1. School District of Osceola County Overview of Budget & Millages August 6, 2009

2. 2 Osceola County School Board Members

3. 3 2008 – 2009 OSCEOLA COUNTY SCHOOL GRADES DISTRIBUTION

4. 4

5. 5 Budget Reductions January 2009 to Present Million Total38.5 Salaries17.0 Schools %5.5% Departments %8.7% Insurance Premium Increases3.5 Shift Costs to Capital Project Funds4.7 Energy Savings Program No Raises

6. Millions Stimulus Funding18 Stabilization Grants12 Total30 Applied to Salaries22 6 American Recovery & Reinvestment Act

7. 7 General Fund Budget Projection Without.25 Mills Millages Recurring Revenues351.9 Recurring Appropriations357.3 Shortfall(5.4)

8. 8 Value of.25 Mills Local Tax School Tax Roll22,933,780,727 Value of.25 Mills5,446,773 State Compression Adjustment Unweighted Students50,656.72 Osceola value of.25 mills per student107.52 Statewide average per student.25 mills149.35 Compression per student41.83 Compression Adjustment2,118,971 Total.25 mills plus compression 7,565,744

9. 9 Millage General Operating Required Local Effort 5.165 Basic Discretionary Operating 0.748 Discretionary Critical Needs 0.250 Basic Discretionary Capital Outlay 1.500 Debt Service 0.000 Total Millage 7.663 Proposed Millage Rates FY 2009-2010

10. 10 Tax Millage & Levy History 2000-20019.231 2001-20028.871 2002-20038.812 2003-20048.798 2004-20058.514 2005-20068.367 2006-20077.782 2007-20087.772 2008-20097.513 2009-20107.663

11. 11 Rolled-Back Proposed Rate Millage % Change Required Local Effort 6.168 5.165 -16.26% Total Millage 9.160 7.663 -16.34% Rolled Back Rates Comparison

12. 12 Tax Levy Comparison 2008-20092009-2010 Tax Roll27,185,791,32522,933,780,727 Total Millage7.5137.663 Total Levy204,246,850175,741,562 Change in Tax Levy(838,850)(28,505,288)