1. COMMUNITY FORUM ROLL- OVER BUDGET JANUARY 16, 2019

2. TONIGHT’S DISCUSSION What is a Roll-Over Budget ?
Purpose of a Roll-Over Budget
Review Budget Adoption Principles
Current Projections/Assumptions
Revenues
Expenditures
Implications of 2019–20 Roll-Over Budget
Budgeting Options
Budget Timeline

3. What is a Roll-Over Budget ?
Comparison of current revenue to known expenditure (cost) increases

4. Roll-Over Budget defined
A Strategy to Assess the Future Cost of Current Resources Compared to Current Revenues by:
Projecting costs with current staffing and expenditure levels
Updating expenditures to reflect contractual increases “Trended”
Revenues remain at existing levels (no increases)
Existing Revenues are compared to “trended” expenditures to determine feasibility of maintaining current staffing and expenditure levels.

5. Purpose of a Roll-over Budget
Establish baseline budget for identifying requirements for budget reductions, or opportunities for developing new initiatives
Analyze, and understand the impact of the Governor’s State Aid proposals
January 30

6. Budget Adoption Principles
Fulfillment of District’s Mission
Contain Taxes
Position Budget for Future (short & long term)
Prudent Use of Reserves
Decisions regarding utilization and funding of reserves focusing on a long-term perspective.
Assessing new reserves for stability.
Technology Reserve –
Smart Schools Bond Act Replacements
1:1 Technology

7. Revenue assumptions Revenue at Prior Year Levels
Estimated CPI Projected Rate for NYS Tax Cap Calculation 2%
(not finalized by NYS)

8. Revenues REVENUE STREAMS 2018-19 BUDGET 2019-20 ROLLOVER BUDGET %
CHANGE
PROPERTY TAX
$ 14,342,012 -
STATE AID
11,966,646
FEDERAL AID
18,088
MISCELLANEOUS
1,961,408
INTERFUND TRANSFERS
29,452
APPROPRIATED FUND BALANCE
586,141
RESERVES
1,186,383
$30,090,130

9. Expenditure assumptions
SUPPORT STAFF SALARIES %
TEACHING STAFF SALARIES %
HEALTH INSURANCE %
UNEMPLOYMENT %
UTILITIES %
INSURANCE %
SUPPLIES %
BOCES %
These are predictable expenditure increases, others will occur during the budget process.

10. Expenditures 2018-19 BUDGET 2019-20 ROLLOVER BUDGET % CHANGE
GENERAL SUPPORT
$ ,045,806
$ ,246,206
4.95%
INSTRUCTION
15,374,613
16,213,280
5.45%
TRANSPORTATION
2,104,017
2,164,233
2.86%
CIVIC ACTIVITIES
11,000
28,700
160.91%
EMPLOYEE BENEFITS
6,720,777
7,227,690
7.54%
DEBT SERVICE
1,653,417
0.00%
INTERFUND TRANSFER
180,500
TOTAL EXPENDITURES
$ ,090,130
$ ,714,026
5.40%

11. Implications of 2019–20 Roll-over Budget
Total Revenues $ 30,090,130
Total Expenditures ,714,026
Budgetary Gap to fill $ (1,623,896)
Projections are 18 months in advance of operations.

12. Budgeting Options Expenditure Reductions Increase Revenues
Faculty and staff analyses – Potential retirements and reductions
Increase Revenues
Utilization of District Reserves
Combination of all of the above

13. Budget Timeline
January 30 – BOE Meeting - Buildings & Grounds, Utilities, and Debt Service
February 13 – Community Forum – Public Input
BOE Meeting - GLP, EES, Curriculum, Sr. High, Middle and Revenue
February 27 – BOE Meeting - Transportation, Athletics and Tax Cap
March 6 – BOE Meeting - Special Education, Technology, BOCES, Staffing and Benefits
March 20 – Community Forum - Presentation of Draft Budget
April 16 – Budget Adoption by Board of Education
May 7 – Community Budget Presentation
May 21 – Budget Vote

14. Questions