Shenendehowa School District Budget Presentation

7/29/2019 Shenendehowa School District Budget Presentation

1/21

Budget Development

Study Session3/19/2013

Revenue Analysis

Fund Balance Debt Service

Bus Purchase Resolution

1


2/21

Assumptions and Expectations in

Financial Leadership and Budget Development

Let Schools BE School

Dr. L. Oliver Robinson, Superintendent of Schools

Key ComponentsTax Impact Sensitivity- Recognizing the Dynamic Nature of the

Economy- State Aid & Tax Cap Limitations:

Maximizing Tax Cap Allowances

Multiple-year Tax Levy and Rate Analysis

Trend Analysis of Property Valuations

Strategic Fund Balance UseAvoiding Structural Deficit

2


3/21

Revenue Projections

Revenue Items

2012-13

Revenue

Budget

2013-14Executive

Budget

State Aid

2013-14Projected

Draft

Budget

13-14 Projected DraftBudget Incr (Decr)

over 2012-13 Budget

$ Amount %

Foundation Aid 26,336,843 26,337,312 26,337,312 469

BOCES Aid 1,810,924 1,819,511 1,819,511 8,587

Building Aid 6,824,121 6,228,383 6,045,508 (778,613)

Transportation Aid 7,079,045 7,505,815 7,505,815 426,770

Excess Cost Aid 1,366,293 1,476,218 1,476,218 109,925InstructionalMaterials Aid 843,176 971,288 971,288 128,112

Gap Elimination

Adjustment (6,758,633) (6,496,100) (6,496,100) 262,533(6,758,633) (6,496,100) (6,496,100) 262,533

State Aid 37,501,769 37,842,427 37,659,552 157,783 .42%

3


4/21

Revenue Projections

Revenue Items

2012-13Actual

Revenue

Budget

2013-14Projected

Draft

Budget

13-14 Projected DraftBudget Incr (Decr)

over 2012-13 Budget

$ Amount %

Other Items 1,698,810 1,408,905 (289,905) (17.07%)

Interest Earnings 100,000 90,000 (10,000)

Tuitions & Admissions 232,000 324,000 92,000

Rentals, Sales, Refunds 381,350 319,975 (61,375)

Federal Reimbursements 320,000 345,000 25,000

Other Tax Items 665,460 329,930 ( 335,530)

Fund Balance 4,000,000 4,660,000 660,000 16.50%

Reappropriated FundBalance 3,250,000 3,250,000 0

ReappropriatedEmployee Benefits 0 660,000 660,000

ReappropriatedRetirement Reserve 750,000 750,000 0

Property Taxes 108,338,579 112,339,022 4,000,443 3.69%

Totals 151,539,158 156,067,479 4,528,321 2.99%4


5/21

2013-14 Official Tax Cap Calculation -As of March 1, 2013

Prior Year Tax Levy 2012-13 108,338,579

Tax Base Growth Factor x P/Y Growth 1.0136

109,811,984

Prior Year PILOT + 371,380

Prior Year Exemptions

Debt Svc (BLDG & Trans) -(10,206,935)

Building Aid (less BCS Aid) + 6,993,404

Trans Aid on buses + 733,608

Local Share Capital (2,479,923)

Adjusted Year Levy 107,703,440

Allowable Growth x 1.02

Subtotal after allowable growth 109,857,509

5


6/21

2013-14 Official Tax Cap Calculation -As of March 1, 2013

Subtotal after allowable growth 109,857,509

Current Year PILOT -(304,930)

Current Year Exemptions

Debt Svc (BLDG & Trans) + 10,656,079

Building Aid - (6,228,383)

Trans Aid on buses - (593,547)

Local Share Capital 3,834,149

Add: Increase in ERS (no exclusion) 0

Add: Increase in TRS

Salary Base (13-14 Budget) + 55,208,923

Excludable % (Per OSC/SED) x 2.41%

1,330,535

Available Carryover 0

Tax Levy Limit 2013-14 114,717,263

$ Increase over 2012-13 6,378,684

% Increase over 2012-13 5.89%

6


7/21

2012-13 2013-14

Budget Proposed $ Increase%

IncreaseBudget

Property Taxes - TaxLevy Limit Cap 108,816,972 114,717,263 5,900,291 5.42%

Property Taxes -BudgetDriven 108,338,579 112,339,022 4,000,443 3.69%Amount below the tax

levy limit cap 478,393 2,378,241

Property Tax Cap % 3.43% 5.89%

Projected Tax Levy Compared to Tax Levy Limit

7


8/21

Six-year History of Budget Increases (%)

8

5.93%

0.22%

0.82%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

6 Yr History % Budget Increase

08-09 09-10 10-11 11-12 12-13 Proposed13-14

.90%

1.72%

2.99%

Tax Levy Increase

4.73% 2.8% 3.11% 4.55% 3.18% 3.69%


9/21

Fund Balance Projections: 2012-13 to 2013-14


Dr. L. Oliver Robinson, Superintendent of Schools 9

Assumes $3.25M Re-approp.in 2013-2014

Unreserved/Unappropriated

Fund Balance: 6/30/12 (A) 5,572,788Year-End EstimatesRevenues incl. Carryover Encumbrance (B) 152,658,503Expenditures incl. Carryover Enc. (C) (147,609,636)Excess Revenues Over

Expenditures (B-C) (D) 5,048,867

3/21/2013


10/21




Assumes $3.25M Reapprop.in 2013-2014

Projected Unreserved/UnappropriatedFund Balance (A+D) (E) 10,621,655Reserved for Retirement Liability (F) (750,000)Reserved for Tax Certiorari Liability (G) 0Reserved for Workers Comp Liability (H) 0

3/21/2013


11/21




Assumes $3.25M

Reapprop.in 2013-2014

Reserved for Employee Benefits Accrued

Liability (I) (1,250,000)Re-appropriation for 2013-14 (J) (3,250,000)Projected Unres./Unapprop. Fund Balance6/30/13 (Sum E-J) (K) 5,371,655Projected % Fund Balance 6/30/13 3.44%

3/21/2013


12/21




2013-2014Assumes $3.25M

Re-approp.in 2014-2015

Unreserved/Unapp.

Fund Balance: 6/30/12 (A) 6/30/13 $5,371,655Year-End EstimatesRevenues incl Carryover Enc. (B) 100% Rev $156,067,479Expenditures incl Carryover

Enc. (C) 99% Exp $(154,506,804)Excess Revenues Over

Expenditures (B-C) (D) $1,560,6753/21/2013


13/21




2013-2014Assumes $3.25M Reapprop

in 2014-2015Projected

Unreserved/Unapprop Fund

Balance (A+D) (E) $6,932,330Reserved for Retirement

Liability (F) 0Reserved for Tax Certiorari

Liability (G) 0Reserved for Workers Comp

Liability (H) 03/21/2013


14/21




2013-2014Assumes $3.25M Reapprop

in 2014-2015Reserved for Employee

Benefits Accrued Liability (I) 0Reappropriation for 2013-14 (J) (3,250,000)Projected Unres/Unapprop

Fund Balance 6/30/14 (K) 3,682,330

% Fund Balance at 6/30/14 2.34%

3/21/2013


15/21

Budget Proposal

2013-14

Tax Levy Limit Cap

2013-14

Proposed Budget(Below the Tax Levy

Limit)$114,717,263 Tax Levy $112,339,022 Tax Levy

5.89% Tax Levy Increase 3.69% tax levy increase

(Below the Tax Levy Limit Cap)

Budget Increase ($)

$ 4,000,443

Budget Increase (%)2.99%

Estimated

True Value Tax Rate 3.18%

15


16/21

Refi Series F Refi Refi RefiSeries B, SHENET Series E $1.5M $22.5M

Year D, and F Tech & Sci Rms $7.9M MS Dist Office MS/HS Classrms2012-13 1,443,758 510,625 601,172 106,450 1,598,8252013-14 1,957,700 602,369 102,450 1,598,525

2014-15 1,968,500 606,744 108,538 1,597,325

2015-16 1,952,875 599,844 104,825 1,604,525

2016-17 1,959,650 603,281 112,275 1,604,725

2017-18 1,156,600 606,094 105,694 1,608,125

2018-19 1,150,100 603,281 113,813 1,549,5252019-20 1,146,500 106,638 1,494,275

2020-21 484,500 109,200 1,488,775

2021-22 106,444 1,488,175

2022-23 1,479,000

2023-24 960,750

2024-25

2025-262026-27

2027-28

2028-29

2029-30

13,220,183 510,625 4,222,785 1,076,327 18,072,550

Capital Project Debt Schedule

16


17/21

Year

$8.8M

Facility

Maintenance

Projects

$38M

Elem, MS,

Pool & Trans

Projects

$1.5M

Skano/

Tesago

Roof

$8.2M

Excel

Projects

Bond

$3.5M

Track

Bond

$10.1M

Est. Borrow

$7.7M

H&S, WiFi2012-13 771,300 2,943,103 135,200 541,953 232,266

2013-14 770,400 2,959,934 136,400 543,683 232,036 232,143

2014-15 767,600 2,961,565 137,400 544,471 232,373 729,990

2015-16 774,000 2,963,046 133,200 541,492 231,102 724,750

2016-17 779,200 2,970,709 134,000 545,347 232,747 722,000

2017-18 778,200 2,980,576 134,600 545,347 232,747 723,500

2018-19 781,200 2,987,503 135,000 544,006 232,175 724,0002019-20 783,000 2,996,371 135,200 548,282 233,999 723,500

2020-21 483,600 3,003,315 135,200 548,527 234,104 722,000

2021-22 3,012,909 551,265 235,273 724,500

2022-23 1,384,484 549,951 234,712 725,750

2023-24 1,387,940 540,559 230,704 725,750

2024-25 1,389,334 344,568 147,057 724,5002025-26 1,393,665 722,000

2026-27 1,400,728 723,250

2027-28

2028-29

2029-30

723,000

726,250

477,750

6,688,500 36,735,182 1,216,200 6,889,451 2,941,295 11,574,633

17



18/21

Year

Total Debt Service

on Facilities

2012-13 8,884,652

2013-14 9,135,6402014-15 9,654,506

2015-16 9,629,659

2016-17 9,663,934

2017-18 8,871,485

2018-19 8,820,603

2019-20 8,167,765

2020-21 7,209,221

2021-22 6,118,566

2022-23 4,373,897

2023-24 3,845,703

2024-25 2,605,459

2025-26 2,115,665

2026-27 2,123,978

2027-28 723,000

2028-29

2029-30

726,250

477,750

103,147,73318



19/21

19

-

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

2024-25

2025-26

2026-27

2027-28

2028-29

2029-30

Total

Debt



20/21

Bus

Purchases

Bus

Purchases

Bus

Purchases

Bus

Purchases

Bus

Purchases

ProposedBus

Purchases

Bus

Purchases$1,328,000 $ 822,412 $1,128,703 $1,771,262 $1,892,324 $1,817,740 Totals

Year

5-Yr Bond 5-Yr Bond 5-Yr Bond 5-Yr Bond 5-Yr Bond 5-Yr BondAnnual

Payments

2009-10 301,038 1,249,173

2010-11 285,469 172,197 1,190,7102011-12 287,503 168,824 220,050 1,175,415

2012-13 288,894 175,916 236,600 319,896 1,230,663

2013-14 294,713 177,347 242,100 360,956 353,703 1,428,819

2014-15 187,664 247,400 372,206 383,800 394,772 1,585,842

2015-16 252,500 387,806 395,025 399,600 1,434,931

2016-17 397,716 401,125 398,650 1,197,491

2017-18 417,075 397,400 814,475

2018-19 395,850 395,850

1,457,616 881,949 1,198,650 1,838,580 1,950,728 1,986,272

Bus Purchase Amortization Schedule

20


21/21

The budget...it is not

about dollars and

cents...it is about what

programs and services

do we want to offer toour students and how

effective do we want

them to be.


Dr. L. Oliver Robinson, Superintendent ofSchools

213/21/2013

Date post:	03-Apr-2018
Category:	Documents
Upload:	david-lombardo
View:	217 times
Download:	0 times

Shenendehowa School District Budget Presentation

Documents