Distrito Escolar del - Osceola County School District

Revenues by Source - Govermental Activities
Grants and
Contributions Not
Restricted to Specific
Programs
56%
Sales Taxes
2%
Property Taxes
28%
Investment Earnings
0%
Capital Grants and
Contributions
3%
Operating Grants and
Contributions
7%
Miscellaneous
2%
Charges for Services
2%
Governmental Activities.
Governmental activities decreased the District’s net assets by $19,449,288, accounting for all of the total decrease
in the net assets of the District. Key elements of the decrease are as follows:
‣ Restricted Net Assets decreased by $5,904,330 and Unrestricted Net Assets decreased by $8,685,749.
‣ Investments in Capital Assets, Net of Related Debt, decreased by $4,859,209.
The largest revenue sources are the State of Florida and local sources. Combined, these two revenue sources
account for 87.2 percent of total revenues. Revenues from State sources for current operations are primarily
received through the Florida Education Finance Program (FEFP) funding formula. The FEFP formula utilizes
student enrollment data, and is designed to maintain equity in funding across all Florida school districts, taking
into consideration the District’s funding ability based on the local property tax base. Grants and contributions
not restricted to specific program revenues decreased by $32,728,011 or 11.1 percent primarily due to the loss of
the non-recurring Education Jobs and State Fiscal Stabilization Funds. The FEFP revenues decreased due to a
4% reduction to the base student allocation despite an increase to student enrollment of 1,289 students.
Revenues from local sources consist primarily of ad valorem taxes and impact fees. Property tax revenues
decreased by $13 million (9.1 percent) primarily due to the decrease in the local property tax base.
Instructional expenses represent 52.5 percent of total governmental expenses in the 2011-12 fiscal year.
Instructional expenses decreased by $12,868,578 or 4.8 percent, from the previous fiscal year due to the reduced
base student allocation.
1-8
192