Page 18 - BPS PFAR Report Fiscal Year 2021

Capital Assets and Sales Surtax
Capital assets are any property owned by BPS. Assets include land, buildings, equipment, vehicles, and software. BPS has more than 100 facilities, including 84 traditional schools with over 4,200 classrooms. Fifty-two schools are over 50 years old! Indoor facilities total about 12 million square feet, which is equivalent to 5,000 homes at 2,400 square feet each. A 2020 facility assessment estimated the current replacement value of BPS facilities at over $2 billion. The bus fleet includes 466 school buses, with an average age of 10.1 years. BPS Educational Technology manages over 80,000 pieces of technology equipment including computers,
servers and related equipment.
In November 2020, voters approved a six-year extension of the half-cent sales surtax. The general framework of the program remains the same, with revenue programmed for facility renewal (70%), educational technology (15%) and security (15%). The surtax renewal plan, published on the District’s web site, was based on detailed assessment of capital needs. The 2020 sales surtax renewal program includes a broader scope of projects, including classroom upgrades and athletic track renewal. The 2020 sales surtax is legislatively mandated to be shared with charter schools based on enrollment.
The first-year charter school revenue share is 10.141% of total revenue.
The summer 2021 projects included significant work at several schools with funding from the 2014 and 2020 sales surtax and capital. Major 2021 projects included:
• Saturn Elementary – sewer and water system renewal, LED lighting, pilot classroom renewal
• Pinewood Elementary – HVAC, classroom walls, canopy renewal
• Mila Elementary – HVAC, LED lighting, paint • Creel Elementary – classroom walls,
FY21 Capital Assets
Land
$ 36,311,529
Construction in Progress
$ 55,165,532
Improvements Other Than Buildings
$ 12,880,663
Buildings and Fixed Equipment
$ 682,954,903
Furniture, Fixtures, and Equipment
$ 13,964,554
Motor Vehicles
$ 16,576,731
AV Materials and Computer Softward
$ 157,533
TOTAL
$ 818,011,445
Value of Capital Assets (Depreciated)
LED lighting, paint
• Stone canopy renewal
• District-wide canopies to portable classrooms (underway)
Investment in educational technology allows Brevard
Public Schools to be responsive to challenges
emerging from the pandemic as well as to move
towards the goal of a 1:1 ratio of devices to students.
Renewal projects are underway for fiber optics,
structured cabling, student information systems, and
General Fund Expenditures by Object FY21
Due in One Year
In November 2014 Brevard voters passed a six-year
Salaries
$ 351,712,707 60.48%
half-cent
$ $ $ $ $
and security.
101,637,346 91,483,036 13,195,905 11,498,977
4,715,051
7,242,707
17.48% 15.73% 2.27% 1.98% 0.81% 1.25%
Employee Benefits
sales surtax
Purchased Services
for facility
Energy Services
renewal,
Materials and Supplies
educational
Capital Outlay
technology,
Other $
Through June 2021,
TOTAL $
581,485,729 100.00%
FY18
$ 444,638,779 $ 25,514,251
Governmental Funds
the 2014
FY19 FY20 intercom renewal
Instruction
59.15% 3.39%
60.16% $451,475,522 56.37%
Expenditures
sales surtax
$450,515,913
$ 29,033,313
program has
Although the sales surtax is the major funding source
Student Support
3.88% $ 26,593,525 3.32%
invested $170.6 million in facility renewal,
for capital improvements for buildings, technology and
General Administration $ 11,612,033 1.54% $ 12,084,142
1.61% $ 12,365,190 1.54%
$14.7 million in security and $26.7 million in
security, there are other sources of capital revenue
School Administration $ 39,265,356 5.22% $ 39,788,528
5.31% $ 40,512,588 5.06%
educational technology. Sales surtax investments
including educational impact fees, local capital millage and state capital funding. Educational impact fees
Facilities Acquisition
in air conditioning total over $120 million
& Construction $ 32,840,717 4.37% $ 21,023,916
2.81% $ 29,254,855 3.65%
through June 2021. The significant renewal of
are used to fund new capacity, such as the planned
Food Services $ 31,298,510 4.16%
$ 33,474,025
4.47% $ 31,958,455 3.99%
the air conditioning systems District-wide made a
Viera High School classroom addition. State capital
Central Services $
CommunityServices $ 1,301,345 0.17% $ 1,857,871
considerable difference in the reliability and safety
funding (about $2.3 million annually) is invested in
Student Transportation $ 18,263,918 2.43%
$ 18,513,777
2.47% $ 18,042,615 2.25%
of the learning environment for BPS students,
air conditioning renewal projects. State safety grant fund8.s4,3r%eceiv$ed68a,8n6n8u,4a6l5ly, a8r.6e0u%sed for additional
6,861,277 0.91%
$ 7,066,796
0.94% $ 7,486,774 0.94%
Operation &
teMaacinhtenrsan, caenodf Paldanmt inist$rat5o6r,5s4. 2,682 7.52% $ 63,097,329
0.25% $ 1,959,259 0.25%
Capital Outlay
$ 47,411,849 $ 36,129,976 $ 751,680,693
6.31% $ 35,188,247 4.81% $ 37,207,223 100% $748,851,080
security projects. State one-time funds appropriated
17
by the Florida Legislature, in combination with
Debt Service
TOTAL
4.97% $ 41,361,206 5.17% 100% $ 800,857,603 100%
4.70% $ 70,979,149 8.86%