►
From YouTube: August 2014 Budget Workshop
Description
See the agenda here: http://agenda.oneclay.net/publishing/ap-agendas.html
A
A
A
A
I
would
if
anyone
does
want
to
speak
our
policy.
We
won't
do
the
green
cards.
You
could
just
hold
your
hand
up,
but
our
policy
says
that
if
you
speak
at
a
workshop,
it's
to
ask
questions.
So
if
you've
got
something,
you
want
to
say,
put
it
in
the
form
of
a
question
and
just
raise
your
hand
if
you
want
to
speak
and
now
allow
you
to
speak.
B
B
Then
at
that
point,
if
you
have
any
questions
we'll
our
anytime,
we
go
through
this
just
ask
and
stop
me
and
ask
then
I
have
a
brief
review
just
on
a
couple
of
things
dealing
with
our
debt
service
because
of
the
Moody's
report.
I
just
think
we
probably
just
need
to
just
lightly
go
over
that,
and
then
we
can
go
from
there.
B
B
B
B
A
B
In
2014-15
we
have
estimated
the
local
property
tax
and
I'll
have
another
slide
in
just
a
second.
That
will
tell
you
the
break
out
of
that
property
tax
federal
revenue
at
two
point:
five
state
at
one
hundred
and
eighty
eight
point:
seven
million
I
also
passed
out
to
you,
the
third
calculations,
I'm,
sorry
I
passed
out
to
you,
the
FE
FP
that
compared
the
fourth
calculation
for
1314
to
the
first
calculation.
Fourteen
fifteen
also
I
gave
you
another
calculation
that
compared
the
fourth
calculation,
thirteen
fourteen,
the
second
calculation
of
fourteen
fifteen.
B
You
can
really
take
the
one
that
compares
fourth
to
the
first
calculate
you
just
set
that
aside,
because
the
second
calculation
is
really
what
we
work
with
it.
Just
from
this
from
the
fourth
to
the
first
calculation,
all
it
does
is
just
add
or
subtract
to
get
to
the
second
calculation.
This
is
based
on
the
second
calculation.
B
The
state
revenue
that
relates
to
the
FE
FP
is
the
total
Fe
FP
of
that
one
hundred
and
eighty
eight
point:
seven
million
is
about
a
hundred
and
eighty
four,
it's
the
significant
part
of
that,
but
there's
a
few
other
types
of
things
that
we
receive
at
the
state
level.
That's
not
a
part
of
the
FE
FP.
The
one
important
thing
that
I
want
to
point
out
to
the
board.
Is
this
non-recurring.
B
You
can
see
that
our
expenses,
our
253
million
part
of
the
the
biggest
part
of
that,
would
be
in
our
salaries
and
benefits
about
86
percent.
It's
down
a
little
bit
and
we
need
to
understand.
Why
is
it's
not
88
percent
like
1314,
it's
86
percent,
because
our
school
recognition
money
is
down
it's
not
as
much
as
it
used
to
be,
and
most
teachers
take
a
bonus.
Now
that
bonus
will
be
recorded
in
the
salaries
area
of
the
of
the
budget,
and
that's
decreased
about
six
or
seven
hundred
thousand
dollars.
B
The
other
significant
decrease
in
salaries
would
be
because
now
our
substitute
teachers
are
paid
out
of
contracted
services,
not
in
salaries
and
no
benefits,
but
because
we
contract
with
Kelly
services,
then
that
three
million
dollars
and
that
range
for
substitute
cost
is
pulled
out
of
salaries
and
put
in
to
that
area
of
operating
expenses
of
thirty
four
million.
So
when
you
see
the
slide
that
says
what
percent
are
in
benefits
of
salaries
and
benefits
for
the
1415
year,
it
calculates
that
just
a
little
over
eighty
six
percent.
B
Here's
a
little
graph
that
I
think
is
helpful
and
I'll.
Let
you
just
study
it
a
second
starting
with
the
Oh
seven.
Oh
eight
year,
you
can
see
in
red
the
expenses
in
blue
the
revenue,
and
these
are
based
on
audit
audited
figures
all
except
for
the
13-14
year,
and
obviously
that
has
not
been
audited
yet.
But
that's
the
estimate
and
1415.
D
B
Just
don't
I
think
a
big
part
of
it
I
think
a
big
part
of
it
is
because
class
size
I
think
because
we
hire
teachers
to
meet
class
size
over
the
years
and
when
enrollment
fault,
you
still
have
the
teacher
there
and
I
think
that's
one
of
the
reasons
again
a
part
of
that
eighty
eight
percent.
Eighty
seven
percent.
Eighty
six
percent
is
also
due
to
help
to
employee
benefits.
A
part
of
that
is
the
retirement
rate.
That's
going
up
because.
A
B
I
think
if
you
go
back,
that's
a
great
question.
I
do
know
that
at
one
time
we
were
81
to
82
percent
I.
Think
as
we
began
to
grow
as
our
enrollment
began
to
grow
in
some
of
those
early
2000
years,
beginning
of
2000,
we
hired
a
lot
of
people
we
gave
big
increases.
I
would
say
that
between
2007
8
and
now,
we've
probably
given
14
to
15
million
dollars
in
salary
increases.
B
B
B
B
B
B
Adams
can
speak
to
that
just
a
second.
So
to
get
to
that
two
point:
five,
eight
percent
remember
that
non
recurring
revenue
amount
of
seven
point:
seven
million
I
think
what
I
have
done
is
that
I
have
said.
Okay,
if
we
get
those
seven
hundred
great
I
want
to
be
at
two
point:
five,
eight
percent,
so
I
went
in
and
put
into
that
non
recurring
revenue,
approximately
a
million
eight
hundred
thousand
dollars,
anticipating
that
that
enrollment
is
going
to
be
up
five
to
seven
hundred
children.
I
think
this
is
very
important
for
us
to
understand.
B
There
is
a
risk
to
that.
I,
don't
think
the
risk
is
that
the
children
aren't
going
to
be
there.
I
think
the
risk
is
going
to
be
if
the
state
does
not
pay
us
the
full
based
in
an
allocation
based
on
those
children.
So
if
we
should
receive
full
funding
for
about
700
children,
then
I
think
we're
probably
looking
at
two
and
a
half
million
dollars.
B
But
what
we
have
to
remember
in
this
budget
is
a
million
eight
in
anticipation
of
receiving
that
in
the
third
calculation
to
get
to
the
2.5
eight
percent.
So
hopefully,
when
we
get
our
new
revenue
amount
in
January
for
the
rest
of
the
year,
it's
going
to
show
an
increase
to
Clay
County
of
about
two
and
a
half.
If
that
does,
then
you
can
anticipate
an
additional
six
to
seven
hundred
thousand
I,
don't
know
any
other
way
to
explain
it
or
to
say
it,
but
it's
just
like
estimated
property
tax.
B
B
B
B
There
is
an
amount
that
we
absolutely
must
send
to
the
self-insured
fund,
because
the
actuary
has
said
that
it,
if
you
don't
increase
it,
we
are
going
to
maybe
not
allow
you
to
have
that
fund,
because
it's
not
actuarial
e
sound,
which
means
a
significant
fund
balance.
Just
like
in
the
general
fund.
You
need
to
have
a
fund
balance
in
that
self-insured
fund
for
catastrophic
catastrophic
events.
B
That
is
the
required
local
effort
in
any
particular
year
if
our
property
tax
only
from
the
required
local
effort,
does
not
come
in
based
on
what
the
state
gives
us,
we
need
to
always
remember
the
state
says:
here's
your
required
local
effort,
mill
levy,
we
have
no
say
annette,
and
if
that
revenue
does
not
come
in
based
on
that
levy
that
they
give
us,
then
the
next
year
you
can
see
the
prior
period
adjustment
right
under
the
required
local
effort.
You
can
see
in
ten
eleven
we
had
point.
B
B
B
I'm
not
going
to
spend
very
much
time
on
this
rollback
rate.
The
thing
that
we
just
need
to
always
remember
is
that
the
required
local
effort,
rollback
rate,
determines
whether
or
not
we'll
have
a
tax
increase
or
not.
The
rollback
rate
was
grows
less
than
the
required
local
effort
mill
levy.
Now
the
thing
we
need
to
remember
the
required
local
effort
mill
levy
to
determine
the
rollback
rate
does
not
include
that
prior
period
adjustment,
so,
even
without
that
we
were
higher
than
the
rollback
rate.
So
that's
why
we
had
to
advertise
to
the
tax
increase.
B
Okay,
here
is
the
last
slide
on
the
general
fund.
You
can
see
the
unassigned
fund
balance
at
June.
Thirty,
six.
Thirty,
two
thousand
seven,
nine
point:
six
one
next
year,
eight
five
to
nine
point,
nine
twelve
point:
three,
seventeen
point
seven
and
here
is
where
we
began
to
drop.
Eight
point.
Eight
four
point:
nine
five
point:
four,
and
that
five
point
four
represents
two
point:
two
four
percent,
as
we
got
into
the
June
30
2013
or
the
twelve
thirteen
year
and
we
fell
below
three
percent.
B
That's
where
the
rating
agencies
began
to
notice
because
they
receive
our
audited
statements,
and
you
can
see
that
the
rating
agencies
start
to
look
at
us
very
closely
and
they
ask
us:
how
are
you
going
to
get
back
to
three
percent
and
they
really
don't
like
three
percent
to
them?
That's
just
the
very
minimum.
They
say
we
want
at
least
seven
percent,
so
we've
got
a
ways
to
go
and
if
it's
not
done
rapidly,
then
they
say
well.
B
The
only
thing
we
can
do
is
downgrade
you
a
little
because
you
are
creating
a
greater
risk
to
meet
your
debt
obligations.
That's
the
theory
that
they
follow.
So
if
you,
if
you
don't
have
the
money,
then
we
need
to
notify
the
world
so
to
speak,
that
if
that
school
district
should
go
out
for
future
debt
financing,
if
they
want
it,
then
they're
gonna
have
to
pay
a
higher
rate
to
draw
investors
in
to
purchase
your
bonds
so
estimated
at
the
end
of
2014
15
June
30
2015
we've
had
a
net
we've
estimated
2.5
8%.
B
B
B
Are
two-
and
there
are
two
ratings
one-
is
on
the
total
long-term
debt,
the
total
long-term
debt.
If
you
look
at
the
report
and
let's
just
read
the
opinion,
Moody's
Investors
Service
has
downgraded
to
a
1
from
a
or
double
a
three
Clay
County,
School,
District's,
long-term
rating.
So
on
the
long-term
basis
on
all
of
our
debt,
they
have
downgraded
us
all
right.
So
really,
what
does
that
mean?
B
So
if
you
look
at
on
the
pink
that
I've
highlighted
for
long-term
rating,
a
double
A,
three
E
and
a
double
A
is
that
in
their
interpretation
obligations,
rated
Double
A
are
judged
to
be
of
high
quality
and
are
subject
to
very
low
credit
risk.
Then
they
attach
a
three
to
it
and
the
three.
If
you
look
down
below
the
line
that
says
three,
indicates
a
ranking
in
the
lower
end
of
that
generic
rating
category.
So
it's
just
a
little.
It's
just
you're,
just
a
little
worse
than
a
double-a,
but
it
dropped
to
an
a.1.
B
B
Right
then
they
they
downgraded
us
in
another
area.
That
area
deals
just
specifically
with
the
CEO
P's,
the
certificates
of
participation.
We
were
at
an
a1
and
I've.
Read
you
what
an
a1
is,
but
they
said
we're
going
to
lower
your
to
an
a2
because
of
our
fund
balance
field.
Yes,
everything
relates
to
our
fund
balance
and
did.
B
That
did
not
do
it
because
they
want
it
faster
and
they
look
at
the
salaries
that
we
have
provided
in
the
last
couple
of
years
and
they
took
that
into
consideration
and
they
also
took
into
consideration
with
increased
salaries.
You
will
also
have
now
a
higher
retirement
rate
that
puts
a
greater
burden
on
the
school
district
and,
as
a
matter
of
fact,
you
can
see.
B
A
B
It
is
right
here:
okay,
our
state
school
bonds
at
the
end
of
June
30
2014
is
2.9
million,
almost
3
million
in
our
special
act
bonds,
which
is
the
racetrack.
That's
at
3.9
million
total
our
CEO
pees.
The
principal
is
that
54
million
with
the
interest
at
72.
So
now
at
June,
30
2014,
we
are
at
78
million
I.
B
B
B
B
A
F
B
B
Am
in
trouble,
but
anyway,
assuming
seven
hundred
you
would
take.
Then
you
have
to
wait
those
students
at
waiting,
maybe
750
additional.
So
you
take
that
times.
The
four
thousand
four
which
is
after
the
district
cost
differential
and
then
that's
the
base
funding.
We
would
receive
okay,
all
right,
haves,
good
question.
Okay,
any.
B
B
To
if
you
look
at
the
handout
that
shows
the
forth
calculation
and
the
second
couch
at
second
calculation?
Okay,
you
look
at
3/4
down.
You
see
total
Fe
FP
state
funding
of
186
million
247
184,
yes,
sir,
that
is
based
on
the
4000,
not
I
mean
there
are
other
calculations
that
you
have
to
consider.
But
what
you
have
to
do,
then,
to
get
to
the
6000
plus
is
add
the
local
effort,
the
local
effort
being
the
required
local
effort
and
the
discretionary
local
effort,
which
totals
52
million
four
hundred
seventy-one
thousand.
F
We
got
two
different
forms
here:
okay,
so
this
is
what
you
showing
us,
but
this
is
what
added
in
with
the
local
effort,
so
the
second,
the
fourth
calculation
was
six
thousand
six
hundred
and
seventy
six
and
the
fourth
Cal.
The
second
calculation
was
six
thousand
eight
hundred,
so
there's
an
increase
because
we
put
an
increase
of
two
hundred
dollars
on
there
right.
F
I'm
sorry
179
eighty
right,
so
why
I
would
I
don't
understand?
Is
why
isn't
that
the
multiple?
Why
is
it
four
thousand,
if
you
do
the
four
thousand
and
with
two
thousand
with
the
local
effort
shouldn't
it
be
times,
six
thousand
eight
hundred
and
fifty-six
dollars
per
student
I
mean
that's
what
we
had.
That's
what
the
stages
said.
What
is
the
state
saying
it's?
The
state
is
saying
on
the
second
calculation
6850
six
dollars
and
26
cents
per
student.
All
right
stay
right
here.
B
What
the
state
is
saying
is
we:
the
state
is
funding
four
thousand
dollars
per
student,
the
local
area,
local
county,
they're,
funding,
the
difference
through
property
tax,
okay
and
that's
all
it
is
saying
you
can
go,
look
at
every
school
district
and
that
it's
right
there
in
the
eighth
EFP
of
what
they
generate.
You're
going
to
find
some
school
districts
generate
a
huge
amount
in
the
discretionary
local
effort
like
st.
John's,
so
their
amount
is
going
to
be
up
significantly,
and
so
we
say
how
come
then
Clay
County
doesn't
do
the
same
thing
as
st.
E
The
problem,
if
I
understand
the
question,
miss
PAVA
the
state.
If
we
gain
children
through
this
course
of
the
year
and
they
show
up
in
the
first
and
second
count,
they
will
pay
us
more
per
child.
However,
if
everybody
in
the
state
gets
more
children,
the
amount
they
pay
us
more
per
child
will
go
down
because
they
don't
go
reallocate
that
pot
of
money,
but
at
the
local
level
we
assess
and
we
get
whatever
our
ad
valorem
property.
E
Taxes
are
based
on
that
mill
levy
for
everybody's
property
values
and
nobody
strokes
us
a
check
from
the
courthouse.
If
we
have
thirty
five
hundred
thirty
five
thousand
three
hundred
and
thirty
five
thousand
the
property
value
didn't
go
up.
We
just
got
more
kids
so
that
that
money
just
gets
spread
out
over
more
kids
that
other
two
thousand
seven
dollars
per
child
isn't
really
per
child.
That's
just
really
what
the
property.
E
F
B
C
E
E
A
C
C
Where
we
are
a
people,
business,
okay,
so
it
makes
sense
that
we
spend
our
money
on
people
because
it
takes
people
to
do
our
people
business.
The
thing
I
think
we
have
to
think
about
and
I
of
the
thing
I
think
I
would
challenge
this
board
to
consider.
If
you
want
to
reduce
that
88%
in
the
future,
it's
probably
prior
to
the
allocation
process
prior
to
us
saying
we're
going
to
have
this
many
of
this,
and
this
many
of
that
is.
C
We
need
to
look
at
the
services
that
we
provide
in
our
district
and
make
some
decisions,
because,
truly
and
and
and
again
what
I'm
saying
I
mean
no
disrespect
by
this
because
I'm
very
proud
of
what
we've
done
here.
We
we
provide
a
high
level
of
service.
Here
we
have
low
class
sizes,
we
still
offer
resource
classes
in
elementary
schools.
Many
districts
do
not
many
districts
get
resource
class
once
every
11
days,
if
I
at
all,
we
have
nurses
in
every
school.
In
some
schools
we
have
more
than
one
in
some
schools.
We
have
three.
C
C
They
envy
our
our
staffing
level
in
terms
of
our
service
delivery
and
I,
make
no
apologies
for
it.
I'm
we
are
proud.
We
know
we
are
famous
for
the
services
that
we
provide.
So
so
that's
why
we
have
an
88%
I
mean
truly
out
of
our
5,000
employees,
2,700.
What
wasn't
miss
Butler
76.4
for
teachers,
one
thousand
six
hundred
and
something
about
almost
less
than
eighteen
hundred
we're
support
and
there's
like
what
do
we
say
160
or
is
160
150,
960,
60
administrators?
C
We
are
a
people
business.
So
if
we're
going
to
dial
it
back,
you
know
you
compare
our
salaries
with
other
salaries
around
the
state,
to
we're
competitive
with
st.
John's
and
with
in
with
Duval.
With
our
you
know,
the
people
we
like
to
keep
up
with
and
be
competitive
with,
so
it's
it
really
boils
down
to
the
level
of
service
that
you
want
to
provide.
Truly
it
does.
The
other
thing
I
want
to
mention
is
our
enrollment.
C
C
Elementary
came
in
on
last
count
just
77
over
our
projection
and
secondary
was
it
was
six
hundred
and
something
said
the
total
was
like
seven
hundred
and
seventy
four,
but
that's
a
wrong
number.
You
know
that's
not
true,
FTE
and
now
that
they
calibrate
so
I
can't
tell
you.
We've
got
a
true
770
kid
increase
it's
not
even
labor
day.
Yet
we
know
we'll
get
more
kids,
then
the
only
secondary
school
that
was
really
really
low
is
Orange.
Park
junior
only
has
635
kids.
That
was
one
under
projection.
C
We
have
several
elementary
schools
that
are
small
I'm
talking
five
hundred
four
hundred
and
something
mm-hmm.
So
instructional
revision
has
done
a
excellent
job
going
in
and
evaluating
looking
at
class
size,
we've
tried
to
move
teachers
sooner
rather
than
later
so
they've
made.
We
made
those
moves,
we
think
we've
adjusted
for
that
and
then
I
gave
you
a
draft
of
what
we're
doing
for
September
19th
board
meeting
that
shows
the
shifts
and
then
the
ads.
So
out
of
all
that
only
have
a
hunt.
What
is
boil
down
to
one
hundred?
Ninety
nine
thousand
one.
C
A
C
Was
the
extreme
they
were
probably
fussing
because
we
had
to
take
I,
don't
know.
If
it's
chosen
that
sheet
we
took
one
or
two
teachers.
I
know
we
took
a
kindergarten
teacher.
They
were
like
eleven
in
the
classrooms.
Two
basic
teachers
deleted
was
that
from
comprehend
CTE?
Yes,
yes,
ma'am
mmm-hmm,
but
yeah.
We
didn't,
we
didn't,
take
a
teacher
and
make
them
go
over
so
yeah
they
balanced,
okay,.
D
Covered
it
all
really
well
I,
just
like
to
say
thank
you
to
dr.
Copelan
and
your
staff
for
putting
this
together.
I
know
not
everybody
wanted
to
have
a
workshop,
but
I
think
it
really
is
important
that
we
do
have
it
and
for
of
course
we
only
have
four
people,
five
people
in
the
audience,
but
maybe
there's
some
at
home,
watching
I,
think
it's
important
that
we
have
it
and
everything
be
explained,
and
if
somebody
wants
to
go
back
and
look,
they
can
so.
Thank
you
for
doing
you.
Two,
a
very
good
job,
appreciate
it.