Menands Union Free School District 2019-2020 Budget Workshop April 15, 2019

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. Hope for the best, plan for the worst.

Updates Since We Last Met Back up information from NYS Budget received Continued enrollment increases Review of staffing needs Final Expenditure & Revenue adjustments & updates

2019-2020 budget – draft 4 at 3.75 % Draft 4 Revenue Budget 8,173,625 Draft 4 Expenditure Budget 9,038,667 Result in a Gap: (865,042) Result with Historic Adjustments Historic adjustments have included: $815,042 of Assigned Fund Balance $ 50,000 Transfer from Reserve No Resulting Gap

How Did we get there Expenditures Revenue Staffing & Benefits Final Contractual Adjustments Revenue Increase in Foundation Aid

recommendation Adoption of Draft 4 Budget @ $9,038,667 At the April 17 Board of Education Meeting

Next Board Meeting April 17, 2019 Questions Next Board Meeting April 17, 2019