2025-26 Proposed Budget Update and Revenue Projections
"Explore the detailed financial updates and projections presented at the April 7, 2025, Board of Education meeting, including budget gaps, proposed staff reductions, capital projects, revenue changes, and enrollment projections for the 2025-26 academic year."
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Presentation Transcript
2025-26 Budget Update April 7, 2025 Board of Education Meeting
Updated Proposed 2025-26 Budget & Revenue Revenue w/Governor s Aid $92,749,965 Budget Projections $97,464,310 Total Budget Gap ($4,714,345) (Includes Capital Project $1,750,000, attrition $325,791 & Tax Levy Cap 2.8%)
Proposed Capital Project 2025-26 CJH Controls Project GHS Speaker/PA/Fire Alarm - Tennis Court Reconstruction - $ 525,000 $ 667,630 $ 510,000 Soft costs - Total $ 47,370 $1,750,000 Note These are estimates only at this time
2025-26 Proposed Staff Reductions Attrition: 3.0 FTE Secondary Instruction al 3.0 FTE Various Level Teacher Aides 2.0 FTE Elementary Instructional 24.0 Hourly Teacher Aides Total 6.0 FTE $325,791 Total attrition & reductions - $965,136 Reductions: 0.8 FTE Administration 1.0 FTE Secondary Teacher Assistant Total $639,345 4
2025-26 Other Proposed Reductions/Changes Computer Software $ 73,154 BOCES Placements $ 784,465 Transfer to School Lunch $ 55,000 B&G Vehicles/Equipment $ 77,000 Tax Refunds & Judgements $ 49,000 Unemployment $ 20,000 BOCES Transportation $ 141,992 Other Employee Benefits $ 515,760 Supplies & Contract items $ 295,901 TOTAL $2,012,272 Note Use of Fund Balance will increase from $1,226,037 to $3,350,000 $3,750,000. Use of $325,000 in Employee Benefit & Unemployment Reserve. 5
2025-26 Proposed Revenue 2024-25 Budget $55,672,008 Description 2025-26 Proposed $ Change % Change Tax Levy $56,873,512 $57,273,512 $1,201,504 $1,601,504 2.2% 2.8% Local Sources Charges for Services $1,571,417 $334,248 $1,493,299 $267,248 $288,033 $691,992 $891,992 $753,394 $32,163,601 $32,049,735 $92,749,965 $4,075,000 $96,824,965 -$78,118 -$67,000 -$46,215 -5.0% -20.0% -13.8% 0.0% 28.9% -0.4% 1.8% 1.4% 2.3% 232.4% 5.4% Use of Money & Property $691,992 $0 $200,000 -$2,800 $560,436 $446,570 $2,120,941 $2,848,963 $4,969,904 Misc Refund Prior Year, Library State Aid $756,194 $31,603,165 Subtotal Appropriated Fund Balance & Reserves Total $90,629,024 $1,226,037 $91,855,061 6
2025-26 Projected Enrollment Grade 2020-21 2021-22 2022-23 2023-24 2024-25 Projected 25-26 K 185 187 165 161 180 175 1 175 186 191 162 164 180 2 200 185 194 196 161 164 3 204 203 187 203 200 161 4 187 202 201 196 207 200 5 209 200 208 207 201 207 6 223 215 206 212 211 201 7 252 238 213 212 223 211 8 245 256 238 222 215 223 9 237 262 273 245 235 215 10 235 238 266 263 244 235 11 250 242 239 251 250 244 12 224 254 239 233 255 250 Total 2826 2868 2820 2763 2746 2666
Contingent Budget If the budget does not pass after two attempts, the BOE is required to adopt a contingency budget Under a contingent budget the tax levy would be limited to the same tax levy as 2024-25 or $55,672,008 In order to meet a contingent budget, additional cuts in the amount of $1,201,504 $1,601,504 would be necessary These cuts can not include required items such as transportation to and from school for students, textbooks and certain supplies Cuts would include all equipment purchases, field trips and the Capital project. Community use of facilities without fees would be prohibited. 8
2025-2026 Budget Development Important Dates Monday, November 18, 2024 Monday, January 15, 2025 Monday, February 3, 2025 Tuesday, March 4, 2025 Monday, March 17, 2025 Monday, April 7, 2025 Monday, April 21, 2025 Tuesday, April 22, 2025 Monday, May 12, 2025 Tuesday, May 20, 2025 Budget Presentation #1 Budget Presentation #2 Budget Presentation #3 Budget Presentation #4 Budget Presentation #5 Budget Presentation #6 BOE Candidate Petitions due Adopt proposed budget & Submit Property Tax Report Card Public Budget Hearing Annual Budget Vote 9
Mission Statement The Goshen Central School District is committed to providing an environment which encourages lifelong learning for students. Our expansive offerings of engaging curriculum, extra-curricular and co-curricular programs offer multiple authentic educational journeys. Our faculty and staff provide a welcoming and supportive environment which is relevant, ever adapting, and reflective of the values of our learners as they prepare to move forward to the next phase of their lives. 10
Questions? Dr. Kurtis Kotes kurtis.kotes@gcsny.org (845)615-6720 Lorine Van Put-Lamerand lorine.lamerand@gcsny.org (845)615-6740 Jason Carter jason.carter@gcsny.org (845)615-6730 11
