201 8 -19 Budget Proposal Budget Hearing and Regular Business - PowerPoint PPT Presentation

201 8 -19 Budget Proposal Budget Hearing and Regular Business Meeting Tuesday, May 1, 2018

2018 -2019 Budget Development… …The budget begins like pieces of a puzzle. Together with everybody’s input and collaboration, we fit the pieces together into a completed balanced budget.

10 Year Staffing and Student:Teacher Ratio 140 121 119 117 116 116 116 116 115 115 120 113 113 113 100 80 60 49 47 45 43 43 41 41 40 39 38 37 36 40 20 6.33 5.98 7.35 7.22 7.01 6.93 6.69 6.89 6.58 6.20 6.04 5.78 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 ERTA Assts-Aides Ratio

Salaries and Benefits: 62.8% of Budget $20,000,000 $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Expenditures $29,000,000.00 $28,232,922.00 $28,000,000.00 $27,592,226.00 $27,448,877.00 $27,000,000.00 $26,520,888.00 $26,450,000.00 $25,953,000.00 $26,000,000.00 $25,525,920.00 $25,064,299.00 $25,286,645.00 $25,000,000.00 $25,216,000.00 $25,132,776.00 $24,473,000.00 $24,000,000.00 $23,000,000.00 $22,000,000.00 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

PUZZLE : a problem designed to test ingenuity or knowledge.

Getting Started: Turning over the pieces… What is Important to Us? Students will learn through the • Professional highest quality instruction Development for General which recognizes each Ed Instruction (Building Capacity Within) student's strengths, talents, • Urban Suburban Program interests, learning styles and • IT Matters rates of learning, using • Summer Learning developmentally appropriate Opportunities (Budget Neutral) methods.

What Frames Us?.. S tudents First • Instructional Technology O pportunity Coach: Grades 6-12 • Outdoor Education: A chievement Middle School Summer Program (Budget Neutral) R esponsibility • Addition of One K-5 faculty member S trength • Addition of .4 Music position

Closing the Gap....... • Increase in Final State Aid (BOCES, Foundation Aid) • Increase in use of ERS Reserve • Increase in Budgeted Urban-Suburban Aid • Reduction of Building Budgets (Contractual & Supplies) • Reduction of Special Education Surplus for unplanned registrants • Reduction of Teaching Assistant positions • Reduction of .5 Technology/Industrial Arts

201 8-1 9 Budget Development Revenues Expenditures Salaries State Aid Benefits Balanced Budget Real Property Tax BOCES Services Reserves Debt Service Other Revenue Equipment Appropriated Fund Balance Contractual & Supplies

State Aid… . … understanding how our puzzle piece fits

17-18 18-19 State Aid Category BUDGETED PROPOSED STATE AID BUDGETED STATE AID Foundation Aid 6,409,492 6,531,272 Urban-Suburban Aid 96,395 175,000 High Tax Aid 325,321 325,321 Transportation 518,638 570,858 Building Aid 2,428,104 2,407,983 BOCES Aid 1,021,382 1,105,933 Public High Cost Aid 429,400 385,977 Private High Cost Aid 110,266 144,990 Software/Library/Textbook Aid 84,390 85,318 Hardware/Tech Aid 17,933 18,143 Universal Pre-K 156,349 156,349 Total Aid $11,597,670 $11,907,144 +309,474 +3%

State Aid $14,000,000 +$309,474 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- 2014-15 2015-16 2016-17 2017-18 2018-19 Budgeted State Aid

Pieces of the Revenue Puzzle State Aid $11,907,144 42% Real Property Tax

2018-2019 Tax Levy Limit Calculation Explanation/Details Tax Base Growth Factor 1.0019 Rates provided by OSC Allowable Levy Growth Factor 1.0200 Lesser of CPI (2.13%) or 2% Prior Year Tax Levy $13,723,746 2017-2018 Levy Prior Year Levy x Tax Base Growth $13,749,821 Factor Add: PILOTS Receivable for prior year $ 98,000 Roll 17-18 estimate (actual=$108,000) Adjusted Prior year Tax Levy $13,847,821 Adjusted Prior year Tax Levy x $14,124,778 Allowable Levy Growth Factor Less: PILOTS Receivable for Coming $ 108,000 Assessor validation & rate projected Year Available Carryover $0 Coming Year Local Capital Levy Share $0 Aid/Rev generated exceeds expenses 2018-2019 Exemptions $0 ERS/TRS rate changes – no exemption Maximum Allowable Levy $293,032 generated revenue or 2.14% $14,016,778

Tax Levy History & Proposed 18-19 Tax Levy 4 3.66% 3.5 3 2.74% 2.5 2.14% 2 1.48% 1.5 1 .49% 0.5 0 2014-15 2015-16 2016-17 2017-18 2018-19 2014-15 2015-16 2016-17 2017-18 2018-19

How would a 2.14% Levy Increase Impact the Tax Rate for 2018-19? % Levy Increase Revenue 17-18 Rate/1000 $ Change/1000 % Change/1000 Generated (Estimated)* 2.14% $293,032 $26.87 $.81 3.1% Avg. Cost of Exemption Change in Rate Increase in billed Increase in House in ER (STAR) amount monthly amount 108,500 0 $.81 $87.89 $7.32 108,500 30,000 $.81 $63.59 $5.30 108,500 63,300 $.81 $36.61 $3.05 * Estimated Rate based on tentative assessment data

Building the Revenue Puzzle State Aid Reserves $11,907,144 42% Real Property Tax $14,016,778 50%

201 8 -2019 Proposed Use of Reserves Reserve 2017-18 Adopted 2018-19 Proposed Budgeted Amount Budgeted Amount Mandatory Reserve for Debt $200,000 $200,000 Capital Reserve for Technology $140,000 $140,000 Capital Reserve for Equipment $ 80,000 $125,000 Unemployment Reserve $ 5,000 $ 9,000 Retirement Contribution Reserve $133,985 $165,000 Workers’ Compensation Reserve $ 93,825 $100,000 Total $652,810 $739,000

Reauthorization of Equipment Reserve Cur urrent Equi quipm pment Reserve Fun undi ding Amoun unt has be been Maxim imiz ized - $1 m Dep eposited ed Since 2 e 201 2. The e District cannot allocate f fut utur ure sur urpl plus us to pur purchase equi quipm pment w ithout ut a rea eauthorized ed res eser erve e The e Equipmen ent Res eser erve e is Used ed for Infrastructure R e Rep epairs and the Pur urchase of Equi quipm pment Use e of Equipmen ent Res eser erve e Hel elps to Stabilize e the B e Budget et

Reauthorization of Equipment Reserve Recom ommended Prop opos osition on: Capi pital Reserve Fun und for the he Pur urcha hase of Equi uipm pment RES ESOLVED ED, that at th the Bo Board of of Education of of th the East Rochester Union on Fr Free School ool Dis istric ict be be aut utho horized to to establish sh a Cap apital al Res eser erve fu fund in in order er to to def efray th the cost of of th the pur purchase of of fur urnishi hings an and equi uipm pment an and, in in order er to to acco ccomplish th the sa same, sa said Bo Board is is her ereb eby aut utho horized to to establish sh th the ulti timate te am amount of of su such Reserve Fu Fund to to be be $1 ,000 00,000 000 w ith th a proba babl ble ter erm of of tw tw enty ty yea ears an and to to appr ppropr priate fu funds of of sa said School ool Dis istric ict to to su such Res eser erve Fu Fund.

Building the Revenue Puzzle Reserves $739,000 State Aid 3% $11,783,327 42% Real Property Tax $14,016,778 50% Other Revenue

Other Revenue Source 2017-18 Adopted 2018-19 Budgeted Amount Proposed Amt PILOT (Payments in Lieu of Tax) $92,000 $108,000 Non-Property Tax – Monroe County Sales Tax $850,000 $850,000 Admissions/Student Fees $ 5,000 $ 5,000 Interest & Earnings $ 10,000 $ 20,000 Rental of Real Property $ 6,000 $ 7,000 Rental of Real Property - BOCES $ 150,000 $ 75,000 Miscellaneous – Swim Revenue; E-Rate $ 60,000 $ 60,000 Medicaid $ 45,000 $ 45,000 Total $1,218,000 $1,170,000

Building the Revenue Puzzle Reserves $750,480 Appropriated State Aid 3% Fund Balance $11,783,327 42% Real Property Tax $14,016,778 Other Revenue 50% $1,170,000 4%

Appropriated Fund Balance Source 2017-18 Adopted 2018-19 Proposed Budgeted Amount Budgeted Amount Appropriated Fund Balance $400,000 $400,000

The Revenue Puzzle Pieces Total = $28,232,922 Reserves Appropriated $739,000 State Aid Fund Balance 3% $11,907,144 $400,000 42% 1% Real Property Tax $14,016,778 Other Revenue 50% $1,170,000 4%

Other Revenue Appropriated Fund 4% Balance 1% Reserves 3% State Aid 42% Property Tax 50% State Aid Property Tax Reserves Other Revenue Appropriated Fund Balance

Total Revenue Summary 2017-18 2018-19 $ Change % Change State Aid (incl U-S) $11,597,670 $11,907,144 $309,474 2.7% Real Property Tax $13,723,746 $14,016,778 $293,032 2.1% County Sales Tax $ 850,000 $ 850,000 $0 0% Reserves $652,810 $ 739,000 $86,190 13.2% Other Revenue $368,000 $ 320,000 ($48,000) (13.0%) Appropriated Fund $400,000 $400,000 $0 0% Balance Total $27,592,226 $28,232,922 $640,696 2.3%

201 8-1 9 Budget Development Revenues Expenditures Salaries Benefits State Aid Balanced Budget BOCES Services Real Property Tax Debt Service Reserves Equipment Other Revenue Contractual & Supplies Appropriated Fund Balance

1 8 -19 Budget Appropriations Puzzle Salaries $10,772,600 38.2%