NORTH SYRACUSE CENTRAL SCHOOL DISTRICT

Transcription

1 NORTH SYRACUSE CENTRAL SCHOOL DISTRICT Budget Update December 18,

2 AGENDA Budget Development Considerations Revenues Expenditures Budget Process Timeline 2

3 State Aid 4/1 BOCES Services APPR Energy Governor s Proposal 1/16 Building Aid 4/1 Grants Tax Cap 3/1 PILOTs 3/1 Pension Costs ERS/TRS Putting the Pieces Together to allow for BOE Adoption on 4/2/18 Debt Service Prof. Cert. Labor Contract Negotiations BOCES Aid Fund Balance Enrollment 8/31 Foundation Aid 4/1 Inflation rate CPI-U 1/17 Health Benefits New Instructional Programs SSSP $ Technology Mandates?/? 3

4 BUDGET DEVELOPMENT CONSIDERATIONS State Aid THAT IMPACT REVENUES Governor s Budget Proposal Foundation Aid Issue Local School Tax Levy & Tax Cap Inflation data, PILOT Revenue, Debt Service and Building Aid Changes in BOCES Funding Assumptions regarding the Impact of Federal Grants on the General Fund Fund Balance Status and Appropriation 4

5 FOUNDATION AID Funding Shortfall The Laws of 2007 reformed the State s method of allocating resources to school districts by consolidating some thirty existing aid programs into a Foundation Aid formula. This formula distributes funds to school districts based on the cost of providing a sound basic education and adjusted to reflect regional costs. The Enacted Budget also included a four-year phase in of Foundation Aid. The Enacted Budget extended the phase in to and froze and payable Foundation Aid to Foundation Aid. The Enacted Budget extended the phase in to The promised phase in has not happened. 5

6 FOUNDATION AID Campaign for Fiscal Equity Law Suit ($145 Million Short) School Year Current Year Aid Full Phase-in Level Shortfall $38,127,395 $51,905,964 ($13,778,569) $42,285,090 $54,710,908 ($12,425,818) $42,317,268 $59,749,290 ($17,432,022) $42,317,268 $59,606,170 ($17,288,902) $42,317,268 $56,889,215 ($14,571,947) $42,579,693 $57,754,076 ($15,174,383) $42,699,660 $59,296,055 ($16,596,395) $43,178,688 $53,814,000 ($10,635,312) $43,324,523 $52,716,600 ($9,392,077) $43,747,558 $53,135,617 ($9,388,059) $44,998,315 $53,278,729 ($8,280,414) 6

7 BUDGET DEVELOPMENT CONSIDERATIONS THAT IMPACT EXPENDITURES Programmatic Changes Required to Achieve District Mission Re- evaluation of Co-Curricular Activity cuts from prior years Government Mandates & Compliance Issues Student Testing Minimum Wage Increase Enrollment Changes District Wide and Shifts within the District Contractual Obligations Labor Contracts Retirement & Benefit Costs Changes in BOCES Offerings 7

8 Health Benefits: We are hopeful that the positive trend continues and that NSCSD will experience lower than average increases. Retirement Costs: TRS Actuary recommended increase from 9.8% to between 10.5% and 11.0%. ERS - The 2019 contribution rate for the Employee Retirement System (ERS) will be slightly less, going from 15.8% to 15.7% of salaries. Salaries & Wages: Settled contracts will increase by 3% for Fuel Costs (Transportation): This is a volatile market. However, we must consider net of aid savings only. Energy Costs (Gas & Electric): BOCES: EXPENDITURE ASSUMPTIONS Through BOCES, the district participates in an energy consortium that enters into a 3-year supply agreement. The new agreement will be bid next spring and commence in the school year. Once we have the information, the budget will be adjusted accordingly. Continue to evaluate opportunities to control costs through BOCES services.

9 BUDGET PROCESS TIMELINE October 2 nd BOE Approval of Budget Calendar November 14 th February 23 rd Principals, Directors & Cabinet and BOE subcommittee develop initial budget December 4 th - Board of Education Budget Assumptions December 18 th Board of Education Budget Process Overview & Status January 22 nd Board of Education Governor s Budget proposal Preliminary Tax Cap Calculation Fund Balance & Reserve Projections March 19 th Board of Education Budget Update Final Tax Cap Approve Bus Bond Proposition Approve Notice of Budget Hearing/Election April 2 nd Proposed Budget Presentation Budget Discussion & Deliberation BOE Adoption of Budget April 16 th BOCES Election and Budget Vote May 1 st Budget Hearing February 26 th Board of Education Initial Budget May 15 th Budget Vote 9