COLLIER COUNTY PUBLIC SCHOOLS

PRINCIPAL’S MEETINGMAY 7, 2014

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FY 14 SCHOOL BUDGETS• School Improvement Funds placed in school cost centers. (SCHIMPR)• Funding is approximately $10 per FTE• iBriefing #4173 dated 5-1 explains the allocation• Expenditures must be approved by SAC’s• Funds will not lapse, they will carry forward. Funds are also planned

to repeat in FY 15, although at an amount closer to $5 per FTE.• You may not be able to expend this year, but these funds are

intended for School Improvement costs for your current students.• We encourage schools to use these funds appropriately and quickly.• Other locational balances unspent at year end will also be brought

forward into FY 15 – no need to hoard supplies.

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New Fiscal Year FY15

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Student (FTE) 43,808 44,307

OPERATING FUNDING FEFP FORMULA

CURRENT YEAR

(2013-2014)

CONFERENCEREPORT

(2014-2015)

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Projected Increase in Students 499

FLORIDA EDUCATION FINANCE PROGRAM (FEFP) FUNDING

Total FEFP Revenue State and Local $ 331,105,822 $ 343,439,185

Total FEFP and Referendum $ 343,232,800 $ 351,316,350

Voter Referendum Millage Proceeds 12,126,978 7,877,165

Funding Change $ 8,083,550

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FLORIDA EDUCATION FINANCE PROGRAM (FEFP) FUNDING

Remove New Student Growth Funds 499 Students at $7,751.42 per FTE (3,868,248)

Less Digital Classroom Allocation (608,349)

Less FRS Increase in Rate (1,000,000)

Total New Funding Adjustments $ (5,476,597)

Change in Funding (Equalized) $ 2,606,953

Funding Change $ 8,083,550

Adjustments New Students and Restricted Funds

PRELIMINARY INCREASEDCOSTS FOR FY15

New Assessment/Testing 1,500,000

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Additional Textbook Adoption Costs 1,150,000

Title 1 Supplement General Fund Portion 500,000

Centralized Registration and Electronic Cumulative Files 160,000

Use Reserve for Low Performing to Offset Cost (1,000,000)

Extended Day 7 Additional Schools $ 4,200,000

iObservation Costs back from Race To The Top Grant 100,000

PRELIMINARY INCREASEDCOSTS FOR FY15 (Cont’d)

Add Contracted RN and SNA 100,000

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Total $ 7,328,000

Contract/Calendar Changes 213,000

Contract Increases Custodial/Nursing $ 405,000

PRELIMINARY BUDGET REDUCTIONS, REVENUE AND OTHER CHANGES FY15

CSR Staffing Savings $ 4,000,000

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Total Preliminary Budget Reductions FY15 $ 6,850,000

Increase Transportation Revenue 250,000

Reduce Departmental Base Budgets 150,000

Attrition/Lapse Projection 1,700,000

Reduce Electricity Budget 300,000

Curriculum and Instruction Department Reductions 300,000

Reduce Dual Enrollment Tuition Budget 150,000

FY15 FUNDING SCENARIO

Net New Funding from House Proposal and Change in Referendum 2,606,953

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FY15 Cost Increases (7,328,000)

Proposed Budget Reductions 6,850,000

FY14 Budget Deficit Planning Amount $ (5,821,089)

FY15 Deficit Spending To Be Funded fromReserve for Budget Shortfall $ (3,692,136)

MULTI-YEAR LOOK AT RESERVE FOR BUDGET SHORTFALL

FY 2011Year End

FY 2012Year End

FY 2013Year End

FY 2014Projected

FY 2015 Projected 25,000,000

40,000,000

55,000,000

70,000,000 $65,244,972

$53,733,376

$45,660,767

$41,290,000

$37,598,000

Reserve For Budget Shortfall

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FY 15 FEFP FUNDING IS $279 LESS PER STUDENT THAN IN FY 08.

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FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15$7,000

$7,500

$8,000

$8,030

$7,674 $7,761

$7,798

$7,297

$7,185

$7,558

$7,751

Total FEFP Funds Per Student

Total FEFP Funds Per Student

Continuous and On-going

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