Rockville Centre UFSD 2020/2021 Proposed Budget FEBRUARY 5, 2020 - - PowerPoint PPT Presentation
Rockville Centre UFSD 2020/2021 Proposed Budget FEBRUARY 5, 2020 Discussion Budget Schedule By the Numbers Budget Development Process Budget Basics Transparency Financial Condition Controlling the Budget 2020/2021
FEBRUARY 5, 2020
Budget Schedule By the Numbers Budget Development Process Budget Basics Transparency Financial Condition Controlling the Budget 2020/2021 Budget Review Budget Presentation Format
February 5
February 25
March 1
March 4
March 18
April 2
April 21
May 6
May 19
Enrollment 3,600 students
Schools 5 Elementary (K-5), 1 MS (6-8), 1 HS (9-12), Greenhouse
Graduation Rate All SWD
Regents
99% 90%
Advanced Designation
90% 62%
With Full IB Diploma
43% 6%
Combined Wealth Ratio = 1.638 (NYS Average = 1.00)
Free & Reduced Price Lunch Percentage = 11.94%
Limited English Proficiency = 2.23%
Special Education Classification Rate = 14.43%
Administrators put together budget requests
Supplies/Services Equipment/Capital Projects Personnel Requests
All reviewed with Assistant Superintendent for Business
Superintendent and Cabinet review
Proposed budget finalized and presented to the Board and Public for review at Budget Work Sessions
Budget is fine tuned as more information becomes available (Enrollments, retirements, CSE’s)
Preliminary Budget Hearing – Last chance to change Budget
Formal Budget Hearing – Information Only
Budget Vote and Election
Local Revenue 3.0% CORE/RISE Tuitions 2.7% Fund Balance 2.7% State Aid 10.4% Tax Levy 81.2%
FUNDING SOURCES
Program 78.2% Capital 13.0% Admin 8.8%
Before Tax Cap Determine Budget Subtract State Aid Subtract Local Revenue Subtract Use of Reserves = Tax Levy After Tax Cap Determine Tax Levy Add State Aid Add Local Revenue Add Use of Reserves = Budget
Consumer Price Index (CPI) P.I.L.O.T.S Last Year Levy Capital Exclusions Growth Factor
Tax Cap Calculation
Tax Cap
Budget Workshops
Budget Documents On line
Financial Statements On Line
Independent Audit Report
Full Line by Line Budget On Line
Annual Budget Brochure mailed to all residents
Budget Notice mailed to all residents
PTA Presentations
Three Part Budget
School Funding Transparency - NEW
Fund Balance Managed Year to Year Using reserves to maintain programs Moody’s Bond Rating Strong at Aa2 (Issued February 4, 2019)
Aa2 is second highest rating (only Aaa and Aa1 higher) Exceeds median rating of school districts nationwide “The financial position of the district is healthy overall” “Rockville Centre UFSD has a very high quality credit position”
Replenish reserves when possible Fund Balance not at maximum 4.0% allowed (Only 3.0%)
Manage Reserves Bargaining Unit Negotiations Competitive Bidding/State Contracts Consortium Purchasing Delay purchases until second half of year Energy Performance Contract
Line by Line Coding in State required format
Function – Functional area (Business Office, Instruction, Guidance, etc.) Object – Type of expense (Salary, Equipment, Supplies, etc.) Location – Buildings (Covert, High School, District-wide, etc.) Program – Separates programs (Math, ELA, Project Great, etc.)
More codes broken out by schools (staffing) than in prior years Explanation of Budget Document (prior years are on line)
General Instruction
Classroom Specials (Music, Art, Phys Ed, FLES, STELLAR)
Pupil Personnel Services
Athletics
After School and Special Programs
Technology Services
Transportation
Administration
Support Services