[PPT] - 2020 2020-21 1 Schoo hool l Bud udge get t Project rojected PowerPoint Presentation

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2020 2020-21 1 Schoo hool l Bud udge get t

Project rojected ed Revenu enues, es, Payroll roll an and d Benef nefits its Presenta esentation tion 3 3 Februar ebruary y 24, 4, 202 020

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Bud udge get t Pr Prese esentations/Updat ntations/Updates es

Febr

bruary y 10 10: : Pre resentation ntation 1 & 1 & P Pre resentation ntation 2 2

1. . Budge udget t Devel elopm

pmen

ent t Proc roces ess s 2. . NYS S Aid d Upda date e

Febr

bruary y 24: : Pre rese sentatio ntation n 3 & 3 & P Pre resentation ntation 4 4

3. . Project jected ed Revenue enues, s, Pa Payroll

ll and

nd Bene nefits its 4. . Transpo ransporta tation tion – Flee eet t Repo port t

March

h 23: : Pre resentat ntation ion 5 5

Revenue ue Updat ate e and nd Expe penditures ditures

Apr

pril l 16: 6: Pre resentation ntation 6 6 (Board

rd adopts pts budg dget) t) Ov Over ervi view, , Ad Adoptio ption n of f Budge dget t and nd Proper perty ty Tax x Repor

rt

t Card rd

May

y 11: : Pre resentation ntation 7 7

Publ ublic ic Hearin ring g on n Prop roposed

sed Budge

dget t

FN=Budget Presentation 2 – 2020-21 – February 24, 2020

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Ou Outline tline

Overview of Revenue Sources
Update on the Tax Levy Cap
Closer Look at Property Taxes, State Aid, Local

Revenue Sources & Appropriated Fund Balance

Total Revenue Update
Payroll & Benefits Expense
Next Steps…

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SLIDE 4

Goals

als

in the Budget Development Process

Preserve student
pportunities
Stay within/below the

tax cap threshold

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PORTRAIT OF A GRADUATE

COLLABORATOR COMMUNICATOR ~&~ CREATOR/

~'W'S INNOVATOR

~

ETHICALAND

~

GLOBAL CITIZEN RESILIENT INDIVIDUAL

.,

PROBLEM SOLVER LIFE-LONG LEARNER

Goals

als

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6

Ex Examples amples of f Ne New w Cour

urse

ses s Since ce 2014 4

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UNCERTAIN STATE AID

?

UNFUNDED MANDATES- MORE COMING? STAFFING DEBT SERVICE STUDENT ENROLLMENT SPECIAL EDUCATION NEEDS NEW STUDENT PROGRAMS LOCAL CONTRACTS BENEFITS BOCES BUDGET

Bud udge get t Consid

nsideratio

erations ns

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Esti tima mate e Deficient/ icient/Rollo

llover

er Budg dget et

In recent years, the rollover budget results in a structural imbalance. For the 2020-21 budget year, the projected deficit is $1,086,746.

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SLIDE 9

Key P y Prop

pose
sed

d Cuts ts

Reduction in Communications Services

$150,000

Teacher Retirement Savings

$605,715

Employee Retirement Savings

$126,485

Administrative Staff Reduction

$189,686

Reduction in Worker’s Compensation Costs

$ 14,860 Total $1,086,746

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SLIDE 10

Revenue enue Sour

urces

ces

REVENUE FROM STATE AID 27.06% TAX LEVY 66.09% LIBRARY BOND TAX .44% APPROPRIATED FUND BALANCE 2.29% NON-TAX SOURCES 4.11%

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Tax x Cap p Levy y Hi Histor

ry

y

Budge get t Year r Ac Actua ual l Tax x Levy y Increase ease Ac Actual ual Tax x Levy y % % Increase ease Allow

wable

able Tax x Cap p Levy y Increase ease Allow

wable

able Tax C x Cap p % % Increase ease Tax Pa x Payer er Savings ngs 2014-15 $ 980,844 1.73% $1,034,838 1.82%

* $53,594

2015-16 $ 811,102 1.41% $811,192 1.41% $ 2016-17 $ 0% $244,846 .42%

* $244,846

2017-18 $1,051,545 1.80% $1,051,545 1.80% $ 2018-19 $1,756,174 2.95% $1,796,574 3.02%

* $40,400

2019-20 $1,648,633 2.69% $1,744,580 2.84%

* $95,947

2020 2020-21 21 $1,636,339 36,339 2.60% % $1,797, 7,33 337 7 2.86% %

* * $160,998

,998 Total $7,884,727 1.88% $8,480,512 2.02% $595,785

*Five ive out t of f seve ven n years s under r the e all llowable able tax x cap p

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Bu Budget et & & Tax ax Levy vy Ch Chan ange ge Hi Hist story y

Year r Budg dget et Perc rcen ent t Increa rease se Tax x Lev evy y Perc rcen ent t Increa rease se

2019-20 2.45% 2.69% 2018-19 3.00% 2.95% 2017-18 2.17% 1.80% 2016-17 2.23% 0% 2015-16 2.68% 1.41% 2014-15 1.89% 1.73% 2013-14 3.02% 3.37% 2012-13 1.75% 2.72% 2011-12 .14% 3.67% 2010-11 .91% 3.07%

Average Change Per Year

Year r Budg dget et Perc rcen ent t Increa rease se Tax x Lev evy y Perc rcen ent t Increa rease se

Last 5 Years 2.51% 1.77% Last 10 Years 2.02% 2.34% Last 20 Years 4.25% 4.97%

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SLIDE 13

Tax ax Le Levy y His Histor

ry

y

13

2.00%

0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% 20.00% 2019-20 2018-19 2017-18 2016-17 2015-16 2014-15 2013-14 2012-13 2011-12 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04 2002-03 2001-02 2000-01 1999-00

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Proper roperty ty Tax ax

2019-20 20 2020 2020-21 21 Dif ifferen rence ce % % In Increase ease School Tax Levy $62,506,673 $64,143,012 $1,636,339 Library Bond Levy $ 429,450 $ 429,450 $ Total $62,936,123 $64,572,462 $1,636,339 2.60%* *2.86% allowable tax cap increase reduces levy by (.26%) or $161,000

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State Aid 2019-20 2020-21 Category State Aid Budget State Aid Reconciliation Difference Foundation Aid $ 15,963,941 $ 16,011,371 $47,430 Transportation $ 2,790,506 $ 2,817,500 $26,994 Excess Cost Public $ 1,055,116 $ 1,123,369 $68,253 Excess Cost Private $ 325,340 $ 247,061 ($78,279) BOCES Aid $ 1,738,619 $ 1,782,085 $43,466 Software/library/Textbooks $ 295,332 $ 296,566 $1,234 Computer Hardware $ 48,733 $ 50,544 $2,111 High Tax Aid $ 780,717 $ 780,717 $0 Supplemental Excess Cost $ 10,949 $ 10,949 $0 Building Aid $ 3,353,888 $ 3,148,177 ($205,711) Tot

tal

l $ $ 26,363,1 ,141 1 $ $ 26,268,6 ,639 9 ($94,5 ,502) )

St Stat ate e Aid id Projecti rojection

n

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Revenue enue Non

n-tax

tax Sour

urces

ces

2019-20 20 2020 2020-21 21 Dif ifferen rence ce Budget Projection Increase $3,715,020 $ 3,991,556 $276,536 Success Story: About 71% ($2.85M) attributable to the following: Day Tuition other Districts: $2,315,538 Total Rental/Use of Buildings: $ 530,310

Other (Total $1,145,708): Payments in Lieu of Taxes, Interest & Penalties, Adult Education, Other Student Charges, Health Services, Revenue from other Districts, Interest & Earnings, Sale of Equipment, Refund of Prior Years Expenses, Miscellaneous, Inter-fund Transfers, Medicaid Reimbursement 16

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Reserve e Uti tiliz lization ation

Categor gory y 2019-20 20 Budget t 2020 2020-21 21 Pro rojec ection tion Retirement Contribution Reserve

(Employees Retirement System (ERS) Reserve)

$ 400,000 $ 400,000 Retirement Contribution Reserve

(Teachers Retirement System (TRS) Reserve

$ $ 150,000 EBALR Reserve

(Employees Benefit Accrued Liability Reserve)

$ 100,000 $ 100,000 Workers Compensation $ 25,000 $ 25,000 Debt Service $ 150,000 $ 150,000 Total $ 675,000 $ 825,000

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Ap Appr propria

priated

ed Fun und d Bal alanc ance e

2018-19 19 2019-20 20 Dif iffe fere rence ce Budget Projection Increase /(Decrease) $ 1,400,000 $ 1,400,000 $ Fund d Bala lance ce: : A fund balance is created when the school district has money left over at the end of its fiscal year from either under spending the budget or taking in additional revenue. A. . Appropria propriated ed Fund d Bala lance ce: : Any portion of a district’s fund balance from the previous fiscal year that is applied as revenue to the district’s following year’s budget. This reduces the amount of money that must be generated by taxes. B. . Unapp appropriat priated ed Fund d Bala lance nce: : A school district is permitted to keep up to four percent of its fund balance in an unappropriated fund. This money may be used to pay for emergency repairs and other unforeseen occurrences.

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Reven enue ue

Reve venue nue Sourc rce e 2019-20 20 2020 2020-21 21 Dif iffe ference rence Revenue from Non-Tax Sources $ 3,815,000 $ 3,991,556 $ 276,536 State Aid $26,363,141 $26,268,639 ($ 94,502) Library Bond Levy $ 429,450 $ 429,450 $ School Tax $62,506,673 $64,143,012 $1,636,239 Appropriated Fund Balance * $ 2,075,000 $ 2,225,000 $ 150,000 Total $95,089,284 $97,057,657 $1,968,373

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SLIDE 20

Em Emplo ployee ee Salaries alaries

Salari ries es 2019 19-20 20 Budge dget t 2020 2020-21 1 Budge dget t Differe erence ce % % Change ge Tot

tal

al Salar arie ies s

$45,802,259 $46,506,911 $704,652 1.54%

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Em Emplo ployee ee Ben enef efits its

Benefits fits 2019-20 20 Budget t 2020 2020-21 1 Budget t Dif iffe fere rence ce % % Change nge Total

tal Benefit

fits s $21,976,844 $22,726,512 $749,668 3.41% Retirement

TRS (Teachers Retirement System ) rates increase by .75% ERS (Employees Retirement System) rates increased by .10%

Health Insurance, Dental/Vision Rates are estimated to increase 2.55% resulting in a budget increase of approximately $ 327,022 Workers Compensation Rates decreased by $14,860 or 2.99% Health, Dental, Vision Insurance, Social Security, Retirement, Workers Compensation, Unemployment, Disability and Life Insurance.

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