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
May 2, 2018
District: County:
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
Reorganization Incentive Operating Aid
Academic Enhancement Aid
Expense-Based Aids $12,023,473 $11,904,820 ($118,653)
Building Aid 5,045,239 4,173,223 (872,016)
Reorganization Incentive Building Aid
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
Charter School Transition Aid
Private Excess Cost Aid 796,516 803,140 6,624 0.8% Public Excess Cost High Cost Aid 673,029 620,573 (52,456)
Supplemental Public Excess Cost Aid
Other Aids $400,304 $393,408 ($6,896)
Computer Software Aid 65,014 63,650 (1,364)
Library Material Aid 24,215 26,556 2,341 9.7% Textbook Aid 238,185 232,767 (5,418)
Hardware and Technology Aid 72,890 70,435 (2,455)
Full Day-Kindergarten Conversion Aid
Universal Prekindergarten Aid
TOTAL AID $32,972,009 $33,213,368 $241,359 0.7% Total Aid without Building Aids $27,926,770 $29,040,145 $1,113,375 4.0%
School Aid 2018-19 Governor's Proposed Budget
NIAGARA-WHEATFIELD CSD Niagara
$20,915,140
$22,597,217
$1,682,077
Important Numbers:
6
appropriation from restricted reserves and appropriation from unappropriated fund balance)
Important Numbers:
8
– Appropriation from 2017-2018 Surplus (Unappropriated Fund Balance)
*A 2.49% tax increase = $801,245 (already figured in above calculation)
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
$ = 32,954,390 $ Allowable Levy Growth Factor Based on CPI x 1.0200 = 33,613,478 $ Budget Year PILOT Receivables (18-19 Budget)
$ 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%
3-year Average Increase = 0.85%
4-year Average Increase = 1.26%
*Levy was equal to levy limit. **Levy limit is 4.28%
*NYS Comptroller’s Office Data
2018-2019.
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.
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.
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
authorizing the creation of the parking lot from the General Capital Reserve fund will have zero impact on our local tax levy.
from the General Capital Reserve Fund to construct alterations and improvements to the Dectron Unit for the High School
work on the Dectron Unit from the General Capital Reserve fund will have zero impact on our local tax levy.