Finance Chapter

REVENUES, EXPENDITURES, AND FUND BALANCES, ALL FUNDS
(In Millions of Dollars)

1993-94
Actual

1994-95
Actual

1995-96
Actual

1996-97
Actual

1997-98
Actual

1997-98
Percent

Revenues

Federal & Federal through State
State
Local and Non-Revenue Sources

$ 169.9
1,148.2
947.0

$ 187.2
1,159.1
1,019.1

$ 176.7
1,183.2
1,575.9

$ 181.8
1,225.1
1,267.3

$ 207.1
1,352.6
1,020.3

8.0%
52.4
39.6

Total Revenue

$2,265.1

2,365.4

2,935.8

2,674.2

2,580.0

100%

Beginning Fund Balances

412.5

526.3

444.3

638.5

678.2

Total Revenues and Balances

$2,677.6

$2,891.7

3,380.1

3,312.7

3,258.2

Expenditures

General Fund
Instructional Services
Instructional Support
Board of Education
General Administration
School Administration
Facilities Acquisition & Construction
Fiscal Services
Central Services
Transportation Services
Operation of Plant
Maintenance of Plant
Community Services
Debt Services

$1,036.2
135.7

10.0
112.1
1.5
9.9
49.2
57.5
127.8
79.6
16.2

$1,108.4
144.8
2.7
6.8
122.3
7.7
9.1
58.2
68.8
140.2
88.4
19.0
1.4

$1,165.7
150.2
2.9
7.2
129.7
1.0
9.3
55.0
68.9
150.2
92.0
20.5
1.6

$1,195.0
158.8
3.5
7.1
131.5
1.7
10.0
60.5
71.1
158.4
90.8
22.1
1.3

$1,232.6
174.6
3.9
7.0
126.9
1.9
11.7
59.5
65.9
162.2
86.8
23.7
1.3

63.0%
8.9
0.2
0.4
6.5
0.1
0.6
3.0
3.3
8.3
4.4
1.2
0.1

SubTotal

1,635.7

1,777.8

1,854.2

1,911.8

1,958.0

100.0%

Hurricane Facilities Acquisition

& Construction Fund

Balance/Reserves

34.2
225.9

6.1
175.0

1.0
115.3

0.2
91.2

0.0
117.1*

1,895.8

1,958.9

1,970.5

2,003.2

2,075.1

Special Revenue Funds

Instruction & Support
Food Services
Fund Balance/Reserves

94.5
84.5
9.9

111.9
91.7
10.8

98.0
97.2
9.8

101.5
106.1
6.2

119.6
108.4
5.0*

188.9

214.4

205.0

213.8

233.0

Debt Service Fund

Redemption of Principal
Interest, Dues, and Fees
Fund Balance/Reserves

22.6
23.5
32.4

29.7
43.0
40.0

219.3
51.5
54.4

42.4
68.9
55.8

55.2
80.6
59.7

78.5

112.7

325.2

167.1

195.5

Capital Projects Funds

Land, Buildings, & Equipment
Remodeling
Fund Balance/Reserves

137.2
71.4
228.0

275.3
60.3
185.2

301.9
63.0
421.1

285.0
61.8
482.5*

184.1
52.3
409.6*

436.6

520.8

786.0

829.3

646.0

Trust Funds

Student Activities
Early Retirement
Special Events
Financial Aid Fees
Fund Balance/Reserves

45.6
1.6
0.3
0.3
30.0

48.9
1.8
0.3
0.5
33.4

52.8
2.1
0.3
0.2
38.0

53.8
2.3
0.3
0.2
42.7

58.7
2.5
0.3
0.1
47.0*

77.8

84.9

93.4

99.3

108.6

Total

$2,677.6

$2,891.7

$3,380.1

$3,312.7

$3,258.2

* Includes outstanding encumbrances totaling $201.7 million. These encumbrances are rebudgeted for the 1998-99 fiscal year.

Source: Annual Financial Reports, Office of Accounting.

TAXABLE PROPERTY, MILLAGE, AND REVENUE
1989-90 TO 1998-99

OPERATING MILLAGE:
YEAR	ASSESSED VALUE TAXABLE PROPERTY		OPERATING MILLAGE	REVENUE
	Total	Per Pupil
1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99	$ 59,247,885,581 63,813,223,792 66,806,766,792 65,900,006,239 64,043,546,540 71,189,244,525 74,623,600,854 77,605,000,000 82,319,881,712 86,909 ,908,907	$ 210,544 218,231 219,552 218,094 205,071 221,115 223,796 227,645 238,014 246,487	6.390 6.866 6.883 7.223 7.283 7.503 7.373 7.356 7.360 7.182	$ 359,664,109 416,234,516 436,839,428 452,195,958 443,107,692 507,426,257 522,689,819 542,319,261 575,580,613 592,977,617

CAPITAL IMPROVEMENT AND DEBT SERVICE MILLAGE:
	CAPITAL IMPROVEMENT		DEBT SERVICE
YEAR	MILLAGE	REVENUE	MILLAGE	REVENUE
1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99	1.800 1.800 1.800 1.800 2.000 2.000 2.000 2.000 1.996 2.000	$ 100,885,052 108,642,750 114,239,571 112,689,011 123,901,344 135,259,565 141,784,842 147,449,500 156,094,960 165,128,827	0.359 0.335 0.421 0.505 0.640 0.842 1.016 1.010 1.106 0.978	$ 20,140,966 20,204,433 27,064,694 31,615,328 39,648,430 56,944,276 72,026,700 74,461,998 86,493,500 80,747,996

Source: Annual Budgets, Office of Budget Management.

ANALYSIS OF GENERAL FUND APPROPRIATIONS
1998-99

			APPROPRIATIONS		PERCENT
			TOTAL ($ Millions)	Per Pupil (FTE)	PERCENT
School Level Services
	Teaching		$ 1,374.06	$ 3,407	64.4%
	Student Services (Includes counselors, psychologists, visiting		157.22	390	7.4
		teachers, & instructional media)
	Transportation		59.04	146	2.8
		Subtotal-Direct Services to Students	$ 1,590.32	$ 3,943	74.6
	Custodial and Maintenance Services (Includes utilities & security)		277.47	688	13.0
	School Administration		120.77	299	5.7
	Community Services		22.84	57	1.1
	School Construction & Renovation		0.57	1	0.0
		Total School Level Services	$ 2,011.97	$ 4,988	94.4
Instructional Support Services
	Instruction and Curriculum Development		18.61	46	0.8
	Instructional Staff Training		7.99	20	0.4
		Total Instructional Support Services	$ 26.60	$ 66	1.2
Business Services
	Fiscal Services (Includes accounting, budget, payroll, accounts		13.43	32	0.6
		payable, and cash management)
	Central Services (Includes purchasing, personnel, data		69.79	173	3.3
		processing, and warehousing services)
		Total Business Services	$ 83.22	$ 205	3.9
Central Administration
	Board of Education and Board Attorney		4.22	10	0.2
	General Administration		6.68	17	0.3
		Total Central Administration	$ 10.90	$ 27	0.5
Total Operating Appropriations			$ 2,132.69	$ 5,286	100.0%

Source: 1997-98 Adopted Budget, Office of Budget Management

FULL-TIME EQUIVALENT STUDENTS BY PROGRAM
UNWEIGHTED (FTEuw) AND WEIGHTED (FTEw)*
1998-99

PROGRAM
Amended
July Actual
October Actual
February Estimated
June FTEuw
Total 1998-99
Weights FTEw
TOTAL

Exceptional Student Education Level 1

1,688.54

17,958.27

18,721.67

38,368.48

1.341

51,452.13

Exceptional Student Education Level 2

1,105.41

6,403.43

6,504.18

14,013.02

2.072

29,034.98

Exceptional Student Education Level 3

678.37

2,792.58

2,767.43

6,238.38

3.287

20,505.56

Exceptional Student Education Level 4

367.51

1,332.73

1,264.25

2,964.49

4.101

12,157.37

Exceptional Student Education Level 5

100.19

321.54

298.62

720.35

6.860

4,941.60

Exceptional Educational Programs

3,940.02

28,808.55

29,556.15

62,304.72

118,091.64

Vocational 6-12

1,156.64

6,796.55

6,760.61

14,713.80

1.240

18,245.11

Job Preparatory (6-12)

1,156.64

6,796.55

6,760.61

14,713.80

18,245.11

Dropout Prevention/Teenage Parent

1,420.69

7,669.62

7,699.91

16,790.22

1.398

23,489.52

Educational Alternative 9-12

519.20

3,193.70

3,020.97

6,733.87

1.138

7,663.14

English for Speakers of Other Languages

3,305.55

12,265.53

12,635.83

28,206.91

1.201

33,876.50

At-Risk Programs

5,245.44

23,128.85

23,356.71

51,731.00

65,029.16

K-3 Basic

41,860.03

41,685.58

83,545.61

1.057

88,307.71

4-8 Basic

42,119.96

41,935.20

84,055.16

1.000

84,055.16

9-12 Basic

6,426.72

29,801.56

29,051.26

65,279.54

1.138

74,288.12

Basic Programs

6,426.72

113,781.55

112,672.04

232,880.31

246,650.99

Total K-12 Program

16,768.82

172,515.50

172,345.51

361,629.83

448,016.90

Adult Vocational

773.67

1,819.67

1,701.72

1,057.47

5,352.53

1.372

7,343.67

Adult General

2,706.58

7,622.21

7,128.14

4,429.52

21,886.45

0.725

15,867.69

Total Adult

3,480.25

9,441.88

8,829.86

5,486.99

27,238.98

23,211.36

TOTAL FTE

20,249.07

181,957.38

181,175.37

5,486.99

388,868.81

471,228.26

* FTEuw denotes Full-Time Equivalent Students without regard to the program weights. In general, one Full-Time Equivalent Student is computed by 25 pupil/teacher contact hours per week, whether full-time or aggregate part-time. FTEw is arrived at by multiplying FTEuw by program weights assigned by the state funding formula (higher cost programs are assigned a greater weight).

Source: Office of Budget Management.

PROGRAM COST PER FULL-TIME EQUIVALENT STUDENT
1997-98

	FTEuw	General Fund		Special Revenue Fund		Cost per FTEuw*
	FTEuw	Expenditures**	Cost Per FTEuw	Expenditures***	Total Expenditures	General & Special Revenue Funds
Pre-K	7,568.00	$19,858,700.52	$2,624.04		$19,858,701	$2,624.04
K-3, Including Summer	88,446.89	402,799,426.83	4,554.14	$35,468,262	438,267,688.83	4,955.15
4-8, Including Summer	90,514.98	360,145,986.14	3,978.86	27,405,962	387,551,948.14	4,281.63
9-12, Including Summer	62,297.59	260,175,856.05	4,176.34	3,530,008	263,705,864.05	4,233.00
Sub-Total, Basic Education	248,827.46	1,042,979,969.53	4,191.58	66,404,232	1,109,384,201.53	4,458.45
Dropout Prevention	21,047.88	113,242,082.11	5,380.21	5,136,127	118,378,209.11	5,624.23
ESOL	29,399.50	148,714,603.68	5,058.41	11,287,243	160,001,846.68	5,442.33
Sub-Total, At-Risk Programs	50,447.38	261,956,685.79	5,192.67	16,423,370	278,380,055.79	5,518.23
All Basic/At-Risk Programs	299,274.84	1,304,936,655.32	4,360.33	82,827,602	1,387,764,257.32	4,637.09
Exceptional Student Programs	57,645.13	439,546,157.69	7,625.04	16,039,548	455,585,705.69	7,903.28
Vocation Education, 6-12	14,457.82	63,412,299.50	4,386.02	3,212,130	66,624,429.50	4,608.19
Total PK-12 Programs	371,377.79	1,807,895,112.51	4,868.08	102,079,280	1,909,974,392.51	5,142.94
Adult Job Preparatory	7,354.84	44,953,171.00	6,112.05	5,618,205	50,571,376.00	6,875.93
Adult Supplemental/General	24,647.18	80,768,665.00	3,276.99	3,753,830	84,522,495.00	3,429.30
Total Adult Programs	32,002.02	125,721,836.00	3,928.56	9,372,035	135,093,871.00	4,221.42
Total, All Programs	403,379.81	$371,377.79	$ 4,793.54	$ 111,451,315	$ 2,045,068,263.51	$5,069.83

*

FTEuw denotes Full-Time Equivalent Student without regard to the program weights. In general, one Full-Time Equivalent Student is computed by 25 pupil/teacher contact hours per week, whether full-time or aggregate part-time.

**

Includes student transportation costs ($65,936,657), which have been prorated across all PK-12 programs based on FTEuw in each program. Excludes expenditures for community services, operating budget capital expenditures, and debt service.

***

Excludes expenditures for food services, capital expenditures, community services, indirect costs charged to federal projects, and debt service.

Source:

Computation by the Department of Management Analysis based on data in the Program Cost Report (Office of Accounting).

TRENDS IN EXPENDITURES PER STUDENT
1989-90 to 1996-97

TRENDS IN EXPENDITURES PER STUDENT*
(GENERAL FUND)
1989-90 to 1997-98

Current Dollars

CPI**

Constant 1989 Dollars

1989-90

1990-91

1991-92

1992-93

1993-94

1994-95

1995-96

1996-97

1997-98

$4,060

4,248

4,105

4,274

4,369

4,661

4,803

4,843

4,868

123.0

131.2

133.5

135.9

139.8

144.5

150.2

156.4

161.1

$4,060

3,982

3,782

3,868

3,844

3,967

3,933

3,809

3,717

* General fund expenditures in PK-12 programs per full-time equivalent student.
** Consumer Price Index for the Miami area (as of November of each year), prepared by the U.S. Bureau of Labor Statistics.

Source: Department of Management Analysis.

STUDENTS ELIGIBLE TO RECEIVE FREE/REDUCED PRICE LUNCH
1994-95 TO 1998-99

	1994-95	1995-96	1996-97	1997-98	1998-99
Elementary Grades*	69.2%	70.2%	70.1%	70.2%	69.8%
Middle Grades*	61.9	62.9	64.0	65.3	65.4
Senior High Grades*	23.2	28.9	30.6	32.3	33.0
Alternative/Specialized Centers	56.4	56.2	54.4	58.1	73.2
District Average	56.3	58.5	59.3	59.1	58.7

* Excludes Alternative/Specialized Centers.

Source: Student Data Base System, Office of Information Technology.

SCHOOL FOOD SERVICE OPERATING DATA
FIVE-YEAR TREND

	1993-94	1994-95	1995-96	1996-97	1997-98
Total Number of Meals Served	46,803,960	47,421,780	48,128,220	50,043,210	50,866,200
Free and Reduced Meals Served	37,643,225	38,813,141	39,816,321	41,470,814	42,134,499
Percent Free and Reduced Meals	80.4%	81.9%	82.7%	82.9%	82.8%
Total Cost	$84,476,236	$91,696,056	$97,225,580	$106,174,323	$108,370,575
Total Subsidy Received	$68,387,667	$71,510,304	$75,220,032	$78,163,667	$80,826,987
Subsidy as Percent of Total Cost	81.0%	78.0%	77.4%	73.6%	74.6%

Source: Comprehensive Annual Financial Report,Office of Accounting.

PROGRAM	Amended July	Actual October	Actual February	Estimated June	FTEuw Total	1998-99 Weights	FTEw TOTAL
Exceptional Student Education Level 1	1,688.54	17,958.27	18,721.67		38,368.48	1.341	51,452.13
Exceptional Student Education Level 2	1,105.41	6,403.43	6,504.18		14,013.02	2.072	29,034.98
Exceptional Student Education Level 3	678.37	2,792.58	2,767.43		6,238.38	3.287	20,505.56
Exceptional Student Education Level 4	367.51	1,332.73	1,264.25		2,964.49	4.101	12,157.37
Exceptional Student Education Level 5	100.19	321.54	298.62		720.35	6.860	4,941.60
Exceptional Educational Programs	3,940.02	28,808.55	29,556.15		62,304.72		118,091.64
Vocational 6-12	1,156.64	6,796.55	6,760.61		14,713.80	1.240	18,245.11
Job Preparatory (6-12)	1,156.64	6,796.55	6,760.61		14,713.80		18,245.11
Dropout Prevention/Teenage Parent	1,420.69	7,669.62	7,699.91		16,790.22	1.398	23,489.52
Educational Alternative 9-12	519.20	3,193.70	3,020.97		6,733.87	1.138	7,663.14
English for Speakers of Other Languages	3,305.55	12,265.53	12,635.83		28,206.91	1.201	33,876.50
At-Risk Programs	5,245.44	23,128.85	23,356.71		51,731.00		65,029.16
K-3 Basic		41,860.03	41,685.58		83,545.61	1.057	88,307.71
4-8 Basic		42,119.96	41,935.20		84,055.16	1.000	84,055.16
9-12 Basic	6,426.72	29,801.56	29,051.26		65,279.54	1.138	74,288.12
Basic Programs	6,426.72	113,781.55	112,672.04		232,880.31		246,650.99
Total K-12 Program	16,768.82	172,515.50	172,345.51		361,629.83		448,016.90
Adult Vocational	773.67	1,819.67	1,701.72	1,057.47	5,352.53	1.372	7,343.67
Adult General	2,706.58	7,622.21	7,128.14	4,429.52	21,886.45	0.725	15,867.69
Total Adult	3,480.25	9,441.88	8,829.86	5,486.99	27,238.98		23,211.36
TOTAL FTE	20,249.07	181,957.38	181,175.37	5,486.99	388,868.81		471,228.26

*	FTEuw denotes Full-Time Equivalent Student without regard to the program weights. In general, one Full-Time Equivalent Student is computed by 25 pupil/teacher contact hours per week, whether full-time or aggregate part-time.
**	Includes student transportation costs ($65,936,657), which have been prorated across all PK-12 programs based on FTEuw in each program. Excludes expenditures for community services, operating budget capital expenditures, and debt service.
***	Excludes expenditures for food services, capital expenditures, community services, indirect costs charged to federal projects, and debt service.
Source:	Computation by the Department of Management Analysis based on data in the Program Cost Report (Office of Accounting).