Rockville Centre UFSD 2020/2021 Proposed Budget FEBRUARY 5, 2020
Discussion Budget Schedule By the Numbers Budget Development Process Budget Basics Transparency Financial Condition Controlling the Budget 2020/2021 Budget Review Budget Presentation Format
Budget Schedule February 5 - Budget Work Session February 25 - Budget Work Session March 1 - Finalize Tax Levy Cap March 4 - Budget Work Session March 18 - Budget Work Session April 2 - Budget Work Session April 21 - Preliminary Budget Hearing May 6 - Budget Hearing May 19 - Budget Vote and Election
By The Numbers Enrollment 3,600 students Schools 5 Elementary (K-5), 1 MS (6-8), 1 HS (9-12), Greenhouse Graduation Rate All SWD Regents 99% 90% Advanced Designation 90% 62% With Full IB Diploma 43% 6% Combined Wealth Ratio = 1.638 (NYS Average = 1.00) Free & Reduced Price Lunch Percentage = 11.94% Limited English Proficiency = 2.23% Special Education Classification Rate = 14.43%
Budget Development Process Administrators put together budget requests Supplies/Services Equipment/Capital Projects Personnel Requests All reviewed with Assistant Superintendent for Business Superintendent and Cabinet review Proposed budget finalized and presented to the Board and Public for review at Budget Work Sessions Budget is fine tuned as more information becomes available (Enrollments, retirements, CSE’s) Preliminary Budget Hearing – Last chance to change Budget Formal Budget Hearing – Information Only Budget Vote and Election
Budget Basics Must Have a Balanced Budget REVENUES = EXPENDITURES
Budget Basics FUNDING SOURCES Local Revenue 3.0% CORE/RISE Tuitions 2.7% Tax Levy 81.2% Fund Balance 2.7% State Aid 10.4%
Budget Basics Program Capital Admin 78.2% 13.0% 8.8%
Budget Basics Before Tax Cap After Tax Cap Determine Budget Determine Tax Levy Subtract State Aid Add State Aid Subtract Local Revenue Add Local Revenue Subtract Use of Reserves Add Use of Reserves = Tax Levy = Budget
Budget Basics Tax Cap Calculation Consumer Price Growth Factor Index (CPI) Tax Cap Capital Exclusions P.I.L.O.T.S Last Year Levy
Transparency Budget Workshops Budget Documents On line Financial Statements On Line Independent Audit Report Full Line by Line Budget On Line Annual Budget Brochure mailed to all residents Budget Notice mailed to all residents PTA Presentations Three Part Budget School Funding Transparency - NEW
Financial Condition Fund Balance Managed Year to Year Using reserves to maintain programs Moody’s Bond Rating Strong at Aa2 (Issued February 4, 2019) Aa2 is second highest rating (only Aaa and Aa1 higher) Exceeds median rating of school districts nationwide “The financial position of the district is healthy overall” “Rockville Centre UFSD has a very high quality credit position” Replenish reserves when possible Fund Balance not at maximum 4.0% allowed (Only 3.0%)
Controlling the Budget Manage Reserves Bargaining Unit Negotiations Competitive Bidding/State Contracts Consortium Purchasing Delay purchases until second half of year Energy Performance Contract
2020/2021 Budget Review Line by Line Coding in State required format Function – Functional area (Business Office, Instruction, Guidance, etc.) Object – Type of expense (Salary, Equipment, Supplies, etc.) Location – Buildings (Covert, High School, District-wide, etc.) Program – Separates programs (Math, ELA, Project Great, etc.) More codes broken out by schools (staffing) than in prior years Explanation of Budget Document (prior years are on line)
Budget Presentation Format General Instruction Classroom Specials (Music, Art, Phys Ed, FLES, STELLAR) Pupil Personnel Services Athletics After School and Special Programs Technology Services Transportation Administration Support Services
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