CH CHURCH CHVILL VILLE-CH CHILI ILI CE CENTR TRAL AL SCH - - PowerPoint PPT Presentation

CH CHURCH CHVILL VILLE-CH CHILI ILI CE CENTR TRAL AL SCH CHOOL OOL DISTR TRICT ICT PROPOSED POSED 2020 020-21 21 BU BUDGET GET

Presented by

• Ms. Lori Orologio, Superintendent of Schools
• Mr. Franklin C. Nardone, CPA

Assistant Superintendent for Business Services

District Goal

Promote cost effectiveness, develop and manage a budget that provides a quality education in a fiscally responsible manner.

Goals of This Year’s Budgeting Process:

To:

• Maintain the quality programs we offer while facing

additional cuts in State Aid due to the pandemic

• Keep the tax levy within property tax cap calculation
• Meet all applicable mandated health, safety, and legal

requirements

• Support educational programs and services vital to

successful implementation of district goals

• Identify alternate funding sources and cost saving

measures

• Address social emotional needs of our students
• Meet safety and security needs across the district

Proposed Budget Reflects:

• Pandemic Adjustment
• State aid
• Retirement salary savings
• Reserve funds and fund balance
• Substitute costs and fuel
• Program funding for students with disabilities
• Unfunded mandates
• Health and safety measures
• Staffing:

○ 1.0 cleaner

2020-21 Budget Gap

prior to Approved State Budget

Ass ssumptio ions

*Reserves can only be used up to the expense in the budget +Actual Tax Levy Cap 3.55%

• 2020-21 Appropriated Fund Balance Re-

appropriation

$1,662,181

• Continue Utilizing District Funds to Fund the Budget
• Unemployment Reserves*

$30,000

• Workers Compensation Reserves*

$421,921

• Employees Retirement Reserves*

$873,381

Remain inin ing g Budget et Gap for 2020-21 21 ($1,492,414) Tax Levy Increas rease e Within hin the Cap+ 2.5% $933,769 Remain inin ing g Budget et Gap ($558,645) Total Expenses $89,381,945 Total Revenues (including 2019-20 tax levy) $84,902,048 Budget Gap ($4,479,897)

Proposed 2020-21 Budget

Recommended Adjustments

Carryo ryover ver Budge dget Gap ap ($ 558,645) Appro ropri priati ations Reduction in Proposed Staffing ($ 514,538) Reduction in Proposed Bus Purchases ($ 400,000) Net Change in Appropriations $ 914,538 Reve venue ues Reduction in State Aid ($ 413,205) Reduction in Sales Tax ($ 760,000) Net Change in Revenues ($1,173,205) Budget Gap ($ 817,312) Additi tional al Fund d Balance ance Appro ropri priati ation $ 817,312 Remain aining Budge get t Gap $0

Tax Cap Calcul lculati ation for 2020-2021 2021

Prior Year Levy $ 37,279,601 2019-20 Actual Times: Tax Base Growth Factor 1.0081 From Questar BOCES Add: Prior Year PILOTs $ 315,637 2019-20 Actual (but must use what I estimated) Less: Capital Tax Levy from Prior Year $ See the Capital Tab Equals: Adjusted Prior Yr Levy $ 37,897,203 Times: Allowable Levy Growth (lesser of CPI or 2%) 1.81% Less: Estimated Coming Year PILOT's $ 316,306 2020-21 Estimated amount Add: Available Prior Cap Carryover $ 337,834 Last year’s maximum levy less 2% Equals: Tax Levy Limit $ 38,604,670 $ 1,325,069 3.55 55% % (To Be sent to Comptroller March 17) Exemptions Add: Court Order/Judgements - Tort $

• Not Tax Certiorary

Add: Capital Tax Levy for Coming Year $

• See the Capital Tab - Min at 0 per C. Szuberla

Add: Pension Growth beyond 2 basis points TRS Rate 2020-21 = 9.53% TRS Rate 2019-20 = 8.86% TRS Rate Change = -0.67 – 2.00 = 0% Projected Salary $ 27,151.52 $

• Estimated

ERS Rate 2020-21 = 14.60% ERS Rate 2019-20 = 14.60% ERS Rate Change = -0.00 – 2.00 = 0% Comptroller Projected Salary $ 11,237,757 $

• From OSC Pension Payment Report

Total Levy Cap Exclusions $

• Tax Levy Limit From Above

$ 38,604,670 Add Exclusions $

• Maximum Levy After Exemptions

$ 38,604,670 $ 1,325,069 3.55%

Summary of Proposed Budget

Actual 2019-20 Budget Proposed 2020-21 Budget Change in Dollars Percentage Change Expenditures $85,362,900 $88,467,407 $3,104,507 3.64% Revenues $45,157,624 $46,449,242 $1,291,618 2.86% Appropriated Fund Balance $2,925,675 $3,804,795 $879,120 30.05% Tax Levy $37,279,601 $38,213,370 $933,769 2.50% Estimated Tax Rate - Riga $23.04 $23.68 $0.64 2.77% Estimated Tax Rate - Ogden $22.58 $22.47 ($0.11) (0.49%) Estimated Tax Rate - Chili $22.58 $22.94 $0.36 1.58% Estimated Tax Rate - Sweden $22.58 $22.02 ($0.56) (2.48%)

Comparison of 2019-20 Budget and Proposed 2020-21 Budget

Compo ponent Adopt pted d 2019 2019-20 20 Percen rcent t of Total tal Budge dget Proposed posed 2020 2020-21 21 Percen rcent t of Total tal Budge dget Change ange in Dollars lars Program gram $62,236,117 72.91% $63,139,740 71.37% $903,623 Capit pital al $13,619,846 15.95% $15,464,055 17.48% $1,844,209 Administ strati rative ve $9,506,937 11.14% $9,863,612 11.15% $356,675 Total tal Budge get $85,362,900 100% $88,467,407 100% $3,104,507

Capital: 17.48% Administrative: 11.15% Program: 71.37%

Estimated Revenues

State Aid $41,625,200 47.05% Proposed Tax Levy $38,213,370 43.19% County Sales Tax $3,040,000 3.44% Fund Balance $3,804,795 4.30% Other (Refunds, Rentals, Interest) $1,784,042 2.02% Total Revenues $88,467,407 100.00%

What Tax Rate Means To The Homeowner

Town True value e of home Equal alizati zation

• n

Rate 2020 2020-21 21 Asses essed ed value e of home Actual al proper erty y tax rate 2019 2019-20 20 Estimate mated proper erty y tax rate 2020 2020-21 21 Estimate mated change Actual al proper erty y tax 2019 2019-20 20 Estimate mated proper erty y tax 2020 2020-21 21 Estimate mated increas ease e per $100,0 ,000 asses essed ed value Riga $100,000 93% $93,000 $23.04 $23.68 $0.64 $2,258 $2,202 ($56) Ogden en $100,000 98% $98,000 $22.58 $22.47 ($0.11) $2,258 $2,202 ($56) Chili Chili $100,000 96% $96,000 $22.58 $22.94 $0.36 $2,258 $2,202 ($56) Sweden en $100,000 100% $100,000 $22.58 $22.02 ($0.56) $2,258 $2,202 ($56)

What is the Con

• ntinge

gent Bu Budge get and Proc

• cess?

ess?

• If the voters do not approve a proposed budget, the Board of Education may:

○ Go before the voters for one more vote on the same or different budget ○ Implement the contingent budget after the first defeat, but must implement contingent budget if the second budget is not approved by the voters

• Conti

tingen gent t Budget et Cap is no longer based on a permissible expenditure growth, but a cap on the taxes levied. The Tax Levy cannot be greater than the previous year.

• The Contin

tingen gent t Budget get ○ Contingent Budget must be calculated based on a zero percent tax levy increase and as required by law, certain items must be removed from the budget: ■ Certain equipment purchases ■ Student supplies ■ Facility repairs not necessary to maintain the health and safety of the students ■ Some raises for non-union employees Note: e: Going to a contingency budget after a regular budget defeat, could result in a budget reduction of as much as $933,769.

Proposition #1

The proposed budget for the 2020-21 school year is $88,467,407.

Proposition #2

Authorizes the district to purchase five (5) 66- passenger buses, two (2) 36-passenger wheelchair buses, and three (3) 30-passenger wheelchair buses at an estimated maximum cost of $1,210,000.

2020-21 Board of Education Candidates

In order shown on ballot There are three open seats, each for a 3-year term.

Kristen Brumbaugh Michael Iacucci Amy Wilson

Absentee Ballot Process

• All district households will receive two ballots in the mail

between May 27 and June 3.

• Additional ballots may be requested for qualified

household members by calling 293-1800 ext. 2305 or online at: www.cccsd.org/BallotRequest.aspx.

• All absentee ballots must be received by 5 p.m., June 9, 2020

at the District Office.

Please Vote

Tuesday, June 9, 2020 by absentee ballot only. Must be received at District Office by 5 p.m.

Voter Qualifications

In order to vote you must be:

• A United States citizen.
• At least 18 years of age.
• A resident of the Churchville-Chili Central School

District for at least 30 days prior to the vote.

Thank you!

Questions?