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DCD will be reduced from 1.0022 to 1.0006 or .0016 or a 0.16%. For impact comparison, the Base School Allocation for 2020-21, based on House Bill 5001 increased $40.00 compared to the 3rd FEFP calculation. Once we factor in the DCD of the prior year the district would have received an increase of $49.50 per FTE. However, with the reduction in the DCD the district will receive $33.18 or $16.33/FTE less. This allocation will be a one-time allocation for 2020-21. District Cost Differential (DCD) Section 1011.62(2), F.S., requires the Commissioner to annually compute District Cost Differentials (DCDs) by adding each district's Florida Price Level Index for the most recent three years and dividing the sum by three. The result is multiplied by 80% and divided by 100, and 20% is added to the product to obtain the DCD. This serves to limit the factor's adjustment to 80 percent of the index (i.e., the approximate percentage of district salary costs to total operating costs). The three-year averaging reduces the immediate impact on districts of fluctuations in the index. The district will also have to fund an additional item that was not appropriated in the FEFP calculation. In 2019-20 the district's funding was reduced by $300,376 for Florida's Family Empowerment Scholarships. In the 2019-20 Third FEFP calculation, the funding of all district's was reduced by $103,529,750. The largest were Broward County Schools at $11M, Miami -Dade Schools at $22M, Duval County Schools at $7M, and Orange County Schools at $11M. This was a new reduction for all districts and the requirement is expected to double for 2020-21. For 2019- 2020, $103,529,750 was transferred from the School District budget to pay for these scholarships. Statewide the cost for 2020-2021 could exceed $300M. For Indian River Schools, the district will need to set aside $600,000 for 2020-21 for this requirement. Family Empowerment Scholarships are funded at 95 percent of Florida's unweighted full-time equivalent amount ($7,250 in 2019-20) or a private school's tuition and fees, whichever amount is less. Payments are transferred quarterly from the state's general revenue fund for parents to use at participating private schools. A total 18,000 scholarships were authorized in 2019-20. House Bill 7067 allows for a maximum increase of 1% of the state's public -school enrollment, or an additional 29,000 scholarships for a potential of total 47,000 scholarships. Historically, expenditures for student transportation services has exceeded the FEFP allocation. For the last four years the actual expenditures for transporting students has been approximately $5.4M. Funding from the FEFP calculation has been approximately $3.5M or a deficit of $1.9M. The district has streamlined operations to reduce cost increase efficiency. The district currently operates a fleet of 103 school buses, 63 are liquid propane with another 10 to be added this summer. The district transports students over 100 miles each day on 84 routes or 8,400 daily miles or 1.6M miles a year. There are approximately 85 full time bus drivers. Instructional Material funding has remained flat for the last four years at $1.4M. However, when compared to the "Benchmark" funding of $1.8M in 2007-08, funding for instructional materials has decreased $454K or 25%. Statewide, funding has decreased $35M or 13% compared to 2007-08. Summary In summary the FEFP funding has not kept pace with inflation, the growing demand for recruiting and retaining highly qualified teachers and staff, expanding transportation services for student choice, increasing mental health services for students and community members, increased vigilance for safe and secure school facilities for students and staff, special programs such as, Family Empowerment Scholarship, the growing demand for digital teaching and technology, and the loss of major capital funding for the district. 84