ALLOCATION AND USE OF AD VALOREM MILLAGE

ALLOCATION AND USE OF AD VALOREM MILLAGE

po6210.001Adopted October 7, 2025Revised March 10, 2026

6210.001 - ALLOCATION AND USE OF AD VALOREM MILLAGE

  1. Allocation of Ad Valorem Millage
     
    1. Definitions
       
      1. Ad Valorem Millage Assessment (Millage): A voter-approved property tax rate applied to assessed property values, dedicated to funding public education priorities as outlined in this policy.
    2. Fund Allocation Structure

      Brevard Public Schools’ annual millage revenue shall be allocated as follows:
       
      1. Compensation and Benefits (80%):
         
        • Directly support competitive salaries, retention incentives, and benefits for all employee groups (instructional, administrative, and operational staff).
        • Annual adjustments must align with District-wide compensation plans and collective bargaining agreements.
      2. Student Program Development and Expansion (16%):
         
        • Fund academic, extra-curricular, and wellness initiatives (e.g., literacy programs, STEM labs, mental health services, mathematics programs, etc.).
      3. Technological Advancements (4%):
         
        • Modernize digital infrastructure, including devices and staff training with a focus on the classroom of the future as represented to the voters of Brevard.
    3. Interest Revenue Management
       
      1. Interest earned on millage funds must:
         
        1. Be deposited into the restricted millage account.
        2. Be used only for:
    4. Charter School Distributions
       
      1. Funds allocated to charter schools under F.S. 1011.71(9) and HB 7002 (2024) shall:
      2. Be proportionate to student enrollment.
      3. Adhere to the same spending categories (compensation, programs, technology), or to be used in a manner consistent with the purposes of the levy.
      4. Undergo annual compliance audits to ensure alignment with millage purposes.
    5. Oversight Roles
       
      1. Superintendent or Designee:
         
        1. Ensure expenditures comply with State law, voter intent, and audit standards.
        2. Submit quarterly financial reports to the ICCMO Committee and Board.
      2. Internal County Committee on Millage Oversight (ICCMO):
         
        1. Refer to the ICCMO Charter for committee-specific details.
  2. Use of Millage Funds
     
    1. Compensation and Benefits
       
      1. Funds must directly address recruitment/retention challenges through:
         
        1. Competitive salary adjustments.
    2. Student Programs
       
      1. Proposals for program funding require:
         
        1. Measurable performance goals (e.g., graduation rates, proficiency gains) where deemed appropriate with a measurable outcome.
    3. Technology Enhancements
       
      1. Prioritize investments that:
         
        1. Modernize classrooms for the next generation of students.
  3. Compliance and Accountability
     
    1. Documentation:All expenditures require detailed records (purpose, vendor, outcome).
    2. Audits: Third-party audits will be published on the district website.
    3. Non-Compliance: Misuse of funds triggers repayment obligations and disciplinary action per District HR policies.
  4. Policy Review
     
    1. This policy shall be revisited annually by the Board to reflect legislative changes, voter feedback, ICCMO input, evolving District needs, as well as evaluation as to what is working and what is not working for the District.

Revised 3/10/26

© Brevard County Public Schools 2026