Attachment: Board Workshop PP 15May12.pdf
Dr. Binggeli began the budget workshop by giving a historical budgetary analysis and its new realities. He covered line item reductions and issues to the recurring and non-recurring cuts to the budget.
Ms. Preston covered budget considerations for beyond 2012-2013 and the low, medium and high risks for the district.
Dr. Binggeli and Ms. Preston answered questions from the School Board to clarify certain areas of the presentation.
Ms. Preston gave the Board and the viewing public an overview of the Capital Funding. The following items were reviewed (see attached):
- Tax Levy Revenue vs. Debt Payments
- Overview of Debt
- Brevard's Tax Roll Decline
- Property Tax Roll Percentage Change Scenarios
- Capital Revenue Scenarios
- Capital Funds vs. Debt
- Capital Funding Plan Scenarios
- Summary of Annual Revenues, Expenditures, and Fund Balance
- Capital Projects Comparison
- Five Options for Voter Referendum
Dr. Binggeli stated that we will not let our buildings go in disrepair, we will not put our students on buses that are too old to be safe, and we have made a decision that we will not refinance and put this debt onto other Boards or our children. He made clear that we will take money out of our operating funds, if we have to, to make sure that we can protect 1.8 billion dollars of facilities and do what we are required to do to keep people safe.
Ms. Preston and Jo Ann Clark, Director of Accounting, answered additional questions from the School Board as it relates to impact fees, and voter referendum and restrictions from the current legislation.
Ms. Preston presented to the Board information on the quarter mill.
Ms. Preston responded to questions from the Board as it relates to the sales tax and the items we would be able to use the sales tax funds for purchase.
Mr. Ziegler requested from Gino Butto, Assistant Superintendent of Information Technology Systems, to provide a projection on what it would cost to sustain the digital media move for 2014. He stated that this would include the technology infrastructure in general and what we would need to support media text in 2014.
Mr. Butto stated that he has received a compilation of the information but needs to put it in a format to deliver to the Board.
Dr. Murray requested that Ms. Preston sit down with Florida Today to get the truth out as it relates to the sales tax, compression dollars etc. She stated that there will come a point in time that the parents, students and community understand that the district can not continue to do what we are doing anymore. Dr. Murray stated that our community needs to put the pressure on our Legislators.
Dr. Binggeli requested direction from the Board as it relates to the current dollars that we have identified.
All Board Members were not interested in the high risk approach.
Dr. Murray asked for some reassurance on the medium risk. Dr. Binggeli stated that he loves certainty but there isn't a lot there. He assured the Board that the district would continue to be conservative and strategic.
Dr. Krupp brought up concerns of 6 of 7 in secondary schools. Discussion ensued in regard to 6 of 7.
Ms. Henderson stated that there were a lot of good points that were brought up and needed more time to think about all the concerns.
Mr. Ziegler stated that he was leaning toward the medium risk approach and a ballot item.