Adopted 2018 2019 School Budget Adopted 2018-19 Budget ADOPTED - - PowerPoint PPT Presentation

Adopted 2018 – 2019 School Budget

Adopted 2018-19 Budget

ADOPTED ESTIMATED ADOPTED BUDGET END OF YEAR BUDGET BUDGET APPROPRIATIONS 2017/18 2017/18 2018/19 CHANGE General Support $4,338,652 $4,875,576 $4,468,551 $129,899 2.99% Instruction $29,980,992 $28,437,330 $31,268,192 $1,287,200 4.29% Pupil Transportation $1,550,457 $1,391,000 $1,792,235 $241,778 15.59% Undistributed $12,584,213 $12,164,858 $12,989,608 $405,395 3.22% TOTAL $48,454,314 $46,868,764 $50,518,586 $2,064,272 % BUDGET CHANGE 4.26% ADOPTED ESTIMATED ADOPTED BUDGET END OF YEAR BUDGET BUDGET REVENUES 2017/18 2017/18 2018/19 CHANGE State Aid $5,385,000 $5,600,000 $5,496,235 $111,235 2.07%

• Misc. Receipts

$1,150,000 $1,292,000 $972,000

• $178,000
• 15.48%

Appropriated Balance $1,940,000 $1,940,000 $2,100,000 $160,000 8.25% Retirement Reserve $725,000 $725,000 $750,000 $25,000 3.45% Transfer from Debt Service $0 $0 $0 $0 0.00% Reserve for Tax Certiorari $550,000 $550,000 $350,000

• $200,000
• 36.36%

Transfer from Capital Reserve $0 $0 $0 $0 0.00% Property Taxes $38,704,314 $38,704,314 $40,850,351 $2,146,037 5.54% Total Receipts $48,454,314 $48,851,314 $50,518,586 $2,064,272 % PROP TAX CHANGE 5.54% Assessed Valuation $1,854,390,638 $1,939,364,759 * $84,974,121 Tax Rate $20.86 $21.06 $0.20 Tax Rate Change 0.97% *Assessed valuation is subject to change.

Tax Cap Calculation 18-19 Budget

Tax Levy FYE 2018 $38,704,314 Tax Base Growth Factor 1.0392 PILOTS Receivable FYE 06/30/2018 $6,000 Capital Levy for FYE 06/30/2018 $0 Allowable Levy Growth Factor 1.0200 PILOTs Receivable FYE 06/30/2019 $7,000 Total Levy Limit Before Adjustments/Exclusions $41,025,074

Capital Levy for FYE 06/30/19

$114,232 Tax Levy Limit Adjusted for Transfers, Plus Exclusions $41,139,306 2019 Proposed Levy, Net of Reserve $40,850,351 Difference between Tax Levy Limit Plus Exclusions and Proposed Levy $288,955

Tax Levy Limit Before Adjustments and Exclusions Exclusions

Program Proposals 2018-19

Additions School FTE Literacy Specialist FMS/HHS 1.0 Math Coach for Middle School Math Curriculum FMS 1.0 PD - Training with Jim Wright FMS N/A RULER Program-Phase 2 FMS N/A Enhance PBIS Program FMS N/A Enhance Community Service Club FMS N/A Meet 5th Grade Next Generation Science Standards FMS N/A Support Middle School Science Fair FMS N/A PD - Attend POC National Convention FMS N/A Calculator Math Classes FMS/HHS N/A Additional PE Staffing (.3 FTE x $120,000) HHS 0.3 Additional Contractual Security Personnel District N/A

Proposals included in Adopted Budget Detail

Program Proposals 2018-19

Additions School FTE Hillside Resource Room Special Education Teacher Special Ed 1.0 Secondary Literacy Support (Contingency) Special Ed 1.0

Program Proposals 2018-19

Additions School FTE Full time School Counselor Hillside 0.8

Program Proposals 2018-19

Proposal School FTE Increase Existing District Psychologist Special Ed 0.2 Psychologist, CPSE/504 Chair Special Ed 1.0

Program Proposals 2018-19

Additions School FTE Additional In-District Bus with Monitor District N/A

Revenue: Summary

• Anticipate $111,000 increase in state aid
• Transfer $2,100,000 of appropriated fund balance to

revenue

• Transfer $750,000 from Retirement Reserve to revenue
• Transfer $350,000 from Tax Certiorari Reserve to

revenue

• Decrease in miscellaneous receipts of $178,000 –

Tuition Other Districts, Day School Tuition & BOCES Classroom Rental

Revenues

REVENUE SUMMARY

2017-2018 2017-2018 2018-2019 ADOPTED ESTIMATED END ADOPTED REVENUE BUDGET OF YEAR BUDGET Other Charges - Custodial Fees $42,000 $45,000 $45,000 Day School Tuition $217,000 $250,000 $190,000 Tuition Other Districts $125,000 $185,000 $40,000 Interest on Deposits & Investments $20,000 $18,000 $20,000 Admissions From Individuals-Theater $20,000 $20,000 $20,000 Borderline Properties $56,000 $80,000 $65,000 Unclassified Revenues $150,000 $150,000 $150,000 Sales Tax $425,000 $450,000 $442,000 Rental-BOCES $95,000 $94,000 $0 State Aid - Foundation and Other $3,537,123 $3,700,000 $3,743,000

• Building

$930,000 $838,000 $750,000

• BOCES

$775,000 $920,000 $861,235

• Textbooks

$142,877 $142,000 $142,000 State Aid -Total $5,385,000 $5,600,000 $5,496,235 TOTAL REVENUE OTHER THAN REAL PROPERTY $6,535,000 $6,892,000 $6,468,235 APPROPRIATED FUND BALANCE $1,940,000 $1,940,000 $2,100,000 RETIREMENT RESERVE $725,000 $725,000 $750,000 RESERVE FOR TAX CERTIORARI $550,000 $550,000 $350,000 AMOUNT TO BE RAISED BY PROPERTY TAXES $38,704,314 $38,704,314 $40,850,351 TOTAL REVENUE $48,454,314 $48,811,314 $50,518,586

Fund Balance at June 30, 2018

June 30, 2016 June 30, 2017 Est. June 30, 2018 Tax Certiorari $2,702,545 $2,382,478 $1,050,000 Employee benefit accrued liability $253,049 $209,587 $250,000 Retirement system contributions $1,587,747 $1,553,310 $1,000,000 Debt service $20,217 $20,237 $20,237 Repairs $200,000 $200,000 $200,000 Future capital projects $150,000 $150,000 $850,000 Total - Restricted $4,913,558 $4,515,612 $3,370,237 Total - Unassigned $1,797,586 $1,938,173 $2,010,894

RESOLVED, that the Board of Education of the Hastings-on-Hudson Union Free School District hereby authorizes a proposition to be put before the School District's voters at the Annual Meeting and Election that seeks approval to amend the Capital Reserve Fund authorized at the Annual Meeting and Election held on May 17, 2011 to increase the probable term of the fund to fifteen (15) years, to increase the ultimate amount of the fund to Five Million ($5,000,000) Dollars for the purpose of improvements, repairs, reconstruction, and renovation of and additions to School District buildings, facilities and athletic fields, including electrical systems, roofs, windows, gutters, doors, building systems (e.g. fire alarms, PA sound systems, boilers, venting, air condition/air handling systems, moisture deterrents, backflow preventers), plumbing systems, kitchens, drainage, health and safety measures (e.g. security cameras, vestibules, electronic access), site work, drainage and irrigation systems, turf, bleachers, parking lots, stairs, sidewalks, pathways, fencing, electronic locks, site lighting, and/or

• ther needs identified in the Five-Year Building Conditions Survey and to expand the

sources of funds to include budgetary appropriations and transfers when warranted and properly authorized from other reserve funds, and to authorize the transfer of $275,000 from the Debt Service Reserve Fund to this Capital Reserve Fund.

Capital Reserve Fund

Proposition

YES NO RESOLVED, that the Board of Education of the Hastings-on-Hudson Union Free School District is hereby authorized to amend the Capital Reserve Fund authorized at the Annual Meeting and Election held on May 17, 2011 to increase the probable term of the fund to fifteen (15) years, to increase the ultimate amount of the fund to Five Million ($5,000,000) Dollars for the purpose of improvements, repairs, reconstruction, and renovation of and additions to School District buildings, facilities and athletic fields, including electrical systems, roofs, windows, gutters, doors, building systems (e.g. fire alarms, PA sound systems, boilers, venting, air condition/air handling systems, moisture deterrents, backflow preventers), plumbing systems, kitchens, drainage, health and safety measures (e.g. security cameras, vestibules, electronic access), site work, drainage and irrigation systems, turf, bleachers, parking lots, stairs, sidewalks, pathways, fencing, electronic locks, site lighting, and/or other needs identified in the Five-Year Building Conditions Survey and to expand the sources of funds to include budgetary appropriations and transfers when warranted and properly authorized from other reserve funds, and to authorize the transfer of $275,000 from the Debt Service Reserve Fund to this Capital Reserve Fund. .

May 15: Budget Vote and School Board Election