001[Music] I now call to order the Tuesday, September 9th, 2025, 5:15 p.m. time certain public hearing to adopt the final mill rate and budget. Uh, please rise for the pledge of allegiance. I pledge allegiance to the flag of the United States of America and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all. >> Please be seated. >> Okay, we will move on to roll call. >> Lauren RmIrez, present. Jan Ready, present. Derek Bars present. >> Christy Ch >> will furry present. >> Shakamore. >> Okay, so we're going to move with our first uh agenda item 2.01 summary of 2024 final millage rate. Um welcome Miss Mormarmac. Um at this time we will have a presentation on the final budget and millillage presented by Miss Patty Warmarmac.
002>> Good evening chairman furry board members and superintendent Moore. At this time, I will do a presentation on the 2526 final mill and budget for um just for transparency for the public. This is the third time that we are having this meeting in the past two months. Um so I'm going to just briefly do an overview um as all of this information is available in more detail in the two meetings we had in July. The most the most recent one being uh July 29th at 5:15 p.m. for the tenants of milit budget. So at 2.01 this presentation again a mirror presentation of what we did in July twice. I'll briefly go through the general fund as you know is our main operating fund. At the top um items to note is the state sources. We
003have broken out the family empowerment scholarships versus the FFP. So it's very transparent what portion of our state revenues are um funded by the FFP versus the scholarships. As you can see, our uh fund balance projected at the end of 2526 is about 7.6 million. Our ending fund balance projected at the end of the most recent fiscal year 2425 was projected at 9 million. Um just a reminder, the budget is a very fluid document. As we finalize the annual financial report, we will bring you the final numbers which will exceed that $9 million and that will be presented in a couple weeks to you. >> On the next page, this is just a summary of the family empowerment scholarship and the impact on our school district. As you recall, in 2020, legislation changed the rules
004of scholarships and you can see the drastically increasing impact on Flaggler school district. This is just not a Flagler district impact. This is a statewide impact of these scholarship funds. For 2526, the projected amount, which is given to us by DOE, is 1,926 students and $17 million of scholarships. The next page is the special revenue fund. These are our grant funds. The first column is the food service fund. As you can see, uh we are predicting that they have a uh um level balanced budget. They will start the year where they ended up with their fund balance, which is zero. The federal fund in the second column, this is all of our federal grants. We no longer have any of the esser or arc grants. Those have all um uh finalized last September. So, this
005is strictly the main ones that make up this. The vast majority is the ITA and the um um title one title one title one grant. >> The next page is our debt service fund. >> First column is our revenue bond fund. We have consistent payments out of that. Uh that was from our 1998 revenue bonds. The second uh column is our cops. This is our biggest debt. This is from it originated back in 2005 when we built Rentfire M Tanes. It was refunded in 201 uh4 and now refunded again in 2024. So uh this is our annual debt service payment principal and interest. A portion of this debt service payment does come from the impact fees which you'll see in a separate slide as the impact fees are allowed to be used for debt service
006if it is to expand student stations. And the third column is our equipment lease. This was uh taken out two years ago to fund uh 14 buses so we can keep on track with our inventory of buses and don't get behind the prices of buses have drastically increased and it is very difficult to maintain purchasing 10 buses like we had a goal of years ago. The next page is our capital project fund. The first column is PICO. Um as you are aware all of these funds we are just a pass through for the charter school. All of these funds go straight to the charter school. Years and years ago, legislation changed and school districts no longer get their own portion of PICO funds. The second column is CO and DS, capital outlay and debt service.
007This is uh has actually increased um probably about 2530,000 each year. We can spend these funds similar to our 1.5 mil on renovation projects which uh Mr. Bush um plans for every single year. Those funds are spent out in full. The third column is our 1.5 mil. As you know, this is generated by our local property taxes. Uh this is the only revenue that supports this fund. A portion of these revenues do uh have to be shared with our charter schools. That started three years ago through legislation. The first year was 20% of what they would get based on their prora portion and then 40% and this is the third year and we are up to 60%. So in three years um they will get their full 100% and it will be several million dollars.
008Um so all of this uh the expenses here you'll see on a separate slide. The majority is on the five-year capital plan that Mr. Bush has presented to you recently in a board meeting. The last column other capital projects fund. This is uh two funds. It is our impact fees and our halfsent sales tax. The revenue is split pretty much down the middle. Um half for halfcent sales tax and half for impact fees. The majority of the expenses um or all of the expenses for the facilities and acquisition is from half cent sales tax. The transfers out at $2 million is what I just mentioned. That's the debt service that the impact fees can pay for our cops debt. The next page is a summary of um our um five-year capital plan for the 2526
009fiscal year. These are all the major projects that were presented to you recently. This also includes purchases of our buses, vehicles, FFNE, which is furniture, fixtures, and equipment, our debt service payments, and all of the um transfers from capital to general fund that are allowed by Florida statutes. The next page is our self- insurance fund. This is for our health insurance fund. As we are self-insured, the local sources is wholly um premium revenue that we get from the health insurance premiums paid in by the board and the employees. And the expenses um the vast majority are the insurance claims along with other um self- insurance expenses. Um the clinic fees, the admin fees for um Florida Blue for Brown and Brown um for the your consulting. It's just a myriad of different expenses, but the
010vast majority is the insurance claims expense. The next page is our permanent fund. This is a scholarship fund that was created years and years ago um through an endowment. The only expense out of here per that endowment is a $500 scholarship to a student um and that is facilitated through the Ed Foundation. The next page is a pie chart of our general fund expenditures. This does not change very much at all. We always have 80% plus um of our general fund costs out of salaries and benefits. The second largest is purchase services at 11%. That includes all of our contracted services for OTP um mainly ESE personnel that we are not able to hire outright. So we have to contract out for it. Also includes our SRD contract. The next page is a summary of
011our enrollment. As you can see, um our enrollment has ticked up the past couple years. However, um the footnote, please note that this does include the family empowerment scholarships which are included with our FTE forecasting that we do every year. Once again, those numbers are given to us directly by DOE and these do not get adjusted until the third calc. And the last page is our millage rates over the past um several year or 20 30 years. Um the as you can see our we are once again at the 2526 fiscal year at the very bottom. We are at the lowest millage rate that we have ever had in over 20 years. And the importance to this is because um there is misconception that we are a property rich um county based on our property
012values being on the ocean. Uh what is important to know is that our property value revenue has an inverse relationship with the state revenues that we get from DOE. So as our property values go up, our state funding goes down. We used to be funded at more than 50% for the FFP and less than 50 for property taxes. It is now completely flipped. Um so it is not actually a benefit to us, which is what most people do believe. That being said, I will make the most important statement that the public should be aware of and we are the only taxing municipality that cannot set our own millillage. That is set uh by DOE and given to us. We have no control over that at the local level. Any questions on this presentation >> board?
013No. Uh I just wanted to highlight one thing. There was a significant milestone in your presentation when we refinanced our cops. Um and that most recent one, how much savings did that yield? >> $700,000. >> 700,000. So that was a real significant move. So thanks for your efforts. >> Thank you. >> Um All right. So does that conclude your presentation? >> Okay. So then we will move on uh to uh 3.01. Uh at this time we will recess to our public hearing. Now before we begin the public hearing, I'll need a motion to adopt the agenda on the public hearing approval. >> Motion to approve. >> Okay. I have a motion by Mr. Bars. >> Second by Miss Chong. >> All in favor? >> I passes unanimously. Um so at now we will go on
014to 3.02. At this time, I will read I will read the resolution 25/26-03 on the 25 to 26 final mill rate. Florida Department of Education resolution 25/26-03 determining revenues and millage le mill levy. a resolution of the district school board of Flagger County, Florida, determining the amount of revenues to be produced and the millillage to be levied for the general fund for the district's local capital improvement fund and the district debt service fund for this fiscal year beginning July 1st, 2025 and ending June 30th, 2026. Whereas section 1011.04 04 Florida statutes requires that upon receipt of the certific certificate of the property appraiser giving the assessed valuation of the county and of each of the special tax school districts. The school board shall determine by resolution the amount necessary to be raised for current operation
015uh current operating purposes and for debt service funds and the millillage to be levied for each such funds including the voted mill and whereas 1011.71 Florida statute provides for the amount necessary to be raised for local capital improvements outlay and the millillage to be levied and whereas the certificate of the property appraiser has been received. Therefore, be it resolved by the district school board that the amount necessary to be raised as shown by the official adopted budget and the millages necessary to be levied for each school fund of the district for the fiscal year as follows are as follows. District school tax non-voted levy. The certified taxable value is 20 billion44,982,530. Uh next is description of levies and the amounts to be raised. So we have required local effort of 59 million 673,112 at a
016millillage of 3.101 mills. uh period pri uh prior period funding adjustment millage is zero. Uh total mil total required millage is 59,673,112 with a millillage of 3.10 1 0 1 0 mills district school tax discretionary millillage nonvoted levy certified taxable value 20 bill44,982,530 description of levy descript uh discretionary operating and the amount to be raised is 28,864,775 with a millage levy of 1.5 mills. District school tax additional millage voted levy. Uh there is zero on all lines of this section of this document. Uh we move on to district local capital improvement tax nonvoted levy certified taxable value is 20 billion44,982,530. Description of levy is local capital improvements and the amount to be raised is 14,393,92 at a millillage levy of.7480 mills. Discretionary capital improvements are zero. District debt service tax voted levied. All the these
017lines in this area are zero. The total millage rate to be levied exceeds the roll back rate computed pursuant to S20651 Florida statute by 2.82%. [Music] State of Florida, County of Flaggler, uh, Lashaka Moore, Superintendent of Schools, and Exeicio, Secretary of the District School Board of Flaggler County, Florida, do hereby certify that the above is true and complete copy of a resolution passed and adopted by the District School Board of Flaggler County, Florida on September 9th, 2025, signed by Superintendent uh today's date. [Music] Now we will move on to 3.03. At this time I will read resolution 25/26-04 on the 2526 final budget resolution number 25- uh/26-04. a resolution of the Flaggler County School Board adopting the final budget for fiscal year 2025 to 2026. Whereas the school board of Flaggler County, Florida did, pursuant
018to chapter 200 and 1011 Florida statutes approve final millage rate and the tenative budget for the fiscal year July 1st, 2025 to June 30th, 2026. And whereas the Flaggler County School Board set forth the appropriations and revenue estimates for the budget for fiscal year 2025 and 26. And whereas as the public hearing and in full compliance with chapter 200 Florida statutes, the Flaggler County School Board adopted the final millage rate and the budget in the amount of 338 million224,969 for fiscal year 2025 to 2026. Now therefore be it resolved that the attached budget of Flaggler County School Board, including the millage rate as set forth therein, is hereby adopted by the school board of Flaggler County as a final budget for the categories indicated for the fiscal year July 1st, 2025 to June 30th, 2026.
019Now that the resolutions have been read, I will now open the floor to public comment. Do we have any public comment? There are no public comments. >> Okay. So, we will close public comment and we will move on to 5.0 uh1. At this time, we will close the public hearing and move on to the agenda item 6.01 to reconvene to public session. Okay. So, we are now in item 7.01. At this time, we will take action requesting board approval of resolution 25/26-03 to adopt the 202526 final millage rate that was read at agenda item 3.02. I will need a motion to adopt this resolution. >> Move approval. >> Okay. I have a motion by Miss Chong. Second >> second by Mr. Ramirez. Um all in favor >> I passes unanimously. Um this will now take
020us to 7.02. At this time we will take action requesting board approval of resolution 25/2604 to adopt the 25 to 26 final budget that was read at agenda item 3.03. I need a motion to adopt this resolution. >> Motion to approve. We have a motion by Mr. Bars. >> Second by Miss Chong. All in favor? >> I >> passes unanimously. >> Okay. Okay. So now that uh now moves us on to public comment. Uh do we have anyone signed up for public comment? >> There are no public comments. >> Okay. Okay. So, we'll close public comment. Um, do you have any do board members uh have any comments regarding today's hearing? Okay. Hearing none, we will move forward to closing comments. Does anybody have any closing comments they'd like to make um before we close
021this up? >> I just have one for the record. And when I signed in, I apologize. I was having difficulty, but for roll call, just make sure you put that I was in attendance to my Sona. Thank you for talking speaking that into the record and um so no closing comments. Uh Superintendent Moore, any closing comments? All right. >> 21st day of school. >> Okay. Uh this meeting is adjourned. Thank you.