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|February 11, 2020 Regular School Board Meeting|
Educational Facilities Impact Fees
Consent w/o Information - 02/11/2020
Brevard County collects educational facilities impact fees from residential development for construction of educational facilities or capital improvements that provide educational capacity in the Impact Fee Benefit District from which the funds were collected.
The funds may be used on capacity projects identified in the District's Annual Educational Facilities Work Program. The process by which funds are allocated to projects is outlined in the Interlocal Agreement between Brevard County and the School Board. Each Benefit District (North and South) has an Educational Facilities Impact Fee Benefit District Advisory Committee that includes the School Board, County and applicable municipal representatives. The District Advisory Committees make a recommendation to the School Board. The School Board approves or modifies the recommendation and then submits the funding request to Brevard County for approval by the Board of County Commissioners. The process can take 2-4 months before the funds are received by the District.
The School Board previously approved the recommendations for the educational facilities impact fee revenue through September 30, 2019 at the October 29, 2019 School Board Meeting.
Board action requested allocates the revenue received through December 31, 2019. The Impact Fee Benefit District Advisory Committees met on January 13, 2020. The Committees' recommendations are attached to this agenda memo and are summarized as follows:
New impact fees accrued through 12/31/2019
Interest accrued on previously allocated impact fees
When using educational impact fees to pay debt for prior construction of student stations, the debt must be related to a project within the impact fee benefit district from which the fees were collected. The Finance Department has confirmed that the proposed use of the funds is in compliance with this requirement.
The District budgeted $4,945,000 in capital funds for debt service in FY 2020. The Board's October 29, 2019 action to approve the allocation of educational impact fees included allocation of $956,685.75 for debt service. The approval also directed a budget amendment to budget an additional $956,685.75 in capital funds in Facilities & Maintenance to partially offset the loss of Public Education Capital Outlay (PECO) funds that were allocated to charter schools by the Florida Legislature for FY 2020 ($1.6 million).
Similarly, it is recommended that a budget amendment be prepared to budget an additional $351,094.97 capital funds in Facilities & Maintenance to continue to partially offset the loss of PECO funds.
Approve the recommendations of the Educational Facilities Impact Fee Benefit District Advisory Committees.
Authorize the Superintendent, or designee, to request Brevard County disburse the Educational Impact Fees available through December 31, 2019.
Prepare a budget amendment to budget an additional $351,094.97 capital funds in Facilities & Maintenance to continue to partially offset the loss of PECO funds.
|Authority for Action|
F.S. 1001.42 and Interlocal Agreement with Brevard County
|Involves Expenditure of Funds Directly in the Classroom|
Source of Funding
Agenda Item will not Require the Expenditure of Funds
Legal Counsel Review
David Lindemann, AICP, Director of Planning & Project Management 321-633-1000, ext. 11463
Impact Fee Benefit District Advisory Committee Recommendations 2020-01-13.pdf