Challenges Tax Levy Limit $1,459,685 Net Increase in Revenue - - PowerPoint PPT Presentation

Challenges

• Tax Levy Limit

$1,459,685

• Net Increase in Revenue Sources

$ 691,030 $2,150,715

• Special Ed (net of grant changes)

$ 746,905

• Health Insurance

$ 840,485

• TRS (8.86% to 9.53%)

$ 417,245

• ERS (range 9.6%-21.4%)

$ 231,770

• Debt Services

$ 328,760 $2,565,165 All other Budget Appropriations ($ 414,450)* Total appropriation Increase $2,150,715

*Post 2019-20: SpEd, OCC Ed, SPOs $1.25M

Update 3/18/20

From $474,710 From $1,934,395 From $404,730 From $220,130 From $2,541,010 From ($606,615) From $1,934,395

Current Year vs. Proposed by Type

2019-20 Actual 2020-2021 Proposed Difference Instruction $50,778,565 $51,268,955 $490,390 Administration $1,547,425 $1,571,025 $23,600 Central Services $5,728,205 $5,651,960

• $76,245

Transportation $5,862,430 $5,630,785

• $231,645

Debt Service/Interfund $7,419,150 $7,747,910 $328,760 Benefits $19,151,160 $20,767,015 $1,615,855 Total: $90,486,935 $92,637,650 $2,150,715

From $51,092,705 From $314,140 From $20,726,945 From $1,575,785 From $92,421,330 From $1,934,395

Update 3/18/20

Budget $92,637,650 Three-Part Budget Proposal

3

Function Code Total Admin. Program Capital

BOE 1099 $30,770 $30,770 Central Adm. 1299 252,575 252,575 Finance 1399 723,120 723,120 Legal 1420 65,000 65,000 Personnel 1430 425,880 425,880 Public Info. 1480 73,680 73,680 Operations 1620 3,608,095 $3,608,095 Maintenance 1621 1,358,005 1,358,005 Other Cent. 1699 20,000 20,000

• Ref. Taxes

1964 55,000 55,000 Special Items 1998 610,860 610,860 Curriculum 2010 221,550 221,550 Supervision 2020 2,303,515 2,303,515 Instruction 2999 48,567,640 325,262 $48,242,378

• Dist. Trans.

5510 5,527,420 5,527,420 Garage 5530 97,535 97,535

• Cont. Trans.

5540 5,830 5,830

• Comm. Serv.

8898 Employ Ben 9098 20,726,945 18,092,083 1,241,901 Debt Service 9898 7,672,910 7,672,910

• Trans. to Cap.

9901 Other Trans. 9951 75,000 75,000 Total $92,421,330 $6,445,173 $72,040,246 $13,935,911 %

• f Budget

100.00% 6.97% 77.95% 15.08% 1,392,961

* UPDATED

Update 3/18/20

* * * * * * * * * *

$$2,377,630 48,567,640 $$2,372,377,630 $$2,377,630 $$2,377,630

48,344,513

$$2,3 77,630 $$2,3 77,630 $$2,3 77,630

$$2,377,630

48,567,640

$20,767,015 $92,637,650 100%0 $6,445,173 6.97%0 $72,040,24 77.92%0 93% 15.04%%

18,132,153

Budget $92,637,650

Program 77.95% $72,040,246 Capital 15.08% $13,935,911 Administrative 6.97% $6,445,173

77.92% $72,182,451 7.04% $6,519,288 15.04%

Update 3/18/20

Current Budget Development

• Revenue Challenges
• November 22, 2019 Headline - NYS

Faces $6.1B Budget Hole Next Year

• $1,616,320 of Fund Balance and Reserve

Funds Used to Balance the Budget

• Falls Within the Tax Cap of 2.92%
• Looks to the Future
• Long-range Planning to 2023-2024

Update 3/18/20 From $1,400,000

Revenue Sources $92,637,650

42.6 42.7 43.4 44.1 47.3 47.5 47.1 46.8 47.6 46.1 46.0 46.2 46.4 48.0 53.6 53.8 53.6 50.7 47.5 47.5 48.6 47.6 48.3 50.2 50.2 49.7 49.2 47.4

3.8 3.5 3.0 5.2 5.2 5.0 4.3 5.6 4.1 3.7 3.8 4.1 4.4 4.6 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21

Percent of Revenue School Year

Local State Other

4.8% 47.3% 47.9% Update 3/18/20

Revenues $92,637,650

Local Property Tax 48.04% $44,401,530 STAR 7.68% $7,100,500 State Aid 39.72% $36,712,375 Fund Balance/ Reserves 1.52% $1,400,000 Sales Tax / Interest / Other 3.04% $2,806,925

47.93% 3.03% 7.67% 39.63% 1.74% $1,616,320 Update 3/18/20

Summary

Actual 2019-20 Proposed 2020-21 Proposed Change Percent Change Appropriations $90,486,935 $92,637,650 $2,150,715 2.38% Revenues and Appropriated Fund Balance $40,444,590 $41,135,620 $ 691,030 1.71% Tax Levy $50,042,345 $51,502,030 $1,459,685 2.92%

8 Update 3/18/20 From 2.14% From 1.17%