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COXSACKIE-ATHENS CENTRAL SCHOOL DISTRICT Board of Education - - PowerPoint PPT Presentation
COXSACKIE-ATHENS CENTRAL SCHOOL DISTRICT Board of Education - - PowerPoint PPT Presentation
COXSACKIE-ATHENS CENTRAL SCHOOL DISTRICT Board of Education Meeting 2017-18 Budget March 2, 2017 A Review-Expenditure Budget Budget Code Overview-General Fund Budget: Fund: Indicated by the letter-A designates General Fund or our operating
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Expenditure codes for Capital Project
§ Fund: H § Function – Project # such as M/HS Phase 1 or EJA Phase 1.
This corresponds to the SED assigned Project Number.
§ Object – the type of work such as
ú 293 Construction ú 294 HVAC ú 296 Electrical ú 297 Site Work ú 245 Architectural ú 246 Survey and Engineering
§ Location – Same, 10 M/HS, 20 CE, 23 EJA § Vendor – these four digits correspond to the vendor we pay
for doing the work
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Impact of the Capital Project on the tax cap:
As discussed at the last meeting, the tax cap has been adjusted to allow for the payment
- f BAN interest during the 2017-18 school
year which is estimated by Fiscal Advisors as $180,000. Our BAN interest line has increased and our Tax Cap has increased by the same amount.
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The process…
Salaries : Salary codes are grouped by type such as instructional and non instructional. These are adjusted by estimated or contractually agreed upon salary increases. Equipment: Is a zero based budget line. Included are items that are requested by staff and approved by building Principals. Contractual & Supplies: Initial rollover budget is adjusted by known increases/changes. e.g. Coxsackie water rates, changes in BOCES costs, Transportation
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2017-18
Salaries Fringes Debt BOCES Trans Other
2016-17
Salaries Fringes Debt BOCES Trans
2017-18 Expenditures
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2017-18 Expenditures
2017-18 Proposed Budget 2016-17 Budget
$ % Salaries $14,500,000 46% Fringes $7,798,000 25% Debt Svc $2,088,300 7% BOCES $2,017,000 6% Trans $1,837,417 6% Other $3,148,926 10% Total $31,389,643 100% $ % Salaries $13,787,356 46% Fringes $7,488,750 25% Debt Svc $1,911,220 7% BOCES $1,825,100 6% Trans $1,805,662 6% Other $3,093,035 10% Total $29,912,283 100%
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Where we stand…
Current 2017-18 Proposed Budget $31,389,643
ú Includes 1 SPED Teacher, Teacher Aide, Teacher
Assistant for self contained room at CE Current Estimated Revenues $28,824,361
ú Appropriated Fund Balance $1,625,000 ú Appropriated Reserves $100,000 ú Total Revenues $30,549,361
Budget Gap $ 840,285
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Benefits:
Ø Health Insurance Increase
$393,000
§ Blue Shield 9% § Prescription Drug 9% § Capital District Physician’s Health Plan 12% Ø Teachers’ Retirement Decrease
($131,000)
Ø FICA/Medicare Increase
$ 43,000
Ø Workers’ Comp $ 5,000
Total Fringe Benefit Increase $310,000
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Salary & Fringe Benefit Trends
2000000 4000000 6000000 8000000 10000000 12000000 14000000 16000000 2013-14 2014-15 2015-16 2016-17 2017-18 Salaries Health Retirement
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Rising cost of healthcare:
10000 20000 30000 40000 50000 60000 70000 80000 1 2 3 4 5 6 7 8 9 10 11 Salary 2% Health 10%
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Distance Learning
Staff participating in Distance Learning activities generates BOCES aid when those services are distributed on the DL Network…. 2014-15 Staff Costs assigned to DL $136,000 2015-16 BOCES aid revenue generated $77,000 2015-16 Staff costs assigned to DL $325,000 2016-17 BOCES aid anticipated $184,000 2016-17 Staff costs assigned to DL $393,175 2017-18 BOCES aid anticipated $216,639
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Budget Review
§ Expenditures –The Board of Education
adopts an overall expenditure plan, not specifics within the plan.
§ Revenues –The current revenue plan is to
stay within the Tax Cap calculation. This will require a simple majority to pass the budget: 50%+1.
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What’s next…
§ Clearer revenue picture-pray for more State Aid § Refining BOCES budget § Results of SPED Annual Reviews § Finalizing health insurance increases § Results of course requests § Retirement “breakage”
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