Glens Falls City Schools 2019-2020 BUDGET DEVELOPMENT INITIAL BUDGET PRESENTATION PRESENTED BY: Robert D. Yusko, Jr. Assistant Superintendent for Business
Glens Falls City Schools Budget basics: How do we build it? Other factors : State aid situation: Charges/tuition from Governor’s proposals, other districts, Legislative proposals Medicaid revenues Local Tax Levy; State & Local economy (CPI and tax base growth factor)
Glens Falls City Schools Budget basics: How do we build it? Enrollment : particularly for State aid situation: elementary students, high Governor’s proposals, school course selections and Legislative proposals special education needs State and Input from parents, Federal mandates residents, school community Other factors : property State and local tax levy cap, court economy : inflation (CPI) liabilities, staff and tax base growth retirements, etc.
Glens Falls City Schools • Approved budget, 2018-2019: $44,309,688 Projections for 2019-2020 : Increases in health insurance, 4% increase in PPO rates, 1.47% increase in all other WSWHE BOCES plans Decrease/Increase in pension contributions Teachers’ Retirement System: 10.62% 8.86% (est.) in 2019-2020 Employees’ Retirement System: 14.9% 14.6% (est.) in 2019-2020 NYS budget/aid impact – EXECUTIVE PROPOSAL $338 Million in additional Foundation Aid ($338M in 18-19, $700M in 17-18) $317 Million to fully fund expense-based aids ($317M in 18-19, $295M in 17-18) Governor proposes to cap growth in aid on expense based aids at 2% annually (18-19) Governor proposes to consolidate reimbursement aid categories (Transp., BOCES, IMA) into “Services Aid” starting in 20 -21 Capped annually, based on district enrollment and inflation Eliminate “reimbursement” concept Allowable Growth Factor in Tax Cap - capped at 2%; actual CPI: 2.44% One collective bargaining agreement expiring on 6/30/2019. 9 GFTA retirements…..additional?
Glens Falls City Schools Glens Falls City Schools NYS Property Tax Levy Cap in Brief.... • New York State has a property tax levy cap, NOT A “2% CAP!” – The law does not restrict any proposed tax levy increase to 2% • The law creates an 8 step formula to determine the “tax levy limit” – Adjusts tax levy to reflect local growth in tax base and rate of inflation ( max 2%) • The property tax levy cap limits the school district levy NOT the individual tax bill of resident taxpayers – Assessments and equalization rates impact tax rates • The formula allows for certain expenses to be exempt from the cap, therefore allowing the total tax levy increase to be greater than “perceived” cap • BOEs can present a budget that “overrides” the cap but will need 60% voter approval • Voters are approving the budget (spending plan) not the tax levy
Glens Falls City Schools Tax Cap Calculation Prior Year Tax Levy x Tax Base Growth Factor, if any (determined by Tax and Finance) + PILOTS Receivable During Prior Year (16-17) - Taxes Levied For Exemptions During Prior Year = Adjusted Prior Year Tax Levy X Allowable Levy Growth Factor (Lesser of 2% or CPI) - PILOTS Receivable In The Coming Year + Available Carryover, If Any = “TAX LEVY LIMIT” + Coming School Year Exemptions = “MAXIMUM ALLOWABLE TAX LEVY ”
Glens Falls City Schools 2018-2019 STATE AID - Review Legislative Proposal vs. Glens Falls Budget Legislative GF Bugdet Dollar Budget Aid Category Proposal Proposal Variance Variance Foundation Aid 13,402,361 13,267,361 (135,000) -1.01% Universal Pre-Kindergarten 138,432 - (138,432) -100.00% BOCES 1,186,383 1,100,000 (86,383) -7.28% High Cost Excess Cost 671,316 600,000 (71,316) -10.62% Private Excess Cost 226,228 100,000 (126,228) -55.80% Hardware & Technology 32,145 32,145 - 0.00% Software, Library, Textbook 166,560 166,560 - 0.00% Transportation 761,146 761,146 - 0.00% High Tax Aid 250,952 250,952 - 0.00% Supplemental Excess Cost 20,717 20,717 - 0.00% Gap Elimination Adjustment - - - N/A Building Aid 2,372,627 2,372,627 - 0.00% Total Aid 19,228,867 18,671,508 (557,359) -2.90%
Glens Falls City Schools 2018-2019 State Aid – Budget vs. Actual 2018-2019 2018-2019 Dollar Percent Expense Category Adopted Budget Projected Variance Variance Foundation Aid 13,518,313 13,573,937 55,624 0.41% Building Aid 2,372,627 2,354,004 (18,623) -0.78% Transportation Aid 761,146 850,356 89,210 11.72% Public Excess Cost Aid 620,717 907,135 286,418 46.14% Private Excess Cost Aid 100,000 148,995 48,995 49.00% BOCES Aid 1,100,000 1,039,611 (60,389) -5.49% Textbook Aid 119,995 117,491 (2,504) -2.09% Computer Software Aid 32,851 33,631 780 2.37% Library Materials Aid 13,714 14,037 323 2.36% Hardware Aid 32,145 32,232 87 0.27% Total State Aid 18,671,508 19,071,429 399,921 2.14% 18-19 Legislative Proposal 19,228,867 19,228,867 Difference between… (557,359) (157,438)
Glens Falls City Schools 2019-2020 Executive Budget Aid Proposal vs. Projected Actual State Aid 2019-2020 2019-2020 Dollar Percent Expense Category Executive - #1 Projected - #1 Variance - #1 Variance - #1 Foundation Aid 13,793,294 13,658,314 (134,980) -0.98% Building Aid 2,483,324 2,464,699 (18,625) -0.75% Transportation Aid 1,021,457 850,356 (171,101) -16.75% Public Excess Cost Aid 605,636 620,717 15,081 2.49% Private Excess Cost Aid 140,847 125,000 (15,847) -11.25% BOCES Aid 1,153,944 1,030,000 (123,944) -10.74% Textbook Aid 117,141 117,141 - 0.00% Computer Software Aid 33,570 33,570 - 0.00% Library Materials Aid 14,006 14,006 - 0.00% Hardware Aid 34,329 34,329 - 0.00% Universal Pre-K 138,432 - (138,432) -100.00% Total State Aid 19,535,980 18,948,132 $ (587,848) -3.01% Difference between Executive - #1 $ (587,848) and Projected - #1 -3.01%
Glens Falls City Schools State Aid Budget – Initial Comparison 2018-2019 2019-2020 Dollar Percent Expense Category GF Budget GF Projection Variance Variance Foundation Aid 13,518,313 13,658,314 140,001 1.04% Building Aid 2,372,627 2,464,699 92,072 3.88% Transportation Aid 761,146 850,356 89,210 11.72% Public Excess Cost Aid 620,717 620,717 - 0.00% Private Excess Cost Aid 100,000 125,000 25,000 25.00% BOCES Aid 1,100,000 1,030,000 (70,000) -6.36% Textbook Aid 119,995 117,141 (2,854) -2.38% Computer Software Aid 32,851 33,570 719 2.19% Library Materials Aid 13,714 14,006 292 2.13% Hardware Aid 32,145 34,329 2,184 6.79% Universal Pre-K - - - N/A Total State Aid 18,671,508 18,948,132 $ 276,624 1.48% Difference between 18-19 $ 276,624 and Projected 2019-2020 1.48%
Glens Falls City Schools 2019-2020 Initial Draft Revenues 2018-2019 2019-2020 Budget Adopted Proposed $ Variance % Variance Projected Revenues 44,309,688 43,224,675 (1,085,013) -2.45% State Aid 18,671,508 18,948,132 276,624 1.48% Tax Levy 21,055,520 21,609,532 554,012 2.63% Other 2,667,011 2,667,011 - 0.00% Total Revenue Before Fund Balance 42,394,039 43,224,675 830,636 4.11% Appropriated Fund Balance - Appropriated for Debt Service - - - N/A - Appropriated ERS Reserve 510,352 - (510,352) N/A - Appropriated Unassigned FB 1,405,297 - (1,405,297) N/A Total Appropriated Fund Balance 1,915,649 - (1,915,649) N/A Grand Total Revenue 44,309,688 43,224,675 (1,085,013) -2.45%
Glens Falls City Schools 2019-2020 Initial Draft Expenditures 2018-2019 2019-2020 Dollar Percent Expense Category Adopted Proposed Variance Variance Salaries 20,910,440 21,732,758 822,318 3.93% Equipment 523,401 626,636 103,235 19.72% Contractual 2,786,580 3,042,342 255,762 9.18% BOCES 5,164,453 5,164,453 - 0.00% Materials & Supplies 1,058,611 1,103,833 45,222 4.27% Debt Service 2,960,613 3,596,198 635,585 21.47% Employee Benefits 10,805,590 10,800,115 (5,475) -0.05% Interfund Transfers 100,000 100,000 - 0.00% Total Expenditures 44,309,688 46,166,335 1,856,647 4.19%
Glens Falls City Schools 2019-2020 Initial Budget Gap 2018-2019 2019-2020 Dollar Percent Adopted Projected Variance Variance Projected Expenditures 44,309,688 46,166,335 1,856,647 4.19% Projected Revenues 42,394,039 43,224,675 830,636 1.96% Total Variance 1,915,649 2,941,660 1,026,011 53.56% Appropriated for Debt - 495,000 495,000 N/A Appropriated ERS Reserve 510,352 504,877 (5,475) -1.07% Appropriated Unassigned FB 1,405,297 - (1,405,297) -100.00% Total Appropriated Fund Balances 1,915,649 999,877 (915,772) -47.80% Grand Total Variance - 1,941,783 1,941,783 4.21%
Glens Falls City Schools What is the effect on taxpayers? Assessed 2018-2019 2.63% Levy Value Tax Paid Increase Difference Glens Falls 100,000.00 2,369.34 2,431.68 62.34 Queensbury 100,000.00 1,824.39 1,872.39 48.00 This scenario assumes: No STAR exemptions No change in assessed values No change in full values No change in equalization rates
Glens Falls City Schools What is the effect on taxpayers? Assessed 2018-2019 2.63% Levy Value Tax Paid Increase Difference Glens Falls 200,000.00 4,738.67 4,863.36 124.68 Queensbury 200,000.00 3,648.78 3,744.79 96.01 This scenario assumes: No STAR exemptions No change in assessed values No change in full values No change in equalization rates
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