Menands Union Free School District 2017-2018 Budget Workshop April 11, 2017

Budget Reminders We will budget from the perspective of what we know to be true in the present moment. It is what it is!

Updates Since We Last Met NYS Budget has been adopted Continued movement in special education placements Additional relief in expense based aid One time STAC reimbursement: detailed assumptions

Governor’s Budget Proposal Governor's Budget Proposals 2016-2017 State Aid Governors Proposal Anticipate Draft 1 Anticipate Draft 2 Change In Aid Draft 2 Anticipated Draft 3 Change In Aid to Date Foundation Aid 379,314 383,107 F 6,735 389,842 Boces 151,167 113,166 A E 34,250 147,416 15,000 162,416 Private Excess 25,952 41,501 -452 41,049 Hardware & Technology 2,188 2,264 -100 2,164 Software,Library,Text Book 30,703 31,871 677 32,548 Transporation 227,940 210,553 B 226,139 15,586 Building Aid 152,330 148,598 C Other G 50,000 Charter Transition 51,904   D Total 1,021,498 931,060 946,646 49,836 980,896 71,860 1,052,756 A. 16-17 Increase in BOCES Aid was due to one time chrome book purchase/Treasurer position B. 2017-2018 Transportation projection was increased C. Building Aid reduction is due the lowering of the Debt Payments D. Charter transition formula was changed, district has not had a substantial increase in charter enrollment to generate the aid E. Increase in BOCES Aid due to infrastructure upgrades F. Adjustments in Governor's Budget G. Additional one time aid

Revenue Updates Revenue Updates Draft 1 Draft 2 Draft 3 2016-2017 2017-2018 Real Property Taxes 6,419,213 6,535,711 Interest/ Earnings 1,000 Commissions 1,150 Refunds Prior Year 80,000 Gifts and Donations 500 State Aid 851,472 817,894 833,480 890,340 BOCES Aid 130,704 113,166 147,416 162,416 Medicaid 12,000 7,496,039 7,561,421 7,611,257 7,683,117 Fund Balance 840,397 Total 8,336,436 8,401,818 8,451,654 8,523,514

Reflects change in revenue Where we are to Date Revenue Update Draft 1 Draft 2 Draft 3 Expenses 2016-2017 2017-2018 Difference To Date Instructional Salary 2,361,579 2,501,839 2,545,368 43,529 1 Non Instructional Salary 414,627 456,706 412,504 -44,202 2 Health Buyout 98,000 89,400 Contractual 1,108,089 1,116,389 1,104,989 -11,400 Tuition 1,332,716 1,268,272 Tuition- Charter 129,760 130,960 Tuition-SPED 620,000 685,620 693,932 8,312 3 Boces 446,139 418,639 478,413 59,774 4 Benefits 1,079,736 1,109,825 1,133,035 23,210 Debt Service 409,200 401,250 Transfer Café/Special Aid 42,500 Carry Over Expense 294,090 294,091 -1 8,336,436 8,515,491 8,594,713 79,222 Revenue 7,496,039 7,561,420 7,611,257 7,683,117 Fund Balance 840,397 Total Revenue 8,401,817 8,451,654 8,523,514 Budget Gap -113,674 -143,059 -71,199 1 The Increase in Instructional and the Benefit Category is due to the additional Teacher Assistant & Increase Speech from .60 to 1.00 FTE 2. Reduction in Business Office and 2 Teacher Aids ( replaced by 1 Teacher Assistant ) 3. Review of Special Education Placements 4. Increase services through BOCES is technology upgrades and Special Education Placements Reflects change in revenue

So Where Do We Stand Now? The budget results in a gap of $71,199 Keeps current staffing levels (including unanticipated) Stays within the tax cap Allocates same Fund Balance as 16-17

What I Heard from the Board Exceeding the cap is not a consideration Allocating additional Fund Balance could be considered Rework the April 3rd proposal Consider contractual budget allocations

History of Fund Balance Over the Last 3 years the District has: A. Increased the Assigned Fund balance and decreased the Transfer from Reserve (Used to Balance the Budget) Net Increase of 96,197 B. Decrease in the Unassigned Fund Balance And Decrease in Restricted ( Due to Transfer to Capital) Net Decrease of 35,289 C. Decreased Excess Fund Balance over the 4% Net Decrease of 46,714

Two Stories One Districts fund balance Another Districts unanticipated contractual expenses

Initial Recommendation Budget GAP -143,059 Summer Institute 12,524 Reduce Class Section/Embedded PD 81,023 Remove Partial TA Funding From General Fund 11,073 Total 104,620 Remaining Budget GAP -38,439

New Recommendation Budget GAP -71,199 New Package Repackage of orginal 15,846 Reductions Material & Supplies 15,240 Remove Partial TA Funding From General Fund 11,073 Administrative & Non Instructional Consessions 4,395 Total 46,554 Remaining Budget GAP -24,645

Expenditure Updates Draft 1 Draft 2 Draft 3 Expenses 2016-2017 2017-2018 Difference To Date Instructional Salary 2,361,579 2,501,839 2,545,368 2,522,594 -22,774 Non Instructional Salary 414,627 456,706 412,504 410,003 -2,501 Health Buyout 98,000 89,400 Contractual 1,108,089 1,116,389 1,104,989 1,098,108 -6,881 Tuition 1,332,716 1,268,272 Tuition- Charter 129,760 130,960 Tuition-SPED 620,000 685,620 693,932 Boces 446,139 418,639 478,413 Benefits 1,079,736 1,109,825 1,133,035 Debt Service 409,200 401,250 Transfer Café/Special Aid 42,500 Carry Over Expense 294,090 294,091 279,692 -14,398 8,336,436 8,515,491 8,594,713 8,548,159 -46,554 Revenue 7,496,039 7,561,420 7,611,257 7,683,117 Fund Balance 840,397 Total Revenue 8,401,817 8,451,654 8,523,514 Budget Gap -113,674 -143,059 -24,645

The Board must decide…. To accept the Superintendent’s Proposal IF SO: Use an additional $24,645 of Fund Balance and adopt 2017-2018 budget of $8,548,159 IF NOT: Further reduce expenditures in current budget and reschedule future meeting

Questions & Discussion Next Budget Workshop ?