1 / 12

Menands Union Free School District

Stay informed on the Menands Union Free School District's budget workshop for 2019-2020. Learn about budget adjustments, NYS budget updates, revenue scenarios, and key financial considerations. Get ready for budget adoption by April 17, 2019.

kdubois
Download Presentation

Menands Union Free School District

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. Menands Union Free School District 2019-2020 Budget Workshop April 1, 2019

  2. Budget Reminders • We will budget from the perspective of what we know to be true in the present moment. • Though we will be cautiously optimistic about decreases in expenditures or increases in revenue, WE WILL NOT MAKE ASSUMPTIONS. • Hope for the best, plan for the worst.

  3. Changes Since We Last Met • NYS Budget update and any impact. • Expenditure & Revenue updates.

  4. NYS Budget Update • Continued advocacy & communication with elected officials. • House Bills still being negotiated

  5. 2019-2020 budget – draft 1 at the allowable cap • Historic adjustments have included: • $815,042 of Assigned Fund Balance • $ 50,000 Transfer from Reserve • Resulting Gap would be ($255,774)

  6. 2019-2020 budget – draft 2 at the allowable cap • Historic adjustments have included: • $815,042 of Assigned Fund Balance • $ 50,000 Transfer from Reserve • Resulting Gap would be ($9,617)

  7. Updated tax cap scenarios

  8. 2019-2020 budget – draft 3 at 3.75 % • Historic adjustments have included: • $815,042 of Assigned Fund Balance • $ 50,000 Transfer from Reserve • No Resulting Gap

  9. How Did we get there Expenditures • Staffing & Benefits • BOCES Services • Contractual • Tuition • Special Education Revenue • No Change

  10. What we still do not Know • Adjustments to the Governor’s Proposal • Foundation Aid • Expense based aids • Special education placements • Certain contractual increases

  11. Questions & Discussion Discussion among & direction from the Board Do we need another Budget Workshop?

  12. Budget Adoption • To Be Determined • Budget MUST be adopted by April 17, 2019 Board of Education Meeting

More Related