CROTON-HARMON UFSD 2020-21 BUDGET WORK SESSION FEBRUARY 27, 2020 B - - PowerPoint PPT Presentation

CROTON-HARMON UFSD

2020-21 BUDGET WORK SESSION

FEBRUARY 27, 2020

September October

CREATE BUDGET DEVELOPMENT CALENDAR BEGIN DEBT & OTHER REV/EXP PROJECTIONS

November

MEET WITH BUDGET BUILDERS & DISTRIBUTE BUDGET WORKSHEETS

December

PRELIMINARY BUDGET PRESENTATION BUDGET 101-BUDGET DEVELOPMENT

January

GOVERNOR’S EXECUTIVE BUDGET CONFIRM P & D PRIORITIES

B U D G E T D E V E L O P M E N T T I M E L I N E

DEVELOP PRELIMINARY ASSUMPTIONS & FORECASTS

GOALS FOR TONIGHT’S BUDGET WORK SESSION

 REVIEW NEW REPORTING TRANSPARENCY STANDARDS  REVIEW GOVERNOR’S STATE AID PROPOSAL  PRESENT PRELIMINARY 2020-2021 REVENUE & EXPENDITURE BUDGET

ESSA

Transparency

• ESSA (Federal Mandate) Financial Transparency
• Reports on School Spending for prior year
• Due March 1st
• Still awaiting final guidance
• NYS School Funding Transparency (State Mandate)
• Reports on Budget and Pupil Counts for current year
• Annual deadline August 30th

New State and Federal School Level Financial Reporting

GOVERNOR’S BUDGET

• Property Tax Permanency-Now Law
• Expense-based aids bundled into Foundation Aid
• Adding Boces Capital Exclusion (minimal impact THIS YEAR)
• Required reporting on all Propositions (some of which subject to Tax Cap)
• Looking to control costs and redirect funding by reducing Expenditure-Based

Aid (Boces, Transportation & Building)

• Foundation Aid Shortfall – ($1,461,471)
• Total 2020-21 Proposed Increase in State Aid- $95,759 (or is it)?

Aid Category 2019-20 4/1/19 2019-20 2/26/20 2020-21 2/26/20 Governor's Change Change from 4/1/19 % Change General Purpose Aids $2,344,693 $2,344,747 $2,344,747 $0 $0 0.0%

Foundation Aid 2,244,693 2,244,747 2,244,747 0.0% High Tax Aid 100,000 100,000 100,000 0.0% Reorganization Operating Aid NA Academic Enhancement Aid NA

Expense-Based Aids

3,376,808 3,210,964 3,053,717 (157,247) (323,091)

• 4.7%

Building Aid 1,780,924 1,502,901 1,495,397

(7,504) (285,527)

• 0.4%

Reorganization Incentive Building Aid NA Transportation Aid (including summer) 817,543 704,093 820,178

116,085 2,689

14.2% BOCES Aid 570,620 782,992 538,166

(244,826) (32,454)

• 42.9%

Non-BOCES Special Services Aid NA Charter School Transition Aid NA Private Excess Cost Aid 93,347 70,298 71,143

845 (22,204)

0.9% Public Excess Cost High Cost Aid 110,422 146,728 124,881

(21,847) 14,459

• 19.8%

Supplemental Public Excess Cost Aid 3,952 3,952 3,952 0.0%

Most Favorable of Tiers A-E 251,291 251,291 251,291

0.25%

Other Aids $140,690 $140,633 $142,348 $1,715 1,658 1.2% TOTAL AID $5,862,191 $5,696,344 $5,792,103 $95,759 ($70,088) 1.6% Foundation Aid:

2,244,747 $3,706,164

($1,461,417)

Amount Under-funded:

Croton-Harmon UFSD

2020-21 School Aid

Governor's Budget February 2020

2020-21 Foundation Aid: Full Phase-in Foundation Aid:

Description 2020-21 Preliminary Budget 2019-20 Actual Budget Variance Budget $49,774,562 $48,513,218 $1,261,344 Budget to Budget % 2.60% 2.84%

• 0.243%

Tax Levy Increase $ $1,185,061 $1,078,630 $106,431 Tax Levy Increase % 2.95% 2.76% 0.191%

Fund Balance & Reserves Utilized $1,703,207

VISION

 Develop the habits of mind and social skills  Become lifelong learners  Contribute to the well-being of society

MISSION

Croton-Harmon is committed to:

Challenging all students Community inclusion Fostering respect

Developing skills that enable students to become:

Effective communicators Problem solvers Researchers who are independent learners

BUDGET PRIORITIES

Support the goals of the Board of Education Preserve all educational programs and staffing where possible Remain fiscally responsible and within Tax Cap Comply with all state and federal mandates

Budgeting Challenges

State Aid Uncertainty Tax Cap Limitations Special Education Needs Contractual Obligations Mandates Changes in Enrollment

Enrollment Projections

Class Size

Gr. Full time Part time Total 4 5 6 Guidelines 19/20 20/21 By Grade By Cohort

K 103 ? 103 25.8 20.6 17.2

Up to 22

6 5

• 1

N/A 1 117 1 118 29.5 23.6 19.7

Up to 22

5 6 1 2 109 2 111 27.8 21.8 18.5

Up to 22

6 6 1 3 116 1 117 29.3 23.4 19.5

Up to 24

5 5

• 1

4 118 2 120 30.0 24.0 20.0

Up to 26

5 5 569 27 27 5 111 111 27.8 22.2 18.5

Up to 26

5 5 6 124 124 31.0 24.8 20.7 6 6 1

Projected Enrollment (based on Jan '20 Actual) # of Sections # of Sections Chg in # of Sections

CET Total

REVENUE OUTLOOK

What does the Allowable Tax Levy (ATL) look like for Croton-Harmon?

PRIOR YEAR (2019/20) Approved Actual Tax Levy 40,159,191 Multiply by Tax Base Growth Factor (TBD by ORPS) Actual 1.0056 Total 40,384,082 Add: 2019/20 PILOTS Total 40,384,082 PRIOR YEAR (2019/20) Exemptions Less: Capital Tax Levy (debt service less building aid) Actual (2,404,000) Less: Boces Capital Exclusion Adjustment BOCES ADJ (26,706) Prior Year Adjusted Tax Levy 37,953,376 Multiply by Allowable Levy Growth Factor (lesser of 2% or CPI) Actual 1.0181 38,640,333 Less: 2020/21 PILOTS Current Year Tax Levy Limit 38,640,333 Add: Capital Tax Levy (debt service less building aid) Estimated 2,703,919

41,344,252 $ 1,185,061 $ 2.95%

Allowable tax levy prescribed by Chapter 97 of the Laws of 2012

ESTIMATED 2020-21 Tax Levy Increase

Croton-Harmon UFSD

Property Tax Cap Calculation under Chapter 97 of the Laws of 2012 (This analysis calculates the allowable tax levy for 2020/21 school year)

Allo llowable Growth Fact actor

1.81%

Tax x Ba Base e Growth th Factor

.56%

Budget to

• Budget In

Increase

$224,891 $686,956

$1,261,343

$ Valu lue of

• f Tax

x Ca Cap Factors

$1,185,061

Revenue needed from other sources

$76,282

Allowable Growth Factor 1.81%

CPI last year was 2% Loss of ($70,112) from p/y

Tax Base Growth Factor .56%

Up .004% Gain of $160,636 from p/y

Capital Exclusion

Includes Boces Exclusion Gain of $273,213 from p/y due to debt and building aid in 20-21

Ca Capital l Exclu clusion

$273,213

$273,213

2020-21 2019-20 Change in Description Preliminary Budget Revenue County Sales Tax $550,000 $525,000 $25,000 Interest & Earnings $210,000 $50,000 $160,000 Building Use Fees $50,000 $50,000 $0 Other Revenue $125,000 $121,000 $4,000 Total Non-State Aid: $935,000 $746,000 $189,000 $0 State Aid $5,792,103 $5,862,191

• $70,088

Total State Aid: $5,792,103 $5,862,191

• $70,088

Fund Balance $1,303,207 $1,345,836

• $42,629

Debt Service Fund $0 $0 $0 Reserves $400,000 $400,000 $0 Total Reserves: $1,703,207 $1,745,836

• $42,629

$0 Tax Levy $41,344,252 $40,159,191 $1,185,061 Budget $49,774,562 $48,513,218 $1,261,344 ANALYSIS OF REVENUE

Reserves Balance 6/30/2019

Workers' Compensation Reserve 537,000 Unemployment Insurance Reserve 196,969 Reserve for Retirement Contrib 1,345,453 Reserve for TRS Contrib 250,000 Reserve For Liability 198,061 Reserve for Tax Certiorari 4,978,070 EE BENEFIT/ACCR LIAB 492,430 Capital Reserve 2013 4,126,399 Capital Reserve 2016 4,014,035 Total Reserves 16,138,417

THE FLIPSIDE…

EXPENDITURES

Proposed Approved 2020/21 2019/20 % ∆ $ ∆ % of Budget

Salaries 26,364,700 25,956,057 1.57% 408,643 53.0% Benefits 9,587,731 8,981,096 6.75% 606,635 19.3%

Total

35,952,431 34,937,153 2.91% 1,015,278 72.3%

Budget Overview by Expenditure Category Proposed 2020/21

Proposed Approved 2020/21 2019/20 % ∆ $ ∆ % of Budget

General Education 1,700,070 1,694,300 0.34% 5,770 3.4%

Classroom Support, Supplies & Materials, Library, Video Production, Guidance, Health Services, Co-Curricular, BOCES Services

Special Education 2,278,935 2,137,729 6.61% 141,206 4.6% Athletics 255,314 244,800 4.29% 10,514 0.5% Technology 950,685 933,593 1.83% 17,092 1.9% Curriculum Development 194,418 200,400

• 2.99%

(5,982) 0.4%

Total

5,379,422 5,210,822 3.24% 168,600 10.7%

Budget Overview by Expenditure Category Proposed 2020/21

Proposed Approved 2020/21 2019/20 % ∆ $ ∆ % of Budget

Transportation 559,761 554,650 0.92% 5,111 1.1% District Wide Support 1,476,340 1,396,927 5.68% 79,413 3.0%

Board of Education, Voting/District Clerk, District Admin, Fiscal, Legal, Human Resources, Public Information, Security, Student Information System, Liability Insurance, Boces & Central Data Processing

Facilities 2,187,702 2,091,170 4.62% 96,532 4.4% Debt Service 4,108,906 4,212,496

• 2.46%

(103,590) 8.3% Interfund Transfers 110,000 110,000 0.00%

• 0-

0.2%

Total

8,442,709 8,365,243 0.93% 77,466 17.0%

Budget Overview by Expenditure Category Proposed 2020/21

Proposed Approved ∆ ∆ 2020/21 2019/20 % $'s % of Budget Salaries 26,364,700 25,956,057 1.57% 408,643 53.0% Benefits 9,587,731 8,981,096 6.75% 606,635 19.3% General Education 1,700,070 1,694,300 0.34% 5,770 3.4% Special Education 2,278,935 2,137,729 6.61% 141,206 4.4% Athletics 255,314 244,800 4.29% 10,514 0.5% Technology 950,685 933,593 1.83% 17,092 1.9% Curriculum Development 194,418 200,400

• 2.99%

(5,982) 0.4% Transportation 559,761 554,650 0.92% 5,111 1.1% District Wide Support 1,476,340 1,396,927 5.68% 79,413 3.0% Facilities 2,187,702 2,091,170 4.62% 96,532 4.4% Debt Service 4,108,906 4,212,496

• 2.46%

(103,590) 8.3% Interfund Transfers 110,000 110,000 0.00% 0.2% TOTAL BUDGET 49,774,562 48,513,218 2.60% 1,261,344 100.0%

Budget Overview by Expenditure Category Proposed 2020/21

• Final State Aid Allocation (April 1st)
• Actual Enrollment
• Special Education or ENL Classifications
• Unanticipated Expenditures
• Year-end Fund Balance
• Upcoming Contract Negotiations

Unknown Variables

Budget

$49,774,562 ↑2.60%

Tax Levy

$41,344,252 ↑2.95%

2020-21 Preliminary Budget and Tax Levy

GUIDELINES FOR BUDGET PASSAGE

 Stay within the tax levy cap – 50% majority needed  Override the cap – 60% super majority needed.  What would happen if budget doesn’t pass?

Questions…

DATES TO REMEMBER

March 14 th - Budget Saturday April 2 nd - Budget Adoption May 7 th - Public Budget Hearing

M ay 1 9 t h - A N N UA L B U D G E T VO T I N G DAY

( 6 a m - 9 p m @ C H H S )

THANK YOU