BUDGET PRESENTATION Champlain Valley Educational Services 2018 ‐ 19 CVES Annual Board Meeting – April 11, 2018
Budget Committee Budget Committee Agenda Members: • Welcome & Agenda Review Leisa Boise Lori Saunders • Review 2018 ‐ 19 Budget Calendar Linda Gonyo ‐ Horne • 2018 ‐ 19 Budget Development Factors Dr. Mark C. Davey – Health Insurance, Benefits, Salaries Dr. Hollis Palmer Reggie McDonald • Governor Cuomo Executive Budget for 2018 ‐ 19 Michele Friedman Teri Calabrese ‐ Gray • 2018 ‐ 19 “Draft” Budget Proposals Christine Myers • CVES Capital Project Planning 2
CVES Budget Calendar 2018-19 BUDGET PROCESS/TIMELINE October 10, 2017 Directors Start 2017/18 Budget Reconciliation Process with Christine/Hollis November 1, 2017 Budget Committee Meets to Discuss Budget Development 7:00 p.m., ISC December 6, 2017 Budget Committee Meets to Review 2017/18 Budget Reconciliations, 7:00 p.m., ISC and Set Parameters for the 2018-19 Budget Development December 13, 2017 Board of Cooperative Educational Services Meeting Review December 6 th Budget Committee Meeting Highlights 6:30 p.m., Spec. Ed Gym December 21, 2017 Directors Submit Initial Budgets for Preliminary Review January 22, 2018 Budget Committee Meets to Review 2018/19 Draft Budgets 6:30 p.m., ISC Draft Budget Booklets Sent to Print Shop for February 14 th Board Meeting January 26, 2018 February 14, 2018 Board of Cooperative Educational Services Mtg; Presentation of Draft Budgets Review January 18 th Budget Committee Meeting Highlights 6:30 p.m., ISC February 16, 2018 Review Costs with Chief School Officers 9:00 a.m., Mineville Budget Development PowerPoint March 9, 2018 Budget Booklet Sent to Print Shop for Printing March 30, 2018 Mail Budget Booklets to All Component School Board Members April 11, 2018 Annual Board of Cooperative Educational Services Meeting 6:30 p.m., ISC April 26, 2018 Component Districts Vote on Administrative Budget/Board Members April 27, 2018 Deadline for Component Districts to Notify CVES of Intent to Participate in Shared Services and Identify Those Services (Return Final Requests) May 9, 2018 CVES Board Considers Approving Budget 6:30 p.m., Mineville 3
Budget Development Factors Factors Affecting Budget Development Health Insurance Premium Increases Changes in TRS & ERS Rates Contractual Salary Obligations 4
Factors Affecting Budget Development Health Insurance Premiums Preliminary increase of 14% used for budgets (Combined with 17 ‐ 18 mid ‐ year increase plus 14%, increase in 18 ‐ 19 costs is approx. 19.5%) CEWW Health Insurance Consortium Board approved 18 ‐ 19 premium increases at 13.5% on March 15 th . Change in ERS & TRS Rates (ERS = Employee Retirement System, TRS = Teacher Retirement System) ERS rate decreased from 14.50% to 14.10% TRS rates increased from 10.50% to 10.63% Contractual Salaries Average contractual salary increase – 3% 5
Governor’s 18 ‐ 19 Executive Budget Summary Limiting factors affecting our CVES’ and our Component District’s Budget Development NYS Tax Cap Continuation (Challenges of 2% Cap for all districts) • State Aid Foundation Aid Formula Inequity • Many CVES districts appear wealthier due to high real estate values vs. low income Governor's 18 ‐ 19 School Aid Increases were lower than hoped for … • – Executive Budget included a $769 million (3%) increase for education – Only $338 million of the increase was for additional Foundation Aid – Actual Foundation Aid after Community Schools $50 million set ‐ aside to 700 NYS districts was approx. (1.2%) There was a proposed limit for Component Districts future • BOCES/State Aid ‐ Recommended capping future BOCES Aid, Transportation & Building Aid at a 2% cap starting in 2019 ‐ 20 6
Governor’s Executive Proposal of Budget Limiting New Approach for 2018 ‐ 19 Distribution of Proposed Limitation of Capping BOCES Aid SOURCE : NYSCOSS analysis and chart of NYSED School Aid data. 7
Other Contributing Budget Voices for 18 ‐ 19 NYS Comptroller Thomas DiNapoli (Jan. 2018) • Comptroller DiNapoli predicted a NYS Budget Deficit to be $4.4 Billion – Concerns highlighted about the Federal Tax changes impact on NYS for property – taxes, health care, etc. Led to discussion of a potentially new NYS Payroll Tax. NYS Educational Conference Board (Dec. 2017) • Provide $2 Billion in State Aid Increases for 2018 ‐ 19; Update the Foundation Aid – formula with an implementation timeline; Modify Tax Cap for allowable growth factors & Approve BOCES Capital Cost Exclusion s NYS Rural Schools Association Budget Testimony (Jan. 2018) • Provide sufficient State Aid of $1.5 Billion; Provide a Legitimate State Aid Formula – including improved Foundation Aid; Allow for Reasonable Reserves for Schools NYSED Board of Regents Budget/Legislative Priorities (Dec. 2017) • Proposed a $1.6 Billion increase in Funding for Schools including $1.25 Billion for – Foundation Aid; Continued Phase ‐ In of Foundation Aid; Provide for Statutory Reimbursement ‐ Based Aid; also… CTE Program Expansion ($25 million); Universal Pre ‐ K Increase ($20 million) – 8
Final Approved 2018 ‐ 19 NYS Budget Summary for Education Overall Education Increase is $859 million (3.4%) in School Aid, up • from $769 million The Budget fully funds Expense ‐ Based Aids • – Rejects the proposal to cap growth in BOCES, Building and Transportation Aid commencing in 2019 ‐ 20 The Foundation Aid increase is $619 million (3.7% increase) • – It is a +$281 million increase over the original $338 million Foundation Aid The Budget modifies and expands Governor Cuomo’s Budget • Authority (phased in over the next three years to all districts) Requires 15 school districts to gain approval by NYSED and the Division of Budget for – the methodology they use to allocate funds among their schools, or the Districts may be denied any increases in State Aid. 2018 ‐ 19 applies to districts with 4 or more schools and 50% or more total revenue from the State; 2019 ‐ 20 applies to all districts with 4 or more schools; 2020 ‐ 21 applies ALL districts 9
FINAL NYS Budget Summary for 2018 ‐ 19 for CVES Component Districts 2018-2019 State Aid Changes - Based on Initial Information Comparison of Executive Budget Proposal And FINAL APPROVED 2018-19 STATE APPROVED BUDGET on March 29, 2018 (State Aid Runs 1/16/18 vs. 3/29/2018) FINAL 2018 - 2019 JAN. 2018-2019 FINAL AMT 2018-2019 2018-2019 FINAL Net Foundation Aid Incr./(Decr.) Incr./(Decr.) Incr./(Decr.) % Increase Net Change Incr. / (Decr.) W/O Building Aid W/O Building Aid Jan/FINAL 18-19 vs. 17-18 AuSable Valley $ 312,195 $ 235,702 $ 429,468 $ 193,766 3.20% Beekmantown $ 486,724 $ 629,024 $ 587,679 $ (41,345) 3.68% Chazy $ 99,623 $ 115,329 $ 162,697 $ 47,368 4.16% Crown Point $ 129,060 $ 242,887 $ 282,236 $ 39,349 6.52% Elizabethtown-Lewis $ 135,965 $ 133,713 $ 168,415 $ 34,702 4.99% Keene $ 17,339 $ 8,659 $ 24,181 $ 15,522 3.41% Moriah $ 266,018 $ 141,752 $ 364,118 $ 222,366 3.62% Northeastern Clinton $ 402,965 $ 392,664 $ 581,627 $ 188,963 3.79% Northern Adirondack $ 235,989 $ 190,009 $ 304,858 $ 114,849 2.38% Peru $ 481,326 $ 885,893 $ 1,159,567 $ 273,674 5.19% Plattsburgh City $ 269,076 $ 239,061 $ 285,366 $ 46,305 1.70% Putnam $ 77,246 $ 70,680 $ 89,010 $ 18,330 22.84% Saranac $ 417,596 $ 570,952 $ 752,842 $ 181,890 4.34% Schroon Lake $ 28,463 $ 1,203 $ 27,748 $ 26,545 2.76% Ticonderoga $ 141,386 $ 150,922 $ 259,426 $ 108,504 4.14% Westport $ 29,859 $ 36,545 $ 62,518 $ 25,973 3.09% Willsboro $ 32,564 $ 37,830 $ 66,269 $ 28,439 3.12% $3,463,394 $ 4,082,825 $ 5,608,025 $ 1,525,200 10
2018 ‐ 2019 Budgets Change in Co ‐ Ser Rates by Division Special Education Division Instructional Services Center CV ‐ TEC Management Services Administrative & Capital 11
2018 ‐ 19 Budget Costs Summary Special Education 12
2018 ‐ 19 Budget Costs Summary Instructional Services Center 13
2018 ‐ 19 Budget Costs Summary CV ‐ TEC 14
2018 ‐ 19 Budget Costs Summary Management Services 15
2018 ‐ 19 Administrative & Capital Budget Summary Administrative Budget Administrative Budget Without Retiree Health Insurance Increase of 0.95%, or $11,475 • Administrative Budget With Retiree Health Insurance Increase of 22.27%, or $929,657 • The total cost of increase in retiree health insurance is $918,182. • Increase for existing retirees is $656,381 • Increase for new retirees is $261,801 • Capital Budget Capital budget decrease of 0.95%, or $5,280 • RWADA – Distribution of Administrative & Capital Costs 16
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