Fort Edward UFSD Budget Status Update Public Presentation April - PowerPoint PPT Presentation

Fort Edward UFSD Budget Status Update Public Presentation April 22, 2020

FE School Community ● WE LOVE OUR SCHOOL ○ It Takes a Village ■ Irving Tissue (So Much) ■ Market 32 (Backpacks) ■ Hannaford (Backpacks) ■ CVS (Easter Candy) ■ US Dairy Association (Milk)

It Takes a Village What do we need to do to support our school? Work Together ● Residents ● Taxpayers ● Employees ● Community at Large

20-21 School Budget ● District will need supermajority voter approval just to make the $153,000 payment on the loan needed to pay the County ○ No fund balance left to offset expenses ○ No Special Grant Aid

20-21 School Budget cont. ● Budget gap is approximately $1,365,000 ○ Again no fund balance left to offset expenses ○ Expenses were determined using ■ contractually guaranteed salary and HI ■ BOCES expense as provided to FE ● Does not include any new sts

History ● How did we get here? ○ Paid $1,855,000 to GE in 2016-2017 ○ Paid $1,765,375.24 to County in April 2020 ■ This payment made by borrowing ○ Received $400,000 grant from Legislators each of the last three years. This is no longer available

Looking ahead to 20-21 ● District plans to ask for a supermajority vote ○ $153,000 payment on the loan to pay the County exceed tax cap ○ BOE planning to ask for $571,520 from taxpayers ○ No fund balance left to offset expenses

Looking ahead to 20-21 cont. ● Budget gap was approximately $1,359,505 ○ Budget gap increased by $32,000 on April 1 when NYS passed the budget ○ Budget gap has potential to increase throughout the next calendar year ■ NYS will be doing lookbacks to see if revenue targets have been met. If not they will reduce school aid

Reductions Summary (if budget fails) ● Staff Reductions ○ $824,601 (estimated) ○ Teachers ■ 13.5 positions ○ Support Staff ■ 7.5 positions ○ Administration ■ .8 positions

Reductions Summary (if budget fails) (continued) ● Programs and Services $538,451 ○ Athletics ■ All athletics eliminated ○ Distance Learning ■ Eliminated ○ Extra-curriculars ■ Eliminated

Reductions Summary (if budget fails) (continued) ● Transportation ○ Non mandated transportation eliminated (SE is mandated for some) ● Instructional Supplies ○ Eliminated

How did we get here? ● $675,000 reduction in Levy when GE left ● $400,000 Supplemental Grant ends 19/20 ● $300,000 Fund Balance not available 19/20 ● $153,000 Washington County pmnt 20/21 ● Escalation of all normal District expenses ● Escalation of all high needs expenses

Where were we 12 years ago? May 2016 Projections

Where did we come from? Levy History ● 2015-16 $3,561,000 ● 2016-17 $3,625,000 ● 2017-18 $3,000,000 ● 2018-19 $3,000,000 ($3,184,141 vote failed) ● 2019-20 $3,008,343 ● 2020-21 $3,579,928 ( estimated)

How do we overcome these obstacles? ● Residents ● Taxpayers ● Employees ● Community at Large

What about the Reserve Accounts? Accrued Employee Benefits Liability $300,000 Worker’s Comp $30,000 Unemployment $54,921 ERS $0 TRS $0 Tax Cert $0

How do we overcome these obstacles? ● Irving Tissue PILOT ○ PILOT ends in 2021-22 ● WL Plastics ○ New business with a PILOT

What Next? ● Negotiations ○ FETA, FESS, FEAA ○ Confidential Employees ● Work to promote our School and all the great things it provides for our students ● Advocate for School Aid and other Support

Questions?