Pulaski Academy & Central School 2020-21 Budget Presentation Budget at-a-glance Guiding Principles Spending Plan Board of Education Election Other Propositions Revenue Tax Cap Contingent Budget Budget Documents Questions & Answers
Budget at-a-glance ¤ Total Budget $27,617,000 ¤ Year-to-Year Increase $322,000 (1.2%) ¤ Tax Levy Increase $132,937 (1.9%) ¤ At Tax-Levy “Cap” of 1.9%
Guiding Principles ¤ Sound Financial Planning ¤ Operating efficiency and efficacy ¤ Forward-thinking and sustainable programming ¤ Annual strategic adjustments
Spending Plan: Administration Administrative Component ¤ The Administrative Component of the budget focuses on expenditures associated with business operations, administration, and professional development. ¤ Decrease of $47,434 (1.6%) ¤ Increases: Contractual increases $33,000 ¤ Reductions: Administrative position $104,000
Spending Plan: Program Program Component ¤ The Program Component of the budget focuses on the cost of instruction and student services. ¤ Increase of $283,761 (1.5%) ¤ Increases: Contractual increases $190,000, BOCES Special Education costs $168,000, Employee Benefits $91,000 ¤ Reductions: Math Teacher, Special Education Teacher, Home and Careers Teacher (0.6 FTE), Teaching Assistant $208,000
Spending Plan: Capital Capital Component ¤ The Capital Component of the budget focuses on the cost of operation and maintenance of school facilities, and the district's obligations on debt. ¤ Increase of $85,672 (1.6%) ¤ Increases: 2 Special Patrol Officers $120,000, contractual increases $20,000, Buses $35,000 ¤ Reductions: Retirements $30,000, Utilities $45,000, Other $10,000
Board of Education Election ¤ Voters will elect two Board of Education member to serve three-year terms.
Other Propositions ¤ Capital Reserve withdrawal of $100,000 for bus purchase
Revenue ¤ Projected State Aid: $17,254,563 (.05% decrease) ¤ Property Taxes: $7,414,076 (1.9% increase) ¤ Other Income: $2,948,361
TAX LEVY LIMIT 2020-21 The total amount of property tax revenue levied 2019-20 Tax Levy $ 6,987,098 by the school district for the 2019-20 school × year. Determined by the Department of Taxation & Tax Base Growth Factor 1.0069 Finance, this is the year to year increase in the Tax Cap + full value of taxable real property in the school district. $256,658 PILOTs for 2019-2020 2019-20 PILOTs receivable in the prior fiscal year. - 2019-20 exemptions related to capital Exemptions for 2019-20 $209,890 construction costs and debt service. × This factor, which accounts for inflationary Allowable Levy Growth Factor 1.0181 change, is limited to the lesser of 2% or the change in the consumer price index. - 2020-21 PILOTs receivable in coming fiscal PILOTs for 2020-2021 $ 269,041 year. - Pension Exemptions $ - Applies when the employer contribution rates set by the state pension systems increase by more than 2 percentage points from one year + to the next. TRS contribution rate increased from 8.86% to 9.53%. ERS contribution rate remained the same at 14.6%. $ 178,814 The amount of the district's 2020-21 tax levy Capital Exemptions necessary to pay capital construction and debt service costs. This refers only to the portion = paid with local tax dollars, it does not include state building or transportation aid received. Maximum Allowable Tax levy $ 7,120,035 The highest tax levy that a school district can propose as a part of its annual budget for 2020-21 which only the approval of a simple majority of Tax Levy Increase $ 132,938 voters (50%+1) is required. 1.90%
Contingent Budget ¤ If the proposed budget is defeated by voters, the Board of Education has three options: Present the same budget to voters a second time, present a revised budget, or adopt a contingent budget. If the budget is defeated a second time, the board must adopt a contingent budget. ¤ Under New York State’s tax “cap” law, a district can levy a tax no greater than that of the prior budget year - a zero percent increase - in a contingent budget.
Budget Documents ¤ Budget Newsletter ¤ 3-part budget detail document ¤ School District Budget Notice ¤ New York State School Report Card ¤ Property Tax Report Card ¤ Fiscal Accountability Supplement ¤ Administrative Salary Disclosure ¤ Exemption Impact Report
Questions & Answers
Recommend
More recommend
