Greenport UFSD 2024-2025 Budget Overview

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Explore the detailed breakdown of Greenport UFSD's 2024-2025 budget expenses, including general support, operations, maintenance, security, utilities, transportation, employee benefits, debt service, and fund transfers. Follow the budget development process, budget drivers for central administration, board of education, district clerk, and the business office to gain insight into the financial planning and allocation within the school district.

  • Greenport UFSD
  • Budget overview
  • Education expenses
  • Financial planning
  • School district
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  1. Greenport UFSD 2024-2025 Budget Expenses General Support, Operation & Maintenance, Security, Utilities,Transportation Employee Benefits, Debt Service & Fund Transfers February 27, 2024 1

  2. Budget Development Process November/December 2023 Distribute Budget Worksheets January 16, 2024 Presentation #1: Review of the Budget Process Long Term Planning Recap of Reserves January (Late) 2023 Meetings with Department Heads to Review Budget Proposals February 27, 2024 Presentation #2: Provide Board with Draft of Line by Line Budget Budget Expenses General Support, Operation & Maintenance, Security, Utilities,Transportation Employee Benefits, Debt Service, Fund Transfers 2

  3. Central Administration Budget Driver 2022-23 2023-24 2024-25 2,000 2,000 2,000 Equipment 6,000 6,000 6,000 Travel/Membership 8,000 8,000 9,000 Supplies Sub total 16,000 16,000 17,000 3

  4. Board of Education/ District Clerk Budget Driver 2022-23 2023-24 2024-25 875 900 918 Contractual Expense 3,480 4,325 4,412 Travel/Supplies-BOE 2,010 2,825 2,882 Travel-District Clerk 550 725 740 Supplies-District Clerk 2,200 2,200 2,244 Advertising-District Mtgs 1,583 1,768 3,606 Machines-District Election 2,796 3,057 3,948 Supplies-District Meetings Sub total 13,494 15,800 18,750 4

  5. Business Office Budget Driver 2022-23 2023-24 2024-25 Equipment-Business Office 5,000 6,000 6,000 65,000 65,000 65,000 Contractual Services 1,700 2,000 2,000 Travel-Business Office 1,500 2,100 2,100 Service & Repairs-Business. Office Supplies-Business Office 1,900 2,400 2,900 8,200 9,500 9,880 Accounting Software-Business Office BOCES Support W/C, EEHP, Gasb 45, 75 & 84, EAP, School Aid Spec.-Partially reimbursable to us 51,128 52,754 51,846 Sub total 134,428 139,754 139,726 5

  6. Business Office Continued Budget Driver 2022-23 2023-24 2024-25 Auditing - Internal Claims, Single Grants Audit, External Audit 49,620 51,500 51,888 1,000 1,000 1,000 Travel-District Treasurer 1,800 1,800 2,000 Supplies-District Treasurer 1,148 1,185 1,231 Cooperative Purchasing Fiscal Agent - TAN & BAN + Bond Counsel 18,500 38,850 61,850 Sub total 72,068 94,335 117,969 6

  7. Business Office Continued 2022-23 Budget Driver 2023-24 2024-25 Advertising-Legal 2,250 2,500 3,000 Legal-School Attorney 34,700 39,900 51,900 Hearing Officer 500 500 500 TPA 403B, ACA 6,000 6,000 6,000 Advertising- Personnel 2,200 2,200 2,500 Boces Services 13,770 14,208 22,797 Records Management 350 350 350 Newsletter & Public Info. Svcs. 8,600 8,600 30,250 Sub total 68,370 74,258 117,297 TOTALS 304,360 340,147 410,742 7

  8. Operations and Maintenance-1620 2022-23 Budget Driver 2023-24 2024-25 Custodial Overtime 8,200 8,450 13,750 Part-timers 20,450 20,450 23,840 Equipment 52,000 53,000 84,171 Contractual 107,000 112,350 5,225 Travel & Conference 3,100 3,450 4,260 Service/Repair 21,600 27,600 64,100 Memberships/Dues 625 685 765 Fuel Oil 181,500 225,000 230,000 Electricity 61,200 65,000 74,592 Exterminator 1,000 1,000 1,200 Sub-Totals 456,675 516,985 501,903 8

  9. Operations and Maintenance-1620 Cont Budget Driver 2022-23 2023-24 2024-25 Rubbish Removal 36,800 40,500 56,600 Water & New Fire Hydrant + Testing Sewer 3,000 3,250 7,000 25,000 25,000 43,228 Guards/Security (Proposed inc.-3 guards) Materials & Supplies 45,084 93,324 165,504 47,220 54,143 65,143 Sub-Totals 157,104 216,217 337,475 Total 1620 613,779 733,202 839,378 9

  10. Operations and Maintenance-1621 Budget Driver 2022-23 2023-24 2024-25 Maintenance OT 5,799 5,799 7,740 Equipment 5,800 6,000 23,350 Service/Repair 86,175 92,375 180,035 Materials & Supplies 19,300 31,800 35,300 Total 1621 117,074 135,974 246,425 10

  11. Transportation 2022-23 Budget Driver 2023-24 2024-25 310,960 330,550 426,565 Pupils-In District Other Public/Private Schools 133,806 142,236 293,292 5,200 12,828 8,000 Field Trips 74,880 79,597 98,286 Athletics 22,880 26,300 32,475 Ferries-Other 52,000 55,276 68,255 Occupational Education 236,761 237,612 293,404 Boces Total 836,487 884,399 1,220,277 11

  12. Debt Service, Transfers Budget Driver 2022-23 2023-24 2024-25 Serial Bonds-Principal 395,000 410,000 430,000 Serial Bonds-Interest 179,675 161,250 141,944 Tax Anticipation Note (TAN) Interest Bond Anticipation Note (BAN) Principal & Interest EPC Principal 65,625 82,000 122,504 352,000 855,000 1,144,500 62,718 65,929 0 EPC Interest 6,587 3,376 0 Transfer to Other funds 36,700 48,000 61,800 Total Debt Service/Transfers 1,098,305 1,625,555 1,900,748 12

  13. Total by Category 2022-23 2023-24 Budget Driver 2024-25 % Change General Support (Central, Board, Business) +20.75% (70,595) +37.98% (335,878) +24.92% (216,627) +12.65% (785,038) +16.93% (275,193) +16.96% (1,683,331) 304,360 340,147 410,742 836,487 884,399 1,220,277 Transportation Operations & Maintenance 730,853 869,176 1,085,803 5,997,262 6,207,678 6,992,716 Employee Benefits 1,098,305 1,625,555 1,900,748 Debt Service, Transfers Total 8,967,267 9,926,955 11,610,286. 13

  14. Employee Benefits Budget Driver Retirement-ERS Retirement-TRS Social Security Workers Comp Unemployment Health Waiver Medicare Reimb Health Insurance Dental/Other Compensated Absences Total Benefits 2022-23 192,827 835,377 747,000 15,000 10,000 101,000 242,740 3,676,618 86,700 90,000 5,997,262 2023-24 218,087 835,377 790,093 18,000 10,000 109,289 275,012 3,775,120 86,700 90,000 6,207,678 2024-25 251,236 835,377 813,043 18,000 10,000 115,000 287,324 4,464,694 99,042 99,000 6,992,716 (+12.65%) 14

  15. BUDGET DRIVERS 15 Budget Driver 2023-24 2024-25 Change 10,121,341 10,577,655 4.5% ($456,314) Salaries 6,124,678 6,900,716 12.67% ($776,038) Benefits 890,899 1,226,777 37.7% ($335,878) Transportation* CPI = % Increase 1,616,405 1,900,798 17.59% ($284,393) Debt Service - TAN- (at an estimated 5.25% rate) BAN- (at an estimated 4.5% rate) and Principal Repayment. Of $375,000. Boces Regular Services - includes Occ. Ed., EAP, Erate, Cross-Contracts for needed services such as Transfinder, Cooperative Purchasing, Olas, Frontline/AESOP, Off-site IT Services, STAC. 1,372,307 1,486,617 8.3% ($114,310) 172,452 205,691 19.27% ($33,239) Equipment Totals (Not full budget) 20,298,082. 22,298,254. 9.85% ($2,000,172)

  16. REVENUES Budget Driver 2023-2024 2024-2025 Change 17,626,902 20,088,357 +$2,461,454 (+13.96%) Tax Levy - Includes STAR from NYS 117,539 130,835 Pilots - Payments in lieu of taxes +$13,296 (+11.31%) 3,216,903 3,243,964 State/Federal Aid +$27,061 (+.84%) 105,000 105,000 Other-Shared/Sports 0 406,540 195,584 -$210,956 (-51.89%) Interest/Miscellaneous 332,928 628,613 Use of Reserves +$295,685 (+88.81%) 440,000 440,000 0 Designated Fund Balance 1,464,063 1,262,633 Tuition -$201,430 (-13.76%) Subtotal - 23,709,875 26,094,986 +$2,385,110 (+10.06%) 16

  17. BUDGET SUMMARY Budget Driver 2023-24 2024-25 Difference % Change Total Expense Budget 23,709,875 26,094,986 2,385,110 10.06% increase Total Revenue Budget (Balances to the Expense Budget) 23,709,875 26,094,986 2,385,110 10.06% increase Tax Levy Increase 17,626,902 20,088,357 2,461,454 13.96% increase 17

  18. PROPERTY TAX CAP NYS Allowable Levy Growth Factor issued to all School Districts is 2.0% Tax Base Growth Factor is 1.0057% compared to last years 1.0175% (based on sales and new construction) Consumer Price Index (CPI) is currently @ 4% as of 01-31-2024 Tax Levy Increase estimated to be 13.96% compared to last years 6.50% Reason is our Capital Construction Project - NYS allows for us to have the ability to pay it back the $17.1 million borrowed money 18 with principal and interest when completed.

  19. Tax Cap Calculation 24-25 Tax Levy 2023-24 6.5% $17,626,902 Tax Base Growth Factor 1.0057% +$100,474 Add: PY Pilot +$117,539 Minus: PY Capital Exclusions -$1,446,783 Minus: Pilot Payments -$130,835 Levy Growth Factor 1.02% +$327,962 Add: Capital Exclusions +$4,255,363 Maximum Allowable Tax Levy 24-25 $20,850,622 Allowable Tax Levy Increase 18.3% +$3,223,720 19

  20. Upcoming Budget Development Process March 19, 2024 Presentation #3: Tax Cap Calculation, Capital Exclusions Expenses and Revenues Update April 16, 2024 Presentation #4: Voter Registration, 2:00 p.m. to 6:00 p.m. Greenport Schools Budget Adoption Anticipated Floyd Memorial Library Budget Presentation May 14, 2024 Presentation #5: Voter Registration, 2:00 p.m. to 6:00 p.m. Greenport Schools Budget Hearing May 21, 2024 Budget Vote & Election 20

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