Capital vs Operational Funds

Change for Change
Fact 1: Improvements in Student Achievements
Fact 2: Job Opportunities and a Better Educated Workforce
Economic Health of the Community Workforce
Fact 4: Better Prepared for Natural Disasters

Capital Vs. Operational: What Is The Difference?


The district's budget has several different funds; each fund has rules about how the money in the fund can be spent. Two of the major funds in the district's budget are capital and operating.

Operating (General) fund-The operating, or general, fund provides most of the funds used for the day to day operations of the school district. The salary and benefits of most employees are paid from the operating fund, as well as overhead expenses such as electricity, materials and supplies for classrooms, and contracted services. The money in the operating fund comes mainly from the Florida Education Finance Program (FEFP), the state's formula for calculating money that goes to school districts. FEFP funds are generated from local property taxes and state revenue.

Capital fund-The capital fund is used to build and maintain District buildings and purchase furniture, buses, technology, and other equipment, as well as payment of debt. Money in this fund comes mainly from local property taxes, impact fees, and revenue received from the state. Because money in this fund is specifically allocated to build or maintain capital assets, salaries generally cannot be paid using this funding source.

$478 Million Dollar Clipart image

The GROWING Need

Operating (General) Fund

General Fund Graph

The resources of the General Fund are used primarily for salaries and benefits totaling just over $598 million or approximately 68% of the total estimated budget. Direct school expenditures and instructional support include expenses like:

  • Salaries and benefits of teachers and education paraprofessionals
  • Salaries and benefits of social workers, school nurses, guidance counselors, media specialists, and other classroom support personnel
  • Materials and supplies for classrooms
  • Training costs for teachers and others that educate children
  • Transportation
  • School principals and assistant principals

78% of the general fund budget goes to fund items like the ones listed above

Capital Fund

Capital Fund Graph
*Fund Balance includes amount for future planned projects 

View The Final Budget Summary

FY 2017-18 Final Budget - Summary

View The Complete Budget Book

FY 2017-18 Final Budget Book

 

For questions and concerns please email:
changeforchange@leeschools.net