capital budget work session
TRANSCRIPT
Orange County Public Schools
Capital Budget Work Session
May 19, 2016
Orange County Public Schools
Agenda
• Capital Budget – Estimated revenue
– Appropriations – New schools and renovations
– Other appropriations
– Future issues
• Next steps
2
Orange County Public Schools
Capital Budget
Capital Projects Fund
3
Orange County Public Schools
4
OCPS vs. State Forecasts
160000
170000
180000
190000
200000
210000
Actual COFTE 2011COFTE 2012 COFTE 2013COFTE 2014 COFTE 2015OCPS (COFTE Estimate)
FLDOE 2011
FLDOE 2012
FLDOE 2014
OCPS 2015
FLDOE 2013
FLDOE 2015
Orange County Public Schools BEBR Projections (2014)
2015 Projected 5-17 year olds: 216,137 2020 Projected 5-17 year olds: 233,138 Difference: 17,001
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Orange County Public Schools
15292
10943
8769
3837 3079 3042
4577
8025 7739
7144 7500
13969
8169
5401
1929
2846
4045
6510
10419
9510 9490
9500
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
Total Certificates ofOccupancy (Orange Co.Property Appraiser)
Total Building Permits(HUD Database)
ACTUAL ESTIMATED
New Residential Construction
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Orange County Public Schools
7
-
100.00
200.00
300.00
400.00
500.00
600.00
2017 2018 2019 2020 2021
In M
illio
ns
Fiscal Year
Budgeted Capital Revenues by Source
Other State
PECO
Other Local
Sales Taxes
Impact Fees
Property Taxes
Orange County Public Schools
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Districtwide Capital 15.02%
Comprehensive Needs 45.88%
Additional Schools 6.49%
Site Acquisition 1.04%
Safety Security Environ 0.69%
Portables 2.77%
Educational Tech 8.15%
Charter Schools 0.61%
Buses & Equipment 2.37%
Ancillary Facilities 0.73%
Debt Service & Ops 16.25%
Capital Projects Use of Funds (Excluding Reserves)
Orange County Public Schools
Proposed Capital Plan
• Continues with project priorities as previously presented
• Complies with settlement agreement
• Complies with recommendations from COVE regarding advanced projects and capital renewal reserves
• New capacity projects based on recommendation from Advance Planning
• Schedule to be adjusted as needed based on student growth, revenue availability and other restrictions
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Orange County Public Schools
Five-Year New School Openings • 2016 Millennia Gardens Elementary
• 2016 Bay Lake Elementary
• 2016 Wedgefield School
• 2017 131-PS8-SW-5
• 2017 21-M-E-2
• 2017 52-M-SE-2
• 2017 27-H-W-4
• 2017 44-E-SE-2
• 2017 84-E-W-4
• 2018 133-K8-N-6
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Orange County Public Schools
Five-Year New School Openings
• 2019 37-M-W-4
• 2019 72-E-W-7
• 2019 25-E-SW-4
• 2020 114-E-W-4
• 2020 90-E-N-7
• 2020 20-E-SW-4
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Orange County Public Schools
FY2017 Comprehensive Projects - Construction
• Dover Shores ES
• Cypress Park ES
• Oak Hill ES
• Lake Como/Kaley K-8
• Rock Lake ES
• Mollie Ray ES
• Ivey Lane ES
• Meadow Woods ES
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Orange County Public Schools
FY2017 Comprehensive Projects - Design
• Pershing/Pine Castle K-8
• Hillcrest ES
• Corner Lake MS
• Durrance ES
• Union Park ES
• Pine Hills ES
• Frangus ES
• Maxey ES
• Hungerford ES
• Hidden Oaks ES
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Orange County Public Schools
Other FY17 Appropriations
• Capital Renewal- $78.2m
• Digital curriculum expansion- $40.1m
• Site acquisition for future projects- $6m
• School bus replacement- $13.7m
• Portable moves and leasing- $16m
• Charter school capital funding- $3.6m
• District-wide painting- $4.5m
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Orange County Public Schools
10 Year Plan Highlights
• Completion of original Sales Tax list
• Functional Equity schools
• Pre-2003 Sales Tax schools
• Capital Renewal
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Orange County Public Schools
Future Issues
• Student station limits (HB 7029)
• Open enrollment (HB 7029)
• Impact Fee rates
16
Orange County Public Schools
Next Steps
• Approval to advertise – June 28
• Public hearing – July 26
• Public hearing – September 13
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Orange County Public Schools
Superintendent’s Comments
School Board Questions and Discussion
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