Fort Edward UFSD Budget Status Update Public Presentation April - - PowerPoint PPT Presentation

Fort Edward UFSD Budget Status Update Public Presentation April 22, 2020

FE School Community

• WE LOVE OUR SCHOOL

○ It Takes a Village ■ Irving Tissue (So Much) ■ Market 32 (Backpacks) ■ Hannaford (Backpacks) ■ CVS (Easter Candy) ■ US Dairy Association (Milk)

It Takes a Village

What do we need to do to support our school?

Work Together

• Residents
• Taxpayers
• Employees
• Community at Large

20-21 School Budget

• District will need supermajority voter

approval just to make the $153,000 payment on the loan needed to pay the County ○ No fund balance left to offset expenses ○ No Special Grant Aid

20-21 School Budget cont.

• Budget gap is approximately $1,365,000

○ Again no fund balance left to offset expenses ○ Expenses were determined using ■ contractually guaranteed salary and HI ■ BOCES expense as provided to FE

• Does not include any new sts

History

• How did we get here?

○ Paid $1,855,000 to GE in 2016-2017 ○ Paid $1,765,375.24 to County in April 2020 ■ This payment made by borrowing ○ Received $400,000 grant from Legislators each of the last three years. This is no longer available

Looking ahead to 20-21

• District plans to ask for a supermajority

vote ○ $153,000 payment on the loan to pay the County exceed tax cap ○ BOE planning to ask for $571,520 from taxpayers ○ No fund balance left to offset expenses

Looking ahead to 20-21 cont.

• Budget gap was approximately $1,359,505

○ Budget gap increased by $32,000 on April 1 when NYS passed the budget ○ Budget gap has potential to increase throughout the next calendar year ■ NYS will be doing lookbacks to see if revenue targets have been met. If not they will reduce school aid

Reductions Summary (if budget fails)

• Staff Reductions

○ $824,601 (estimated) ○ Teachers ■ 13.5 positions ○ Support Staff ■ 7.5 positions ○ Administration ■ .8 positions

Reductions Summary (if budget fails)

(continued)

• Programs and Services $538,451

○ Athletics ■ All athletics eliminated ○ Distance Learning ■ Eliminated ○ Extra-curriculars ■ Eliminated

Reductions Summary (if budget fails)

(continued)

• Transportation

○ Non mandated transportation eliminated (SE is mandated for some)

• Instructional Supplies

○ Eliminated

How did we get here?

• $675,000 reduction in Levy when GE left
• $400,000 Supplemental Grant ends 19/20
• $300,000 Fund Balance not available 19/20
• $153,000 Washington County pmnt 20/21
• Escalation of all normal District expenses
• Escalation of all high needs expenses

Where were we 12 years ago?

May 2016 Projections

Where did we come from?

Levy History

• 2015-16

$3,561,000

• 2016-17

$3,625,000

• 2017-18

$3,000,000

• 2018-19

$3,000,000 ($3,184,141 vote failed)

• 2019-20

$3,008,343

• 2020-21

$3,579,928 (estimated)

How do we overcome these

• bstacles?
• Residents
• Taxpayers
• Employees
• Community at Large

What about the Reserve Accounts?

Accrued Employee Benefits Liability $300,000 Worker’s Comp $30,000 Unemployment $54,921 ERS $0 TRS $0 Tax Cert $0

How do we overcome these

• bstacles?
• Irving Tissue PILOT

○ PILOT ends in 2021-22

• WL Plastics

○ New business with a PILOT

What Next?

• Negotiations

○ FETA, FESS, FEAA ○ Confidential Employees

• Work to promote our School and all the

great things it provides for our students

• Advocate for School Aid and other Support

Questions?