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HomeMy WebLinkAboutAgenda - 02-06-2018 4-c - FY2018-19 Orange County Schools Continuation Budget1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: February 6, 2018 SUBJECT: FY2018 -19 Oranae County Schools Continuation B DEPARTMENT: County Manager ATTACHMENT(S): FY2018 -19 OCS Budget Priorities Action Agenda Item No. 4 -c INFORMATION CONTACT: Bonnie Hammersley, 919 - 245 -2300 Todd Wirt, Ed.D, OCS Superintendent, 919- 732 -8126 PURPOSE: To receive an update on the current continuation budget projections for the FY2018 -19 Orange County Schools (OCS) budget. BACKGROUND: During the last collaboration meeting of the three Boards, Orange County Schools requested the opportunity to appear before the Board of County Commissioners prior to the official start of the budget process. The request is an effort to be transparent with information early in the process so that the Board of County Commissioners is aware of the current reality in Orange County Schools. Orange County Schools faces a budget shortfall due to declining enrollment, state mandated salary increases, and state mandated changes to class size ratios at kindergarten through third grade. FINANCIAL IMPACT: There is no immediate financial impact related to this presentation. SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is applicable to this item: • GOAL: ENABLE FULL CIVIC PARTICIPATION Ensure that Orange County residents are able to engage government through voting and volunteering by eliminating disparities in participation and barriers to participation. RECOMMENDATION(S): The Manager recommends that the Board receive the presentation and provide any feedback. Orange County Schools Budget Update 2018 - 2019 School Year Estimated Local Revenue Shortfall - (3,401,396) Charter School Funding Gap - (602,641) Total Estimated Funding Gap (2,798,755) * Reduction in student average daily membership (ADM) will generate the loss of State funding for 10 current classroom teachers. PIA DIFF (93) 151 58 231,504 231,504 (837,900) (606,396) FY18 FY19 PROJECTED ENROLLMENT 7,544 7,451 CHARTER SCHOOL Funded 617 768 less out of district county estimate 89 89 TOTAL STUDENT BILLING BASE 8,072 8,130 Revenue at FY 2018 per pupil (3,991) 32,215,326 $ $ 32,446,830 County Appropriation 32,215,326 32,446,830 1x County Funding 837,900 - Fines & Forfeitures 220,000 220,000.00 Interest 7,000 7,000.00 Total Local Revenue $ 33,280,226 $ 32,673,830 Fund Balance Appropriations 2,555,042 - Local Operating Expenses 33,280,226 33,280,226 Total Local Budget $ 35,835,268 $ 33,280,226 HB 13 Class Size Mandate - 870,000 State Mandated Increases - 1,200,000 Loss of State Teacher Funding - 725,000 Total Continuation Budget $ 33,280,226 $ 36,075,226 Estimated Local Revenue Shortfall - (3,401,396) Charter School Funding Gap - (602,641) Total Estimated Funding Gap (2,798,755) * Reduction in student average daily membership (ADM) will generate the loss of State funding for 10 current classroom teachers. PIA DIFF (93) 151 58 231,504 231,504 (837,900) (606,396)