1. HARPURSVILLE CENTRAL SCHOOL
Budget Workshop for April 9, 2018 (based on the approved state budget)

2. Tonight’s topics Budget goals Projected expenditures
Reflect on goals in context of current year’s budget performance
Projected expenditures
Projected revenues
tax levy info
State aid – based on approved state budget & CBO projections
Summary – comparison of projected revenues and expenditures
Next steps

3. Budget goals
Provide an instructional program that meets the educational needs of all students
Many significant student successes this year (Odyssey, Tech Club, NJHS/Art - Easter Egg, CTE programs, in-district Special Education programs)
Work to eliminate structural deficits in our budgets
Reduce or eliminate use of reserves
Significantly reduced in – almost no use of reserves planned at this time!
Promote the fiscal health and stability of the school district
We are effectively controlling expense growth in the district which is making a significant positive difference!
Food service is projected to be in the black!
Reduction in the use of reserves for this year and next year as a means of balancing the budget
Projected increase of unappropriated fund balance (still <4%, as required by law)

4. SUMMARY… (where we started with the budget process on 2.14.18)
Revenues
Expenditures
Surplus/(Deficit)
$19,520,645
$20,295,132
($774,487)
We have a budget that accurately reflects the anticipated revenues and expenditures of our district as evidenced by the budget performance. The only direct control we have over revenues is with the tax levy. Even though we have controlled our expenses to about 2% growth from year to year, we are still left to wrestle with the expenditure side of the budget as a means of balancing the budget.

5. We are in a MUCH BETTER place at this point in the budget process!

6. planned expenditures Developed using: Current/projected staff
Known benefit rate changes
Known contractual costs/estimated contractual increases
Known debt service payments
“Final” BOCES services based on FRS
Historical and market trends; current year projections

7. % INCREASE BUDGET TO BUDGET $ INCREASE BUDGET TO BUDGET
Planned expenditures
EXPENDITURES
ORIGINAL BUDGET
DRAFT BUDGET
2/14/18
4/9/18
% INCREASE BUDGET TO BUDGET
$ INCREASE BUDGET TO BUDGET
INSTRUCTIONAL SALARIES
$ ,071,475.00
$ ,050,289.00
$ ,590,240.00
-9.49%
$ (481,235.00)
NON-INSTRUCTIONAL SALARIES
$ ,596,193.00
$ ,651,699.00
$ ,651,365.00
3.46%
$55,172.00
EQUIPMENT
$ ,150.00
$ ,150.00
-15.55%
$ (5,000.00)
CONTRACTUAL EXPENSES
$ ,491,615.00
$ ,645,050.00
$ ,676,050.00
12.36%
$184,435.00
MATERIALS AND SUPPLIES
$ ,581.00
$ ,060.00
2.87%
$13,479.00
BOCES
$ ,350,656.00
$ ,481,176.00
$ ,341,577.00
-0.21%
$ (9,079.00)
DEBT SERVICE
$ ,936,099.00
$ ,825,957.00
-5.69%
$ (110,142.00)
BENEFITS
$ ,891,199.00
$ ,091,405.00
$ ,882,324.00
-0.18%
$(8,875.00)
TRANSFERS
$ ,000.00
$ ,000.00
-4.44%
$ (2,000.00)
TOTAL
$19,883,968.00
$20,298,786.00
$19,520,723.00
-1.83%
$(363,245.00)

8. % INCREASE BUDGET TO BUDGET
planned expenditures
EXPENDITURES
ORIGINAL BUDGET
DRAFT BUDGET 2/14/18
DRAFT BUDGET 4/9/18
% INCREASE BUDGET TO BUDGET
$ INCREASE
BUDGET TO BUDGET
STATE RETIREMENT--ERS
$232,000
$212,700
-8.32%
($19,300)
TEACHER'S RETIREMENT--TRS
$482,274
$548,144
$499,241
3.52%
$16,967
SOCIAL SECURITY
$510,492
$516,731
$481,512
-5.68%
($28,980)
WORKERS COMPENSATION
$110,000
0.00% $0
UNEMPLOYMENT INSURANCE
$70,000
$30,000
-57.14%
($40,000)
HEALTH & DENTAL INS
$3,478,683
$3,617,830
$3,532,871
1.56%
$54,188
OTHER BENEFITS
$7,750
$16,000
106.45%
$8,250
TOTAL
$4,891,199
$5,091,405
$4,882,324
-0.18%
($8,875)

9. expense reductions
4 teacher resignations due to retirement at end of year
$319,764 (salary & benefits, excluding health ins.)
1 administrator resignation during the school year
$114,818 (salary & benefits, including health ins.)
personnel changes included with initial projections
1 teacher - $76,942 (salary & benefits, including health ins.)
1 support staff - $49,445 (salary & benefits, including health ins.)
BOCES reduced cost (anticipated changes to student placements, related services, minimal changes to shared services) – already included in FRS
$139,599

10. REVENUES Developed using: Tax levy limit calculation
“Final” projections of state aid based on approved budget
Prior year trends/data for other revenues (CBO projections)

11. % INCREASE BUDGET TO BUDGET $ INCREASE BUDGET TO BUDGET
REVENUES
REVENUE
ORIGINAL BUDGET
DRAFT BUDGET 2/14/18
DRAFT BUDGET 4/9/18
% INCREASE BUDGET TO BUDGET
$ INCREASE BUDGET TO BUDGET
TAX LEVY
$3,939,554
$4,060,911
3.08%
$121,357
OTHER REVENUE
$836,851
$677,471
$694,971
-16.95%
($141,880)
STATE AID
$14,349,184
$14,215,917
$14,425,661
0.53%
$76,477
APPROPRIATED RESERVES
$258,379
$70,000
$30,000
-88.39%
($228,379)
APPROPRIATED FUND BALANCE
$500,000
0.00% $0
TOTAL REVENUE BUDGET
$19,883,968
$19,524,299
$19,711,543
-0.87%
($172,425)

12. % INCREASE BUDGET TO BUDGET $ INCREASE BUDGET TO BUDGET
REVENUES Tax Levy
REVENUE
ORIGINAL BUDGET
DRAFT BUDGET
Updated 3/6/18
% INCREASE BUDGET TO BUDGET
$ INCREASE BUDGET TO BUDGET
TAX LEVY
$3,939,554
$4,060,911
3.08%
$121,357
NOTES:
3.08% is the maximum allowable limit under the tax cap law
The district would remain compliant under the law with this levy
1% change to the tax levy is approx. $39,396

13. Tax levy cost ($) Tax Increase True Value Tax Rate Tax on $50,000 Home
Change from
Current 17-18 $
$756.20
3.08% $
$779.50
$23.30
True Value Tax Rate
Yearly Difference $
$0.47 $
$0.29 $
$0.48 $
$0.37 $
$0.33 $ $
$0.59 $
($0.08)
Year
Tax Levy
Increase to Levy
$ 4,060,911.00
3.08%
$ 3,939,554.00
2.13%
$ 3,857,206.00
3.02%
$ 3,744,285.00
1.54%
$ 3,687,369.00
2.00%
$ 3,615,067.00
3.49%
$ 3,493,156.00
$ 3,424,663.00
3.94%

14. REVENUES - “Other” Revenue
(4.9.18)
Payments in lieu of taxes (PILOT)
$9,012
$9,453
Interest & Penalties on Real Prop Taxes
$13,000
Day school tuition from other districts
$15,000
Interest and earnings
$2,000
$5,000
Rental of real property (SUNY Broome)
$29,000
Sale of scrap
$1,000
Medicare D Reimbursement $0
Refund of prior year exp--BOCES
$350,000
$190,000
Refunds of prior years expenditures (Health Ins. & CPSE)
$12,000
Other unclassified revenues
Other unclassified revenues-BOCES (after-school/enrich./sub reimburse)
$263,050
$257,500
Medicaid Assistance
$20,000
$25,000
Inter-fund Transfer from Debt Service
(premium to offset debt)
$117,789
$133,018
TOTAL OTHER REVENUE
$836,851
$694,971

15. includes $89,804 of community schools aid
REVENUES “State Aid”
Type of Aid
4.9.14
Foundation Aid
$9,948,196
$10,089,198
$10,300,901
includes $89,804 of community schools aid
Excess Cost Aid
$372,000
$366,000
Building Aid
$1,506,751
$1,309,404
Transportation Aid
$1,029,607
$1,088,713
BOCES Aid
$1,412,007
$1,284,968
Tuition Aid Handicapped $0
Instructional Materials Aid
$80,623
$77,634
$75,675
TOTAL STATE AID
$14,349,184
$14,215,917
$14,425,661

16. We have additional revenue! How will we use this additional revenue?
SUMMARY…
Revenues
Expenditures
Surplus/(Deficit)
$19,711,543
$19,520,723
$190,820
We have additional revenue! How will we use this additional revenue?

17. Next steps/considerations/recommendations
Do we…
Hire a PE teacher (estimated cost of this is $80,508)
Fund reserves
Replace some of what we’ve used the past couple of years
Consider establishing a new capital reserve
Hire a School Resource Officer (estimated cost is $40,000 – through the District Attorney’s Office)
Ensure we maintain a “placeholder” for Promise Zone – we will need to be able to fully fund PZ after the 3-year grant runs out

18. Next steps
April 16th – Board of Education Adopts budget May 15th – Annual district budget vote

19. THANK YOU!