Walton County School District Financial Report FY 2022-2023

The annual financial report for Walton County School District for the fiscal year 2022-2023 provides details of revenue and expenditures across different categories including General Fund, Food Service, and Federal Projects. The report highlights total revenue sources, expenditure breakdowns, and key financial figures, indicating the district's financial performance and resource allocation.

• Financial Report
• Walton County School District
• Revenue
• Expenditure
• Fiscal Year

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1. Walton County School District Annual Financial Report Fiscal Year 2022-2023 Tuesday, September 5, 2023 Stephanie Hofheinz, Chief Financial Officer HofheinzS@Walton.k12.fl.us 850-892-1100, ext. 1346

2. General Fund Total Revenue by Category FUND 1000 1000 SOURCE Federal Direct Federal through State and Local Description ROTC, Impact Aid Medicaid, Misc. Federal through State FEFP, WFD, TSIA, VPK Taxes, Interest, SPICE, ECTC Fees, IndirectCosts TOTAL $373,120 $180,778 1000 State $20,492,635 1000 Local $119,352,244 $140,398,777 Total Revenue

3. General Fund Expenditures By Object Code Category Amount Expended Percentage 78% 12% 3% 4% 1% 2% 100% Salaries and Benefits $103,476,040 $15,914,895 $3,724,486 $4,873,934 $1,475,005 $2,667,621 $132,131,981 Contracted/PurchasedServices EnergyServices(Fuel/Utilities) Materials and Supplies Capital Outlay Other Totals: 3%4%1% 2% Salaries & Benefits 12% Contracted/Purchased Services Energy Services Materials and Supplies Capital Outlay 78% Other

4. Food Service Total Revenue by Category FUND 4100 SOURCE Federal through State and Local Description National School Lunch Reimb, Commodities, Summer Feeding State Breakfast and Lunch Allocations Student Breakfast and Lunch TOTAL $5,313,419 4100 State $45,384 4100 Local $1,333,539 $6,692,342 Total Revenue

5. Food Service Expenditures By Object Code Category Amount Expended Percentage 39% 1% 59% 0.20% 0.80% 100% Salaries and Benefits $2,610,779 $38,967 $3,869,062 $5156 $36,428 $6,560,392 Contracted/Purchased Services Food and Supplies Capital Outlay Other Totals: 0.80% 0.20% Salaries & Benefits 39% Contracted/Purchased Services Materials and Supplies 59% Capital Outlay 1% Other

6. Federal Projects- Total Revenue Fund 4200 Source Total Federal Grants: Title I, IDEA, Perkins, Title II, Title III Pell Grants $5,668,443 4200 Totals: $420,128 $6,088,571

7. Federal Projects Expenditures By Object Code Category Amount Expended Percentage 71% 8% 6% 3% 12% 100% Salaries and Benefits $4,296,374 $476,165 $348,775 $221,921 $745,965 $6,088,571 Contracted/Purchased Services Materials and Supplies Capital Outlay Other Totals: Salaries & Benefits 3% 12% Contracted/Purchased Services 6% Materials and Supplies 8% Capital Outlay 71% Other

8. CARES ACT Relief Funds-ESSER and GEER Total Revenue Fund 4410 Source Total $692,199 Elem. & Sec. School Emergency Relief-ESSER Other CARES Act Relief Fund- GEER Elem. & School Emergency Relief (ESSER II) Elem. & School Emergency Relief (ESSER III) Other ARP Act Relief Fund 4420 $73,499 4430 $4,208,239 4450 $10,946,517 4460 Totals: $145,812 $16,066,266

9. CARES Act- ESSER and GEER Expenditures By Object Code Category Amount Expended Percentage 41% 13% 0.10% 8% 37% 0.90% 100% Salaries and Benefits $6,389,054 $2,007,268 $29,759 $1,358,546 $5,730,544 $551,095 $16,066,266 Contracted/Purchased Services Energy Services Materials and Supplies Capital Outlay Other Totals: 0.90% Salaries & Benefits Contracted/Purchased Services 41% 37% Energy Services Materials and Supplies Capital Outlay 5% Other 13% 0.10%

10. Capital Projects Total Revenue by Category FUND 3600 SOURCE Capital Outlay & Debt Service Local Capital Improvement Description State Allocation TOTAL $409,332 3700 Tax Collections 1.393 Mills, Interest Safety & Security, Charter School Capital Outlay, COPS Interest $51,806,671 39XX Other Capital Projects $1,613,630 $53,829,633 Total Revenue

11. Capital Projects Expenditures By Object Code Category Amount Expended Percentage 68% 13% 3% 3% 9% 3% .20% .80% 100% Buildings $30,106,126 $5,778,257 $1,457,964 $1,158,670 $4,113,640 $1,468,467 $103,392 $328,365 $44,512,881 Furniture, Fixtures, Equipment Motor Vehicles Improvements Other than Bldgs Remodeling and Renovations Land Computer Software, Other COPS Cost of Issuance Totals: 0.20% 0.80% 3% Buildings 3% Furniture, Fixtures, Equip 9% 3% Motor Vehicles Imp other than Bldgs 13% Remodeling and Renovations 68% Land Computer Software/Library Books COPS Cost of Issuance

12. Capital Projects Transfers FUND 3700 3700 SOURCE To Debt Service To General Fund Description COPS Payments Leases, Property Casualty Ins., Equipment, Salaries TOTAL $10,723,932 $2,900,000 $13,623,932 Total Transfers Out

13. Fund Balance Comparison- Major Funds $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 General Fund Local Cap Imp 17/18 FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY

14. Capital Projects 17/18 to 22/23 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0 Revenues Expenditures Fund Balance 17/18 FY 18/19 FY 19/20 FY 20/21 21/22 22/23

15. General Fund 17/18 to 22/23 $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $0 Revenues Expenditures Fund Balance 17/18 FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY

16. General Fund Exp Comparisons 17/18 to 22/23 $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 Salaries Benefits Cont Svcs 17/18 18/19 19/20 20/21 21/22 22/23

17. General Fund Exp Comparisons 17/18 to 22/23 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Travel Utilities Fuel Subs 17/18 18/19 19/20 20/21 21/22 22/23

18. Positions by Fiscal Year 17/18 1,272 16/17 1,193 Positions Positions 18/19 1,306 Positions 19/20 1,329 Positions 20/21 1,358 Positions 21/22 1,391 Positions 22/23 1,470 Positions 23/24 1,566 Positions

19. Salary Increases by Fiscal Year Bargaining Unit 16/17 17/18 18/19 19/20 20/21 21/22 22/23 Total 61.76% Instructional 3.93% 5.91% 7.16% 5.54% 8.56% 12.81% 17.85% 65.61% ESP 5.81% 7.29% 4.74% 4.92% 4.90% 16.30% 21.65%

20. QUESTIONS OR COMMENTS?