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2020 - 2021Draft 3 - Budget
April 23, 2020
Schodack CSD Leadership Team 1
Review of Budget Priorities and Changes
➔ What has changed from the last draft of the budget?
◆ Enacted State Budget
● Reduction of $40,344 from January Aid Runs○ $25,000 -Community Schools Funding○ $15,344 - Foundation Aid
● Pandemic Adjustment reduced from Foundation Aid added back through Federal Stimulus Package (Federal CARES Act Restoration) ○ $43,321
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Review of Budget Priorities and Changes: 2020-2021 ● Governor to make periodic adjustments (reduction in aid)
○ How: In the event that actual state revenues come in below 99% percent of estimates or if actual disbursements exceed 101% of estimates.
○ When: The determination of whether spending reductions are called for would be made during specified “measurement periods”:
◆ April 1 to April 30, ◆ May 1 to June 30, ◆ July 1 to December 31.
● Current Recommendation: wait until the first measurement period is past (after April 30) before deciding on state aid amounts to include in proposed district budgets.
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“Reduction WAVES”
Review of Budget Priorities and Changes: 2020-2021
➔ What has been removed since last meeting?
● School Resource Officer● 4th Section at CES● Fixed Asset Inventory Appraisal Proposal - Through Q3● Branding Updated● Facilities FTE increases● Assembly Funding● Classroom/Office Furniture● Classroom Furniture● 1 - 65 Passenger Bus w/Seatbelts
➔ How do we handle the Pandemic Adjustment? - $43,321● $41,250 - Technology IP’s. If funding is available then IP’s will happen in Spring.● $ 2,071 - Other Equipment will be held until funding is known to be available
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Priorities List 2020-21:
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Please see: “20-21 Budget Priorities
Board Grid” within BoardDocs for all
information
Current Status of the 2020-21 Budget
Rollover Draft 1 Draft 2 Draft 3 Supt Final
Projected Appropriations
$(25,972,658) $(26,104,353) $(26,222,503) $(25,988,979) $
Projected Revenues $24,586,548 $24,727,119 $25,098,895 $25,138,979 $
Appropriated Fund Balance in 2020-21 $850,000 $850,000 $850,000 $850,000 $
Difference $(536,110) $(527,234) $(273,608) $0 $
Remaining Budget Priorities
$(377,794) $(243,748) $0 $0
Gap to be closed $(905,208) $(517,356)
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Tax Levy Rates
2020-21 2.625%
2019-20 2.85%
2018-19 2.19%
2017-18 2.94%
2016-17 -0.30%
2015-16 2.50%
2014-15 1.40%
2020-2021 2.625% is at
Tax Cap
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2020-21 Capital - Waiting on Governor to issue Executive Order
➔ Voter approved through budget: ◆ 2020-21 Transfer to Capital Project: CES Work
● CES Library renovation to include removing low walls and associated electrical, new paint and new carpet. Redo tile floors on the 1st floor.
● Not to exceed cost: $100,000
➔ Propositions:
◆ 2020-21 Transfer from Capital Reserve: District Office● Remove old hot tanks, pumps, electrical, and piping. Install two new instantaneous
natural gas hot water heaters, new circulator pumps, wiring and controllers. ● Not to exceed cost: $100,000
◆ Bus Purchases utilizing BANs● Amount to be determined through budget process - 1 large and 1 small● Not to exceed cost: $173,000 - (est $3,000 budget impact)
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Board Elections - Waiting for Governor to issue Executive Order
➔ School Board elections
◆ How...We still don’t know
➔ Board seats open - three year terms starting July 1, 2020
◆ Christian Olsen ◆ Charles Peter◆ Current Vacant Seat
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Budget Planning - End of this year and next continued
◆ Reduction Waves - Identify reductions of expenses in waves to match reduction in aid from least to most impact on students
● Wave 1 - April 30th -2019/20 budget impact or Captured in Superintendent's Budget
● Wave 2 - June 30th - Use unappropriated fund balance above the allowable 4% along with 7/1 spending freeze
● Wave 3 - December 31st - Use of available reserves and reduction in force if needed.
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Budget Planning - End of this year and next year
➔ Reductions could be as early 4/30/2020.◆ Could be aid reduction this year ◆ 2020-21 would be represented in the Superintendents Final Budget
➔ Look at Reserves to fill budget revenue gaps as needed next year
◆ Unappropriated Fund Balance - Potential to carry over more than 4% ◆ Specific Reserves
● ERS● TRS● Insurance● Unemployment● Worker’s Compensation
➔ Mandated versus non-mandated costs throughout the district for 2020-2111
Budget Planning - End of this year and next continued
➔ Spending Freeze: July 1 for anything not health and safety related until revenues are known
◆ Items such as:
● Curriculum Writing● Conferences● Overtime● Equipment ● Supplies● Non-Contractual Professional Development
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Next Year: Outlook
➔ Budget created with known information as of today
➔ Unknowns as of today...
◆ Information will change and will make us adapt throughout the year● “Measurement periods” - What does this mean to our revenue?
○ April 1 to April 30, ○ May 1 to June 30, ○ July 1 to December 31.
● Have to be prepared to adjust both revenue projections and expenses as the year progresses
◆ Transportation Aid in 2020-21 -Waiting to see what the Governor decides to do. Hold harmless or reduction?
◆ Medicaid Recovery from 2019-20 13