School Board Workshop

I. CALL TO ORDER II. PUBLIC COMMENTS Public comment is not an open forum to discuss matters unrelated to education, to support or oppose candidates for public office, or to engage in commercial speech attempting to sell a service or product to the School Board or public. Also, public comment is not a forum to attack individual school system employees or Board Members. Any such complaints should be submitted in writing to the Superintendent for appropriate handling. Finally, this is not a forum for addressing issues involving individual students. Because of privacy concerns, such issues should be submitted in writing to the Superintendent for appropriate handling. Each speaker is allowed three minutes to address the Board. Speakers must stand at the podium and not approach the dais. This is a business meeting of the School Board and the public expects that we conduct it in an orderly, efficient, effective and dignified manner. We request that speakers keep this in mind when making your comments. We also request that the audience keep that in mind and not demonstrate approval or disapproval of what a speaker has said by clapping or booing. The Board appreciates the public's input and will listen attentively, consider each comment, and usually will not respond, enter into debate, or answer questions during comments on agenda items or during the public comments section. PUBLIC INPUT INSTRUCTIONS: 1. Before you begin speaking, please provide any handouts to the Agency Clerk. 2. Please identify yourself only by your full name for the record. 3. You have no more than three minutes to speak. Please stop speaking when the bell rings. 4. Florida Law requires all citizens to conduct themselves in an orderly fashion at public meetings. 5 . WARNING: Any individual who interferes with the expeditious or orderly process of a School Board meeting, will be subject to removal from the meeting pursuant to Section 1001.372(3) Florida Statutes at the discretion of the Chair. Orderly fashion is deemed as, at a minimum (1) no profanity (2) no vulgar language (3) no discourteous, disrespectful, or disparaging conduct. III. WORKSHOP 1. Overview of the 2023-2024 Budget | General Fund 2. Update on Impact Fee Study 3. Discussion of Citizens' Financial Oversight Committee (CFOC) Agenda June 29, 2023 School Board of Manatee County Workshop - 9:00 AM Walter Miller School Support Center Board Room Times Indicated are Approximate 1

IV. ADJOURNMENT 2

AGENDA ITEM NO. III.1 School Board of Manatee County June 29, 2023 - Workshop Title Overview of the 2023-2024 Budget | General Fund Executive Summary Rachel Sellers, Deputy Superintendent of Business Services, will present an overview of the 2023-2024 Budget regarding the General Fund. Contact Submitting Department: Budget Initiated by: Rachel P. Sellers Attachments: Budget_Workshop_June_29_2023 3

2023-24 Budget Workshop General Fund Presented by: Rachel Sellers, Deputy Superintendent of Business Services 1 Board Workshop June 29, 2023 4

Agenda • Budget Process for 2023-24 • Preliminary Budget All Funds • Revenue for Capital Fund • Legislative Changes for 2023-24 • FEFP Budget Revenue for 2023-24 • Revenue Funded by Local Taxable Value of Property • Significant Assumptions for General Fund Budget • General Fund - Fund Balance Summary & Requirements 2 5

Budget Preparation Process for 2023-24 Board Workshops • 01/27/2023 – Budgeting Review, 2022-2023 • 05/26/2023 – Staffing Plan, 2023-2024 • 06/02/2023 – Capital Plan, 2023-2024 • 06/29/2023 – Budget Preparation, 2023-2024 Future Meetings • 07/18/2023 - Board Meeting, Approve Budget for Advertising • 07/25/2023 - Public Hearing, Tentative 2023-24 Millages and Budget • 09/05/2023 - Public Hearing, Final 2023-24 Millages and Budget 3 6

Preliminary Budget – All Funds 4 Budgeted Revenue, Transfers In and Fund Name Fund Balance General Fund $611,247,680 Capital Fund $229,811,049 Special Revenue (Grants) $71,065,754 Internal Services (Health Insurance and Workers Comp) $59,605,421 Debt Services (Principal & Interest payments of Debt) $48,450,199 Trust and Agency (MTC Scholarships & Donations) $1,936,935 Total $1,022,117,038 7

Revenue for Capital Fund 2023-24 5 Manatee County School District Capital Plan 2024 Year 1 REVENUES FY 23/24 Ad Valorem Taxes 1.5 Mill 99,210,822$ CO & DS 1,442,884 CO & DS Interest 30,699 PECO - Charter School Capital Outlay 4,492,248 Sales Tax Revenue 48,813,111 Impact Fee Revenue 31,150,906 Fuel Tax Refund 79,875 MCR Health Grant 633,600 Interest and Refunds 500,000 TOTAL REVENUES 186,354,145$ FUND BALANCE - BEGINNING 43,456,904$ TOTAL BEG. FUND BALANCE AND REVENUES 229,811,049$ 8

Legislative 2023-24 Changes • FRS Rate increased (13.57% from 11.91%) • Moved District Cost Differential (DCD) of 0.9957 to Comparable Wage Factor (CWF) of 1.000 - increase of $1.3M • Charter School Capital Outlay to be funded by the 1.5 millage revenue on 5-year gliding scale. • Educational Enrichment Allocation (f.k.a. Supplemental Academic Instruction) - the EEA can be used to fund activities and services that support and increase the academic achievement of students in grades K-12 – Increased $404K of which $231k is distributed to FES 6 9

Legislative 2023-24 Changes • Increase in BSA per student from $4,587.40 in 2022-23 4th Calc to $5,139.73 in 2023-24 Conference Report for a total increase of $41.6M • Some Categoricals moved to BSA, including Instructional Materials, Reading Allocation, Teacher Classroom Supplies, Teacher Salary Increase Allocation, and Funding Compression and Hold Harmless for a total of $27.5M • Instructional Materials still expected to purchase adopted materials • Reading Allocation still must provide services and submit a plan to the state • TSIA still require specific Maintenance and Growth amounts • Teacher Classroom Supplies • Funding Compression and Hold Harmless allocation (Net increase in BSA after moving Categoricals into BSA $14.1M) • Increase in Family Empowerment Scholarship (FES) from $23.2M in 2022-23 to $30M in 2023-24, reduces the funds from the increase in BSA by $6.8M 7 10

FLORIDA SCHOOL FUNDING FORMULA • In 1973, the Florida Legislature passed the Florida Education Finance Program (FEFP) with the following purpose: "To guarantee to each student in the Florida public education system the availability of programs and services appropriate to his or her educational needs that are substantially equal to those available to any similar student, notwithstanding geographic differences and varying local economic factors." 8 11

2023-24 FEFP Budget Revenue 9 2024 Conf Rpt x = x x = 2023 4th Calc + + + + + 2024 Conf Rpt 2023 4th Calc + + + + + 2024 Conf Rpt 2023 4th Calc + + + + = 2024 Conf Rpt 2023 4th Calc - = + + = 2024 Conf Rpt 2023 4th Calc + + = - = 2024 Conf Rpt 2023 4th Calc 191,927,711 49,473,130 43,061,809 Required Local Effort 2023-24 - 3.244 2022-23 - 3.274; 214,559,937 188,481,768 350,389,228 329,393,516 214,559,937 188,481,768 Net State FEFP 135,829,291 140,911,748 Required Local Effort (RLE) 56,57352,136 1,458,559 191,532,520 Total State Funding Teachers Classroom Supplies Gross State and Local Funding Incl in BSA in 2024 ESE Guaranteed Allocation 161,858 12,862,456 CR Teacher & Oth Instr Personnel Salary Incr $17,757,405 Incl in BSA in 2024 13,607,402 Department of Juvenile Justice (DJJ) .748 Mill Discretionary Compression 2,885,028 3,661,076 0 0 53,767 58,262 0 State Funded Discretionary Supplement 0 Funding Compression & Hold Harmless Incl in BSA in 2024 4,376,625 Reading Instruction 5,139.73 4,587.40 1.0000 0.9937 Safe Schools Base Funding FTE Students Program Weights Weighted FTE Students Base Student Allocation (BSA) District Cost Differntial (DCD) Instructional Materials Class Size Reduction Sparsity Supplement 21,623,777 Student Transportation Education Enrichment (f.k.a. SAI) 2,785,253 Incl in BSA in 2024 299,450,332 Mental Health Assistance 153,718 257,887,393 20,709,989 2,421,662 13,266,135 8,392,512 Turnaround Supplement 8,730,006 4,380,007 968,956 0 0 0 423,471,288 23,224,117 District FEFP Funding 425,512,168 400,247,171 6,669,570 .748 Discretionary Local Effort 30,053,419 49,033,659 Total FEFP Funding 455,565,587 FES 2023-24 UFTE 3,274.77 2022-23 UFTE 2,346.50 051,015,963 12

Revenue Funded by Local Taxable Value of Property 10 Estimated Taxable Value as of May 25, 2023: $72,275,325,344 Millage Amount to be Raised Millage Amount to be Raised Description Rate @ 96.00% Rate @ 96.00% Gross Taxable Value $68,896,403,965 $59,967,982,716 Required Local Effort (RLE) 3.244 $214,559,937 3.274 $188,481,768 Discretionary Operating 0.748 $49,473,130 0.748 $43,061,809 Capital Outlay 1.500 $99,210,822 1.500 $86,353,895 Additional Voted Operating 1.000 $66,140,548 1.000 $57,569,263 Total 6.492 $429,384,436 6.522 $375,466,736 2023-2024 Conference Report 2022-2023 4th Calc 13

Significant Assumptions for 2023-24 GF Budget • Increased student FTE caused an increase in Classroom Teacher Allocations -$6.8M • Transfer MS & HS Certified School Counselors from ESSER Grant - $4.2M • Transfer MS & HS Classroom Subs from ESSER Grant - $1.2M • Increased Employer FRS Contribution Rate - $3.8M • Increased Health Insurance Rate - $5.6M 11 14

12 General Fund- Fund Balance Summary Fiscal Total Nonspendable Combined Fund Balance % Rate Year Fund Balance Inventory Restricted Assigned Unassigned Assigned/Unassigned of Revenue of Change Revenue 05-06 $15,230,488 $502,400 $1,418,451 $4,511,189 $8,798,448 $13,309,637 4.87% 273,169,330 06-07 $11,920,032 $435,949 $640,817 $1,103,879 $9,739,387 $10,843,266 3.56% -1.31% 304,332,555 07-08 $8,066,211 $452,003 $1,344,442 $998,738 $5,271,028 $6,269,766 1.98% -1.59% 317,387,551 08-09 $11,391,193 $389,949 $405,126 $1,056,920 $9,539,198 $10,596,118 3.43% 1.46% 308,714,494 09-10 $10,870,441 $452,212 $163,742 $1,128,208 $9,126,279 $10,254,487 3.50% 0.06% 293,289,240 10-11 $6,794,087 $1,687,831 $132,154 $1,579,405 $3,394,697 $4,974,102 1.65% -1.84% 300,722,362 11-12 -$3,458,661 $460,237 $208,430 $0 -$4,127,328 -$4,127,328 -1.40% -3.05% 295,243,037 12-13 -$7,503,057 $950,536 $180,838 $0 -$8,634,431 -$8,634,431 -2.80% -1.40% 308,347,961 13-14 $14,411,381 $730,723 $2,614,303 $973,008 $10,093,347 $11,066,355 3.32% 6.12% 333,033,399 14-15 $17,348,150 $743,221 $2,409,971 $2,877,127 $11,317,831 $14,194,958 4.11% 0.79% 345,289,263 15-16 $16,189,118 $738,001 $2,036,469 $4,815,340 $8,599,308 $13,414,648 3.72% -0.39% 360,429,470 16-17 $25,562,074 $680,710 $6,759,806 $5,294,697 $12,826,861 $18,121,558 4.92% 1.20% 368,183,816 17-18 $30,240,826 $647,626 $8,955,032 $4,840,580 $15,797,588 $20,638,168 5.44% 0.52% 379,074,775 18-19 $39,214,896 $621,256 $16,751,415 $5,765,591 $16,076,634 $21,842,225 5.02% -0.43% 435,331,110 19-20 $29,018,719 $589,122 $11,747,589 $5,877,706 $10,804,302 $16,682,008 3.84% -1.18% 434,787,105 20-21 $42,260,186 $865,221 $12,717,762 $4,917,554 $23,759,649 $28,677,203 6.37% 2.53% 450,473,141 21-22 $50,388,336 $691,636 $6,950,507 $6,482,925 $36,263,268 $42,746,193 9.39% 3.02% 455,396,441 22-23 Estimate $69,638,290 $691,636 $8,255,155 $9,877,605 $50,813,895 $60,691,500 11.71% 2.32% 518,305,804 23-24 Estimate $42,676,060 $691,636 $5,750,000 $6,427,078 $29,807,346 $36,234,424 6.95% -4.76% 521,550,064 15

General Fund - Fund Balance Requirements District Policy 6233 – District Budget General Fund Ending Fund Balance • The Constitution of the State of Florida requires that the District operate under a balanced budget. The Board understands that there may be unforeseen circumstances that can result in increases or decreases in revenue and/or expenditures. These circumstances would thereby impact the financial stability of the District. • An adequate fund balance reserve is necessary to cover unforeseen events (e.g., revenue shortfalls, student enrollment under projections, etc.). The Board shall maintain a general fund reserve of ending fund balance not classified as restricted, committed, or non-spendable of up to five percent (5%) of recurring general fund revenues, but no less than three percent (3%). The additional two percent (2%) will be assigned by the Board as a contingency fund to be used only for fiscal shortfalls. 13 16

Questions? 14 17

AGENDA ITEM NO. III.2 School Board of Manatee County June 29, 2023 - Workshop Title Update on Impact Fee Study Executive Summary Mr. Joseph Ranaldi, COO, and Mr. Michael Pendley, Executive Planner, will provide an update on the Impact Fee Study. Contact Submitting Department: Construction Services Initiated By: William Horton Attachments: Manatee County School Board Work Session 06.29.23 18

Manatee County School District Impact Fee Study Update June 29, 2023 19

40-year consulting practice serving local governments nationwide ■ Impact fees/infrastructure financing strategies ■ Fiscal/economic impact analyses ■ Capital improvement planning ■ Infrastructure finance/revenue enhancement ■ Real estate and market feasibility 2 Clay County Schools DeSoto County Schools Flagler County Schools Lee County Schools Osceola County Schools Pasco County Schools Sarasota County Schools St. Lucie County Schools Manatee County Schools TischlerBise Experience 20

3 Impact Fee Requirements ■ Must meet growth-related infrastructure needs » Provide infrastructure as growth occurs » System-level improvements, not project-level improvements ■ Represent new development’s proportionate share of capital cost for system improvements » Demographic analysis and development projections » Infrastructure needs and cost analysis ■ Fee payers must receive a benefit » Additional capacity must be provided in a timely manner » Accounting and expenditure controls 21

4 Manatee Co. Schools Fee Methodology TischlerBise | www.tischlerbise.com ■ Incremental Expansion Approach » Formula-based approach based on existing levels of service » Fee is based on the current cost to replicate existing levels of service (i.e., replacement cost) 22

5 ■ Impact fee increase limits » An increase of not more than 25% must be implemented in two equal annual increments » An increase between 25% and 50% must be implemented in four equal increments » An impact fee increase may not exceed 50% of the current rate ■ Fee increase can exceed the phase-in limitations if » Conduct an analysis demonstrating “extraordinary circumstances” » Two publicly noticed workshops » Increase must be approved by at least two-thirds vote of the governing body ■ Fee may not increase more than once every 4 years Recent Legislative Changes 23

6 Student Generation Rates – Unit Size Elementary School Middle School High School TischlerBise used regression analysis to adjust student generation rates (actual averages per housing unit) to match Manatee County’s proposed impact fee size thresholds. Total 24

7 Capital Cost per Student 25

8 Proposed Fees The maximum supportable fee may not exceed the current fee by more than 50 percent (statutory limit). The proposed fee represents the maximum fee Manatee County can adopt without proving extraordinary circumstances. An increase between 25 percent and 50 percent must be implemented in four equal increments An increase up to 25 percent must be implemented in two equal increments 26

9 Proposed Fees Phasing 27

10 Single Family Fee Comparison 28

11 Questions/Comments 29

AGENDA ITEM NO. III.3 School Board of Manatee County June 29, 2023 - Workshop Title Discussion of Citizens' Financial Oversight Committee (CFOC) Executive Summary The Board will hold discussion regarding the Citizens’ Financial Oversight Committee (CFOC). The CFOC Chair will give an overview of the annual report and take part in discussion. Contact Submitting Department: School Board Attachments: CFOC Charter Proposed Revision - Redlined 2022 Annual Report Citizens' Financial Oversight Report FY2022 CFOC Charter - Clean 1-2023. 30

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March 20, 2023 Manatee County School Board 215 Manatee Avenue West Bradenton, FL 34205 Dear Members of the School Board, The Citizens’ Financial Oversight Committee (“CFOC”) has completed its review of the revenue, expenses and operating reserves of the one mill increase in the school ad valorem millage pursuant to “Resolution 2017-11” (the “Resolution”) for the fiscal year ending June 30, 2022. Our review included accessing audited financial records of the Manatee County School District (the “District”), compiling and summarizing detailed records into the data included in this report. We performed certain analytical procedures to verify our conclusions. Also, we relied upon representations of the District, and the internal audit procedures of restricted funds of the District in reaching our conclusions. Except as otherwise set forth herein, it is our finding that tracking and accounting of Resolution Revenue and Resolution Expenditures were in material compliance with the operating budget established by the District and approved by the Board for the twelve months ending June 30, 2022. In addition to the CFOCs review of financial records of the District, the CFOC has reviewed certain data to identify relevant outcomes related to the use of the Resolution Revenue (as hereinafter defined) consistent with the stated goals of the Resolution. As illustrated within this report, the district has shown improvement in metrics related to goals set forth in the initiative. This improvement can be attributed to many factors including implementation of the referendum. That said, certain data and analysis being measured at this time are presented in this report. It is the CFOC’s opinion that all conclusions in this report are based on materially correct data. Susan Harrigan Chair, Citizens’ Financial Oversight Committee 34

pg. 2 Creation of the Citizens’ Financial Oversight Committee The Citizens’ Financial Oversight Committee (“CFOC”) was created through the Manatee County School District School Board’s approval and adoption of Resolution 2017-11 on November 14, 2017, and the subsequent vote in favor of the one mill increase in the operating ad valorem millage by the constituents of Manatee County in the Special Election held on March 20, 2018. More specifically: (a) the ballot summary question language approved in Resolution 2017-11 stated the funds generated by the one mill increase to the operating ad valorem millage would be “..... overseen by an independent citizens’ committee”; and (b) paragraph 4 of Resolution 2017-11 provided as follows: “Provided the millage increase for Manatee County Schools is approved, a financial oversight committee appointed by the School Board shall issue an annual report to insure proper fiscal stewardship of the funds. In addition, the committee shall identify relevant outcomes and report results to the community. The School Board appointed the initial members of the committee in 2018 who serve subject to the committee charter approved by the CFOC and the School Board. Over the past two years, the Board has appointed subsequent members as terms have expired. As of June 30th , 2022, four members’ terms are expiring. Mission of the CFOC The Mission of the CFOC is to: (i) provide oversight to ensure proper fiscal stewardship of operating funds provided by the one mill increase in the operating ad valorem millage; (ii) identify and measure relevant outcomes from the deployment of the funds from the one mill increase; and (iii) report results to the School Board and the community. Operation and Organization of the CFOC The committee meets as a single body to review information provided by the District pertinent to its mission. Financial Review and Analysis We have completed our review of the Resolution Revenue, Expenditures and operating reserves of the Resolution Revenue. Our review included accessing audited financial records of the District, compiling and summarizing detailed records into the data included in this report. We performed certain analytical procedures to verify our conclusions. Also, we relied upon representations the District, and the internal audit procedures of restricted funds of the District in reaching our conclusions. Defining Terms • Resolution Revenue: Revenue generated from the one mill increase in the school ad valorem millage pursuant to Resolution 2017-11. • Core Revenue: All other general fund revenue • Resolution Expenditures: Expenditures restricted from the Revenue source of the one mill increase in the school ad valorem pursuant to Resolution 2017-11 • Core Expenditures: All other general fund expenditures 35

pg. 3 Conclusions Our review concludes that the financial records of the District represent, in all material respects, proper recording and tracking of the Resolution Revenue, Resolution Expenditures and operating reserves related to the Resolution Revenue as presented in the following schedules (appendices to this report): • Resolution Budget vs. Actual Expenditures/Fund Balance by Project for the Year Ended June 30th, 2022 (Schedule A) • Recap of Comparative Income and Expense Data and Analysis of Increase/Decrease for the Initial Year of Resolution Amounts (Schedule B) 36

pg. 4 Analysis Schedule A presents a comparison of budgeted Resolution Expenditures to actual Resolution Expenditures for the fiscal year ending June 30, 2022. Resolution Revenue budgeted but not spent in a given Project accounting category in the fiscal year ended June 30, 2022 was carried forward to the 2021-2022 budget as adjustments restricted to the Project accounting category the funds were originally budgeted for. Similarly, Resolution Expenditures more than the budgeted amounts were carried forward to the following fiscal year as adjustments in the 2021-2022 budget. Schedule B presents comparative revenue and expense information and corresponding year over year change analysis. Total expenditures from the General Fund for the District increased by 4.66% with Core Expenditures contributing 2.74% of the increase and Resolution Expenditures contributing 29.66%. Total revenue for the District also increased 0.54% with Core Revenue and Resolution Revenue contributing -0.20% and 8.71% respectively. Discussion and Recommendations Consistent with the CFOC’s prior recommendation regarding maintaining increases in Core Expenditures consistent with economic conditions, the CFOC again recommends the School District consider Core Expenditure increases after accounting for inflation. Should there be a correlation between spending in certain areas and the success of the District, in the case of Instruction, there was likely no Core Expenditure increases net of inflation. CPI-U has increased by 10.2% between March 2021 and March 2022, per the Bureau of Labor Statistics. Incremental increases in Resolution Revenue through an increase in tax assessed values alone will not be sufficient to fund the necessary increases in certain Core Expenditure areas. The following is a breakdown of wage increases over the past 4 years with Core increases and increases that the Referendum brought to wages. 37

pg. 5 Explanation of Teacher Pay by Source Four Year Increase Core Pay Steps 2017-'18 2018-'19 2019-'20 2020-'21 2021-'22 Minimum entry level 1C $38,892 $39,096 $39,197 $44,941 $47,500 22.13% Maximum entry level 8A $44,634 $44,839 $44,941 $44,941 $47,500 6.42% Maximum 37C $65,187 $71,739 $71,840 $71,840 $74,547 14.36% Annual Increase due to Referendum Referendum Supplement Steps 2017-'18 2018-'19 2019-'20 2020-'21 2021-'22 Minimum entry level 1C N/A $4,008 $4,728 $5,201 $5,410 $5,201 Maximum entry level 8A N/A $4,008 $4,728 $5,201 $5,410 $5,201 Maximum 37C N/A $4,008 $4,728 $5,201 $5,410 $5,201 Increase due to Referendum Additional Steps 2017-'18 2018-'19 2019-'20 2020-'21 2021-'22 ¼ Hour Minimum entry level 1C N/A $1,303 $1,307 $1,498 $1,582 $1,582 Maximum entry level 8A N/A $1,495 $1,498 $1,498 $1,582 $1,582 Maximum 37C N/A $2,391 $2,395 $2,395 $2,482 $2,482 Four Year Increase Total Steps 2017-'18 2018-'19 2019-'20 2020-'21 2021-'22 Minimum entry level 1C $38,892 $44,407 $45,232 $51,640 $54,492 32.78% Maximum entry level 8A $44,634 $50,342 $51,167 $51,640 $54,492 15.70% Maximum 37C $65,187 $78,138 $78,963 $79,436 $82,439 21.86% Four Year IncreaseAdditional Supplements Steps 2017-'18 2018-'19 2019-'20 2020-'21 2021-'22 Master’s Degree 1C $907 $937 $937 $937 $1,200 32.30% Specialist 8A $3,325 $3,436 $3,436 $3,436 $3,436 3.34% Doctorate 37C $5,743 $5,934 $5,934 $5,934 $5,934 3.33% Maximum “Step” in 2017-18 was 30C @ $65,187 House Bill 641 established minimum entry level pay to be Step 8A in 2020-'21 Maximum Step for 2021-'22 was 37D @ $74,547 38

pg. 6 Relevant Outcomes and Results Pursuant to the Resolution, the CFOC has identified relevant outcomes related to the use of the Resolution Revenue, consistent with the stated goals of the Resolution. In order to measure these outcomes, the CFOC has relied upon representations of the District. As illustrated within this report, the district has shown improvement in metrics related to goals set forth in the initiative. This improvement can be attributed to many factors including implementation of the referendum. Student achievement has continued to rise until the time of COVID where the District data did not improve at the same rate as previously (when using school grade as a proxy for student achievement). The recruitment and retention of teachers and staff with competitive salaries has been measured differently in for the 2022 fiscal year than in previous years. Data in the previous years was collected at three points during the year. For this report, that data is collected at only one time of the year, eliminating inaccuracies due to staff transfers and other factors. Some data was collected for the 2019-2020 school year, but no school grades were assigned due to the COVID-19 pandemic. 2020-2021 school grades were only available if a District opted in. No conclusion can be drawn about the impact of Resolution Revenue on retention. Information related to the expansion of Career and Technical Education and STEM programs supported by the Resolution Revenue is being measured, including the number of programs added as well as student participation in these programs. “To increase student achievement…” We have examined the grades of each school in the District from 2015 to 2022. Though the District grade itself has remained consistent as a “B” for the last three years, 2016-’17 thru 2019-20 (not illustrated in this report), individual school performance has improved. By the end of the 2018-2019 school year, all but two schools were a grade C or above. This information was provided by the Florida Department of Education website. We are assuming that school grades can be used as a proxy for student performance. Again, school grades for the 2020-2021 school year are unavailable. 39

pg. 7 Number of Schools by Letter Grade School Grade 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021* 2021-2022 A 5 14 15 21 N/A 7 19 B 16 13 18 19 N/A 3 13 C 27 20 19 18 N/A 4 27 D 7 11 6 2 N/A 2 F 2 0 0 0 N/A 1 Total 57 58 58 60 N/A 14 62 *School & District Grades were opt-in only in 2021 However, District rating improved from 641 for FYE June 2018 to 668 for FYE June 2019 (9 points below an “A” Rating, lifting state ranking from 33rd to 28th. The District projected their annual score to be 702 for FYE June 2020, but the State DOE did not release District Scores for 2020-21. Individual school grades and information about school grading can be found at the following websites: Department of Education (DOE) https://www.fldoe.org/ 2021-22 Guide to Calculating School Grades and District Grades https://www.fldoe.org/core/fileparse.php/18534/urlt/SchoolGradesCalcGuide22.pdf Academic Dashboard https://www.manateeschools.net/academicdb 0% 10% 20% 30% 40% 50% 60% Percentage of Schools by Letter Grade A B C D F 40