2014-15Budget Overview

School Board WorkshopJune 26, 2014

Assumes Spending Requirements presented to the Board on May 13, 2014 (i.e. Charter School growth, categorical funding changes, increase to Retirement rate)

For the Operating Budget, assumes a tax roll increase of 4.70% as reflected in the 1st FEFP Calculation as adopted by the Legislature on May 2 (2nd Calculation available mid-July)

Operating Budget AssumptionsOperating Budget Assumptions

the Legislature on May 2 (2nd Calculation available mid-July)

For the Capital Budget, assumes a tax roll increase of 8.53% as reflected in the preliminary tax roll estimate by the Property Appraiser

Assumes the Board will continue to move 0.25 mills from the capital budget to the operating budget

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2003-04 3,630.03 0.9699 3,520.77 69.262004-05 3,670.26 0.9755 3,580.34 59.572005-06 3,742.42 0.9804 3,669.07 88.732006-07 3,981.61 0.9865 3,927.86 258.792007-08 * 4,163.47 0.9845 4,098.94 171.082007-08 4,079.74 0.9845 4,016.50 -82.442008-09 * 3,971.74 0.9843 3,909.38 -107.12

DifferenceFiscal Year BSA DCD BSA * DCD

Base Student Allocation & District Cost Differential

2008-09 * 3,971.74 0.9843 3,909.38 -107.122008-09 3,886.14 0.9843 3,825.13 -84.252009-10 3,630.62 0.9892 3,591.41 -233.722010-11 3,623.76 0.9938 3,601.29 9.882011-12 3,479.22 1.0014 3,484.09 -117.202012-13 3,582.98 1.0059 3,604.12 120.032013-14 ^ 3,752.30 1.0088 3,785.32 181.202014-15 * 4,031.77 1.0066 4,058.38 273.06

Source: Final FEFP Calculation for each year except as follows:* 1st FEFP Calculation ^ 4th FEFP Calculation

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Total FTE (Students)Fiscal Year FTE

2006-07 73,813.14

2007-08 73,465.54 -347.60

2008-09 72,200.50 -1,265.04

2009-10 71,579.77 -620.73

2010-11 71,192.82 -386.95

Difference

2010-11 71,192.82 -386.95

2011-12 71,057.19 -135.63

2012-13 70,511.82 -545.37

2013-14 70,156.31 -355.51

2014-15 * 70,288.84 132.53

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Source: FEFP 4th Calculation (*1st Calculation Used for 2014-15)

Student Growth/Decline

Year Membership Number Percent2000-01 70,658 655 0.942001-02 71,625 967 1.372002-03 72,533 908 1.272003-04 73,912 1,379 1.902004-05 75,216 1,304 1.762005-06 76,062 846 1.122006-07 75,676 -386 -0.51

5* Projected for 2014-15

2006-07 75,676 -386 -0.512007-08 75,235 -441 -0.582008-09 74,000 -1,235 -1.642009-10 73,352 -648 -0.882010-11 72,913 -439 -0.602011-12 72,906 -7 -0.012012-13 72,526 -380 -0.522013-14 72,594 68 0.09

2014-15* 72,906 312 0.43

History of Student MembershipYear Total District Charters

2000-01 70,658 69,608 1,0502001-02 71,625 70,212 1,4132002-03 72,533 70,957 1,5762003-04 73,912 72,150 1,7622004-05 75,216 73,099 2,1172005-06 76,062 73,230 2,8322006-07 75,676 72,210 3,466

* Projected for 2014-156

2006-07 75,676 72,210 3,4662007-08 75,235 72,215 3,0202008-09 74,000 70,951 3,0492009-10 73,352 70,152 3,2002010-11 72,913 69,459 3,4542011-12 72,906 70,320 2,5862012-13 72,526 69,997 2,5292013-14 72,594 68,821 3,7732014-15 * 72,906 68,843 4,063

2000-01 655 368 2872001-02 967 604 3632002-03 908 745 1632003-04 1,379 1,193 1862004-05 1,304 949 3552005-06 846 131 7152006-07 -386 -1,020 634

Total ChartersDistrictYear

Details of Change in Membership

2006-07 -386 -1,020 6342007-08 -441 5 -4462008-09 -1,235 -1,264 292009-10 -648 -799 1512010-11 -439 -693 2542011-12 -7 861 -8682012-13 -380 -323 -572013-14 68 -1,176 1,2442014-15 * 329 39 290

* Projected for 2014-157

Year KSC CCAFS Total2005-06 5,633 1,571 7,2042006-07 5,174 1,565 6,7392007-08 5,025 1,440 6,4652008-09 4,935 1,355 6,290

Students with Parents Working at KSCor CCAFS – Historical Totals

2008-09 4,935 1,355 6,2902009-10 4,619 1,231 5,8502010-11 3,941 1,152 5,0932011-12 2,707 1,147 3,854

2012-13 2,446 986 3,432

2013-14 2,153 896 3,049

Note: From 2012-13 to 2013-14, there was a decrease of 383 (-11.16%)8

Fiscal Year Tax Roll % Change2003-04 22,087,435,919 12.14%2004-05 25,334,959,340 14.70%2005-06 31,060,244,010 25.98%2006-07 39,311,747,501 26.57%

2007-08 40,927,287,793 4.11%

2008-09 41,345,104,921 1.02%

Brevard’s Tax Roll Growth & Decline

2008-09 41,345,104,921 1.02%

2009-10 36,725,460,270 -11.17%

2010-11 32,390,012,540 -11.81%

2011-12 27,812,038,128 -14.13%2012-13 27,457,119,378 -1.28%

2013-14 * 28,715,811,076 4.58%2014-15 ^ 31,249,030,561 8.82%

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Source: Comprehensive Annual Financial Reports (CAFR), except for the following:Source: Comprehensive Annual Financial Reports (CAFR), except for the following:* Adjusted Final Taxable Value as of March 5, 2014^ Notice of final certified 2014 Tax Roll dated June 25, 2014

Fiscal Year Tax Roll % Change2007-08 40,927,287,793 4.11%2008-09 41,345,104,921 1.02%2009-10 36,725,058,991 -11.17%2010-11 32,390,012,540 -11.80%2011-12 27,812,038,128 -14.13%2012-13 27,457,119,387 -1.28%

2013-14 # 28,632,714,623 4.28%2013-14 & 28,725,623,018 4.62%

Brevard’s Tax Roll Growth & Decline

# Estimated by Property Appraiser on May 30, 2013& Certified Taxable Value by Property Appraiser on June 26, 2013> Adjusted Final Taxable Value as of March 5, 2014* Taxable Value on FEFP 1st Calculation dated April 29, 2014< Property Appraisers Preliminary Estimates dated May 14, 2014^ Notice of Estimate for the 2013 Tax Roll dated May 30, 2014^^ Current Gross Taxable Value for the 2014 Tax Roll dated June 25, 2014

2013-14 & 28,725,623,018 4.62%2013-14 > 28,715,811,876 4.58%

2014-15 * 30,075,606,272 4.74%2014-15 < 31,063,123,490 8.17%2014-15 ^ 31,164,173,991 8.53%2014-15 ^^ 31,249,030,561 8.82%

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Fiscal Year Total Millage Difference %

1998-99 9.578 -- --

1999-00 9.171 -0.407 -4.25%

2000-01 8.908 -0.263 -2.87%

2001-02 8.674 -0.234 -2.63%

2002-03 8.605 -0.069 -0.80%

2003-04 8.405 -0.200 -2.32%

2004-05 8.194 -0.211 -2.51%

2005-06 7.963 -0.231 -2.82%

History of School Board Millage Levy

2005-06 7.963 -0.231 -2.82%

2006-07 7.667 -0.296 -3.72%

2007-08 7.531 -0.136 -1.77%

2008-09 7.661 0.130 1.73%

2009-10 7.687 0.026 0.34%

2010-11 7.653 -0.034 -0.44%

2011-12 8.112 0.459 6.00%

2012-13 8.096 -0.016 -0.20%

2013-14 7.606 -0.490 -6.05%

2014-15 7.431 -0.175 -2.30%

-2.147 -22.42%Difference Since 1998-99

Note: Each year the Board has levied the maximum allowed by law without voter referendum.11

Proposed 2014-15 Millage*

Actual2013-14

Increase/Decrease

5.358 5.183 * -0.1750.748 0.748 0.0001.500 1.500 0.000

Proposed2014-15

Operating

Capital Outlay

- Required Local Effort - Local Discretionary

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1.500 1.500 0.000

7.606 7.431 -0.175Total Millage

Capital Outlay

* Subject to official certificated tax roll (6/25/14) and DOE recalculations

Amended2013-14

Preliminary2014-15 Difference %

Operating 537,222,219 556,277,156 19,054,937 3.55Special Revenue 86,284,999 94,160,595 7,875,596 9.13Debt Service 42,453,671 42,424,433 -29,238 -0.07Capital Outlay 93,088,560 96,876,300 3,787,740 4.07

Preliminary Budget

Capital Outlay 93,088,560 96,876,300 3,787,740 4.07Enterprise Fund 8,347,764 8,872,525 524,761 6.29

Subtotal 767,397,213 798,611,009 31,213,796 4.07

Less Transfers 37,543,154 37,024,589 -518,565 -1.38

Total 729,854,059 761,586,420 31,732,361 4.35

Internal Service 87,657,792 82,077,666 -5,580,126 -6.37

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Adopted2013-14

Preliminary2014-15 Difference %

Federal 2,584,386 2,584,386 0 0.00State - FEFP 221,339,707 238,969,550 17,629,843 7.97State - Categoricals/Other 91,584,181 92,406,759 822,578 0.90Local - Property Taxes 168,382,707 171,491,473 3,108,766 1.85Local - Other 8,873,732 6,367,482 -2,506,250 -28.24

Operating Budget Revenue

Local - Other 8,873,732 6,367,482 -2,506,250 -28.24

Total Revenue 492,764,714 511,819,650 19,054,936 3.87

Other Sources 1,299,035 1,299,035 0 0.00Fund Balance 43,158,470 43,158,470 0 0.00

Grand Total 537,222,219 556,277,156 19,054,937 3.55

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Capital Projects Revenues

Estimated2013-14

Preliminary2014-15 Difference

PECO-New Construction 0 0 0 0PECO - Maintenance 0 1,300,000 1,300,000 0Other-State 568,574 551,000 -17,574 -3.09Local Revenue 50,347,439 49,335,912 -1,011,527 -2.01

%

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Local Revenue 50,347,439 49,335,912 -1,011,527 -2.01

Total Revenues 50,916,013 51,186,912 270,899 0.53

Other Sources 942,576 400,000 -542,576 -57.56Fund Balance 41,229,971 45,289,388 4,059,417 9.85

Total 93,088,560 96,876,300 3,787,740 4.07

#1 #2 #3 #4 #5

2012-13 -9.00 -5.06 -2.00 -1.40 -1.29 -1.29

2013-14 -4.50 -0.65 0.00 2.92 4.28 4.58

2014-15 -2.00 2.61 3.00 2.93 7.00* 8.53

2015-16 0.00 3.70 6.00 3.77 4.00 4.00

2016-17 1.00 4.72 9.00 4.20 4.00 4.00

Current Scenario

Fiscal Year Previous Scenarios

Property Tax Roll Percentage Scenarios

2016-17 1.00 4.72 9.00 4.20 4.00 4.00

2017-18 - - - 4.87 5.00 5.002018-19 - - - - 5.00 5.00

Current Scenario: Estimated tax roll for 2014

Scenario #1: District’s Estimates (November 2011 II-A Scenario with 2011-12 Tax Roll Updated)Scenario# 2: State’s Estimates (2012-13 through 2016-17)Scenario #3: Best Case Based on Very Optimistic Approach (June 28, 2012)Scenario #4: State’s Estimates (2013-14 through 2017-18 – March 2013)Scenario #5: Best Case Based on Very Optimistic Approach (June 27, 2013)Current Scenario: Estimated tax roll for 2014-15 and Best Case Estimate (June 26, 2014)

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* Includes addition of FPL facility, valued between $700 million to $1 billion

DOE to Certify Millage & Provide 2nd FEFP Calculation –July 18 (Revenue & Millage Recalculation)

Revise budget for 1st Public Hearing based on changes in millage and/or revenues

Advertise 1st Public Hearing in Newspaper – July 26

First Public Hearing to adopt Tentative Budget & Millage:

Next Steps

First Public Hearing to adopt Tentative Budget & Millage: July 31 at 5:30 p.m. in Board Room

Second Public Hearing to adopt Final Budget & Millage: September 4 at 5:30 p.m. in Board Room

November 4 Referendum on one-half cent surtax

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Total Decline of $143 million since 2007-08Total Decline of $143 million since 2007-08

20142014--1515PotentialPotential Budget Cuts &Budget Cuts &PotentialPotential Budget Cuts &Budget Cuts &Revenue EnhancementsRevenue Enhancements

Presented at the 1/21/14 Board Meeting

2014-15 Potential Budget Cuts & Revenue Enhancements Positions Est. Savings Running Total

1 Eliminate Child Care Refund Practice - 1,000,000 1,000,000

2 Eliminate Lego League Budget (Excludes Supplements for Employees) - 8,000 1,008,000

3 Eliminate Robotics Budget (Excludes Supplements for Employees) - 84,000 1,092,000

4 Eliminate 5 Certified Training Custodians 5 247,750 1,339,750

5Eliminate 6 Middle School Guidance Services Professionals Positions (Excludes middle schools with more than 650 students)

6 317,452 1,657,202

6 Reduce Six 12-Month Theatre Manager Contract to 10-Months - 38,017 1,695,219

2014-15 Potential Budget Cuts & Revenue Enhancements Positions Est. Savings Running Total

1 Eliminate Child Care Refund Practice - 1,000,000 1,000,000

7 Increase Class Sizes to Move Toward School-Wide Average (Eliminate 10 Annual Contract Teachers) 10 529,087 2,224,306

8 Eliminate an Educational Technology Position 1 66,279 2,290,585

9 Reduce Fine Arts Support 15% 60,000 2,350,585

10 Reduce 12-Month Elementary Bookkeeper Contract to 11-Months (Excludes School Closures) - 142,912 2,493,497

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Eliminate 43 Elementary Media Assistant Positions (Excludes School Closures) 43 833,817 3,327,314

Eliminate 27 Secondary Media Assistant Positions (Excludes School Closures) 27 513,217 3,840,531

All Bargaining Employees will be afforded their rights under the contract.All Bargaining Employees will be afforded their rights under the contract. 19

Total Decline of $143 million since 2007-08Total Decline of $143 million since 2007-08

Potential Recovered/Added Items/Added Items

Potential Recovered/Added Items Positions Est. Savings

1 Compensation (Includes Potential Increase to the Board Contribution for Medical Benefits) - ??

2 Increase Nursing Budget to Appropriate Level 424,000

3 2.5 RTTT and 0.75 Homeless Resource Teacher units 3.25 272,321

4 Security Access Control (single point access) Phased-In Approach -

5 Add IA Positions to provide support for ESE teachers 11 250,946

6 Leadership Development PAR 2 106,512

7 Summer Jump Start - 429,000

8 Reduce Facility Usage Charges for Category 2 Organizations - ??

2 Increase Nursing Budget to Appropriate Level 424,000

3 2.5 RTTT and 0.75 Homeless Resource Teacher units 3.25 272,321

4 Security Access Control (single point access) Phased-In Approach -

5 Add IA Positions to provide support for ESE teachers 11 250,946

Potential Recovered/Added Items Positions Est. Savings

Cost of 2, 3 & 5:

$947,2678 Reduce Facility Usage Charges for Category 2 Organizations - ??

9 Increase Discretionary Dollars at the Schools - ??

10 Reduce Class Sizes to Move Toward Class-By-Class Compliance (Reinstate 10 Annual Contract Teachers) 10 526,316

11 Increase Professional Development Budget for Summer/Digital Training - ??

12 Secondary Guidance Return to 11-Month - 255,000

13 Secondary Teach 5 of 7 - 10,600,000

14 Corridor Busing - ??

Grand Total of Potential Recovered/Added Items 26.25 12,864,095

All Bargaining Employees will be afforded their rights under the contract.All Bargaining Employees will be afforded their rights under the contract. 21

$947,267

Funding Summary - Operating Budget

Spending Requirements Amount %

Increase in FEFP Revenue 13,113,367 100.00

Charter Growth of 290 (No New Charters) -2,040,307 -15.56

Department of Juvenile Justice (Legislative Increase) -45,181 -0.34

Digital Classroom (New Categorical) -818,492 -6.24

Instructional Materials (Legislative Increase) -415,298 -3.17

Virtual School (Legislative Decrease) -93,111 -0.71

Sub-Total $9,700,978 73.98

Employer Retirement Increase (Leg. Increase of +0.42%) -1,260,000 -9.61

Added from Elimination of SACC Minus Recovered Items +52,733 +0.40

Grand Total $8,493,711 64.77

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Funding Summary - Operating Budget

Spending Requirements Amount %

Increase in FEFP Revenue 13,113,367 100.00

Charter Growth of 290 (No New Charters) -2,040,307 -15.56

Department of Juvenile Justice (Legislative Increase) -45,181 -0.34

Digital Classroom (New Categorical) -818,492 -6.24

Instructional Materials (Legislative Increase) -415,298 -3.17

Virtual School (Legislative Decrease) -93,111 -0.71

Secondary PAR Increase - Returning Dual Enrollment Students -400,000 -3.05

Sub-Total $9,300,978 70.93

Employer Retirement Increase (Leg. Increase of +0.42%) -1,260,000 -9.61

Added from Elimination of SACC Minus Recovered Items +52,733 +0.40

Grand Total $8,093,711 61.72

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Potential Recovered/Added Items Positions Est. Savings

1 Compensation (Includes Potential Increase to the Board Contribution for Medical Benefits) - ??

2 Increase Nursing Budget to Appropriate Level 424,000

3 2.5 RTTT and 0.75 Homeless Resource Teacher units 3.25 272,321

4 Security Access Control (single point access) Phased-In Approach -

5 Add IA Positions to provide support for ESE teachers 11 250,946

6 Leadership Development PAR 2 106,512

7 Summer Jump Start - 429,000

8 Reduce Facility Usage Charges for Category 2 Organizations - ??

2 Increase Nursing Budget to Appropriate Level 424,000

3 2.5 RTTT and 0.75 Homeless Resource Teacher units 3.25 272,321

4 Security Access Control (single point access) Phased-In Approach -

5 Add IA Positions to provide support for ESE teachers 11 250,946

Potential Recovered/Added Items Positions Est. Savings

8 Reduce Facility Usage Charges for Category 2 Organizations - ??

9 Increase Discretionary Dollars at the Schools - ??

10 Reduce Class Sizes to Move Toward Class-By-Class Compliance (Reinstate 10 Annual Contract Teachers) 10 526,316

11 Increase Professional Development Budget for Summer/Digital Training - ??

12 Secondary Guidance Return to 11-Month - 255,000

13 Secondary Teach 5 of 7 - 10,600,000

14 Corridor Busing - ??

Grand Total of Potential Recovered/Added Items 26.25 12,864,095

All Bargaining Employees will be afforded their rights under the contract.All Bargaining Employees will be afforded their rights under the contract. 24

Total Decline of $143 million since 2007-08Total Decline of $143 million since 2007-08

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