1 MCSD Budget Presentation Meeting

Transcription

1 1 MCSD Budget Presentation Meeting Thursday, February 12, 7:30 p.m.

2 2 Budget Presentation Meeting Agenda: Welcome! Pledge to the Flag Introductions Review our purpose, ground rules & sign in Focus of the Budget Effort Presentations: Preliminary Budget Forecast & Assumption & Tax Levy Limit Questions & Answers Review of Budget Calendar Adjournment Next Budget Presentation: Thursday, February 26, 2015 RJK Middle School

3 3 Budget Presentation Introduction: The Board continues to solicit public input The Board of Education makes the final decision of any budget being presented to the public to vote on by law Our goal - transparent budget process Everyone s ideas will be heard and respected We are not here to debate each other We will open the floor for questions at the end of the presentation. If we do not have the answer, we will attempt to provide a response at the following Budget Presentation Meeting, if not before Please, no individual agendas Please comment in context

4 4 Current District Baseline # of Students Served: 2,930 # of Classrooms at the Elementary Level: Elementary: 87 # of Academic Programs Offered at the Secondary Level: Middle School: 292 classes per day High School: 435 classes per day # of Extra Curricular Programs Offered: Athletic Programs: 69 Clubs, Organizations and Activities: 26 ONE MONTICELLO

5 5 What do you want for our children? What do you want for our future? Solid Graduation Rate of 90% or better.

6 6 Board of Education Goals

7 7 Attaining our Goals How is this accomplished? Creation of a Student Centered Culture Appropriate Staffing Making Solid Program Choices.Budget Management

8 8 Tax Levy Cap A. Total Real Property Tax Levy for Base Year (2014/15) $ 44,866,909 B. Excess Levy in Reserve $ - C. Tax Levy subtotal (A - B) $ 44,866,909 D. Tax Base Growth Factor (Minimum of 1.0) E. Adjusted Tax Levy subtotal (C x D) $ 44,992,536 F. Base Year PILOTS $ 1,200,382 G. Base Year Levy plus PILOTS $ 46,192,918 H. Base year Torts and Judgements > 5% $ - I. Base year Capital Expenditures (Net of Aid) $ 2,173,225 J. Total base year Torts and Capital Expenditures $ 2,173,225 K. Levy less base year Torts and Capital Expenditures (G - J) $ 44,019,693 L. Allowable Levy Growth Factor based on CPI (1.6222% for 2015/16) M. Levy including levy Growth Factor $ 44,732,812 N. Budget year PILOT receivables $ 1,180,185 O. Levy less budget year PILOTS (M - N) $ 43,552,627 P. Eligible Carryover from base year budget $ - Q. Tax Levy Limit - before Exclusions (O + P) $ 43,552, % Budget Year Exclusions R. Capital Expenditures (Net of Aid) - Debt Service & Buses $ 3,440,267 S. Pension Expenditures (Above 2%) $ - T. Court orders/judgements in > 5% base year levy $ - U. Total Exclusions (R + S + T) $ 3,440,267 Total Tax Levy including Exclusions (Q + U) $ 46,992, % * *This would only require a simple majority vote.

9 9 Retirement Trends New York State Employee s Retirement Contributions 2015/ % 2014/ % 2013/ % 2012/ % New York State Teacher s Retirement Contributions 2015/ % 2014/ % 2013/ % 2012/ %

10 10 Revenue Worksheet Interest on Taxes 135,000 Sale or Loss Compensation 1,000 Charges for Services 138,500 Interest Earnings 60,000 Insurance Compensation 15,000 Miscellaneous 2,314,405 State Aid 31,000,000 Medicaid Reimbursements 150,000 Fund Balance 5,500,000 Tax Levy 42,203,346 Total Revenue 81,517,251

11 Proposed Budget: Estimated Revenue $ 81,517,251 State Aid Increase $ 912,246 Proposed Budget $ 81,517, Adopted Budget $ 83,178,573 Percent Change (2.00%) Modified Rollover Budget $ 85,540,492 Budget Deficit $ (4,023,241) Proposed Budget $ 81,517,251 Definition: Modified Rollover Budget: Contractual items (staff contracts, benefits, debt service) moved forward

12 Budget Discussion: Adopted Budget Rollover 2.84% Proposed 1.61% Contingent Estimated Budget $ $83,178,573 $85,540,492 $81,517,251 $?? State Aid Projection $30,610,344 $31,000,000 $31,000,000 $?? Fund Balance (applied) to offset taxes $ 5,500,000 $ 8,500,000 $ 5,500,000 $?? Other Revenues $ 2,201,320 $ 2,837,146 $ 2,813,905 $?? Projected Tax Levy % Increase $44,866, % $43,203, % $42,203, % $ 0% $ Amount to reduce to achieve budget amount NA NA NA $??

13 13 Open Questions & Challenges Casino Unappropriated Fund Balance

14 14 Casino Tax Revenue and PILOT (Payment In Lieu Of Taxes) Population and Building Use Enrollment Projections Building Use Task Force

15 15 Appropriated Fund Balance VS Unappropriated Fund Balance Appropriated Fund Balance: Monies set aside in a specified reserve by Board of Education approval. These monies are to be used for the purpose stated by the reserve (Worker s Compensation Reserve, Unemployment Reserve, Tax Certiorari Reserve, Reserve for Employee Benefits & Accrued Liabilities) Appropriated Fund Balance = $6,024,973 Unappropriated Fund Balance: Total fund balance in the general fund in excess of the appropriated fund balance Unappropriated Fund Balance = 22% of overall current budget

16 16 Unappropriated Fund Balance MONTICELLO CENTRAL SCHOOL DISTRICT 3 Year Revenue VS Expenditure Including BOCES Surplus 2012/ / /2015 Approved Budget $ 77,384,789 $ 80,186,419 $ 83,178,573 Revenues $ 74,714,653 $ 77,465,776 $ 80,001,990 current Expenditures $ 74,099,888 $ 73,976,163 $ 76,368,016 current Surplus (Deficit) $ 614,765 $ 3,489,613 $ 3,633,974 BOCES REFUND $ 2,372,886 $ 2,595,269 $ 3,364,472

17 17 Unappropriated Fund Balance Potential Uses: Capital Reserve: To cover, in whole or in part, the cost of any object or purpose for which a school district may issue bonds pursuant to the Local Finance Law. May be established only with voter approval of a proposition that states the purpose of the fund, the ultimate amount thereof, its probable term, and the source from which the funds would be obtained. Funds may be expended only with voter approval, and only for the specific purpose for which the fund was established. There has been no major capital project since Continued offset of overall budget.

18 18 Key Focus Points The Board of Education will continue to monitor, evaluate and assess student improvement. The Board will budget strategically to guarantee fiscal strength in the coming years. The Board will update, maintain and enhance school facilities. The Board will model and maintain its expectations that all staff and students will exhibit respect, responsibility and kindness.

19 19 Back to the Goals What do we want for our children? What do we want for our future?

20 20 Budget Calendar I. General Information: Monday, April 20, 2015 Thursday, April 23, 2015 Tuesday, May 5, 2015 Thursday, May 7, 2015 Friday, May 8, 2015 Tuesday, May 12, 2015 Tuesday, May 19, 2015 BOE petitions due to District Clerk by 5:00 p.m. BOE adopts Proposed Budget Budget available to public Budget Hearing Budget Notice mailed to District Residents Registration Day VOTE DAY II. Board of Education Involvement: *Budget Meetings open to public Thursday, February 12, 2015 Thursday, February 26, 2015 Tuesday, March 3, 2015 Thursday, March 12, 2015 Tuesday, March 17, 2015 Thursday, March 26, 2015 Tuesday, April 14, 2015 Thursday, April 23, 2015 (Prior to Board of Education Meetings 7:00-7:30 p.m.): Topic Preliminary Budget Forecast & Assumption & Tax Levy Limit Topic Transportation, Facilities, Athletics & Technology BOE Budget Work Session 6:00 p.m. Topic Elementary, M.S., H.S., Enrollment & Curriculum/Staff Development BOE Budget Work Session 6:00 p.m. Topic BOCES Services, Pupil Personnel Services, Undistributed, Benefits & Staffing BOE Budget Work Session 6:00 p.m. BOE Meeting discussion & adoption

21 21 Questions & Answers Next Budget Meetings: Thursday, February 26 7 p.m. Topics: Transportation, Facilities, Athletics & Technology Thursday, March 12 7 p.m. Topics: Elementary, Middle School, High School, Enrollment & Curriculum/Staff Development Thursday, March 26 7 p.m. Topics: BOCES Services, Pupil Personnel Services, Undistributed, Benefits & Staffing BOE Work Sessions: Tuesday, March 3 6 p.m. Tuesday, March 17 6 p.m. Tuesday, April 14 6 p.m.