Board of Education Meeting 2019-2020 Budget March 18, 2019 First - - PowerPoint PPT Presentation

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Board of Education Meeting 2019-2020 Budget March 18, 2019 First - - PowerPoint PPT Presentation

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Board of Education Meeting 2019-2020 Budget March 18, 2019 First Hurdles 2019-2020 Estimated Expenditure Increases Salaries/Fringes Increases $ 570,584 Debt Service 173,801 All other district expenses 325,438 Total

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SLIDE 1

Board of Education Meeting

2019-2020 Budget March 18, 2019

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SLIDE 2

First Hurdles 2019-2020

Estimated Expenditure Increases

  • Salaries/Fringes Increases

$ 570,584

  • Debt Service

173,801

  • All other district expenses

325,438

  • Total Preliminary Increase to Expenses

$1,069,823

Estimated Increases to Revenue

  • Aid Increase per Governor’s Budget

$ 60,759

  • Real Estate Taxes

256,408

  • Other Miscellaneous Revenue Sources

376,179

  • Total Preliminary Increase to Revenue

$ 693,346

Deficit $ 376,477

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SLIDE 3

Changes to Enrollment

School Year Enrollment 2013-2014 1780 2014-2015 1696 2015-2016 1695 2016-2017 1650 2017-2018 1599 2018-2019 1554 2017 2018 Incoming Kindergarten Class 122 111 Graduating Class 160 139

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SLIDE 4

Planned Deficit Reductions

Teacher on Special Assignment Social Studies Elementary Music Special Education

Total Salaries/Benefits for Listed Positions: $376,477

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SLIDE 5

After Planned Reductions 2019-2020
 Expenditures

  • Salaries

$ 15,360,426

  • Employee Benefits

10,868,202

  • Equipment

143,200

  • Contractual

1,839,706

  • Supplies

742,247

  • Utilities

518,000

  • Insurance

167,500

  • Textbooks

174,500

  • Tuition

497,650

  • BOCES Services

2,923,694

  • Bond Principal/Interest

2,978,670

  • Transfer to Other Funds

20,000

  • Total Projected Expenditures

$ 36,233,795

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SLIDE 6

Projected 2019-2020 Revenues

  • Tax Levy and Related Items

$ 17,641,634

  • State Aid

$ 15,864,851

  • BOCES Aid

$ 1,115,310

  • Other Miscellaneous

$ 412,000

  • Appropriated Reserves

$ 1,200,000

  • Total Estimated Revenues

$36,233,795

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SLIDE 7

2018-2019 Adopted compared to 2019-2020 Projected

  • 2018-2019 Adopted Spending
  • Total Projected Expenditures

$35,540,449

  • Percentage Increase of Spending

1.98%

  • Tax Levy Impact

1.9%

  • 2019-2020 Proposed Spending
  • Total Projected Expenditures

$36,233,795

  • Percentage Increase of Spending

1.95%

  • Tax Levy Impact

1.67%

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SLIDE 8

Tax Cap Calculation 2019-2020

  • 2018-2019 TAX LEVY

$17,285,761

  • Tax Base Growth Factor

1.0091

  • Plus PILOTS

$ 32,043

  • Less taxes levied for capital

$318,429

  • Adjusted prior year tax levy

$ 17,156,675

  • Allowable levy growth factor

1.02 $ 17,499,809

  • Less PILOTS

37,079

  • Tax Levy Limit

$ 17,462,730

  • Plus exemptions

111,825

2019-2020 Projected Tax Levy $ 17,574,555 Maximum allowable levy 1.67%

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SLIDE 9

Tax Bill Impact

  • 2018-2019 True Value Tax Rate
  • $19.64 per $1,000 of Assessed Value
  • 2019-2020 Projected True Value Tax Rate
  • $19.93 per $1,000 of Assessed Value @1.67% Levy Increase
  • Net Increase to True Value Tax Rate
  • $00.29 per $1,000 of Assessed Value @ 1.67%
  • Impact to Tax Payer on Annual Tax Bill
  • $100,000 Home

$29.00

  • $150,000 Home

$43.50

  • $175,000 Home

$50.75

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SLIDE 10

Budget Adoption – BOE Meeting April 15, 2019 Budget Vote – May 21, 2019 Thank you for your time and attention! Please do not hesitate to call with questions:

  • Dr. Ryan Sherman, Superintendent

518-695-3255 Marian Chrisman, Business Manager 518-695-8251