Budget Meeting #1. Budget Overview Presentation School Year

Transcription

1 Budget Meeting #1 Budget Overview Presentation School Year Presented at the Washingtonville High School on March 5, 2018

2 BUDGET SCHEDULE March 5: March 19: April 9: April 19: High School Budget Overview Presentation 1 High School Budget Overview Presentation 2 High School Budget Meeting Presentation 3 BOE Adopts Budget Other Key Dates: May 7: Public Hearing on Proposed Budget May 10: Last Date for Voter Registration May 15: Budget Vote for and Board of Education Elections

3 BOARD OF EDUCATION GOAL #2 To present and promote a budget that maximizes opportunities for students while controlling costs for district tax payers, mindful of the state tax cap levy and the impact of all state mandates. We must also continue to work with our partners in advocacy OCSBA and NYSSBA, and also individually with our local politicians for equitable, adequate, sustainable and predictable foundation aid.

4 EDUCATIONAL PRIORITIES/VISION Maintain student opportunities Continue to provide greatest educational opportunities possible while remaining within the Tax Levy Limit as set forth by law Implement recommendation of the Math Committee to use Zearn for the Elementary Schools Add Security Staff to the Elementary Schools

5 UNKNOWNS REMAINING Approved NYS Budget and Final State Aid figures (due April 1 st or later ) Final Kindergarten enrollment numbers Final IEP services & support services required (upon completion of Annual Reviews) Course passing/repeaters (end of June) Regents exam results impacts course enrollment (end of June)

6 PARAMETERS AND VARIABLES NYS Teacher Retirement System The estimated employer contribution is 10.63% (9.8% in 17-18) NYS Employees Retirement System The estimated employer contribution rate is 15.2% (16.1% in 17-18) Debt Service Increase for the 2015 Capital Project Health Insurance Premium Rates premium increase is 7% (18% in 17-18)

7 CURRENT STATUS OF BUDGET Expense Side of Budget Enrollment Projection Analysis Completed. Student Programming- goal for is to maintain current student programs. Staffing Projections Analysis Completed to meet above goal. Supply requests by building/dept calculated. BOCES projections/needs calculated. Transportation budget on projected enrollment, waiting on non-public requests. TRS & ERS Expense projections completed. Health Care Expense projections completed. Debt Service calculations ongoing. Contractual Expenses (legal, fuel, energy, etc.) projections completed. Revenue Side of Budget Tax Cap Calculation in progress. State Aid Figures(School Aid Runs), projections based on Governor's Budget.

8 PROPOSED BUDGET SALARIES Object of Expense $ % Salaries $46,783,841 $45,841,990 $941, % Consists of all contractual employee salaries, stipends, substitutes and overtime hours. *WAA contract settled until June 30, 2020 *WTA contract settled until June 30, 2020 *CSEA contract expires June 30, 2018 *Food Service is paid out of Cafeteria Fund

9 PROPOSED BUDGET BENEFITS Object of Expense Benefits (TRS, ERS, Health & FICA/FICA Med) $ % $26,415,326 $25,067,485 $1,347, % TRS and ERS reflect the District s employer contribution to the respective Retirements Systems. The rates are set annually by the respective pension organizations. - TRS 10.63% - ERS 15.2% - SS 7.65% Health Care the District is part of the Orange-Ulster School District Health Plan. The OUHP is a self funded municipal health insurance comprised of 18 School Districts and 1 BOCES. The rate increase for is 7%. The cost of healthcare continues to increase at a pace above overall inflation levels that determine our tax levy cap.

10 PROPOSED BUDGET CONTRACTUAL Object of Expense $ % Contractual $7,083,057 $5,713,180 $1,369, % * Security at the Elementary Schools - $141,480 * Zearn Math - $66,116 * Contractual Transportation - $450,000 * Tuition - $800,820

11 Object of Expense PROPOSED BUDGET DEBT SERVICE Debt Service Library Debt Included $6,564,955 (769,750) $3,524,882 (690,000) $ % $3,040, % *The increase in Debt Service includes a Bond Anticipation Note (BAN) payment of $2,640,669. The Debt Service Fund will use $1,000,000 to off-set this payment in the budget.

12 PROPOSED BUDGET BY OBJECT Object of Expense $ % Salaries $46,783,841 $45,841,990 $941, % Benefits (TRS, ERS, Health & FICA/FICA Med) $26,415,326 $25,067,485 $1,347, % Equipment $251,554 $277,085 -$25, % Contractual $7,083,057 $5,713,180 $1,369, % Supplies $1,602,538 $1,653,656 -$51, % BOCES ** $10,252,920 $9,938,640 $314, % Debt Service Library Debt Included Inter-Fund Transfer ** Estimated first draft. $6,564,955 (769,750) $3,524,882 (690,000) $3,040, % $275,000 $275,000 $0 0.00% Total $99,229,191 $92,291,918 $6,937, %

13 EXPENDITURES BY OBJECT

14 PROPOSED TRANSPORTATION PROPOSITION CURRENT FLEET 77 Vehicles DOT Inspected (20 fewer than in 2002) Large Buses (37 Propane) 31 65/66 passenger 26 71/72 passenger Vans (10 propane) 3-28 passenger 2-22 passenger passenger Suburban 6 passenger vehicle Wheelchair Units multiple seating, up to 30 students

15 2018 TRANSPORTATION BOND PROPOSAL 8 72 Passenger Propane Buses Proposal bond: $ 989,827 Notes: The 8 new 72 passenger buses will replace 8 old buses due to Department of Transportation (DOT) rules. Adhering to 10 year replacement schedule as economically as possible. All large buses coming out of service have over 105,000 miles. Currently there are 13 buses that are over 10 years old.

16 Major Expenses $120,000,000 $100,000,000 $92,291,918 $99,229,191 $103,465,317 $105,548,945 $108,334,092 $110,982,457 $80,000,000 $60,000,000 $40,000,000 $38,733,812 $39,543,379 $40,626,060 $41,462,431 $42,317,620 $43,192,051 $20,000,000 $0 $15,462,966 $16,643,383 $17,804,012 $19,045,885 $20,374,690 $21,796,510 $11,143,807 $12,507,668 $12,632,745 $12,759,072 $12,886,663 $13,015,529 Budget General Support Other Instructional Salaries Instructional Other Retirement Health Insurance Capital Principal Payments Total Expenses

17 SUPERINTENDENT S INITIAL DRAFT OF SPENDING PLAN $99,229,191 This includes current programs and the first payment for the transportation bond. There is a gap of over $1M with the State Aid Proposal. Additional Propositions: 1. Transportation Bond ** Includes bond payment for the library of $769,750.

18 BUDGET VOTE May 15: Budget Vote for At The High School Please visit our website for additional information

19 OTHER BUDGET TIMELINES March 19: Budget Presentation #2 April 9: BOE Meeting Budget Presentation #3 April 16: Petitions due for BOE Elections (5pm) April 19: BOE Adopts Budget April 23: Tax Report Card Due to SED May 7: Public Hearing May 10: Last Day for Voter Registration May 15: Budget Vote for Please visit our website for additional information