatical leaves, and travel leaves.

Page 60



The decrease is due to the carryover reserve for miscellaneous local revenue not yet being distributed.

6500 Instruction Related Technology. Technology activities and services for the

purpose of supporting instruction. These activities include expenditures for internal technology support as well as support provided by external vendors using operating funds. These activities include costs associated with the administration and supervision of technology personnel, systems planning and analysis, systems application development, systems operations, network support services, hardware maintenance and support services, and other technology-related costs that are related to the support of instructional activities. Specifically, costs associated with the operation and support of computer learning labs, media center computer labs, instructional technology centers, instructional networks, and similar operations should be captured in this code.

7000 General Support Services. Consist of those activities concerned with establishing policy,

operating schools and the school system, and providing the essential facilities and services for the staff and pupils.

7100 Board. Consists of the activities of the elected or appointed body which has

been created according to state law and vested with responsibilities for educational activities in a given administrative unit. Also included here are expenses of Board Attorney and other legal services, independent auditors, internal auditors that report directly to the Board, negotiators, lobbyists, etc.

7200 General Administration (Superintendent’s Office). Consists of those activities

performed by the superintendent and assistant superintendents in general direction and management of all affairs of the school system. This includes all personnel and materials in the office of the superintendent.

7300 School Administration (Office of the Principal). Consists of those activities

concerned with directing and managing the operation of a particular school. It includes the activities performed by the principal, assistant principal and other assistants in general supervision of all operations of the school, evaluations of staff.

7500 Fiscal Services. Consists of those activities concerned with fiscal operation of

the school system. This function includes budgeting, receiving and disbursing cash, financial accounting, payroll, inventory control, and internal auditing.

7600 Food Services. Activities concerned with providing food to students and staff in a

school or school system. This function includes the preparation and service of regular and incidental meals, lunches, and snacks in connection with school activities and the delivery of food. Food purchased and served outside the school district’s defined food services program must be charged as a purchased service of the applicable function.

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7700 Central Services. Activities, other than general administration, which support

each of the other instructional and supporting services programs. These activities are defined in the following sub-functions: 7710 Planning, Research, Development, and Evaluation Services; 7720 Information Services; 7730 Staff Services; 7740 Statistical Services; 7760 Internal Services; and 7790 Other Central Services.

7800 Student Transportation Services. Consists of those activities which have as their

purpose the conveyance of pupils to and from school activities, either between home and school, school and school, or on trips for curricular or co-curricular activities.

7900 Operation of Plant. Consists of activities concerned with keeping the physical

plant open and ready for use. Major components of this function are utilities, including telephone service, custodial costs, and insurance costs associated with the school buildings. Includes cleaning, disinfecting, heating, moving furniture, caring for grounds, security and other such activities that are performed on a daily, weekly, monthly or seasonal basis.

8100 Maintenance of Plant. Consists of activities that are concerned with keeping the grounds, buildings, and equipment at an acceptable level of efficiency through repairs or preventative maintenance. An increase in capital maintenance transfer expenditures to complete ongoing projects accounts for the increase to this category.

8200 Administrative Technology Services. Technology activities that support the school district’s information technology systems, including support of the administrative networks, maintenance of administrative information systems, and administrative and managerial data processing. These activities include expenditures for internal technology support, as well as support provided by external vendors using operating funds. These activities include costs associated with the administration and supervision of technology personnel, systems planning and analysis, systems application development, systems operations, network support services, hardware maintenance and support services, and other technology-related administrative costs.

9100 Community Services. Community Services consist of those activities that are not related

to providing education for pupils in a school system. These include services provided by the school system for the community as a whole or some segment of the community, such as community recreation programs, civic activities, public libraries, programs of custody and care of children, and community welfare activities.

9200 Debt Service. Expenditures for the retirement of debt and expenditures for interest on debt including interest on current loans.

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9700 Transfer of Funds. These are budgeted transactions which withdraw money from one

fund and place it in another fund within the same government reporting entity.

2700 Ending Fund Balance. The excess of total projected revenue and beginning fund balance over the total appropriations. This ending fund balance may be classified as non-spendable, restricted, committed, assigned or unassigned. The contingency fund is classified as unassigned fund balance. Board Policy 2.55 requires a contingency fund of 3% of total annual General Fund Appropriations and transfers.

The Contingency fund increased $1.8 million to comply with Board Policy 2.55.

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REVENUE ($MILLIONS)

Tentative % of

Revenue Total

CO & DS Distributed $ 1.2 0.33%

Public Educ Capital Outlay 3.4 0.95%

Charter School Capital Outlay 5.5 1.53%

Millage 237.8 66.27%

Interest 0.8 0.22%

Impact Fees 4.0 1.11%


TOTAL REVENUE $ 358.9 100.00%

APPROPRIATIONS ($MILLIONS)

Tentative % of

` Budget Total

Buildings & Fixed Equip. $ 47.1 13.12%

Furniture, Fixtures, & Equip. 12.2 3.40%

Remodeling & Renovations 21.3 5.93%

Land 0.8 0.22%

Motor Vehicles 18.8 5.24%

Improvements 2.7 0.75%

Computer Software 3.4 0.95%

Dues & Fees 0.1 0.03%

Transfers Out 252.5 70.36%

TOTAL BUDGET $ 358.9 100.00%

CAPITAL PROJECTS FUNDS

The Capital Budget accounts for the financial resources that the district uses for acquisition or construction of major capital facilities

and improvements to existing facilities. Land acquisition, equipment purchases, buses, maintenance and capital debt service are

also accomplished with these funds.

TENTATIVE 2015-2016 REVENUE & APPROPRIATIONS

Buildings & Fixed Equip.13%

Furniture, Fixtures, & Equip.

4%

Remodeling & Renovations

3%

Land<1%

Motor Vehicles

3%

Improvements1%

Computer Software

<1% Dues & Fees>1%

Transfers Out70%


CO & DS Distributed

<1%

Public Educ Capital Outlay

1%

Charter School Capital Outlay

2%

Millage66%

Interest<1%

Impact Fees<1%

Fund Balance30%


Page 64

REVENUE ($MILLIONS)

Tentative % of

Revenue Total

Federal through State $ 71.2 63.91%


Local Sources 14.7 13.20%




Tentative % of

Budget Total

Salaries & Benefits $ 33.6 30.16%






Subtotal $ 87.7 78.73%


TOTAL BUDGET $ 111.4 100.00%


SPECIAL REVENUE - FOOD SERVICE FUND

Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than major capital

projects) that are legally restricted or committed to expenditures for specific purposes. This particular fund is for school

food service. Revenue is received from federal, state, and local sources to provide for the operation and maintenance of

school meal programs. Funds are appropriated to provide for district-wide school cafeteria operation.

Federal through State64%

State Sources1%

Local Sources13%

Fund Balance22%


Salaries & Benefits

30%

Purchased Services

9%

Energy Services2%


33%

Capital Outlay3%

Other Expenses2%

Fund Balance21%


Page 65

REVENUE ($MILLIONS)

Tentative % of

Revenue Total

IDEA $ 39.0 36.15%

Title I 55.4 51.34%

Federal Direct 0.4 0.37%

Vocational Education Acts 1.8 1.67%

Federal through Local 0.1 0.09%

Misc Federal Through State 10.8 10.01%

State 0.3 0.28%

Local Sources 0.1 0.09%



Tentative % of

Budget Total

Salaries & Employee Benefits $ 81.7 75.72%






TOTAL BUDGET $ 107.9 100.00%


SPECIAL REVENUE - OTHER FUNDS

Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than major capital

projects) that are legally restricted or committed to expenditures for specific purposes. Revenue for this fund is

primarily from federal sources and is to provide for specific educational programs administered by the School Board.

IDEA36%

Title I51%

Federal Direct<1%

Vocational Education

Acts2%

Federal through Local

<1%Misc Federal

Through State10%

Local Sources<1%

LocalSources

<1%


Salaries & Employee Benefits

76%

Purchased Services

12%

Energy Services

<1%


6%

Capital Outlay2%

Other Expenses

4%


Page 66

REVENUE ($MILLIONS)

Tentative % of

Revenue Total

Federal Direct Sources $ 3.3 1.21%


Transfers In 154.3 56.54%




Tentative % of

Budget Total

SBE & COBI Bonds $ 4.9 1.80%

Other Debt Service 152.1 55.73%


TOTAL BUDGET $ 272.9 100.00%


DEBT SERVICE FUNDS

Debt Service Funds are used to account for the accumulation of resources for, and payment of, general long-term debt

principal and interest. Revenue for this fund is comprised of the Interest and Sinking Ad Valorem Tax Levy, Bonds and

Loans. CO&DS withheld for SBE/COBI Bonds are bonds and revenue certificates issued by the State Board of Education for

the school district. This debt is retired through both the Debt Service Fund and the Capital Projects Fund. Monies are

appropriated for the retirement of debt and the interest expense related to that debt.

Federal Direct Sources

1%

State Sources 2%

Transfers In 56%

Fund Balance 41%


SBE & COBI Bonds

2%

Other Debt Service

56%

Fund Balance 42%


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REVENUE ($MILLIONS)Tentative % ofRevenue Total

Premium Revenue $ 202.7 84.58%

Other Operating Revenue 6.0 2.51%

Beginning Fund Balance 30.9 12.91%


APPROPRIATIONS ($MILLIONS)Tentative % ofBudget Total

Salaries & Benefits $ 1.5 0.62%


Material & Supplies 0.1 0.02%


Other Expenses (Claims) 202.2 84.39%

Ending Fund Balance 35.2 14.72%

TOTAL BUDGET $ 239.6 100.00%

Internal Service Funds are utilized to track the cost of self-insurance. The District began self-insuring for health care costs inJanuary 2008 and for general liability, auto liability and workers compensation claims in July 2013. Premium revenues andclaims expense are recorded in this fund.

INTERNAL SERVICE FUNDSHEALTH AND LIABILITY SELF-INSURANCE


Premium Revenue

85%

Other Operating Revenue

2% Beginning Fund Balance

13%


Salaries<1%

Employee Benefits

<1%

Purchased Services

<1%

Material & Supplies

<1%Capital Outlay

<1%

Other Expenses (Claims)

84%

Ending Fund Balance

15%


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THE SCHOOL DISTRICT OF PALM BEACH COUNTY, … SCHOOL DISTRICT OF

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Transcript of THE SCHOOL DISTRICT OF PALM BEACH COUNTY, … SCHOOL DISTRICT OF