2020-21 Budget Presentation 3 May 14, 2020 Coxsackie-Athens - - PowerPoint PPT Presentation

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2020-21 Budget Presentation 3 May 14, 2020 Coxsackie-Athens - - PowerPoint PPT Presentation

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2020-21 Budget Presentation 3 May 14, 2020 Coxsackie-Athens Central 1 Taxes & State Aid 2019 20 2020-21 $ Change % Change State Aid $11,040,829 $11,544,772 $503,943 4.56% Taxes $17,949,247 $18,342,641 $393,394 2.19% Tax

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SLIDE 1

2020-21 Budget

Presentation 3

May 14, 2020

Coxsackie-Athens Central 1

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SLIDE 2

Taxes & State Aid

2019—20 2020-21 $ Change % Change State Aid $11,040,829 $11,544,772 $503,943 4.56% Taxes $17,949,247 $18,342,641 $393,394 2.19%

Coxsackie-Athens Central 2

Tax Levy Revenue 1.00% $179,492 2.00% $358,984 2.19% $393,394 3.00% $538,476 4.00% $717,968 5.00% $897,460 5.61% $1,006,950

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SLIDE 3

2020-21 BUDGET

EXPENDITURES $33,818,634 REVENUE $13,143,262 TAX LEVY @ cap $18,342,641 APPROPRIATED FUND BALANCE $1,625,000 APPROPRIATED RESERVES $100,000 TOTAL REVENUE 33,210,903 SHORTFALL $607,731

Coxsackie-Athens Central 3

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SLIDE 4

Exceed the Cap?

  • Total levy at cap:

2.19% or $393,394

  • Additional levy needed:

3.41% or $612,067

  • Total Levy to offset Gap:

5.60% or $1,005,461

4

Tax Levy Revenue 1.00% $179,492 2.00% $358,984 2.19% $393,394 3.00% $538,476 4.00% $717,968 5.00% $897,460 5.61% $1,006,950

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SLIDE 5

Unknown

  • Revenue Cuts

– Governor has authority to make further cuts to

state aid at the end of April, fall and winter.

– He has submitted his April proposed cuts.

  • Districts do not know how much these cuts in state aid will be to

each public school or when we will know.

  • An overview of his submittal indicates 15%+ in cuts.
  • Federal Aid

– There is no current visible movement for the

federal gov’t to provide additional aid directly to local schools and municipalities.

5

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SLIDE 6

ITEM ACTION POTENTIAL $$$ SAVINGS BOCES Services Eliminate CIO services $45,000 Transportation Eliminate 1 Regular Route Eliminate 1 extra Run $112,000 Personnel Cut:

  • Administrative position
  • Reading Position(attrition)
  • ELA Position
  • Reading Position

Reduce:

  • Summer Hours

$310,000 TOTAL $467,000

Coxsackie-Athens Central 6

Cuts & Reductions

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SLIDE 7

ITEM ACTION $$ ADDITION ESSA Federal Aid APPPROPRIATE TO GEN FUND $105,000 TEACHER SHARE .4FTE $35,000 TOTAL $140,000

Coxsackie-Athens Central 7

Revenue Additions

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SLIDE 8

Impact

  • Class sizes will remain at or below current

levels.

  • No loss of student program offerings or

services.

  • District-wide consistent implementation of

interventions:

– Prescriptive data informed interventions. – More emphasis on tier 1 classroom intervention. – Students needing tier 2 and 3 intervention will

receive targeted services.

8

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SLIDE 9

AUSTERITY PLANS

Develop “what if” plans in case:

  • BUDGET DEFEATED:

$ 400,000 lost revenue

  • 10% STATE AID CUT: $ 500,300 lost revenue
  • 15% STATE AID CUT: $1,655,300 lost revenue
  • 20% STATE AID CUT: $2,201,961 lost revenue

9

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SLIDE 10

2020-21 BUDGET

PROPOSAL

Budget $33,105,903 Year to Year Change: 2.14% $694,889 Estimated Tax Levy Increase: 2.19% $393, 394

Coxsackie-Athens Central 10

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SLIDE 11

NEXT STEPS

  • Finalize transition and transformation plans

for fall and 2020-21.

  • Health and safety

– Disposable masks = $140,000+ for 1 year supply

  • Prepare 9,000+ ballots ($x.00 per ballot)

11

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SLIDE 12

QUESTIONS

12

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SLIDE 13

Changes in Budget

  • 1.00%

0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 7.46%

6.01% 4.25% 1.45%

  • 0.04%
  • 0.96%

3.44% 6.04% 3.53% 3.39% 1.57% 2.10% 1.49% 3.54%

Coxsackie-Athens Central 13

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SLIDE 14

State Aid as % of Budget

20% 25% 30% 35% 40% 45% 50% 35% 35% 36% 37% 37% 32%30%30%32%31%32% 34% 34% 34% 34%

Coxsackie-Athens Central 14

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SLIDE 15

Changes in Levy

  • 1.00%

0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 4.91%

3.04% 3.67% 1.77% 2.99% 3.35% 2.99% 3.25% 3.41% 1.05%

  • 0.55%

2.56% 1.71% 3.85%

Coxsackie-Athens Central 15

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SLIDE 16

2 4 6 8 10 12 14 16 18

2014-15 2020-21 Salaries Health Retirement

Coxsackie-Athens Central 16

Dollar Change

$2.33M $1.26M

  • $848K
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SLIDE 17
  • 40
  • 30
  • 20
  • 10

10 20 30 40

2014-15 2020-21 Health Salaries Retirement

18%

Coxsackie-Athens Central 17

Percentage Change

33%

  • 35%
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SLIDE 18

0.5 1 1.5 2 2.5 3 3.5 4

2014-15 2020-21

SPED TRANS

Coxsackie-Athens Central 18

Dollar Change

$1.5M $776k

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SLIDE 19

0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8

2014-15 2020-21 SPED Transport

Coxsackie-Athens Central 19

76% 48%

Percentage Change

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SLIDE 20

Big 3 Expenditures + Two

2019—20 2020-21 $ Change % Change Salaries $15,108,128 $15,480,356 $372,228 2.5% Health Ins. $4,841,331 $5,023,966 $182,635 3.7% Retirement $1,449,573 $1,577,221 $127,648 8.8% Transport $2,165,881 $2,407,872 $242,291 11.1% Special Educ. $3,146,883 $3,514,846 $367,963 11.7%

Coxsackie-Athens Central 20

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SLIDE 21

Dollar Change

8 10 12 14 16 18 20 22 24

2014-15 2020-21 Big 3 Taxes State Aid

$2.79M

Coxsackie-Athens Central 21

$2.74M $1.86M

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SLIDE 22

Percentage Change

5 10 15 20 25 30 35

2014-15 2020-21 State Aid Big 3 Taxes

Coxsackie-Athens Central 22

31% 14% 11%