2020 2020-21 1 Schoo hool l Bud udge get t Project rojected ed Revenu enues, es, Payroll roll an and d Benef nefits its Presenta esentation tion 3 3 Februar ebruary y 24, 4, 202 020 0
Bud udge get t Pr Prese esentations/Updat ntations/Updates es Febr bruary y 10 10: : Pre resentation ntation 1 & 1 & P Pre resentation ntation 2 2 1. . Budge udget t Devel elopm opmen ent t Proc roces ess s 2. . NYS S Aid d Upda date e Febr bruary y 24: : Pre rese sentatio ntation n 3 & 3 & P Pre resentation ntation 4 4 3. . Project jected ed Revenue enues, s, Pa Payroll oll and nd Bene nefits its 4. . Transpo ransporta tation tion – Flee eet t Repo port t March h 23: : Pre resentat ntation ion 5 5 Revenue ue Updat ate e and nd Expe penditures ditures Apr pril l 16: 6: Pre resentation ntation 6 6 (Board rd adopts pts budg dget) t) Ov Over ervi view, , Ad Adoptio ption n of f Budge dget t and nd Proper perty ty Tax x Repor ort t Card rd May y 11: : Pre resentation ntation 7 7 Publ ublic ic Hearin ring g on n Prop roposed osed Budge dget t 2 FN=Budget Presentation 2 – 2020-21 – February 24, 2020
Ou Outline tline Overview of Revenue Sources Update on the Tax Levy Cap Closer Look at Property Taxes, State Aid, Local Revenue Sources & Appropriated Fund Balance Total Revenue Update Payroll & Benefits Expense Next Steps … 3
Goals oals in the Budget Development Process Preserve student opportunities Stay within/below the tax cap threshold 4
~ ~&~ ~ Goals oals PORTRAIT OF A GRADUATE COLLABORATOR COMMUNICATOR CREATOR/ ~'W'S INNOVATOR ETHICALAND GLOBAL CITIZEN RESILIENT INDIVIDUAL ., PROBLEM SOLVER 5 LIFE-LONG LEARNER
Ex Examples amples of f Ne New w Cour ourse ses s Since ce 2014 4 6
Bud udge get t Consid onsideratio erations ns UNCERTAIN STATE AID UNFUNDED ? MANDATES- STAFFING MORE COMING? DEBT LOCAL SERVICE CONTRACTS BOCES BUDGET STUDENT BENEFITS ENROLLMENT SPECIAL NEW EDUCATION STUDENT NEEDS PROGRAMS 7
Esti tima mate e Deficient/ icient/Rollo ollover er Budg dget et In recent years, the rollover budget results in a structural imbalance. For the 2020-21 budget year, the projected deficit is $1,086,746. 8
Key P y Prop opose osed d Cuts ts Reduction in Communications Services $150,000 Teacher Retirement Savings $605,715 Employee Retirement Savings $126,485 Administrative Staff Reduction $189,686 Reduction in Worker’s Compensation Costs $ 14,860 Total $1,086,746 9
Revenue enue Sour ources ces LIBRARY BOND TAX REVENUE FROM .44% NON-TAX SOURCES 4.11% APPROPRIATED FUND BALANCE 2.29% TAX LEVY 66.09% STATE AID 27.06% 10
Tax x Cap p Levy y Hi Histor ory y Budge get t Actua Ac ual l Tax x Levy y Actual Ac ual Tax x Allow owable able Tax x Allow owable able Tax Pa x Payer er Year r Increase ease Levy y % % Cap p Levy y Tax C x Cap p % % Savings ngs Increase ease Increase ease Increase ease 2014-15 $ 980,844 1.73% $1,034,838 1.82% * $53,594 2015-16 $ 811,102 1.41% $811,192 1.41% $ 0 2016-17 $ 0 0% $244,846 .42% * $244,846 2017-18 $1,051,545 1.80% $1,051,545 1.80% $ 0 2018-19 $1,756,174 2.95% $1,796,574 3.02% * $40,400 2019-20 $1,648,633 2.69% $1,744,580 2.84% * $95,947 2020 2020-21 21 $1,636,339 36,339 2.60% % $1,797, 7,33 337 7 2.86% % * * $160,998 ,998 Total $7,884,727 1.88% $8,480,512 2.02% $595,785 *Five ive out t of f seve ven n years s under r the e all llowable able tax x cap p 11
Bu Budget et & & Tax ax Levy vy Ch Chan ange ge Hi Hist story y Budg dget et Tax x Lev evy y Year r Perc rcen ent t Increa rease se Perc rcen ent t Increa rease se 2019-20 2.45% 2.69% 2018-19 3.00% 2.95% 2017-18 2.17% 1.80% 2016-17 2.23% 0% 2015-16 2.68% 1.41% 2014-15 1.89% 1.73% 2013-14 3.02% 3.37% 2012-13 1.75% 2.72% 2011-12 .14% 3.67% 2010-11 .91% 3.07% Average Change Per Year Budg dget et Tax x Lev evy y Year r Perc rcen ent t Increa rease se Perc rcen ent t Increa rease se Last 5 Years 2.51% 1.77% Last 10 Years 2.02% 2.34% 12 Last 20 Years 4.25% 4.97%
13 2019-20 2018-19 2017-18 2016-17 2015-16 2014-15 ory y 2013-14 Histor 2012-13 2011-12 y His 2010-11 2009-10 Levy 2008-09 2007-08 ax Le 2006-07 Tax 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01 1999-00 20.00% 18.00% 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% -2.00%
Proper roperty ty Tax ax 2019-20 20 2020 2020-21 21 Dif ifferen rence ce % % In Increase ease School Tax $62,506,673 $64,143,012 $1,636,339 Levy Library Bond $ 429,450 $ 429,450 $ 0 Levy Total $62,936,123 $64,572,462 $1,636,339 2.60%* *2.86% allowable tax cap increase reduces levy by (.26%) or $161,000 14
St Stat ate e Aid id Projecti rojection on State Aid 2019-20 2020-21 State Aid State Aid Category Budget Reconciliation Difference Foundation Aid $ 15,963,941 $ 16,011,371 $47,430 Transportation $ 2,790,506 $ 2,817,500 $26,994 Excess Cost Public $ 1,055,116 $ 1,123,369 $68,253 Excess Cost Private $ 325,340 $ 247,061 ($78,279) BOCES Aid $ 1,738,619 $ 1,782,085 $43,466 Software/library/Textbooks $ 295,332 $ 296,566 $1,234 Computer Hardware $ 48,733 $ 50,544 $2,111 High Tax Aid $ 780,717 $ 780,717 $0 Supplemental Excess Cost $ 10,949 $ 10,949 $0 Building Aid $ 3,353,888 $ 3,148,177 ($205,711) Tot otal l $ $ 26,363,1 ,141 1 $ $ 26,268,6 ,639 9 ($94,5 ,502) ) 15
Revenue enue Non on-tax tax Sour ources ces 2019-20 20 2020-21 2020 21 Dif ifferen rence ce Budget Projection Increase $3,715,020 $ 3,991,556 $276,536 Success Story: About 71% ($2.85M) attributable to the following: Day Tuition other Districts: $2,315,538 Total Rental/Use of Buildings: $ 530,310 Other (Total $1,145,708): Payments in Lieu of Taxes, Interest & Penalties, Adult Education, Other Student Charges, Health Services, Revenue from other Districts, Interest & Earnings, Sale of Equipment, Refund of Prior Years Expenses, Miscellaneous, Inter-fund Transfers, Medicaid Reimbursement 16
Reserve e Uti tiliz lization ation 2019-20 20 2020-21 2020 21 Categor gory y Budget t Pro rojec ection tion Retirement Contribution Reserve $ 400,000 $ 400,000 (Employees Retirement System (ERS) Reserve) Retirement Contribution Reserve $ 0 $ 150,000 (Teachers Retirement System (TRS) Reserve EBALR Reserve $ 100,000 $ 100,000 (Employees Benefit Accrued Liability Reserve) Workers Compensation $ 25,000 $ 25,000 Debt Service $ 150,000 $ 150,000 Total $ 675,000 $ 825,000 17
Appr Ap propria opriated ed Fun und d Bal alanc ance e 2018-19 19 2019-20 20 Dif iffe fere rence ce Budget Projection Increase /(Decrease) $ 1,400,000 $ 1,400,000 $ 0 Fund d Bala lance ce: : A fund balance is created when the school district has money left over at the end of its fiscal year from either under spending the budget or taking in additional revenue. A. . Appropria propriated ed Fund d Bala lance ce: : Any portion of a district’s fund balance from the previous fiscal year that is applied as revenue to the district’s following year’s budget. This reduces the amount of money that must be generated by taxes. B. . Unapp appropriat priated ed Fund d Bala lance nce: : A school district is permitted to keep up to four percent of its fund balance in an unappropriated fund. This money may be used to pay for emergency repairs and other unforeseen occurrences. 18
Reven enue ue Reve venue nue Sourc rce e 2019-20 20 2020-21 2020 21 Dif iffe ference rence Revenue from Non-Tax Sources $ 3,815,000 $ 3,991,556 $ 276,536 State Aid $26,363,141 $26,268,639 ($ 94,502) Library Bond Levy $ 429,450 $ 429,450 $ 0 School Tax $62,506,673 $64,143,012 $1,636,239 Appropriated Fund Balance * $ 2,075,000 $ 2,225,000 $ 150,000 Total $95,089,284 $97,057,657 $1,968,373 19
Em Emplo ployee ee Salaries alaries 2019 19-20 20 2020 2020-21 1 Salari ries es Budge dget t Budge dget t Differe erence ce % % Change ge Tot otal al Salar arie ies s $45,802,259 $46,506,911 $704,652 1.54% 20
Emplo Em ployee ee Ben enef efits its 2019-20 20 2020 2020-21 1 Benefits fits Budget t Budget t Dif iffe fere rence ce % Change % nge Total otal Benefit fits s $21,976,844 $22,726,512 $749,668 3.41% Health, Dental, Vision Insurance, Social Security, Retirement, Workers Compensation, Unemployment, Disability and Life Insurance. Retirement TRS (Teachers Retirement System ) rates increase by .75% ERS (Employees Retirement System) rates increased by .10% Health Insurance, Rates are estimated to increase 2.55% resulting in a budget Dental/Vision increase of approximately $ 327,022 Workers Compensation Rates decreased by $14,860 or 2.99% 21
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