Page 11 - BPS PFAR Report Fiscal Year 2021

How BPS Is Funded FY21 Revenue -
FY20 Revenue - All Governmental Funds
All Governmental Funds
Food Services
Grant Funds
Capital Funds
Debt Services and Internal Funds
General Fund
General Fund
FY19 FY20 FY21
Local
Property Taxes
$ 196,789,468
$ 2,858,818
$ 9,297,195
35.49% 0.52% 1.68%
$ 200,038,732
$ 1,852,722
$ 9,575,351
35.61% 0.33% 1.69%
$ 209,714,803
36.48%
Investments Other
$ 120,058 $ 11,171,486
0.02% 1.94%
State
FEFP
$ 245,026,986 $ 83,910,092 13,533,232
44.19% 15.13% 2.44%
$ 258,418,786 $ 86,062,876 $ 5,191,854
45.55% 15.17% 0.92%
$ 262,434,270
45.65%
Categoricals
$ 82,404,103
14.33%
Other (Includes
$ 4,250,031
0.74%
Federal
Direct Grants
$ 786,547 $ 2,278,768
0.14% 0.41%
$ 595,095 $ 3,576,681
0.10% 0.63%
$ 769,392 $ 4,068,023
0.13% 0.71%
TOTAL
$ 554,481,106
100.00%
$ 567,312,097
100.00%
$ 574,932,166
100.00%
TheGeneralFundsourcesmostofthedailyoperations. Itincludesrevenue
Local Investments
Capital Fund
FY19 FY20
FY21
frompropertytaxesandinvestments(longtermdebt). Botharediscussed inmoredetaillaterinthisreport. ItalsoincludesFloridaEducationFinance
State Other
Federal
SalesSurtax $ 47,429,873 35.49% $ 46,693,650 33.19% $ 51,591,468 34.26%
in 1973 to allocate funds appropriated by the Legislature to school districts State L
Investments $
3,062,580 2.29%
$ 2,838,085 2.02% $ 173,175 0.11% O
for K-12 public school operations. The FEFP implements the constitutional
Categoricals
ImpactFees $ 13,734,323 10.28% $ 16,004,661 11.38% $ 18,549,679 12.32%
requirement for a uniform system of free public education. Additionally, the
Local
Other $
189,337 0.14% $ 399,953 0.28%
$ 374,578 0.25%
General Fund includes categorical funds, which are earmarked by the state for
Property
State PECO $ 4,750,036 3.55% $ 3,580,967 2.55%
$ 4,080,505 2.71%
$ 5,013,790 3.33%
$ - 0.00%
specificuse. Examplesincludefundingfortextbooks,studenttransportation,
Other $ 2,993,795 2.24% $ 5,107,324 3.63%
and security. The FEFP is cited as a national model for funding equity.”
Federal N/A $ - 0.00% $ - 0.00%
In FY21, lotto proceeds were $0. This is because the state’s Discretionary
State FEFP
TOTAL $ 133,641,622 100.00% $ 140,690,426 100.00%
$ 150,587,689 100.00%
Lotto allocation was removed due to COVID-19 causing closures of schools andotherentitiesandorganizations. Becausethestatereliessoheavilyon touGrirsamnatnFdusnadles tax dollars to fund its budget, tFhYe1sh9utdown of most shops FY20 and businesses dramatically cut those proceeds. As a result, the governor had
45.65%
FY21
Federal Direct
Local Other
Local Other $
493 0.00%
$ 100
0.00%
$
- 0.00%
to veto several items out of the 2020-2021 budget. The largest individual cut
FY21 Revenue -
State Other $
43,620 0.09%
$ 43,132
0.08% $
31,133
0.04%
was to K-12 education, which included the Discretionary Lotto allocation.
FY21 Revenue - Food Services
10
Federal Direct $ 5,639,005 11.01% $ 5,959,232
Grants $ 45529971 8890% $ 46774724 8863% $ 66720909 9128%
14.33%
General Fund
11.29% $ 6,343,572
8.68%
Grants
Local PropertyTaxes $ 61,481,678 46.00% $ 66,065,786 46.96% $ 70,804,494 47.02% Program (FEFP), which is a funding formula adopted by the Florida Legislature
Taxes 36.48%
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