School Board of Polk County has won the GFOA Distinguished ...

School Board of Polk County has won the GFOA Distinguished Budget Presentation Award for the past

13 consecutive years.

2004-2016

The Government Finance Officers Association of the United States and Canada (GFOA) presented a Distinguished Budget Presentation Award to School Board of Polk County, Florida for its annual budget for the fiscal year beginning July 1, 2016. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan, and as a communications device. This award is valid for a period of one year only. We believe our current budget continues to conform to program requirements, and we are submitting it to GFOA to determine its eligibility for another award.

District Budget

July 1, 2017 - June 30, 2018

Jacqueline M. Byrd, Superintendent September 05, 2017

TABLE OF CONTENTS

I.

EXECUTIVE SUMMARY

PAGE

Superintendent's Message ........................................................................................................................................ 9

School Board Organization Chart ............................................................................................................................ 10

Budget Highlights and Overview .............................................................................................................................. 11

II.

ORGANIZATIONAL FACTS

Strategic Plan ........................................................................................................................................................... 19

District Organizational Chart .................................................................................................................................... 21

Senior Management................................................................................................................................................. 22

District Personnel Allocations .................................................................................................................................. 23

District Personnel Resources by Year ..................................................................................................................... 24

III. BUDGETING PROCESS AND POLICY

Basis of Accounting and Basis of Budgeting ........................................................................................................... 25

Budget Adoption Calendar ....................................................................................................................................... 28

Budget Process Flowchart ....................................................................................................................................... 29

Synopsis of Board Policy and District Administrative Procedures ........................................................................... 30

Requirements Imposed on Public Schools .............................................................................................................. 33

Florida Education Finance Program (FEFP)............................................................................................................ 38

FEFP Calculation Schedule and Comparison ......................................................................................................... 39

FTE Forecasting Overview and Student Enrollment History ................................................................................... 40

IV. FINANCIAL SUMMARY

Funds Structure and Major Revenue Sources......................................................................................................... 41

Summary of Budget (All Funds) Current Year ......................................................................................................... 42

Percentage of Budget by Fund 2017-18 .................................................................................................................. 43

Summary of Budget (All Funds) 2016-17 Actual ..................................................................................................... 44

Summary of Budget (All Funds) 2015-16 Actual ..................................................................................................... 45

Fund Balance Trends (All Funds) 5 Year History .................................................................................................... 46

Discussion of Fund Balance Trends ........................................................................................................................ 47

V.

FINANCIAL DETAIL

Comparison of Budget (All Funds) 5 Year History................................................................................................... 51

General Fund Overview ........................................................................................................................................... 52

General Fund 5 Year History ................................................................................................................................... 56

General Fund Revenue 5 Year History.................................................................................................................... 57

General Fund 10 Year Revenue Trend.................................................................................................................... 58

Capital Projects Fund Overview............................................................................................................................... 59

Capital Projects Fund 5 Year History....................................................................................................................... 61

Capital Projects Fund 10 Year Revenue Trend ....................................................................................................... 62

Debt Service Fund Overview ................................................................................................................................... 63

Debt Service 5 Year History..................................................................................................................................... 68

Special Revenue - Food Service Overview ............................................................................................................. 69

Special Revenue - Food Service 5 Year History ..................................................................................................... 71

Special Revenue - Other Fund Overview ................................................................................................................ 72 Special Revenue - Other 5 Year Revenue History .................................................................................................. 74 Special Revenue - Other 5 Year Expenditure History ............................................................................................. 75 Special Revenue - ARRA Fund Overview ............................................................................................................... 76 Special Revenue - ARRA Fund History ................................................................................................................... 77 Special Revenue - MISC Fund Overview...............................................................................................78 Special Revenue ? MISC Fund 5 Year History.......................................................................................79 Internal Service Fund Overview ............................................................................................................................... 80 Internal Service Fund 5 Year History ....................................................................................................................... 81 Agency Fund Overview ............................................................................................................................................ 82 Agency Fund 5 Year History .................................................................................................................................... 83 Enterprise Fund Overview ....................................................................................................................................... 84 Enterprise Fund 5 Year History................................................................................................................................ 85 VI. SCHOOLS AND CHARTER SCHOOLS School Budget Allocations Overview ....................................................................................................................... 87 School Based Personnel Positions and Dollars....................................................................................................... 91 Personnel Allocations by School.............................................................................................................................. 92 Budget Allocations by School .................................................................................................................................. 96 School Goals tied to Strategic Plan ....................................................................................................................... 100 School Career Academies Overview ..................................................................................................................... 104 School Career Academies Listing.......................................................................................................................... 105

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