Hicksville Public Schools Finance Committee Meeting - Salaries, Benefits, and Expenditure Growth Analysis
Explore the detailed analysis of salaries, benefits, and expenditure growth presented at the Hicksville Public Schools Finance Committee meeting. The data includes projected figures, historical trends, and comparisons with property taxes and state aid. Understand the financial outlook and challenges faced by the school district in managing its budget effectively.
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Presentation Transcript
Finance Committee Meeting Dr. Theodore Fulton, Superintendent of Schools Marcy Tannenbaum, Assistant Superintendent for Business Vito Belcastro, District Auditor Dorinda Spinelli, District Treasurer Hicksville Public Schools November 6th, 2024
SALARIES & BENEFITS (from October 9, 2024 Finance Committee Meeting, updated to reflect minimal contractual increases) $100,000,000 4.3% 4.3% 0.2% 5.2% $90,000,000 7.0% 3.5% $80,000,000 2.1% 3.6% 3.5% $70,000,000 $60,000,000 7.3% $50,000,000 7.3% 8.4% 6.1% $40,000,000 9.7% 5.9% 2.9% 4.6% -1.9% $30,000,000 $20,000,000 $10,000,000 $- Projected 2024/2025 Projected 2025/2026 Projected 2026/2027 2018/2019 2019/2020 2020/2021 2021/2022 2022/2023 2023/2024 Salaries $70,639,702 $73,148,154 $74,700,947 $77,293,497 $82,720,712 $86,994,969 $87,192,653 $90,906,070 $94,777,760 Benefits $29,502,642 $28,933,133 $29,770,756 $31,540,819 $34,614,330 $36,728,582 $39,818,551 $42,724,744 $45,843,048 Salaries are projected using average contractual increases. The actual 3-year trend of salaries increases is higher, at approximately 5.3%, which is inclusive of added positions which will be discussed later in this presentation. 2
SALARIES & BENEFITS GROWTH $6,000,000 7.0% $5,000,000 5.2% 4.3% 4.3% $4,000,000 3.5% $3,000,000 3.6% 3.5% 7.3% 8.4% 9.7% 7.3% $2,000,000 2.1% 6.1% 5.9% $1,000,000 4.6% 2.9% $- 0.2% -1.9% $(1,000,000) Projected 2024/2025 Projected 2025/2026 Projected 2026/2027 2018/2019 2019/2020 2020/2021 2021/2022 2022/2023 2023/2024 Salaries $ Growth $2,399,665 $2,508,452 $1,552,793 $2,592,550 $5,427,215 $4,274,257 $197,684 $3,713,417 $3,871,690 Benefits $ Growth $1,314,021 $(569,509) $837,623 $1,770,063 $3,073,511 $2,114,252 $3,089,969 $2,906,193 $3,118,304 The slide shows the projected growth in dollars. The dip in growth in 2024/2025 is reflective of reduction of Pre-K salaries due to use to CBO s, and retirements, for which many of those positions were not replaced. The future growth is projected assuming no new positions, and only step and contractual rate increases. 3
GROWTH OF SALARIES & BENEFITS vs. PROPERTY TAXES & STATE AID $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- Projected 2024/2025 Projected 2025/2026 Projected 2026/2027 2019/2020 2020/2021 2021/2022 2022/2023 2023/2024 Salaries & Benefits Growth $1,938,943 $2,390,416 $4,362,613 $8,500,726 $6,388,509 $3,287,653 $6,619,610 $6,989,994 Property Taxes & State Aid Growth $3,388,887 $61,956 $6,324,625 $9,075,414 $10,086,890 $5,974,083 $4,706,148 $4,869,709 Salaries and benefits makes up approximately 75% of expenditures. Property taxes & state aid make up approximately 92% of revenues. The projected Growth in these primary revenue sources will be insufficient to cover the projected growth in salaries and benefits. Growth in the remaining 25% of the annual expenditures compounds the shortfall of revenues and widens the gap illustratedabove. 4
EXPENDITURE GROWTH - 10 YEARS 7.5% $170,000,000 8.0% 6.5% 6.4% $160,000,000 6.0% $150,000,000 3.8% 3.7% 4.0% 2.9% $140,000,000 1.7% 1.1% 2.0% 0.1% $130,000,000 0.0% -1.8% $120,000,000 -2.0% $110,000,000 $100,000,000 -4.0% 2014/2015 2015/2016 2016/2017 2017/2018 2018/2019 2019/2020 2020/2021 2021/2022 2022/2023 2023/2024 Expenditures $122,776,32 $120,537,77 $122,568,25 $127,227,01 $131,926,71 $132,051,33 $133,523,19 $142,059,15 $151,275,67 $162,580,36 % Chg 2.9% -1.8% 1.7% 3.8% 3.7% 0.1% 1.1% 6.4% 6.5% 7.5% This slide illustrates the growth ofDistrict actual expenditures, net ofCapital ReserveTransfers over the past 10 years. Expenditure growth was minimal through the 2020-2021 fiscal school year. If the accelerated growth over the past 3 fiscal school years continues, it will be unsustainable. 5
HOW DID WE GET HERE? 6
INCREASES IN STATE AID Fiscal Year 2024-2025 2023-2024 2022-2023 2021-2022 State Aid $31,074,497 $21,799,300 $15,896,122 $12,362,994 Growth in Dollars $9,275,197 $5,903,178 $3,533,128 % Growth 42.55% 37.14% 28.58% $18,711,503 7
HIRING OF NEW STAFF & TEACHER OVERAGES* TOTAL ADDITIONAL STAFF 53.5 25.9 79.4 NEW STAFF AND OVERAGES NEW STAFF OVERAGES TOTAL ADDITIONAL STAFF 2021-2022 16.7 9.3 26 2022-2023 21.4 8.2 29.6 2023-2024 13.4 7.2 20.6 2024-2025 2 1.2 3.2 *An overage is an increase to a 1.0 FTE to cover additional classes 8
TEACHER COVERAGES RATE PER PERIOD $50 $50 $25 $25 $25 YEAR PROVISIONS 10 free 10 free 5 free 5 free 5 free # COVERAGES 11,839.00 9,359.50 10,253.75 8,819.50 5,038.50 TOTAL COST $591,950.00 $468,475.00 $256,368.75 $220,487.50 $134,979.91 2023-2024 2022-2023 2021-2022 2020-2021 2019-2020 9
TEACHER SUBSTITUTES Perm Sub Daily Rate $130.00 $130.00 $125.00 $125.00 Perm Diem Sub Daily Rate $125.00 $125.00 $120.00 $120.00 Total Expensed $1,478,530 $1,670,318 $1,268,860 $1,347,735 YEAR 2023-2024 2022-2023 2021-2022 2020-2021 Substitute Budget $1,178,720 $868,720 $868,720 $866,107 10
ITEMS REMOVED TO BALANCE THE 2024/2025 BUDGET* JOHN DEERE RENTALS INTERFUND TRANSFER TO CAPITAL (HS BATHROOMS) REDUCE MAINTENANCE BUDGET REMOVED HIGH SCHOOL ELECTRONIC SIGN REMOVED DESKTOP REPLACEMENTS REMOVED READNG SPECIALIST REMOVED ADDITIONAL GUIDANCE COUNSELOR REMOVED SECURITY VEHICLE REDUCED TECHNOLOGY BUDGET EQUIPMENT FUNDED THROUGH ARP REDUCE NEARPOD ELIMINATE BRAIN POP REDUCE SUPPLIES 5% $67,200 $200,000 $175,650 $100,000 $267,155 $79,652 $82,042 $40,000 $138,660 $657,733 $20,000 $15,000 $72,300 $1,915,392 *One time expenditures removed from the budget to fund recurring expenditures. 11
UTILIZATIONOF ARRP GRANT FUNDINGTO REDUCE THE 2024-2025 BUDGET* $657,733 RESIDUALFUNDS FORLEARNINGLOSS HMHMATH PROGRAMTHREEYEARS MATHPROGRAM $357,838 FOUNTAS & PINNELL READINGPROGRAM $51,162 SPECIALEDUCATIONEQUIPMENT IPADS, EYE GAZER $27,675 ADA DISHWASHER,WASHINGMACHINE DRYER HOME& CAREERSEQUIPMENT $2,776 SPEECH& HEARING HEARINGEQUIPMENT $8,089 SCIENCEHIGHSCHOOL SPECTROSCOPE $3,000 TECHNOLOGY TECHNOLOGYEQUIPMENT $10,225 SCIENCEMIDDLESCHOOL MICROSCOPE VIEWERS $3,115 TECHNOLOGYMIDDLE SCHOOL TABLE SAW STOP $1,900 FINEARTS ART TABLES $8,400 CO-CURRICULAR EQUIPMENT MARCHINGBAND PODIUM $3,400 YAMAHAVIBRAPHONE $5,700 ATHLETICS HS WRESTLINGROOMMATS $9,000 FITNESSROOMEQUIPMENT $46,000 CURRICULUM HISCOPEPRESS FOR PRE-KCBO'S $24,875 PEARSONCLINICAL $2,594 HIGHSCHOOL CHAIRSFOR TESTING $60,000 REPLACEMENT CHAIRS $30,000 FUNDS REMAINING $1,984 *One time expenditures removed from the budget to fund recurring expenditures. 12
BALANCING THEBUDGET/REDUCING THE DEFICIT STAFFING DID NOT REPLACING ASSISTANT DIRECTOR OF SPECIAL EDUCATION/PPS WHO RESIGNED 10TEACHER RETIREMENTS PROVIDED AN OPPORTUNITY TO RE- ALLOCATE STAFF MULTIPLE STAFFING MEETINGSFROM JANUARY MARCH WERE HELD WITH PRINCIPALS, SUPERVISORSAND DIRECTORSTO ENSUREEFFICIENCIESIN CLASS SIZE AND SECTIONS A SUCCESSFUL RFP FOR PRE-K ALLOWEDCOMMUNITY- BASED ORGANIZATIONSTO RUN A DISTRICT-SUPERVISED PRE-K PROGRAM SAVING THE DISTRICT $1.5 MILLION 13
BALANCING THE BUDGET STAFFING PRE-K TEACHERS FILLED POSITIONS VACATED BY RETIREES 18 FULL TIME TEACHER ASSISTANT POSITIONS IN THE PRE-K PROGRAM WERE RE-ALLOCATED 2 CLERICAL RETIREES WERE NOT REPLACED 2 OPEN FACILITY POSITIONS REMAINUNFILLED RETIREE POSITIONS NOT FILLED ALLOWED FOR REALLOCATION OF RESOURCES PT SPANISH BECAMES FT AT THE HS DISTRICT-WIDE BEHAVIORIST BILINGUAL GRADE 4OCR BILINGUAL GRADE 3EAST KINDERGARTEN ICT ENL SUPPORT THROUGH LLIREADING SPECIALIST 14
