2020-21 Budget Presentation Budget Updates April 21, 2020 APRIL - - PowerPoint PPT Presentation

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2020-21 Budget Presentation Budget Updates April 21, 2020 APRIL - - PowerPoint PPT Presentation

Dec 30, 2023 327 likes •481 views

2020-21 Budget Presentation Budget Updates April 21, 2020 APRIL 21 TOPICS Vote Dates State Aid Revenue Summary Other State Aid Adjustments Appropriations Next Steps 2020-21 VOTE DATES No Updates since the

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SLIDE 1

2020-21 Budget Presentation

Budget Updates April 21, 2020

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SLIDE 2

APRIL 21 TOPICS

  • Vote Dates
  • State Aid
  • Revenue Summary
  • Other State Aid Adjustments
  • Appropriations
  • Next Steps
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SLIDE 3

2020-21 VOTE DATES

  • No Updates since the April 7 meeting
  • Executive Order 202.13 postpones the Budget Vote to

no earlier than June 1

  • Waiting for confirmation on final date and format
  • Adjusted timeline will be created once we have final

vote date – Budget Adoption, Hearing, etc.

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SLIDE 4

2020-21 STATE AID

  • Foundation Aid is flat – being held at the 2019-20

amounts

  • Expense based aids – no changes to formulas, not

rolled into Foundation Aid

  • Pandemic Adjust and Federal Cares Restoration =

$214,444

  • IC Revenue Budget includes Restoration funds
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SLIDE 5

2020-21 STATE AID DETAIL

ICHABOD CRANE CSD: STATE AID

State Aid Category 2019-20 2020-21 Change ($) Change (%) State Aid Excess Cost/High Cost $ 687,831 $ 661,788 $ (26,043)

  • 3.79%

State Aid Basic Formula $ 10,803,851 $ 10,803,852 $ 1 0.00% State Aid-Transportation $ 1,621,903 $ 1,795,494 $ 173,591 10.70% State Aid Building Regular $ 1,102,689 $ 830,157 $ (272,532)

  • 24.72%

State Aid Computer/Technology Hard $ 23,865 $ 24,127 $ 262 1.10% State Aid Boces $ 1,131,873 $ 1,277,116 $ 145,243 12.83% State Aid Textbooks(Software,Library) $ 145,848 $ 141,514 $ (4,334)

  • 2.97%

Other State Aid $ 226,757 $ 226,757 $ - 0.00% Pandemic Adjustment $ - $ (214,444) Federal Cares Restoration $ 214,444 Totals $ 15,744,617 $ 15,760,805 $ 16,188 0.10%

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SLIDE 6

2020-21 REVENUE SUMMARY

Property Tax Cap (2.57%) $24,618,359 Total State Aid $15,760,805 Other: Rents, Tuition, Misc. $1,178,816 Fund Balance/Reserves $825,000

Total Revenue (1.89% Increase) $42,382,980

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SLIDE 7

OTHER STATE AID ADJUSTMENTS

  • Enacted NYS budget authorizes DOB’s Budget Director to adjust

state spending (including School Aid) if actual state revenues decrease and/or expenditures increase beyond certain levels

  • Legislators have a 10 day period to make changes to

adjustments

  • Revenues and expenditures will be evaluated at fixed

“Measurement Periods” throughout the state fiscal year

  • Measurement Periods:
  • April 1 - April 30
  • May 1 - June 30
  • July 1 - December 31
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SLIDE 8

OTHER STATE AID ADJUSTMENTS (Continued)

  • Authorizes DOB’s Budget Director to adjust/reduce any General

Fund and/or state Special Revenue Fund appropriations by any amount to maintain a balanced budget for the 2020-21 FY Unbalanced Budget Determination

  • During any Measurement Period, the budget will be deemed

unbalanced for the 2020-21 fiscal year if:

  • Actual State Operating Funds Tax Receipts are less than

99% of Estimated State Operating Funds Tax Receipts Or

  • Actual State Operating Funds Disbursements are more than

101% of Estimated State Operating Funds Disbursements,

  • r both
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SLIDE 9

OTHER STATE AID ADJUSTMENTS (Continued)

Uncertainty/Unanswered Questions Remain

  • What will be the mechanism used for any future

adjustments?

  • How will the adjustment process work and what is the

direct impact to State Aid for school districts?

  • Will there be additional Federal Aid?
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SLIDE 10

OTHER STATE AID ADJUSTMENT PLAN

How will we address if there’s additional reductions in aid?

  • After each Measurement Period assess deficit gap

and determine if it can be restored by one of the following or a combination:

  • 1. Additional Federal funding
  • 2. District Reserve Funds
  • 3. Reduction of Equipment and Supplies
  • 4. Reduction of Program
  • 5. Reduction of Staff
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SLIDE 11

2020-21 APPROPRIATIONS HIGHLIGHTS

  • No Cuts to Staff
  • Maintains all Programming
  • Includes all union contract updates
  • Includes retirement and replacement of 4 teachers
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SLIDE 12

Non-Instructional & Instructional Budget Projection Comparison

Instructional vs. Non-Instructional Comparison

Account Name Budget 2019-20 Budget 2019-20 $ Change % Change % of Overall Budget Total Non-Instructional Budget $19,610,240 $19,951,967 $341,727 1.74% 47% Total Instructional Budget $21,986,961 $22,431,013 $444,052 2.02% 53% Total General Fund Budget $41,597,201 $42,382,980 $785,779 1.89% 100%

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SLIDE 13

2020-21 NEXT STEPS

  • Assess the April 30th Measurement Period
  • Revise Budget Timeline
  • Establish new meeting dates
  • Adopt Budget
  • Create vote plan and protocols

Questions?