2019 – 2020 Budget Presentation April 4, 2019 Presented by: Douglas Kelley, Interim Superintendent Jeffrey Miriello, Business Official
Mission: What We Do The Cairo-Durham Central School District, in partnership with the community, is committed to creating multiple learning pathways that empower all students to maximize their individual potential and become leaders in their local and global communities. Vision: What We Want to Be The Cairo-Durham Central School District will provide a collaborative and engaging environment that is committed to the educational excellence of each individual student. By fostering high expectations and creating educational leaders, we will be recognized regionally and across the state as an exemplary school system. 2
Enrollment Projections 2019-2020 Projected Building 2017-2018 2018-2019 Change *2019 *2019-2020 18/19 to 19/20 CD Elementary 574 579 -9 570 (PK Included) CD Middle School 275 285 286 +1 CD High School 384 354 +6 360 Out of District Placements 28 30 30 0 Total 1261 1248 -2 1246 1246 2019-20 represents enrollment projections current as of January 2019 • 3
2019-20 CDCSD Tax Levy Limit Calculation Prior Year Tax Levy $13,747,655 Tax Cap Reserve Amount plus Interest from FYE 2019 Used to Reduce 2020 + - Adjusted Prior Year Tax Levy = $13,747,655 Tax Base Growth Factor x 1.0077 Subtotal Prior Year Tax Levy = $13,853,512 PILOTs Receivable FYE 6/30/2019 + $317,819 $490,449 - Taxes Levied for Exemptions During Prior Year: Capital Expenditures Net Of State Aid $13,680,882 Adjusted Prior Year Tax Levy = Allowable Levy Growth Factor (Lesser: CPI or 2%) x 1.02 Subtotal Growth Adjusted Tax Levy = $13,954,500 PILOTs Receivable FYE 06/30/2020 - $317,819 Total Levy Limit Before Adjustments/Exclusions = $13,636,681 $551,247 Exclusion: Taxes Levied for Exemptions Next Year: Capital Expenditures Net Of State Aid + Maximum Allowable Tax Levy Amount = $14,187,928 $440,273 Change from prior year % Change from prior year 3.20% 4
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State Aid Aid Category Budget 2018 - 2019 Budget 2019 - 2020 Increase (Decrease) % Change Foundation Aid $10,646,076 $266,255 2.57% $10,379,821 BOCES Aid $828,150 $849,959 $21,809 2.63% High Cost Aid $64,529 $140,682 $76,153 118.01% Private Excess Cost $460,061 $506,303 $46,242 10.05% Hardware & Technology $15,230 $15,664 $434 2.85% Software, Library, Textbook $99,507 $98,809 ($698) (0.70%) Transportation Aid $1,280,524 $1,247,102 ($33,422) (2.61%) High Tax Aid $184,142 $184,142 $ - 0.00% Building Aid $989,353 $1,040,908 $51,555 5.21% Bus Aid $206,237 $253,430 $47,193 22.88% Total $14,507,554 $14,983,075 $475,521 3.28% 6
Budget 2018- 19 Budget 2019- 20 Change Expenses Human Resources (Salaries & Benefits) $21,905,295 $21,978,639 $73,344 Equipment/Contractual/Supplies $7,321,101 $7,769,401 $448,300 Debt Service/Transfers $1,920,749 $2,058,411 $137,662 Total Expenses $31,147,145 $31,806,451 $659,306 Revenues Property Tax Levy $13,747,655 $14,111,928 $364,273 PILOT $317,819 $317,819 $ - State Aid & Medicaid $14,607,554 $15,103,075 $495,521 Local Sources $424,117 $423,629 ($488) Appropriated Reserve/Fund Balance $2,050,000 $1,850,000 ($200,000) Total Revenue $31,147,145 $31,806,451 $659,306 7
Major Cost Factors Influencing 2019-20 Budget Revenues Tax Levy +$364,273 Tuition from Other Districts -$75,488 Foundation Aid +$266,255 BOCES Aid +$21,809 Excess Cost Aid +$122,395 Expenditures Debt Payments +$58,662 Worker’s Compensation Insurance +$96,607 Special Education Tuition +$402,036 8
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Three-Part Budget Projection 2018-19 2019-20 Budget Component Difference $ $ Change % Approved Budget Proposed Budget Administrative $3,245,958 $3,286,251 $40,293 1.24% Program $23,829,109 $24,374,950 $545,841 2.29% Capital $4,072,078 $4,145,250 $73,172 1.80% Total $31,147,145 $31,806,451 $659,306 2.12% 10
Projected 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Unassigned 1,555,156 1,153,576 1,389,373 1,816,171 1,333,841 1,272,258 Assigned 2,391,890 2,241,844 2,560,200 2,540,819 3,214,469 1,950,000 Restricted 3,014,235 3,532,362 4,116,605 4,169,555 5,069,555 3,419,555 Unassigned Fund Balance: Represents funds that are not restricted or assigned. This is also known as a District’s Savings account. Assigned Fund Balance: Represents funds that are committed to “offset” next year’s tax levy. Restricted Fund Balance: Represents funds that are “earmarked” for specific purposes. These funds represent the District’s reserves. 11
Budget Development Process February/March ● Roll-Over Budget Presentation 2/7 ● Building Budget Presentations - 2/28 ● Department Budget Presentations - 3/14 ● Preliminary Budget Presentation - 3/28 (Cancelled) April/May ● Budget Presentation ● Final Presentation of Proposed Budget 4/16 ● Budget Adoption/BOCES Budget 4/16 ● Budget Hearing 5/9 ● Budget Vote 5/21 12
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