2020-2021 School District Budget Development Discussion Brian D. Russ, Superintendent Joanne M. George, Business Administrator Board of Education Meeting May 6, 2020
Agenda • East Aurora UFSD Values & Vision • Budget Development Considerations • Tax Levy Limit Calculations • Tax Levy, Tax Rate and Equalization • Projected Revenue & Expenditure • Budget Development Calendar
Budget Development We must remember: This is about more than reductions and balancing a budget. This is about determining how to best live our Values as we chart an ambitious and sustainable Vision ; upholding the integrity of our District as we strive to continue to provide excellent quality programs, environments, and experiences for our students, staff and community, both today and into the future
Considerations for the Budget Process • We are completely and unwaveringly committed to serving the interests of our students . • We are committed to exercising care and good judgment in managing the resources with which we are entrusted with, by our Community . • We are committed to conducting our business in an open, objective, and professional manner. • We are committed to constant improvement and future-focused planning.
Tax Levy Limit Calculation 2020-2021 Budget Planning 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 Calculation Actual Actual Proposed Projected Projected Projected Real Property Tax Levy – Prior Yr $20465,729 $21,589,140 $22,550,127 $23,724,073 $24,395,350 $24,957,156 Tax Base Growth Factor 1.085 1.0090 1.0104 1.0093 1.0093 1.0093 PILOTS – Prior Year $42,850 $23,985 $12,325 $25,084 $25,836 $0 Capital Exclusion – Prior Year $0 $516,936 $846,151 $1,401,025 $1,529,206 $1,507,204 Allowable Growth Factor 1.0200 1.0200 1.0181 1.0143 1.0143 1.0143 PILOTS – New Year $23,985 $12,325 $25,084 $25,836 $0 $0 Tax Levy Limit Before Exclusions $21,072,204 $21,703,976 $22,323,048 $22,866,144 $23,449,952 $24,021,213 Capital Exclusion – New Year $516,936 $846,151 $1,401,025 $1,529,206 $1,507,204 $1,457,973 Tax Levy Limit $21,589,140 $22,550,127 $23,724,073 $24,395,350 $24,957,156 $25,479,186 Dollar Amount Change $1,123,411 $960,987 $1,173,946 $671,277 $561,805 $522,030 Percent Increase 5.49% 4.45% 5.21% 2.83% 2.30% 2.09% Tax Cap Compliant Legislative Change - BOCES Capital Exclusion = 0.4% Increase - $88,568 Tax Base Growth Factor = .99% Increase - $234,521
Tax Levy Limit Calculation Long-Range Budget Planning 2018-2019 Budget Planning Forecasted as: 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23-24 15-16 Actual Actual Actual Projected Projected Projected Projected Projected Actual 2.56% 0.96% 6.90% 5.49% 2.74% 7.23% 1.76% 1.94% 1.78% 2019-2020 Budget Planning using $450,000 Appropriated Fund Balance Forecasted as: 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23-24 Actual Actual Actual Actual Actual Projected Projected Projected Projected 2.56% 0.96% 6.90% 5.49% 4.45% 4.75% 2.15% 2.18% 2.03% 2020-2021 Budget Planning Forecasted as: 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23-24 Actual Actual Actual Actual Actual Projected Projected Projected Projected 2.56% 0.96% 6.90% 5.49% 4.45% 5.21% 2.83% 2.30% 2.09% BOCES Capital Exclusion New Legislation
East Aurora Union Free School Tax Rate History and Projection 2017-2018 2018-2019 2019-2020 2020-2021 Tax Levy Actual Actual Actual Proposed EAUFSD $20,465,729 $21,589,140 $22,550,127 $23,724,073 2017-2018 2018-2019 2019-2020 2020-2021 Town Equalization Equalization Equalization Equalization Est. As of 5/6/20 Aurora 35.00% 35.00% 32.50% NYS has Not posted Colden 41.00% 40.00% 37.00% New Rates Elma 4.28% 4.10% 4.10% Assuming 2017-2018 2018-2019 2019-2020 2020-2021 Equalization Town Actual Rate Actual Rate Actual Rate Estimated Rate Rates Remain Aurora $40.13 $42.58 $44.38 $46.22 the same and Colden $34.26 $37.26 $38.98 $40.60 1.0104% Assessment Elma $328.16 $353.52 $351.77 $366.39 Growth in Projected Rate Increases - 4.15% Aurora
Expenditure Proposal GAP Remaining = $ (0.00) as of today 2019-20 2020-21 Year-Year Year-Year 2021-22 2022-23 2023-24 Expense Category Adopted Proposed $ Change % Change Projected Projected Projected Salaries 15,643,807 16,289,277 645,470 4.13% 17,516,124 18,197,568 18,917,908 Fringe Benefits 6,258,618 6,235,011 (23,607) -0.38% 6,417,011 6,490,700 6,565,772 Equipment 96,000 151,000 55,000 57.29% 111,000 151,000 151,000 Supplies 622,630 588,930 (33,700) -5.41% 623,930 623,930 623,930 Contractual 2,368,784 2,266,952 (101,832) -4.30% 2,428,271 2,406,149 2,424,609 State Aided/Tuition 639,073 639,073 0 0.00% 639,073 639,073 639,073 BOCES 4,796,050 5,517,880 721,830 15.05% 5,776,064 5,949,347 6,127,825 Transportation 1,953,084 2,027,054 73,970 3.79% 2,068,003 2,109,644 2,152,095 Sub Total 32,378,046 33,715,177 1,337,131 4.13% 35,579,476 36,567,411 37,602,212 Debt Service/Interfund 3,953,808 4,522,203 568,395 14.38% 4,478,688 4,442,163 4,390,538 TOTAL 36,331,854 38,237,380 1,905,526 5.24% 40,058,164 41,009,574 41,992,750
Proposed Revenue GAP Remaining = $ (0.00) – as of today Based on Newest State Aid Runs Budget plus anticipated additional Building Aid 2019-20 20-21 Dollar Percent 21-22 22-23 23-24 Revenue Category Adopted Proposed Change Change Projected Projected Projected Property Tax Items 22,574,452 23,761,157 1,186,705 5.26% 24,432,434 24,969,156 25,491,186 State Aid less Building 7,598,983 8,106,167 632,754 8.33% 8,231,737 8,231,737 8,231,737 Aid State Aid – Building Aid 2,711,771 2,766,048 76,714 2.83% 2,788,485 2,788,485 2,788,485 Sales Tax 2,000,000 2,100,000 100,000 5.00% 2,100,000 2,100,000 2,100,000 Miscellaneous Revenue 578,500 722,680 144,180 24.92% 722,680 722,680 722,680 Appropriated Reserves 0 361,977 361,977 100% 0 0 0 Appropriated Fund 868,148 418,148 (450,000) -51.83% 418,148 418,148 418,148 Balance TOTAL 36,331,854 38,237,380 1,948,356 5.36% 38,693,484 39,280,206 39,852,236 Use of Reserves- Debt Service $258,003; ERS $51,987; TRS $51,987
So…What Is Next? • Anticipated State Aid Reduction – May 15, 2020 • Anticipated State Aid Reduction – June 30, 2020 • Anticipated State Aid Reduction – December 31, 2020 • May 12, 2020 Deadline for First of Two Public Notifications • May 19 – May 26, 2020 – Make Budget available to the Public • May 21, 2020 – Deadline for Adopting the Budget • May 22, 2020 – Property Tax Report Card Due • May 26 – June 2, 2020 – Remote Budget Hearing • June 3, 2020 – Deadline for mailing Budget Notice • XX/XX/XX - Mailing of Absentee Ballots • June 9, 2020 – Budget Vote
2020-2021 Budget Development Calendar December 11, 2019 Preliminary Budget Presentation January 15, 2020 Budget Workshop February 12, 2020 Budget Workshop March 1, 2020 Submit calculation for tax levy limit March 11, 2020 Budget Workshop March 25, 2020 Budget Workshop April 8, 2020 Budget Workshop – Potential Adoption of School District Budget & Property Tax Report Card May 6, 2020 Board Meeting, Budget Presentation April 23 May 21, 2020 Adoption of School District Budget & Property Tax Report Card - No Later Than April 24 May 22, 2020 Submit Property Tax Report Card April 29 May 19 - May 26, 2020 Budget Document Available May 6 May 26 - June 2, 2020 Hold Hearing on Proposed 2019-2020 Budget May 13 June 3, 2020 Mail Out Budget Notice – Last date to May 19 June 9, 2020 Annual Budget Vote
Discussion • Board of Education Priorities • Board of Education Direction on Budget Development
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