2020 – 2021 Budget Presentation June 1, 2020 Presented by: Michael Wetherbee, Superintendent Jeffrey Miriello, Business Official
Purpose and Goals Review the Budget Calendar • Explain the Current Budget Climate • Present the 2020-21 Budget Proposal • 2
Budget Development Process November/December • Review Decisions of Previous Year • Plan Adjustments December/January • Anticipate Needs for Next Year • Review Enrollment (Ongoing) • Assess Student Needs (Ongoing) • BOE & Community Input Session - 1/16 3
Budget Development Process February/March Roll-Over Budget Presentation - 2/6 Cancelled • Roll-Over Budget Presentation 2/27 • Long-range Financial Plan - 2/27 • Preliminary Budget Presentation - 3/12 • April/May/June Budget Discussion & BOCES Budget Adoption - 4/21 • Budget & Property Tax Report Card Adoption - 5/21 • Budget Hearing - 6/1 • Budget Vote - 6/9 • 4
2020-21 Revenue Budget Proposal 2019-20 2020-21 Budget Proposed Budget Percentag Aid Category Change e Change Real Property Taxes 14,111,928.00 14,582,948.00 471,020.49 3.34% PILOTS 317,819.00 329,819.00 12,000.00 3.78% Interest & Penalties on Taxes 35,000.00 35,000.00 0.00 0.00% Other Charges - Services 1,000.00 1,000.00 0.00 0.00% Tuition - Other districts 63,129.00 63,129.00 0.00 0.00% Interest & Earnings 65,000.00 70,000.00 5,000.00 7.69% Interest on Reserves 5,000.00 0.00 -5,000.00 -100.00% Rental of Real Property - BOCES 57,500.00 57,500.00 0.00 0.00% 5
2020-21 Revenue Budget Proposal (Cont’d) 2019-20 2020-21 Budget Proposed Budget Percentage Aid Category Change Change Sale of Equipment 1,000.00 1,000.00 0.00 0.00% Other Compensation for Loss 1,000.00 1,000.00 0.00 0.00% Refund PY Exp-Other-Not Trans 195,000.00 195,000.00 0.00 0.00% Medic. Ass't-Sch Age-Sch Yr Pro 120,000.00 120,000.00 0.00 0.00% Appropriated Fund Balance 1,700,000.00 1,550,000.00 -150,000.00 -8.82% Appropriated Reserves 150,000.00 150,000.00 0.00 0.00% Total Non-Tax Levy & Misc Revenue $16,823,376.00 $17,156,396.00 $333,020.00 1.98% 6
2020-21 Executive Budget Proposal Cairo-Durham State Aid 2019-20 2020-21 Budget Proposed Budget Percentage Aid Category Change Change Foundation Aid $10,646,076 $10,646,076 $0 0.00% BOCES $849,959 $1,065,411 $215,452 25.35% Excess Cost (SWD) $646,985 $597,012 ($49,973) (7.72%) Hardware & Technology $15,664 $16,470 $806 5.15% Software, Library, Textbook $98,809 $98,115 ($694) (.70%) Transportation $1,500,532 $1,636,515 $135,983 9.06% High Tax Aid $184,142 $184,142 $0 0.00% Building Aid $1,040,908 $1,112,402 $71,494 6.87% Pandemic Adjustment 0 (485,663) (485,663) (100.00%) Federal Cares Restoration 0 485,663 485,663 100.00% Total State Aid $14,983,075 $15,356,143 $373,068 2.49% Add: Tax Levy & Other Revenue $16,823,376 $17,156,396 $333,020 1.98% Total Estimated Revenue $31,806,451 $32,512,539 $706,088 2.22% * While our aid is scheduled to increase by $373,068, the majority of this increase is on the expense driven aid side . 7
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Tax Increase on an “Average” Home Average Tax Impact (after estimated STAR exemption) Assessed Home Difference Town Value Tax Paid (2019-20) 3.34% Levy Increase* Per month Athens $ 100,000 $ 1,181.57 $ 1,235.03 $ 4.45 Cairo $ 100,000 $ 1,869.59 $ 1,945.85 $ 6.35 Catskill $ 100,000 $ 2,324.60 $ 2,416.37 $ 7.65 Conesville $ 100,000 $ 1,117.52 $ 1,169.37 $ 4.32 Coxsackie $ 100,000 $ 1,859.48 $ 1,934.63 $ 6.26 Durham $ 100,000 $ 1,692.35 $1,762.43 $ 5.84 Greenville $ 100,000 $ 1,608.33 $ 1,674.60 $ 5.52 Rensselaerville $ 100,000 $ 2,306.48 $ 2,397.45 $ 7.58 Note: to determine the tax difference based on a home value of $150,000, multiply the amount in the “Difference” column by 1.5. For an assessed home value of $200,000, multiply the amount in the “Difference” column by 2, and so on. These amounts are estimates and may differ slightly based on equalization rates and exemptions. 9
Grant Funding - Five Year Trend Data % Change 18/19 to Grant 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 19/20 Title I A&D 561,483 553,446 579,828 554,275 501,536 450,926 (10.09%) Title I SIG 110,000 100,000 97,400 20,000 50,000 150,000 200% Title IIA 71,030 69,401 68,201 107,824 72,669 56,382 (22.41%) Title IV NA NA NA NA 39,566 37,266 (5.81%) Title VIB 27,070 25,724 25,111 27,890 21,782 22,115 1.53% Section 611 343,119 329,160 324,688 338,311 334,866 (2.59%) 326,177 Section 619 18,307 17,258 18,185 18,190 18,524 1.18% 18,742 UPK 59,616 59,616 59,616 59,616 59,616 0% 59,616 Total 1,190,625 1,154,605 1,173,029 1,126,106 1,098,559 (2.06%) 1,121,224 10
Three-Part Budget (Administrative) 2020-21 2019-20 Expense Category Estimated Difference % Change Budget Budget Board Of Education $29,450 $31,685 $2,235 7.59% Central Administration $219,813 $241,146 $21,333 9.71% Finance Services $433,542 $437,942 $4,400 1.01% HR/Legal/Public Information $150,093 $86,937 ($63,156) (42.08%) Central Services $696,625 $844,137 $147,512 21.18% Supervisory/Improvement $1,181,146 $1,101,003 ($80,143) (6.79%) Fringe Benefits $575,582 $586,295 $10,713 1.86% Administrative Total $3,286,251 $3,329,145 $42,893 1.31% 11
Three-Part Budget Budget (Program) 2020-21 2019-20 Expense Category Estimated Difference % Change Budget Budget Legal $65,000 $70,000 $5,000 7.69% $158,355 Regular Instruction $8,309,044 $8,467,399 1.91% Special Education $4,366,513 $4,219,956 ($146,557) (3.36%) Occupational Education $813,499 $825,552 $12,053 1.48% Library/Technology $1,128,089 $1,154,676 $26,587 2.36% Student Services $1,287,548 $1,313,424 $25,876 2.01% Transportation $1,976,971 $2,022,927 $45,956 2.32% Interfund Transfers $190,000 $210,000 $20,000 10.53% Fringe Benefits $6,238,286 $6,354,394 $116,108 1.86% Program Total $24,374,950 $24,638,328 $263,378 1.08% 12
Three-Part Budget Budget (Capital) 2020-21 2019-20 Expense Category Estimated Difference % Change Budget Budget Operations & Maintenance $1,873,412 $2,010,388 $136,976 7.31% Certiorari/Judgements $8,000 $8,000 $0 0.00% Debt Services $1,709,411 $2,023,891 $314,480 18.40% Transfer to Capital Fund $159,000 $100,000 ($59,000) (37.11%) Fringe Benefits $395,427 $402,787 $7,360 1.86% Capital Total $4,145,250 $4,545,066 $399,816 9.65% 13
Three-Part Budget Budget 2019-20 2020-21 Budget Component Difference $ $ Change % Approved Budget Budget Administrative $3,286,251 $3,329,145 $42,894 1.31% Program $24,374,950 $24,638,328 $263,378 1.08% Capital $4,145,250 $4,545,066 $399,816 9.65% Total $31,806,451 $32,512,539 $706,088 2.22% 14
Contingency Budget Tax levy cannot increase year-over-year, which would result in a budget of $32,041,519, a reduction of $471,020 (current tax levy increase) from the current proposed budget Examples of expenses that HAVE to be eliminated under a contingency budget: ● Equipment purchases ● New capital expenditures, with the exception of emergency situations ● Free public use of school buildings Examples of expenditures that could be reduced or eliminated under a contingency budget at the discretion of the Board of Education: ● Extracurricular activities/clubs ● Athletics ● Field Trips ● Non-required programs and services such as elementary Art and Music programs, Project Lead the Way, Advanced Placement classes & electives 15
$100,000 Project • Capital outlay exception –“$100,000” – projects – Law provides that a district may receive building aid in the following aid year for one project each year in the district, not to exceed $100,000 – Require full voter authorization through budget vote – Must be paid by budget appropriation – Districts may not use borrowed money for these projects *This type of project can apply to one building (control number) each year. 16
2019-20 $100,000 Project: Continue Roof Work at CDE 17
Proposition 1: Budget Vote RESOLVED that the proposed budget of expenditures of the District for the school year 2020-2021, in the amount of $32,512,539, and for the purposes shown in the statement of estimated expenditures adopted by the Board of Education, be and the same hereby is approved and the amount thereof shall be raised by a levy of a tax upon the taxable property of the school district, after first deducting the monies available from State Aid and other sources as provided by law. YES ________ NO __________ 18
Proposition 2: Purchase of Buses SHALL the Board of Education of the Cairo-Durham Central School District be authorized to: (1) acquire school buses at a maximum aggregate cost of approximately $426,157.20; (2) expend such sum for such purpose; (3) levy the necessary tax therefore, to be levied and collected in annual installments in such years and in such amounts as may be determined by the Board of Education taking into account state aid; and (4) in anticipation of the collection of such tax, issue bonds, notes and/or installment purchase contracts of the District at one time or from time to time in the principal amount not to exceed $426,157.20, and levy a tax to pay the interest on said obligations when due? YES ________ NO __________ 19
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