SPECIAL SCHOOL BOARD MEETING - FINAL PUBLIC HEARING FOR THE PURPOSE OF ADOPTING THE FY 2023-2024 MILLAGE/BUDGET

1 Tuesday, September 12, 2023 SPECIAL SCHOOL BOARD MEETING - FINAL PUBLIC HEARING FOR THE PURPOSE OF ADOPTING THE FY 2023-2024 MILLAGE/BUDGET 5:30PM ST. JOHNS COUNTY SCHOOL DISTRICT 40 ORANGE STREET - AND VIA WEBEX ST. AUGUSTINE, FLORIDA 32084 1. CALL TO ORDER BY THE BOARD CHAIR 2. ROLL CALL OF BOARD MEMBERS 3. OPENING COMMENTS FROM THE SCHOOL BOARD AND SUPERINTENDENT 4. PRESENTATION OF THE FY 2023-2024 SJCSD FINAL MILLAGE AND BUDGET Subject 4.01 Presentation of the FY 2023-2024 SJCSD Millage and Budget Meeting Sep 12, 2023 - SPECIAL SCHOOL BOARD MEETING - FINAL PUBLIC HEARING FOR THE PURPOSE OF ADOPTING THE FY 2023-2024 MILLAGE/BUDGET Category 4. PRESENTATION OF THE FY 2023-2024 SJCSD FINAL MILLAGE AND BUDGET Type Information Goals GF-4 Maximize Resources File Attachments FY 2023-2024 Budget Presentation for Final Public Hearing September 2023.pdf (1,918 KB) 5. PUBLIC HEARING OF THE 2023-2024 SJCSD FINAL MILLAGE AND BUDGET 6. REQUEST FOR ADOPTION OF THE RESOLUTION DETERMINING THE FY 2023-2024 REVENUE AND MILLAGES LEVIED FOR THE REQUIRED LOCAL EFFORT, BASIC DISCRETIONARY AND CAPITAL IMPROVEMENT Subject 6.01 Request for Adoption of the Resolution Determining the FY 2023-2024 Revenue & Millage Levied for the Required Local Effort, Basic Discretionary and Capital Improvement Access Meeting Sep 12, 2023 - SPECIAL SCHOOL BOARD MEETING - FINAL PUBLIC HEARING FOR THE PURPOSE OF ADOPTING THE FY 2023-2024 MILLAGE/BUDGET Category 6. REQUEST FOR ADOPTION OF THE RESOLUTION DETERMINING THE FY 2023-2024 REVENUE AND MILLAGES LEVIED FOR THE REQUIRED LOCAL EFFORT, BASIC DISCRETIONARY AND CAPITAL IMPROVEMENT Type Background Information: Each year, St. Johns County School District must determine revenue and millages to be levied. Required Local Effort 3.162 Basic Discretionary 0.748 Capital Improvement 1.500 Total Millage 5.410 Educational Impact: These millages support a wide spectrum of educational opportunities across the district. Strategic Plan Impact: Our budget is a revenue and expense plan that ensures the financial stability for the district and the academic success of our students. Fiscal Impact: The fiscal year (FY) 2023-2024 millage for Required Local Effort, Basic Discretionary, and Capital Improvement will contribute to the day-to-day operations of the district and the capital needs of the district, including the retirement of Certificates of Participation debt. Recommendation: A doption of the Resolution Determining the FY 2023-2024 Revenue & Millage Levied for Required Local Effort, Basic Discretionary and Capital Improvement. Action Required: Approval of the Superintendent’s recommendation . Drafted, reviewed and submitted by: Cathy Weber, Director for Budget Gretchen Saunders, Chief Financial Officer Michael Degutis, Chief of Staff Sincerely, Tim Forson Superintendent of Schools File Attachments Resolution re 2023-2024 Revenue & Millage Levied September 2023.pdf (265 KB) 7. REQUEST FOR THE ADOPTION OF THE RESOLUTION ADOPTING THE FINAL BUDGET FOR THE FY 2023-2024 Subject 7.01 Request for the Adoption of the Resolution Adopting the Final Budget for FY 2023-2024 Meeting Sep 12, 2023 - SPECIAL SCHOOL BOARD MEETING - FINAL PUBLIC HEARING FOR THE PURPOSE OF ADOPTING THE FY 2023-2024 MILLAGE/BUDGET Category 7. REQUEST FOR THE ADOPTION OF THE RESOLUTION ADOPTING THE FINAL BUDGET FOR THE FY 2023-2024 Type Action Goals GF-4 Maximize Resources Background Information: Each year, the St. Johns County School District (SJCSD) must approve a budget describing both revenue and expenses. The FY 2023-2024 SJCSD budget by fund is as follows: Budgeted Revenue Transfers & Fund Balances Budgeted Expenses & Transfers Budgeted Fund Balances General $ 511,826,844.61 $ 468,141,525.00 $ 43,685,319.61 Capital Outlay $ 507,838,962.64 $ 507,631,607.11 $ 207,355.53 Debt Service $ 44,894,308.05 $ 26,894,587.50 $ 17,999,720.55 Special Revenue $ 53,303,856.70 $ 42,054,173.76 $ 11,249,682.94 Subtotal $ 1,117,863,972.00 $ 1,044,721,893.37 $ 73,142,078.63 Internal Service $ 135,275,062.12 $ 70,698,574.38 $ 64,576,487.74 Total $ 1,253,139,034.12 $ 1,115,420,467.75 $ 137,718,566.37 Educational Impact: The budget supports a wide spectrum of educational opportunities across the district Strategic Plan Impact: Our budget is a revenue and expense plan that ensures the financial stability for the district and the academic success of our students. Fiscal Impact: This $1,253,139,034.12 budget is the district's FY 2023-2024 fiscal plan. Recommendation: Adoption of the Resolution Adopting the Final Budget for the Fiscal Year 2023-2024. Action Required: Approval of the Superintendent's recommendation . Drafted, reviewed and submitted by: Cathy Weber, Director for Budget Gretchen Saunders, Chief Financial Officer Michael Degutis, Chief of Staff Sincerely, Tim Forson Superintendent of Schools File Attachments Resolution re Adoption of 2023-2024 Final Budget September 2023.pdf (1,390 KB) 8. PUBLIC COMMENT 9. CLOSING COMMENTS FROM THE SCHOOL BOARD AND SUPERINTENDENT 10. ADJOURNMENT