Proposed Ecsd Millage 2009-2010

Without Potential Additional Discretionary Millage

THE

SCHOOL DISTRICT OF ESCAMBIA

COUNTY

DISTRICT MILLAGE LEVIES 2009-2010 FEFP FINAL CONFERENCE REPORT

2008-2009

Proposed Change

2009-2010

Operating Required Local Effort

5.286

5.635

Discretionary - Basic

0.498

0.748

0.349

Discretionary - Suppiementai

0.250

0.000

(0.250)

Total Operating Mills

6.034

6.383

0.349

Capital Improvement

1.686

1.500

(0.186)

Grand Total Mills

7.720

7.883

0.163

1

0.250

Capital

2008-2009 S1 6,435,045, 831

Tax Roll

2009-2010 316,072,124,116

Change (5362,921,715)

Levying this Discretionary Millage also generates 55,902,921 in State Compression revenue based on the state average generated per student (S440.48) as compared to the amount generated by Escarnbia's tax rol ($290.39). This is not new revenue but is simply a continuation of funding. There is no increase in Discretionary Millage—Basic and Supplemental were combined. Note: Required Local Effort (RLE) Millage and 2009-10 tax roll will change when DOE certifies the roll and resets the RLE millage rate.

s <=*r.al Conference

With Potential Additional Discretionary Millage and Capital Improvement

THE

S C H O O L D I S T R I C T OF

ESCAMBIA COUNTY

'•

DISTRICT MILLAGE LEVIES 2009-2010 FEFP FINAL CONFERENCE REPORT

2008-2009

2009-2010

Proposed Change

Operating Required Local Effort

5.286

5.635

Discretionary - Basic

0.498

0.748 '

0.349 0.250

Discretionary - Supplemental

0.250

0.000

(0.250)

-^tenii'ai =\cdt;;org; Discrete ar/ MJiage

C DOC

:• 25C :

Total Operating Mills

6.034

6.633

0.599

Capital Improvement

1.686

1.250 ;

(0.436)

Grand Total Mills

7.720

7.883

0.163

Capital

2008-2009 Tax Roll

516,435.045,831

2009-2010 $16,072,124,116

Change (2362,921,715)

were combined 2

Requires super majority school board approval for 2009-10 and can be levied for 2009-10 and 2010-11. Voter approval is required in November 2010 to continue to levy. May be levied as Operating or Capital. If levied for Operating will generate estimated additional State Compression revenue of $1.915,333. If .25 discretionary millage is "swapped" of Capital Improvement revenue. The State Compression revenue would be additional revenue to the general fund. Since no funding was provided by the legislature, the State Compression revenue should be reserved unt

THE

SCHOOL DISTRICT OF ESCAMBIA

COUNTY

COMPARISON OF REVENUE GENERATED BY FUND 2009-2010 FISCAL YEAR

Without Additional .25 Mills

Genera! - Local and Discretionary

$

General - State Compression Capita! Improvement Total Revenue

Total Mills

S

With Additional .25 Mills Operating and Reduction in Capital

Increase/ (Decrease)

97,458,949

101,276,078

5,902,921

7,818,254

1,915,333

22,902.777

19,085,648

(3.817,129)

126.264,647

128,179,980

1,915,333

7.883

3,817,129

7.883

Note: If .25 discretionary millage is "swapped" between Operating and Capita!, the General - Local and Discretionary revenue should be used to offset the loss of Capital Improvement revenue. The State Compression revenue would be additional revenue to the genera! fund. Since no funding was provided by the legislature, the State Compression revenue should be reserved until the impact of any state proration is known.

2008-09 VS. 2009-10

Tax Roll

2008-09

2009-10

Increase/I Decrease)

116,435,045,331

$16,072,124,115

(3362,921,715)

Required Local Effort

5.286

Disc. Basic & Suppl. Camp.

0.748

State Compression Total

Total Millage Revenue

$

62.531.870

5.635

S 86.033.098

0.349

11,678,743

0.748

11.420,851

0.000

17 227 250

1.686

25.324.013

7.720

$ 126,083133

0.748

1.500

7.383

3.506.22S

(257.892)

5.9C2.921:

5.548.5C7 0 748

S

354,414

17,323.772

D

22.902J77

(0.186)

$ 126.26-l.S47

0.163

96.522

(3.421.236)

$

181, 5 * 4 °

Reduction in FE== :Ne- Revenue For Required .oca =rcrt iseeNote )

n RLE will be subtracted from the State F'orida

Note: All 2009-10 figures will change after DOE certifies the tax

:s the RLE millage rate Ail reve