2020-21 Budget Presentation 2 How We Arrived to a New Decade April - - PowerPoint PPT Presentation

2020-21 Budget

Presentation 2

How We Arrived to a New Decade April 21, 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%

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

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

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

Unknown

• Revenue Cuts

– Governor has authority to make further cuts to

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

– Could amount to at least $263,000 or more

• Equals amount of CARES federal stimulus
• Build up now and utilize unrestricted fund

balance to cushion any cuts during the year

– Savings from:

• Less subs, transportation savings, no field trips, etc.

5

ITEM ACTION POTENTIAL $$$ SAVINGS BOCES Services Eliminate services $46,000 Equipment, PD, contracts Reduce $25,300 Transportation Bus runs $104,000 Personnel Cuts Reduce hours/days/stipends $440,700 TOTAL $616,000

Coxsackie-Athens Central 6

Potential Cuts & Reductions

Impact

• Class sizes will remain at or below current

levels.

• No loss of student program offerings.
• Shift to district-wide RtI model to better

utilize personnel.

• Ready for future rLearning scenarios

7

Next Steps

• Await potential loss of aid at end of April or
• ther limits on revenue.
• Finalize appropriation of federal funds.
• Finalize special education services.
• Present full proposal at TBD budget

workshop in May.

• Await state guidance on budget voting.
• Budget vote? In June.

8

9

Personnel

1999-00 2019-20 Administrators, Supervisors 12 13 Teachers, nurses, counselors 129 129 Aides & Assistants 21 46 Clerical, MC 16 12 Custodial 13 15 Enrollment 1,592 1,244

Coxsackie-Athens Central 10

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 11

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 12

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%

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2 4 6 8 10 12 14 16 18

2014-15 2020-21 Salaries Health Retirement

Coxsackie-Athens Central 14

Dollar Change

$2.33M $1.26M

• $848K

• 40
• 30
• 20
• 10

10 20 30 40

2014-15 2020-21 Health Salaries Retirement

18%

Coxsackie-Athens Central 15

Percentage Change

33%

• 35%

0.5 1 1.5 2 2.5 3 3.5 4

2014-15 2020-21

SPED TRANS

Coxsackie-Athens Central 16

Dollar Change

$1.5M $776k

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 17

76% 48%

Percentage Change

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 18

Dollar Change

8 10 12 14 16 18 20 22 24

2014-15 2020-21 Big 3 Taxes State Aid

$2.79M

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$2.74M $1.86M

Percentage Change

5 10 15 20 25 30 35

2014-15 2020-21 State Aid Big 3 Taxes

Coxsackie-Athens Central 20

31% 14% 11%