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

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 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 Coxsackie-Athens Central 2

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

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 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 4

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

Cuts & Reductions ITEM ACTION POTENTIAL $$$ SAVINGS BOCES Services Eliminate CIO services $45,000 Transportation Eliminate 1 Regular Route $112,000 Eliminate 1 extra Run Personnel Cut: $310,000 • Administrative position • Reading Position(attrition) • ELA Position • Reading Position Reduce: • Summer Hours TOTAL $467,000 Coxsackie-Athens Central 6

Revenue Additions ITEM ACTION $$ ADDITION ESSA Federal Aid APPPROPRIATE TO GEN FUND $105,000 TEACHER SHARE .4FTE $35,000 TOTAL $140,000 Coxsackie-Athens Central 7

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

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

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

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

QUESTIONS 12

Changes in Budget 8.00% 7.46% 7.00% 6.04% 6.01% 6.00% 5.00% 4.25% 3.44% 3.53% 3.54% 4.00% 3.39% 3.00% 2.10% 1.57% 1.49% 1.45% 2.00% -0.04% 1.00% -0.96% 0.00% -1.00% Coxsackie-Athens Central 13

State Aid as % of Budget 50% 45% 40% 35% 37% 36% 35% 37% 35% 32%30%30%32%31%32% 34% 34% 34% 34% 30% 25% 20% Coxsackie-Athens Central 14

Changes in Levy 5.00% 4.91% 3.85% 3.67% 4.00% 3.41% 3.35% 3.25% 3.04% 2.99% 2.99% 3.00% 2.56% 1.77% 1.71% 2.00% 1.05% 1.00% 0.00% -0.55% -1.00% Coxsackie-Athens Central 15

Dollar Change 18 16 14 12 $2.33M 10 Salaries Health 8 Retirement 6 4 $1.26M 2 -$848K 0 2014-15 2020-21 Coxsackie-Athens Central 16

Percentage Change 40 30 33% 20 10 18% Health Salaries 0 2014-15 2020-21 Retirement -10 -35% -20 -30 -40 Coxsackie-Athens Central 17

Dollar Change 4 3.5 3 $1.5M 2.5 SPED 2 TRANS 1.5 $776k 1 0.5 0 2014-15 2020-21 Coxsackie-Athens Central 18

Percentage Change 0.8 0.7 0.6 0.5 76% SPED 0.4 Transport 0.3 48% 0.2 0.1 0 2014-15 2020-21 Coxsackie-Athens Central 19

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

Dollar Change 24 22 $2.74M 20 18 Big 3 $1.86M 16 Taxes 14 State Aid 12 10 $2.79M 8 2014-15 2020-21 Coxsackie-Athens Central 21

Percentage Change 35 30 25 31% 20 State Aid Big 3 15 Taxes 14% 10 5 11% 0 2014-15 2020-21 Coxsackie-Athens Central 22