Niagara Wheatfield Central School District 2018-2019 Budget - PowerPoint PPT Presentation

Niagara Wheatfield Central School District 2018-2019 Budget Presentation May 2, 2018

2018-2019 Budget Timeline • 04/16/18 - Last Day to File for Board of Education Candidacy • 05/02/18 - Annual Public Information Hearing on Budget • 05/15/18 - Annual Budget Vote and School Board Election

Four Key Categories: • Adequate Funding for Student Programs • BOCES Aid • Restricted Reserve Funds • Fully Fund Pre-Kindergarten Programs

School Aid 2018-19 Governor's Proposed Budget District: NIAGARA-WHEATFIELD CSD County: Niagara Aid Category 2017-18 2018-19 Change % Change General Purpose Aids $20,548,232 $20,915,140 $366,908 1.8% Foundation Aid 20,548,232 20,915,140 366,908 1.8% High Tax Aid - - - NA Reorganization Incentive Operating Aid - - - NA Academic Enhancement Aid - - - NA Expense-Based Aids $12,023,473 $11,904,820 ($118,653) -1.0% Building Aid 5,045,239 4,173,223 (872,016) -17.3% Reorganization Incentive Building Aid - - - NA Transportation Aid (including summer) 2,903,597 3,523,347 619,750 21.3% BOCES Aid 2,605,092 2,784,537 179,445 6.9% Non-BOCES Special Services Aid - - - NA Charter School Transition Aid - - - NA Private Excess Cost Aid 796,516 803,140 6,624 0.8% Public Excess Cost High Cost Aid 673,029 620,573 (52,456) -7.8% Supplemental Public Excess Cost Aid - - - NA Other Aids $400,304 $393,408 ($6,896) -1.7% Computer Software Aid 65,014 63,650 (1,364) -2.1% Library Material Aid 24,215 26,556 2,341 9.7% Textbook Aid 238,185 232,767 (5,418) -2.3% Hardware and Technology Aid 72,890 70,435 (2,455) -3.4% Full Day-Kindergarten Conversion Aid - - - NA Universal Prekindergarten Aid - - - NA TOTAL AID $32,972,009 $33,213,368 $241,359 0.7% $27,926,770 $29,040,145 Total Aid without Building Aids $1,113,375 4.0%

Foundation Aid • Proposed 2018-2019 Aid $20,915,140 • Full Phase-in Foundation Aid $22,597,217 • Amount Underfunded $1,682,077

Important Numbers: • Amount under-funded on Foundation Aid: $1,682,077 • Expected Revenues: $70,892,757 • Expected Revenue Increase: $374,729 (includes appropriation from restricted reserves and appropriation from unappropriated fund balance) • Expected Expenditures: $72,179,915 • Expected Increases in Expenditures: $1,661,887 • Gap = $1,287,158 6

Restricted Reserves Reserve Amount Workers Compensation $1,026,986 Retirement $1,000,000 Employee Benefits $1,983,957 Capital Transportation $3,522,514 (2 reserves) Capital Improvements $6,000,000

Important Numbers: • With 2.49% Levy Increase the Gap = $485,913 • Remainder of Gap can be eliminated with: – Appropriation from 2017-2018 Surplus (Unappropriated Fund Balance) *A 2.49% tax increase = $801,245 (already figured in above calculation) 8

Unappropriated Fund Balance • $2,820,721 = 4% • Board determines how much, if any, to appropriate for 2018-2019

Tax Cap Worksheet Tax Cap Levy Worksheet As of 2-20-18 Tax Levy Limit - Before Exclusions Total Real Property Tax Levy for base year 17-18 $ 32,178,516 Tax Base Growth Factor (Min of 1.0 - provided by State) x 1.0054 = $ 32,352,280 Base Year PILOTS + $ 1,943,722 Capital Expenditures Net of Aid for FYE 06/30/2018 - $ 1,341,612 = $ 32,954,390 Allowable Levy Growth Factor Based on CPI x 1.0200 = $ 33,613,478 Budget Year PILOT Receivables (18-19 Budget) - $ 1,583,078 Available Carryover from FYE 6/30/2016 + $ - Tax Levy Limit - Before Exclusions A $ 32,030,400 Exclusions: Base Year (FYE 6/30/2016) Torts and Judgments > 5% $ - Capital Expenditures Net of Aid for FYE 06/30/2018 + $ 1,524,984 Pension Expenditures Above 2% ERS + $ - TRS + $ - Total Exclusions B $ 1,524,984 Tax Levy Limit Plus Exclusions =A+B $ 33,555,384 4.28%

Recent Tax Levy SCHOOL YEAR CHANGE IN LEVY 2015-2016 2.2% 2016-2017 -0.34% 2017-2018 0.68% 2018-2019 ??? 3-year Average Increase = 0.85%

Recent Tax Levy with Proposed Levy SCHOOL YEAR CHANGE IN LEVY 2015-2016 2.2%* 2016-2017 -0.34%* 2017-2018 0.68%* 2018-2019 2.49%** 4-year Average Increase = 1.26% * Levy was equal to levy limit. ** Levy limit is 4.28%

NWCSD Fiscal Stress Rating *NYS Comptroller’s Office Data

Expenditures • Expenditure Budget – Proposed by Board of Education on March 21

Potential/Planned Facilities Projects • Stieg Road Parking Lot • Smart Schools Project • Energy Performance Contract • Next Capital Project

Expenditures

Expenditures

2018-2019 - Contingency Budget Contingent Budget may not include a levy higher than prior year’s levy (i.e. 0% levy increase) = $32,178,516 If the budget is not approved: • Mandatory Cuts under contingency include: equipment purchases and community use of buildings and grounds

Propositions • Proposition One is an expenditure budget of $72,179,915 for 2018-2019. • Proposition Two would authorize the establishment of a Capital Reserve Transportation Fund with an ultimate amount not to exceed $2,000,000. The District will be able to fund and expend from this reserve for the next ten years. This reserve is utilized for bus and other vehicle purchases. • Proposition Three seeks voter authorization to expend from the current Capital Transportation Reserve an amount not to exceed $800,000 for the purchase of up to 7 new buses. It is important for voters to remember that authorizing expenditure from the Capital Transportation Reserve fund will have zero impact on our local tax levy.

Propositions - Continued • Proposition Four requests the use of up to $635,000 from the General Capital Reserve Fund to undertake a capital project to create a parking lot on a parcel of District owned land, which sits directly across from Errick Road Elementary School. The additional parking lot would reduce the congestion and parking on roadways, especially during afterschool/evening activities. It is important for voters to remember that authorizing the creation of the parking lot from the General Capital Reserve fund will have zero impact on our local tax levy. • Proposition Five authorizes the allocation of up to $400,000 from the General Capital Reserve Fund to construct alterations and improvements to the Dectron Unit for the High School pool. It is important for voters to remember that authorizing work on the Dectron Unit from the General Capital Reserve fund will have zero impact on our local tax levy.

Budget Must Be: Sustainable Responsible

Thank you for supporting our students! Questions?