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8/13/2019 Marcellus School District Jan. 21 Budget Update
1/17
1/24/20
January21,2014
8/13/2019 Marcellus School District Jan. 21 Budget Update
2/17
1/24/20
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
8/13/2019 Marcellus School District Jan. 21 Budget Update
3/17
1/24/20
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???
8/13/2019 Marcellus School District Jan. 21 Budget Update
4/17
1/24/20
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
Adopted InitialDraft
ProjectedRevenues $30,406,987 $29,794,859
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.
8/13/2019 Marcellus School District Jan. 21 Budget Update
5/17
1/24/20
20132014 20142015
Adopted InitialDraft
ProjectedExpenditures $30,406,987 $31,368,192
Note: Theinitialdraftcurrently doesnotincludeanyadditionstoor
reductionsfromthe20132014budget.
PleaseseeSection8ofthebudgetbinderforasummaryoftheinitial
draft.
20132014 20142015
Adopted InitialDraft
Salaries $14,700,352 15,113,856
Note: 20142015projectedexpendituresarebasedonactualsalariesfor
currentemployeeswherepossible. Projectionsaremadeforsubstitutes,
overtime,curriculumandsupervisionactivities. Contractshavenotbeen
finalizedforMEU,MTEUandMSTA. Allothercontractshavebeensettled
through2016/2017.
PleaserefertoSection9ofthebudgetbinderfordetails.
8/13/2019 Marcellus School District Jan. 21 Budget Update
6/17
8/13/2019 Marcellus School District Jan. 21 Budget Update
7/17
1/24/20
20132014 20142015
Adopted InitialDraft
Materials&Supplies 814,741 814,741
Note:20142015projectedexpendituresarebasedon20132014budgeted
amount.
PleaseseeSection12ofthebudgetbinderfordetails.
20132014 20142015
Adopted InitialDraft
BOCES 1,690,839 2,154,848
Note: BOCESestimatesarebasedontheinitialservicerequestsubmitted
inDecember2013. SignificantincreasesinCTEcosts($117,645)aredueto
increasedstudentparticipationin20132014,andincreasesinBOCES
SpecialEducationservices($234,620)areduetonewstudentsenrolledin
thesummer
of
2013.
PleaseseeSection13ofthebudgetbinderfordetails.
8/13/2019 Marcellus School District Jan. 21 Budget Update
8/17
1/24/20
20132014 20142015
Adopted InitialDraft
DebtService 3,136,978 3,010,221
Note:20142015projectedexpendituresarebasedonourcurrentdebt
schedule.
PleaserefertoSection14ofthebudgetbinderfordetails.
20132014 20142015
Adopted InitialDraft
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.
8/13/2019 Marcellus School District Jan. 21 Budget Update
9/17
1/24/20
20132014 20142015
Adopted InitialDraft
Interfund Transfers 100,000 100,000
Note: Togeneratebuildingaidoncashforcashprojects,upto$100,000
mustbebudgetedasaninterfund transfertothedistrictsCapitalFund.
PleaserefertoSection15ofthebudgetbinderfordetails.
20132014 20142015
Adopted InitialDraft
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
ProjectedExpenditures $30,406,987 $31,368,192
Note: Theinitialdraftcurrently doesnotincludeanyprogrammatic/
staffingadditionstoor reductionsfromthe20132014budget.
8/13/2019 Marcellus School District Jan. 21 Budget Update
10/17
1/24/20
20132014 20142015
Adopted InitialDraft
ProjectedExpenditures $30,406,987 $31,368,192
ProjectedRevenues $30,406,987 $29,794,859
ProjectedBudgetGap $ 0 $ 1,573,333
ProjectedBudgetGap $ 1,573,333
1%TaxLevyIncrease (173,653)
RemainingGap 1,399,680
8/13/2019 Marcellus School District Jan. 21 Budget Update
11/17
1/24/20
ProjectedBudgetGap $ 1,573,333
2%TaxLevyIncrease (347,306)
RemainingGap 1,226,027
ProjectedBudgetGap $ 1,573,333
3%TaxLevyIncrease (520,959)
RemainingGap 1,052,374
8/13/2019 Marcellus School District Jan. 21 Budget Update
12/17
1/24/20
ProjectedBudgetGap $ 1,573,333
4%TaxLevyIncrease (694,612)
RemainingGap 878,721
ProjectedBudgetGap $ 1,573,333
5%TaxLevyIncrease (868,265)
RemainingGap 705,068
8/13/2019 Marcellus School District Jan. 21 Budget Update
13/17
1/24/20
ProjectedBudgetGap $ 1,573,333
6%TaxLevyIncrease (1,041,918)
RemainingGap 531,415
ProjectedBudgetGap $ 1,573,333
7%TaxLevyIncrease (1,215,571)
RemainingGap 357,762
8/13/2019 Marcellus School District Jan. 21 Budget Update
14/17
1/24/20
ProjectedBudgetGap $ 1,573,333
8%TaxLevyIncrease (1,389,224)
RemainingGap 184,109
ProjectedBudgetGap $ 1,573,333
9%TaxLevyIncrease (1,562,877)
RemainingGap 10,456
8/13/2019 Marcellus School District Jan. 21 Budget Update
15/17
1/24/20
ProjectedBudgetGap $ 1,573,333
9.06%TaxLevyIncrease (1,573,333)
RemainingGap 0
Itsobviousthata9.06%increaseinthetaxlevyisnotanoption
Othertoolsavailabletousinclude:
Outstandingexpensesidevariables
Reductionsthroughattrition
Otherexpensesidereductions
Increaseinstateaidthrough
legislativeprocess
Additionaluseofreserves
???
8/13/2019 Marcellus School District Jan. 21 Budget Update
16/17
1/24/20
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.
8/13/2019 Marcellus School District Jan. 21 Budget Update
17/17
1/24/20
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