Operations Action Item

DATE:	Tuesday, October 2, 2018
TO:	School Board Members
FROM:	Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Approve the Projected 2018/2019 Public Education Capital Outlay (PECO) and Millage Projects
EXECUTIVE SUMMARY
The Florida Legislature appropriates funds to support Public Education Capital Outlay (PECO).  The District received an allocation of $3,436,612 for the 2017/2018 fiscal year.  The district staff is projecting an allocation of $3,547,878 for 2018/2019 PECO funds.    Millage funds are received from local property tax assessments.  Millage funds also provide payment for debt service, site and bus purchases, and other obligations.  The 2018/2019 projects identified on the attached sheets are the result of prioritizing recommendations from facility assessments, maintenance staff, Area Superintendents and individual schools.  The total millage funds are projected as $149,676,250.
STRATEGIC OBJECTIVES
• Engage and communicate with families and stakeholders • Continuously improve processes and systems • Establish a strong foundation of financial stewardship
FINANCIAL IMPACT (Budgeted:  Yes)
The 2018/2019 District Capital Outlay PECO Maintenance Fund allocation is projected to be $3,547,878.  The 2018/2019 Local Millage Assessment projected to be available for projects after prior obligations is $40,017,100.
EVALUATION
SUBMITTED BY:  Lorraine Duffy Suarez, General Manager, Growth Management and Planning Amber Dickerson, Manager of Planning & Siting, Operations

		Christopher Farkas
		Deputy Superintendent, Operations (813) 272-4004
		C 7.02
Hillsborough County Public Schools (Florida) * Mtg.#20181002_903 (Board Meeting) * Section C Item# 7.02