2020-21 Royalton-Hartland CSD Budget Presentation #1 Operations - - PowerPoint PPT Presentation

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Aug 24, 2022 322 likes •428 views

2020-21 Royalton-Hartland CSD Budget Presentation #1 Operations & Maintenance, Transportation, Debt and Revenue PRESENTED BY: ANDY LANG BUDGET TIMELINE January 23, 2020 First Budget Draft Overview Board of Education Work Session

SLIDE 1

2020-21 Royalton-Hartland CSD Budget Presentation #1

Operations & Maintenance, Transportation, Debt and Revenue

PRESENTED BY: ANDY LANG

SLIDE 2

BUDGET TIMELINE

January 23, 2020 Board of Education Work Session

First Budget Draft Overview

February 13, 2020 Board of Education Meeting

Budget Presentation: Operations/Maintenance/Transportation/Debt/Revenue

March 12, 2020 Board of Education Meeting

Budget Presentation: Special Education/Instructional/BOCES Programs

March 26, 2020 Board of Education Work Session

Budget Presentation: Benefits/Budget Overview

April 23, 2020 Board of Education Meeting

Proposed 2020—2021 Budget approved by Board of Education

April 30, 2020

Deadline to complete and approve budget.

May 7, 2020

Budget Hearing at 6:30 p.m./Regular Board meeting at 7:00 p.m.—HS LMC

May 19, 2020

Annual Meeting/Board Election/Budget Vote Polls open: 12:00 p.m.—8:00 p.m in the HS Auxiliary Gym

July 1, 2020

Implementation of 2020—2021 Budget

SLIDE 3

ESTIMATED REVENUE 2020-21

REVENUE SOURCE 2019-20 2020-21 % DIFF $ DIFF State Aid $13,948,689 $14,506,637 4.0% $557,948 Real Property Taxes $10,453,732 $10,683,714 2.2% $229,982 Interest And Penalties on Property Taxes $10,000 $10,000 0.0% $0 Payments In Lieu Of Taxes (PILOTs) $27,000 $27,000 0.0% $0 Tuition, Admission, Other Student Fees $40,600 $40,600 0.0% $0 Interest & Earnings $10,000 $15,000 50.0% $5,000 Rental Of Real Property/Services provided to BOCES $79,203 $79,203 0.0% $0 Refund Of Prior Years Exp, BOCES $180,000 $180,000 0.0% $0 Miscellaneous $33,500 $33,500 0.0% $0 TOTAL REVENUES $24,782,724$25,575,654 3.2% $792,930 Appropriated Fund Balance $1,124,697 $1,895,617 68.5% $770,920 Workers Compensation Reserve $30,000 $100,000 233.3% $70,000 Reserve for Retirement $300,000 $300,000 0.0% $0 Total Appropriation Fund Balance & Reserves $1,454,697 $2,295,617 57.8% $840,920 TOTAL REVENUES, APPROPRIATED FUND BALANCE & RESERVES $26,237,421$27,871,271 6.2% $1,633,850

SLIDE 4

MAXIMUM ALLOWABLE TAX LEVY INCREASE

2019-20 Tax Levy $10,453,732 Multiply by the Tax Base Growth Factor 1.0044 Add: 2019-20 PILOTS $31,091 Subtract: Taxes Levied for Exclusions $0 Adjusted 2019-20 Tax Levy $10,530,819 Multiply by the Allowable Levy Growth Factor 1.0181 Subtract: 2020-21 PILOTS Receivable $25,016 Add: Carryover from Prior Year $668 2020-21 Tax Levy Limit Before Exclusions $10,697,079 Add: Taxes Levied for Exclusions (Below) $0 Maximum Allowable Tax Levy $10,697,079 Maximum Allowable Net Levy Increase $243,347 Maximum Allowable % Levy Increase 2.33%

SLIDE 5

APPROPRIATIONS – OPERATIONS & MAINTENANCE

OPERATION AND MAINTENANCE OF FACILITIES

2019-20 (BUDGET) 2020-21 (PROPOSED) % CHANGE $CHANGE

A1620.160 - SALARIES: OPERATIONS $295,300 $320,450 8.52% $25,150 A1620.200 - EQUIPMENT: OPERATIONS $41,100 $15,000

63.50%
$26,100

A1620.400 - CONTRACTUAL: OPERATIONS $609,000 $529,000

13.14%
$80,000

A1620.450 - MATERIALS AND SUPPLIES: OPERATIONS $84,500 $84,500 0.00% $0 A1620.490 - BOCES SERVICES: OPERATIONS $24,000 $24,000 0.00% $0 A1621.160 - SALARIES: MAINTENANCE $610,000 $640,935 5.07% $30,935 A1621.200 - EQUIPMENT: MAINTENANCE $15,000 $5,000

66.67%
$10,000

A1621.400 - CONTRACTUAL: MAINTENANCE $237,000 $233,000

1.69%
$4,000

A1621.450 - MATERIALS AND SUPPLIES: MAINTENANCE $207,000 $197,000

4.83%
$10,000

TOTAL $2,122,900 $2,048,885

3.49%
$74,015

SLIDE 6

APPROPRIATIONS – TRANSPORTATION

TRANSPORTATION 2019-20 (BUDGET) 2020-21 (PROPOSED) % CHANGE $CHANGE A5540.400 - CONTRACTUAL * $1,946,047 $2,728,583 40.21% $782,536 A5540.450 - FUEL $251,900 $232,000

7.90%
$19,900

TOTAL $2,197,947 $2,960,583 34.70% $762,636 * Included in the 2020-21 budget is the first year of a five year contract for student transportation. The cumulative five year cost is estimated to be $6,322,811 for transportation of students from home to school, $7,513,331 for transportation of students to out of District placements and $309,529 for transportation of students to athletic competitions and field trips.

SLIDE 7

APPROPRIATIONS – DEBT SERVICE

DEBT SERVICE 2019-20 (BUDGET) 2020-21 (PROPOSED) % CHANGE $CHANGE A9711.600 - PRINCIPAL: SERIAL BONDS $215,000 $220,000 2.33% $5,000 A9711.700 - INTEREST: SERIAL BONDS $78,019 $73,719

5.51%
$4,300

TOTAL $293,019 $293,719 0.24% $700 Debt Schedule - 2014 $3.75M Bond Issuance

Fiscal Year Principal Interest TOTAL Remaining Principal Beginning N/A N/A N/A $3,750,000.00 2014-15 $200,000.00 $95,508.46 $295,508.46 $3,550,000.00 2015-16 $200,000.00 $94,518.76 $294,518.76 $3,350,000.00 2016-17 $205,000.00 $90,518.76 $295,518.76 $3,145,000.00 2017-18 $210,000.00 $86,418.76 $296,418.76 $2,935,000.00 2018-19 $210,000.00 $82,218.76 $292,218.76 $2,725,000.00 2019-20 $215,000.00 $78,018.76 $293,018.76 $2,510,000.00 2020-21 $220,000.00 $73,718.76 $293,718.76 $2,290,000.00 2021-22 $225,000.00 $69,318.76 $294,318.76 $2,065,000.00 2022-23 $230,000.00 $62,568.76 $292,568.76 $1,835,000.00 2023-24 $240,000.00 $55,668.76 $295,668.76 $1,595,000.00 2024-25 $245,000.00 $48,468.76 $293,468.76 $1,350,000.00 2025-26 $250,000.00 $41,118.76 $291,118.76 $1,100,000.00 2026-27 $260,000.00 $33,618.76 $293,618.76 $840,000.00 2027-28 $235,000.00 $25,818.76 $260,818.76 $605,000.00 2028-29 $235,000.00 $18,768.76 $253,768.76 $370,000.00 2029-30 $245,000.00 $11,718.76 $256,718.76 $125,000.00 2030-31 $125,000.00 $4,062.50 $129,062.50 $0.00 N/A $3,750,000.00 $972,052.36 $4,722,052.36 N/A Bond is callable on or after 6/15/2022

SLIDE 8

DRAFT #1 TOTAL APPROPRIATIONS

2019-20 (Budgeted) 2020-21 (Proposed) $ Change % Change % of Total Administrative $2,708,478 $2,619,531

$88,947
3.3%

9% Capital $2,836,845 $2,791,298

$45,547
1.6%

10% Program $20,692,098 $22,460,442 $1,768,344 8.5% 81% Total $26,237,421 $27,871,271 $1,633,850 6.2% 100%

Administrative 9% Capital 10% Program 81%

% of Total Budget

Administrative Capital Program

SLIDE 9

DRAFT#1 SUMMARY

FISCAL YEAR 2019-20 (Budgeted) 2020-21 (Estimated) % DIFF $ DIFF TOTAL REVENUE $24,782,724 $25,575,654 3.2% $792,930 APPROPRIATED FUND BALANCE $1,124,697 $1,895,617 68.5% $770,920 WORKERS COMPENSATION RESERVE $30,000 $100,000 233.3% $70,000 RESERVE FOR RETIREMENT $300,000 $300,000 0% $0 TOTAL REVENUES, APPROPRIATED FUND BALANCE & RESERVES $26,237,421 $27,871,271 6.2% $1,633,850 APPROPRIATIONS $26,237,421 $27,871,271 6.2% $1,633,850 APPROPRIATIONS/REVENUE GAP $0 $0

SLIDE 10

THANK YOU! QUESTIONS?