COMMUNITY FORUM ROLL- OVER BUDGET JANUARY 16, 2019

TONIGHT’S DISCUSSION What is a Roll-Over Budget ? Purpose of a Roll-Over Budget Review Budget Adoption Principles Current Projections/Assumptions Revenues Expenditures Implications of 2019–20 Roll-Over Budget Budgeting Options Budget Timeline

What is a Roll-Over Budget ? Comparison of current revenue to known expenditure (cost) increases

Roll-Over Budget defined A Strategy to Assess the Future Cost of Current Resources Compared to Current Revenues by: Projecting costs with current staffing and expenditure levels Updating expenditures to reflect contractual increases “Trended” Revenues remain at existing levels (no increases) Existing Revenues are compared to “trended” expenditures to determine feasibility of maintaining current staffing and expenditure levels.

Purpose of a Roll-over Budget Establish baseline budget for identifying requirements for budget reductions, or opportunities for developing new initiatives Analyze, and understand the impact of the Governor’s State Aid proposals January 30

Budget Adoption Principles Fulfillment of District’s Mission Contain Taxes Position Budget for Future (short & long term) Prudent Use of Reserves Decisions regarding utilization and funding of reserves focusing on a long-term perspective. Assessing new reserves for stability. Technology Reserve – Smart Schools Bond Act Replacements 1:1 Technology

Revenue assumptions Revenue at Prior Year Levels Estimated CPI Projected Rate for NYS Tax Cap Calculation 2% (not finalized by NYS)

Revenues REVENUE STREAMS 2018-19 BUDGET 2019-20 ROLLOVER BUDGET % CHANGE PROPERTY TAX $ 14,342,012 - STATE AID 11,966,646 FEDERAL AID 18,088 MISCELLANEOUS 1,961,408 INTERFUND TRANSFERS 29,452 APPROPRIATED FUND BALANCE 586,141 RESERVES 1,186,383 $30,090,130

Expenditure assumptions SUPPORT STAFF SALARIES 2% TEACHING STAFF SALARIES 1.98% HEALTH INSURANCE 12% UNEMPLOYMENT 12% UTILITIES 10% INSURANCE 5% SUPPLIES 5% BOCES 2% These are predictable expenditure increases, others will occur during the budget process.

Expenditures 2018-19 BUDGET 2019-20 ROLLOVER BUDGET % CHANGE GENERAL SUPPORT $ 4,045,806 $ 4,246,206 4.95% INSTRUCTION 15,374,613 16,213,280 5.45% TRANSPORTATION 2,104,017 2,164,233 2.86% CIVIC ACTIVITIES 11,000 28,700 160.91% EMPLOYEE BENEFITS 6,720,777 7,227,690 7.54% DEBT SERVICE 1,653,417 0.00% INTERFUND TRANSFER 180,500 TOTAL EXPENDITURES $ 30,090,130 $ 31,714,026 5.40%

Implications of 2019–20 Roll-over Budget Total Revenues $ 30,090,130 Total Expenditures 31,714,026 Budgetary Gap to fill $ (1,623,896) Projections are 18 months in advance of operations.

Budgeting Options Expenditure Reductions Increase Revenues Faculty and staff analyses – Potential retirements and reductions Increase Revenues Utilization of District Reserves Combination of all of the above

Budget Timeline January 30 – BOE Meeting - Buildings & Grounds, Utilities, and Debt Service February 13 – Community Forum – Public Input BOE Meeting - GLP, EES, Curriculum, Sr. High, Middle and Revenue February 27 – BOE Meeting - Transportation, Athletics and Tax Cap March 6 – BOE Meeting - Special Education, Technology, BOCES, Staffing and Benefits March 20 – Community Forum - Presentation of Draft Budget April 16 – Budget Adoption by Board of Education May 7 – Community Budget Presentation May 21 – Budget Vote

Questions