Marcellus School District Jan. 21 Budget Update

8/13/2019 Marcellus School District Jan. 21 Budget Update

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January21,2014


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Budgeted Projected

RevenueCategory 20132014 20132014 Variance

StateAid $11,979,313 $11,632,135 347,178

PropertyTaxes 17,365,261 17,365,261 0

Other 460,285 522,354 +62,069

AppropriatedFundBalance 602,128 602,128 +

TotalRevenues $30,406,987 $30,121,878 285,109

Budgeted Projected

ExpenseCategory 20132014 20132014 Variance

Salaries $14,700,352 $14,556,099 +144,253

Equipment 171,255 118,620 +52,635

Contractual 1,958,033 1,520,970 +437,063

BOCES 1,690,839 2,070,839 380,000

Materials

&

Supplies 814,741 704,339 +110,402DebtService 3,136,978 3,136,978 0

EmployeeBenefits 7,834,789 7,553,261 +281,528

Interfund Transfers 100,000 100,000 0

TotalExpenditures $30,406,987 $29,761,106 +645,881


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TotalRevenues $30,406,987 $30,121,878 285,109

TotalExpenditures $30,406,987 $29,761,106 +645,881

Variance $ 0 $ 360,772 +360,772

HittingtheResetButton

Calculateasmuchoftheexpensesidebudgetaspossible appliesprimarilyto

salariesandemployeebenefits

Thereisnofatintentionallybuiltintotheinitialbudgethoweverthereare

conservativeestimatesforitemssuchastuition,utilities,andsubstitute costs

Ourinitialgaphasbeencalculatedwithouttheuseofreserves,andincludesno

increaseinthetaxlevyasameansofestablishingastartingpointand

beginningdialoguetoclosethebudgetgap.

Majorexpensesidevariablesstilloutstanding

Teachers'RetirementSystemcontributionrates currently17.75%

Healthinsurancepremiumincrease currently5%

CourseselectionbystudentsatSHS

Otheradditions???

Otherreductions???


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20132014 20142015

Adopted InitialDraft

ProjectedExpenditures $30,406,987 $31,368,192

ProjectedRevenues $30,406,987 $29,794,859

ProjectedBudgetGap $ 0 $ 1,573,333

PleaseseeSection1ofthebudgetbinderforasummaryofthe

initialdraft.

20132014 20142015



TaxLevy $17,365,261 $17,365,261

StateAid 11,979,313 11,979,313

FederalAid 0 0

Other 460,285 450,285AppropriatedFundBalance 602,128 0

Total $30,406,987 $29,794,859

PleaseseeSection5ofthebudgetbinderforadetailof

revenueprojections.


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20132014 20142015



Note: Theinitialdraftcurrently doesnotincludeanyadditionstoor

reductionsfromthe20132014budget.

PleaseseeSection8ofthebudgetbinderforasummaryoftheinitial

draft.

20132014 20142015


Salaries $14,700,352 15,113,856

Note: 20142015projectedexpendituresarebasedonactualsalariesfor

currentemployeeswherepossible. Projectionsaremadeforsubstitutes,

overtime,curriculumandsupervisionactivities. Contractshavenotbeen

finalizedforMEU,MTEUandMSTA. Allothercontractshavebeensettled

through2016/2017.

PleaserefertoSection9ofthebudgetbinderfordetails.


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20132014 20142015


Materials&Supplies 814,741 814,741

Note:20142015projectedexpendituresarebasedon20132014budgeted

amount.

PleaseseeSection12ofthebudgetbinderfordetails.

20132014 20142015


BOCES 1,690,839 2,154,848

Note: BOCESestimatesarebasedontheinitialservicerequestsubmitted

inDecember2013. SignificantincreasesinCTEcosts($117,645)aredueto

increasedstudentparticipationin20132014,andincreasesinBOCES

SpecialEducationservices($234,620)areduetonewstudentsenrolledin

thesummer

of

2013.

PleaseseeSection13ofthebudgetbinderfordetails.


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20132014 20142015


DebtService 3,136,978 3,010,221

Note:20142015projectedexpendituresarebasedonourcurrentdebt

schedule.


20132014 20142015


EmployeeBenefits 7,834,789 8,044,238

Note:20142015projectedexpendituresarebasedonpercentagesapplied

tosalariesasfollows:TeachersRetirementSystem 17.75%

EmployeesRetirementSystem 20.10%

FICA/Medicare 7.65%

HealthInsurancePremiumIncrease 5.00%

Allotherbenefitsarebasedoneitherprioryearactuals orquotedamounts

frombenefitproviders.

PleaserefertoSection15ofthebudgetbinderfordetails,alongwith

salaryinformationprovidedinSection9.


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20132014 20142015


Interfund Transfers 100,000 100,000

Note: Togeneratebuildingaidoncashforcashprojects,upto$100,000

mustbebudgetedasaninterfund transfertothedistrictsCapitalFund.


20132014 20142015


Salaries $14,700,352 $15,113,856

Equipment 171,255 171,255

Contractual 1,958,033 1,959,033

BOCES 1,690,839 2,154,848

Materials&Supplies 814,741 814,741

DebtService 3,136,978 3,010,221

EmployeeBenefits 7,834,789 8,044,238

Interfund Transfers 100,000 100,000


Note: Theinitialdraftcurrently doesnotincludeanyprogrammatic/

staffingadditionstoor reductionsfromthe20132014budget.


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20132014 20142015




ProjectedBudgetGap $ 0 $ 1,573,333

ProjectedBudgetGap $ 1,573,333

1%TaxLevyIncrease (173,653)

RemainingGap 1,399,680


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12/17

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RemainingGap 878,721





13/17

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6%TaxLevyIncrease (1,041,918)






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RemainingGap 10,456


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9.06%TaxLevyIncrease (1,573,333)

RemainingGap 0

Itsobviousthata9.06%increaseinthetaxlevyisnotanoption

Othertoolsavailabletousinclude:

Outstandingexpensesidevariables

Reductionsthroughattrition

Otherexpensesidereductions

Increaseinstateaidthrough

legislativeprocess

Additionaluseofreserves

???


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StateAidFactors

StateAidFactors

Sparsity CountSparsity Count

SquareMilesinDistrict

SquareMilesinDistrict

EnrollmentEnrollment

ExtraordinaryNeeds

ExtraordinaryNeeds

Free/ReducedLunch

Free/ReducedLunch

LimitedEnglishProficient

LimitedEnglishProficient

WealthFactorsWealthFactorsPropertyWealthPropertyWealth

IncomeWealthIncomeWealth

$2,376,745 RetirementContributionReserve

28,386 UnemploymentInsuranceReserve

272,863 EmployeeBenefit&AccruedLiabilityReserve

1,994,322 UnappropriatedFundBalance

$4,672,316 TotalReserveFundsAvailable

Whywouldwenotusereservestofund anyoutstandingbudgetgaps?

We

can,

as

long

as

reserves are

used

responsibly

and

not

as

a

short

term

solutiontoalongtermproblem.


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WhattoExpectThroughouttheBudgetProcess

Informationorganizedtoensurethatweallknowwherewestandinthebudgetprocess

Asvariablesaresolidified,ChronologicalBudgetSummarywillbemodifiedtoreflect

changes. Eachbudgetpresentation willprovideupdatedinformationregardingall monetary

revisions.

Baselinedata(detailsprovidedinRevenueandExpendituresections)willnot beupdated

throughoutthebudgetprocess. Oncethebudgetisfinalizedallworksheetswillbeupdated

toreflectadoptedbudgetfigures.

AdditionalReferendums MoretoFollow

PurchaseofBuses

BetweenNowandApril

Awaitinformationregarding:

o retirementcontributionrates

o healthinsurancepremiums

o passageofstatebudget

Documents

Marcellus School District Jan. 21 Budget Update