Preliminary Budget Presentation

Transcription

1 Preliminary Budget Presentation Board of Education Meeting March 1, 2017 Brian D. Russ, Superintendent Paul Blowers, School Business Manager 1

2 Agenda Budget Challenges Strategies for Balancing the Budget Review Tentative Spending Plan Review Projected Revenues Budget Development Calendar Discussion 2

3 East Aurora s Budget Challenges Minimal Projected State Aid Increase Substantial Increase in BOCES Requests for Mandated Services Projected Increase in Transportation Services Fund Balance and Reserve Depletion 3

4 Positive Factors that Helped to Balance the Budget Reduction of TRS and ERS Contribution Rates Health Insurance Increase Well Below Industry Average Enhanced Retirement Incentive Reduction in Expenses for Utilities 4

5 Tentative Preliminary Budget Budget Draft #1 Totals $32,556,481 Represents an Increase of $882,179 from or 2.79% 5

6 Appropriation Adjustments Necessary to Balance Draft #1 - Proposed School District Budget Reduce Teacher Staff at Parkdale 3.3 FTE s Reduce Teacher Staff at the Middle School 4.7 FTE s Reduce Teacher Staff at the High School 5.0 FTE s Reduce Non-Teaching Staff Districtwide 3.5 FTE s Reduce Athletic Programs Eliminate School Resource Officer Eliminate Public Relations Representative 6

7 Items Included in the Proposed Budget Additional Technology Support 1.0 FTE Additional Remedial Student Support Services 2.0 FTE s Additional Nursing Support 2.0 FTE s Equipment for Technology, Instruction & Buildings and Grounds Professional Development Textbooks 7

8 Items Included in the Proposed Budget Advanced Placement Courses Art, Business, Health, Home & Careers, Library, Music, PE, STEM and Technology Junior Varsity & Varsity Athletics Student Clubs & Extra-Curricular Activities Additional Career, Tech Education & Alternative Education Placements 8

9 Components of the Proposed Budget Category Appropriations Appropriations Increase (Decrease) Percent Change Salaries $13,765,780 $13,381,063 (384,717) -2.79% Fringe Benefits 6,392,972 6,042,260 (350,712) -5.49% Supplies/ Equipment 639, ,845 54, % Contractual 2,863,940 3,134, , % BOCES 3,866,281 4,650, , % Transportation 1,395,000 1,880, , % Sub-Total $28,923,089 $29,783, , % Debt Service/Transfer s 2,751,213 2,773,300 22, % Totals $31,674,302 $32,556, , % 9

10 Estimated Revenues to Support Budget Draft #1 Estimated revenues for = $32,556,481. The appropriated reserves have been decreased $39,200 from The appropriated fund balance has been reduced $250,000 from The revenue estimates include an increase in the tax levy of $1,018,231 or 5.32%. This amount is 3% above the Tax Cap. Sales Tax revenues are reduced by $15,

11 Estimated Revenues (Cont.) Transfer from debt service reserve increased by $43,764. Includes the Governor s State Aid Proposal. Includes estimated additional State Aid of $100,000*. * Pending adoption of State Budget on April 1st 11

12 Projected Revenues Category Tax Levy $20,162,973 Sales Tax 2,000,000 State Aid 8,581,046 Appropriated Reserves 350,000 Appropriated Fund Balance 150,000 Interfund Transfer 594,112 Other Sources 718,350 TOTAL $32,556,481 12

13 Re-Cap of the Tentative Budget Draft #1 * 13

14 Budgetary Adjustments necessary for Proposed Budget to be Tax Cap Compliant Reduce Tax Levy Estimate by $574,342 Reduce Corresponding Appropriations by an Additional $574,342 Districtwide 14

15 Tax Impact Tax Levy increase 5.32% Tax Impact on a House Assessed for $100,000 is $201 School District Taxpayers would forfeit the Property Tax Relief Credit if a Non-Tax Cap Compliant Budget is approved by a Super Majority of the voters In 2017, the Property Tax Relief Credit will be a percentage of a homeowners STAR Benefit, with lower incomes receiving a higher percentage benefit. The Maximum Basic STAR Benefit is $460 The Maximum Enhanced STAR Benefit is $957 15

16 Budget Development Calendar March 1, 2017 March 1, 2017 March 15, 2017 March 29, 2017 April 3, 2017 April 19, 2017 April 20, 2017 April 24, 2017 May 3, 2017 May 9, 2017 May 16, 2017 Submit Tax Cap Calculation to NYS Comptroller s Office Review Draft #1 Budget Review Draft #2 of the Budget and Review Recommendations Community Budget Forum Review State Budget and Finalize Budget and Revenue Estimates Adoption of the School District Budget and Property Tax Report Card Submit Property Tax Report Card to SED Make 3 Part Budget Available to the Public Hold Hearing on Proposed Budget Mail Out the Budget Notice Annual Budget Vote 16