1. ELDRED CENTRAL SCHOOL DISTRICT
PRELIMINARY BUDGET REVIEW

2. PROJECTED REVENUES
REAL PROPERTY TAXES - $10,429,023; an increase of $307,491 or 3.04% as per Property Tax Cap Report submitted to SED;
STATE AID - $5,725,608; decrease of $492,934; as per initial projections;
OTHER REVENUES - $523,850
TOTAL REVENUE BUDGET - $16,678,481
DECREASE UNDER $493,691 or 2.87%

3. Overview Figures are preliminary; NYS Budget due by April 1st;
No use of unencumbered fund balance and reserves;
Decrease in State Aid Projections, historically overestimated;
No major equipment sales;
Increased Real Property Taxes by 3.04%.

4. 2018-19 BUDGET EXPENSE HIGHLIGHTS
GENERAL SUPPORT SALARIES - Contractual Increases, Reduction in Spending on Superintendent and District Treasurer. Expenses remain flat.
GENERAL SUPPORT OTHER – Expenses increased 2.6% to align the budget with actual results. Other expenses held flat.
INSTRUCTIONAL SALARIES – Eliminated 11 Positions at an estimated 538,337 reduction in expenditures. Increased remaining salaries at 3%.
INSTRUCTIONAL OTHER – Reduced Athletic Department Budget by $20,000. Reduction in BOCES Services through elimination of the CSE Chair service. Other expenses held flat.

5. 2018-19 BUDGET EXPENSE HIGHLIGHTS
TRANSPORTATION SALARIES – Increased Salaries 3%, Reduced Field Trips for the School Year.
TRANSPORTATION OTHER – Expenses increased 1% for inflation;
EMPLOYEE BENEFITS – increase in health insurance premiums anticipated to be 7%. Reductions in ERS/TRS, Social Security/Medicare, and Health Insurance, due to reduction in force, are estimated at $455,930
DEBT SERVICE – No new debt issued. Payments made according to bond amortization.

6. 2018-19 BUDGET EXPENSE HIGHLIGHTS
Overall expenditures decreased $580,963 compared to prior fiscal year. Allowing us to begin replenishing the fund balance.
Cafeteria prices will be increased to create a more sustainable food program.