1. ELDRED CENTRAL SCHOOL DISTRICT
PRELIMINARY BUDGET

2. PROJECTED REVENUES
REAL PROPERTY TAXES - $10,669,011; an increase of $239,988 or 2.3% which is the cap;
STATE AID - $5,924,638; increase of $129,361; as per initial projections;
OTHER REVENUES - $592,850 an increase of $69,000;
USE OF RESERVE/FUND BALANCE - $0, a decrease of $100,000;
TOTAL REVENUE BUDGET - $17,186,499 an increase of $338,349 or 2.01%

3. Overview Figures are preliminary; NYS Budget due by April 1st;
No use of unencumbered fund balance and reserves;
Increase in State Aid of 2% due to Transportation Lease;
No major equipment sales;
Increased Real Property Taxes by 2.3%.

4. SCHOOL TAXES Proposed increase of 2.3% for Fiscal 2019-2020
After Tax Increase we will still have the second and third lowest rates in the county respectively.
Charts detail the tax effect for the next fiscal year using prior year assessments and estimated compressor station assessment.
Rates are expected to decline this year. The District expects to increase next year to capture compressor station money while allowing residents to keep the property relief check.
Next Year Tax Cap estimated in the 7-9% range, will result in an estimated 2% overall tax increase above

5. ELDRED CENTRAL SCHOOL DISTRICT PROPERTY TAX RELIEF CREDIT 2019-2020
School Tax increase (2.3%) - $239,988
Town of Highland
Town of Lumberland
Fiscal Year
$100,000 Assessed Value
$150,000 Assessed Value
$200,000 Assessed Value
$250,000
Assessed Value
$300,000
$1,462
$2,193
$2,924
$3,655
$4,386
$1,535
$2,303
$3,070
$3,838
$4,605
Decrease
$73
$110
$146
$183
$219

6. ELDRED CENTRAL SCHOOL DISTRICT PROPOSED SCHOOL TAXES 2019-2020
School Tax increase (2.3%) - $239,988
Town of Lumberland
Fiscal Year
$100,000 Assessed Value
$150,000 Assessed Value
$200,000 Assessed Value
$250,000
Assessed Value
$300,000
$1,462
$2,193
$2,924
$3,655
$4,386
$1,535
$2,303
$3,070
$3,838
$4,605
Decrease
$73
$110
$146
$183
$219

7. ELDRED CENTRAL SCHOOL DISTRICT PROPOSED SCHOOL TAXES 2019-2020
School Tax increase (2.3%) - $ 239,988
Town of Deerpark
Town of Lumberland
Fiscal Year
$100,000 Assessed Value
$150,000 Assessed Value
$200,000 Assessed Value
$250,000
Assessed Value
$300,000
$2,604
$3,906
$5,208
$6,510
$7,812
$2,733
$4,100
$5,466
$6,833
$8,199
Decrease
$129
$203
$258
$323
$387

8. ELDRED CENTRAL SCHOOL DISTRICT PROPOSED SCHOOL TAXES 2019-2020
School Tax increase (2.3%) - $239,988
Town of Tusten
Town of Lumberland
Fiscal Year
$100,000 Assessed Value
$150,000 Assessed Value
$200,000 Assessed Value
$250,000
Assessed Value
$300,000
$2,710
$4,065
$5,420
$6,775
$8,130
$2,844
$4,266
$5,688
$7,110
$8,532
Decrease
$134
$201
$268
$335
$402

9. STATE AID
Increase in Foundation Aid and Transportation Aid due to Bus Lease.
Decrease in Aid Contribution Rate due to higher assessed values, lower enrollment and attendance.
Net Effect increase in Aid of $129,361

10. Other Revenue Increase in BOCESS Refund and Gifts/Donations
Increase in Interest Income.
Member Aid from Gunther 95,000.
Net Increase of $69,000

11. 2019-2020 BUDGET EXPENSE HIGHLIGHTS
GENERAL SUPPORT SALARIES - Contractual Increases budgeted. No increase for Superintendent. Other increases held at 2% or below, or at contractual amounts.
GENERAL SUPPORT OTHER – Expenses increased .1%. Holding off on scheduled blacktop project. All Other supplies and contractual expenses held flat. Energy Costs expected to be consistent with prior years.
INSTRUCTIONAL SALARIES –Added 2 Days of Guidance Counselor through BOCES, Increased remaining salaries per contract. Reconfigured Salaries to reflect actual placements.
INSTRUCTIONAL OTHER – Added Two SRO’s. Special Ed. Costs expected to increase by approx. $300,000. Total Instructional Increase 4.71%.

12. 2018-19 BUDGET EXPENSE HIGHLIGHTS
TRANSPORTATION SALARIES – Increased Salaries per contract.
TRANSPORTATION OTHER – Expenses net neutral for Fiscal Year;
EMPLOYEE BENEFITS – increase in health insurance premiums anticipated to be 1.5% or less. Reductions in TRS anticipated for next year, contributions are 2% less.
DEBT SERVICE – No new debt issued. Payments made according to bond amortization. Remains flat.

13. 2018-19 BUDGET EXPENSE HIGHLIGHTS
Overall expenditures increased $338,349 compared to prior fiscal year.