Canastota Central School District Budget Presentation 2020-2021 - PowerPoint PPT Presentation

Canastota Central School District Budget Presentation 2020-2021

Major District Initiatives • CSI/Target District Status – Capacity Building • District Data/Goal Process – Phase II Implementation • K-12 Curriculum Alignment • Engage Canastota – Community Connection Process • Special Education Program Review – Implementation • RTI/Academic Intervention Services Review • Focus on Mental Health Services • Remote Learning Enhancement • Badging/Micro-Credential Rollout – Regional Business Connections 5/21/20 2

Factors Impacting 2020-21 Budget Development • Flat Foundation Aid Number – Same as 2019-20 Allocation • $10,672,278 Foundation Aid • $405,003 Pandemic Adjustment by NYS - Decrease • $405,003 Federal CARES Restoration - Increase • Budget Timelines Altered/Condensed • Lookback Periods – Budget Uncertainty • June 30, 2020 & December 31, 2020 • Federal Stimulus Funding for Schools? • Status of Educational System in 2020-21 5/21/20 3

Budget Components • Program – Teachers, TAs, Special Education, Athletics, Library, Nursing, Guidance, BOCES, Transportation • Capital – Maintenance, Custodial, Debt Service, Capital Outlay • Administrative – BOE, Administrators, Auditing, Legal, BOCES Admin, Professional Development, Personnel, Business Office, Data, Taxing 5/21/20 4

2020 – 2021 Proposed Budget Summary 2020-21 Budget Component 2019-20 Budget Proposed Budget Program 23,468,700 23,913,766 Capital 4,883,539 4,445,598 Administration 2,893,532 3,254,584 TOTAL BUDGET 31,245,771 31,613,948 1.18% 5/21/20 5

Canastota Central School District 2020 – 2021 Budget Summary * - Budget Components Using Different Accounting Method PROGRAM BUDGET COMPONENT = 75.6% of the budget and is increasing by 445,066 PROGRAM BUDGET COMPONENT 2019-20 2020-21 Teaching Regular School 6,776,947 7,221,124 Teaching Students with Disabilities 5,333,457 4,988,264 * Co-Curricular and Athletics 530,335 545,505 Computer Assisted Education 486,955 389,854 * Employee Benefits 6,059,814 6,401,164 Guidance 315,472 309,243 Health Services 249,500 279,115 In-Service Training 119,357 127,362 Attendance 27,185 28,273 Legal Services 58,520 55,000 Library and Audiovisual 359,304 368,097 Occupation and Special Schools 1,501,934 1,566,809 Other Centralized Services 60,000 70,400 Student Transportation/Bus Garage 1,466,560 1,538,556 Transfers (Capital Outlay) 123,360 25,000 * Program Budget Total 23,468,700 23,913,766 5/21/20 6

Canastota Central School District 2020 – 2021 Budget Summary * - Budget Components Using Different Accounting Method CAPITAL BUDGET COMPONENT = 14.1% of the budget and is decreasing by 437,941 ADMINISTRATIVE BUDGET COMPONENT = 10.3% of the budget and is increasing by 361,052 CAPITAL BUDGET COMPONENT 2019-20 2020-21 Maintenance of Plant 787,920 850,461 Operation of Plant 1,045,167 1,101,043 Employee Benefits 570,335 522,194 Debt Service 2,480,117 1,866,900 Refund on Real Property Taxes 0 5,000 Transfer to Capital Fund 0 100,000 Capital Budget Total 4,883,539 4,445,598 ADMINISTRATIVE BUDGET COMPONENT 2019-20 2020-21 Board of Education 30,000 30,080 Central Administration 205,003 215,500 Research Planning and Evaluation 4,022 0 Curriculum Development and Support 153,590 92,429 * Employee Benefits 499,043 742,475 * Finance 428,630 503,167 * Legal Services 18,480 20,000 Personnel 41,968 43,575 Special Items 549,410 584,532 Supervision Regular School 963,386 1,022,826 Administrative Budget Total 2,893,532 3,254,584 BUDGET FOR VOTER APPROVAL 31,245,771 31,613,948 5/21/20 7

3-Part Summary Proposed Budget $ 31,613,948 5/21/20 8

REVENUES Revenue Proposed 2019-20 2020-21 TOTAL STATE AID PAYABLE 15,989,928 16,182,948 TOTAL REVENUE OTHER THAN TAX LEVY 256,000 369,857 RESERVE FUNDS 1,227,513 1,275,724 APPROPRIATED FUND BALANCE 1,400,000 1,100,000 TAX LEVY 12,372,330 12,685,419 TOTAL GENERAL FUND BUDGET 31,245,771 31,613,948 5/21/20 9

2020-21 Revenue Budget $ 31,613,948 Fund Balance 3% General Fund Reserves 4% 9% Other Income 2% 51% 40% State Aid Property Taxes Other Revenue 5/21/20 10

Key Components of Proposed 2020-21 Budget • Increase in the Budget in 2020-21 of 1.18% • Budget Stays within the Established Tax Cap – 2.65% and Tax Levy Increase of $327,430 • Provides/Maintains Adequate District Reserve Levels • Overall Staffing Reductions through Attrition: • Social Studies Position – Partial Reduction • Buildings/Grounds Position • District Office Support Position • Central Office Administrative Re-Alignment 5/21/20 11

Key Components of Proposed 2020-21 Budget cont… • Efficiency of Operation: • Monitoring in Supplies & Materials Budget • Evaluation of Professional Services Costs (i.e. Insurance RFP Process) • Reduction in External Professional Development Budget • Utilization of Grant Funding to Support Instructional Priorities • Emphasis on Shared Services Through BOCES • Efficiency of Appropriated Fund Balance – The District will appropriate $300,000 less than appropriated in the 2019-20 budget 5/21/20 12

Tax Cap Formula … 5/21/20 13

Tax Levy and Estimated True Tax Rate Increase 2020-21 Proposed Tax Levy Increase $ 327,430 = 2.65% (Allowable Tax Levy Limit) Estimated Tax Increase $0.70/ $1,000 of assessed value Or $ 70.00 / $100,000 Pending assessment changes Before Basic STAR exemption savings $ 726.00 estimated Basic STAR exemption savings (2020-21) *Tax Rate information is based on 2019 assessments until 2020-21 assessments are final. 5/21/20 14

Contingency Budget Should the budget fail on June 9th, the Board of Education may: • Adopt a contingent budget based on last year ’ s tax levy • Make Additional Reductions of $327,430 **Note** No guidance for defeated vote on June 9, 2020 A contingent budget may not include raises for limited number of staff, certain equipment purchases and capital outlay projects. 5/21/20 15

Other Propositions Proposition 2: Purchase and Finance Three 43 Seat Passenger Buses, and expend a total sum of $388,000 Proposition 3: A new 10 year Capital Reserve Fund not to exceed $5,000,000 in order to offset future renovations and additions, acquisition of machinery and equipment 5/21/20 16

Two positions available; Two candidates : Bill Haddad Wes Hood 17 5/21/20

Budget Vote: Tuesday, June 9, 2020 Absentee Ballot Only, mailed in and received by 5 pm Votes not received by June 9 at 5pm will not be counted. Propositions: Budget Adoption: Thursday, May 21, 2020 • Budget: $31,613,948 Virtual Meeting at 6:30 pm • 3 Buses: $388,000 Budget Hearing: Thursday, May 28, 2020 • Capital Reserve - $5M Virtual Hearing at 6:00 pm • Election of 2 Board of Education Members Thank You 5/21/20 18