Budget Development for Board of Education Meeting
This document outlines the budget development process discussed during the Board of Education meeting, focusing on guiding principles, stakeholder input, key variables affecting state aid, budget approach for 2024-2025, and alignment to the strategic roadmap. The budget emphasizes maintaining current staff, minimizing layos and discretionary spending, leveraging attrition, and staying within tax caps to prioritize student outcomes.
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Presentation Transcript
Budget Work Session No. 4 Board of Education Meeting March 5, 2024 Carlos X. Leal, Assistant Superintendent for Business Joy Myke, Business Administrator 1 1
Budget Development Guiding Principles Guiding Principles Budget Roadmap Budget Variables Budget Snapshot Stakeholder Input Budget Vote Budget Vote Budget Roadmap Budget Development Process Budget Variables Stakeholder Input Budget Snapshot 2 2
Commitment to Strategic Plan & The Whole Child Priorities: Prioritize Student Outcomes Maintain All Current Staff No Layoffs Reduce Discretionary Spending Leverage Attrition & Retirements Stay within the Allowable Tax Cap Guiding Principles 3 3
Key Variables Review State Aid: Governor s Proposal Foundation Aid Increase = + $7,062,569 (+12.06%) Statewide Lobbying for Foundation Aid Allocation Change Expiring ESSER Grant (allocated in 23-24) = - $9.7 Million Liability & Other Insurance Rate Increases = + $1,569,271(20+%) Transportation & Other Contract Renewal Increases = + $2,124,455 (+4.12% CPI) 4 4
Key Variables Review (continued) NYS Health Insurance Plan (NYSHIP) Increases = + $3,643,373 Active Employees = Between + 9.0% and +10.5% Retirees = Between +18.4% and + 24.9% Retirement System Increases = + $1,360,820 NYS Local Retirement System Rate Increase = + 2.1% NYS Teacher Retirement System Rate Increase = + 0.26% (updated estimate) Maximize Use of Reserves to Minimize Taxpayer Impact 5 5
Budget Approach for 2024-2025 Cost Savings & Resource Management Budget Allocations Provided Based on Enrollment District-Wide Building & Department Discretionary Spending Reduced by 20% Leadership Team asked to budget within reduced allocation 6 6
Budget Approach for 2024-2025 Alignment to Strategic Roadmap: New Staffing Requests and Retirements Evaluated to Maximize Student Outcomes All Budget Requests Must Align to Strategic Roadmap Cabinet Review & Approval of Unbudgeted Requests Unbudgeted & Facilities Requests Prioritized by District Leadership 7 7
Budget Snapshot 8 8
Look Back 2023-2024 Revenue 2023-2024 Expenses Health Insurance 12% Other Revenues, 4.30% All Other Expenses 26% State Aid, 25.20% Retirement System 6% Other Benefits 5% Taxes, 70.50% Salaries 51% Revenue: $316,135,242 Expenditures: $316,135,242 9 9
Budget Snapshot Athletics Co-Curricular Student Support Transportation Community Service Debt Service & Transfers 10 10
Budget Snapshot: Athletics & Student Support Services Discretionary Spending Reduced by 20% (materials, supplies & contracts): Initial Reductions: $154,999 Unbudgeted Requests: $1,542,601 Increases aligned to collective bargaining agreements and contractual increases Maintains current staffing (minus natural attrition) Proposed budget reflects shifting staff from grant funds and in alignment with NY State Budget Standards Overall decrease of 20.7% 2024 - 25 Proposed Budget 2023 - 24 Adopted Budget Function Code % Description Change 2015 Student Support Services 952,932 2,343,000 -59.3% 2016 Family & Community 173,308 - NA 2017 My Brother's Keeper 136,072 - NA 2805 Attendance Regular School 899,909 736,849 22.1% 2815 Health Services Regular School 3,650,564 4,068,604 -10.3% 2820 Psychological Services Regular School 3,500,533 671,986 420.9% 2825 Social Work Services Regular School 3,426,166 2,773,833 23.5% 2830 Pupil Personnel Services Special Schools 191,778 - NA 2850 Co-Curricular Activities Regular School 400,000 344,000 16.3% 2855 Interscholastic Athletics Regular School 1,573,736 1,407,669 11.8% Total Student Support & Athletics $14,904,998 $12,345,941 20.7% 11 11
Budget Snapshot: Transportation & Debt Service Discretionary Spending Reduced by 20% (materials, supplies & contracts) Initial Reductions: $400,720 Increases aligned to collective bargaining agreements, projected premiums and contracts Maintains current staffing (minus natural attrition) Proposed budget reflects shifting staff from grant funds and in alignment with NY State Budget Standards Overall increase of 6.1% 2024 - 25 Proposed Budget 2023 - 24 Adopted Budget Function Code % Description Change 5510 District Transportation Services 507,922 498,096 2.0% 5540 Contract Transportation 20,670,430 18,545,975 11.5% 5550 Public Transportation 750,000 1,380,120 -45.7% 8060 Civic Activities - 15,000 NA 9710 Serial Bonds Principal - Public Library 237,202 234,719 1.1% 9711 Serial Bonds Principal/Interest - School Construction 11,169,311 11,269,967 -0.9% 9714 Serial Bonds Principal/Interest - Real Property Tax Refund 572,000 578,400 -1.1% 9731 Bond Anticipation Notes Principal/Interest 3,087,042 264,000 1069.3% 9760 Tax Anticipation Notes Interest 560,000 - NA 9789 Other Debt Principal/Interest (EPC) 1,245,350 1,245,354 0.0% 9901 Transfers to School Lunch/Special Aid 1,050,000 1,525,000 -31.1% 9902 Transfer to Risk Retention - 1,400,000 NA 9950 Transfer To Capital Funds 250,000 841,213 -70.3% Total Transportation & Debt Service $40,099,257 $37,797,844 6.1% 12 12
Budget Roadmap 13 13
Looking Ahead Budget Work Session #4 March 5, 2024 Proposed Budget Work Session #5 March 12, 2024 Budget Adoption March 21, 2024 BOCES Budget Vote April 16, 2024 Budget Hearing May 7, 2024 Annual Meeting, Trustee Election & Budget Vote May 21, 2024 14 14
Stakeholder Feedback 15 15
Stakeholder Feedback Community Meetings Board Presentations Budget Hearing Administrator Requests Budget Review Sessions 16 16
Stakeholder Feedback To speak at a School Board meeting, contact the District Clerk at 914-576-4219or via email atboe@nredlearn.org Please email any questions pertaining to the proposed 2024-2025 Annual School Budget to 2425budgetquestions@nredlearn.org Attend School Board meetings, watch meetings streamed via CSDNR s website, or view archived videos of pastmeetings, and attend Budget Roadshows 17 17
Questions & Discussion 18 18
