Huntington Union Free School District Board of Education Meeting Monday, April 8, 2019

Transcription

1 Huntington Union Free School District Board of Education Meeting Monday, April 8, 2019

2 School aid - $961 million overall increase Foundation aid - $619 million increase (up from Executive $338 million) Expense-based aids - $342 million increase Variation on Executive proposal to implement foundation aid equity plans Rejection of proposals to consolidate expense-based aid categories and reduce building aid reimbursements Tax cap permanency (current format) Eliminates mandate to use state assessments in APPR; local assessments to be collectively bargained (same language approved by legislature earlier this year)

3 Increase in BOCES DS salary cap Authorization for districts to establish TRS reserve fund Authorization for SUNY schools to partner with high schools and offer no or reduced-cost tuition for dually enrolled students Authorization for piggy-back transportation contracts Authorization for three-year extension of mayoral control Allows staggering of building condition surveys Rejects proposals to mandate seat belt use on school buses and authorizing districts to install stop-arm cameras. Requires three-hour paid leave for employees to vote in nondistrict elections Makes changes to the STAR rebate program (e.g., delivery)

4 State Aid Tuition from Other Districts Health Fees Building Use Fees Interest Income Summer School Tuition Driver Education Adult Education Miscellaneous Inter-fund Transfers Designated Fund Balance/Reserves

5 AID CATEGORY ACTUAL STATE $ Change % Change Foundation $9,477,860 $9,703,433 $225, % Transportation 3,192,521 3,400, , % BOCES 1,800,000 2,045, , % High Cost/Excess Cost 967, ,372 (76,239) (7.88%) Hardware & Technology 32,230 34,157 1, % Software/Library/Textbook 432, ,322 (6,671) (1.54%) High Tax 442, , % Supplemental Excess Cost 168, , % Building Aid 630, , , % Other (not included on run) 100, ,000 80, % Local Share Deduct (300,000) ($300,000) % TOTAL $16,943,699 $17,827,613 $883, %

6 $ Change % Change $17,487,062 $17,827,613 $340, %

7 Huntington Combined Wealth Ratio (CWR) = (up from in ) Free/Reduced Lunch: 54.8% (down from 57.0% last year) HUFSD s share of state aid funds approximately 13.4% of its budget District with similar size budget and 0.7 CWR receives over four times the state aid (46% of its budget)

8 Special education services provided to nonresident students attending private and parochial schools within the Huntington School District Students home districts are billed each year NYS reimburses school districts for students attending 4410 schools (e.g., Cleary, Mill Neck)

9 $ Change % Change $85,000 $85, %

10 Health services provided to non-resident students attending private and parochial schools within the Huntington School District Students home districts are billed each year

11 $ Change % Change $120,000 $120,000 $0 0.00%

12 Usage fees paid by outside groups as per Boardapproved schedule - Auditoriums - Fields - Gymnasiums - Classrooms Custodial/security fees paid by outside groups

13 $ Change % Change $111,000 $106,000 ($5,000) (4.50%)

14 Interest earnings on general fund/investment deposits: Checking account interest Certificates of deposit NYCLASS

15 $ Change % Change $100,000 $450,000 $350, %

16 Fees paid to attend Summer School program

17 $ Change % Change $15,000 $0 ($15,000) (100%)

18 Student participation fees

19 $ Change % Change $80,000 $80,000 $0 0.00%

20 Course and program fees

21 $ Change % Change $25,000 $25,000 $0 0.00%

22 Payments in lieu of taxes (PILOTs) Individual charges/fees (e.g., damaged/lost Chromebooks, lost textbooks, uniforms, etc.) e-rate funding Prior year BOCES refund Gifts and donations Interfund Transfers

23 $ Change % Change $824,716 $837,219 $12, %

24 Portion of prior year s surplus used to reduce tax levy

25 Separate accounts established to finance specific district expense categories

26 FUND/RESERVE 6/30/17 BALANCE 6/30/18 BALANCE Unappropriated/Undesignated Fund Balance $5,048,529 $5,020,084 Appropriated/Designated Fund Balance 1,400,000 1,400,000 Capital Reserve Funds (2008/2013/2017) 8,347,550 3,829,359 Employee Benefits and Accrued Liability Reserve (EBALR) 3,185,464 4,014,551 Repair Reserve 362,912 0 Retirement Contribution (ERS) Reserve 4,866,923 5,270,977 Unemployment Insurance Reserve 250, ,665 Workers Compensation Reserve 2,363,148 2,382,111

27 Fund Balance/Reserve Appropriations (Use) (actual) Appropriated/Designated Fund Balance $1,400,000 $1,400,000 Capital Reserve Funds (use unrelated to levy) 7,151,000 3,846,000 Employee Benefits and Accrued Liability Reserve (EBALR) 400, ,000 Retirement Contribution (ERS) Reserve 890, ,000 Unemployment Insurance Reserve 50,000 50,000 Workers Compensation Reserve 600, ,000

28 Beginning Fund/Reserve Balance (7/1) Reserve Funding* (estimated) $23,213,654 $25,186,222 $27,525,226 $26,748,438 $24,135,636 4,040,858 5,210,156 3,101,000 4,955,488 1,940,000 Reserve Usage (800,000) (3,524,197) (3,435,479) (8,607,476) (1,940,000) Other Changes in Fund Balance** Ending Fund/Reserve Balance (6/30) (1,268,289) 653,042 (442,309) 1,039,186 (252,427) $25,186,225 $27,525,226 $26,748,438 $24,135,636 $23,883,209 Net Change $1,972,569 $2,339,001 ($776,788) ($2,612,802) ($252,427) * Includes interest earned on reserves ** Includes changes in encumbrances, appropriated and unassigned fund balance

29 CHANGE State Aid $17,487,062 $17,827,613 $340,551 Tuition from Other Districts 85,000 85,000 0 Health Fees 120, ,000 0 Building Use Fees 111, ,000 (5,000) Interest Income 100, , ,000 Summer School Tuition 15,000 0 ($15,000) Driver Education 80,000 80,000 0 Adult Education 25,000 25,000 0 Other Sources 704, ,219 $2,503 Inter-fund Transfers 120, ,000 0 Designated Fund Balance 1,400,000 1,400,000 0 Reserve Use 1,940,000 2,167, ,000 TOTAL $22,187,778 $23,087,832 $900,054

30 Huntington Union Free School District Board of Education Meeting Monday, April 9, 2018

31 DRAFT TAX LEVY LIMIT $129,812,991 $133,806,073 $133,273,159 REVENUE (includes state aid, fund balance, reserves, other) 22,187,778 22,872,548 22,872,548 TAX LEVY 107,625, ,933, ,400,611 ASSESSED VALUATION 44,963,399 44,963,399 44,963,399 TAX LEVY INCREASE (%) 3.07% 2.58% -TO- INCREASE (%) TAX RATE ($ PER $100 ASSESSMENT) 3.08% 2.67% TAX RATE INCREASE (%) 3.07% 2.58% DRAFT DIFFERENCE ($) ($532,914)

32 Expenditure Change Instructional Coaches (moved to Title IIA grant) $291,491 Employees Retirement System 84,562 Substitute Salaries 10,000 Auditing 3,000 Salaries 82 Teachers Retirement System (23,962) FICA (5,745) Health Insurance (41,467) Equipment (331) TOTAL $317,630

33 Revenues Change State Aid $178,284 DASNY Grant (reimbursement) 50,000 Reserve Use (13,000) TOTAL $215,284 NET SAVINGS/GAIN = $532,914

34 DRAFT TAX LEVY LIMIT $129,812,991 $133,488,443 $133,488,443 REVENUE (includes state aid, fund balance, reserves, other) 22,187,778 23,087,832 23,087,832 TAX LEVY 107,625, ,400, ,400,611 ASSESSED VALUATION 44,963,399 44,963,399 44,963,399 TAX LEVY INCREASE (%) 2.58% 2.58% -TO- INCREASE (%) TAX RATE ($ PER $100 ASSESSMENT) 2.83% 2.83% TAX RATE INCREASE (%) 2.58% 2.58% DRAFT DIFFERENCE ($) $0

35 CURRENT DRAFT INCREASE EST. TAX RATE INCREASE AS OF 4/8/2019 $133,488, % 2.58%

36 Assessed Valuation (speculative): Currently projected to remain flat at $44,963,399 $100,000 decrease would change tax rate increase from 2.58 to 2.81% (no impact on levy) $100,000 increase would change tax rate increase from 2.58 to 2.35% (no impact on levy)

37 Incorporates the same tax levy adopted for (0% levy increase, no exclusions) Required budget reduction: $2,775,398 Must include equipment removal -$516,397 Remaining budget reduction: $2,259,001

38 DRAFT TAX LEVY LIMIT $129,812,991 $133,488,443 $130,713,045 REVENUE (includes state aid, fund balance, reserves, other) 22,187,778 23,087,832 23,087,832 TAX LEVY 107,625, ,400, ,625,213 ASSESSED VALUATION 44,963,399 44,963,399 44,963,399 TAX LEVY INCREASE (%) 2.58% 0.00% -TO- INCREASE (%) TAX RATE ($ PER $100 ASSESSMENT) 2.83% 0.69% TAX RATE INCREASE (%) 2.58% 0.00% DRAFT DIFFERENCE ($) ($2,775,398)

39 PROPOSITION #1: Budget PROPOSITION #2: Capital Reserve Appropriation Voters must approve release of monies already situated in the district s capital reserve funds for completion of state-approved projects NO impact on tax levy or tax rate If not approved, monies remain in capital reserve fund and cannot be used for any other purpose

40 Monday, 4/15: Budget Adoption Monday, 5/13: Budget Hearing Tuesday, 5/21: Budget Vote/Election