Menands Union Free School District 2019-2020 Budget Workshop April 1, 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.
Changes Since We Last Met NYS Budget update and any impact. Expenditure & Revenue updates.
NYS Budget Update Continued advocacy & communication with elected officials. House Bills still being negotiated
2019-2020 budget – draft 1 at the allowable cap Draft 1 Revenue Budget 8,249,089 Draft 1 Expenditure Budget 9,369,905 Result in a Gap: (1,120,816) Result with Historic Adjustments ( 255,774) Historic adjustments have included: $815,042 of Assigned Fund Balance $ 50,000 Transfer from Reserve Resulting Gap would be ($255,774)
2019-2020 budget – draft 2 at the allowable cap Draft 2 Revenue Budget 8,249,089 Draft 2 Expenditure Budget 9,123,748 Result in a Gap: (874,659) Result with Historic Adjustments ( 9,617) Historic adjustments have included: $815,042 of Assigned Fund Balance $ 50,000 Transfer from Reserve Resulting Gap would be ($9,617)
Updated tax cap scenarios
2019-2020 budget – draft 3 at 3.75 % Draft 3 Revenue Budget 8,118,793 Draft 3 Expenditure Budget 8,983,835 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 BOCES Services Contractual Tuition Special Education Revenue No Change
What we still do not Know Adjustments to the Governor’s Proposal Foundation Aid Expense based aids Special education placements Certain contractual increases
Questions & Discussion Discussion among & direction from the Board Do we need another Budget Workshop?
Budget Adoption To Be Determined Budget MUST be adopted by April 17, 2019 Board of Education Meeting