Fiscal Year 2020-2021 Budget Update April 28, 2020 · 4 FY2020-2021 Conference Budget as compared...
Transcript of Fiscal Year 2020-2021 Budget Update April 28, 2020 · 4 FY2020-2021 Conference Budget as compared...
Fiscal Year 2020-2021 Budget UpdateMay 12, 2020
2020-21 Conference Budget
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Comparison FEFP Funding2019-20 3rd Calc to 2020-21Conference
Volusia Total Per UFTEFEFP Third Calculation $458,756,638 $7,382.89FEFP Conference Calculation $472,555,950 $7,550.11Change $13,799,312 $167.22% Change 3.01% 2.26%
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Statewide Total Per UFTE2019-20 Third Calculation $21.88B $7,655.96FEFP Conference Calculation $22.66B $7,839.58Change $0.78B $183.62% Change 3.56% 2.40%
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FY2020-2021 Conference Budget as compared to FY2019-2020 3rd calc
Volusia Total Fundingincrease $13,799,312
from $458,756,638 to $472,555,950
Total Unweighted
FTE increase
451.45 FTE from 62,137.81 to 62,589.26
Base Student Allocation
(BSA) increase
$40.00 per FTE
from $4,279.49 to $4,319.49
District Cost Differential
(DCD) increase 0.0011
from 0.9654to 0.9665
Base Funding (WFTE x BSA
x DCD)increase
$5,991,133from
$280,497,201to $286,488,334
Volusia FY2020-2021 Conference Budget as compared to FY2019-2020 3rd calc
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Cate
gori
cal F
undi
ng: ESE Guaranteed Allocation
increase $81,192from $23,886,038 to $23,967,230
Compression Adjustment 0.748 millsincrease $377,274
from $4,805,117 to $5,182,391
Safe Schools decrease ($8,339)
from $4,066,157 to $4,057,818
Reading Instruction decrease ($9,767)
from $2,651,965 to $2,642,198
Volusia FY2020-2021 Conference Budget as compared to FY2019-2020 3rd calc
Cate
gori
cal F
undi
ng: Supplemental Academic Instruction (SAI)*
increase $114,664from $16,856,868 to $16,971,532
DJJ Supplemental Funding decrease ($1,034)
from $224,278 to $223,244
Student Transportationincrease $124,503
from $10,493,347 to $10,617,850
Instructional Materials*increase $104,903
from $4,979,640 to $5,084,543
* Earmarked Categoricals6
Volusia FY2020-2021 Conference Budget as compared to FY2019-2020 3rd calc
Cate
gori
cal F
undi
ng: Digital Learning
decrease ($176,001)from $291,363 to $115,362
Mental Health*increase +$543,441
from $1,590,952 to $2,134,393
Best & Brightest Teacher & Principal Allocation
eliminated (-$5,902,163)
Funding Compression Allocation decrease ($607,063)
from $3,574,496 to $2,967,433
* Earmarked Categoricals
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Volusia FY2020-2021 Conference Budget as compared to FY2019-2020 3rd calc
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Cate
gori
cal F
undi
ng: Turnaround School Supplement
No change$1,026,209
Teacher Salary Enhancement*increase +$10,400,848from $0 to $10,400,848
Proration to the Appropriationincrease $622,600
from ($622,600) to $0
Class-size Reduction*increase $671,374
from $66,150,269 to $66,821,643
* Earmarked Categoricals
Volusia FY2020-2021 Conference Budget as compared to FY2019-2020 3rd calc
Cate
gori
cal F
undi
ng:
Teacher Classroom Supply Assistance decrease ($5,591)
from $1193821 to $1188230
Lotterydecrease ($234)
from $60,806 to $60,572
School RecognitionNo Change$1,552,085
* Earmarked Categoricals9
Volusia Total FTE History and Forecast
61,402.83
61,055.91 60,920.43
61,347.48
62,303.65 62,268.88 62,132.43
62,026.80 61,970.25
62,589.26
60,000
60,500
61,000
61,500
62,000
62,500
63,000
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Estimated
2020-21 Projected
FTE
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2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20E 2020-21P
Percentage Change -0.01% -0.56% -0.22% 0.70% 1.56% -0.06% -0.22% -0.17% -0.09% 1.00%
Volusia FTE History and Projection
PRG Program Description 2016 2017 2018 2019 20203rd Calc
2021Projected
101 K-3 Basic 14,611.90 14,252.03 14,032.34 13,912.30 14,465.98 14,821.19102 4-8 Basic 17,010.37 17,118.54 17,432.99 17,402.94 17,707.32 17,488.41103 9-12 Basic 12,861.64 12,763.63 12,456.63 12,270.80 12,045.30 12,204.83111 K-3 ESE 3,447.18 3,554.88 3,454.08 3.597.81 3,427.96 3,489.23112 4-8 ESE 5,711.57 5,836.21 5,884.59 6,008.35 5,969.76 5,893.27113 9-12 ESE 3,752.76 3,762.65 3,900.90 3,928.86 3,860.38 3,929.37130 ESOL 2,086.64 2,286.19 2,303.51 2,275.23 2,122.22 2,138.53254 ESE Support Level IV 758.96 790.69 798.01 798.97 752.49 758.91255 ESE Support LevelV 68.48 53.91 49.38 39.30 49.99 50.57300 CTE 1,994.15 1,850.15 1,820.00 1,791.97 1,736.41 1,814.95
Grand Total 62,303.65 62,268.88 62,132.43 62,026.53 62,137.81 62,589.26
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Volusia FTE 2019-20 3rd Calc
Unweighted FTE 2020 3rd Calc
Traditional 58,603.71Charter 2,551.07McKay 465.00Family Empowerment 573.50Unallocated* (55.47)
Total Unweighted FTE 62,137.81
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*Includes additional Survey 3 FTE data and Survey 2 FTE recalibration needed to reconcile to DOE.
District Cost Differential (DCD) FY2004-2021
District DCD Total Loss / Gain
Brevard* 0.9877 (50,223,153)Broward** 1.0179 537,655,982Clay** 0.9895 (26,546,328)Collier* 1.0500 119,789,477Duval** 1.0081 75,318,172Escambia* 0.9759 (118,625,698)Flagler* 0.9572 (38,143,594)Hillsborough** 1.0045 129,991,546Lake* 0.9805 (68,046,097)Lee* 1.0203 66,114,617Manatee* 0.9873 (15,067,709)Marion* 0.9489 (131,971,258)
District DCD Total Loss / Gain
Miami-Dade** 1.0142 517,881,047Orange* 1.0076 44,756,119Osceola* 0.9890 (59,007,909)Palm Beach** 1.0413 512,391,884Pasco** 0.9833 (67,141,452)Pinellas** 0.9981 30,642,273Polk** 0.9687 (156,304,906)St. Johns* 1.0079 (21,637,197)St. Lucie* 1.0010 (28,567,530)Sarasota* 1.0068 11,334,892Seminole* 0.9955 (31,883,122)Volusia* 0.9665 (170,717,623)
13* FY21 DCD factor increase ** FY21 DCD factor decrease
YEAR Total Loss ($$)2004 (9,952,908)2005 (9,345,453)2006 (9,672,768)2007 (10,388,551)2008 (11,737,220)2009 (11,315,339)2010 (9,769,507)2011 (9,366,228)2012 (8,066,638)2013 (7,850,340)2014 (7,759,168)2015 (6,988,877)2016 (8,381,467)2017 (8,917,099)2018 (11,011,122)2019 (10,211,885)2020 (10,038,553)
2021* (9,930,015)Total Loss $(170,717,623) 14
*FY20-21 DCD loss per FTE($158.65)
0.9605
0.9649
0.9647
0.9642
0.9605
0.9584 0.9593 0.9610
0.9647
0.96720.9683
0.9739
0.97010.9689
0.9617
0.96430.9654
0.9665
0.9500
0.9550
0.9600
0.9650
0.9700
0.9750
0.9800
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Volusia’s District Cost DifferentialFY2004 - FY2021
Funding Compression Allocation and DCD Hold Harmless
$68M Total Statewide Funding Compression Allocation
Calculation generated $52,119,565 total statewide funds
HB5001 made changes to the Total Funds Compression Allocation language that introduced a calculation to “hold districts harmless” from a 2020-21 DCD factor reduction as compared to 2019-20 DCD factor.
Total Calculated “Hold Harmless” Funding Statewide funds = $45,091,092
DCD “Hold Harmless” index factor set at 11.03 with no explanation
Multiplies index factor by Weighted FTE (UFTE used in Funding Compression)
Districts that received Funding Compression in 2019-20 have reduced 2020-21 allocation and districts that did not receive prior year Funding Compression Allocation received “Hold Harmless” allocation
Big winners = Miami- Dade (+$13.9M) and Palm Beach (+$9.5M) & Pinellas ($6.7M) “hold harmless”
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Funding Compression Allocation and DCD Hold Harmless
00
05
10
15
20
25
Mill
ions
Funding Compression DCD Hold Harmless Pro-rated Funding Compression16
Funding Compression Allocation and DCD “Hold Harmless” Calculation
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2019-20 VCS Unweighted FTE 62,137.81
2019-20 Statewide Average - Total Funding per FTE $7,655.96
2019-20 Volusia - Total Funding per FTE $7,449.13
Amount Below Statewide Average $206.03
25% of funding difference capped at $100 per FTE $68.27
Funding Compression Allocation $4,242,148
Proration to Total Statewide Allocation of $68M - Funding Loss (1,274,715)
Prorated Funding Compression Allocation* $2,967,422
*Pro-rated Funding per UFTE = $47.76
Funding Comparison 2019-20 3rd Calculation and 2020-21 Conference Report
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FEFP COMPONENTS 2019-20
3RD CALCULATION 2020-21
CONFERENCE DIFFERENCE Unweighted FTE 62,137.81 62,589.26 451.45 Weighted FTE 67,893.66 68,623.46 729.80
Base Student Allocation $4,279.49 $4,319.49 $40.00
District Cost Differential 0.9654 0.9665 0.0011 School Taxable Value $41,188,256,745 $43,245,926,080 $2,057,669,335Required Local Effort Millage 3.819 3.662 (0.157)Discretionary Millage 0.748 0.748 0.00 Total Millage 4.567 4.410 (0.157)
Funding Comparison 2019-20 3rd Calculation and 2020-21 Conference Report
FEFP COMPONENTS 2019-20
3RD CALCULATION 2020-21
CONFERENCE DIFFERENCE
Base Funding (WFTE x BSA x DCD) $280,497,201 $286,488,334 $5,991,133
ESE Guaranteed Allocation 23,886,038 23,967,230 81,192
Compression Adjustment - 0.748 mills
4,805,117 5,182,391 377,274
Safe Schools 4,066,157 4,057,818 (8,339)
Reading Instruction 2,651,965 2,642,198 (9,767)
Supplemental Academic Instruction 16,856,868 16,971,532 114,664
DJJ Supplemental Funding 224,278 223,244 (1,034)
Student Transportation 10,493,347 10,617,850 124,503
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Funding Comparison 2019-20 3rd Calculation and 2020-21 Conference Report
FEFP COMPONENTS 2019-20
3RD CALCULATION 2020-21
CONFERENCE DIFFERENCE Instructional Materials $ 4,979,640 $ 5,084,543 $ 104,903
Digital Learning 291,363 115,362 (176,001)Teacher Classroom Supply Assistance 1,193,821 1,188,230 (5,591)
Mental Health Assistance Allocation 1,590,952 2,134,393 543,441
Best and Brightest Teacher and Principal Allocation
5,902,163 $0 (5,902,163)
Funding Compression Allocation 3,574,496 2,967,433 (607,063)
Turnaround School Supplement 1,026,209 1,026,209 0
Teacher Salary Enhancement Allocation 0 10,400,848 10,400,848
Proration to the Appropriation (622,600) 0 622,600
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Funding Comparison 2019-20 3rd Calculation and 2020-21 Conference Report
FEFP COMPONENTS 2019-20
3RD CALCULATION 2020-21
CONFERENCE DIFFERENCE Total FEFP $ 361,417,015 $ 373,067,615 $ 11,650,600
Required Local Effort Taxes (151,006,034) (152,031,918) (1,025,884)
Total State FEFP 210,410,981 221,035,697 10,624,716
Categoricals
Class-size Reduction 66,150,269 66,821,643 671,374
Total Categorical Funding 66,150,269 66,821,643 671,374
Lottery 60,806 60,572 (234)
School Recognition 1,552,085 1,552,085 -
Total State Funding $ 278,174,141 $ 289,469,997 $ 11,295,856
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2019-20 3RD CALCULATION
2020-21 CONFERENCE DIFFERENCE
Total State Funding $278,174,141 $289,469,997 $11,295,856 Total Required Local Effort 151,006,034 152,031,918 1,025,884
Discretionary Local Effort 29,576,463 31,054,035 1,477,572
Total Local Funding 180,582,497 183,085,953 2,503,456
Total Funding $458,756,638 $472,555,950 $13,799,312
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Budgeted Total Funding Per
Student
2019-20 3RD CALCULATION
2020-21 CONFERENCE DIFFERENCE
7,382.89 7,550.11 167.22
Funding Comparison 2019-20 3rd Calculation and 2020-21 Conference Report
2020-2021 Revenue and Expenditure ReconciliationIn Millions
Assigned Fund Balance 2019-20 Adopted Budget ($8.13)
Revenue Increase (Decrease):
2020-21 Adopted to Conference Budget 11.92
Earmarked Categoricals* (11.58)
Medicaid (1.80)
Prior Period Adjustment Millage (0.55)
2020-21 Revenue Increase (Decrease) (2.01)
DISTRICT Increased Costs (Savings):
Health Insurance Increase 0.69
Retirement Rate Increase 4.70
Raises – 2% (other than those in Teacher Salary Allocation) 1.72
Life Insurance Savings (0.49)
DISTRICT Increased Cost (Savings) 6.6223
*SAI, Instructional Materials, Class Size, Teacher Salary, Mental Health
2020-2021 Revenue and Expenditure ReconciliationIn Millions
SCHOOL Increased Costs (Savings):
School Staffing Added After 2019-20 Budget Adoption (0.97)
School Non-Salary increase for 20-21 (0.02)
School Staffing Positions added in 20-21 budget* (2.92)
SCHOOL Increased Costs (Savings) (3.91)
PROJECTS Increased Costs (Savings):
Teacher Retirement Savings (projected) (1.70)
PROJECTS Increased Costs (Savings) (1.70)
24*Includes ASD and iAble programs
2020-2021 Revenue and Expenditure ReconciliationIn Millions
DEPARTMENTS Increased Costs (Savings):
Department Staffing Added After 2019-20 Budget Adoption
Department Position Savings from Reorg 2020-21
Department Non-Salary Requests 2020-21
Department Non-Salary Requests Projects 2020-21
DEPARTMENTS Increased Costs (Savings) 0.00
OTHER Increased Costs (Savings):
Charter Schools
Increase in Family Empowerment Scholarships 4.53
Telephones 0.14
Utilities 0.42
DEPARTMENTS Increased Costs (Savings) 5.09
Amount Needed to Balance Budget (16.24) 25
2020-21 Florida Retirement System Projection
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Membership Class
FY19-20 Rate
FY20-21 Rate
FRS CostFY20 FRS Cost FY21 Increase
Regular* 8.47% 10.00% $22,972,362 $27,122,033 $4,149,671
Senior Mgmt 25.41% 27.29% 273,607 293,851 20,244
DROP 14.58% 16.98% 3,272,205 3,810,840 538,635
Elected Officials 48.82% 49.18% 96,686 97,399 713
Total Cost $26,614,860 $31,324,123 $4,709,263
*Regular class rate increase of 1.53%; rate paid for majority of VCS employees.
Fund Balance Projection 6/30/2020
Fund Balance6/30/2019
Actual (millions)
6/30/2020 Projected **
(millions)
6/30/2020 Projected with Assigned FY21
Budget (millions)
Assigned-State & Local $15.8 $15.8 $15.8
Assigned-FY21 Budget 8.1 0.0 16.2
Unassigned 26.2 34.3 18.1
Total Assigned/Unassigned $50.1 $50.1 $50.1
Financial Condition Ratio * 10.65% 10.65% 10.65%
% Unassigned to Revenue 5.56% 7.28% 3.84% ***
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*Assigned + Unassigned balance / Revenue
**For discussion purposes only-assumes no change in fund balance except $8.1M Assigned not used for 2019-20 budget
***Board policy requires minimum 3% Unassigned, with a goal of 5%
2020-21 Budget TimelineDate Timeline
1/14/2020 Beginning of State Legislative Session2/14/2020 Planning/Prep Meeting for Staffing Allocations2/28/2020 Distribute Non-salary/Discretionary Allocations to Principals3/13/2020 End of State Legislative Session3/16/2020 FEFP Conference Report Released4/15/2020 Complete Allocation Meetings w/ Principals5/12/2020 Board Presentation - Budget Planning
Complete Individual Meetings with Board Members6/TBD/2020 Special Board Meeting(s) - General and Capital Funds
7/1/2020 Property Appraiser Certifies the Tax Roll7/13/2020 DOE Certifies RLE Tax Rate and Releases Second FEFP Calculation7/28/2020 Public Hearing and Adoption of Tentative Budget7/31/2020 Certify Tentative Millage Rate - Notify Property Appraiser8/24/20 Deadline for Property Appraiser to Mail out Proposed Tax Notices9/8/2020 Public Hearing and Adoption of Final Budget9/11/2020 District Summary Budget Online and Supporting Documents to DOE
9/25/2020 Certify Final Millage Rate - Notify Property Appraiser, Tax Collector and Department of Revenue10/1/2020 Certify Final Millage Rate - Notify Property Appraiser, Tax Collector and Department of Revenue 28
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