2020-21 Budget Presentation 2 How We Arrived to a New Decade April 21, 2020 Coxsackie-Athens Central 1
Taxes & State Aid 2019 — 20 2020-21 $ Change % Change State Aid $11,040,829 $11,544,772 $503,943 4.56% Taxes $17,949,247 $18,342,641 $393,394 2.19% Tax Levy Revenue 1.00% $179,492 2.00% $358,984 2.19% $393,394 3.00% $538,476 4.00% $717,968 5.00% $897,460 5.61% $1,006,950 Coxsackie-Athens Central 2
2020-21 BUDGET EXPENDITURES $33,818,634 REVENUE $13,143,262 TAX LEVY @ cap $18,342,641 APPROPRIATED FUND BALANCE $1,625,000 APPROPRIATED RESERVES $100,000 TOTAL REVENUE 33,210,903 SHORTFALL $607,731 Coxsackie-Athens Central 3
Exceed the Cap? • Total levy at cap: 2.19% or $393,394 • Additional levy needed: 3.41% or $612,067 • Total Levy to offset Gap: 5.60% or $1,005,461 Tax Levy Revenue 1.00% $179,492 2.00% $358,984 2.19% $393,394 3.00% $538,476 4.00% $717,968 5.00% $897,460 5.61% $1,006,950 4
Unknown • Revenue Cuts – Governor has authority to make further cuts to state aid at the end of April, fall and winter. – Could amount to at least $263,000 or more Equals amount of CARES federal stimulus • • Build up now and utilize unrestricted fund balance to cushion any cuts during the year – Savings from: Less subs, transportation savings, no field trips, etc. • 5
Potential Cuts & Reductions ITEM ACTION POTENTIAL $$$ SAVINGS BOCES Services Eliminate services $46,000 Equipment, PD, contracts Reduce $25,300 Transportation Bus runs $104,000 Personnel Cuts $440,700 Reduce hours/days/stipends TOTAL $616,000 Coxsackie-Athens Central 6
Impact • Class sizes will remain at or below current levels. • No loss of student program offerings. • Shift to district-wide RtI model to better utilize personnel. • Ready for future rLearning scenarios 7
Next Steps • Await potential loss of aid at end of April or other limits on revenue. • Finalize appropriation of federal funds. • Finalize special education services. • Present full proposal at TBD budget workshop in May. • Await state guidance on budget voting. • Budget vote? In June. 8
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Personnel 1999-00 2019-20 Administrators, Supervisors 12 13 Teachers, nurses, counselors 129 129 Aides & Assistants 21 46 Clerical, MC 16 12 Custodial 13 15 Enrollment 1,592 1,244 Coxsackie-Athens Central 10
Changes in Budget 8.00% 7.46% 7.00% 6.04% 6.01% 6.00% 5.00% 4.25% 3.44% 3.53% 3.54% 4.00% 3.39% 3.00% 2.10% 1.57% 1.49% 1.45% 2.00% -0.04% 1.00% -0.96% 0.00% -1.00% Coxsackie-Athens Central 11
State Aid as % of Budget 50% 45% 40% 35% 37% 36% 35% 37% 35% 32%30%30% 32% 31% 32% 34% 34% 34% 34% 30% 25% 20% Coxsackie-Athens Central 12
Changes in Levy 5.00% 4.91% 3.85% 3.67% 4.00% 3.41% 3.35% 3.25% 3.04% 2.99% 2.99% 3.00% 2.56% 1.77% 1.71% 2.00% 1.05% 1.00% 0.00% -0.55% -1.00% Coxsackie-Athens Central 13
Dollar Change 18 16 14 12 $2.33M 10 Salaries Health 8 Retirement 6 4 $1.26M 2 -$848K 0 2014-15 2020-21 Coxsackie-Athens Central 14
Percentage Change 40 30 33% 20 10 18% Health Salaries 0 2014-15 2020-21 Retirement -10 -35% -20 -30 -40 Coxsackie-Athens Central 15
Dollar Change 4 3.5 3 $1.5M 2.5 SPED 2 TRANS 1.5 $776k 1 0.5 0 2014-15 2020-21 Coxsackie-Athens Central 16
Percentage Change 0.8 0.7 0.6 0.5 76% SPED 0.4 Transport 0.3 48% 0.2 0.1 0 2014-15 2020-21 Coxsackie-Athens Central 17
Big 3 Expenditures + Two 2019 — 20 2020-21 $ Change % Change Salaries $15,108,128 $15,480,356 $372,228 2.5% Health Ins. $4,841,331 $5,023,966 $182,635 3.7% Retirement $1,449,573 $1,577,221 $127,648 8.8% Transport $2,165,881 $2,407,872 $242,291 11.1% Special Educ. $3,146,883 $3,514,846 $367,963 11.7% Coxsackie-Athens Central 18
Dollar Change 24 22 $2.74M 20 18 Big 3 $1.86M 16 Taxes 14 State Aid 12 10 $2.79M 8 2014-15 2020-21 Coxsackie-Athens Central 19
Percentage Change 35 30 25 31% 20 State Aid Big 3 15 Taxes 14% 10 5 11% 0 2014-15 2020-21 Coxsackie-Athens Central 20
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