2021-2022 Budget Proposal

Staffing Changes

Positions new to 2021-22 budget

Positions created in 20-21

School District Accountant

1 Teacher Aide

3 Teaching Assistants

Personnel Requests/Reductions

Personnel Requests

1 Security Attendant

1 Social Worker in MS

Personnel Reductions

1 Guidance Counselor in MS

All 2020-21 retirements will be replaced

All current positions (filled or open) are included in the 21-22 budget

Summary of CostDescription Cost increase/(decrease)

Personnel Reductions

1 Guidance Counselor (MS) ($61,640.00)

Sub-total reductions ($61,640.00)

Personnel Requests

1 MS Social Worker $61,000.00

1 Security Attendant $30,000.00

Sub-total requests $91,000.00

Net increase in staffing $29,360.00

2021-2022 Budget

Proposal

2021-2022 Budget Process

Budget Calendar

3-year average budget and expenditure comparison by building/department

Governor’s State Aid Proposal

Tax levy limit

Budget request presentations to Board

Approved State budget with aid projections

Use of Federal stimulus money

GOAL

Keep the Tax levy as low as possible

Budget Proposal

Initial Rollover Budget 2021-2022 $92,686,872

2021-2022 Budget Proposal $91,266,606

Net Reduction from Rollover ($1,420,266)

Net Increase from 2020-2021 budget $733,581

% increase over 2020-2021 budget 0.81%

2021-2022 Expenditure Budget Proposal

Budget Proposal Summary

Description Amount

Salaries $39,384,564

Employee Benefits $20,342,851

Equipment $661,500

Contractual/Purchased Services $7,535,007

BOCES Services $17,903,225

Supplies and Materials $2,310,623

Debt Service/Transfers to Special Aid and Capital $3,128,836

Total Budget Proposal $91,266,606

Salaries43%

Benefits22%

Equipment1%

Purchased Services8%

BOCES20%

Supplies3%

Debt Service/Transfers

3% 2021-2022 Budget Proposal

Salaries

Benefits

Equipment

Purchased Services

BOCES

Supplies

Debt Service/Transfers

2021-2022 Revenue Budget Proposal

Revenue Budget

2020-21

Revenue

Budgeted

Amount

Budget

Proposal

Amount Increase/

(Decrease)

%

Property

Taxes

$44,493,025 Property Taxes $43,576,655 ($916,370) (2.06%)

Other Tax

items

$ 2,508,959 Other Tax

items

$2,386,417 ($122,542) (4.89%)

State Aid $37,260,818 State Aid $40,386,887 $3,126,069 8.39%

Federal Aid $250,000 Federal Aid $250,000 $0 0%

Charges for

Services

$203,500 Charges for

Services

$213,000 $9,500 4.67%

Interest on

Investments

$180,000 Interest on

Investments

$60,000 ($120,000) (66.67%)

Refund of

prior year

BOCES

$1,800,000 Refund of prior

year BOCES

$2,200,000 $400,000 22.22%

Miscellaneous $199,625 Miscellaneous $193,647 ($5,978) (2.99%)

Transfer from

Debt Service

$937,098 Transfer from

Debt Service

$0 ($937,098) (100.0%)

Appropriated

Fund Balance

$2,700,000 Appropriated

Fund Balance

$2,000,000 ($700,000) (25.93%)

Total $90,533,025 Total $91,266,606 $733,581 0.81%

Property Taxes49%

State Aid44%

Federal Aid0%

Other tax items3%

Charges for services

0%

Interest0%

BOCES Refund

2%

Misc0% Appropriated Fund

Balance2%

PROPOSED REVENUE BUDGET

Tax Levy or Tax Rate – What is the

difference?

Tax Levy

The tax levy is the total amount of money the district will raise from taxes

The amount is limited by the tax levy cap calculation

Tax Rate

The tax rate is determined by apportioning the tax levy to each township in the district based on equalized assessed values

The assessors in each town determine each properties assessment

The NYS Department of Taxation’s Equalization and Assessment Office determines how close to 100% of full value each town assesses its properties at and assigns an equalization rate

How do equalization rates affect the tax

rate?

Example 1 ABC Town total assessed value $1,000,000,

equalization rate 85%

XYZ Town total assessed value

$1,000,000,equalization rate 100%

Tax levy $100,000

The equalization rate is applied to the assessed

values to get the full value of the properties in the town

ABC town full value $1,176,471

ABC town tax rate = $5.4054

ABC town apportioned levy = $54,054

XYZ town full value $1,000,000

XYZ town tax rate = $4.5946

XYZ town apportioned levy = $45,946

Example 2 ABC Town total assessed value $1,000,000,

equalization rate 80%

XYZ Town total assessed value $1,000,000,equalization rate 95%

Tax levy $100,000

The equalization rate is applied to the assessed values to get the full value of the properties in the town

ABC town full value $1,250,000

ABC town tax rate = $5.4286

ABC Town apportioned levy = $54,286

XYZ town full value $1,052,632

XYZ town tax rate = $4.5714

XYZ town apportioned levy = $45,714

District Historical Information

Year Budget %

increas

e

Tax levy % increase/

(decrease) over

prior year

Tax levy as a %

of total revenue

2021-22

proposed

$91,266,606 0.81% $43,576,655 (2.06%) 47.75%

2020-21 $90,533,025 (0.76%) $44,493,025 1.12% 49.15%

2019-20 $91,227,073 1.56% $44,000,000 0.802% 48.23%

2018-19 $89,826,369 5.307% $43,650,000 0.740% 48.59%

2017-18 $85,299,550 1.379% $43,330,000 0.100% 50.80%

2016-17 $84,139,614 1.877% $43,287,000 1.650% 51.45%

2015-16 $82,589,275 0.708% $42,584,228 (5.088%) 51.56%

2014-15 $83,178,573 $44,866,909

Budget and Tax Levy

Fund Balance Projection

PROJECTION

2021 2022 %∆ 2023 %∆ 2024 %∆ 2025 %∆ 2026 %∆

REVENUE

Local $49,416,750 $48,629,719 -1.59% $48,937,414 0.63% $49,451,073 1.05% $49,970,773 1.05% $50,470,480 1.00%

State 36,258,636 40,386,887 11.39% 42,002,362 4.00% 44,262,433 5.38% 46,758,353 5.64% 48,628,687 4.00%

Federal 515,704 250,000 -51.52% 250,000 0.00% 250,000 0.00% 250,000 0.00% 250,000 0.00%

Transfers / Other 937,098 -100.00% 0 0 0 0

TOTAL REVENUE 87,128,188 89,266,606 2.45% 91,189,776 2.15% 93,963,506 3.04% 96,979,126 3.21% 99,349,167 2.44%

EXPENDITURES

Salary and Benefit Costs 57,475,000 59,727,415 3.92% 61,105,716 2.31% 62,517,686 2.31% 63,964,181 2.31% 65,446,081 2.32%

Other 30,041,127 31,539,191 4.99% 32,111,551 1.81% 32,696,790 1.82% 33,295,196 1.83% 33,907,066 1.84%

TOTAL EXPENDITURES 87,516,127 91,266,606 4.29% 93,217,267 2.14% 95,214,476 2.14% 97,259,377 2.15% 99,353,147 2.15%

SURPLUS / DEFICIT (387,939) (2,000,000) (2,027,491) (1,250,970) (280,251) (3,980)

BEGINNING FUND BALANCE 9,409,192 9,021,253 7,021,253 4,993,761 3,742,791 3,462,540

PROJECTED YEAR END BALANCE $9,021,253 $7,021,253 $4,993,761 $3,742,791 $3,462,540 $3,458,560

UNAPPROPRIATED FUND BALANCE AS % OF

EXPENDITURES10.31% 7.69% 5.36% 3.93% 3.56% 3.48%

FUND BALANCE AS # OF MONTHS OF EXPEND. 1.24 0.92 0.64 0.47 0.43 0.42

General (A) Fund │ Projection Summary

5 year projection

REVENUE / EXPENDITURE PROJECTIONS

Federal Stimulus Funds

Recent Guidance from the NYS Education Department clarified that the 2021-22 enacted NYS Budget included language that federal education stimulus funds received under the Coronavirus Response and Relief Supplemental Appropriations Act and the American Rescue Plan are to be accounted for in the Special Aid Funds, not the General Fund

The District will have to complete an application to NYS informing them on how the funding will be used. Once the application is approved, use of the funds can start.

The District MUST reserve at least 20% of the allocation to address learning loss through the implementation of evidence-based interventions such as:

Summer learning or enrichment, extended day, comprehensive afterschool programs, or extended school year programs, and

Ensure that such interventions respond to students’ academic, social and emotional needs and

Address the disproportionate impact of coronavirus on economically disadvantaged students, children with disabilities, English learners, racial and ethnic minorities, migrant students, student experiencing homelessness and children and youth is foster care.

Federal Stimulus Funds

In addition, the district can use this funding for:

Purchasing supplies to sanitize and clean the facilities

Professional development for staff on sanitation and minimizing the spread of infectious diseases

Implementing activities during long-term closures, including providing meals to eligible students, providing technology for online learning

Purchasing educational technology for students that aids in regular and substantive educational interaction between students and their classroom instructors.

Providing mental health services and supports

School facility repairs and improvements to enable operation of schools to reduce risk of virus transmission and exposure to environmental health hazards

Inspection, testing, maintenance, repair, replacement and upgrade project to improve the indoor air quality in school facilities including mechanical and non-mechanical heating, ventilation and air conditioning systems, filtering, purification and other air cleaning, fans, control systems, and window and door repair and replacement

Questions?

District Historical Information

Enrollment

As of BED’s day Chase Cooke KLR RJK

Middle

Monticello

High School

Total

October 2020 229 483 513 673 890 2791

October 2019 231 567 458 671 863 2790

October 2018 261 590 446 708 867 2872

October 2017 292 563 449 700 873 2877

October 2016 291 566 466 682 854 2859

October 2015 326 597 458 627 915 2923