Alden Central School District

Transcription

1 Alden Central School District Budget Board of Education Meeting April 17, 2018

2 Agenda Board member questions from March 29 th presentation Revenue & State Budget Update Tax Rate Impact Discussion

3 Revenue & State Aid Update

4 State Budget Update State Budget was approved - Approximately $1B increase in Aid to Schools $568.3M Foundation Aid increase Minimum increase is 1.9%, median increase is 3.0% Due to large decreases in enrollment, Alden will get the minimum increase $50M increase for community schools Alden is not eligible for this $240M increase in expense driven aids Building, BOCES, Transportation, Excess Cost Cap on expense driven aids was dropped $60M increase for charter schools $15M for Pre-K funding for 3 & 4 year olds

5 State Budget Update New school-based budget reporting required Required information includes: Demographic data Per pupil funding by building Source of funds Format to be determined by State Division of Budget, in consultation with the State Education Department Alden will need to implement in the 2 nd year ( ) School Lunch Program: Prohibits lunch shaming Must provide students with a meal of their choice Farm-to-School initiatives $.25 lunch reimbursement if 30% of food purchases come from local sources

6 State Budget Update Charitable Contribution Funds Local Education Fund Enacted to offset the impact of the cap on the SALT deduction Created at the discretion of the Board of Education Proceeds from the fund can be used for public educational purposes Taxpayers eligible for a school property tax credit up to 95% of the contribution No Internal Revenue Service determination on whether legal or not Property taxes No changes to address BOCES capital, PILOT property and negative tax cap issues 2% annual cap on the growth in STAR benefits remains in effect

7 State Aid Estimate for Alden Overall 6.3% decrease in State Aid for next year, 1.7% increase without Building Aid Reasons for Decrease in State Aid: Foundation Aid The District will receive the State minimum due to decreasing enrollment Future aid increases will be limited until student enrollment starts increasing, which is not anticipated to happen for a few more years. Expense driven aid increases for BOCES, Transportation and Excess Costs are based on expenditures in the current year The District has controlled the costs in these areas and will see minimal aid increases for next year There will be a significant decrease in Building Aid as the District paid off debt associated with a prior capital project in the school year.

8 Estimated State Aid Revenue State Aid Category Budget Budget Increase/ Decrease Foundation Aid $9,254,502 $9,427,149 $172,647 Transportation Aid 1,838,358 1,828,430 (9,928) BOCES Aid 814, ,151 29,133 Public Excess Cost Aid 125, ,134 (7,775) Private Excess Cost Aid 300, ,218 51,099 Hardware Aid 28,371 28,360 (11) Software, Library and Textbook Aid 137, , Building Aid 2,250,824 1,104,400 (1,146,424) Supplemental Public Excess Cost Aid Bullet Aid - School Resource Officer 20,000 0 (20,000) Total Projected State Aid $14,770,618 $13,839,502 ($931,116) Decrease in State Aid over the prior year -6.30%

9 Proposed Revenue Budget Revenue Description Change State Aid $14,770,618 $13,839,502 ($931,116) County Sales Tax 1,725,000 1,775,000 50,000 Local Sources 279, , Federal Sources 50,000 50,000 0 Use of Fund Balance & Reserves 3,000,000 3,143, ,550 Property Tax Levy 14,554,604 14,884, ,693 Total Projected Revenue $34,379,776 $33,972,380 ($407,396)

10 Preliminary Expenditure Budget as of February 1, 2018 $34,554,121 Adjustments: TRS rate adjustment 3/1/2018 ($46,123) Savings from 3 teacher retirements 3/1/2018 ($181,132) BOCES pricing adjustments 3/1/2018 ($11,764) Proposed Expenditure & Revenue Budget Educational program reductions due to student course selections, decreasing enrollment, and reorganization of some academic programs (4.5 FTEs) Administrative reductions, including Board of Education trainings and conferences 3/1/2018 3/1/2018 ($308,722) ($10,000) Possible additional unemployment costs 3/1/2018 $56,550 Savings from 1 teacher retirement and 1 administrator retirement 3/15/2018 ($139,732) BOCES pricing adjustments 3/15/2018 $29,615 Health insurance rate adjustment 3/15/2018 ($58,430) Add 1.0 FTE Elementary position to reduce class sizes 3/15/2018 $65,715 Add 0.5 FTE Teacher Aide to support One-to-World Initiative 3/15/2018 $22,282 ($581,741) Revised Expenditure Budget as of April 17, 2018 $33,972,380 Revenue: Non-Property Tax Revenue $15,944,533 Property Tax Levy % Increase 14,884,297 Total Revenue $30,828,830 Use of Fund Balance: Appropriated Fund Balance for Next Year's Taxes 3,000,000 Debt Service Reserve 87,000 Unemployment Reserve 56,550 Total Fund Balance 3,143,550 Total Revenue and Fund Balance $33,972,380

11 Preliminary Tax Rates

12 District Tax Levy Erie County Sales Tax Assessed Values Equalization Rates School Tax Rate Factors

13 Projected Tax Rates Tax Rate per $1,000 TAV Town (County) $ Change Alden (Erie) $16.64 $17.01 $0.37 Lancaster (Erie) $18.08 $18.49 $0.41 Marilla (Erie) $43.78 $44.77 $0.99 Newstead (Erie) $18.08 $18.49 $0.41 Darien (Genesee) $18.79 $19.22 $0.43 Bennington (Wyoming) $41.74 $42.72 $0.98 Final Tax Rates in August will change based upon final assessments and equalization rates.

14 For the Town of Alden: Projected Tax Impact & STAR Savings Projected tax rate increase from $16.64 ( ) to $17.01 ( ) per $1,000 of assessed value Results in an annual projected school tax increase of $27.58 for a home valued at $100,000 (FMV) STAR savings exemption will be $509 (The exemption for was $499)

15 Rank School District Tax Levy Tax Levy Tax Levy Tax Levy Tax Levy Tax Levy Percent Change (from to ) Average Annual Change 1 Jamestown City SD 14,641,567 14,641,567 14,641,567 14,860,842 14,641,567 14,641, % 0.00% 2 Cheektowaga-Sloan UFSD 15,331,487 14,882,613 15,089,534 15,232,624 15,236,351 15,364, % 0.04% 3 Dunkirk City SD 9,614,516 9,614,516 9,705,854 9,361,295 9,548,521 9,771, % 0.33% 4 Alden CSD 14,127,454 14,551,328 14,554,604 14,554,604 14,554,604 14,554, % 0.60% 5 Cleveland Hill UFSD 11,778,307 12,189,370 12,278,352 12,155,568 12,060,755 12,299, % 0.89% 6 Southwestern CSD 12,084,548 12,376,950 12,719,160 12,780,720 12,644,068 12,707, % 1.03% 7 Brocton CSD 4,399,586 4,486,946 4,552,172 4,495,650 4,558,742 4,649, % 1.14% 8 Clymer CSD 3,867,770 3,966,909 4,042,171 4,102,937 4,116,464 4,111, % 1.26% 9 Falconer CSD 6,640,677 6,856,116 6,957,882 7,108,753 7,008,316 7,081, % 1.33% 10 Gowanda CSD 4,702,947 4,844,036 4,890,814 4,970,045 4,976,507 5,045, % 1.46% 11 Akron CSD 8,987,410 9,324,438 9,435,800 9,525,000 9,595,000 9,690, % 1.56% 12 Fredonia CSD 14,642,239 15,079,019 15,210,823 15,473,631 15,611,280 15,822, % 1.61% 13 Frewsburg CSD 4,879,574 4,982,166 5,081,905 5,180,585 5,191,989 5,275, % 1.62% 14 Tonawanda City SD 10,892,593 11,241,156 11,527,795 11,675,351 11,449,561 11,815, % 1.70% 15 North Collins CSD 4,881,423 5,024,017 5,166,082 5,249,933 5,249,933 5,301, % 1.72% 16 Holland CSD 6,616,360 6,914,000 7,086,850 7,193,150 7,193,150 7,193, % 1.74% 17 Depew UFSD 16,110,437 16,588,816 16,754,674 17,243,582 17,370,360 17,558, % 1.80% 18 Springville-Griffith Institute CSD 14,562,441 14,709,577 15,157,008 15,378,653 15,500,961 15,894, % 1.83% 19 Silver Creek CSD 5,512,849 5,661,824 5,777,850 5,893,985 5,975,199 6,034, % 1.89% 20 Hamburg CSD 31,801,349 33,519,094 34,936,619 36,974,654 35,324,513 34,946, % 1.98% 21 Cheektowaga CSD 21,797,311 22,434,322 22,814,991 22,965,481 23,306,729 23,997, % 2.02% 22 Lackawanna City SD 8,590,000 8,590,000 8,933,600 9,112,272 9,294,517 9,480, % 2.07% 23 Eden CSD 12,907,599 13,045,189 13,276,679 13,571,363 13,697,708 14,275, % 2.12% 24 Amherst CSD 31,376,126 32,559,006 33,234,186 34,153,763 33,990,163 34,921, % 2.26% 25 Cheektowaga-Maryvale UFSD 18,477,678 19,021,734 19,371,581 19,854,462 20,369,120 20,775, % 2.49% 26 Iroquois CSD 25,532,769 26,103,470 26,923,682 27,842,604 28,068,629 28,847, % 2.60% 27 Sherman CSD 2,305,843 2,398,032 2,496,712 2,555,479 2,555,479 2,605, % 2.60% 28 Williamsville CSD 106,366, ,505, ,384, ,922, ,227, ,353, % 2.63% 29 Grand Island CSD 29,263,924 30,044,924 30,807,924 31,345,630 32,281,397 33,126, % 2.64% 30 Lancaster CSD 44,450,137 46,211,252 47,789,584 48,664,133 49,472,993 50,544, % 2.74% 31 West Seneca CSD 52,549,019 54,084,762 55,151,920 58,390,170 58,942,391 59,879, % 2.79% 32 Kenmore-Tonawanda UFSD 72,269,837 75,249,941 77,321,512 79,236,785 82,390,409 82,390, % 2.80% 33 Frontier CSD 33,778,041 34,969,020 36,227,031 36,996,183 37,808,502 38,727, % 2.93% 34 Orchard Park CSD 53,072,743 54,814,641 57,129,054 59,211,985 60,170,654 61,554, % 3.20% 35 Clarence CSD 39,704,000 43,592,709 42,439,977 44,068,450 45,286,097 46,074, % 3.21% 36 East Aurora UFSD 17,404,174 17,991,247 18,514,187 18,962,486 19,144,742 20,465, % 3.52% 37 Sweet Home CSD 37,793,144 39,130,963 41,505,052 42,968,153 44,033,641 45,433, % 4.04% Data for all Erie 1 BOCES and Erie 2 BOCES Component Districts Data Source: New York Property Tax Report Card Data Available online at: Alden had the 4th lowest tax levy increase of the 37 component districts in Erie 1 and Erie 2 BOCES over the past 5 fiscal years

16 True Value Tax Rate Rank District True Value Tax Rate 1 East Aurora UFSD $ Frontier CSD $ Clarence CSD $ Iroquois CSD $ Lakeshore CSD $ Springville-Griffith Institute CSD $ Cheektowaga CSD $ Williamsville CSD $ Alden CSD $ Lancaster CSD $ Sweet Home CSD $ Akron CSD $ Lewiston Porter CSD $ West Seneca CSD $ Orchard Park CSD $ Cheektowaga-Maryvale UFSD $ Tonawanda City SD $ Hamburg CSD $ Lackawanna City SD $ Amherst CSD $ Eden CSD $ Grand Island CSD $ Kenmore-Tonawanda UFSD $ Starpoint CSD $ Depew UFSD $ Newfane CSD $ North Collins CSD $ Cleveland Hill UFSD $ Cheektowaga-Sloan UFSD $32.19 $35.00 $30.00 $25.00 $20.00 $15.00 $ True Value Tax Rates by District $5.00 $0.00 District Information obtained from the Erie County Association of School Boards, Facts and Figures Information Average $18.66

17 Propositions and Board Vacancies

18 Proposition No Budget Authorization to adopt the budget of $33,972,380. The proposed expenditure decrease is ($407,396). This represents a 1.18% decrease over the budget. The expenditure budget presented maintains current programs K-12 and full complement of secondary electives. The tax levy will increase by 2.27%. This will be the first increase in 4 years.

19 Proposition No. 2 Purchase of Buses Authorization to purchase two (2) 66- passenger buses, two (2) 29-passenger buses, one (1) wheel chair equipped 24- passenger bus and one (1) sevenpassenger four-wheel drive SUV at a maximum cost of $480,000 Expense to be paid from existing voter approved capital reserve funds Voter approval required to expend capital reserve funds No tax impact

20 Proposition No. 3 Establish School Bus Capital Reserve Establish a new Capital Reserve - School Bus Reserve Fund 2018, amount not to exceed $1,500,000 Existing bus reserves cannot be replenished This reserve, as in the past, would be funded with State Aid (Transportation Aid) associated with the reimbursement of money previously spent on prior bus purchases Voter approval at a later date would be required to use the reserve to purchase buses No tax impact

21 Proposition No. 4 Purchase of Buildings and Grounds Equipment Authorization to purchase buildings and grounds equipment at a maximum cost of $78,700 The District is seeking to purchase a Ford F-350 pick-up with plow, 72 horsepower utility vehicle (UTV) with cab and plow, and an infield groomer attachment for the UTV Expense to be paid from existing voter approved capital reserve fund Voter approval required to expend capital reserve funds No tax impact

22 Board of Education Vacancies There will be two (2) Board of Education vacancies on the ballot: Full five-year term - July 1, 2018 to June 30, 2023 Commence upon election and to expire June 30, 2019

23 Discussion