The School District of Osceola County, Florida

Transcription

1 The School District of Osceola County, Florida School Board Members Tim Weisheyer, Chair Kelvin Soto, Vice Chair Jay Wheeler Clarence Thacker Ricky Booth Melba Luciano Superintendent Todd Seis Public Hearing July 28, 2015 Chief Business & Finance Officer Jose Gonzalez Director of Budget Educa on which inspires all to their highest poten al AN EQUAL OPPORTUNITY EMPLOYER

2 A Letter from the Superintendent The school year marks an exciting time for the Osceola School District. Our district continues to maintain a strategic focus on providing the highest quality of educational experience for all children within a framework of economic responsibility to the citizens of Osceola County. It is through the strongest collaboration among staff, students, parents, School Board members, and the community that we will take student achievement to new heights this year. As we work towards continuous improvement, I firmly believe that all students are capable of learning and achieving high standards. Hundreds of stakeholders have joined me in providing input into the goals that will drive our efforts this school year: 1. Increase student achievement in every school, as measured by statewide assessments, resulting in improvement in school grades, learning gains, and graduation rates. 2. Use technology to increase student achievement, communication, assessment, and overall productivity. 3. Employees will attend professional development that is aligned with the district and school goals in order to enhance student achievement and their professional growth. 4. Cultivate and communicate a safe and positive environment for students, parents, staff, and community. 5. Ensure that resources are allocated to achieve maximum student success while complying with legal requirements and maintaining the long-term financial health of the District. Our commitment to preparing our students for college and careers is unwavering, and engaging our community for the purpose of increased student achievement has never been more important. For more information about our fully-accredited school district, please visit us online at I also encourage you to visit our schools to see first-hand the outstanding offerings and learning environments that are in place to contribute to all of our students successes. Sincerely, Melba Luciano Superintendent School District of Osceola County 817 Bill Beck Blvd. Kissimmee, Florida

3 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL DISTRICT OVERVIEW Osceola County Population* 310,211 Total Students 59,731 Total District Employees 7,329 *U.S. Census Bureau Data 50, , , , , , ,000 Funding Sources Schools by Type Federal 12% Local 40% Traditional 72% Virtual 4% State 48% Charter & Choice 24% Federal State Local Traditional Virtual Charter & Choice SCHOOL INSTRUCTION AND SUPPORT $ 398,437,290 Instruction $ 305,178,898 Pupil Personnel Services 22,310,471 Instructional Media Services 4,688,675 Instructional and Curriculum Development Services 10,869,531 Instructional Staff Training Services 5,600,544 Instruction Related Technology 4,082,469 School Administration 23,402,382 Pupil Transportation Services 22,304,320 OPERATIONS 46,827,997 Facilities Acquisition and Construction 2,637,316 Food Services 76,275 Operation of Plant 35,093,741 Maintenance of Plant 9,020,665 OTHER 22,210,300 School Board 2,196,653 General Administration 1,412,291 Fiscal Services 2,233,471 Central Services 7,634,077 Administrative Technology Services 4,380,085 Community Services 4,278,723 Debt Services 75,000 Operating Budget by Category Other $22,210,300 Operations $46,827,997 School Instruction and Support $398,437,290 $475,000,000 $450,000,000 $425,000,000 $400,000,000 $375,000,000 $350,000,000 $325,000,000 $300,000,000 $275,000,000 $250,000,000

4 TABLE OF CONTENTS INTRODUCTION Budget Timeline I-2 Budget Conven ons I-3 Budget Summary - All Funds I-6 Ini al FTE Projec ons by School I-7 FTE - Historical and Projected I-9 Cer fica on of Taxable Value (DR-420S) I-10 Tax Millage and Levy - Historical and Projected I-12 FEFP Funding Comparison I-13 FEFP Components I-14 Total and Per FTE Funding - Historical and Projected I-19 Historical Base Student Alloca on Analysis I-20 Policy for Expenditure of Lo ery Funds I-21 RESOLUTIONS Resolu on Adop ng Tenta ve Millage Rates R-2 Resolu on Adop ng Tenta ve Budget R-3 ADVERTISEMENTS No ce of Proposed Tax Increase A-2 Budget Summary Ad A-3 No ce for School Capital Outlay A-4 I GENERAL FUND 100 General Fund Narra ve 1-2 Long Range Forecast 1-3 General Fund Budget Summary 1-4 Es mated Revenues and Beginning Fund Balance 1-5 Es mated Revenue Detail 1-6 Appropria ons and Ending Fund Balance 1-7 Line Item Budget Alloca ons 1-8 II DEBT SERVICE FUND 2XX Debt Service Fund Narra ve 2-2 Summary of Es mated Revenues and Beginning Fund Balance 2-3 Summary of Appropria ons and Ending Fund Balance 2-4 Es mated Revenues and Appropria on by Fund 2-5 Future Debt Service Payments 2-7 Debt Capacity Analysis TENTATIVE BUDGET

5 TABLE OF CONTENTS TENTATIVE BUDGET III CAPITAL PROJECTS FUND 3XX Capital Projects Fund Narra ve 3-2 Capital Revenue - Historical and Projected 3-3 Proposed Five Year Capital Plan 3-4 Summary of Es mated Revenues and Beginning Fund Balance 3-7 Summary of Appropria ons and Ending Fund Balance 3-8 Es mated Revenues by Fund 3-9 Appropria ons by Fund 3-11 Technology Infrastructure Carryover 3-13 Technology Infrastructure New Items 3-14 Cyclical Capital Carryover 3-15 Cyclical Capital Renewal-New Items 3-17 IV SPECIAL REVENUE FUND 4XX Special Revenue Fund Narra ve 4-2 Combined Special Revenue Funds Es mated Revenues and Beginning Fund Balance Summary 4-3 Appropria ons and Ending Fund Balance Summary 4-4 Special Revenue Fund Food Service Es mated Revenues and Beginning Fund Balance Summary 4-5 Appropria ons and Ending Fund Balance Summary 4-6 Special Revenue Fund Other Es mated Revenues and Beginning Fund Balance Summary 4-7 Appropria ons and Ending Fund Balance Summary 4-8 Es mated Revenues and Beginning Fund Balances by Fund 4-9 Appropria ons and Ending Fund Balances by Fund 4-10 Special Revenue Fund ARRA Stabiliza on/s mulus Es mated Revenues and Beginning Fund Balance Summary 4-11 Appropria ons and Ending Fund Balance Summary 4-12 Es mated Revenues and Beginning Fund Balances by Fund 4-13 Appropria ons and Ending Fund Balances by Fund 4-14 V INTERNAL SERVICE FUND 7XX Internal Service Fund Narra ve 5-2 Combined Internal Service Funds Es mated Revenues and Beginning Net Assets 5-3 Appropria ons and Ending Net Assets 5-4 Health and Life Insurance Trust Fund Es mated Revenues and Beginning Net Assets 5-5 Appropria ons and Ending Net Assets 5-6 Casualty Insurance Loss Fund Es mated Revenues and Beginning Net Assets 5-7 Appropria ons and Ending Net Assets Insurance Rates 5-9 Board Contribu on for Health Insurance - Historical and Projected 5-10

6 INTRODUCTION

7 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA BUDGET TIMELINE DATE DAY DESCRIPTION 06/02/15 Tuesday Budget Workshop General and Capital Funds, 5:30 PM 07/01/15 Wednesday Property Appraiser Certifies Taxable Value on Form DR 420S. 07/14/15 Tuesday Board Meeting Tentative Budget Presented to Board 07/17/15 Friday DOE Certifies RLE Tax Rate and Releases 2nd FEFP Calculation 07/26/15 Sunday Advertise to Adopt Tentative Budget 07/28/15 Tuesday Public Hearing to Adopt Tentative Budget and Millage, 5:30 PM 07/29/15 Wednesday Form DR 420S to Property Appraiser 07/31/15 Friday Adopt Budget in TERMS 08/24/15 Monday Property Appraiser Mails out Proposed Tax Notices 08/28/15 Friday AFR Complete 09/11/15 Friday Cost Report Due 09/15/15 Tuesday Public Hearing to Adopt Final Budget and Millage, 5:30 PM 09/18/15 Friday ESE 524 to Property Appraiser, Tax Collector and DOR 09/18/15 Friday District Summary Budget Online and Supporting Documents to DOE 10/14/15 Wednesday Compliance Package to Dept. of Revenue, including DR 487 and DR 422 I-2

8 BUDGET CONVENTIONS ASSIGNED FUND BALANCE: Unrestricted fund balance in the General Fund is assigned for the following purposes in the priority listed. Any remaining fund balance is unassigned. Items 1 and 2 are included as carryover appropriations each year. 1. Assigned for Contract Commitments The amount needed to pay the balance of outstanding purchase orders 2. Assigned for Carryover Appropriations The unspent balances in specific programs that carry forward due to internal policy rather than external requirements, e.g. facility use fees 3. Assigned for Projected Operating Deficit To fund the projected operating deficit for the next year NON SALARY BUDGETS: Schools are allocated non salary funds on a per student basis. These are budgeted at the school s discretion to cover non salary operating costs of the school and may be moved between accounts as necessary. Allowable expenses include supplies, equipment, substitutes, overtime, travel, repairs, and communications. Departments are allocated non salary funds on a per employee basis. These are budgeted at the department s discretion to cover non salary operating costs of the department and may be moved between accounts as necessary. Allowable expenses include supplies, equipment, overtime, travel, and communications. Other non salary budgets in the General Fund are controlled by project number and restricted for designated purposes. These budgets are controlled by the Budget Department and cannot be changed by schools or departments. Expenses from these budgets are reviewed to ensure reasonableness, allowability and compliance with the designated purpose. Examples of these non salary budget appropriations are the Comprehensive Reading Allocation, Instructional Materials Allocation, Supplemental Academic Instruction (SAI) funding and line items. Non salary budgets for grants in the Special Revenue fund are managed by project managers in the department that receives the grant. The Grant Management Department monitors the reasonableness and allowability of expenses from these budgets and ensures compliance with applicable Federal, State and local regulations. I-3

9 OVERTIME: Overtime is recorded in three different categories: Straight overtime for hours worked between the employee s regularly scheduled hours per week (37.5 hours for most employees, 25 hours for bus drivers and attendants) and 40 hours per week. Extra pay for time worked in a different assignment than the employee s normal job. Time and one half overtime for hours worked over 40 hours per week. Overtime is normally not included in salary budgets, but is paid from the non salary allocations of schools and departments. The average salary for bus drivers and attendants, however, includes overtime and is included in the original salary budget. REIMBURSEMENTS: Reimbursements frequently occur within the budget when salary or non salary expenditures originally occur in one fund or department and are later charged to another fund or department either directly or as an overhead cost allocation. In these cases, reimbursement accounts are normally used in the fund or department where the original charge occurred in order to maintain tracking of the original cost. Such cost reimbursements would allow the gross expenditures in a fund or department to exceed the budget by the amount of the expenditures reallocated to other funds or departments. The net expenditures in every fund or department will be covered by the appropriations approved by the Board. Reimbursements typically occur, for example, in the Transportation department for field trips charged to schools, in the Facilities and Maintenance department for costs later charged to capital projects, and in other departments for overhead costs allocated to charter schools. RESTRICTED FUND BALANCE: The unspent balances in Federal, State, and local grant programs are restricted by external authorities for specific purposes. These are reported as restrictions of beginning fund balance and included as carryover appropriations in the current year. RESTRICTED NET ASSETS: In the Internal Service Fund, the balance of unspent appropriations is restricted for the administration and support of the District s group health and life self insurance and the casualty insurance programs. These amounts are reported as restricted net assets. I-4

10 SALARY BUDGETS: Salary budgets include salaries, FICA, retirement, and board insurance contributions for all allocated positions. Position allocations and salary budgets are controlled by the Budget Department and cannot be changed by schools or departments. There must be an allocated position for anyone to be hired and paid. The cost per allocated position is based on the actual current salary of the employee assigned to that position. The cost of vacant positions is estimated based on the average salaries of employees currently filling similar positions. Bus drivers and bus attendants are budgeted at average cost per person in the prior year, including overtime. UNASSIGNED FUND BALANCE: Unassigned fund balance in the General Fund is allocated for the following purposes in the priority listed. 1. Unassigned 6% Minimum per Board Six percent (6%) of the total of revenues and incoming transfers in the General Fund per direction of the School Board 2. Unassigned Fund Balance All remaining fund balance I-5

11 BUDGET SUMMARY ALL FUNDS SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE OSCEOLA COUNTY SCHOOL DISTRICT ARE 8.3% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES. FISCAL YEAR PROPOSED MILLAGE LEVIES SUBJECT TO 10 MILL CAP: PROPOSED MILLAGE LEVIES Required Local Effort (Including Prior Period Discretionary Critical Needs NOT SUBJECT TO 10 MILL CAP: Funding Adjustment Millage) (Operating) Operating or Capital Not to Local Capital Improvement (Capital Outlay) Additional Millage Not to Exceed 4 Years Exceed 2 Years Discretionary Operating (Operating) Debt Service Discretionary Capital Improvement TOTAL MILLAGE GENERAL SPECIAL DEBT CAPITAL INTERNAL PERMANENT TOTAL ALL ESTIMATED REVENUES: FUND REVENUE SERVICE PROJECTS SERVICE FUND FUNDS Federal sources 500,000 75,236,169 2,177,523 77,913,692 State sources 299,713, ,000 1,617,717 3,631, ,386,228 Local sources 130,249,975 2,774,000 12,909,399 56,845,990 57,098, ,878,110 TOTAL SOURCES $430,463,313 $78,434,169 $16,704,639 $60,477,163 $57,098,746 $0 $643,178,030 Transfers In 13,521,041 20,890,665 5,530,357 39,942,063 Fund Balances/Reserves/Net Assets 65,146,363 8,781,690 9,827,716 48,646,158 21,986, ,387,994 TOTAL REVENUES, TRANSFERS & BALANCES $509,130,717 $87,215,859 $47,423,020 $114,653,678 $79,084,813 $0 $837,508,087 EXPENDITURES Instruction 305,178,898 26,358, ,537,638 Pupil Personnel Services 22,310,471 2,282,121 24,592,592 Instructional Media Services 4,688, ,939 4,827,614 Instructional and Curriculum Development Services 10,869,531 9,007,402 19,876,933 Instructional Staff Training Services 5,600,544 5,400,460 11,001,004 Instruction Related Technology 4,082, ,495 4,611,964 School Board 2,196,653 2,196,653 General Administration 1,412, ,883 2,277,174 School Administration 23,402,382 23,402,382 Facilities Acquisition and Construction 2,637,316 40,687,614 43,324,930 Fiscal Services 2,233,471 2,233,471 Food Services 76,275 31,781,943 31,858,218 Central Services 7,634, ,310 57,345,791 65,454,178 Pupil Transportation Services 22,304, ,182 22,623,502 Operation of Plant 35,093,741 40,000 35,133,741 Maintenance of Plant 9,020,665 9,020,665 Administrative Technology Services 4,380,085 60,637 4,440,722 Community Services 4,278,723 1,200,000 5,478,723 Debt Services 75,000 30,017,781 30,092,781 TOTAL EXPENDITURES $467,475,587 $78,458,112 $30,017,781 $40,687,614 $57,345,791 $0 $673,984,885 Transfers Out 5,530,357 34,411,706 39,942,063 Fund Balances/Reserves/Net Assets 41,655,130 8,757,747 11,874,882 39,554,358 21,739, ,581,139 TOTAL APPROPRIATED EXPENDITURES TRANSFERS, RESERVES & BALANCES $509,130,717 $87,215,859 $47,423,020 $114,653,678 $79,084,813 $0 $837,508,087 I-6

12 CENTER THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA INITIAL FTE PROJECTIONS BY SCHOOL NAME TH CALC PROJECTION CHANGE 0401 BOGGY CREEK ELEMENTARY (33.62) 0061 CENTRAL AVENUE ELEMENTARY (67.81) 0957 CHESTNUT ELEM SCIENCE & ENGIN (72.91) 0851 CYPRESS ELEMENTARY (27.19) 0831 DEERWOOD ELEMENTARY (28.95) 0961 EAST LAKE ELEMENTARY , FLORA RIDGE ELEMENTARY (53.00) 0501 HICKORY TREE SCHOOL HIGHLANDS ELEMENTARY (22.24) 0042 KISSIMMEE ELEMENTARY SCHOOL (25.93) 0300 KOA ELEMENTARY SCHOOL (61.03) 0801 LAKEVIEW ELEMENTARY MICHIGAN AVENUE ELEMENTARY (7.58) 0701 MILL CREEK ELEMENTARY (36.32) 0043 NARCOOSSEE ELEMENTARY NEPTUNE ELEMENTARY (10.49) 0904 PARTIN SETTLEMENT ELEMENTARY (3.35) 0811 PLEASANT HILL ELEMENTARY (53.97) 0901 POINCIANA ACADEMY OF FINE ARTS (24.97) 0301 REEDY CREEK ELEMENTARY (17.63) 0111 ST. CLOUD ELEMENTARY SCHOOL (24.57) 0958 SUNRISE ELEMENTARY 1, (4.15) 0101 THACKER AVE ELEM INTL STUDIES (19.80) 0321 VENTURA ELEMENTARY (49.87) Subtotal Elementary Schools 20, , (578.75) 0091 DENN JOHN MIDDLE SCHOOL 1, (70.57) 0041 DISCOVERY INTERMEDIATE 6 8 1, , HORIZON MIDDLE SCHOOL 1, , KISSIMMEE MIDDLE SCHOOL 1, , (5.46) 0040 NARCOOSSEE MIDDLE SCHOOL 1, , NEPTUNE MIDDLE SCHOOL 1, , PARKWAY MIDDLE SCHOOL (29.02) 0272 ST. CLOUD MIDDLE SCHOOL 1, , (1.29) Subtotal Middle Schools 9, , CELEBRATION HIGH SCHOOL 2, , GATEWAY HIGH SCHOOL 2, , HARMONY HIGH SCHOOL 1, , LIBERTY HIGH SCHOOL 1, , OSCEOLA HIGH SCHOOL 2, , PATHS AT TECO POINCIANA HIGH SCHOOL 1, , ST. CLOUD HIGH SCHOOL 2, , ZENITH SCHOOL Subtotal High Schools 15, , CELEBRATION SCHOOL (KG 8) 1, , HARMONY COMMUNITY SCHOOL K NEW BEGINNINGS (38.91) 0921 OSCEOLA CNTY SCH FOR THE ARTS WESTSIDE SCHOOL K 8 1, , Multi Level Schools 4, , OASIS ADOLESCENT CAMPUS (2.37) 9041 HOSPITAL/HOMEBOUND (4.45) 0859 OSCEOLA CO COMMITMENT FACILITY (2.09) 7004 OSCEOLA SECONDARY VIRTUAL (5.10) 7001 OSCEOLA VIRTUAL INSTRUCTION OSCEOLA VIRTUAL INSTRUCTION Subtotal Alternative Schools I-7

13 CENTER NAME TH CALC PROJECTION CHANGE 0149 RENAISSANCE CHARTER SOUTH 1, , ACCLAIM ACADEMY OF FLORIDA (384.39) 0155 AVANT GARDE ST. CLOUD PREPARATORY BELLALAGO CHARTER ACADEMY KG 8 1, , (16.24) 0916 CANOE CREEK CHARTER (KG 8) (2.60) 0153 FLORIDA VIRTUAL ACADEMY FOUR CORNERS CHARTER ELEM (KG 5) 1, (386.75) 0152 FOUR CORNERS CHARTER MIDDLE KISSIMMEE CHARTER (KG 8) (1.31) 0959 MAVERICKS HIGH SCHOOL (26.96) 0853 NEW DIMENSIONS HIGH SCHOOL (1.33) 0881 P M WELLS CHARTER (KG 8) UCP SCHOOL BIRTH 5 YEARS NEW CHARTER SCHOOLS Subtotal Charter Schools 7, , MCKAY SCHOLARSHIP Subtotal McKay Schools UNDISTRIBUTED Subtotal McKay Schools GRAND TOTAL 58, , , I-8

14 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA FTE HISTORICAL AND PROJECTED OVERVIEW FROM 2006 TO 2016 Unweighted FTE (UFTE) 61,000 59,000 57,000 55,000 53,000 51,000 49,000 47,000 45, Unweighted FTE (UFTE) 51,061 51,913 51,071 51,459 52,893 54,193 55,881 57,239 58,569 59,731 Percentage Change 3.83% 1.67% 1.62% 0.76% 2.79% 2.46% 3.12% 2.43% 2.32% 1.98% I-9

15 CERTIFICATION OF SCHOOL TAXABLE VALUE Reset Form Print Form DR-420S R. 5/13 Rule 12D , FAC Effective 5/13 Provisional Year : 2015 County : Name of School District : SCHOOL DISTRICT OF OSCEOLA COUNTY OSCEOLA SECTION I : COMPLETED BY PROPERTY APPRAISER. SEND TO SCHOOL DISTRICT 1. Current year taxable value of real property for operating purposes $ 19,746,221,919 (1) 2. Current year taxable value of personal property for operating purposes $ 1,379,217,602 (2) 3. Current year taxable value of centrally assessed property for operating purposes $ 4,493,484 (3) 4. Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3) $ 21,129,933,005 (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.) $ 591,378,765 (5) 6. Current year adjusted taxable value (Line 4 minus Line 5) $ 20,538,554,240 (6) 7. Prior year FINAL gross taxable value from prior year applicable Form DR-403 Series $ 19,609,766,981 (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 : Electronically Certified by Property Appraiser 6/29/ :17 AM SECTION II : COMPLETED BY SCHOOL DISTRICTS. RETURN TO PROPERTY APPRAISER Local 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) $ 100,539,275 (11) 12. Prior year local board proceeds (Line 10 multiplied by Line 7, divided by 1,000) $ 44,082,756 (12) 13. Prior year total state law and local board proceeds (Line 11 plus Line 12) $ 144,622,031 (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 (15) 16. Current year proposed state law millage rate (Sum of RLE and prior period funding adjustment) per $1,000 (16) 17. 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 I-10 Continued on page 2

16 Name of School District : DR-420S R. 5/13 Page Current year state law proceeds (Line 16 multiplied by Line 4, divided by 1,000) $ 105,924,354 (18) 19. Current year local board proceeds (Line 17 multiplied by Line 4, divided by 1,000) $ 47,500,089 (19) 20. Current year total state law and local board proceeds (Line 18 plus Line 19) $ 153,424,444 (20) 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) 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 Final public budget hearing Date : Time : Place : 817 Bill Beck Boulevard, Kissimmee, FL /15/2015 5:30 PM % (21) % (22) Taxing Authority Certification I certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of s , F.S. S I G N H E R E Signature of Chief Administrative Officer : Date : Title : Contact Name And Contact Title : TODD SEIS, CHIEF BUSINESS & FINANCE OFFICER MELBA LUCIANO, SUPERINTENDENT Mailing Address : Physical Address : ADMINISTRATION CENTER 817 BILL BECK BLVD City, State, Zip : Phone Number : Fax Number : KISSIMMEE, FL Continued on page 3 I-11

17 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA TAX MILLAGE AND LEVY HISTORICAL AND PROJECTED OVERVIEW FROM 2006 TO 2016 Millage History Required Local Effort (RLE) RLE Prior Period Adjustment Discretionary Supplemental Discretionary Subtotal Operating Capital Outlay Debt Service Total Percentage Change 7.0% 0.1% 3.3% 2.0% 0.7% 1.8% 3.4% 2.5% 1.8% 1.5% FINAL TAX ROLL 30,000,000,000 25,000,000,000 20,000,000,000 15,000,000,000 10,000,000,000 5,000,000, Tax Roll History Final Tax Roll 21,855,346,996 26,387,763,807 27,185,791,325 22,781,942,148 19,181,131,226 17,752,827,760 17,486,188,635 18,327,239,420 19,627,447,692 21,129,933,005 Percentage Change 34.97% 20.74% 3.02% 16.20% 15.81% 7.45% 1.50% 4.81% 7.09% 7.66% Total Tax Levy 170,078, ,085, ,246, ,578, ,982, ,513, ,051, ,619, ,752, ,424,444 Percentage Change 25.53% 20.58% 0.41% 14.53% 15.23% 9.10% 4.80% 7.47% 5.18% 5.99% I-12

18 FLORIDA EDUCATION FINANCE PROGRAM (FEFP) FUNDING COMPARISON The School District of Osceola County Line DESCRIPTION Fourth Calculation Second Calculation Change % Change 4/20/2015 7/16/ Unweighted FTE 2 Traditional 49, , % 3 Charter 7, , % 4 McKay % 5 Undistributed n/a 6 Total Unweighted FTE 58, , , % 12 Total Weighted FTE 63, , , % 13 Weighted to Unweighted FTE Ratio % 14 Tax Roll School Taxable Value 19,627,447,692 21,129,933,005 1,502,485, % 15 Required Local Effort Millage (0.095) 1.86% 16 Prior Period Adjustment Millage (0.019) 82.61% 17 Basic Discretionary Millage % 18 Critical Needs Operating Discretionary n/a 19 Total Millage (0.114) 1.94% 20 Base Student Allocation 4, , % 21 District Cost Differential (0.0017) 0.17% 22 BSA * DCD 3, , % 23 FEFP Detail 24 WFTE x BSA x DCD (Base FEFP) 251,807, ,751,610 12,944, % Mills Discretionary Compression 9,512,178 10,644,601 1,132, % Mills Discretionary Compression n/a 27 DJJ Supplemental Allocation 35,418 38,983 3, % 28 Safe Schools 1,073,534 1,058,930 (14,604) 1.36% 29 ESE Guaranteed Allocation 15,493,798 15,868, , % 30 Supplemental Academic Instruction (SAI) 12,770,625 13,045, , % 31 Instructional Materials 4,901,048 4,996,303 95, % 32 Student Transportation 10,851,581 10,937,915 86, % 33 Teachers Lead Program 986, , % 34 Reading Allocation 2,661,158 2,682,807 21, % 35 Teacher Salaries & Benefits n/a 36 Merit Award Program n/a 37 Digital Learning Allocation 719,583 1,159, , % 38 Virtual Education Contribution 99,274 68,711 (30,563) 30.79% 39 Additional Allocation n/a 40 Total FEFP 310,912, ,240,169 15,327, % 41 Adjustments 42 Required Local Effort Taxes (96,171,353) (101,606,241) (5,434,888) 5.65% 43 Federal Fiscal Stabilization Fund n/a 44 Proration to Funds Available (2,213,981) (123,169) 2,090, % 45 Proration for Veto n/a 46 Total Adjustments (98,385,334) (101,729,410) (3,344,076) 3.40% 47 Net State FEFP 212,526, ,510,759 11,983, % 48 Lottery Funds 49 Discretionary Lottery 208, ,382 1, % 50 School Recognition 1,483,702 1,483, % 51 Total Lottery Funding 1,692,310 1,694,084 1, % 52 State Categorical Programs 53 Class Size Reduction 63,808,009 64,886,476 1,078, % 54 Total State Funding 278,027, ,091,319 k 13,064, % 55 Local Funding: 56 Required Local Effort 96,171, ,606,241 5,434, % Mills Discretionary Tax 14,094,078 15,172,982 1,078, % Mills Critical Needs Discretionary Tax n/a 59 Total Local Funding 110,265, ,779,223 6,513, % 60 Total State and Local Funding 388,292, ,870,542 19,577, % 61 $ Per Unweighted FTE Total 6, , % 62 $ Per Weighted FTE Total 6, , % I-13

19 FLORIDA EDUCATION FINANCE PROGRAM (FEFP) COMPONENTS ADJUSTMENTS: The Department of Education is authorized to make prior year adjustments in the allocation of funds to a district for adjudication of litigation, arithmetical errors, assessment roll change, FTE student membership errors, or allocation errors revealed in an audit report. If state revenue collections are not sufficient to fund the amount appropriated for the FEFP, a special session may be held to reduce the appropriation and allocations. If the program calculates an amount that exceeds the appropriation, a proration of available funds will be deducted from districts calculated funding in proportion to each district s relative share of state and local FEFP dollars. This procedure preserves equity in the distribution of available dollars. BASE STUDENT ALLOCATION: The Base Student Allocation from state and local funds is determined annually by the Legislature and is a component in the calculation of Base Funding. BASE FUNDING: Base Funding is derived from the product of the weighted FTE (WFTE) students, multiplied by the Base Student Allocation and the District Cost Differential. CATEGORICAL PROGRAM FUNDS: Categorical program funds are added to the FEFP allocation that is distributed to districts. Currently, class size reduction is the sole categorical program. As a result of the voter approved amendment to Article IX, Section 1, of the Florida Constitution, regarding class size reduction, additional operating and capital outlay funds were appropriated to assist districts in their efforts to not exceed the class size maximums. Beginning with the school year, Florida classrooms may have no more than 18 students in grades PK 3, 22 students in grades 4 8, and 25 students in grades The 2011 legislature amended Section , Florida Statutes (F.S.), (Section 15, Chapter , Laws of Florida), by providing class size flexibility to schools that enroll students after the October student membership survey. If a district school board determines that it is impractical, educationally unsound, or disruptive to student learning, students may be temporarily assigned to a class that exceeds the maximums cited above. Up to three students may be assigned to a teacher in grade group K 3. Up to five students may be I-14

20 assigned to a teacher in grade groups 4 8 and The district school board must develop a plan that provides that the school will be in full compliance by the next October student survey. DEPARTMENT OF JUVENILE JUSTICE (DJJ): The total K 12 weighted full time equivalent student membership in juvenile justice education programs in each school district shall be multiplied by the amount of the state average class size reduction factor multiplied by the district s cost differential. An amount equal to the sum of this calculation shall be allocated in the FEFP to each school district to supplement other sources of funding for students in juvenile justice education programs. DECLINING ENROLLMENT SUPPLEMENT: The declining enrollment supplement is determined by comparing the unweighted FTE (UFTE) for the current year to the UFTE of the prior year. In those districts where there is a decline in UFTE, 25 percent of the decline is multiplied by the prior year base funding per UFTE. DISTRICT COST DIFFERENTIAL: Section (2), F.S., requires the Commissioner to annually compute district cost differentials (DCDs) by adding each district s Florida Price Level Index for the most recent three years and dividing the sum by three. The result is multiplied by 0.800, and is added to the product to obtain the DCD. EXCEPTIONAL STUDENT EDUCATION (ESE) GUARANTEED ALLOCATION: This allocation provides funding to support the additional cost for exceptional education students that are identified for services in program levels 111, 112, or 113. Funding is calculated based on a different methodology for exceptional students that are in a support level of 4 or 5. FLORIDA DIGITAL CLASSROOMS ALLOCATION: H.B created the Florida Digital Classrooms Allocation to support efforts to improve student performance outcomes by integrating technology in classroom teaching and learning. The District must adopt a district digital classrooms plan and submit the plan to the department of education for approval. I-15

21 FLORIDA TEACHERS CLASSROOM SUPPLY ASSISTANCE: Pursuant to Section , F.S., these funds are to be used only by classroom teachers for the purchase of classroom instructional materials and supplies for use in teaching students. The Florida Teachers Lead Program appropriation provides an allocation to each school district based on the prorated total of each school district s share of the total K 12 unweighted FTE student enrollment. INSTRUCTIONAL MATERIALS: The Instructional Materials allocation provides for core subject instructional materials, as well as library/media materials and science lab materials. The funding supports Florida's Next Generation Sunshine State Standards and a learning environment conducive to teaching and learning using appropriate educational materials. These funds are allocated to provide growth and maintenance funding for each District school, purchase dual enrollment textbooks, library/media and science lab materials, and to cover the cost of district wide textbooks adoptions. Effective July 1, 2014, districts must spend at least 50% of this allocation to purchase digital instructional materials. READING PROGRAM: The Reading Program is designed to create a K 12 comprehensive, district wide system of research based reading instruction. The District uses these funds for Reading Coach salaries, summer reading camp and other reading based professional development. REQUIRED LOCAL EFFORT: The district required local effort is subtracted from the state and local FEFP dollars. This is the amount of required local effort that each district must provide to participate in the Florida Education Finance Program. The Commissioner computes and certifies the required local effort millage rate for each district. For the current fiscal year FEFP calculation, each district s contribution for required local effort is the product of the certified mills times 96 percent of the district s taxable value for school purposes. Section (4), F.S., directs the Commissioner to adjust required local effort millage rates if the millage would produce more than 90 percent of a district s total FEFP entitlement. The Department of Revenue provides the Commissioner with its most recent determination of the assessment level of the prior year s assessment roll for each district and for the state. A millage rate is computed based on the positive or negative variation of each district from the state average assessment level. The millage rate resulting from application of this equalization factor is added to the state average required local effort millage. The sum of these two rates becomes each district s certified required local effort millage. I-16

22 SAFE SCHOOLS: The Safe Schools allocation shall be used to promote and create a safe learning environment for children to development and learn. The funds are to be allocated so that each district is guaranteed a minimum amount of funding. If there is a remaining appropriation, 67 percent shall be allocated based on the latest official Florida Crime Index provided by the Department of Law Enforcement, and 33 percent shall be allocated based on each district s share of the state s total unweighted student enrollment. In the School District of Osceola County, this allocation is used to provide School Resource Officers at each school. SCHOOL RECOGNITION PROGRAM FUNDS & DISCRETIONARY LOTTERY: The state legislature has the authority to appropriate for school recognition funds and district discretionary lottery funds. The first priority is to fund the Florida School Recognition Program, which is authorized by Section , F.S. The Florida School Recognition Program provides monetary awards to schools that earn an A grade, improve at least one performance grade from the previous year, or sustain the previous year s improvement of more than one letter grade. The funds can be used for nonrecurring bonuses to the faculty and staff, nonrecurring expenditures for educational equipment or materials, or for temporary personnel to assist the school in maintaining or improving student performance. The District will receive $1.48 million in School Recognition funding for and $210,382 in discretionary lottery dollars. SPARSITY SUPPLEMENT: The FEFP recognizes the relatively higher operating cost of smaller districts due to sparse student population. This index is computed by dividing the FTE of the district by the number of permanent senior high school centers (not to exceed three). By Appropriations Act proviso, participation is limited to districts of 20,000 or fewer FTE. STUDENT TRANSPORTATION: The Student Transportation allocation provides for safe and efficient transportation services in school districts to support student learning. The formula for allocating the funds is outlined in Section , F.S., and contains the following provisions in the state allocation for student transportation: 1) students with special transportation needs earn a higher rate of funding than base students; 2) base funding for each district is established by the district's proportionate share of the total statewide students eligible for transportation; and 3) indices are applied that modify the base funding amount to reward more efficient bus utilization, compensate for rural population density, and adjust funding based on the cost of living. The funds are to be distributed based on the formula in Section , F.S. I-17

23 SUPPLEMENTAL ACADEMIC INSTRUCTION: The Supplemental Academic Instruction (SAI) component of the FEFP formula provides for additional funding to pay for supplemental and remedial instruction. The District s SAI allocation supports the cost of remediation programs at each school, district wide professional development, the Elementary Swim Program, ESE summer school and other curriculum enhancement and assessment tools. Part of this funding, together with funds provided through the research based reading instruction allocation and other available funds, shall be used by districts with one or more of the 300 lowest performing schools based on the state reading assessment to provide an additional hour of instruction beyond the normal school day for each day of the entire school year for intensive reading instruction for the students in each of these schools. Students enrolled in these schools who have level 5 reading assessment scores may choose to participate in the additional hour of instruction on an optional basis. VIRTUAL EDUCATION CONTRIBUTION: The virtual education contribution shall be allocated pursuant to the formula provided in Section (11), F.S. The contribution for the fiscal year is based on $5,230 per FTE student in virtual programs MILLS DISCRETIONARY COMPRESSION: If any school district levies the full mill levy and it generates an amount of funds per unweighted FTE (UFTE) that is less than the state average amount per UFTE, the school district shall receive a discretionary millage compression supplement that, when added to the funds generated by the district s mill levy, shall be equal to the state average as provided in Section (5), F.S. I-18

24 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA TOTAL AND PER FTE FUNDING HISTORICAL AND PROJECTED OVERVIEW FROM 2009 TO End End End End End End th nd Total Funding 342,737, ,208, ,653, ,058, ,639, ,647, ,292, ,870,542 $ Per Student 6,711 6,767 6,705 6,054 6,185 6,528 6,630 6,828 UWFTE 51,071 51,459 52,893 54,193 55,881 57,239 58,569 59,731 Total FEFP Funding 420,000, ,000, ,000, ,000, ,000, ,000, End End End End End End th nd FEFP Revenue Per Student 7,000 6,500 6,000 5,500 5, End End End End End End th nd I-19

25 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA Base Funding Analysis DISTRICT: Osceola Baseline Year YEAR SOH CPI* Change DCD BSA Based on CPI BSA x DCD Based on CPI Base Funding BSA Actual BSA x DCD Actual DIFF UFTE WFTE Funding Surplus/ (Shortfall) % ,617 4,548 4,154 4,092 (456) 59,731 64,681 (29,498,681) % ,581 4,520 4,032 3,978 (542) 58,569 63,298 (34,290,846) % ,513 4,449 3,913 3,857 (592) 57,239 61,996 (36,674,530) % ,438 4,383 3,583 3,539 (844) 55,892 60,790 (51,317,853) % ,308 4,264 3,479 3,443 (821) 54,193 58,665 (48,139,202) % ,245 4,203 3,624 3,588 (615) 52,893 57,158 (35,146,802) % ,133 4,094 3,631 3,596 (498) 51,459 55,296 (27,526,840) % ,129 4,089 3,886 3,848 (241) 51,071 55,508 (13,351,279) % ,966 3,928 4,080 4, ,913 57,726 6,478, % ,870 3,827 3,982 3, ,061 57,246 6,338, % ,742 3,676 3,742 3,676 49,175 55,416 (263,128,974) 4,800 Base Funding per WFTE 4,600 4,400 4,200 4,000 3,800 3,600 3, Actual Based on CPI The consumer price index (CPI) is the most widely used measure of consumer price changes. The CPI measures the average change over time in the prices paid by urban consumers for goods and services. The Bureau of Labor Statistics (BLS) of the U.S. Department of Labor collects the CPI price information and calculates the CPI statistics. SOH CPI Save Our Home CPI is the amount stated in Section (1), F.S., that stipulates the allowable annual increase in assessed property value for homestead exempt property. TheBaseStudentAllocationfromstateandlocal funds is determined annually by the Legislature and is a component inthecalculation of BaseFunding. Base Funding is derived from the product of the weighted FTE (WFTE) students, multiplied by the Base Student Allocation and the DistrictCostDifferential. *Source: I-20

26 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL POLICY FOR EXPENDITURE OF LOTTERY FUNDS THE AMOUNT OF DISCRETIONARY LOTTERY FUNDS = $ 210,382 THE AMOUNT OF SCHOOL RECOGNITION FUNDS = $ 1,483,702 Enhancement for the year is defined as the expenditure of the District Discretionary Lottery Dollars for the following purposes: 1. To provide school recognition funds to qualifying schools; 2. To provide up to $5 per UFTE, if funds are available, in school improvement funds to be allocated by the School Advisory Committee; 3. To continue programs which were previously funded through state funds; 4. To supplement partially funded state program dollars; 5. To provide start up supplies, books and equipment for new facilities and programs. I-21

27 RESOLUTIONS

28 Resolution Number RESOLUTION ADOPTING TENTATIVE MILLAGE RATES WHEREAS, the School Board of Osceola County, Florida, did, pursuant to Chapters 200 and 1011, Florida Statutes, approve tentative millage rates for the fiscal year July 1, 2015 to June 30, 2016; and WHEREAS, at the public hearing and in full compliance with Chapter 200, Florida Statutes, the Osceola County School Board adopted the tentative millage rates for fiscal year in the amounts of: Tentative Millage Levy Proposed Amount to be Raised Required Local Effort (RLE) ,606,241 Prior Period Adjustment ,139 Total RLE ,687,380 Capital Outlay ,427,104 Discretionary Operating ,172,982 Total Millage ,287,466 The total millage rate to be levied exceeds the rolled back rate by 3.12 percent. NOW THEREFORE, BE IT RESOLVED: That the Osceola County School Board, adopted each tentative millage rate for the fiscal year July 1, 2015 to June 30, 2016, on July 28, 2015 by separate vote prior to adopting the tentative budget. Chairman July 28, 2015 R-2

29 Resolution Number RESOLUTION ADOPTING TENTATIVE BUDGET A RESOLUTION OF THE OSCEOLA COUNTY SCHOOL BOARD ADOPTING THE TENTATIVE BUDGET FOR FISCAL YEAR WHEREAS, the School Board of Osceola County, Florida, did, pursuant to Chapters 200 and 1011, Florida Statutes, approve tentative millage rates and a tentative budget for the fiscal year July 1, 2015 to June 30, 2016; and WHEREAS, the Osceola County School Board set forth the appropriations and revenue estimates for the budget for fiscal year WHEREAS, at the public hearing and in full compliance with Chapter 200, Florida Statutes, the Osceola County School Board adopted the tentative millage rates and the budget in the amount of $837,508,087 for fiscal year NOW THEREFORE, BE IT RESOLVED: That the attached budget of Osceola County School Board, including the millage rates as set forth therein, is hereby adopted by the School Board of Osceola County as a tentative budget for the categories indicated for the fiscal year July 1, 2015 to June 30, Chairman July 28, 2015 R-3

30 ADVERTISEMENTS

31 NOTICE OF PROPOSED TAX INCREASE The Osceola County School Board will soon consider a measure to increase its property tax levy. Last year s property tax levy: A. Initially proposed tax levy... $144,752,427 B. Less tax reductions due to Value Adjustment Board and other assessment changes... $ 130,396 C. Actual property tax levy... $144,622,031 This year s proposed tax levy...$153,424,444 A portion of the tax levy is required under state law in order for the school board to receive $224,510,759 in state education grants. The required portion has increased by 2.41 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 28, 2015, 5:30 p.m., at: Osceola County School District Administration Center 817 Bill Beck Boulevard Kissimmee, Florida A DECISION on the proposed tax increase and the budget will be made at this hearing. A-2

32 BUDGET SUMMARY SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA THE PROPOSED OPERATING BUDGET EXPENDITURES OF THE OSCEOLA COUNTY SCHOOL DISTRICT ARE 8.3% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES. FISCAL YEAR PROPOSED MILLAGE LEVIES SUBJECT TO 10 MILL CAP: PROPOSED MILLAGE LEVIES Required Local Effort (Including Prior Period Discretionary Critical Needs NOT SUBJECT TO 10 MILL CAP: Funding Adjustment Millage) (Operating) Operating or Capital Not to Local Capital Improvement (Capital Outlay) Additional Millage Not to Exceed 4 Years Exceed 2 Years Discretionary Operating (Operating) Debt Service Discretionary Capital Improvement TOTAL MILLAGE GENERAL SPECIAL DEBT CAPITAL PERMANENT ENTERPRISE TOTAL ALL ESTIMATED REVENUES: FUND REVENUE SERVICE PROJECTS FUND FUND FUNDS Federal sources 500,000 75,236,169 2,177,523 77,913,692 State sources 299,713, ,000 1,617,717 3,631, ,386,228 Local sources 130,249,975 2,774,000 12,909,399 56,845, ,779,364 TOTAL SOURCES $430,463,313 $78,434,169 $16,704,639 $60,477,163 $0 $0 $586,079,284 Transfers In 13,521,041 20,890,665 5,530,357 39,942,063 Fund Balances/Reserves/Net Assets 65,146,363 8,781,690 9,827,716 48,646, ,401,927 TOTAL REVENUES, TRANSFERS & BALANCES $509,130,717 $87,215,859 $47,423,020 $114,653,678 $0 $0 $758,423,274 EXPENDITURES Instruction 305,178,898 26,358, ,537,638 Pupil Personnel Services 22,310,471 2,282,121 24,592,592 Instructional Media Services 4,688, ,939 4,827,614 Instructional and Curriculum Development Services 10,869,531 9,007,402 19,876,933 Instructional Staff Training Services 5,600,544 5,400,460 11,001,004 Instruction Related Technology 4,082, ,495 4,611,964 School Board 2,196,653 2,196,653 General Administration 1,412, ,883 2,277,174 School Administration 23,402,382 23,402,382 Facilities Acquisition and Construction 2,637,316 40,687,614 43,324,930 Fiscal Services 2,233,471 2,233,471 Food Services 76,275 31,781,943 31,858,218 Central Services 7,634, ,310 8,108,387 Pupil Transportation Services 22,304, ,182 22,623,502 Operation of Plant 35,093,741 40,000 35,133,741 Maintenance of Plant 9,020,665 9,020,665 Administrative Technology Services 4,380,085 60,637 4,440,722 Community Services 4,278,723 1,200,000 5,478,723 Debt Services 75,000 30,017,781 30,092,781 TOTAL EXPENDITURES $467,475,587 $78,458,112 $30,017,781 $40,687,614 $0 $0 $616,639,094 Transfers Out 5,530,357 34,411,706 39,942,063 Fund Balances/Reserves/Net Assets 41,655,130 8,757,747 11,874,882 39,554, ,842,117 TOTAL APPROPRIATED EXPENDITURES TRANSFERS, RESERVES & BALANCES $509,130,717 $87,215,859 $47,423,020 $114,653,678 $0 $0 $758,423,274 The tentative, adopted, and/or final budgets are on file in the office of the above mentioned taxing authority as a public record. A-3

33 NOTICE OF TAX FOR SCHOOL CAPITAL OUTLAY The Osceola County School Board will soon consider a measure to continue to impose a 1.5 mill property tax for the capital outlay projects listed herein. This tax is in addition to the school board s proposed tax of 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 $30,427,104 to be used for the following projects: CONSTRUCTION AND REMODELING: Various new construction projects as listed in the Educational Plant Survey MAINTENANCE, RENOVATION, AND REPAIR: Repairs and set up costs for portable classrooms General school facility maintenance Corrections to health and safety code violations Roof and gutter repairs and replacement District wide cyclical renovations Heating, ventilation and air conditioning installation and repairs at schools and ancillary facilities Electrical, data and communication upgrades/retrofit Replace marquee signs Interior/exterior painting and wall covering Install fencing/sidewalk/safety wall Parking area repairs and expansion Restroom refurbishment Piping and plumbing repairs Covered walkways Ceiling repairs Safety door and entryway remodeling Storm shutter hardware replacement Locker replacement Handrail modifications Arrival & drop off access upgrade Drainage improvements Security modifications at schools and ancillary facilities MOTOR VEHICLE PURCHASES: Purchase of fourteen (14) school buses Purchase of motor vehicles used for the maintenance or operation of plants and equipment NEW AND REPLACEMENT EQUIPMENT, COMPUTERS, ENTERPRISE RESOURCE SOFTWARE, AND S (2), F.S., ELIGIBLE EXPENDITURES IN SUPPORT OF DIGITAL CLASSROOMS PLANS PURSUANT TO S (12), F.S.: A-4

34 Educational technology equipment (computer labs/networks) School furniture and equipment Enterprise technology PAYMENTS FOR EDUCATIONAL FACILITIES AND SITES DUE UNDER A LEASE PURCHASE AGREEMENT: Annual master lease payments for various facilities and renovations Kissimmee Elementary Poinciana High School Horizon Middle School Kissimmee Middle School Celebration High School Osceola County School of the Arts Black box theatres/auditoriums at Osceola High School, St. Cloud High School and Poinciana High School Classrooms and chiller plant at Osceola High School Chestnut Elementary Liberty High School Osceola High School comprehensive renovations Highlands Avenue Elementary comprehensive renovations Thacker Avenue Elementary comprehensive renovations PAYMENTS FOR RENTING AND LEASING EDUCATIONAL FACILITIES AND SITES: One (1) year lease of portable classrooms and classroom space Elementary school at BellaLago PAYMENT OF PREMIUMS FOR PROPERTY AND CASUALTY INSURANCE NECESSARY TO INSURE THE EDUCATIONAL AND ANCILLARY PLANTS OF THE SCHOOL DISTRICT Insurance premiums on district facilities All concerned citizens are invited to a public hearing to be held on July 28, 2015 at 5:30 p.m. at the Osceola County School District Administrative Center, 817 Bill Beck Boulevard, Kissimmee, Florida. A DECISION on the proposed CAPITAL OUTLAY TAXES will be made at this hearing. A-5

35 FUND 100 GENERAL FUND

36 FUND 100 GENERAL FUND BUDGET This budget is often referred to as the Operating Budget. The major revenue sources for the General Fund are the Florida Education Finance Program (FEFP) and local discretionary taxes. Other significant revenue sources are Workforce funds, Voluntary Pre Kindergarten funds, Extended Day fees and transfers from Capital Projects Funds. Appropriations include most of the District s salaries and benefits, utilities, fuel, supplies, transportation costs, and other operating expenses. The District has more discretion in appropriating General Fund revenues than other funds. However, even within the General Fund, much of the revenue is restricted for specified purposes (e.g., Reading Allocation, Teachers Classroom Supply Assistance Program, School Recognition, etc.). Fund balances in the General Fund are the District s reserves against revenue shortfalls, emergencies, and other unplanned needs. 1-2

37 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL GENERAL FUND LONG RANGE FORECAST FEFP % change per Student 5.48% 1.65% 3.00% 2.20% 2.20% 2 Beginning Fund Balance Revenues Projected Expenditures Operating Surplus/(Loss) Total Ending Fund Balance Fund Balance Break Down: 7 Nonspendable Restricted & Assigned Unassigned 6% Board Policy Reserve Unassigned Total Ending Fund Balance Unassigned as a % of Expenditures 9.7% 9.3% 8.9% 8.6% 8.6% 1-3

38 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL GENERAL FUND BUDGET SUMMARY Fiscal Year Ending June 30, 2016 As of the Second Calculation BEGINNING FUND BALANCE 1 Non spendable Inventory 2,100,000 2 Restricted for State Categorical Programs 12,563,824 3 Restricted for Other Grants and Programs 4,953,494 4 Assigned for Contract Commitments 2,156,996 5 Assigned for Carryover Appropriations 1,772,049 6 Assigned for Projected Operating Deficit 2,000,000 7 Unassigned 6% Minimum per Board 25,200,000 8 Unassigned Fund Balance 14,400,000 Total Beginning Fund Balance 65,146,363 ESTIMATED REVENUES 9 Florida Education Finance Program ,510, % 10 District School Taxes ,860, % 11 Class Size Reduction ,886, % 12 Transfer From Capital Projects ,521, % 13 Miscellaneous Local 049? 6,644, % 14 Workforce Development ,187, % 15 Child Care Fees 047? 2,892, % 16 Voluntary Pre K Program ,176, % 17 Adult Education Fees 046? 1,895, % 18 School Recognition Funds ,483, % 19 Rent/ Facilities Use Fees , % 20 R.O.T.C , % 21 Interest On Investments 043? 500, % 22 Gifts, Grants, and Bequests , % 23 Tax Redemptions , % 24 Discretionary Lottery , % 25 State License Tax , % 26 Miscellaneous State , % 27 Insurance Loss Recovery , % 28 CO&DS Withheld For Admin Expense , % 29 Adults With Disabilities % 30 Workforce Performance Based Incentives % 31 Federal Through State % 32 Early Education Grant % 33 Sale of Equipment % Total Estimated Revenues 443,984, % APPROPRIATIONS 34 Salaries and Benefits 1 313,040, % 35 Charter & Choice Schools 2 57,489, % 36 Categoricals/Restricted Programs 3 20,081, % 37 Line Items Non Salary 4 16,866, % 38 Utilities and Fuel 5 16,264, % 39 School and Department Non Salary 6 13,041, % 40 McKay Scholarship Program 7 5,586, % 41 Holdback Undistributed FTE 8 3,658, % Current Appropriations 446,029, % 42 Projected Operating Deficit (2,044,870) 43 Carryover Appropriations 21,446,363 Total Appropriations 467,475,587 PROJECTED ENDING FUND BALANCE 44 Non Spendable Inventory 2,100, Restricted for State Categorical Programs 0 46 Restricted for Other Grants and Programs 0 47 Assigned for Contract Commitments 0 48 Assigned for Carryover Appropriations 0 49 Assigned for Projected Operating Deficit 0 50 Unassigned 6% Reserve per Board 26,600, Unassigned Fund Balance 12,955,130 Total Projected Ending Fund Balance 41,655,

39 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL GENERAL FUND ESTIMATED REVENUES AND BEGINNING FUND BALANCE ACCT Source NO. Tentative Budget Difference FEDERAL: ROTC , , (124,000.00) Federal Other* 2XX , (117,171.00) Total Federal 500, , (241,171.00) STATE: Florida Education Finance Program* ,510, ,999, ,511, Workforce Development 315 6,187, ,159, , Workforce Development Performance Incentives , (50,000.00) Adults With Disabilities , (42,500.00) CO & DS Withheld for Administrative Expense , , State License Tax , , Discretionary Lottery Funds , , (361,340.00) Class Size Reduction ,886, ,463, , School Recognition Funds 361 1,483, ,958, (474,524.00) Voluntary Prekindergarten 371 2,176, ,651, (474,563.25) Miscellaneous State* , , (4,621.21) Total State 299,713, ,158, ,554, LOCAL: District School Tax RLE ,606, ,171, ,434, Prior Period Adjustment , , (352,235.00) Discretionary ,172, ,094, ,078, Tax Redemptions , , (21,139.00) Facility Use Fees/Rent , , , Interest, Including Profit on Investments 43X 500, , , Gifts, Grants, & Bequests* , , , Adult Education Fees 46X 1,895, ,600, (705,000.00) Pre K Early Intervention Fees , , School Aged Child Care Fees 473 2,500, ,500, Bus Fees , , (50,000.00) Bus Fees School Activities , , Sale of Surplus Property , , (25,000.00) Federal Indirect Cost 494 1,500, ,000, , Miscellaneous Local Sources* 495 4,644, ,832, (188,381.62) Lost and Damaged Textbooks Sale of Equipment Insurance Loss Recovery , , , Total Local 130,249, ,372, ,877, OTHER SOURCES: Transfers In* ,521, ,892, (2,371,509.30) Total Other Sources 13,521, ,892, (2,371,509.30) TOTAL EST REVENUE & OTHER SOURCES 443,984, ,164, ,819, FUND BALANCE AT BEGINNING OF YEAR: Nonspendable Inventory ,100, ,077, , Restricted for State Categorical Programs ** ,563, ,795, (3,231,362.05) Restricted for Other Grants and Programs ** ,953, ,287, (333,796.94) Assigned for Contract Commitments ** ,156, , ,711, Assigned for Carryover Appropriations ** ,772, ,849, (77,086.48) Assigned for Projected Operating Deficit ,000, ,100, (3,100,000.00) Unassigned 6% Minimum per Board ,200, ,300, , Unassigned ,400, ,393, (993,131.86) Total Beginning Fund Balance 27XX 65,146, ,247, (5,101,307.22) TOTAL EST REVENUE AND BEGINNING FD BAL 509,130, ,412, ,718, * See Detail ** Included in Carryover Appropriations 1-5

40 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL GENERAL FUND ESTIMATED REVENUE DETAIL Object Project Number Source SubSource Number Tentative Budget Difference 2XX Federal Other Early Education Training & Support , (117,171.00) Total Federal Other , (117,171.00) 310 FEFP Compression Adjustment 10,644, ,722, , FEFP Digital Learning Allocation 1,159, , , FEFP DJJ Supplement 38, , (3,260.00) 310 FEFP ESE Guarantee 15,868, ,493, , FEFP Instructional Materials 4,996, ,058, (62,324.00) 310 FEFP Merit Award Program FEFP Reading 2,682, ,683, (464.00) 310 FEFP Safe Schools 1,058, ,077, (18,437.00) 310 FEFP Supplemental Academic Instr. 13,045, ,770, , FEFP Tchr Classroom Supply Assistance 986, , FEFP Teacher Salaries & Benefits FEFP Transportation 10,937, ,809, , FEFP Unrestricted FEFP 163,022, ,512, ,510, FEFP Virtual Education Contribution 68, , (50,264.00) Total FEFP 224,510, ,999, ,511, Misc State Collaborative Curr Challenge Grant , (25,000.00) 399 Misc State Criminal Justice Grant , , , Misc State Postsec Educ Readiness Test Grant 13608X1 15, , (352.21) 399 Misc State Wellness Grant Misc State Other Misc State , (1,500.00) Total Misc State 69, , (4,621.21) 440 Gifts/Grants County Comm STEM Funding , , Gifts/Grants Education In The Park , (25,000.00) 440 Gifts/Grants Education Found Elem STEM Grant , , Gifts/Grants MyCFE4Schools Prog Donations , , Gifts/Grants Valencia Readiness/Transition , , Total Gifts/Grants 449, , , Misc Local Bellalago Management Fee ,000, ,000, Misc Local Brighthouse Licensing Agreement , , Misc Local CBC Education Liaison Sal Reimb , , Misc Local Certification Fees , , (20,000.00) 495 Misc Local DELL Purchase Rebates , , (30,000.00) 495 Misc Local Drug Testing , , (5,000.00) 495 Misc Local E Rate , , , Misc Local Fingerprinting , , Misc Local Fiscal Agent Fee , , Misc Local Foundation Salaries Reimbursed , , Misc Local HMH Elem Instructional Trainer , (35,000.00) 495 Misc Local HMH Midd Sch Instructional Trainer , , Misc Local Inter District Gap Course Collab , (73,794.76) 495 Misc Local Medicaid ,500, ,700, (200,000.00) 495 Misc Local My Office Products Rebates , (15,000.00) 495 Misc Local OCEA President Sal Reimb , , Misc Local P card Rebates , , Misc Local Salaries Reimbursed from Internal , , , Misc Local Traffic Education Fund , , (32,006.88) 495 Misc Local Waste Services , , Misc Local Other Misc Local Total Misc Local 4,644, ,832, (188,381.62) 630 Transfers In Charter Capital ,384, ,050, (665,304.00) 630 Transfers In Line Items 101XXXX 1,492, ,298, (806,636.35) 630 Transfers In Maintenance (95% fcn 8100) ,898, ,747, (848,568.95) 630 Transfers In Portable Rental ,400, ,270, , Transfers In Property Casualty Insurance ,345, ,526, (181,000.00) Total Transfers In 13,521, ,892, (2,371,509.30) 1-6

41 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL GENERAL FUND APPROPRIATIONS AND ENDING FUND BALANCE ACCT Use NO. Tentative Budget Difference APPROPRIATIONS Instruction ,178, ,797, (2,618,319.66) Pupil Personnel Services ,310, ,175, ,134, Instructional Media Services ,688, ,621, , Instructional & Curriculum Development Services ,869, ,806, , Instructional Staff Training Services ,600, ,264, , Instruction Related Technology ,082, ,747, , Board of Education ,196, ,789, , General Administration ,412, ,395, , School Administration ,402, ,088, ,313, Facilities Acquisition & Construction ,637, ,339, , Fiscal Services ,233, ,116, , Food Services , , , Central Services ,634, ,288, ,345, Pupil Transportation Services ,304, ,855, ,449, Operation of Plant ,093, ,823, , Maintenance of Plant ,020, ,158, (137,816.41) Administrative Technology Services ,380, ,429, (48,933.08) Community Services ,278, , ,359, Debt Service , , , Total Appropriations 467,475, ,661, ,814, OTHER USES: Transfers Out Total Other Financing Uses CURRENT APPROPRIATIONS AND OTHER USES 467,475, ,661, ,814, ESTIMATED REVENUES LESS CURRENT APPROPRIATIONS (2,044,870.01) (5,119,945.37) 3,075, ESTIMATED REVENUES LESS TOTAL APPROPRIATIONS (23,491,233.11) (28,496,807.31) 5,005, FUND BALANCE AT END OF YEAR: Nonspendable Inventory ,100, ,078, , Restricted for State Categorical Programs ** Restricted for Other Grants and Programs ** Assigned for Contract Commitments ** Assigned for Carryover Appropriations ** Assigned for Projected Operating Deficit Unassigned 6% Minimum per Board ,600, ,700, , Unassigned ,955, ,972, (1,017,733.02) Total Ending Fund Balance 27XX 41,655, ,750, (95,733.02) TOTAL APPROPRIATIONS AND ENDING FUND BAL 509,130, ,412, ,718,

42 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA LINE ITEM BUDGET ALLOCATIONS ADMINISTRATOR PROJ NO PROJECT DESCRIPTION FUNDING 2016 RECOMMENDED 1 Angela Marino LIIS SOFTWARE MAINTENANCE FEFP 317, Belynda Pinkston EMPLOYEE CHAPERONES STUDENT TRAVEL FEFP 4, ICARNEGIE LOCAL 49, ADOBE SOFTWARE FEFP 58, Beth Rattie SUMMER OPS ARC AND COMMITMENT FEFP 60, Clyde Wells SOFTWARE (EBUILDER), CONSULT FEES CAPITAL REIMB 111, CONTINGENCY FOR MAJOR MAINT CAPITAL 600, BACKFLOW INSPECTIONS & REPAIR CAPITAL 15, CHILLER MAINT AGREEMENT/REPAIR CAPITAL 160, MAINTENANCE COUNTY OFFICE FEFP 85, MAINTENANCE SHOES FEFP 17, HVAC PREVENTIVE MAINT & FILTER CAPITAL 90, INSPECTION FIRE ALARM,EXT HOOD CAPITAL 140, FIRE SPRINKLER SYSTEM INSPECTIONS CAPITAL 75, RETENTION PONDS CLEAN/MAINT CAPITAL 20, REFRIGERANT RECOVERY CAPITAL 5, ELEVATOR INSPECTION CAPITAL 28, BUILDING OFFICIAL CAPITAL REIMB 18, GENERATOR REPAIR/MAINT COUNTYWIDE FEFP 8, FIRE EXTINGUISHER INSPECTIONS, REPAIR FEFP 75, WATER TREATMENT SVCS CAPITAL 25, CUSTODIAL EQUIPMENT FOR SPT FEFP 10, ENVIRONMENTAL DRINKING WATER TESTING FEFP 5, Dalia Medina INSYNC EDUCATION LICENSE FEFP 32, Dana Schafer PUBLICATIONS & ADVERTISING LOCAL 50, PARENT GUIDE/CALENDAR FEFP 22, WEBSITE/MOBIL APP/EMERGENCY NOTIFICATION FEFP 152, CHOICE POINT CRIMINAL HISTORY FEFP 33, Daryla Bungo PSYCHOEDUCATIONAL EVAL INSTRUMENTS & PROTOCOLS FEFP 55, OPS FOR PSYCHOLOGICAL SERVICES FEFP 25, Janice Franceschi NEW TEACHER MENTOR FEFP 60, PROFESSIONAL DEV ACTIVITIES FEFP 150, PROFESSIONAL DEV OPS CONTRACTS FEFP 5, Janine Jarvis COLLEGE BD/DATA ANALYSIS CONTRACT FEFP TESTING PRINTER/SCANNER MAINT FEFP 10, SUMMER END OF COURSE (EOC) RETAKES FEFP 20, END OF YEAR ASSESSMENTS FEFP 250, PERT MATH SUBTEST FEFP 4, EOC PERT MATH FEFP 12, John Boyd LEGISLATIVE CONSULTANT (MIXON) FEFP 30, OCEA/TEAMSTERS LEAVE (SUBS) FEFP 5, NEGOTIATION TEAM FEFP 7,

43 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA LINE ITEM BUDGET ALLOCATIONS ADMINISTRATOR PROJ NO PROJECT DESCRIPTION FUNDING 2016 RECOMMENDED 43 John Boyd SCHOOL BOARD POLICY MANUAL FEFP 5, Ken DeBord ATHLETIC INSURANCE FEFP 247, INSURANCE REIMBURSEMENT FEFP 65, PROPERTY CASUALTY INSURANCE CAPITAL 2,345, LIGHT DUTY/ADA ACCOMODATIONS FEFP 10, PUBLIC OFFICIAL BONDS FEFP ACTUARIAL SERVICES FEFP 16, TAX SHELTER PLAN ADMIN FEFP 45, W/C SELF INSURER ASSESSMENT FEFP 75, FLOOD INSURANCE FEFP 25, HEP B / TRAINING & SHOTS FEFP 2, STATE & FEDERAL LABOR LAW POST FEFP 4, WORKERS COMPENSATION INSURANCE FEFP 1,706, FUEL STORAGE TANK REGISTRATION FEE FEFP Lissette Brizendine ENVIRONMENTAL CENTER FEFP 58, STIPENDS FOR PRE PLANNING TRNG FEFP 2, GRANT WRITING SERVICES FEFP 5, ADMINISTRATOR'S ACADEMY FEFP 5, Mark Munas ADMIN COMPLEX SECURITY FEFP 13, SECURITY SYSTEM REPAIRS DIST WIDE CAPITAL 242, SUPPLEMENTAL SAFE SCHOOLS FEFP 268, PBS TRAINING FEFP 15, Mel Pace PRINT SHOP HARDWARE & SOFTWARE FEFP 21, PRINT SHP COPIER LEASE FEFP 75, FOCUS GRADEBOOK TRAINING FEFP 30, DESTINY RESOURCE MGMT MAINTENANCE FEFP 86, OFFICE 365 STAFF TRAINING FEFP 35, Michael Akes RENTAL OF FACILITIES (GRAD) FEFP 73, SACS ANNUAL DUES SCHOOLS FEFP 37, SAC MEETINGS, TRNG & SUPPORT FEFP 2, CERTIFIED ATHLETIC TRAINING FEFP 17, ATHLETIC OFFICIALS & REFEREES FEFP 140, MIDDLE SCHOOL ATHLETICS FEFP 50, STUDENT TUTORING & SMARTHINKING FEFP 30, SUMMER OPS GUIDANCE COUNSELORS FEFP 160, POOL RENTAL AND HEATING FEFP 40, SUMMER OPS ATHLETIC DIRECTORS FEFP 14, GIFTED CONSULTANT SERVICES FEFP 40, Michael Allen FINE ARTS SUPPORT FEFP 122, Migdalia Mercado ANNUAL AUDITS FEFP 180, FINANCE PRINTED MATERIALS & ANALYSIS FEFP 7, CO & DS ADMIN EXPENSE CO&DS 37,

44 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA LINE ITEM BUDGET ALLOCATIONS ADMINISTRATOR PROJ NO PROJECT DESCRIPTION FUNDING 2016 RECOMMENDED 85 Randy George IBM COMPUTER SYSTEM ANN PMT FEFP 12, MICROFILMING/SCANNING FEFP 10, TAPE VAULTING, DATA PROJECT FEFP 24, MIS SOFTWARE MAINTENANCE FEFP 27, COMP OPERATIONS SUPP & MAINT FEFP 10, RECORDS MGMT OPERATIONS FEFP 9, SHAREPOINT LICENSE & SUPPORT FEFP 22, SOFTWARE APP TO ENCRYPT SENSITIVE DATA FEFP 12, Rhonda Blake DDP AND REDISTRICTING FEFP 28, FISH SIGNAGE FEFP 5, EDUCATIONAL PLANT SURVEY FEFP 38, Russell Holmes COMPUTER/SERVER SUPPORT FEFP 70, PHONE SYSTEM/FAX SERVER CAPITAL 27, INTERCOM REPAIRS DIST WIDE CAPITAL 50, DIST WIDE TELECOMMUNICATIONS FEFP 505, NETWORK HRDWR, SFTWR & MAINT FEFP 623, TECHNOLOGY OVERTIME TESTING FEFP 12, MICROSOFT EES FEFP 360, Shawn Tucker TRANSPORTATION SUMMER PAY FEFP 175, TRANSP RADIO COMMUNICATIONS FEFP 57, TRANSPORTATION ROUTING MGMT SYSTEM FEFP 76, Sonia Esposito CHOICE PROGRAMS MARKETING FEFP 6, Stacey Mcmillian POSTAGE & UPS CO FEFP 50, XEROX PAPER & COPY CHARGES CO FEFP 30, TERMITE TREATMENTS CAPITAL 15, STORAGE TRAILER RENT/SUPPLIES FEFP 5, MOVING/ SURPLUS PROP PK UP FEFP 20, SUPERINTENDENT SEARCH FEFP 30, Superintendent LOBBYING EFFORTS (OLE) FEFP 120, LEGAL FEES FEFP 1,200, BOARD MEETING MGMT/EQUIPMENT FEFP 7, DISTRICT MEMBERSHIP DUES FEFP 65, FOUNDATION SUPPORT WASTE MGMT LOCAL 220, PROMOTIONS & PUBLIC RELATIONS LOCAL 50, BOARD MEMBER EXPENSES LOCAL 15, Tammy Otterson UNEMPLOYMENT CLAIMS FEFP 200, RECRUITMENT FEFP 10, TSSI SUBSTITUTE CALLING SYSTEM FEFP 36, FINGERPRINTING FEFP 175, DRUG TESTING FEFP 50, EAP PROGRAM FEFP 82, PHYSICALS FOR BUS DRIVERS FEFP 22,

45 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FLORIDA LINE ITEM BUDGET ALLOCATIONS ADMINISTRATOR PROJ NO PROJECT DESCRIPTION FUNDING 2016 RECOMMENDED 127 Tammy Otterson DIFFERENTIATED PAY FEFP 10, ATHLETIC COACHING SUPPL NON EMP FEFP 120, UCF INTERN PROGRAM FEFP 15, PRE EMPLOYMENT PARAPRO TESTING FEFP 3, Todd Seis TERMINAL PAY FEFP 2,000, LONG TERM SUBS > 10 DAYS FEFP 800, START UP SUPPLIES NEW SCHOOLS FEFP 25, Tom Phelps BUS MONITORS FEFP 35, AED INSPECTION AND MAINTENANCE FEFP 3, VISION QUEST FEFP 30, Grand Total $ 16,866,

46 FUND 2XX DEBT SERVICE FUND

47 FUND 2XX DEBT SERVICE FUND BUDGET This fund is used to account for the accumulation of resources for, and the payment of, long term debt principal, interest, and related costs. Funding sources, as projected in the attached statement, consist of the following: Federal direct subsidy related to Qualified School Construction Bonds. State Capital Outlay and Debt Service allocations used to retire bonds issued on behalf of the District by the State. The Board s share of the one cent local option sales tax levied by the county used to retire revenue bonds issued in Lease payments from Four Corners Charter School, Inc. used to retire Certificates of Participation issued to construct the Four Corners facilities. Transfers from capital projects funds used to retire Certificates of Participation, loans from Indian River and Collier School Boards from Classrooms First funds, and obligations to the Bellalago Educational Facilities Benefit District. 2-2

48 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL DEBT SERVICE FUND ESTIMATED REVENUES ACCT. NO Tentative Budget Source Difference FEDERAL: Federal Direct QSCB Subsidy ,177, ,179, (2,349.00) Total Federal 2,177, ,179, (2,349.00) STATE: CO & DS withheld for SBE/COBI Bonds ,617, , ,171, SBE.COBI Bond Total State 1,617, , ,171, LOCAL: Sales Tax ,790, ,337, , Lease Payments and Other ,118, ,121, (2,353.44) Interest on Investments (incl. net change) , (168,005.72) Total Local 12,909, ,626, , OTHER SOURCES: Transfers In ,890, ,060, , Interfund Transfers Proceeds/Premium on Refunding Bonds ,268, (12,268,661.25) Total Other Sources 20,890, ,328, (11,438,115.73) TOTAL ESTIMATED REVENUE & OTHER SOURCES 37,595, ,580, (9,985,489.00) Restricted for Debt Service ,827, ,592, ,235, Total Beginning Fund Balance 9,827, ,592, ,235, TOTAL EST REVENUE AND BEGINNING FD BAL 47,423, ,173, (8,750,205.83) 2-3

49 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL DEBT SERVICE FUND SUMMARY OF APPROPRIATIONS AND FUND BALANCES ACCT Use NO. Tentative Budget Difference Redemption of Principal ,795, ,933, , Interest ,177, ,995, (818,007.63) Dues and Fees , , (130,036.80) Payments to Refunding Bond Escrow Agent ,134, (12,134,168.24) Total Debt Service Appropriations 30,017, ,238, (86,837.51) OTHER USES: Transfers Out ,530, ,106, ,423, Total Other Financing Uses 5,530, ,106, ,423, TOTAL APPROPRIATIONS AND OTHER USES 35,548, ,345, ,336, ESTIMATED REVENUE LESS APPROPRIATIONS 2,047, ,235, , FUND BALANCE AT END OF YEAR: Restricted for Debt Sevice ,874, ,827, ,047, Total Ending Fund Balance 11,874, ,827, ,047, TOTAL APPROPRIATIONS AND ENDING FD BAL 47,423, ,173, (8,750,205.83) 2-4

50 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL DEBT SERVICES FUND ESTIMATED REVENUES AND APPROPRIATIONS BY FUND A 2A C 29Y 29Z ACCT. SBE Bonds Classrooms First 2007 Sales Tax Bd Bellalago EFBD 1999 COP 2004 COP 2005 COP Source NO. N01, N02 Series A & B CURRENT BALANCE 167, ,581, , Est Additional Receipts (Est Additional Expenditures) BEGINNING FUND BALANCE 167, ,581, , ESTIMATED REVENUE: FEDERAL DIRECT QSCBs 0199 CO&DS ,617, LOCAL SALES TAX ,790, LEASE ,118, TRANSFERS IN ,708, , TOTAL ESTIMATED REVENUE & OTHER SOURCES 1,617, ,708, ,790, , ,118, TOTAL ESTIMATED REVENUES AND BEGINNING FD BAL 1,785, ,708, ,371, , ,040, APPROPRIATIONS: PRINCIPAL ,314, ,372, ,520, , , INTEREST , , ,714, , , DUES & FEES , , TRANSFERS OUT ,530, TOTAL APPROPRIATIONS & OTHER USES 1,648, ,708, ,769, , ,103, ESTIMATED REVENUE LESS APPROPRIATIONS (31,131.95) (978,501.06) 15, FUND BALANCE AT END OF YEAR: RESTRICTED , , , ENDING FUND BALANCE 136, , , TOTAL APPROPRIATIONS AND ENDING FD BAL 1,785, ,708, ,371, , ,040,

51 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL DEBT SERVICES FUND ESTIMATED REVENUES AND APPROPRIATIONS BY FUND A3 2A9 2A8 2A7 2B1 ACCT COP 2009 COP 2010 COP 2013 COP 2014 COP Total Grand Source NO. COPs Total CURRENT BALANCE 7,157, ,078, ,827, Est Additional Receipts (Est Additional Expenditures) BEGINNING FUND BALANCE 7,157, ,078, ,827, ESTIMATED REVENUE: FEDERAL DIRECT QSCBs ,177, ,177, ,177, CO&DS ,617, LOCAL SALES TAX ,790, LEASE ,118, ,118, TRANSFERS IN ,465, ,773, ,571, ,029, ,900, ,741, ,890, TOTAL ESTIMATED REVENUE & OTHER SOURCES 3,465, ,773, ,749, ,029, ,900, ,037, ,595, TOTAL ESTIMATED REVENUES AND BEGINNING FD BAL 3,465, ,773, ,906, ,029, ,900, ,116, ,423, APPROPRIATIONS: PRINCIPAL , ,935, ,210, ,660, ,405, ,795, INTEREST ,589, , ,696, ,812, , ,534, ,177, DUES & FEES , , , , , , , TRANSFERS OUT ,530, TOTAL APPROPRIATIONS & OTHER USES 3,465, ,773, ,707, ,029, ,900, ,980, ,548, ESTIMATED REVENUE LESS APPROPRIATIONS 3,041, ,056, ,047, FUND BALANCE AT END OF YEAR: RESTRICTED ,199, ,135, ,874, ENDING FUND BALANCE 10,199, ,135, ,874, TOTAL APPROPRIATIONS AND ENDING FD BAL 3,465, ,773, ,906, ,029, ,900, ,116, ,423,

52 School District of Osceola County, FL Future Debt Service Payments As of 06/30/ A 2A Z 2A3 SBE Bonds Classrooms First 2007 Sales Tax Bd Bellalago EFBD 2005 COP 2007 COP N01, N02 Series A & B PROJECTS FUNDED Various Projects Narcoossee Comm. School, Discovery Int., Kissimmee Middle, Reedy Creek Elem., Liberty High Partin Settlement Elem., Poinciana Elem., Celebration High, buses, other misc. renovations Bellalago Charter School Four Corners Charter School Celebration High, Poinciana High Auditorium, Osceola County School for the Arts INTEREST RATE PRINCIPAL AMOUNT OUTSTANDING Principal & Interest Payments Due in: ,114, ,926, ,220, ,863, ,850, ,160, ,648, ,708, ,234, , ,098, ,459, ,611, ,708, ,233, , ,098, ,469, , ,231, , ,101, ,467, , ,231, , ,092, ,468, , ,231, , ,091, ,532, , ,230, , ,093, ,528, , ,232, , ,093, ,539, , ,229, , ,090, ,538, , ,232, , ,090, ,536, , ,234, , ,088, ,268, , , ,385, , ,388, , , , , , , , TOTAL: 8,553, ,417, ,323, ,052, ,939, ,583, *Principal and interest payments shown for the 2010 COP's are net of an annual federal direct subsidy of $2,177,

53 School District of Osceola County, FL Future Debt Service Payments As of 06/30/15 PROJECTS FUNDED INTEREST RATE PRINCIPAL AMOUNT OUTSTANDING 2A9 2A8 2A7 2A7 Total Total 2009 COP 2010 COP 2013 COP 2014 COP COPs Debt Poinciana High, Horizon Middle, Kissimmee Elem, Osceola High Additions Renovations: Osceola High, Thacker Avenue Elementary, Highlands Elementary Refinance 2004A COP Refinance remaining portion of 2004A COP; 2004B COP and 2004C COP (net of subsidy)* ,140, ,500, ,580, ,460, ,690, ,813, Principal & Interest Payments Due in: TOTAL: 3,768, , ,022, ,894, ,761, ,794, ,775, , ,014, ,892, ,768, ,751, ,772, , ,017, ,889, ,768, ,397, ,767, , ,018, ,890, ,757, ,201, ,720, , ,877, , ,822, ,173, ,724, , ,878, , ,824, ,148, ,724, , ,873, , ,830, ,058, ,724, , ,870, , ,823, ,982, ,722, , ,874, , ,823, ,809, , ,871, , ,828, ,682, , ,755, , ,740, ,231, ,018, ,752, , ,241, ,546, ,560, ,685, ,246, ,534, , , , , , , ,700, ,727, ,386, ,897, ,236, ,583,

54 Debt Capacity Analysis Board Revised 07/07/2015 Estimated Revenue Tax Roll 21,129,933,005 21,975,130,325 22,854,135,538 23,768,300,960 24,719,032,998 25,707,794,318 Millage Total Tax (Tax Roll * Millage * Collection) ,427, ,644, ,909, ,226, ,595, ,019, Debt Service Appropriations SERIES CHARGE ID COP 2004 Debt Service A * COP 2004 Debt Service B * COP 2004 Debt Service C * COP 2005 Debt Service A * 1,106, ,106, ,109, ,100, ,099, ,101, COP 2007 Debt Service A * 3,465, ,472, ,471, ,472, ,536, ,532, COP 2009 Debt Service A * 3,773, ,778, ,776, ,771, ,723, ,727, COP 2010 Debt Service A * 5,559, ,551, ,551, ,551, ,551, ,551, COP 2010 Debt Service A QSCB Subsidy (2,177,523.00) (2,177,523.00) (2,177,523.00) (2,177,523.00) (2,177,523.00) (2,177,523.00) COP 2013 Debt Service A * 4,029, ,018, ,022, ,022, ,882, ,883, COP 2014 Debt Service A * 1,900, ,892, ,889, ,890, , , Bellalago Benefit District PF * 440, , , , , , N01 Classroom First Loan Collier County * 2,811, ,811, N02 Classroom First Loan Indian River * 897, , Total Debt Service Needs 21,807, ,780, ,065, ,039, ,090, ,082, Estimated Debt Service Minus Needs 8,619, ,863, ,844, ,186, ,504, ,936, Millage Required to Meet Debt Service Needs Millage Available for Capital Expenditures Percent Indebted 71.7% 68.8% 54.9% 52.7% 50.8% 48.8% 2-9

55 FUND 3XX CAPITAL PROJECTS FUND

56 FUND 3XX CAPITAL PROJECTS FUND BUDGET This fund reports the revenue and expenditures for construction and renovations of school buildings and grounds. Funds are accounted for by source and year of appropriation. Public Education Capital Outlay funds (PECO) are one source of state revenue for Capital Projects. These funds are derived from utility taxes throughout the state and are allocated by the Legislature each year. PECO funds provide for maintenance and renovation of existing facilities and health and safety needs. Capital Outlay (CO) and Debt Service (DS) revenues are derived from motor vehicle license tag fees. The Board also generates capital revenue by levying capital outlay taxes. By law, this tax millage is limited to 1.5 mills and is currently set at the maximum. The District also receives impact fees charged against new residential construction. The District receives a portion of the one cent infrastructure sales tax levied by the county. The excess of these revenues are transferred in from the debt service fund after payment of the sales tax bonds. Based on an inter local agreement the District receives 25% of the revenue generated through The majority of funds must be expended on Capital Outlay Projects in accordance with State Board Regulations. These regulations require recommendation of a school plant survey which must be conducted at least every five years. 3-2

57 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL CAPITAL REVENUE HISTORY & PROJECTIONS Capital Outlay Tax ,289, ,088, % ,335, % ,092, % ,142, % ,783, % ,707, % ,367, % ,438, % * 28,263, % * 30,427, % * 31,644, % * 32,909, % * 34,226, % * 35,595, % 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 Impact Fees ,493, ,535, % ,428, % ,680, % ,523, % ,768, % ,651, % ,286, % ,612, % * 24,000, % * 26,040, % * 27,472, % * 28,983, % * 30,577, % * 32,259, % 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 Sales Tax ,948, ,998, % ,292, % ,143, % ,035, % ,511, % ,925, % ,416, % ,600, % * 11,337, % * 11,790, % * 12,262, % * 12,752, % * 13,262, % * 13,793, % 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 PECO ,875, ,749, % ,776, % ,453, % ,719, % , % ,515, % % % ,016, % * 655, % * 0.0% * 0.0% * 0.0% * 0.0% 20,000,000 18,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 *Projections 3-3

58 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SUMMARY PROPOSED FIVE YEAR CAPITAL OUTLAY PLAN BEGINNING FUND BALANCE & ESTIMATED REVENUES BEGINNING FUND BALANCE Capacity 29,505,929 36,206,269 24,388,000 10,214,257 16,554,050 Carryover Capacity 4,500,885 Non Capacity 2,842,372 3,348,090 4,678,000 7,752,366 12,646,967 Carryover Non Capacity 11,796,972 Total Beginning Fund Balance 48,646,158 39,554,359 29,066,000 17,966,623 29,201,017 ESTIMATED REVENUES Capacity Sources 26,408,944 27,865,789 29,353,285 30,918,117 32,622,032 Non Capacity Sources 39,598,576 39,184,401 40,926,219 42,742,827 44,633,949 Total Estimated Revenues 66,007,520 67,050,190 70,279,504 73,660,944 77,255,981 Total Beginning Fund Balance & Estimated Revenues 114,653, ,604,549 99,345,504 91,627, ,456,998 APPROPRIATIONS & PROJECTED ENDING FUND BALANCE APPROPRIATIONS Capacity 24,209,489 39,684,059 43,527,029 24,578,324 3,741,532 Non Capacity 50,889,830 37,854,491 37,851,853 37,848,225 39,804,480 Total Appropriations 75,099,319 77,538,549 81,378,881 62,426,549 43,546,012 PROJECTED ENDING FUND BALANCE Capacity 36,206,269 24,388,000 10,214,257 16,554,050 45,434,550 Non Capacity 3,348,090 4,678,000 7,752,366 12,646,967 17,476,436 Total Ending Fund Balance 39,554,359 29,066,000 17,966,623 29,201,017 62,910,986 Total Appropriations & Projected Ending Fund Balance 114,653, ,604,549 99,345,504 91,627, ,456,

59 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL PROPOSED FIVE YEAR CAPITAL OUTLAY PLAN CAPACITY BEGINNING FUND BALANCE & ESTIMATED REVENUES BEGINNING FUND BALANCE Restricted for Capital Projects 29,505,929 36,206,269 24,388,000 10,214,257 16,554,050 Restricted for Carryover Appropriations 4,500,885 Total Beginning Fund Balance 34,006,814 36,206,269 24,388,000 10,214,257 16,554,050 ESTIMATED REVENUES Impact Fees 26,040,242 27,472,455 28,983,440 30,577,529 32,259,293 Flora Ridge EFBD 296, , , , ,354 Interest 71,821 90,516 60,970 25,536 41,385 Total Estimated Revenues 26,408,944 27,865,789 29,353,285 30,918,117 32,622,032 Total Beginning Fund Balance & Estimated Revenues 60,415,758 64,072,059 53,741,285 41,132,374 49,176,082 APPROPRIATIONS & ENDING FUND BALANCE APPROPRIATIONS NEW SCHOOL PROJECTS HIGH SCHOOLS High School HHH 3,000,000 30,000,000 35,000,000 Total New School Projects 3,000,000 30,000,000 35,000,000 DEBT SERVICE USED TO FUND CAPACITY Repay LOANS Long Term (COPs) 4,197,470 4,182,843 4,181,813 4,183,489 2,293,898 Repay LOANS Long Term (Class 1st) 3,708,892 3,708,892 Repay LOANS EFBD 440, , , , ,972 Total Debt Service Used To Fund Capacity 8,347,089 8,320,237 4,604,293 4,590,997 2,686,870 CLASSROOM CAPACITY PROJECTS Discovery Intermediate Space Reconfiguration 1,700,000 Gateway High School Space Reconfiguration 1,500,000 Harmony High School Space Reconfiguration 700,000 Horizon Middle School Space Reconfiguration 500,000 Poinciana High School Wing Addition 7,000,000 Total Classroom Capacity Projects 3,900, ,000 7,000,000 OTHER CAPACITY PROJECTS Buses New 461, , , ,327 1,054,662 Transportation Ancillary Facility 4,000,000 Land 3,000,000 12,000,000 Total Other Capacity Projects 4,461, ,822 3,922,736 12,987,327 1,054,662 CARRYOVER Celebration K8: Space Reconfiguration 284,179 Celebration High School Wing Addition 4,511 Chestnut Elementary Space Reconfiguration 79,629 Portables 1,247,620 Gateway Rifle Range (ROTC) 60,000 Harmony High School Wing Addition 1,626,272 Horizon Middle Space Reconfiguration 447,583 Kissimmee Middle Space Reconfiguration 668,312 Sunrise Elementary Space Reconfiguration 82,778 Total Carryover 4,500,885 Total Appropriations 24,209,489 39,684,059 43,527,029 24,578,324 3,741,532 Annual Surplus/(Deficiency) 2,199,456 (11,818,269) (14,173,743) 6,339,793 28,880,500 PROJECTED ENDING FUND BALANCE Restricted for Capital Projects 36,206,269 24,388,000 10,214,257 16,554,050 45,434,550 Total Ending Fund Balance 36,206,269 24,388,000 10,214,257 16,554,050 45,434,550 Total Appropriations & Ending Fund Balance 60,415,758 64,072,059 53,741,285 41,132,374 49,176,

60 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL PROPOSED FIVE YEAR CAPITAL OUTLAY PLAN NON CAPACITY BEGINNING FUND BALANCE & ESTIMATED REVENUES BEGINNING FUND BALANCE Restricted for Capital Projects 2,842,372 3,348,090 4,678,000 7,752,366 12,646,967 Restricted for Carryover Appropriations 11,796,972 Total Beginning Fund Balance 14,639,344 3,348,090 4,678,000 7,752,366 12,646,967 ESTIMATED REVENUES CO&DS Flowthrough 591, , , , , Mill CO TAX 30,427,104 31,644,188 32,909,955 34,226,353 35,595,408 1/4 Cent Sales Tax Net Flowthrough 5,530,357 4,555,939 5,028,665 5,521,189 6,031,020 PECO Regular 655,269 Charter Capital 2,384,896 2,384,896 2,384,896 2,384,896 2,384,896 Interest 9,942 8,370 11,695 19,381 31,617 Total Estimated Revenues 39,598,576 39,184,401 40,926,219 42,742,827 44,633,949 Total Beginning Fund Balance & Estimated Revenues 54,237,920 42,532,490 45,604,218 50,495,192 57,280,916 APPROPRIATIONS & ENDING FUND BALANCE APPROPRIATIONS REOCCURRING PROJECTS Health & Safety 950, , , , ,000 General School Maintenance Salaries (Tsf to General Fund) 5,898,921 5,898,921 5,898,921 5,898,921 5,898,921 General School Maintenance Non Salary (Tsf to General Fund) 242, , , , ,000 General School Maintenance Line Items (Tsf to General Fund) 1,250,224 1,250,224 1,250,224 1,250,224 1,250,224 Property Casualty Insurance (Tsf to General Fund) 2,345,000 2,345,000 2,345,000 2,345,000 2,345,000 Charter Capital (Tsf to General Fund) 2,384,896 2,384,896 2,384,896 2,384,896 2,384,896 Portable Rent (Tsf to General Fund) 1,400,000 1,600,000 1,600,000 1,600,000 1,600,000 General Schools Facilities Operations (Reimb to General Fund) 1,812,006 1,812,006 1,812,006 1,812,006 1,812,006 General Schools Facilities Line Items (Reimb to General Fund) 222, , , , ,800 Athletic Facilities 70,000 70,000 70,000 70,000 70,000 Technology Infrastructure 1,350,000 1,350,000 1,350,000 1,350,000 1,350,000 School Computers 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 Buses Replacement 1,185,000 1,185,000 1,185,000 1,185,000 1,185,000 Transportation/Maintenance Communication Upgrade 1,371,000 Portable Installation (Includes technology) 1,074,628 1,000,000 1,000,000 1,000,000 1,000,000 Total Reoccurring Projects 22,556,475 21,310,847 21,310,847 21,310,847 21,310,847 RENOVATION/REMODELING PROJECTS Cyclical Capital Renewal 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 Total Renovation/Remodeling 4,000,000 4,000,000 4,000,000 4,000,000 4,000,000 DEBT SERVICE Repay LOANS Long Term (COPs) (Total) 16,741,045 16,726,486 16,722,818 16,720,866 16,787,531 Repay LOANS Long Term (Classrooms 1st) 3,708,892 3,708,892 Repay LOANS EFBD 440, , , , ,972 Charge to Capacity (8,347,089) (8,320,237) (4,604,293) (4,590,997) (2,686,870) Total Debt Service 12,543,576 12,543,643 12,541,005 12,537,378 14,493,633 CARRYOVER RECURRING PROJECTS Health & Safety 1,124,568 Athletic Facilities 79,761 Technology Infrastructure 211,019 School Computers 422,545 LIIS 205,950 Buses Replacement 1,855,826 Maintenance 2,467,279 Portable Installation 508,477 RENOVATION/REMODELING PROJECTS Celebration K8 Hearth Remodel 634,142 Cyclical Capital Renewal 4,280,212 Total Carryover 11,789,779 Total Appropriations 50,889,830 37,854,491 37,851,853 37,848,225 39,804,480 Annual Surplus/(Deficiency) (11,291,254) 1,329,910 3,074,366 4,894,601 4,829,469 PROJECTED ENDING FUND BALANCE Restricted for Capital Projects 3,348,090 4,678,000 7,752,366 12,646,967 17,476,436 Total Ending Fund Balance 3,348,090 4,678,000 7,752,366 12,646,967 17,476,436 Total Appropriations & Ending Fund Balance 54,237,920 42,532,490 45,604,218 50,495,192 57,280,

61 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL CAPITAL PROJECTS FUND ESTIMATED REVENUES ACCT Source NO. Budget Budget Difference STATE: Capital Outlay & Debt Service , , , Interest on Undistributed CO&DS PECO , ,016, (360,882.00) Charter Capital 397 2,384, ,050, (665,304.00) Other Miscellaneous State Total State 3,631, ,606, (974,964.00) LOCAL: Capital Outlay Tax (1.5 Mills) ,427, ,263, ,163, Interest , , , Grants Miscellaneous 296, , , Impact Fees ,040, ,000, ,040, Total Local 56,845, ,605, ,240, OTHER SOURCES: Transfers In 620 5,530, ,684, , Total Other Sources 5,530, ,684, , TOTAL ESTIMATED REVENUE & OTHER SOURCES 66,007, ,896, ,110, FUND BALANCE AT BEGINNING OF YEAR: Restricted for Capital Projects ,646, ,252, ,393, Total Beginning Fund Balance 48,646, ,252, ,393, TOTAL EST REVENUE AND BEGINNING FD BAL 114,653, ,149, ,504,

62 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL CAPITAL PROJECTS FUND SUMMARY OF APPROPRATIONS AND FUND BALANCES ACCT Use NO. Budget Budget Difference APPROPRIATIONS: Audio Visual Materials , (1,036.90) Buildings and Additions ,861, ,819, (2,957,967.60) Furniture, Fixtures and Equipment , , (147,292.81) Computer Equipment , , (320,264.89) Vehicle Purchase ,502, ,759, (3,257,584.70) Land Purchase , , (661.58) Site Improvements , , , Remodeling and Renovations ,479, ,466, ,012, Computer Software , , (491,347.30) Fees Total Function 7400 Appropriations 40,687, ,299, (1,612,381.25) OTHER USES: To General Fund ,521, ,892, (2,371,509.30) To Debt Service Fund ,890, ,972, , Total Other Financing Uses 34,411, ,864, (1,453,182.50) TOTAL APPROPRIATIONS AND OTHER USES 75,099, ,164, (3,065,563.75) ESTIMATED REVENUES LESS APPROPRIATIONS (9,091,800.54) (23,268,113.53) 14,176, FUND BALANCE AT END OF YEAR: Restricted for Capital Projects ,554, ,984, ,569, Total Ending Fund Balance 39,554, ,984, ,569, TOTAL APPROPRIATIONS AND ENDING FD BAL 114,653, ,149, ,504,

63 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL CAPITAL PROJECTS FUND ESTIMATED REVENUES J 3A7 34N 34O I 37J 37K 37L 37N ACCT. Capital Projects Sales Tax Charter CO & DS Source NO. LCIF Flowthrough Capital PECO PECO CO TAX CO TAX CO TAX CO TAX CO TAX STATE: Capital Outlay & Debt Service , PECO , Charter Capital 397 2,384, Total State ,384, , , LOCAL: Capital Outlay Tax (1.5 Mills) 413 Interest 431 Miscellaneous 495 Impact Fees 496 Total Local OTHER SOURCES: Transfers In 620 5,530, Total Other Sources ,530, TOTAL ESTIMATED REVENUE & OTHER SOURCES ,530, ,384, , , FUND BALANCE AT BEGINNING OF YEAR: Restricted for Capital Projects ,703, ,512, , , , , ,781, ,862, Total Beginning Fund Balance 2,703, ,512, , , , , ,781, ,862, TOTAL EST REVENUE AND BEGINNING FD BAL 2,703, ,042, ,384, , ,044, , , , ,781, ,862,

64 ACCT. Source NO. STATE: Capital Outlay & Debt Service 321 PECO 391 Charter Capital 397 Total State LOCAL: Capital Outlay Tax (1.5 Mills) 413 Interest 431 Miscellaneous 495 Impact Fees 496 Total Local OTHER SOURCES: Transfers In 620 Total Other Sources TOTAL ESTIMATED REVENUE & OTHER SOURCES FUND BALANCE AT BEGINNING OF YEAR: Restricted for Capital Projects 2726 Total Beginning Fund Balance TOTAL EST REVENUE AND BEGINNING FD BAL 37O 380 3A8 39Q 3A K 39L 39N 39O 2016 Flora Ridge CO TAX EFBD COPS COPS Impact Fees Impact Fees Impact Fees Impact Fees Impact Fees Impact Fees Total 591, , ,384, ,631, ,427, ,427, , ,821 81, , , ,040, ,040, ,437, , ,112, ,845, ,530, ,530, ,437, , ,112, ,007, , ,654, ,155, ,646, , ,654, ,155, ,646, ,437, , , ,654, ,155, ,112, ,653,

65 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL CAPITAL PROJECTS FUND SUMMARY OF APPROPRATIONS AND FUND BALANCES J 3A7 34N 34O I 37J 37K 37L 37N ACCT. Capital Projects Sales Tax Charter CO & DS Use NO. LCIF Flowthrough Capital PECO PECO CO TAX CO TAX CO TAX CO TAX CO TAX APPROPRIATIONS: Audio Visual Materials 6200 Buildings and Additions , , , , , ,921, Furniture, Fixtures and Equipment , Computer Equipment , Vehicle Purchase , , , , , Land Purchase , Site Improvements , , , , , Remodeling and Renovations , ,914, , ,044, , , , , ,605, Computer Software , Fees 7300 Total Function 7400 Appropriations 176, ,843, , ,044, , , , , ,694, OTHER USES: To General Fund ,384, To Debt Service Fund ,165, Total Other Financing Uses ,384, ,165, TOTAL APPROPRIATIONS AND OTHER USES 176, ,843, ,384, , ,044, , , , ,777, ,694, ESTIMATED REVENUES LESS APPROPRIATIONS (176,070.40) (312,668.95) (453,240.98) (419,438.88) (763,105.24) (329,468.44) (2,777,652.85) (6,694,847.31) FUND BALANCE AT END OF YEAR: Restricted for Capital Projects ,527, ,199, , , , ,167, Total Ending Fund Balance 2,527, ,199, , , , ,167, TOTAL APPROPRIATIONS AND ENDING FD BAL 2,703, ,042, ,384, , ,044, , , , ,781, ,862,

66 ACCT. Use NO. APPROPRIATIONS: Audio Visual Materials 6200 Buildings and Additions 6300 Furniture, Fixtures and Equipment Computer Equipment Vehicle Purchase 6510 Land Purchase 6600 Site Improvements 6700 Remodeling and Renovations 6800 Computer Software 6900 Fees 7300 Total Function 7400 Appropriations OTHER USES: To General Fund 9100 To Debt Service Fund 9200 Total Other Financing Uses TOTAL APPROPRIATIONS AND OTHER USES ESTIMATED REVENUES LESS APPROPRIATIONS FUND BALANCE AT END OF YEAR: Restricted for Capital Projects 2726 Total Ending Fund Balance TOTAL APPROPRIATIONS AND ENDING FD BAL 37O 380 3A8 39Q 3A K 39L 39N 39O 2016 Flora Ridge CO TAX EFBD COPS COPS Impact Fees Impact Fees Impact Fees Impact Fees Impact Fees Impact Fees Total , , ,870, ,000, ,861, , , , , , ,185, , ,502, , , , ,109, , , ,363, ,900, ,479, , ,294, , , ,708, ,361, ,687, ,136, ,521, ,378, ,173, ,173, ,890, ,514, ,173, ,173, ,411, ,808, , , ,882, ,535, ,099, , , (10.41) (605,731.07) (186,631.51) (15,535,059.50) (15,535,059.50) (9,091,800.54) 628, , , ,467, ,273, ,577, ,554, , , , ,467, ,273, ,577, ,554, ,437, , , ,654, ,155, ,112, ,653,

67 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL TECHNOLOGY INFRASTRUCTURE CARRYOVER PROJECT FACILITY ENCUMBERED & AVAILABLE PROJECT DESCRIPTION NUMBER SCHOOL/LOCATION NUMBER COMMITTED BALANCE TECHNOLOGY INFRASTRUCTURE GATEWAY HIGH SCHOOL , , TECHNOLOGY , , SUB TOTAL 154, , GRAND TOTAL 154, , ,

68 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL TECHNOLOGY INFRASTRUCTURE NEW ITEMS PROJECT PROJECT NAME PROJECT DESCRIPTION COST ERATE erate captial funding to cover District costs at the 9 elementary schools that we applied for. 500, UPS REPLACEMENTS UPS replacements (for Data Center, MDFs, and IDFs backup power) District and School Level 150, DATA STORAGE Data Storage upgrade for Compellent System 50, SERVERS Server Upgrades District and School Level 250, DATA CENTER EQUIPMENT UPGRADES Chassis Switch replacement for Building nd Floor IDF 50, SECURITY Security Solution 100, SCHOOL UPGRADES Core Switch upgrades for SCMS, CLK8, HRMS 150, END POINT SOFTWARE Telephony replacement routers for end of life equipment 50, INTERCOM Intercom Group Capital Needs to replace copper system at HZMS with a fiber system. (Keeps getting damaged do to lightning) Current system can be reused at another school to replace end of life/support unit. 50, TOTAL 1,350,

69 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL CYCLICAL CAPITAL CARRYOVER PROJECT DESCRIPTION PROJECT FACILITY ENCUMBERED AVAILABLE NUMBER SCHOOL/LOCATION NUMBER & COMMITTED BALANCE MAINT/RENOV DISTRICT ,300, MAINTENANCE , SUB TOTAL 1,342, SAFETY WALLS PATHS AT TECO , SUB TOTAL 2, DOORS/DOOR HARDWARE BOGGY CREEK ELEMENTARY , SUB TOTAL 25, BIKE RACK FLORA RIDGE ELEMENTARY , , SUB TOTAL 20, , SIDEWALKS THE OSC CNTY FOR THE ARTS , SUB TOTAL 25, ELECTRICAL REPAIRS POINCIANA HIGH SCHOOL , SUB TOTAL , SITE DRAINAGE PLEASANT HILL ELEMENTARY , TRANSPORTATION , VENTURA ELEMENTARY , SUB TOTAL 22, , REPAIR/REPAINT DISCOVERY , KISSIMMEE MIDDLE SCHOOL , SUB TOTAL 384, DRIVEWAY/PARKING LOT RESURFACE ADMINISTRATIVE CENTER , CELEBRATION K , GATEWAY HIGH SCHOOL , , REEDY CREEK ELEMENTARY , , SUB TOTAL 71, , ROOFING ADULT LEARNING CENTER OSCEOLA , , BOGGY CREEK ELEMENTARY , CELEBRATION HIGH SCHOOL , , CELEBRATION K , CENTRAL ELEMENTARY , CYPRESS ELEMENTARY , DISCOVERY , EAST LAKE ELEMENTARY SCHOOL , FLORA RIDGE ELEMENTARY , GATEWAY HIGH SCHOOL , HARMONY HIGH SCHOOL , HORIZON MIDDLE SCHOOL , , KISSIMMEE ELEMENTARY SCHOOL , KISSIMMEE MIDDLE SCHOOL , KOA ELEMENTARY , LAKEVIEW ELEMENTARY , , LIBERTY HIGH SCHOOL , MICHIGAN AVENUE ELEMENTARY , NARCOOSSEE ELEMENTARY SCHOOL , NARCOOSSEE MIDDLE SCHOOL , NEPTUNE ELEMENTARY , NEPTUNE MIDDLE SCHOOL , , OSCEOLA HIGH SCHOOL , PARTIN SETTLEMENT ELEMENTARY , , POINCIANA ELEMENTARY SCHOOL , POINCIANA HIGH SCHOOL , REEDY CREEK ELEMENTARY , ST. CLOUD ELEMENTARY , ST. CLOUD HIGH SCHOOL , SUNRISE ELEMENTARY , TECO , THE OSC CNTY SCH FOR THE ARTS ,

70 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL CYCLICAL CAPITAL CARRYOVER PROJECT FACILITY ENCUMBERED AVAILABLE PROJECT DESCRIPTION NUMBER SCHOOL/LOCATION NUMBER & COMMITTED BALANCE WESTSIDE K 8 SCHOOL , ZENITH , SUB TOTAL 582, , HVAC REPAIR/REPLACEMENT ADMINISTRATIVE CENTER , BOGGY CREEK ELEMENTARY , CELEBRATION K , , DISCOVERY , , HARMONY HIGH SCHOOL , , KISSIMMEE ELEMENTARY SCHOOL , , NARCOOSSEE ELEMENTARY SCHOOL , , NEPTUNE MIDDLE SCHOOL , PARKWAY MIDDLE SCHOOL , , POINCIANA HIGH SCHOOL , ST. CLOUD ELEMENTARY , , ST. CLOUD MIDDLE SCHOOL , SUNRISE ELEMENTARY , , VENTURA ELEMENTARY , , SUB TOTAL 222, , FENCING NARCOOSSEE MIDDLE SCHOOL PLEASANT HILL ELEMENTARY , SUB TOTAL 4, BATHROOM RENOVATIONS HICKORY TREE ELEMENTARY , MILL CREEK ELEMENTARY , PARKWAY MIDDLE SCHOOL , VENTURA ELEMENTARY , , SUB TOTAL 85, , LIGHTING HORIZON MIDDLE SCHOOL , SUB TOTAL 12, ATHLETIC FACILITIES CELEBRATION HIGH SCHOOL , , DENN JOHN MIDDLE SCHOOL DISCOVERY HORIZON MIDDLE SCHOOL KISSIMMEE MIDDLE SCHOOL NARCOOSSEE MIDDLE SCHOOL ST. CLOUD MIDDLE SCHOOL THACKER AVENUE ELEMENTARY THE OSC CNTY SCH FOR THE ARTS , , SUB TOTAL 210, , SIGNAGE CHESTNUT ELEMENTARY , DISCOVERY , SUB TOTAL 5, WINDOWS REPAIR/REPLACE CENTRAL ELEMENTARY , SUB TOTAL 9, VIDEO SURVELLIANCE GATEWAY HIGH SCHOOL , SUB TOTAL 48, REMODELING CELEBRATION K , FACILITIES PARTIN SETTLEMENT ELEMENTARY , SUB TOTAL 468, LIGHTING REBATE DISTRICT WIDE , SUB TOTAL 22, TOTAL 1,715, ,565, ,280,

71 The School District of Osceola County, FL Facilities Division and Maintenance Department Capital Projects for FY Facility Project Details Budget Request Administration Building 2000 Door and Door Frames Replacement 15,000 Remove and replace the doors and door frames on both front entranceways that lead into building Celebration High Carpet Install Bldg. 1 40,000 Replace all carpet in the administration building, Bldg. 1 Celebration High Paint Hallways Bldg. 1 40,000 Paint the hallways in the administration building, Bldg. 1 Celebration High Paint Exterior 200,000 Paint the entire exterior of the school campus. Celebration K 8 HVAC Chiller Replacement Two 23XL Units 180,000 Additional funding request of $180,000. These additional funds will allow for the replacement of the 200 ton chiller, which needs to be replaced with a 325 ton chiller. This additional chiller capacity will allow for the proper block load cooling for the buildings. Celebration K 8 PVC Chilled Water Lines 450,000 PVC under ground chilled water lines are leaking and must be replaced. Design was funded FY Celebration K 8 School Grounds 100,000 Upgrade grass walkway to solid surface or rework the grounds to maintain healthy grounds. Need formal architect drawings noting drainage, surface material, other items (existing playgrounds, underground utilities, etc.). Central Avenue Elementary HVAC Controls Replacement 30,000 Replace HVAC control system. Denn John Middle Door Buzzer & Actuator 30,000 Install a door in the main lobby area that would require the front desk personnel to "buzz" people into the building corridors. East Lake Elementary Bike Rack Install 5,000 Installation of an additional bike rack on the Spring Lake side of the school. Harmony High Site Drainage Modifications Pole Barn 50,

72 Facility Project Details Budget Request Resolve site drainage issues near the pole barn. Design funded FY Hickory Tree Elementary Roof Cleaning 15,000 Soft Wash the roof of each building to remove existing algae and fungus. Soft Wash process shall incorporate an applied algaecide in a light spray to clean existing condition. Lakeview Elementary Arrival and drop off access upgrade 125,000 Extend sidewalks in car loop area to provide students access to the cafeteria during arrival (dropoff) and to vehicle during dismissal (pick up). Also install overhanging canopy to shelter stakeholders from weather elements, during the same process. Lakeview Elementary Gutter System Install & Sidewalk Repair 200,000 Replace sections of sidewalks. Install gutter system on every building to eliminate water erosion of sidewalks. Also, gutters and downspouts will need to be incorporated into an underground drainage system. This will require engineered drawings. Design funded FY Lakeview Elementary Roof Cleaning 15,000 Soft Wash the roof of each building to remove existing algae and fungus. Soft Wash process shall incorporate an applied algaecide in a light spray to clean existing condition. Mill Creek Elementary Roof Cleaning 15,000 Soft Wash the roof of each building to remove existing algae and fungus. Soft Wash process shall incorporate an applied algaecide in a light spray to clean existing condition. Narcoossee Middle Concrete Repair Second Floor Walkway 300,000 Repair concrete on the second floor walkway as indicated by the project manager. Narcoossee Middle Traffic Flow Improvement 35,000 Improve the traffic flow to include fencing and directional signage. Neptune Middle Roof Cleaning 20,000 Soft Wash the roof of each building to remove existing algae and fungus. Soft Wash process shall incorporate an applied algaecide in a light spray to clean existing condition. Parkway Middle Carpet Replacement 8,

73 Facility Project Details Budget Request Replace carpet in the Teachers Lounge, which is in poor condition. Parkway Middle Drainage Repairs 25,000 Need a drain put in outside of back office area to drain into the the new drainage just put in this year. When hard rain hits the sidewalk water can not escape fast enough around block wall and runs high up into the back office area. Parkway Middle Roof Cleaning 20,000 Soft Wash the roof of each building to remove existing algae and fungus. Soft Wash process shall incorporate an applied algaecide in a light spray to clean existing condition. Partin Settlement Elementary Paint Interior/Exterior 150,000 Paint the interior and exterior of the school to include all classrooms. Pleasant Hill Elementary Roof Cleaning 15,000 Soft Wash the roof of each building to remove existing algae and fungus. Soft Wash process shall incorporate an applied algaecide in a light spray to clean existing condition. Poinciana High Carpet Replacement 250,000 Carpeting to be removed and replaced in areas identified by the Project Field Representative and school administration. Reedy Creek Elementary HVAC Chillers and Controls Replacement 800,000 Remove and replace two (2) HVAC Chillers from the roof and one (1) that is on the ground level. Also replace the HVAC Controls System for the campus. One roof top chiller is 80 ton and the second is 150 ton. The unit on the ground level is 200 ton. Design funded FY Ross E. Jeffries Parent Center Covered Parking for STEM Bus 75,000 Provide a safe, secure covered parking area for two new STEM bus parking. Approximate size 30' W X 60' L X 17' H (Minimum). Area shall include a 6'H chain link perimeter fence with locking gates for security. ; with electricity for power outlets and lighting; Ventura Elementary Drainage Repair 195,000 Cure drainage issues by leveling areas and creating proper drainage slopes. Design funded FY Ventura Elementary Front Office Renovation 75,

74 Facility Project Details Budget Request Renovate the front office area to better accommodate staff and manage visitors. Ventura Elementary Roof Cleaning 15,000 Soft Wash the roof of each building to remove existing algae and fungus. Soft Wash process shall incorporate an applied algaecide in a light spray to clean existing condition. Total: 3,493,000 Contingency 507, Projects Total Budget Request: 4,000,

75 FUND 4XX SPECIAL REVENUE FUND

76 FUND 4XX SPECIAL REVENUE FUND BUDGET The Special Revenue Fund is comprised of three major sections: Food Service, Special Revenue Other, and American Recovery and Reinvestment Act (ARRA) funds. The Food Service Fund reflects revenues and expenditures of the District's food service program. Federal reimbursements and local collections are the primary revenue sources which support this program. Some State support is also provided. The District does not subsidize the food service program from any other funding sources. The Special Revenue Other Fund accounts for federal entitlements and competitive grants. Special Revenue ARRA Fund contains targeted Federal Stimulus funds including Title I School Improvement and Race to the Top. 4-2

77 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SPECIAL REVENUE FUNDS (COMBINED) ESTIMATED REVENUES Source Difference FEDERAL: Other Federal Direct , , Miscellaneous Federal Direct 199 1,200, ,100, , Vocational Education Act , , , Race to the Top , , (735,286.15) Teacher and Principal Training 225 1,819, ,304, , Math and Science Partnerships 226 1,027, ,027, Individuals with Disabilities Education Act, PL ,582, ,283, , Title I Targeted Assistance ,787, ,273, ,513, Adult General Education , , , National School Lunch Act Lunch ,000, ,000, ,000, National School Lunch Act Breakfast 262 5,700, ,500, , National School Lunch Act Snack , , (90,000.00) U.S.D.A Commodities 265 1,500, ,550, (50,000.00) Summer Feeding , ,000, (200,000.00) Other Federal Through State 290 3,282, ,227, ,055, Emergency Immigrant 293 1,386, ,439, (52,363.15) Total Federal 75,236, ,362, ,874, STATE: School Breakfast Supplement , , , Food Service Supplement , , , Miscellaneous State Sources , (8,400.00) Total State 424, , , LOCAL: Interest, Including Profit on Investments , , , Food Service Sales 450 2,728, ,035, (3,307,000.00) Pre K Early Intervention , (479,520.00) School Aged Child Care Fees ,500, (2,500,000.00) Miscellaneous Local Sources , , , Total Local 2,774, ,055, (6,281,520.00) OTHER SOURCES: Transfers In Total Other Sources TOTAL ESTIMATED REVENUE & OTHER SOURCES 78,434, ,720, ,713, FUND BALANCE AT BEGINNING OF YEAR: Nonspendable Inventory , ,148, (424,702.39) Restricted for Grants and Programs ,057, ,274, (1,217,052.00) Assigned for Other Programs ,393, (1,393,759.51) Unassigned Total Beginning Fund Balance 8,781, ,817, (3,035,513.90) TOTAL EST REVENUE AND BEGINNING FD BAL 87,215, ,538, ,677, ACCT. NO Tentative Budget 4-3

78 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SPECIAL REVENUE FUNDS (COMBINED) SUMMARY OF APPROPRIATIONS AND FUND BALANCE ACCT Use NO. Tentative Budget Difference Instruction ,358, ,101, ,257, Pupil Personnel Services ,282, ,642, , Instructional Media , , , Instruction and Curriculum Development ,007, ,180, ,826, Instructional Staff Training ,400, ,369, ,030, Instruction Related Technology , , , General Administration , , , School Administration Facilities Acquisition and Construction Fiscal Services Food Services ,781, ,707, (5,925,923.41) Central Services , , , Pupil Transportation , , , Operation of Plant , , Maintenance of Plant Administrative Technology Services , , Community Services ,200, ,191, (2,991,422.24) Debt Service Transfers Out TOTAL APPROPRIATIONS AND OTHER USES 78,458, ,499, , ESTIMATED REVENUES LESS APPROPRIATIONS (23,942.62) (4,778,466.03) 4,754, FUND BALANCE AT END OF YEAR: Nonspendable Inventory , ,148, (424,702.39) Restricted for Grants and Programs ,033, ,596, ,437, Assigned for Other Programs ,293, (1,293,759.51) Unassigned Total Ending Fund Balance 8,757, ,038, ,719, TOTAL APPROPRIATIONS AND ENDING FD BAL 87,215, ,538, ,677,

79 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SPECIAL REVENUE FUNDS (FOOD SERVICE) ESTIMATED REVENUES Source Difference FEDERAL: Other Federal Direct Miscellaneous Federal Direct Vocational Education Act Race to the Top Safe and Drug Free Schools Individuals with Disabilities Education Act, PL Title I Targeted Assistance Adult General Education National School Lunch Act Lunch ,000, ,000, ,000, National School Lunch Act Breakfast 262 5,700, ,500, , National School Lunch Act Snack , , (90,000.00) U.S.D.A Commodities 265 1,500, ,550, (50,000.00) Cash in Lieu of Commodities Summer Feeding , ,000, (200,000.00) Other Federal Through State , , , Emergency Immigrant Total Federal 28,560, ,650, ,910, STATE: School Breakfast Supplement , , , Food Service Supplement , , , Miscellaneous State Sources , (8,400.00) Total State 424, , , LOCAL: Interest, Including Profit on Investments , , , Food Service Sales 450 2,728, ,035, (3,307,000.00) Pre K Early Intervention School Aged Child Care Fees Miscellaneous Local Sources , , , Total Local 2,774, ,076, (3,302,000.00) OTHER SOURCES: Transfers In Total Other Sources TOTAL ESTIMATED REVENUE & OTHER SOURCES 31,758, ,029, (1,271,400.00) FUND BALANCE AT BEGINNING OF YEAR: Nonspendable Inventory , ,148, (424,702.39) Restricted for Grants and Programs ,057, ,274, (1,217,052.00) Assigned for Other Programs Unassigned Total Beginning Fund Balance 8,781, ,423, (1,641,754.39) TOTAL EST REVENUE AND BEGINNING FD BAL 40,539, ,452, (2,913,154.39) ACCT. NO Tentative Budget 4-5

80 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SPECIAL REVENUE FUNDS (FOOD SERVICE) SUMMARY OF APPROPRIATIONS AND FUND BALANCE ACCT Use NO. Tentative Budget Difference FOOD SERVICE (Function 7600) Salaries 100 9,160, ,957, (797,064.54) Salaries Overtime , , , Retirement , , (73,744.61) Social Security , , (62,975.27) Group lnsurance 230 2,932, ,737, , Workers' Compensation , , Purchased Service , , (550,207.61) Insurance & Bond Premiums (25.00) Travel , , (5,980.00) Administrative Travel 331 1, , (400.00) Repairs and Maintenance , , (7,466.88) Rentals , , (29,150.00) Communications 370 6, , (8,900.00) Postage Other Purchased Services , , (146,831.60) Natural Gas , , (990.00) Propane or Bottled Bas , , (41,393.68) Electricity , , (2,000.00) Gasoline , , (2,000.00) Diesel Fuel 460 9, , (2,400.00) Supplies 510 2,111, , ,377, Periodicals Grease and Oil/Other (10.00) Repair Parts 550 6, , (2,800.00) Tires and Tubes (10.00) Food ,992, ,325, (1,332,300.00) USDA Donated Foods 580 1,500, ,550, (50,000.00) Other Materials and Supplies Budget Reserves , , , Pest Control , , (14,350.00) AV Material (10.00) Bldgs & Fixed Equipment Furniture, Fixtures & Equipment (prop. rec.) , , (214,671.32) Furniture, Fixtures & Equipment (no prop. rec.) , , (214,196.90) Capitalized Computer Equipment , , , Non capitalized Computer Equipment , , (154,876.60) Motor Vehicles Other Than Buses , , (186,000.00) Improvements Other Than Buildings Remodeling & Renovations , (69,990.00) Remodeling Capitalized , ,978, (3,958,668.46) Non Capitalized Remodel & Renovate , (25,315.54) Capitalized Software Non capitalized Software Dues and Fees , , , Other Personnel Services , , , Misc Exp/lndirect Cost 790 7, , , Total Appropriations 31,781, ,707, (5,925,923.41) OTHER USES: Transfers Out Total Other Financing Uses TOTAL APPROPRIATIONS AND OTHER USES 31,781, ,707, (5,925,923.41) ESTIMATED REVENUE LESS APPROPRIATIONS (23,942.62) (4,678,466.03) 4,654, FUND BALANCE AT END OF YEAR: Nonspendable Inventory , ,148, (424,702.39) Restricted for Grants and Programs ,033, ,596, ,437, Assigned for Other Programs Unassigned Total Ending Fund Balance 8,757, ,744, ,012, TOTAL APPROPRIATIONS AND ENDING FD BAL 40,539, ,452, (2,913,154.39) 4-6

81 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SPECIAL REVENUE FUNDS (OTHER) ESTIMATED REVENUES Source Difference FEDERAL: Head Start Civil Rights Act Title IV Emergency School Assistance Community Action Program Other Federal Direct , , ROTC Miscellaneous Federal Direct 199 1,200, ,100, , Vocational Education Act , , , State Fiscal Stabilization, K State Fiscal Stabilization, Workforce Dev State Fiscal Stabilization, Voluntary Pre K Race to the Top Education Jobs Fund Workforce Investment Act Teacher and Principal Training 225 1,819, ,304, , Math and Science Partnerships 226 1,027, ,027, Safe and Drug Free Schools Individuals with Disabilities Education Act, PL ,582, ,283, , Title I Targeted Assistance ,787, ,273, ,513, Adult General Education , , , Higher Education Act Vocational Rehabilitation National School Lunch Act Lunch National School Lunch Act Breakfast National School Lunch Act Snack U.S.D.A Commodities Cash in Lieu of Commodities Summer Feeding Nutrition Education and Training Program Innovative Education Program Strategies Other Federal Through State 290 3,032, ,027, ,005, Emergency Immigrant 293 1,386, ,439, (52,363.15) Total Federal 46,454, ,754, ,699, STATE: Categorical State Sources School Breakfast Supplement Food Service Supplement Miscellaneous State Sources Total State LOCAL: Interest, Including Profit on Investments Food Service Sales Pre K Early Intervention , (479,520.00) School Aged Child Care Fees ,500, (2,500,000.00) Miscellaneous Local Sources Total Local ,979, (2,979,520.00) OTHER SOURCES: Transfers In Total Other Sources TOTAL ESTIMATED REVENUE & OTHER SOURCES 46,454, ,734, ,719, FUND BALANCE AT BEGINNING OF YEAR: Nonspendable Inventory Restricted for Grants and Programs Assigned for Other Programs ,393, (1,393,759.51) Unassigned Total Beginning Fund Balance ,393, (1,393,759.51) TOTAL EST REVENUE AND BEGINNING FD BAL 46,454, ,128, ,326, ACCT. NO Tentative Budget

82 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SPECIAL REVENUE FUNDS (OTHER) SUMMARY OF APPROPRIATIONS AND FUND BALANCE ACCT Use NO. Tentative Budget Difference Instruction ,358, ,099, ,259, Pupil Personnel Services ,282, ,642, , Instructional Media , , , Instruction and Curriculum Development ,007, ,618, ,389, Instructional Staff Training ,400, ,024, ,375, Instruction Related Technology , , , General Administration , , , School Administration Facilities Acquisition and Construction Fiscal Services Food Services Central Services , , , Pupil Transportation , , , Operation of Plant , , Maintenance of Plant Administrative Technology Services , , Community Services ,200, ,191, (2,991,422.24) Debt Service Transfers Out TOTAL APPROPRIATIONS AND OTHER USES 46,454, ,834, ,619, ESTIMATED REVENUES LESS APPROPRIATIONS 0.00 (100,000.00) 100, FUND BALANCE AT END OF YEAR: Nonspendable Inventory Restricted for Grants and Programs Assigned for Other Programs ,293, (1,293,759.51) Unassigned Total Ending Fund Balance ,293, (1,293,759.51) TOTAL APPROPRIATIONS AND ENDING FD BAL 46,454, ,128, ,326,

83 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SPECIAL REVENUE FUNDS (OTHER) ESTIMATED REVENUE BY FUND ACCT Source NO. Fed State Pell Grants Federal Direct Total FEDERAL: Head Start Civil Rights Act Title IV Emergency School Assistance Community Action Program Other Federal Direct , , Miscellaneous Federal Direct ,200, ,200, Vocational Education Act , , Race to the Top Education Jobs Fund Workforce Investment Act Teacher and Principal Training 225 1,819, ,819, Math and Science Partnerships 226 1,027, ,027, Safe and Drug Free Schools Individuals with Disabilities Education Act, PL ,582, ,582, Title I Targeted Assistance ,787, ,787, Adult General Education , , National School Lunch Act Lunch National School Lunch Act Breakfast National School Lunch Act Snack U.S.D.A Commodities Summer Feeding Other Federal Through State 290 3,032, ,032, Emergency Immigrant 293 1,386, ,386, Total Federal 45,187, ,200, , ,454, STATE: School Breakfast Supplement Food Service Supplement Miscellaneous State Sources Total State LOCAL: Interest, Including Profit on Investments Food Service Sales Pre K Early Intervention School Aged Child Care Fees Miscellaneous Local Sources Total Local OTHER SOURCES: Transfers In Total Other Sources TOTAL ESTIMATED REVENUE & OTHER SOURCES 45,187, ,200, , ,454, FUND BALANCE AT BEGINNING OF YEAR: Nonspendable Inventory Restricted for Grants and Programs Assigned for Other Programs Unassigned Total Beginning Fund Balance TOTAL EST REVENUE AND BEGINNING FD BAL 45,187, ,200, , ,454,

84 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SPECIAL REVENUE FUNDS (OTHER) SUMMARY OF APPROPRIATIONS AND FUND BALANCE BY FUND ACCT Use NO. Fed State Pell Grants Federal Direct Total Instruction ,358, ,358, Pupil Personnel Services ,223, , ,282, Instructional Media , , Instruction and Curriculum Development ,007, ,007, Instructional Staff Training ,392, , ,400, Instruction Related Technology , , General Administration , , School Administration Facilities Acquisition and Construction Fiscal Services Food Service Central Services , , Pupil Transportation , , Operation of Plant , , Maintenance of Plant Administrative Technology Services , , Community Services ,200, ,200, Debt Service Transfers Out TOTAL APPROPRIATIONS AND OTHER USES 45,187, ,200, , ,454, ESTIMATED REVENUES LESS APPROPRIATIONS FUND BALANCE AT END OF YEAR: Nonspendable Inventory Restricted for Grants and Programs Assigned for Other Programs Unassigned Total Ending Fund Balance TOTAL APPROPRIATIONS AND ENDING FD BAL 45,187, ,200, , ,454,

85 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SPECIAL REVENUE FUNDS (ARRA) ESTIMATED REVENUES Source Difference FEDERAL: Head Start Civil Rights Act Title IV Emergency School Assistance Community Action Program Other Federal Direct ROTC Miscellaneous Federal Direct Vocational Education Act State Fiscal Stabilization, K Race to the Top , , (735,286.15) Education Jobs Fund Workforce Investment Act Eisenhower Safe and Drug Free Schools Math and Science Partnerships Individuals with Disabilities Education Act, PL Title I Targeted Assistance Adult General Education National School Lunch Act Lunch National School Lunch Act Breakfast National School Lunch Act Snack U.S.D.A Commodities Summer Feeding Other Federal Through State Emergency Immigrant Total Federal 221, , (735,286.15) STATE: School Breakfast Supplement Food Service Supplement Miscellaneous State Sources Total State LOCAL: Interest, Including Profit on Investments Food Service Sales Pre K Early Intervention School Aged Child Care Fees Miscellaneous Local Sources Total Local OTHER SOURCES: Transfers In Total Other Sources TOTAL ESTIMATED REVENUE & OTHER SOURCES 221, , (735,286.15) FUND BALANCE AT BEGINNING OF YEAR: Nonspendable Inventory Restricted for Grants and Programs Assigned for Other Programs Unassigned Total Beginning Fund Balance TOTAL EST REVENUE AND BEGINNING FD BAL 221, , (735,286.15) 4-11 ACCT. NO Tentative Budget

86 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SPECIAL REVENUE FUNDS (ARRA) SUMMARY OF APPROPRIATIONS AND FUND BALANCE ACCT Use NO. Tentative Budget Difference Instruction , (1,293.17) Pupil Personnel Services Instructional Media Instruction and Curriculum Development , (562,503.44) Instructional Staff Training , (345,279.27) Instruction Related Technology , , General Administration , (40,670.31) School Administration Facilities Acquisition and Construction Fiscal Services Food Services Central Services , (6,928.88) Pupil Transportation Operation of Plant Maintenance of Plant Administrative Technology Services Community Services Debt Service Transfers Out TOTAL APPROPRIATIONS AND OTHER USES 221, , (735,286.15) ESTIMATED REVENUES LESS APPROPRIATIONS FUND BALANCE AT END OF YEAR: Nonspendable Inventory Restricted for Grants and Programs Assigned for Other Programs Unassigned Total Ending Fund Balance TOTAL APPROPRIATIONS AND ENDING FD BAL 221, , (735,286.15) 4-12

87 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SPECIAL REVENUE FUNDS (ARRA) ESTIMATED REVENUES BY FUND ACCT. NO Fed Stimulus Grants Fed Stab General Othr ARRA Stimulus Race to the Top Edu Jobs Fund Total Source FEDERAL: Head Start Civil Rights Act Title IV Emergency School Assistance Community Action Program Other Federal Direct ROTC Miscellaneous Federal Direct Vocational Education Act State Fiscal Stabilization, K State Fiscal Stabilization, Workforce Dev State Fiscal Stabilization, Voluntary Pre K Race to the Top , , Education Jobs Fund Workforce Investment Act Eisenhower Safe and Drug Free Schools Individuals with Disabilities Education Act, PL Title I Targeted Assistance Adult General Education Higher Education Act Vocational Rehabilitation National School Lunch Act Lunch National School Lunch Act Breakfast National School Lunch Act Snack U.S.D.A Commodities Cash in Lieu of Commodities Summer Feeding Nutrition Education and Training Program Innovative Education Program Strategies Other Federal Through State Emergency Immigrant Total Federal , , STATE: School Breakfast Supplement Food Service Supplement Miscellaneous State Sources Total State LOCAL: Interest, Including Profit on Investments Food Service Sales Pre K Early Intervention School Aged Child Care Fees Miscellaneous Local Sources Total Local OTHER SOURCES: Transfers In Total Other Sources TOTAL ESTIMATED REVENUE & OTHER SOURCES , , FUND BALANCE AT BEGINNING OF YEAR: Nonspendable Inventory Restricted for Grants and Programs Assigned for Other Programs Unassigned Total Beginning Fund Balance TOTAL EST REVENUE AND BEGINNING FD BAL , ,

88 THE SCHOOL DISTRICT OF OSCEOLA COUNTY, FL SPECIAL REVENUE FUNDS (ARRA) SUMMARY OF APPROPRIATIONS AND FUND BALANCE BY FUND ACCT Fed Stimulus Grants Fed Stab General Othr ARRA Stimulus Race to the Top Edu Jobs Fund Total Use NO. Instruction Pupil Personnel Services Instructional Media Instruction and Curriculum Development Instructional Staff Training Instruction Related Technology , , General Administration School Administration Facilities Acquisition and Construction Fiscal Services Food Service Central Services Pupil Transportation Operation of Plant Maintenance of Plant Administrative Technology Services Community Services Debt Service Transfers Out TOTAL APPROPRIATIONS AND OTHER USES , , ESTIMATED REVENUES LESS APPROPRIATIONS FUND BALANCE AT END OF YEAR: Nonspendable Inventory Restricted for Grants and Programs Assigned for Other Programs Unassigned Total Ending Fund Balance TOTAL APPROPRIATIONS AND ENDING FD BAL , ,

89 FUND 7XX INTERNAL SERVICE FUND