Glens Falls City Schools 2019-2020 BUDGET DEVELOPMENT INITIAL - - PowerPoint PPT Presentation

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Glens Falls City Schools 2019-2020 BUDGET DEVELOPMENT INITIAL - - PowerPoint PPT Presentation

Jan 01, 2023 242 likes •456 views

Glens Falls City Schools 2019-2020 BUDGET DEVELOPMENT INITIAL BUDGET PRESENTATION PRESENTED BY: Robert D. Yusko, Jr. Assistant Superintendent for Business Glens Falls City Schools Budget basics: How do we build it? Other factors : State aid

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Glens Falls City Schools

2019-2020 BUDGET DEVELOPMENT INITIAL BUDGET PRESENTATION

PRESENTED BY: Robert D. Yusko, Jr. Assistant Superintendent for Business

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Glens Falls City Schools

Budget basics: How do we build it?

State aid situation: Governor’s proposals, Legislative proposals Local Tax Levy; State & Local economy (CPI and tax base growth factor) Other factors: Charges/tuition from

  • ther districts,

Medicaid revenues

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Glens Falls City Schools

Budget basics: How do we build it?

State aid situation: Governor’s proposals, Legislative proposals Enrollment: particularly for elementary students, high school course selections and special education needs State and Federal mandates State and local economy: inflation (CPI) and tax base growth Other factors: property tax levy cap, court liabilities, staff retirements, etc. Input from parents, residents, school community

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Glens Falls City Schools

  • Approved budget, 2018-2019: $44,309,688
  • Projections for 2019-2020:
  • Increases in health insurance,
  • 4% increase in PPO rates, 1.47% increase in all other WSWHE BOCES plans
  • Decrease/Increase in pension contributions
  • Teachers’ Retirement System: 10.62% 8.86% (est.) in 2019-2020
  • Employees’ Retirement System: 14.9% 14.6% (est.) in 2019-2020
  • NYS budget/aid impact – EXECUTIVE PROPOSAL
  • $338 Million in additional Foundation Aid ($338M in 18-19, $700M in 17-18)
  • $317 Million to fully fund expense-based aids ($317M in 18-19, $295M in 17-18)
  • Governor proposes to cap growth in aid on expense based aids at 2% annually (18-19)
  • Governor proposes to consolidate reimbursement aid categories (Transp., BOCES, IMA) into “Services

Aid” starting in 20-21

  • Capped annually, based on district enrollment and inflation
  • Eliminate “reimbursement” concept
  • Allowable Growth Factor in Tax Cap - capped at 2%; actual CPI: 2.44%
  • One collective bargaining agreement expiring on 6/30/2019.
  • 9 GFTA retirements…..additional?
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Glens Falls City Schools Glens Falls City Schools

  • New York State has a property tax levy cap, NOT A “2% CAP!”

– The law does not restrict any proposed tax levy increase to 2%

  • The law creates an 8 step formula to determine the “tax levy limit”

– Adjusts tax levy to reflect local growth in tax base and rate of inflation (max 2%)

  • The property tax levy cap limits the school district levy NOT the individual tax bill
  • f resident taxpayers

– Assessments and equalization rates impact tax rates

  • The formula allows for certain expenses to be exempt from the cap, therefore

allowing the total tax levy increase to be greater than “perceived” cap

  • BOEs can present a budget that “overrides” the cap but will need 60% voter

approval

  • Voters are approving the budget (spending plan) not the tax levy

NYS Property Tax Levy Cap in Brief....

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Glens Falls City Schools

Tax Cap Calculation Prior Year Tax Levy x Tax Base Growth Factor, if any (determined by Tax and Finance) + PILOTS Receivable During Prior Year (16-17)

  • Taxes Levied For Exemptions During Prior Year

= Adjusted Prior Year Tax Levy X Allowable Levy Growth Factor (Lesser of 2%

  • r CPI)
  • PILOTS Receivable In The Coming Year

+ Available Carryover, If Any = “TAX LEVY LIMIT” + Coming School Year Exemptions = “MAXIMUM ALLOWABLE TAX LEVY”

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Glens Falls City Schools

Legislative GF Bugdet Dollar Budget Aid Category Proposal Proposal Variance Variance Foundation Aid 13,402,361 13,267,361 (135,000)

  • 1.01%

Universal Pre-Kindergarten 138,432

  • (138,432)
  • 100.00%

BOCES 1,186,383 1,100,000 (86,383)

  • 7.28%

High Cost Excess Cost 671,316 600,000 (71,316)

  • 10.62%

Private Excess Cost 226,228 100,000 (126,228)

  • 55.80%

Hardware & Technology 32,145 32,145

  • 0.00%

Software, Library, Textbook 166,560 166,560

  • 0.00%

Transportation 761,146 761,146

  • 0.00%

High Tax Aid 250,952 250,952

  • 0.00%

Supplemental Excess Cost 20,717 20,717

  • 0.00%

Gap Elimination Adjustment

  • N/A

Building Aid 2,372,627 2,372,627

  • 0.00%

Total Aid 19,228,867 18,671,508 (557,359)

  • 2.90%

2018-2019 STATE AID - Review Legislative Proposal vs. Glens Falls Budget

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Glens Falls City Schools

2018-2019 2018-2019 Dollar Percent Expense Category Adopted Budget Projected Variance Variance Foundation Aid 13,518,313 13,573,937 55,624 0.41% Building Aid 2,372,627 2,354,004 (18,623)

  • 0.78%

Transportation Aid 761,146 850,356 89,210 11.72% Public Excess Cost Aid 620,717 907,135 286,418 46.14% Private Excess Cost Aid 100,000 148,995 48,995 49.00% BOCES Aid 1,100,000 1,039,611 (60,389)

  • 5.49%

Textbook Aid 119,995 117,491 (2,504)

  • 2.09%

Computer Software Aid 32,851 33,631 780 2.37% Library Materials Aid 13,714 14,037 323 2.36% Hardware Aid 32,145 32,232 87 0.27% Total State Aid 18,671,508 19,071,429 399,921 2.14% 18-19 Legislative Proposal 19,228,867 19,228,867 Difference between… (557,359) (157,438)

2018-2019 State Aid – Budget vs. Actual

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Glens Falls City Schools

2019-2020 2019-2020 Dollar Percent Expense Category Executive - #1 Projected - #1 Variance - #1 Variance - #1 Foundation Aid 13,793,294 13,658,314 (134,980)

  • 0.98%

Building Aid 2,483,324 2,464,699 (18,625)

  • 0.75%

Transportation Aid 1,021,457 850,356 (171,101)

  • 16.75%

Public Excess Cost Aid 605,636 620,717 15,081 2.49% Private Excess Cost Aid 140,847 125,000 (15,847)

  • 11.25%

BOCES Aid 1,153,944 1,030,000 (123,944)

  • 10.74%

Textbook Aid 117,141 117,141

  • 0.00%

Computer Software Aid 33,570 33,570

  • 0.00%

Library Materials Aid 14,006 14,006

  • 0.00%

Hardware Aid 34,329 34,329

  • 0.00%

Universal Pre-K 138,432

  • (138,432)
  • 100.00%

Total State Aid 19,535,980 18,948,132 (587,848) $

  • 3.01%

Difference between Executive - #1 (587,848) $ and Projected - #1

  • 3.01%

2019-2020 Executive Budget Aid Proposal vs. Projected Actual State Aid

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Glens Falls City Schools

2018-2019 2019-2020 Dollar Percent Expense Category GF Budget GF Projection Variance Variance Foundation Aid 13,518,313 13,658,314 140,001 1.04% Building Aid 2,372,627 2,464,699 92,072 3.88% Transportation Aid 761,146 850,356 89,210 11.72% Public Excess Cost Aid 620,717 620,717

  • 0.00%

Private Excess Cost Aid 100,000 125,000 25,000 25.00% BOCES Aid 1,100,000 1,030,000 (70,000)

  • 6.36%

Textbook Aid 119,995 117,141 (2,854)

  • 2.38%

Computer Software Aid 32,851 33,570 719 2.19% Library Materials Aid 13,714 14,006 292 2.13% Hardware Aid 32,145 34,329 2,184 6.79% Universal Pre-K

  • N/A

Total State Aid 18,671,508 18,948,132 276,624 $ 1.48% Difference between 18-19 276,624 $ and Projected 2019-2020 1.48%

State Aid Budget – Initial Comparison

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Glens Falls City Schools

2018-2019 2019-2020 Adopted Proposed $ Variance % Variance Projected Revenues 44,309,688 43,224,675 (1,085,013)

  • 2.45%

State Aid 18,671,508 18,948,132 276,624 1.48% Tax Levy 21,055,520 21,609,532 554,012 2.63% Other 2,667,011 2,667,011

  • 0.00%

Total Revenue Before Fund Balance 42,394,039 43,224,675 830,636 4.11% Appropriated Fund Balance

  • Appropriated for Debt Service
  • N/A
  • Appropriated ERS Reserve

510,352

  • (510,352)

N/A

  • Appropriated Unassigned FB

1,405,297

  • (1,405,297)

N/A Total Appropriated Fund Balance 1,915,649

  • (1,915,649)

N/A Grand Total Revenue 44,309,688 43,224,675 (1,085,013)

  • 2.45%

Budget

2019-2020 Initial Draft Revenues

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Glens Falls City Schools

2018-2019 2019-2020 Dollar Percent Expense Category Adopted Proposed Variance Variance Salaries 20,910,440 21,732,758 822,318 3.93% Equipment 523,401 626,636 103,235 19.72% Contractual 2,786,580 3,042,342 255,762 9.18% BOCES 5,164,453 5,164,453

  • 0.00%

Materials & Supplies 1,058,611 1,103,833 45,222 4.27% Debt Service 2,960,613 3,596,198 635,585 21.47% Employee Benefits 10,805,590 10,800,115 (5,475)

  • 0.05%

Interfund Transfers 100,000 100,000

  • 0.00%

Total Expenditures 44,309,688 46,166,335 1,856,647 4.19%

2019-2020 Initial Draft Expenditures

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Glens Falls City Schools

2019-2020 Initial Budget Gap

2018-2019 2019-2020 Dollar Percent Adopted Projected Variance Variance Projected Expenditures 44,309,688 46,166,335 1,856,647 4.19% Projected Revenues 42,394,039 43,224,675 830,636 1.96% Total Variance 1,915,649 2,941,660 1,026,011 53.56% Appropriated for Debt

  • 495,000

495,000 N/A Appropriated ERS Reserve 510,352 504,877 (5,475)

  • 1.07%

Appropriated Unassigned FB 1,405,297

  • (1,405,297)
  • 100.00%

Total Appropriated Fund Balances 1,915,649 999,877 (915,772)

  • 47.80%

Grand Total Variance

  • 1,941,783

1,941,783 4.21%

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Glens Falls City Schools

What is the effect on taxpayers?

Assessed 2018-2019 2.63% Levy Value Tax Paid Increase Difference Glens Falls 100,000.00 2,369.34 2,431.68 62.34 Queensbury 100,000.00 1,824.39 1,872.39 48.00 This scenario assumes: No STAR exemptions No change in assessed values No change in full values No change in equalization rates

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Glens Falls City Schools

What is the effect on taxpayers?

Assessed 2018-2019 2.63% Levy Value Tax Paid Increase Difference Glens Falls 200,000.00 4,738.67 4,863.36 124.68 Queensbury 200,000.00 3,648.78 3,744.79 96.01 This scenario assumes: No STAR exemptions No change in assessed values No change in full values No change in equalization rates

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Glens Falls City Schools

What is the effect on taxpayers?

Assessed 2018-2019 2.63% Levy Value Tax Paid Increase Difference Glens Falls 300,000.00 7,108.01 7,295.04 187.03 Queensbury 300,000.00 5,473.17 5,617.18 144.01 This scenario assumes: No STAR exemptions No change in assessed values No change in full values No change in equalization rates

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Glens Falls City Schools

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Glens Falls City Schools

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Glens Falls City Schools Glens Falls City Schools

  • Budget development timeline

– Audit & Finance Committee Meetings

  • March 20, 2019 – 7 p.m.

– Board of Education Meetings

  • March 11, 2019 – 7 p.m.
  • April 8, 2019 – 7 p.m. (anticipated budget adoption)
  • April 30, 2019 – 7 p.m. (BOCES budget adoption)
  • May 13, 2019 – 6 p.m. Public Budget Hearing
  • May 21, 2019 – 12 p.m. – 9 p.m. – BUDGET VOTE DAY
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Glens Falls City Schools Glens Falls City Schools

The mission of the Glens Falls City School District is to provide a safe, positive and stimulating environment — one that fosters self growth, a passion for continuous learning, confidence and the ability to succeed in a changing world. We promote excellence through high expectations and evolving standards for students, staff, parents and community. The challenge is to reach one’s personal best while respecting each person’s individuality. We make it our responsibility to be accountable for the implementation of this mission and to model behaviors that are influential to the character as well as the mind.

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Glens Falls City Schools Glens Falls City Schools

  • Additional materials on www.gfsd.org
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