Polk County School Board

2008-2009 Fundingand Beyond

General

Fund49%

Food Service3%

Federal/State Grants5%

Debt Ser-vice3%

Capi-tal

Projects

29%

Internal Service Fund9%

Internal Accounts 1%

2008-2009 Polk County Schools Budget

Polk Schools Expenditures

PCSB Administrative Costs

Dist A Dist B Dist C Dist D Dist E Dist F Dist G Polk Dist H Dist I Average$0.00

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

School District Administartive Costs

RLE Millage Rate History

1996199719981999200020012002200320042005200620072008

4.5

5

5.5

6

6.5

76.82599999999998

6.6716.56799999999998

6.312

6.0865.962

5.83

5.5785.477

5.31799999999998

5.01

4.752

5.136

Polk County Property Values

2004

2005

2006

2007

2008

$20,652,469,735

$23,625,881,100

$30,014,236,274

$35,357,641,301

$36,847,154,973

Dollars

Year

July 2007 December 2008 $-

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000

$700,000,000

$800,000,000

$503,306,248

$418,857,300

$173,380,616

$205,968,227

State Local

Shift from State to Local Funding

Budget Reductions since July 2007

$70,142,119 Total Reductions

Reduced by $32.54 million◦ 190 Unfilled district positions◦ Contingency Fund eliminated◦ Departmental Capital Equipment budgets

eliminated◦ Vehicle Replacements eliminated◦ Dept budgets reduced

2007/2008 Budget Reductions

Reduced by $9.8 million◦ 4 Days/10 Hours Work Week◦ Middle & High School Scheduling Model◦ Reduced most dept budgets by 10%◦ Reduce Athletic contests to FHSAA minimum◦ Consolidated 4 ESE County wide programs into

1 School◦ Property Insurance Coverage◦ Charge actual costs for all field trips

2008-2009 Budget Reductions

January 2009 Reduction of $17.29 million◦ Eliminate All Staffing Reserves◦ Discontinue Early Retirement Program◦ Reduce 08/09 Contingency Funds◦ Reduce FTE Shortfall Reserve◦ Reduce School Lottery Funding to $5/student

Additional 2008-2009 Reductions

2008-2009 Fiscal Year◦ DOE projects 2% additional reduction by June 30th

which equals $12.6 million 2009-2010 Fiscal Year

◦ DOE instructs to develop budget with 15% reduction in State & Local Revenues $92.9 million

Anticipating 8% to 10% loss in Assessed Property Valuation = $2.9 Billion

Total Reductions since July 2007 $165.14 million

Additional Funding Reductions

1% Salary Reduction = $5 million 1 Day of work for all staff = $2.179 million Career Academies Reducing School support services

◦ Professional Development◦ Curriculum◦ Maintenance

Class Size – move to school average Loss in funding for 09/10 = 1,730 positions Reducing or Eliminating Programs

Funding Considerations