SARASOTA – An independent committee of business advisors reported to the School Board of Sarasota County on Nov. 17 that the district has done an outstanding job of managing the revenue from a local voted millage in effect since 2002 and should seek its renewal in 2010.
The Financial Advisory Committee originally was formed to provide community oversight of the revenue raised from the millage. The FAC currently meets monthly to advise the superintendent on good business practices and a range of financial issues, including the operating budget, capital projects, cost-reduction initiatives, revenue streams and communication of the district’s financial practices.
Committee vice chairman John Cranor said the conclusions of the committee regarding the performance of the district in managing its resources was based on an analysis of return on investment. “It’s a value proposition,” he said. “What do we get for what we spend?”
The committee used a variety of measures to assess the quality of education being delivered by the Sarasota County Schools. They noted that the district is designated by the state as an “A” district, its SAT scores are much higher than state and national averages, it has a record high graduation rate (86 percent) and a record low dropout rate (2.1 percent), student achievement is steadily improving and strong progress is being made in narrowing the achievement gap between white and black students.
Their report on district performance concluded the following: “These various measures all indicate that Sarasota County delivers education that is demonstrably superior to most other districts in the state. The ‘What do we get?’ aspect seems sound.”
The committee also reported on the use of the funding from the voted millage approved in 2002 and renewed in 2006. The funds have been used for the purposes originally designated: to provide a longer school day; improve teacher compensation; reduce class sizes; preserve art, music, honors and athletic programs; enhance dropout prevention and improve counseling services.
The report also noted that while the School Board met community expectations to enhance the quality of educational services, it also demonstrated good business sense by holding some referendum funding in reserve. The reserve has provided a cushion against some of the worst effects of an economic downturn that has forced many Florida school districts to impose far deeper cuts in service than have been necessary in Sarasota.
“The voted millage enabled quality enhancements and the decision to maintain a strong reserve provided critical funding in a period of reduced revenue,” Cranor said. “We laud the school board for that.”
The FAC also reported that the district has made prudent use of its borrowing capacity to move forward with construction of new school facilities while construction and borrowing costs are low.
Cranor said the Financial Advisory Committee strongly endorses the district’s proposal to seek voter approval of a continuation of the current voted millage. “In our judgment, this funding is responsible, in large measure, for the significant and strongly positive differential performance of Sarasota County Schools and students. This funding allows the district to get on with its primary mission of teaching and learning.”
The committee offered some recommendations for the district to pursue as the economy recovers. They said the district needs to restore its budget reserve and to find the means to replace federal stimulus funds that will expire after 2011. They also suggested that the district explore “pay for performance” options for instructional staff and seek greater flexibility on negotiating contracts for outsourcing support services.
The report concluded that although the district has performed well over the past four years, both in terms of academic progress and fiscal responsibility, it should take a “not satisfied” approach in its continuing pursuit of excellence in educational programs, financial reserves and facilities needs.
The full Financial Advisory Committee report, including profiles of the committee members, and an accompanying PowerPoint presentation are available at the links below:
Financial Advisory Committee Report Nov 2009
FAC Presentation to School Board-PDF file