Northern Bedford County School District Preliminary Budget Presentation April 14, 2020 Budget Committee Randy Wiand Chris Cronrath John Eshelman
2020/21 State Subsidy • Assuming the Governor’s current proposal, below is what is estimated for NBC. $25 million more to SEF statewide, $100 million for BEF as was proposed in February 2020 Subsidy Item 2019/20 Budget 2020/21 Proposed Difference Budget Basic Education $5,883,371 $5,946,142 $62,967 Funding (BEF) Special Education $632,336 $643,247 $10,911 Funding (SEF) • However, given the COVID19 Crisis, the State budget is in major flux, so these numbers might not be possible at this point. • Two possibilities, they could keep us at the 2019/20 levels, or the legislation allows it to go back to 2014/15 levels which would be a $293,764 reduction in BEF or any amount in between there.
2020/21 Budget Concerns • With Unemployment Claims high due to COVID19, our Earned Income Tax revenue could be impacted depending on how long the economy is in a decline • Interest earnings will also be in a decline due to the COVID19 impact on the economy • The current budget does not have any change in debt service if the board were to approve the borrowing of money for the proposed summer projects • Teacher and bus contract is not settled • Expenditures overall may need reviewed against the revenue changes that could happen
2020/21 Proposed General Fund Budget … At A Glance 6/17 Revenues Expenditures 6000‐Local $4,356,498 100 – Personnel $6,229,485 7000‐State $9,184,603 200 – Benefits $4,328,789 8000‐Federal $ 344,851 300 – Professional Other $560,543 400 – Purchased Property $118,948 500 – Other Purchased Services $1,444,770 600 – Supplies $1,022,153 700 – Property & Equipment $53,200 800 – Dues & Fees $217,231 900 – Debt $554,638 Total $13,885,952 Total $14,366,114 Deficit ‐$480,162 4
2020/21 BUDGET COMPARISON AT A GLANCE 20/21 vs REVENUES 2020/21Budget 2019/20 Budget 19/20 Variance 6000Local Funds $4,356,498 $4,238,836 $117,662 7000State Funds $9,184,603 $9,343,029 -$158,426 8000Federal Funds $344,851 $344,851 $0 Total $13,885,952 $13,926,716 -$40,764 20/21 vs 19/20 EXPENDITURES BY TOTAL OBJECT 2020/21Budget 2019/20 Budget Variance 100 Personnel and Salaries $6,229,485 $6,119,603 $109,882 200 Personnel Services - Employee Benefits $4,328,835 $4,326,264 $2,571 300 Purchased Professional Technical Services $560,543 $581,680 -$21,137 400 Purchased Property Services $108,948 $146,763 -$37,815 500 Other Purchased Services $1,444,770 $1,475,965 -$31,195 600 Supplies $919,166 $717,110 $202,056 700 Property $3,000 $107,050 -$104,050 800 Other Objects $217,181 $233,255 -$16,074 900 Other Financing $554,638 $652,244 -$97,606 Total $14,366,114 $14,359,932 $6,182 Deficit -$480,162 -$433,216 $46,946 300-900 OBJECTS $3,808,246 $3,914,067 -$105,821
2020/21 HIGHLIGHTED EXPENDITURES Cost Math Curriculum Grade 3‐12 $117,361 Student Information System – FOCUS $31,200 MS 1:1 Lease will renew for Grade 6 – 7 – 8 Yearly Cost $20,000 MS/HS Library conversion to Library $10,000 Replacement 20" walk behind scrubber, pad assist d $5,500 Salt Dogg 2yd Stainless Steel spreader for the dump truck $4,000 6ft Turf Roller for Athletic Fields $3,475 Electronic Balance $1,425 Backflow preventer at Elementary $1,400 Position Budget One Additional Personal Care Aid to Hire thru NBC – Under 30 Hour per week position $18,530 Technology Budget Requests up from 2019/20 to 2020/21 Budgets $19,987 6
DEBT SERVICE AND SAVINGS IN REFINANCING YEAR TOTAL INTEREST (800) PRINCIPAL TRANSFER TO PAYMENT (900) CAPITAL RESERVE (900) 2017/18 $469,937.50 $87,168.75 $382,168.75 $107,868.75 2018/19 $467,537.50 $81,268.75 $382,268.75 $117,975.00 2019/20 $465,337.50 $75,168.75 $390,168.75 $127,075.00 2020/21 $467,737.50 $68,868.75 $398,868.75 $130,768.75 2021/22 $467,837.50 $63,918.75 $403,918.75 $135,918.75 2022/23 $466,037.50 $60,518.75 $405,518.75 $147,087.50 2023/24 $469,137.50 $57,068.75 $412,068.75 $150,587.50 9
BUDGETARY RESERVE Budgetary reserve is a LINE item of the General fund budget. This budget year has $96,300 for items that may not be known at the time of budgeting – a contingency. Below are some items that when reviewing the budget are on the verge of needing replaced, but we have placed them in a budgetary reserve so that if they are replaced, the board will know that have contingently planned on them. BUDGETARY RESERVE ITEMS Cost Undesignated $67,000 Stand Mixer – MS/HS Cafeteria $27,000 Audiometer $2,300 10
CAPITAL RESERVE 2020/21 ACTIVITY ITEM BALANCE BEGINNING BALANCE JULY 2019 $1,350,039 TRANSFER FROM GENERAL FUND 2018/19 SURPLUS $523,633 PLUS INTEREST TRANSFER FOR 2019/20 BUDGETED BUT NOT $127,095 TRANSACTED YET 2019/20 WITHDRAWALS: TRACK $187,500 HOT ‐$249,144 WATER SYSTEM $47,700; CRABTREE ROHRBAUGH $13,944 ESTIMATED ENDING BALANCE JUNE 2020 $1,751,623 11
REAL ESTATE BUDGETARY OPTIONS PDE 2028 METHOD FEB 2020 AV 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.20% 3.60% $403,818,490.00 8.62 8.66 8.70 8.75 8.79 8.83 8.8503 8.8846 ESTIMATED RE TAXES AT 94% COLLECTION $3,480,423 $3,497,738 $3,515,054 $3,532,369 $3,549,685 $3,567,000 $3,573,926 $3,587,779 LESS PROPERTY TAX RELIEF $323,998 $323,998 $323,998 $323,998 $323,998 $323,998 $323,998 $323,998 BUDGETED $2,967,039 $2,983,316 $2,999,592 $3,015,869 $3,032,145 $3,048,422 $3,054,933 $3,067,954 $16,277 $16,277 $16,277 $16,277 $16,277 $16,277 $6,511 $13,021 REVENUE IMPACT $32,553.21 $48,829.81 $65,106.41 $81,383.01 $97,659.62 $104,170.26 $117,192 Any potential tax increase will be re‐visited Maximum due to COVID19 implications. Level we could Currently tax to.. budgeted $117,192 additional 12
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