School Board of Indian River County, Florida

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2007-08Governors Budget

• School Board of Indian River County, Florida
• April 10, 2007

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Proposed FEFP Funding Issues

• Base Student Allocation (BSA) 4,101.34
• Increase of 119.73 or 3.01
• District Cost Differential (DCD) 0.9821
• Increase of .35
• BSA times DCD 4,027.93
• Increase of 131.12 or 3.36
• Required Local Effort 4.893 mills
• Down 0.27 mills or 5.23
• Millage Has Been Down the Last Four Years and Six
  of the Last Seven

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Proposed FEFP State Funding
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Total Proposed FEFP Funding
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(No Transcript)
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Possible Uses of New Resources

• Increase in State Categorical Programs
• Projected Growth in Student Enrollment of 294,
  including Charter Schools
• Inflationary Increases gas, oil, utilities and
  classroom materials and supplies, etc.
• Other Considerations
• Strategic Plan Implementation
• New Labor and Non-labor Requests
• New Educational Programs
• Employee Salary Enhancements (including fringe)

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Other Points of Interest

• House Version of Governors Budget Contains
• Total Increase Statewide is 1.1 billion
• Includes 515 million in Class Size Reduction
  (CSR)
• Total CSR now totals 2.6 billion or 13.6 of
  K-12
• State still allowing flexibility in use of CSR
• Tax Roll Estimated to Increase by 10.91
• Additional funds for Merit Award Program
• Too early for PECO New Construction or Classrooms
  For Kids
• CRK - Capital funding to support Class Size
  Reduction
• 2006-07 PECO 1,704,432
• 2006-07 CRK 8,183,025

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Budget Calendar 2007-08

• Board Budget Priority Workshop - May 22 (10am)
• Workshop on Preliminary Budget, Millage and Five
  Year Capital Projects Plan - June 28 (9am)
• First Public Hearing to Adopt Tentative Budget
  and Millage Rates - July 26 (6pm)
• Final Public Hearing - September 6 (6pm)