CROTON-HARMON UFSD 2020-21 BUDGET WORK SESSION FEBRUARY 27, 2020
B U D G E T D E V E L O P M E N T T I M E L I N E CREATE BUDGET DEVELOPMENT CALENDAR PRELIMINARY BUDGET PRESENTATION BEGIN DEBT & OTHER REV/EXP PROJECTIONS BUDGET 101-BUDGET DEVELOPMENT January November September December October MEET WITH BUDGET BUILDERS GOVERNOR’S EXECUTIVE BUDGET DEVELOP PRELIMINARY & DISTRIBUTE BUDGET WORKSHEETS CONFIRM P & D PRIORITIES ASSUMPTIONS & FORECASTS
GOALS FOR TONIGHT’S BUDGET WORK SESSION R EVIEW N EW R EPORTING T RANSPARENCY S TANDARDS R EVIEW G OVERNOR ’ S S TATE A ID P ROPOSAL P RESENT P RELIMINARY 2020-2021 R EVENUE & E XPENDITURE B UDGET
ESSA Transparency
New State and Federal School Level Financial Reporting • ESSA (Federal Mandate) Financial Transparency • Reports on School Spending for prior year • Due March 1st • Still awaiting final guidance • NYS School Funding Transparency (State Mandate) • Reports on Budget and Pupil Counts for current year • Annual deadline August 30 th
GOVERNOR’S BUDGET Property Tax Permanency-Now Law Expense-based aids bundled into Foundation Aid Adding Boces Capital Exclusion (minimal impact THIS YEAR) Required reporting on all Propositions (some of which subject to Tax Cap) Looking to control costs and redirect funding by reducing Expenditure-Based Aid (Boces, Transportation & Building) Foundation Aid Shortfall – ($1,461,471) Total 2020-21 Proposed Increase in State Aid- $95,759 (or is it)?
Croton-Harmon UFSD 2020-21 School Aid Governor's Budget February 2020 2019-20 2019-20 2020-21 Governor's Change from Aid Category 4/1/19 2/26/20 2/26/20 Change 4/1/19 % Change General Purpose Aids $2,344,693 $2,344,747 $2,344,747 $0 $0 0.0% Foundation Aid 2,244,693 2,244,747 2,244,747 0 0 0.0% High Tax Aid 100,000 100,000 100,000 0 0 0.0% Reorganization Operating Aid NA Academic Enhancement Aid NA Expense-Based Aids 3,376,808 3,210,964 3,053,717 (157,247) (323,091) -4.7% Building Aid 1,780,924 1,502,901 1,495,397 (7,504) (285,527) -0.4% Reorganization Incentive Building Aid 0 0 NA Transportation Aid (including summer) 817,543 704,093 820,178 116,085 2,689 14.2% BOCES Aid 570,620 782,992 538,166 (244,826) (32,454) -42.9% Non-BOCES Special Services Aid 0 0 NA Charter School Transition Aid 0 0 NA Private Excess Cost Aid 93,347 70,298 71,143 845 (22,204) 0.9% Public Excess Cost High Cost Aid 110,422 146,728 124,881 (21,847) 14,459 -19.8% Supplemental Public Excess Cost Aid 3,952 3,952 3,952 0 0 0.0% Most Favorable of Tiers A-E 251,291 251,291 251,291 0.25% Other Aids $140,690 $140,633 $142,348 $1,715 1,658 1.2% TOTAL AID $5,862,191 $5,696,344 $5,792,103 $95,759 ($70,088) 1.6% Foundation Aid: 2020-21 Foundation Aid: 2,244,747 Full Phase-in Foundation Aid: $3,706,164 Amount Under-funded: ($1,461,417)
2020-21 Preliminary 2019-20 Actual Description Budget Budget Variance Budget $49,774,562 $48,513,218 $1,261,344 Budget to Budget % 2.60% 2.84% -0.243% Tax Levy Increase $ $1,185,061 $1,078,630 $106,431 Tax Levy Increase % 2.95% 2.76% 0.191% $1,703,207 Fund Balance & Reserves Utilized
VISION Develop the habits of mind and social skills Become lifelong learners Contribute to the well-being of society
MISSION Croton-Harmon is committed to: Challenging all students Community inclusion Fostering respect Developing skills that enable students to become: Effective communicators Problem solvers Researchers who are independent learners
Support the goals of the Board of Education Preserve all educational BUDGET programs and staffing where possible PRIORITIES Remain fiscally responsible and within Tax Cap Comply with all state and federal mandates
State Aid Uncertainty Changes in Tax Cap Enrollment Limitations Budgeting Challenges Special Mandates Education Needs Contractual Obligations
Enrollment Projections Projected Enrollment (based on Jan '20 Actual) # of Sections Class Size # of Sections Chg in # of Sections Gr. Full time Part time Total 4 5 6 Guidelines 19/20 20/21 By Grade By Cohort K 103 ? 103 25.8 20.6 17.2 6 5 -1 N/A Up to 22 1 117 1 118 29.5 23.6 19.7 5 6 1 0 Up to 22 2 109 2 111 27.8 21.8 18.5 6 6 0 1 Up to 22 3 116 1 117 29.3 23.4 19.5 5 5 0 -1 Up to 24 4 118 2 120 30.0 24.0 20.0 5 5 0 0 Up to 26 CET Total 569 27 27 0 5 111 111 27.8 22.2 18.5 5 5 0 0 Up to 26 6 124 124 31.0 24.8 20.7 6 6 0 1
REVENUE OUTLOOK What does the Allowable Tax Levy (ATL) look like for Croton-Harmon?
Croton-Harmon UFSD Property Tax Cap Calculation under Chapter 97 of the Laws of 2012 (This analysis calculates the allowable tax levy for 2020/21 school year) PRIOR YEAR (2019/20) Approved Actual Tax Levy 40,159,191 Multiply by Tax Base Growth Factor (TBD by ORPS) Actual 1.0056 Total 40,384,082 Add: 2019/20 PILOTS 0 Total 40,384,082 PRIOR YEAR (2019/20) Exemptions Less: Capital Tax Levy (debt service less building aid) Actual (2,404,000) Less: Boces Capital Exclusion Adjustment BOCES ADJ (26,706) Prior Year Adjusted Tax Levy 37,953,376 Multiply by Allowable Levy Growth Factor (lesser of 2% or CPI) Actual 1.0181 38,640,333 Less: 2020/21 PILOTS 0 Current Year Tax Levy Limit 38,640,333 Add: Capital Tax Levy (debt service less building aid) Estimated 2,703,919 $ 41,344,252 Allowable tax levy prescribed by Chapter 97 of the Laws of 2012 ESTIMATED 2020-21 Tax Levy Increase $ 1,185,061 2.95%
Capital Exclusion Tax Base Growth Factor Allowable Growth Factor .56% Includes Boces Exclusion 1.81% Gain of $273,213 from p/y due to Up .004% CPI last year was 2% debt and building aid in 20-21 Gain of $160,636 from p/y Loss of ($70,112) from p/y $ Valu lue of of Tax x Ca Cap Factors Allo llowable Growth Fact actor Tax x Ba Base e Growth th Factor Capital Ca l Exclu clusion .56% 1.81% $273,213 $686,956 $224,891 $273,213 $1,185,061 Budget to o Budget In Increase Revenue needed $1,261,343 from other sources $76,282
ANALYSIS OF REVENUE 2020-21 2019-20 Change in Description Preliminary Budget Revenue County Sales Tax $550,000 $525,000 $25,000 Interest & Earnings $210,000 $50,000 $160,000 Building Use Fees $50,000 $50,000 $0 Other Revenue $125,000 $121,000 $4,000 Total Non-State Aid: $935,000 $746,000 $189,000 $0 State Aid $5,792,103 $5,862,191 -$70,088 Total State Aid: $5,792,103 $5,862,191 -$70,088 Fund Balance $1,303,207 $1,345,836 -$42,629 Debt Service Fund $0 $0 $0 Reserves $400,000 $400,000 $0 Total Reserves: $1,703,207 $1,745,836 -$42,629 $0 Tax Levy $41,344,252 $40,159,191 $1,185,061 Budget $49,774,562 $48,513,218 $1,261,344
Balance Reserves 6/30/2019 Workers' Compensation Reserve 537,000 Unemployment Insurance Reserve 196,969 Reserve for Retirement Contrib 1,345,453 Reserve for TRS Contrib 250,000 Reserve For Liability 198,061 Reserve for Tax Certiorari 4,978,070 EE BENEFIT/ACCR LIAB 492,430 Capital Reserve 2013 4,126,399 Capital Reserve 2016 4,014,035 Total Reserves 16,138,417
THE FLIPSIDE… EXPENDITURES
Budget Overview by Expenditure Category Proposed 2020/21 Proposed Approved 2020/21 2019/20 % ∆ $ ∆ % of Budget Salaries 26,364,700 25,956,057 1.57% 408,643 53.0% Benefits 9,587,731 8,981,096 6.75% 606,635 19.3% Total 35,952,431 34,937,153 2.91% 1,015,278 72.3%
Budget Overview by Expenditure Category Proposed 2020/21 Proposed Approved 2020/21 2019/20 % ∆ $ ∆ % of Budget General Education 1,700,070 1,694,300 0.34% 5,770 3.4% Classroom Support, Supplies & Materials, Library, Video Production, Guidance, Health Services, Co-Curricular, BOCES Services Special Education 2,278,935 2,137,729 6.61% 141,206 4.6% Athletics 255,314 244,800 4.29% 10,514 0.5% Technology 950,685 933,593 1.83% 17,092 1.9% Curriculum Development 194,418 200,400 -2.99% (5,982) 0.4% Total 5,379,422 5,210,822 3.24% 168,600 10.7%
Budget Overview by Expenditure Category Proposed 2020/21 Proposed Approved 2020/21 2019/20 % ∆ $ ∆ % of Budget Transportation 559,761 554,650 0.92% 5,111 1.1% District Wide Support 1,476,340 1,396,927 5.68% 79,413 3.0% Board of Education, Voting/District Clerk, District Admin, Fiscal, Legal, Human Resources, Public Information, Security, Student Information System, Liability Insurance, Boces & Central Data Processing Facilities 2,187,702 2,091,170 4.62% 96,532 4.4% Debt Service 4,108,906 4,212,496 -2.46% (103,590) 8.3% Interfund Transfers 110,000 110,000 0.00% -0- 0.2% Total 8,442,709 8,365,243 0.93% 77,466 17.0%
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