NORTH SYRACUSE CENTRAL SCHOOL DISTRICT. Fund Balance & Budget Assumptions December 3, 2018
|
|
- Jean Carr
- 5 years ago
- Views:
Transcription
1 NORTH SYRACUSE CENTRAL SCHOOL DISTRICT Fund Balance & Budget Assumptions December 3,
2 AGENDA Fund Balance Reserves Economic Factors Revenue Assumptions Expenditure Assumptions Budget Timeline
3 UNASSIGNED FUND BALANCE (The District s Savings Account ) Unassigned Fund Balance at 6/30/18 (3.97% of Budget) $6,484,003 Estimated Favorable Variance in Revenues $2,235,295 (1) Estimated Variance in Expenditures $ 0 Estimated Unassigned Fund Balance 6/30/19 $8,719,298 Budget for : $163,200,980 Percentage of Budget: 5.34% (2) 1. NYS Refund of Final Cost Report Penalty 2. NYS recommends 4% maximum 3
4 RESERVES FORECAST June 30, 2019 June 30, 2018 June 30, 2019 Tax Certiorari $2,004,739 $2,009,739 Workers Compensation $2,111,669 $2,116,669 General Liability $1,002,301 $1,007,301 Debt Service $1,850,626 $1,550,626 Capital Reserve $2,503,085 $2,504,585 Total $9,472,420 $9,188,920 4
5 ECONOMIC FACTORS Consumer Price Index (% Change) Local Economy (Business Activity) Unemployment Population changes and impact on enrollment 5
6 CONSUMER PRICE INDEX (CPI) The growth in annual tax levy is limited to the lesser of 2 percent or the Consumer Price Index (CPI), subject to certain limited exceptions and adjustments. For the purposes of the cap, the applicable CPI is the Unadjusted - All Items Consumer Price Index for All Urban Consumers (CPI-U). The CPI-U is released on a monthly basis. School districts use the CPI-U through December which is released in the middle of January. 6
7 CPI U PERCENTAGE CHANGE Month 12 Month January February March April May June July August September October November December The change in CPI-U for 2017 used for budget was 2.13%
8 LOCAL ECONOMY/BUSINESS ACTIVITY The local economy impacts unemployment, enrollment and the growth or decline in our tax base. Consistent with the national and state economy, the CNY economy has improved dramatically over the past 5 years. We continue to see meaningful new housing development in the northern portion of our district. We have a significant amount of rental property including apartment complexes which encourage new entrants to the district. Tax Certiorari cases, whereby business owners request that their property assessments be reduced, are regularly presented to the towns. 8
9 UNEMPLOYMENT RATE Syracuse, NY Metropolitan Year Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Annual Ave % 6.20% 5.60% 4.90% 4.10% 4.40% 4.30% 4.10% 3.70% % 5.70% 4.90% 4.70% 4.60% 5.00% 5.00% 4.80% 4.80% 4.60% 5.00% 5.20% 4.60% % 5.50% 5.20% 4.70% 4.40% 4.70% 4.90% 4.70% 4.90% 4.60% 4.60% 5.00% 4.90% % 6.40% 5.90% 5.40% 5.50% 5.50% 5.40% 4.90% 5.00% 4.60% 4.80% 4.90% 5.40% % 7.20% 6.80% 5.80% 5.90% 6.00% 6.10% 5.80% 5.60% 5.30% 5.50% 5.50% 6.10% % 8.80% 8.00% 7.40% 7.20% 7.50% 7.40% 7.00% 7.00% 6.70% 6.50% 6.50% 7.40% % 9.60% 9.10% 8.30% 8.40% 8.70% 8.70% 8.20% 8.00% 7.70% 7.50% 8.10% 8.50% Unemployment rate at 18 year low 9
10 UNEMPLOYMENT
11 Although enrollment continues to decline, the percentage of students who are either economically disadvantaged or disabled continues to increase. 11
12 At some point enrollment should level off due to the size of the district and amount of real estate development. 12
13 REVENUE ASSUMPTIONS General State Aid: Despite the positive general economic conditions and pressure to address the Foundation Aid issue, we are concerned that the NYS budget deficit may result in lower aid to schools. The election is over. Real Property Taxes: The increase in the tax levy will be limited by the tax cap calculation. The largest component is inflation based on CPI as reported by the Bureau of Labor Statistics. Looks like CPI will be at or above 2% for Therefore, our tax increase will be based on 2%. Building Aid: Education law requires the Commissioner to revise the assumed amortization schedule for remaining debt service payments for outstanding principal and interest at the end of each 10-year segment of an assumed amortization for Building Aid if the current interest rate is at least one quarter percent (.25) lower than the original interest rate for the assumed amortization. Smart Schools Bond Act: Although this program continues to be funded, revenues will NOT impact the General Fund.
14 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. 14
15 Foundation Aid Campaign for Fiscal Equity Law Suit ($154 Million Short) Enacted State Budget/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) $45,948,242 $55,184,283 ($9,236,041) 15
16 Health Benefits: We are hopeful that the positive trend continues and that NSCSD will experience lower than average increases. Retirement Costs: TRS Our current rate is 10.62%. The actuary recommended a decrease from 10.62% to between 8.5% and 9.5%. ERS - The 2019 contribution rate for the Employee Retirement System (ERS) will be slightly less, going from 15.8% to 15.7% of salaries. The rate will be 15.7% for 2020 as well. Salaries & Wages: Many contracts will expire June 30, Contractual terms are not known at this time. Fuel Costs (Transportation): Over the past few years this has been a favorable (but volatile) market. However, we must consider net of aid savings only due to transportation aid (78%). Energy Costs (Gas & Electric): BOCES: EXPENDITURE ASSUMPTIONS Through BOCES, the district participates in an energy consortium (NYSMEC) that enters into a 3- year supply agreement. The current agreement covers through school years. Our budget will reflect contracted rates based on estimated usage. Continue to evaluate opportunities to control costs through BOCES services.
17 17
18 BUDGET PROCESS TIMELINE October 1 st BOE Approval of Budget Calendar November 12 th February 22 nd Principals, Directors & Cabinet and BOE subcommittee develop initial budget December 3 th - Board of Education Budget Assumptions December 17 th Board of Education Budget Process Overview & Status January 28 th Board of Education Governor s Budget proposal Preliminary Tax Cap Calculation Fund Balance & Reserve Projections March 18 th Board of Education Budget Update Final Tax Cap Approve Bus Bond Proposition Approve Notice of Budget Hearing/Election April 1 st Proposed Budget Presentation Budget Discussion & Deliberation BOE Adoption of Budget April 22 nd BOCES Election and Budget Vote May 7 th Budget Hearing February 25 th Board of Education Initial Budget May 21 st Budget Vote 18
NORTH SYRACUSE CENTRAL SCHOOL DISTRICT. Fund Balance & Budget Assumptions December 4, 2017
NORTH SYRACUSE CENTRAL SCHOOL DISTRICT Fund Balance & Budget Assumptions 2018-2019 December 4, 2017 1 AGENDA Fund Balance Reserves Economic Factors Revenue Assumptions Expenditure Assumptions Budget Timeline
More informationNORTH SYRACUSE CENTRAL SCHOOL DISTRICT
NORTH SYRACUSE CENTRAL SCHOOL DISTRICT Budget Update 2018-19 December 18, 2017 1 AGENDA Budget Development Considerations Revenues Expenditures Budget Process Timeline 2 State Aid 4/1 BOCES Services APPR
More informationNorth Syracuse Central School District. Budget Update April 4, 2016
North Syracuse Central School District Budget Update 2016-17 April 4, 2016 1 Agenda State Aid Tax Cap Budget Status & Implications Revenue & Expense Summary Budget Process Timeline 2 2016-17 State Aid
More informationNorth Syracuse Central School District
North Syracuse Central School District Budget Proposal 2019 20 April 1, 2019 1 Agenda Estimated Revenues Final State Aid Foundation Aid Status Tax Cap Calculation Proposed Expenses Vision 2020 Vehicle
More informationNorth Syracuse Central School District
North Syracuse Central School District Budget 2018-19 March 26, 2018 1 Agenda Estimated Revenues Foundation Aid Final Tax Cap Calculation Filed with NYS Comptroller Proposed Expenditures Program Initiatives
More informationNorth Syracuse Central School District. Initial Budget February 22, 2016
North Syracuse Central School District Initial Budget 2016-17 February 22, 2016 1 Agenda Governor s State Aid Proposal Estimated Tax Cap Preliminary Revenue & Expense Summary Fund Balance Reserves Budget
More informationNorth Syracuse Central School District. Proposed Budget April 2, 2018
North Syracuse Central School District Proposed Budget 2018-19 April 2, 2018 1 Agenda Projected Revenues Final NYS School Aid Foundation Aid Final Tax Cap Calculation Proposed Expenditures Program Initiatives
More informationBudget Status
Budget Status 2014-2015 March 17, 2014 Revenue By Source $145,297,379 Sales Tax $250,000 0% Other Revenue $2,349,554 2% PILOTS $545,505 0% Interest $60,000 0% Fund Balance $2,000,000 2% Rent $350,000 0%
More informationNorth Syracuse Central School District
North Syracuse Central School District Initial Budget 2018 19 A Closer Look March 5, 2018 1 Agenda Estimated Revenues Tax Cap Calculation Filed with NYS Comptroller Initial Expenses Program Initiatives
More informationBoard of Education Budget Adoption June 28, 2016
SAN DIEGO UNIFIED SCHOOL DISTRICT Board of Education 2016-17 Budget Adoption June 28, 2016 Presentation Agenda Opening Remarks Local Control Funding Formula (LCFF) Multi-Year Assumptions 2016-17 Budget
More informationBUDGET UPDATE
BUDGET UPDATE 2015-2016 Board of Education March 16, 2015 Agenda State Aid Scenarios Tax Cap Calculation Smart Schools Update Bus Proposition BOCES Budget Budget Process Timeline 2 State Aid Scenarios
More informationPage 10 of F/S. Page 12 of F/S. Rensselaer City School District, NY. Enrollment Trends
Rensselaer City School District, NY 1 City School District of the City of Rensselaer, New York, Refunding Certificates of Participation Evidencing Direct and Proportionate Undivided Interests in Lease
More informationCash & Liquidity The chart below highlights CTA s cash position at March 2017 compared to March 2016.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for March 2017 Date: May 10, 2017 I. Summary CTA s financial results are $0.6 million favorable to budget
More informationCash & Liquidity The chart below highlights CTA s cash position at December 2017 compared to December 2016.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for December 2017 Date: February 14, 2018 I. Summary CTA s financial results are $4.7 million favorable
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationCash & Liquidity The chart below highlights CTA s cash position at September 2017 compared to September 2016.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for September 2017 Date: November 15, 2017 I. Summary CTA s financial results are $7.7 million favorable
More informationBUDGET WORKSHOP #1 First Draft of the Budget. Revenue Assumptions Central Services Debt Services Transportation Employee Benefits
BUDGET WORKSHOP #1 First Draft of the 2018-2019 Budget Revenue Assumptions Central Services Debt Services Transportation Employee Benefits FEBRUARY 27, 2018, 7:00 P.M. OVERVIEW Introduction Reviewing the
More informationGeneral Fund Revenue
Millions Percent of Kathy Steinert, Director of Fiscal Services Phone: 541.923.8927 145 SE Salmon Ave Redmond, OR 97756 kathy.steinert@redmond.k12.or.us Date: May 23, 2014 To: Redmond School District Board
More informationBUDGETWATCH January 2018 Special 2017 Year-End Flash Report
January 2018 Special 2017 Year-End Flash Report Overall The January Budgetwatch is a flash look focusing on some very preliminary 2017 actual revenue results, along with debt service, compared with the
More informationCONTENTS COMMENTARY CHARTS TABLES GLOSSARY. Section 1: Headline Inflation Section 2: Core Inflation
COMMENTARY CONTENTS Section 1: Headline Inflation Section 2: Core Inflation CHARTS 1. National Rates of Inflation, January 2010 April 2013 2. Monthly Changes in the Cost-of-Living Index, January 2010 April
More informationNew York State s Property Tax Cap
New York State s Property Tax Cap Chapter 97 of the Laws of 2011 Presentation to the Board of Education January 9, 2012 Overview Signed into law on June 24, 2011. The law covers cities (except NYC), counties
More informationFOR RELEASE: MONDAY, MARCH 21 AT 4 PM
Interviews with 1,012 adult Americans conducted by telephone by Opinion Research Corporation on March 18-20, 2011. The margin of sampling error for results based on the total sample is plus or minus 3
More informationDistrict Budget Proposal Overview & Assumptions April 12, 2017
2017 18 District Budget Proposal Overview & Assumptions April 12, 2017 2017 2018 Capital Outlay Project No Changes Work to be scheduled at TAE High School Scope of work to include Boiler room equipment
More informationBudget Meeting #2 Budget Overview Presentation 2 for School Year
Budget Meeting #2 Budget Overview Presentation 2 for 2015-2016 School Year Presented at Washingtonville High School on March 16, 2015 Budget Schedule March 4: March 16: April 13: April 23: Little Britain
More informationDecember 10, Butler School District 53 1
December 10, 2018 Butler School District 53 1 Key Terms Aggregate Levy annual corporate levy other than debt service Debt Service Levy made to retire the principal or pay interest on bonds Property Tax
More information2009 Reassessment As Impacted by Senate Bill 711
Saint Louis County 2009 Reassessment As Impacted by Senate Bill 711 Impacts of SB711 on the 2009 Reassessment Plan The County must notify property owners of changes in the projected tax liability resulting
More informationWESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, Over(Under) Budget WECC Fund Actual Budget
WESTWOOD LUTHERAN CHURCH Summary Financial Statement YEAR TO DATE - February 28, 2018 General Fund Actual A B C D E F WECC Fund Actual Revenue Revenue - Faith Giving 1 $ 213 $ 234 $ (22) - Tuition $ 226
More informationCommon stock prices 1. New York Stock Exchange indexes (Dec. 31,1965=50)2. Transportation. Utility 3. Finance
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 000 97 98 99 I90 9 9 9 9 9 9 97 98 99 970 97 97 ""..".'..'.."... 97 97 97 97 977 978 979 980 98 98 98 98 98 98 987 988
More informationBudget Adoption April 19, 2016 Board of Education Meeting
2016-2017 April 19, 2016 Board of Education Meeting At a glance.. Total: $48,365,409 Budget Increase (over current year): $362,985 or.76% Tax Levy Increase (over current year): $555,480 or 2.21% 2016-17
More informationThe year to date is less than budget and prior year by 15.4 million and 11.6 million, respectively.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for September 2016 Date: November 16, 2016 I. Summary CTA s financial results are $0.3 million unfavorable
More informationHIGHLANDS RANCH METROPOLITAN DISTRICT SPECIAL BOARD MEETING FIRE AND EMERGENCY WORKSHOP ADDENDA
HIGHLANDS RANCH METROPOLITAN DISTRICT SPECIAL BOARD MEETING FIRE AND EMERGENCY WORKSHOP ADDENDA September 11, 2017 Addendum documents can also be viewed at http://highlandsranch.org or http://intranet.highlandsranch.org/default.aspx
More informationOVERVIEW OF FINANCIAL STATUS
OVERVIEW OF FINANCIAL STATUS Harpursville CSD February 22, 2016 Kathy Blackman, C.P.A. Controller, Central Business Office Tonight s Topics Original Budget Projected Revenue Variance $17,495,330 $18,265,758
More informationHIPIOWA - IOWA COMPREHENSIVE HEALTH ASSOCIATION Unaudited Balance Sheet As of July 31
Unaudited Balance Sheet As of July 31 Total Enrollment: 407 Assets: Cash $ 9,541,661 $ 1,237,950 Invested Cash 781,689 8,630,624 Premiums Receivable 16,445 299,134 Prepaid 32,930 34,403 Assessments Receivable
More informationHIPIOWA - IOWA COMPREHENSIVE HEALTH ASSOCIATION Unaudited Balance Sheet As of January 31
Unaudited Balance Sheet As of January 31 Total Enrollment: 371 Assets: Cash $ 1,408,868 $ 1,375,117 Invested Cash 4,664,286 4,136,167 Premiums Receivable 94,152 91,261 Prepaid 32,270 33,421 Assessments
More informationElmira Heights Central School District Budget Presentation January 27, 2014
Elmira Heights Central School District 2014-2015 Budget Presentation January 27, 2014 1 State of the Elmira Heights Central School District 2 State of the Elmira Heights Central School District 3 4 Executive
More informationCash & Liquidity The chart below highlights CTA s cash position at January 2018 compared to January 2017.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for January 2018 Date: March 14, 2018 I. Summary CTA s financial results are $1.7 million unfavorable
More informationHuntington Union Free School District Board of Education Meeting Monday, February 6, 2017
Board of Education Meeting Monday, February 6, 2017 Tax Levy (taxpayer monies collected) = Projected spending minus state aid minus appropriated fund balance minus other revenues Tax Rate = individual
More informationDistrict Budget Proposal OVERVIEW & ASSUMPTIONS FEBRUARY 22, 2018
2018-19 District Budget Proposal OVERVIEW & ASSUMPTIONS FEBRUARY 22, 2018 BUDGET Assumptions Expenditures must EQUAL Revenues Expenditures Salaries/Contractual Projections Health Insurance Projections
More informationEconomic and Revenue Update
Economic and Revenue Update A Briefing for the Money Committees Aubrey L. Layne, Jr. Secretary of Finance Commonwealth of Virginia www.finance.virginia.gov January 2018 Topics for Discussion National and
More informationCash & Liquidity The chart below highlights CTA s cash position at February 2017 compared to February 2016.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for February 2017 Date: April 5, 2017 I. Summary CTA s financial results are $0.3 million favorable
More informationBudget Consideration/Pressures
Budget Consideration/Pressures Board of Education Work Session Meeting March 16, 2017 I. Millage(s) II. Labor Contracts III. Budget Framework 1 Non-Homestead Millage Date of Election 2016 Millage Rate
More informationDecember 2016 Coffee Talk: General Aid Output Report and State Aid Reconciliation. State Aid and Financial Planning Service
December 2016 Coffee Talk: General Aid Output Report and State Aid Reconciliation State Aid and Financial Planning Service SED State Aid Unit Website https://stateaid.nysed.gov/ 3 District Page For Accessing
More informationReview of Registered Charites Compliance Rates with Annual Reporting Requirements 2016
Review of Registered Charites Compliance Rates with Annual Reporting Requirements 2016 October 2017 The Charities Regulator, in accordance with the provisions of section 14 of the Charities Act 2009, carried
More information85 th Legislature: Impact on Funding and UTP
85 th Legislature: Impact on Funding and UTP Brian Ragland, Chief Financial Officer Peter Smith, Director, Transportation Planning and Programming Division TxDOT Budget FY -2019 Use of Funds 2 Proposition
More informationFinancial Report - FY 2017 Year to Date May 31, 2017
Financial Report - FY 2017 Year to Date July 19, 2017 1 Major Highlights Revenue Sales tax remittances received through YTD April 2017 are 4.2% higher than YTD April 2016 Plaza Saltillo lease income budgeted
More informationCroton-Harmon Union Free School District. Preliminary Discussion For Developing the Budget
1 Croton-Harmon Union Free School District Preliminary Discussion For Developing the 2018-2019 Budget Budget History: 2008/09 Budget = $41,848,800 (+5.45%) 2009/10 Budget = $42,888,020 (+2.48%) 2010/11
More informationSAN DIEGO UNIFIED SCHOOL DISTRICT
SAN DIEGO UNIFIED SCHOOL DISTRICT 2015-16 THIRD INTERIM FINANCIAL REPORT UPDATE B O A R D O F E D U C A T I O N M A Y 1 0, 2 0 1 6 THIRD INTERIM AGENDA Requirements of the CA Education Code Changes to
More information1 MCSD Budget Presentation Meeting
1 MCSD 2015-2016 Budget Presentation Meeting Thursday, February 12, 2015 @ 7:30 p.m. www.monticelloschools.net 2 Budget Presentation Meeting Agenda: Welcome! Pledge to the Flag Introductions Review our
More informationACTUAL ACTUAL ACTUAL ACTUAL ACTUAL
Budget Challenges Revenue: NRG The District anticipates additional revenue loss regarding the restructured PILOT agreement as follows: Fiscal 2018 Pilot revenue of $200,000 or less is anticipated, down
More informationBUDGETWATCH May 2017 Flash Report
May 2017 Flash Report Summary of April Budgetwatch (reporting on operations through March and subsidies through April): Overall, results were favorable for the month, and remained favorable YTD. Passenger
More informationWashington State Health Insurance Pool Treasurer s Report February 2018 Financial Review
Washington State Health Insurance Pool Treasurer s Report February 2018 Financial Review 1. 2017 Interim III Assessment Required An assessment of $8.5 M was required to adequately fund the pool until the
More informationPublic Budget Presentation
Minisink Valley Central School District Public Budget Presentation 2017-2018 Proposed Budget May 4, 2017 BUILDING THE 2017-2018 BUDGET OBJECTIVE: Develop a budget that provides a quality education for
More informationBUDGETWATCH September 2018 Flash Report
September 2018 Flash Report (Forecast figures in this report refer to the 2018 Forecast) Overall Latest Condition (reporting on operations through August and subsidies through September): For reporting
More informationBUDGETWATCH February 2016 Flash Report
February 2016 Flash Report Overall Latest Condition (reporting on operations for January and subsidies through February): Overall, preliminary results were on target for the month and slightly favorable
More informationAll Leadership Meeting. February 7, 2017
All Leadership Meeting February 7, 2017 Crafting A Vision https://drive.google.com/file/d/0b15-auassr1x0d0ztzymevhtza/view?usp=sharing Agenda Benefits Changes Budget Update and Insight Gathering Celebrations
More informationDurham Orange Joint Staff Working Group Meeting Agenda October 10, :30 pm 4:00 pm Durham City Hall, Transportation 4B
Durham Orange Joint Staff Working Group Meeting Agenda October 10, 2018 2:30 pm 4:00 pm Durham City Hall, Transportation 4B 1. Call to Order/Roll Call 2. Election Chair Position 3. Open Issues a. FY2019
More informationWashington State Health Insurance Pool Treasurer s Report January 2018 Financial Review
Washington State Health Insurance Pool Treasurer s Report January 2018 Financial Review 1. 2017 Interim III Assessment Required An assessment of $8.5 M was required to adequately fund the pool until the
More informationWashington State Health Insurance Pool Treasurer s Report September 2018 Financial Review
Washington State Health Insurance Pool Treasurer s Report September 2018 Financial Review 1. 2018 Interim III Assessment Required An assessment of $8.5 M was required to adequately fund the pool until
More informationWashington State Health Insurance Pool Treasurer s Report March 2018 Financial Review
Washington State Health Insurance Pool Treasurer s Report March 2018 Financial Review 1. 2017 Interim III Assessment Required An assessment of $8.5 M was required to adequately fund the pool until the
More informationWashington State Health Insurance Pool Treasurer s Report April 2018 Financial Review
Washington State Health Insurance Pool Treasurer s Report April 2018 Financial Review 1. 2018 Interim I Assessment Required An assessment of $7.0 M is required to adequately fund the pool until the next
More informationBUDGETWATCH March 2016 Flash Report
March 2016 Flash Report Summary of February Budgetwatch (reporting on operations through January and subsidies through February): Overall results through February were slightly favorable. Net operating
More informationOperating Budget Stability
Operating Budget Stability March Financial Update Report to Agenda Executive Summary March Performance Against FY16 Budget March Performance Against Same Period Last Year Appendix Financial Detail: March
More informationUnderstanding State Aid Projections and Calculating the Property Tax Cap. January 2019 Coffee Talk State Aid and Financial Planning Service
Understanding State Aid Projections and Calculating the Property Tax Cap January 2019 Coffee Talk State Aid and Financial Planning Service Agenda 2 State Aid Projections 18-19 State Aid 19-20 Projected
More informationTrends in Fund Balance, Special Education Costs, Staffing & Class Sizes
Trends in Fund Balance, Costs, Staffing & Class Sizes Board of Education Meeting December 7, 2016 Paul Blowers, School Business Manager 1 Fiscal 20082009 Beginning Fund Balance $4,311,098 *** $2,523,590
More informationWashington State Health Insurance Pool Treasurer s Report January 2017 Financial Review
Washington State Health Insurance Pool Treasurer s Report January 2017 Financial Review 1. 2016 Interim III Assessment Required An assessment of $8.5 M is required to adequately fund the pool until the
More information2/9/2018. Unemployment Southeastern State Comparison December 2017 Alabama 3.5% Southeast Avg 4.1%
Alabama's Total Employment (In Thousands) 2,050 2,029 2,000 1,980 2,006 1,992 1,976 1,950 1,945 1,923 1,949 1,900 1,876 1,902 1,887 1,871 1,870 1,885 1,903 1,850 1,800 1,750 * *FY17 is Preliminary Data
More informationBig Walnut Local School District
Big Walnut Local School District Monthly Financial Report for the month ended September 30, 2013 Prepared By: Felicia Drummey Treasurer BIG WALNUT LOCAL SCHOOL DISTRICT SUMMARY OF YEAR TO DATE FINANCIAL
More informationCash & Liquidity The chart below highlights CTA s cash position at July 2016 compared to July 2015.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for July 2016 Date: September 14, 2016 I. Summary CTA s financial results are $0.4 million favorable
More informationSpheria Australian Smaller Companies Fund
29-Jun-18 $ 2.7686 $ 2.7603 $ 2.7520 28-Jun-18 $ 2.7764 $ 2.7681 $ 2.7598 27-Jun-18 $ 2.7804 $ 2.7721 $ 2.7638 26-Jun-18 $ 2.7857 $ 2.7774 $ 2.7690 25-Jun-18 $ 2.7931 $ 2.7848 $ 2.7764 22-Jun-18 $ 2.7771
More informationLEGISLATIVE AND FINANCIAL CHALLENGES
LEGISLATIVE AND FINANCIAL CHALLENGES February 10 th, 2012 Presented by: Mr. John Lorentz 2012-2013 Property Tax Cap Chapter 97 to the Laws of 2011 2 Begins with the 2012/13 school year budget In effect
More informationWashington State Health Insurance Pool Treasurer s Report August 2017 Financial Review
Washington State Health Insurance Pool Treasurer s Report August 2017 Financial Review 1. 2017 Interim I Assessment Required An assessment of $9.5 M was required to adequately fund the pool until the next
More informationPRELIMINARY BUDGET PRESENTATION
2007-08 PRELIMINARY BUDGET PRESENTATION INDEPENDENT SCHOOL DISTRICT NO. 719 June 18, 2007 10/2/2013 1 Topics Of Discussion Budget Calendar & Process 2007 Legislative Session Review Reserved Fund Balances
More informationCommunity Budget Forum
WHITE PLAINS SCHOOL DISTRICT Community Budget Forum January 23, 2014 Agenda for Budget Forum Introduction & Overview Preliminary Highlights of Key Issues Property Tax Cap Overview of Financial Issues Community
More informationBudget Update and Planning March 5, 2018 Board of Education Meeting
2018-2019 and Planning March 5, 2018 Board of Education Meeting General Support, Operations and Maintenance, Transportation, BOCES and Employee Benefits Use of Debt Service Account OPTION 1 Actual 2017-18
More informationWashington State Health Insurance Pool Treasurer s Report December 2017 Financial Review
Washington State Health Insurance Pool Treasurer s Report December 2017 Financial Review 1. 2017 Interim III Assessment Required An assessment of $8.5 M is required to adequately fund the pool until the
More informationCity of Joliet 2014 Revenue Review. October 2013
City of Joliet 2014 Revenue Review October 2013 General Fund 2014 Est. Revenues = $163.6 M Licenses, Permits, Fees Gaming Taxes 5% 12% Sales Taxes 27% Income Taxes 9% Charges for Services 14% Other Taxes
More informationHuntington Union Free School District Board of Education Meeting Monday, February 4, 2019
Huntington Union Free School District Board of Education Meeting Monday, February 4, 2019 Tax Levy (total taxpayer monies collected) = Projected spending minus state aid minus appropriated fund balance
More informationThe national monthly CPI (2008=100) increased from per cent in September, 2017 to per cent
CONSUMER PRICE INDEX (CPI) October, 2017: PRESS RELEASE Released on Monday November 21, 2017 at 1:00 pm OCTOBER 2017 MONTHLY INFLATION RATE INCREASES SLIGHTLY The national monthly CPI (2008=100) increased
More informationSupplier Charges in the Capacity Market
Public Supplier Charges in the Capacity Market Webinar 7 September 2016 Jo Alexander Disclaimer: Please note that whilst these slides have been prepared with due care, EMR Settlement Limited does not make
More informationCash & Liquidity The chart below highlights CTA s cash position at March 2018 compared to March 2017.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for March 2018 Date: May 9, 2018 I. Summary CTA s financial results are $0.9 million favorable to budget
More informationCash & Liquidity The chart below highlights CTA s cash position at June 2018 compared to June 2017.
To: Chicago Transit Authority Board From: Jeremy Fine, Chief Financial Officer Re: Financial Results for June 2018 Date: August 15, 2018 I. Summary CTA s financial results are unfavorable to budget for
More informationBUDGETWATCH January 2015 Special 2014 Year-End Flash
BUDGETWATCH January 2015 Special 2014 Year-End Flash Overall: January Budgetwatch is a flash look focusing on some very preliminary 2014 actual revenue results compared with the Final Estimate that was
More informationBUDGETWATCH March 2019 Flash Report
March 2019 Flash Report Overall Latest Condition (reporting on operations through February and subsidies through March): Overall, YTD preliminary net results were favorable mainly reflecting lower operating
More informationOhlone Community College District
Ohlone Community College District General Obligation Bond Refinancing Overview June 8, 2016 Outstanding General Obligation Bonds Issue Date Issue Amount Description Call Date Maturity Outstanding 6/19/2002
More informationState of Palestine Ministry of Finance. Fiscal Developments & Macroeconomic Performance: Fourth Quarter and Full year 2013 Report
State of Palestine Ministry of Finance Fiscal Developments & Macroeconomic Performance: Fourth Quarter and Full year 2013 Report Macro Macro Fiscal Fiscal Unit Unit Oct February,, 2013 2014 Section 1:
More informationHOOSICK FALLS CENTRAL SCHOOL DISTRICT PROPOSED BUDGET
HOOSICK FALLS CENTRAL SCHOOL DISTRICT 2019-2020 PROPOSED BUDGET March 21, 2019 TABLE OF CONTENTS 2019-2020 BUDGET OVERVIEW B. DETAILS CHART C. EXPLANATION OF CHANGES D. STAFFING & PROGRAM CHANGES E. END-OF
More informationProposed Budget (Revised Draft as of) April 12, Balancing Economic Realities with Maintaining Quality and Excellence
2012 2013 Proposed Budget (Revised Draft as of) April 12, 2012 Balancing Economic Realities with Maintaining Quality and Excellence www.greenville.k12.ny.us Board of Education Meeting Schedule for Budget
More informationElmira Heights Central School District Budget Presentation January 22, 2015
Elmira Heights Central School District 2015-2016 Budget Presentation January 22, 2015 1 State of the Elmira Heights Central School District What are the outside factors influencing the District s current
More informationPre-Existing Condition Insurance Plan Washington State (PCIP-WA) June 2011 Financial Review
Pre-Existing Condition Insurance Plan Washington State (PCIP-WA) June 2011 Financial Review 1. Financial Statements June 2011 UBalance Sheet Due to the timing of the HHS reimbursement receipts, there is
More informationPay or Play Penalties Look-back Measurement Method Examples
Brought to you by Sullivan Benefits Pay or Play Penalties Look-back Measurement Method Examples The Affordable Care Act (ACA) imposes a penalty on applicable large employers (ALEs) that do not offer health
More information$180 $160 $140 $120 $100 $80 $60 $40 $20 $ Single Fam -New Apts -New
2012 REVENUE FORECAST Presented by Brian Henshaw September 26, 2011 1 Economic Conditions Housing starts Federal & State deficits Sovereign-debt crisis Bankruptcies Unemployment Stock Market volatility
More informationPre-Existing Condition Insurance Plan Washington State (PCIP-WA) January 2011 Financial Review
Pre-Existing Condition Insurance Plan Washington State (PCIP-WA) January 2011 Financial Review 1. Financial Statements January 2011 UBalance Sheet Cash on Hand at the end of January 2011 is $30 K, which
More informationBUDGETWATCH September 2014 Flash Report
BUDGETWATCH September 2014 Flash Report (Forecast figures in this report, except the Summary of June Budgetwatch, refer to the 2014 Forecast) Summary of June Budgetwatch (reporting on operations through
More informationBudget Planning February 22, 2016 Board of Education Meeting
2016-2017 Budget Planning February 22, 2016 Board of Education Meeting Working Budget Topics: Tax Levy Limit Calculation, Debt Service & Bus Proposition Tax Levy Limit This is the 5 th year of the tax
More informationPre-Existing Condition Insurance Plan Washington State (PCIP-WA) November 2014 Financial Review
Pre-Existing Condition Insurance Plan Washington State (PCIP-WA) November 2014 Financial Review 1. Financial Statements November 2014 U Sheet Due to the timing of the HHS reimbursement receipts, there
More information11 May Report.xls Office of Budget & Fiscal Planning
Education and General Fund Actual Revenues and s by Month MTD YTD Change Revenue Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Per 14 Total over FY06 Enrollment Fees $ 8,211 $ 219 $ 41,952 ($ 818) $
More informationeircom Main Superannuation Fund Case Study (Part 2) Fund De Risking Jim Foley, Group Pensions Director, eircom Ltd
eircom Main Superannuation Fund Case Study (Part 2) Fund De Risking Jim Foley, Group Pensions Director, eircom Ltd 2010 Case Study Deficit Remediation through Industrial Relations Agreement Industrial
More informationBUDGETWATCH April 2019 Flash Report
April 2019 Flash Report Overall Latest Condition (reporting on operations through March and subsidies through April): Due to the early scheduling of the Finance Committee meeting, first-close preliminary
More informationBudget Meeting #1. Budget Overview Presentation School Year
Budget Meeting #1 Budget Overview Presentation 1 2018-2019 School Year Presented at the Washingtonville High School on March 5, 2018 BUDGET SCHEDULE March 5: March 19: April 9: April 19: High School Budget
More informationThe Property Tax Cap. Jericho Schools. Assistant Superintendent Business Affairs. Victor Manuel. October 13, 2011
The Property Tax Cap Jericho Schools Victor Manuel Assistant Superintendent Business Affairs October 13, 2011 The Tax Cap Chapter 97 of the Laws of 2011 Enacted June 24, 2011 Establishes a Tax Levy Limit
More information