2019 2020 Initial Budget Presentation February 11, 2019 2018-2019 - - PowerPoint PPT Presentation

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2019 2020 initial budget presentation
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2019 2020 Initial Budget Presentation February 11, 2019 2018-2019 - - PowerPoint PPT Presentation

Jan 29, 2023 344 likes •492 views

2019 2020 Initial Budget Presentation February 11, 2019 2018-2019 Initial Draft Budget 2018-19 2019-20 Adopted Proposed Projected Expenditures $45,389,453 $46,306,923 Total $46,306,923 2019-2020 Initial Draft Category 2018-19

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SLIDE 1

2019 – 2020 Initial Budget Presentation

February 11, 2019

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SLIDE 2

2018-2019 Initial Draft Budget

2018-19 Adopted 2019-20 Proposed Projected Expenditures $45,389,453 $46,306,923 Total $46,306,923

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SLIDE 3

2019-2020 Initial Draft

Category 2018-19 Adopted 2019-20 Proposed Difference % Change Salaries $20,541,522 $20,796,718 + $255,196 +1.24% Equipment $341,884 $358,860 + $16,976 +4.97% Contractual $2,481,112 $2,440,005

  • 41,107
  • 1.66%

BOCES $5,534,929 6,360,478 +$825,549 +14.92% Materials/Suppl. $1,119,564 1,117,720

  • $1,844
  • 0.16%

Debt Service $5,014,557 $4,925,361

  • $89,196
  • 1.78%

Benefits $10,168,385 $10,120,281

  • $48,104
  • 0.47%

Interfund Transfers $187,500 $187,500 +$0 0% Expenditures $45,389,453 $46,306,923 + $917,470 + 2.02%

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SLIDE 4

Major Budget Increases

  • Reading League Coach - $50,000
  • Another cohort of P-Tech - +$55,000
  • Special Education Increase – +$887,000
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SLIDE 5

BOCES Expense V. Aid

$4,724,536 $4,610,310 $4,627,505 $4,903,185 $4,845,953 $5,227,847 $5,534,929 $6,360,478 $2,180,442 $2,418,615 $2,420,278 $2,714,344 $3,205,873 $3,080,890 $2,959,101 $3,175,000 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-2020 Spending Aid

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SLIDE 6

Governor's Proposed Budget

  • Increase in Foundation Aid = $ 169,831 or 0.93%
  • Increased Aid by $956 million

Expense Driven Aid $411 Million Foundation Aid $288 Million Fiscal Stability Fund $157 Million Community Schools $50 Million Empire State Afterschool $10 Million Expanded AP Access $3 Million Empire State Pre-K $15 Million Early College HS $9 Million “Why We Teach” $ 3 Million Other Education Initiatives $12 Million

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SLIDE 7

Governor's Proposed Budget

  • 60% of FA aid increase went to NYC
  • 86% of Foundation Aid increase went to High Needs Districts ( Phoenix is

Average need)

  • Make Tax Cap Permanent
  • Consolidate all 11 expense driven aids into 1 category, capped increase to

inflation -> $317,502 (6%) increase, change to $135,215 (2.44%), Difference of (-$182,287)

  • Starting July1, 2109, approved Building projects would see aid reduction
  • Expand financial reporting and plan submission: State to direct fund

increases by building. State Equity Plan

  • Optional: Purchase Cameras for outside of buses ( not aided) - work with

law enforcement to levy fines $250

  • Freezes STAR exemption at 2019 amounts.
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SLIDE 8

2019-2019 Initial Draft - Revenues

2018-19 Adopted 2018-19 Initial Difference Tax Levy $ 17,215,872 $17,215,872 + 0 State Aid $27,655,751 $28,145,237 + $489,486 Federal Aid $65,000 $65,000 +$0 Other $409,829 $479,619 +$76,790 Reserve Use $50,000 $50,000 +$0 Total $45,389,453 $45,955,729 +$566,276

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SLIDE 9

2018-19 Initial Budget Gap

2019-20 Proposed Budget Projected Expenditures $46,306,923 Projected Revenues $45,930,729 With reserve use $50,000 Projected Budget Gap

  • $351,195
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SLIDE 10

Gap Strategies & Options

1) Preliminary Tax Cap 1.2% = $211,000 2) Use of reserves - ???? 3) Reductions through retirements – Now & for Future years, 2020-21 projected gap between $700k- $900K

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SLIDE 11

Outstanding Variables

  • Legislature Budget – Some increase FA ???
  • BOCES Expense may increase – Final Requests
  • Budget due April 1st
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SLIDE 12

Questions ??