COLLIER COUNTY PUBLIC SCHOOLS PRINCIPAL’S MEETING MAY 7,

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. 2

New Fiscal Year FY15 3

Student (FTE)43,80844,307 OPERATING FUNDING FEFP FORMULA CURRENT YEAR ( ) CONFERENCE REPORT ( ) 4 Projected Increase in Students499 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 12,126,9787,877,165 Funding Change$ 8,083,550

5 FLORIDA EDUCATION FINANCE PROGRAM (FEFP) FUNDING Remove New Student Growth Funds 499 Students at $7, per FTE (3,868,248) Less Digital Classroom Allocation(608,349) Less FRS Increase in Rate(1,000,000) Total New Funding Adjustments$ (5,476,597) Change in Funding (Equalized)$ 2,606,953 Funding Change$ 8,083,550 Adjustments New Students and Restricted Funds

PRELIMINARY INCREASED COSTS FOR FY15 New Assessment/Testing 1,500,000 6 Additional Textbook Adoption Costs 1,150,000 Title 1 Supplement General Fund Portion500,000 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 INCREASED COSTS FOR FY15 (Cont’d) Add Contracted RN and SNA 100,000 7 Total$ 7,328,000 Contract/Calendar Changes213,000 Contract Increases Custodial/Nursing$ 405,000

PRELIMINARY BUDGET REDUCTIONS, REVENUE AND OTHER CHANGES FY15 CSR Staffing Savings$ 4,000,000 8 Total Preliminary Budget Reductions FY15$ 6,850,000 Increase Transportation Revenue250,000 Reduce Departmental Base Budgets 150,000 Attrition/Lapse Projection1,700,000 Reduce Electricity Budget300,000 Curriculum and Instruction Department Reductions 300,000 Reduce Dual Enrollment Tuition Budget150,000

FY15 FUNDING SCENARIO Net New Funding from House Proposal and Change in Referendum 2,606,953 9 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 from Reserve for Budget Shortfall $ (3,692,136)

MULTI-YEAR LOOK AT RESERVE FOR BUDGET SHORTFALL 10

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

Continuous and On-going  Energy Conservation  Health Insurance  Software  Full Time Equivalent  Advertising  Centralized Printing 12