1. FORESTVILLE CENTRAL SCHOOL DISTRICT
Budget Meeting
March 22, 2018
Presented by
Karl Kofod
School Business Administrator

2. AGENDA EXPENDITURE BUDGET
Update on proposed capital outlay project & Maintenance projects
Adjustments to preliminary budget
Proposed budget totals
REVENUE BUDGET
Tax levy
State aid estimate
Planned use of reserves
Proposed revenue totals
OTHER ITEMS
Bus purchase plan and proposition
School lunch fund budget
 NEXT STEPS
Public presentations & newsletter
Budget vote May 15, 2018

3. Capital Expenditures Technology Plan Capital Outlay Project
Replace 15-year old classroom printers with new low-cost centralized color printers
Replace 9-year old Teacher Workstations
Replace 6-year old iPads with Chromebooks for Elementary and High School students
Capital Outlay Project
Included $100,000 project in budget
Additional repairs TBD
Maintenance Projects
In-House renovations

4. PROPOSED BUDGET SUMMARY
Approved Budget
Proposed
Budget
Increase (decrease) $
% of budget
Wages
$ 5,443,283
$ 5,508,691
$ 65,408
1.20%
Benefits
$ 2,307,345
$ 2,428,623
$ ,278
5.26%
Debt Service
$ 1,290,143
$ 1,289,184
$ (959)
(.07%)
BOCES
$ 1,682,926
$ 1,625,511
$ (37,217)
(-2.24%)
Equipment
$ ,957
$ ,915
$ (69,042)
(43.99%)
Other
$ 1,715,937
$ 1,847,469
131,532
7.67%
Total
$ 12,576,393
$ 12,787,393
$ 211,000
1.68%

5. Tax Cap Calculation Total Increase $84,420 or 2.22%
Tax Levy $3,795,168
1.0022% Tax Growth Factor = $8,349 $ 3,803,517
2% Levy Growth Factor = $76, $3,879,588
Total Increase $84,420 or 2.22%
*No capital tax levy exclusion
*No ERS or TRS exclusion

6. STATE AID UPDATE Legislative budget expected March 30, 2018
Forestville CSD preliminary budget
Calculated Aids – estimated increase in aid of $325,494 from actual received in
Forestville CSD proposed budget
State Aid – Estimate increase of $83,038
Total Budgeted Revenue increase $115,273
no Erate revenue this year, last year $52,185

7. USES OF RESERVE PLAN AUDITED RESERVE RESERVES USED RECCOMENDED
NEWLY CREATED
PLANNED USE
PROJECTED
BALANCE
USED THROUGH
TRANSFER
OF RESERVES
AS OF 6/30/2017
6/30/2018
AS OF 6/30/2018
Inventories
$ ,201
$ ,201
$ ,201
Special Aid Receivable
151,072
Encumbrances
60,171
Unemployment Reserve
173,401
(138,401)
35,000
Retirement Contribution Reserve
756,848
(117,201)
639,647
522,446
Reserve for Property Loss and Liability
43,699
Insurance Reserve
96,178
(46,178)
50,000
Reserve Emp. Benefits
259,718
(28,090)
231,628
203,538
Capital Reserve
669,799
(669,799)
184,579
Assigned Appropriated Fund Balance
1,145,262
1,212,899
Unassigned Fund Balance
501,453
$ ,874,802
$ (815,090) $
$ ,059,712
$ (145,291)
$ ,982,058

8. Use of Fund Balance Forestville Central School District
Appropriated Fund Balance
Appropriated fund balance – savings that we have built from previous year’s surpluses. We want to keep this at a number that is approximately 10% of our annual budget in case we are faced with unexpected expenses.
Reserve accounts represents money for specific purposes – a couple of typical reserve accounts are:
1. unemployment reserves (school districts don’t pay unemployment insurance – when we have an unemployment claim we pay it directly)
2. Employee Retirement System reserve – the contributions that the district must make toward employee retirement has increased significantly in recent years.
These reserve accounts act as a safety net for the district – we need to use them but we don’t want to deplete them because then if something unexpected happens we are in bad shape.
You can see that we are projecting a gentle decline in the amount of $ we have in fund balance. We have done a good job of cutting and saving – and it helps us move forward. Some area schools will be out of fund balance by the end of next year…
Forestville Central School District

9. PROPOSED REVENUE SUMMARY
Revenue
Budget
Increase (decrease) $
% of budget
State Aid
$ 7,295,377
$ 7,378,415
$ ,038
1.14%
Tax Levy
$ 3,795,168
$ 3,879,588
$ ,420
2.22%
Transfer from Debt Service
$ ,000 -
0.0%
Other Revenue
$ ,385
$ ,200
$ (52,185)
-30.10%
Total Revenue
$ 11,313,930
$ 11,429,203
$ 115,273
1.02%
Appropriated Fund Balance
$ 1,145,262
$ 1,212,899
67,637
5.91%
Use of Reserves
$ ,201
$ ,291
28,090
23.97%
Total Budget
$ 12,576,393
$ 12,787,393
$ 211,000
1.68%

10. Closing the Gap GAP = $347,348 Anticipated Revenue Tax Levy
Anticipated Expense
Use of Fund Balance
Contingency
Revenue Budget
$12,440,045
Expense Budget
$12,787,393
GAP = $347,348

11. Closing the Gap Preliminary Scenario 1 Scenario 2 Recommended
Tax Levy Increase
84,420
84,020
Project additional state aid
30,000
Increase to appropriated FB
67,637
Use of Reserves
195,291
165,291
347,348
Total Balanced Budget
12,787,393
At tax cap 2.22%
$ of planned use of reserves will be funded with additional state aid revenue, if received.

12. 1 new 30 passenger bus with handicap lift.
BUS PURCHASE
1 new 30 passenger bus with handicap lift.
Total purchase price $71,000

13. SCHOOL LUNCH FUND Continue plans to address fund balance deficit:
Participation – continue to seek out ways to improve participation.
Budget Management – continue to monitor monthly reports.
Improve Food Quality.
Farm to School.
Plans for next year:
Reduce transfer to $50,000 from general fund to fund current year deficit.
Consider increase on meal prices.
MEAL PRICES
CURRENT
RECOMMENDED
Elementary breakfast $ $
Middle/ high breakfast
Adult Breakfast $ $
Elementary lunch $ $
Middle/high lunch $ $
Adult Lunch $ $

14. Budget Presentations Budget Vote
April 11, Town of Sheridan 7:00 pm
April 12, Board of Education 5:00 pm
April 23, Town of Hanover 6:30 pm
May 3, Budget Hearing :00 pm
BUDGET Newsletter
Budget Postcard
Mail April 26, 2018
Mail May 4, 2018
Budget Vote
May 15, 2018
1:00 pm – 8:00 pm
Forestville MS/HS Aud. Ent.