Budget Planning and Analysis for Binghamton City School District 2023-2024
Explore the budget planning process, state aid analysis, and maximum allowable levy limit for Binghamton City School District in the upcoming 2023-2024 academic year. Learn about the mission, goals, and tax levy considerations to support a supportive and safe school environment.
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Presentation Transcript
2023-2024 Budget Binghamton City School District Presented by: Tonia Thompson, Ed.D, Superintendent of Schools Larry Dake, Ed.D., Assistant Superintendent for Instruction & Budget March 21,2023 Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. Believe Belong Become
Goals Behind the Budget Planning Process The School Budget seeks to help realize the District Mission: Our mission is to provide a supportive, safe, and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. Academic and Instructional Excellence Supportive Environment Safety The Student Experience While.. maintaining and enhancing student opportunities and programs; thinking long term planning and use of reserves; and, proposing a fiscally sound budget with a responsible tax levy. Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. Believe Belong Become
2023-2024 State Aid Analysis - Governors Budget Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. Believe Belong Become
Maximum Allowable Levy Limit STEPS Step 1 Prior Tax Levy $44,765,288 Step 2 x Tax Base Growth Factor 1.0000 $44,765,288 Step 3 + PILOTS current year $ 1,285,157 Step 4 - Exclusion: Capital Levy, current year ($ 945,990) $ 45,104,455 Step 5 x Allowable Growth Factor 2.00% $ 46,006,544 Step 6 + Available Carryover 0 Step 7 - PILOTS next year ($ 1,245,395) TAX LEVY LIMIT $ 44,761,149 Step 8 + Exclusion: Capital Levy, next year $ 943,108 MAXIMUM ALLOWABLE LEVY LIMIT $ 45,704,257 4 Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. Believe Belong Become
Maximum Allowable Levy Limit Maximum Tax Levy Increase 2023-24 Maximum Allowable Tax Levy $45,704,257 2022-23 Tax Levy $44,765,288 Maximum increase in Tax Levy to remain under Tax Levy Limit $ 938,969 Percentage Increase 2.10% 5 Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. Believe Belong Become
2023-2024 Draft Levy Increase Year Levy Increase 2.95% 1.17% 2.13% 0.01% -1.48% 3.57% 1.95% 0.64% 1.86% 2.10% 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. Believe Belong Become
Proposed 23-24 Enhancements 1.0 FTE Director of Facilities Level III - District-Wide 1.2 FTE Business Teacher - BHS 0.4 FTE Social Worker at Coolidge (0.6 FTE paid through Grant) 1.0 FTE Work-Based Learning/CTE Coordinator - Binghamton HS 1.0 FTE Music Teacher - East MS to support Academy- related scheduling 1.0 FTE Literacy Teacher - Wilson 2. 0 FTE Restorative Practices Coaches - one additional at BHS, one at MS Level (each MS has own) 5.0 FTE Teaching Assistants to support elementary Library Media Centers Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. Believe Belong Become
Administrative Component 2022-2023 2023-2024 Difference Name of Account ($100) Board of Education $39,390 $39,290 $9,614 Central Administration $308,603 $318,217 $56,444 Finance $469,467 $525,911 $0 Legal Services $125,000 $125,000 $36,375 Personnel $477,187 $513,562 $74,687 Public Information $449,893 $524,580 ($139,363) Other Central & Financial Services $2,525,993 $2,386,630 $849 Other Special Items $1,496,871 $1,497,720 $299,692 Curriculum Development & Supervision $1,435,474 $1,735,166 $100,515 Supervision - Regular School $3,600,488 $3,701,003 $0 Research, Evaluation & Planning $11,000 $11,000 Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. Employee Benefits $3,984 $3,331,852 $3,335,836 Believe Belong Become $14,271,218 Total Administrative Budget $14,713,915 $442,697
Program Component 2022-2023 2023-2024 Difference Name of Account $5,243,057 Instruction $71,417,529 $76,660,586 $4,848 $146,456 $151,304 Other District Transportation $34,646 $3,550,642 $3,585,288 Contract Transportation $476,946 $26,248,001 $26,724,947 Employee Benefits $101,362,628 $107,122,125 $5,759,497 Total Program Budget Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. 9 Believe Belong Become
Capital Component 2022-2023 2023-2024 Difference Name of Account Operation of Plant $625,250 $5,367,110 $5,992,360 $249,717 Maintenance of Plant $2,925,586 $3,175,303 $397,890 Security $693,840 $1,091,730 Employee Benefits $2,219,053 $2,376,424 $157,371 Interfund Transfer to the Capital Fund $100,000 $100,000 $0 Debt Service $9,150,662 $9,051,015 ($99,647) Total Capital Budget $20,456,251 $21,786,832 $1,330,581 Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. 10 Believe Belong Become
3 Part Budget Summary BUDGET 22-23 23-24 $ Difference Administrative $14,271,218 $14,713,915 $442,697 Program $101,362,628 $107,122,125 $5,759,497 Capital $20,456,251 $21,786,832 $1,330,581 Total $136,090,097 $143,622,872 Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. 11 Believe Belong Become
Three Part Budget Comparison 22-23 to 23-24 Program 22-23 % of Total 23-24 % of Total Administrative $14,271,218 10.5% $14,713,915 10.2% Program $101,362,628 74.5% $107,122,125 74.6% Capital $20,456,251 15.0% $21,786,832 15.2% $136,090,097 $143,622,872 Total Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. 12 Believe Belong Become
Anticipated Revenues 2023-2024 Revenue 22-23 Budget 23-24 Budget 23-24 % Increase 23-24 $ Increase Tax Levy $44,765,288 $45,704,257 2.10% $938,969 State Aid $84,069,872 $90,733,440 8.33% $7,00,568 Other Revenue $4,804,937 $4,735,175 (1.45%) ($69,762) Appropriated Reserves $0 $0 0% $0 Appropriated Fund Balance $2,450,000 $2,450,000 0% $0 Total $136,090,097 $143,622,872 5.5% $7,532,755 CURRENT BUDGET SURPLUS/(Deficit) $0 Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. Believe Belong Become
April through May Legislative Budget Updates Budget Hearing BOE provides feedback Budget Vote Budget changes made and finalized May 16, 2023 April 17, 2023 May 9, 2023 Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. Believe Belong Become
Thank you! Our mission is to provide a supportive, safe and engaging school environment that embraces each and everyone to believe in themselves, to belong, and to become successful. Believe Belong Become
