1 / 27

Thoughts for Consideration 2011-12 JE School Budget

Thoughts for Consideration 2011-12 JE School Budget. Citizen Forum Fire Hall Elbridge, New York April 7, 2011. Disclaimer.

bambi
Download Presentation

Thoughts for Consideration 2011-12 JE School Budget

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Thoughts for Consideration2011-12 JE School Budget Citizen Forum Fire Hall Elbridge, New York April 7, 2011

  2. Disclaimer • The numbers presented in this presentation are best estimates developed using information provided by the state, the district’s website and the presenter’s own knowledge of revenues and costs. It is impossible to fine tune these estimates without having direct access to system reports and analysis models. Other unknown cost considerations may also be in play that have not been factored in to the numbers presented here.

  3. Why am I Here? • Citizens asked me to speak. • Care about the community. Grew up here. • Want to help. Have always been willing to help. • Abrupt change with no consultation = knowledge gap. • Hope this information will filter back to the district and benefit everyone in some way.

  4. Terminology

  5. Times are Very Difficult for Everyone

  6. Where do we want to be five years from now and beyond? What is the plan to get there? That plan should determine budget and spending priorities.

  7. In summary, …. • The estimated funding gap is $3.0 million. • This assumes a 3% levy increase, $12.5 in non-levy revenue, the use of $1.2 million from fund balance and reserves and a projected status quo budget increase projection of 7.0%. • It would appear that a lot can be done to close the gap without having to make wholesale layoffs and program cuts. TARGET BUDGET PROJECTED BUDGET

  8. Original Slide Dr. Larry Zacher March 29, 2011 $12,234,386 $12,951,145 $620,438 $275,000 $37,500

  9. Estimate of total non-tax levy revenue is $925,259 less than the district’s previously stated estimate. Even after adjusting last year’s state aid budget downward we still ended up too close for comfort!!

  10. Breakdown of Projected Revenue

  11. Estimate of FYE2012 percentages of total revenue… • state aid 49%, down from 51% • property taxes 37%, up from 32%

  12. Original Slide Dr. Larry Zacher March 29, 2011 FYE2010 Balance $251,733 $800,000 <$251,733 not $250,000

  13. Debt Service Planning • Debt service is easily predicted (like your own mortgage). • Debt service planning, along with corresponding state aid projecting, is done in concert with the board-appointed fiscal advisor. Presently, Bernard P. Dongegan, located in Victor, NY.

  14. Fund balance and reserves are presently strong. This is a good thing heading into a crisis and prior to bonding. It will be important to maintain a strong balance sheet.

  15. Original Slide Dr. Larry Zacher March 29, 2011 $25,180,754 4.5% lower 3.00% <10

  16. Assumptions used to project current budget out • No change in labor. • 3% increase in wages across all labor codes. • Equipment, supplies and most contractual the same. • 3% increase in BOCES. No contract change. • 11.1% Teacher Retirement System. • 18.0% Employee Retirement System. • 5.0% Workers’ Comp. • 6.0% Health Insurance. • FICA and Pension for $640K in wages from F and C funds. • $250K for legal per LZ (3/29/11). • $540K increase in debt service.

  17. 1 3 2 4 5 6 The estimated “gap” 2 = $28,202,811 - $25,180,754 = $3,022,057

  18. Expenditures by area have stayed about the same as percentage of total expenditures

  19. TRS Employer Contribution Rates Over Time 11.1%, up from 8.6% est $285K increase

  20. Athletics and Cocurricular Activities (clubs, drama, marching band, etc.) as a percentage of total expenditures

  21. District began to invest more in athletics (labor and fields) a few years ago. Costs were charged to athletics (A2855) to get a true picture of total cost. ∆ ∆ ∆ ∆ ∆ ∆ ∆ ∆

  22. Legal $250K = $180/Student State Average = $50/Student

  23. Original Slide Dr. Larry Zacher March 29, 2011 Look carefully It does not appear to be necessary to make these “overnight” systemic decisions to balance the budget.

  24. Original Slide Dr. Larry Zacher March 29, 2011 Again, it does not appear to be necessary to make these “overnight” systemic decisions to balance the budget.

  25. 18.0 Success in the early grades means a greater likelihood of success all the way through 18.6 19.8 20.4 22.5 20.7 22.0 Original Slide Dr. Larry Zacher March 29, 2011

  26. For More Information Please Contact Bill Hamilton bh@hamilton-us.com

  27. Dissatisfaction and discouragement are not caused by the absence of things but the absence of vision. — Anonymous

More Related