DRAFT | AS OF MAY 15th, 2020 DRAFT BUDGET PRESENTATION April 2, - - PowerPoint PPT Presentation

SUPERINTENDENT’S PROPOSED BUDGET | As of May 15th, 2020

DRAFT BUDGET PRESENTATION April 2, 2019

DRAFT | AS OF MAY 15th, 2020

SUPERINTENDENT’S PROPOSED BUDGET | As of May 15th, 2020

As of May 15th, 2020

DRAFT BUDGET PRESENTATION April 2, 2019

ACKNOWLEDGEMENTS

This has been a challenging budget cycle that has been made even more challenging by the current pandemic. We face a multi-million dollar budget deficit. My team has dedicated tireless hours reviewing the budget to address the needs of our community that has been impacted financially. Our budget approach involved preparing a budget with protocols and procedures to maintain a safe, secure and healthy learning environment for 12,000 scholars and more than 2,000 employees under an unprecedented, virulent worldwide

• pandemic. To complicate matters further, we still do not have critical financial information

from the state government. As a result of these challenges, we examined our expenditures, reduced significantly from central budgets, and strategically reduced through attrition in an effort to prevent layoffs. We are preserving positions by taking on more with less resources.

SUPERINTENDENT’S PROPOSED BUDGET | As of May 15th, 2020

As of May 15th, 2020

DRAFT BUDGET PRESENTATION April 2, 2019

Budgetary Considerations

Budget Adoption Date: June 9th

• Further reductions?
• Potential for mid-year cuts?
• Transportation Expenses

Reality: The majority of the budget is driven

by contractual obligations (e.g.: union contracts, federal and state mandates, Individual Education Plans, etc.)

Strategic Use of Fund Balance

• Date schools reopen - part of calculation; still

unknown

• Draw down with one-time expenses
• TRS/ERS spike in rate next year?
• Avoid use for recurring expense
• Consider two-year plan for use of Restricted

and Unrestricted Fund Balance

SUPERINTENDENT’S PROPOSED BUDGET | As of May 15th, 2020

Tier 1 & 2 Overview as of May 15th, 2020

DRAFT BUDGET PRESENTATION April 2, 2019

Tier 1 Tier 1 & Tier 2 Tier 3

Proposed Budget Proposed Budget

Reduced $2,683,673

Reduced

$4,950,000 Reduced (unknown as of 5.15.20)

Budget Increase

$8,852,48 5 3.13% $8,852,485 $8,852,485 3.13%

$8,852,485

3.13%

Tax Levy

$2,700,00 (2.4%) 2% $2,250,000

Fund Balance

5,000,000 $5,000,000 $500,000 (-4,500,000)

$5,000,000 Other

$4,000,00 $4,000,000 (Debt Service)

SUPERINTENDENT’S PROPOSED BUDGET | As of May 15th, 2020

As of May 15th, 2020

DRAFT BUDGET PRESENTATION April 2, 2019

(Reminder) Operational Reductions

Expenditure Reductions Estimated Savings

Central Office Divisions - Reductions to various lines $1,650,834 ESYP - Continue ESYP with federal funds $500,000 Consultants - Reduced reliance on external technical assistance $450,000 BOCES Services - Transition of work streams to internal departments $847,000 Equipment/Maintenance - reduction of equipment and recurring maintenance fees $1,125,000 Various budget line reductions $5,577,108

Total: $10,149,942

SUPERINTENDENT’S PROPOSED BUDGET | As of May 15th, 2020

As of May 15th, 2020

DRAFT BUDGET PRESENTATION April 2, 2019

Percent of Tier I & II FTE Reductions by Group NTA: 2.74% CSEA: 2.59% NSAA: 8.3% Other: 25%

SUPERINTENDENT’S PROPOSED BUDGET | As of May 15th, 2020

As of May 15th, 2020

DRAFT BUDGET PRESENTATION April 2, 2019

Proposed Tier 1 Reductions Proposed Tier 2 Reductions

INSTRUCTION

14 NTA (1.13%): $1,240,953

INSTRUCTION

19 NTA (1.61%): $1,900,000

ADMINISTRATION

6 NSAA (8.3%): $901,254

ADMINISTRATION -1003 SIG - school improvement

1 NSAA (0%): $150,000

SUPPORT STAFF

2 CSEA (0.43%): $153,936

SUPPORT STAFF

11 CSEA (0.24%) $216,112

District Staff

1 SENIOR (8.3%): $172,900

District Staff

2 Senior Staff (16.7%): $375,400

Other

5 Repurposed Positions $439,900 ESYP to Title: $500,000 Sale of Washington St: $1,000,000 Unused Other: 2 Repurposed Positions: $197,188 Extra Earning: $170,000 EPC: $1,998,177 *needs to be reclassified

Total: $4,408,943 Total: $5,006,877

SUPERINTENDENT’S PROPOSED BUDGET | As of May 15th, 2020

More reductions may be necessary The NYS Division of Budget has instituted three assessment periods where they may reduce allocations to school districts. Any day now, the Governor will share further reductions to state aid resulting in a larger budget deficit. Therefore, we will likely make further reductions in order to close the budget gap. Additionally, we are assessing the long term financial impact of COVID-19. We will provide updates when these assessments periods are scheduled as to the impact they have on additional budgetary cuts that may be necessary.

As of May 15th, 2020

CLOSING THE GAP...