2007 - 20082007 - 2008

BUDGET AND MILLAGEBUDGET AND MILLAGE

SCHOOL DISTRICT OF ESCAMBIA COUNTYSCHOOL DISTRICT OF ESCAMBIA COUNTYSCHOOL DISTRICT OF ESCAMBIA COUNTYSCHOOL DISTRICT OF ESCAMBIA COUNTY

THE SCHOOL DISTRICT’S MILLAGE IS COMPRISED OF:THE SCHOOL DISTRICT’S MILLAGE IS COMPRISED OF:

General Fund

Required Local Effort (determined by State)

Basic Discretionary

Supplemental Discretionary

Capital Outlay Fund

Capital Improvement Fund (2 Mill)

WHAT DOES “ROLLED BACK RATE” MEAN?WHAT DOES “ROLLED BACK RATE” MEAN?

It is the millage rate that would generate It is the millage rate that would generate

the same ad valorem tax revenue as was the same ad valorem tax revenue as was

levied in the prior year when applied to the levied in the prior year when applied to the

current year certified taxable value (with current year certified taxable value (with

certain exclusions). The current year total certain exclusions). The current year total

proposed millage rate is .04% less than proposed millage rate is .04% less than

the rolled back rate.the rolled back rate.

AD VALOREM TAX LEVIES BY FUND

2007-2008 FISCAL YEAR

Mills Amount

General Fund - Required Local Effort 4.960 $75,138,850

Discretionary - Basic 0.510 7,725,971

Discretionary - Supplemental 0.250 3,787,240

5.720 $86,652,061

Capital Improvement Fund 2.000 30,297,924

Total 7.720 $116,949,985

$15,946,275,5642007 Certified Tax Roll

Ad Valorem Tax Levies

2006-2007 2007-2008Proposed Change

Required Local Effort 5.134 4.960 (0.174)

Discretionary - Basic 0.510 0.510 0.000

Discretionary - Supplemental 0.250 0.250 0.000

Total 5.894 5.720 (0.174)

Capital Improvement 2.000 2.000 0.000

Grand Total 7.894 7.720 (0.174)

2006-2007 2007-2008 Change

Certified Tax Roll $14,825,927,718 $15,946,275,564 $1,120,347,846

DISTRICT MILLAGE LEVIES2007-2008 FEFP 2ND CALCULATION

ANALYSIS OF PROPERTY TAXES GENERATED

2006-2007 VS 2007-2008

50,000.00$ (25,000.00)$ 25,000.00$ 197.35$ 193.00$ (4.35)$

70,000.00 (25,000.00) 45,000.00 355.23 347.40 (7.83)

90,000.00 (25,000.00) 65,000.00 513.11 501.80 (11.31)

110,000.00 (25,000.00) 85,000.00 670.99 656.20 (14.79)

130,000.00 (25,000.00) 105,000.00 828.87 810.60 (18.27)

150,000.00 (25,000.00) 125,000.00 986.75 965.00 (21.75)

State Local Total

Note: Mills Levied 2006-2007 5.134 2.760 7.894

Mills Levied 2007-2008 4.960 2.760 7.720

Difference (0.174) 0.000 (0.174)

$15,946,275,564Mills Based on 2007-2008 Certified Tax Roll of

AppraisedValue

ExemptValue

Non-ExemptValue

2006-2007 2007-2008 Difference

BUDGET CYCLEBUDGET CYCLE

DISTRICT SUMMARY BUDGETDISTRICT SUMMARY BUDGET2007-2008 ANALYSIS BY FUND2007-2008 ANALYSIS BY FUND

General Fund $354,668,949.49

Special Rev. Food Svcs.

24,613,608.84

Spec. Rev. Other Federal Programs

33,714,392.08

Debt Svc. Funds 11,054,602.61

Capital Projects Funds

159,479,798.49

Internal Svc. Funds 67,568,455.00

Grand Total $651,099,806.51

HOW DO WE COMPARE –HOW DO WE COMPARE –2006-2007 VS 2007-2008 BUDGET2006-2007 VS 2007-2008 BUDGET

2006-2007 2007-2008Final Budget Budget Increase/

(Millions) (Millions) Decrease

General Fund $359.56 $354.67 ($4.89)

Special Revenue - Food Svc. 23.88 24.61 0.73

Special Revenue - Other 36.94 33.71 (3.23)

Debt Service Funds 11.49 11.05 (0.44)

Capital Projects Funds 146.59 159.48 12.89

Internal Service Funds 64.79 67.57 2.78

Subtotal 643.25 651.09 7.84

Less Transfers:

From General Operations 0.00 0.00 0.00

From Capital Projects 14.22 12.29 (1.93)

From Trust & Agency 0.00 0.01 0.01

Grand Total $629.03 $638.79 $9.76

GENERAL OPERATING FUNDGENERAL OPERATING FUND2007-2008 REVENUE2007-2008 REVENUE

Federal/Federal through State

$ 3,228,675.39

State 212,152,700.81

Property Taxes 86,652,061.00

Other Local 5,495,500.00

Total Revenue 307,528,937.20

Transfers In 7,298,500.00

Beginning Fund Balance 7/1/07 39,841,512.29

Total Available $354,668,949.49

GENERAL OPERATING FUNDGENERAL OPERATING FUND2007-2008 APPROPRIATIONS BY OBJECT2007-2008 APPROPRIATIONS BY OBJECT

Salaries $ 185,447,234.44

Benefits 59,688,905.27

Purchased Svcs. 31,028,607.80

Energy Svcs. 13,125,094.37

Materials & Supplies 15,131,597.36

Capital Outlay 8,752,429.26

Other Expenses 7,552,349.39

Total Appropriations

320,726,217.89

Transfers & Reserves 33,942,731.60

Grand Total $354,668,949.49

GENERAL OPERATING FUNDGENERAL OPERATING FUND

THIS FUND IS USED FOR THE DAY-TO-DAY OPERATION

OF THE SCHOOL SYSTEM. IT PAYS FOR THE MAJORITY

OF: Salaries and Fringe Benefits

Supplies and Materials

Textbooks

Transportation

Utilities

Other Expenditures (Fees, Agreements, Repairs, Equipment, Etc.)

TOTAL BUDGET $354,668,949.49

SPECIAL REVENUE FUNDSPECIAL REVENUE FUND

THIS FUND IS USED TO ACCOUNT FOR FEDERAL

GRANT PROGRAMS AND THE SCHOOL FOOD

SERVICE PROGRAM:

Food Service $24,613,608.84

Federal $33,714,392.08(New grants are budgeted as received)

DEBT SERVICE FUNDDEBT SERVICE FUND

THIS FUND IS USED TO ACCOUNT FOR THE

ACCUMULATION OF RESOURCES FOR, AND

PAYMENT OF, GENERAL LONG-TERM DEBT

PRINCIPAL, INTEREST, AND RELATED COST:

Certificates of Participation

Long-Term Leases

TOTAL BUDGET $11,054,602.61

CAPITAL OUTLAY FUND CAPITAL OUTLAY FUND

THIS FUND IS USED FOR EDUCATIONAL

CAPITAL OUTLAY NEEDS:

Acquisition - Facilities & Land

Construction & Renovation - Facilities

Acquisition - Major Equipment

TOTAL BUDGET $159,479,798.49

INTERNAL SERVICE FUND INTERNAL SERVICE FUND

THIS FUND IS PRIMARILY USED TO ACCOUNT FOR THE BOARD’S SELF-INSURANCE

PROGRAMS, THE FINANCIAL RESOURCES OF THE P.M.D.N. FOR WHICH THE BOARD IS

A FISCAL AGENT, LIFE INSURANCE AND THE WAREHOUSE OPERATIONS:

Auto & General Liability / Worker’s Comp. $ 6,908,300.00

Dental / Health / Life 59,595,400.00

Panhandle Mgt. Dev Network 12,755.00

Warehouse Operations 1,052,000.00

TOTAL BUDGET $67,568,455.00

BEGINNING FUND BALANCEBEGINNING FUND BALANCE

Actual 2006-2007

Actual 2007-2008

Reserved for:Encumbrances $12,727,760 $11,191,867Local Carryovers 11,326,133 10,399,214State Required Carryover Programs 3,391,398 5,202,838Other Restricted 1,381,969 1,608,877Inventory 1,319,469 1,356,364

Unreserved Carryover 9,377,439 10,082,352Total $39,524,168 $39,841,512

UNRESERVED BEGINNING FUND BALANCEUNRESERVED BEGINNING FUND BALANCE1995-1996 THROUGH 2007-2008 1995-1996 THROUGH 2007-2008

3,222,544

1,621,897

1,056,963

3,285,9233,713,121

1,120,094

3,168,250

3,782,391

7,483,581

6,359,930

8,090,2129,377,439

10,082,351

-

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

PRE-K - 12 REGULAR TERM UNWEIGHTED FTEPRE-K - 12 REGULAR TERM UNWEIGHTED FTEEXCLUDING SUMMER SCHOOL & ADULTEXCLUDING SUMMER SCHOOL & ADULT

1995-1996 THROUGH 2007-20081995-1996 THROUGH 2007-2008

Note: 2007-2008 is projected.

43,489.52

44,120.80

44,384.26

44,130.94

43,698.6743,583.39

43,403.96

42,854.79

43,054.8443,023.98

42,590.87

41,952.73

41,414.73

39,500

40,000

40,500

41,000

41,500

42,000

42,500

43,000

43,500

44,000

44,500

1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08

TOTAL STATE & LOCAL FEFPTOTAL STATE & LOCAL FEFP$200,042,658$200,042,658