Menands Union Free School District 2017-2018 Budget Workshop February 13, 2017

Budget Reminders We will budget from the perspective of what we know to be true in the present moment. Though we will be cautiously optimistic about decreases in expenditures or increases in revenue, WE WILL NOT MAKE ASSUMPTIONS.

Changes Since We Last Met Budget Freeze Tax Cap Factors

2017-2018 Tax Cap Calculation Tax Levy 2016-17 6,419,213.00 Tax Cap Reserve Amount (including interest earned) from FYE 2017 -   sub-total = Tax Base Growth Factor (Provided by Tax and Finance) x 1.0071 6,464,789.41 PILOTS - 2016-17 + Value of claims and judgments > 5% of total tax levy 0.00 Local share after aid of current (2016-17) allowable capital expenses 262,382.00 Adjusted 2016-17 Current Year Tax Levy 6,202,407.41 Calculate Projected Tax Levy Threshold 2017-18 Allowable Levy Growth Factor (1 + inflation factor, up to 2%) Provided by Dept. of Labor 1.0126 6,280,557.75 Projected PILOTS for 2017-18 Available Carryover (If any) 2017-18 TAX LEVY LIMIT (to be submitted to State Comptroller, Commissioner of Tax & Finance and the Commissioner of Education by March 1st) = Determines simple/super majority vote Calculate Coming Year Exemptions: Value of any claims and/or judgments greater than 5% for 2016-17 year ERS Employer Contribution Amount TRS Employer Contribution Amount Local share after aid of 2017-18 allowable capital expenditures 255,153 Maximum Allowable Tax Levy for 2017-18 6,535,710.75 2017-18 Adj Levy = (requiring a simple majority vote) 2016-17 Levy = $ Change = 116,497.75 % change = 1.81%

Where we are to date General Fund Revenues Prior Year Actual 6/30/16 Budget 2016-17 Prior Year Actual 01/31/16 Actual to Date 01/31/17 Year End Projection Real Property Taxes $ 6,380,990 $ 6,419,213 $ 5,854,488 $ 5,901,562 $ 6,419,213 Charges for Services $ 71,200 $ - $ 303 $ 22,270 Use of Money & Property $ 1,111 $ 2,150 $ 1,222 $ 27 $ 46 Sale of Property & Comp. For Loss $ 1,982 $ 1,000 Miscellaneous $ 34,524 $ 80,500 $ 21,578 $ 16,289 $ 35,344 State Aid $ 1,073,033 $ 982,176 $ 515,253 $ 625,651 $ 1,163,309 ** Federal Aid $ 15,401 $ 12,000 $ 4,809 $ 3,362 $ 10,086 Interfund Transfers $ - $ 212,000 Appropriated Fund Balance $ 840,397 Total Revenues $ 7,578,241 $ 8,336,436 $ 6,397,653 $ 6,758,890 $ 7,651,268 Expenditures General Support $ 898,704 $ 966,772 $ 551,327 $ 520,313 $ 977,276 Instruction $ 4,579,964 $ 5,135,478 $ 1,380,817 $ 1,395,894 $ 4,646,355 Transportation $ 653,934 $ 702,750 $ 275,979 $ 261,569 $ 656,995 Employee Benefits $ 960,368 $ 1,079,736 $ 742,812 $ 707,859 $ 1,014,758 Debt Service $ 422,150 $ 409,200 $ 26,075 $ 19,600 $ 409,200 $ 36,668 $ 42,500 $ 910 $ 42,500 Total Expenditures $ 7,551,788 $ 2,977,920 $ 2,905,234 $ 7,747,084 Revenue vs. Expenditure (95,816) ** Special Aid revenue increase reflect a one time Bullet Aid ** General Support expenditure increase reflects an upgrads to our Technology Plan

Major Instructional Factors Driving Spending Increase Special Education tuitions & associated transportation costs Increased enrollment of ENL students and programming requirements Increased enrollment in various grade levels Expenses associated with number of students protected under the Federal McKinney Vento legislation Continued support of staff professional development Unanticipated classroom support

Governors Proposed Budget/Aid 16-17 17-18 Foundation $379,314 $383,107 BOCES $151,167 $113,166 Private Excess Cost $ 25, 952 $ 41,501 Hardware & Technology $ 2, 183 $ 2, 264 Software, Library, Text Book $ 30,783 $ 31, 871 Transportation $ 227,940 $ 210,553 Building $ 152, 330 $ 148,598 Charter School Transition $ 51, 904 $ 0 Total $1,021, 498 $ 931, 060 This is a reduction of 8.85% or $90,438

What we still do not Know Adjustments to the Governor’s Proposal Foundation Aid Tax Cap ELL Funding Expense Based Aids

What we can expect at next BOE meeting… NYS Budget update and any impact. Expenditure and revenue updates. Review of fund balance.

Questions & Discussion Next Budget Workshop March 13, 2017 No February 27 meeting