Key Budget Data Points Overview January 7, 2020 Cynthia Hawthorne - PowerPoint PPT Presentation

Bedford Central School District Inspiring and Challenging Our Students Key Budget Data Points Overview January 7, 2020 Cynthia Hawthorne Assistant Supt. for Business and Administrative Services

Balancing the Budget Bedford Central School District Inspiring and Challenging Revenues Expenses Our Students ● Real Property Taxes ● General Support ● State Aid ● Instruction ● Other Miscellaneous ● Transportation Revenues ● Employee Benefits ● Appropriated Fund ● Debt Service & Transfers Balance to Other Funds

Revenue Drivers 2019-20 Bedford Central School District Inspiring and Challenging Our Students

Revenue Drivers ● Real Property Taxes Bedford Central School District ○ 91% of our revenue comes from the tax levy Inspiring and Challenging ○ The NYS Real Property Tax Cap limits the amount the District can Our Students increase the tax levy to the lower of 2% or the rate of inflation ■ The Tax Cap is not always 2%. The District is allowed certain exclusions and adjustments ■ In 2019-20 the allowable tax levy increase was 3.81% ● State Aid ○ This funding is set by NYS ○ Formulas are based on District wealth, needs, enrollment. ● Miscellaneous Revenues ○ Revenues from non-resident tuition, interest earning, use of facilities, donations and other non-recurring revenues. ● Appropriated Fund Balance ○ Planned use of accumulated savings

Tax Cap Calculation 2019-20 Bedford Central School District Inspiring and Challenging Our Students

State Aid Bedford Central School District Inspiring and Challenging Our Students

Expense Drivers 2019-20 Bedford Central School District Inspiring and Challenging Our Students

Expense Drivers ● General Support ○ Bedford Central School District Includes costs for Board of Education, Superintendent Office, Business Office, Inspiring and Challenging Legal Services, Operations & Maintenance, Data Processing, Insurance and Our Students Refund of Real Property Taxes ● Instruction ○ Includes costs for Supervision, Planning, Training, Teaching & Instructional Services, Special Education, Library, Media, Computer Assisted Instruction, Pupil Personnel & Athletics/Co-Curricular Activities ● Transportation ○ Home to School ○ Private School Transportation ○ Athletic Trips Employee Benefits ● ○ Health Insurance & Pension costs ● Debt Service & Transfers to Other Funds

Expenditure Components Bedford Central School District Inspiring and Challenging Our Students

Salaries & Benefits ● Salaries & Benefits represent 77% of spending ○ Salaries are determined by negotiated collective bargaining agreements Bedford Central School District ○ Inspiring and Challenging The District operates a self insured health plan Our Students ■ The District pays for the cost of medical claims directly as opposed to paying an insurance company monthly premiums. ■ NYS Comptroller's Office recommends self insured plans to municipalities as a cost saving measure. ● https://www.osc.state.ny.us/localgov/costsavings/emphealth.htm ○ The District participates in the NYS Teachers Retirement System (TRS) and NYS Employees Retirement System (ERS) ■ TRS and ERS rates are set by NYS ■ 2019-20 rates are as follows: ● TRS - 8.86% ● ERS - 14.6%

Negotiations Bedford Central School District ● The District made a significant change to compensation Inspiring and Challenging package for teachers hired after 07/01/2013. Our Students ○ Average cost of step is now about 2%, most districts are higher. ● Increasing employee contributions to health insurance. ● Bedford used to be ranked in the top 5 in pay scale, we have since dropped to a ranking of 33 in Putnam, Rockland and Westchester Counties. ● Only incremental changes are allowed to contracts by law.

Salaries & Benefits by Category Bedford Central School District Inspiring and Challenging Our Students

Expense Drivers ● Self Insured Health Plan Costs ○ While self insurance is less costly than consortium plans, it Bedford Central School District carries the risk of volatility Inspiring and Challenging Our Students

Employer Pension Contribution Rates Bedford Central School District Inspiring and Challenging Our Students

Expense Drivers ● Special Education Costs ○ Based on student needs & Committee on Special Education Recommendations Bedford Central School District ○ Inspiring and Challenging We have seen an increase in special education costs of 38.1% Our Students over the past 5 years.

Expense Drivers ● English for Speakers of Other Languages (ESOL) ○ We have seen a 27.2% increase in ESOL expenses over the past 5 years. Bedford Central School District Inspiring and Challenging Our Students

Impacts on 2020-21 Revenue Bedford Central School District Inspiring and Challenging ● Consumer Price Index (CPI) is expected to be lower Our Students than the 2019-20 CPI of 2% ● Tax Base Growth Factor increased from 1.0069 to 1.0074 ● Increase County Sales Tax Revenue ● State Aid projections will be available sometime in January 2020

Impacts on 2020-21 Budget ● For 2020-21 the TRS rate is expected to increase Bedford Central School District Inspiring and Challenging from 8.86% of salaries to approximately 10.25% of Our Students salaries ● For 2020-21 the ERS rate is expected to remain flat at an estimated 14.6% of salaries ● Two Bargaining Units Contracts up for renewal in 2020 ● Approval of Health Insurance Reserve Fund ● A Building Condition Review is in process which will help determine priority of repairs to facilities ● State Mandates

Community Input Bedford Central School District 1. Are there areas of the BCSD budget that you feel Inspiring and Challenging should be prioritized? Our Students 2. What aspects of the budget have you most concerned? 3. Other questions?

Questions Bedford Central School District Inspiring and Challenging Our Students

Bedford Central School District Inspiring and Challenging Our Students Thank you!