2020-2021 Budget Presentations: February 20, 2020 March 5, 2020 - PowerPoint PPT Presentation

Monticello Central School District 2020-2021 Budget ❖ Presentations: ❖ February 20, 2020 ❖ March 5, 2020 ❖ March 19, 2020 ❖ April 2, 2020 ❖ April 21, 2020

Budget Presentation Meeting ❖ Budget Meeting ❖ By law the Board of Education makes the final decision of any budget being presented to the public for voter approval ❖ The Board solicits public input using current meeting process ❖ Our goal - transparent budget process ❖ Everyone will be heard and respected ❖ Please, no individual agendas ❖ We are not here to debate each other ❖ We will attempt to answer questions. If we do not have the answer, we will attempt to provide a response at the following Budget Presentation Meeting ❖ Please comment in context 2

General Support / Undistributed MONTICELLO CENTRAL SCHOOL DISTRICT 2020-2021 PROPOSED BUDGET DATA UNDISTRIBUTED 2019-20 2018-19 2017-18 2020-21 2019-20 DOLLAR EXPENSES EXPENSES TOTAL DESCRIPTION CONT'L SUPPLIES PROPOSED ADOPTED CHANGE THRU 1/31 EXPENSES EXPENSES BOARD OF EDUCATION 30,000 9,000 $39,000 $37,500 $1,500 $16,596 $36,658 $17,659 DISTRICT CLERK 500 $500 $500 $0 $0 $146 $50 DISTRICT MEETING 15,000 5,000 $20,000 $15,000 $5,000 $7,015 $15,419 $19,893 CHIEF SCHOOL ADMIN 17,650 5,250 $22,900 $22,900 $0 $12,004 $22,832 $19,392 BUSINESS ADMIN 24,300 5,500 $29,800 $26,800 $3,000 $10,266 $23,665 $25,587 AUDITING 76,000 $76,000 $71,000 $5,000 $29,850 $79,200 $96,747 TAX COLLECTOR 28,000 2,500 $30,500 $30,500 $0 $12,458 $25,992 $20,933 FISCAL AGENT FEES 24,000 $24,000 $24,000 $0 $3,117 $8,373 $13,771 LEGAL 198,000 $198,000 $183,000 $15,000 $129,757 $277,851 $147,321 UNALLOCATED INSURANCE 324,500 $324,500 $317,871 $6,629 $296,781 $281,452 $288,285 SCHOOL ASSOC DUES 15,000 $15,000 $15,000 $0 $12,327 $11,614 $11,397 JUDGEMENTS & CLAIMS 5,000 $5,000 $5,000 $0 $0 $0 $0 ASSESS ON SCHOOL PROPERTY 30,000 $30,000 $30,000 $0 $17,273 $28,245 $19,532 REFUND REAL PROPERTY 50,000 $50,000 $50,000 $0 $2,429 $8,992 $29,140 TOTAL $837,450 $27,750 $865,200 $829,071 $36,129 $549,871 $820,439 $709,706 4.36% 3

Debt Service MONTICELLO CENTRAL SCHOOL DISTRICT 2020-2021 PROPOSED BUDGET DATA DEBT SERVICE 2019-20 2018-19 2017-18 2020-21 2019-20 DOLLAR EXPENSES TOTAL TOTAL DESCRIPTION PROPOSED ADOPTED CHANGE THRU 1/31 EXPENSES EXPENSES SERIAL BOND PRINCIPAL $2,361,584 $3,805,000 ($1,443,416) $3,805,000 $3,705,000 $3,515,000 SERIAL BOND INTEREST $250,575 $131,120 $119,455 $131,119 $295,125 $469,188 BUS BAN PRINCIPAL $0 $110,000 ($110,000) $110,000 $110,000 $110,000 BUS BAN INTEREST $0 $2,500 ($2,500) $3,619 $3,236 $6,600 EPC Principal $316,660 $310,050 $6,610 $154,207 $303,580 $297,245 EPC Interest $37,070 $43,676 ($6,606) $22,655 $50,146 $56,481 SUB TOTAL $2,965,889 $4,402,346 ($1,436,457) $4,226,600 $4,467,086 $4,454,513 TRANSFER TO FEDERAL 175,000 $175,000 $0 $0 $359,863 $604,281 TRANSFER TO CAPITAL 200,000 $200,000 $0 $0 $93,337 $0 SUB TOTAL 375,000 375,000 0 0 453,200 $604,281 TOTAL $3,340,889 $4,777,346 ($1,436,457) $4,226,600 $4,920,286 $5,058,793 -30.07% 4

Benefits MONTICELLO CENTRAL SCHOOL DISTRICT 2020-2021 PROPOSED BUDGET DATA BENEFITS 2019-20 2018-19 2017-18 2020-21 2019-20 DOLLAR EXPENSES TOTAL TOTAL DESCRIPTION PROPOSED ADOPTED CHANGE THRU 1/31 EXPENSES EXPENSES EMPLOYEE'S RETIREMENT $1,133,660 $1,363,680 ($230,020) $559,468 $973,169 $984,838 TEACHER'S RETIREMENT $2,943,186 $3,329,595 ($386,409) $1,192,921 $3,278,095 $3,203,422 SOCIAL SECURITY $2,995,821 $2,956,615 $39,206 $1,353,139 $2,808,499 $2,721,862 WORKERS COMPENSATION $963,000 $963,000 $0 $958,038 $898,107 $1,158,986 UNEMPLOYMENT INSURANCE $35,000 $70,000 ($35,000) $15,541 $17,317 $17,674 DISABILITY INSURANCE $25,000 $25,000 $0 $16,223 $40,435 $14,669 HEALTH INSURANCE $9,802,465 $9,774,357 $28,108 $4,978,177 $9,025,597 $8,528,375 DENTAL INSURANCE $613,523 $600,553 $12,970 $527,058 $547,108 $522,418 UNION WELFARE BENEFIT $1,900,000 $1,700,000 $200,000 $626,073 $1,434,892 $1,339,040 TOTAL $20,411,655 $20,782,800 ($371,145) $10,226,638 $19,023,219 $18,491,284 -1.79% 5

Questions and Answers Upcoming Budget Meeting: Dates to Remember: ❖ Tuesday, April 21 st @ 7 p.m. ❖ May 7 th – Budget Hearing Topics: Adoption of Budget ❖ May 12 th – Voter Registration Day ❖ May 19 th – Annual Meeting & Budget Vote www.monticelloschools.net 6