1. WELCOME to the 2018-19 BUDGET PRESENTATION

2. Review 3 Areas Today Budget Process
NYS Aid / Long Term Impacts on GSCD
Different Types Of Aid
Aid Trending
5-year Financial Forecast
Proposed Budget
Questions ??

3. Budget Development Roles
Business Administrator
Facilitates budget development
Collects & reports financial information
Administrative Team
Includes the Superintendent, Building Principals & Dept. Supervisors
Develop & propose respective budgets to support district goals & objectives
Budget proposals are reviewed with the Superintendent & Business Manager
Budget Committee & Superintendent
Review complete budget, incl. line by line analysis
Ensure the budget balances the interests of all Greene stakeholders
Make final budget recommendation to the BOE

4. Budget Development Process
Bottom-up Budget Development
Define requirements across the organization - alignment with district goals, objectives or other plans (Links, technology)
Supplies and expendable purchases (bid process)
Additional budget requirements/needs/requests should be shared with the Administrator
Modified Zero-Based Budgeting (Expense side)
One-year budget within a multi-year financial forecast (5 yrs.)
Develop budgets to support programs & operations
300+ budget line items must be defined for necessity and expenditure levels
Budget Expectation
A budget is implemented that is supportive of the district’s goals & objectives both from an academic & extra-curricular perspective, and in addition balances the interests of all Greene stakeholders.

5. New York State AID 2 Types of NYS Aid
Foundation Aid (General Aid)- Operating aid that is allocated to all districts, generally based on wealth & need factors. Largest aid line item.
Expense Driven Aids – Expense aid is allocated to districts based on their eligible expenses. Reimbursement is made the year after the expense is incurred.
Building – 90% of eligible expenses
BOCES – 77%; does have exclusions and limits
Transportation – 90% of eligible expenses
Special Education – reimbursement after $35k threshold

6. GCSD Budget & Foundation Aid Trends {2010-11: 2018-19}

8. Property Tax Impacts Tax Levy Increase of 1.58% Moore Memorial Library
Increase Taxes = $106,950
Estimated increase on $100k assessed property = $27
Moore Memorial Library
Increase Budget = $20,000
Total Library Levied Budget = $178,000

9. THANK YOU ! QUESTIONS ?