new lebanon csd 2020-21 budgetnew lebanon csd 2020-21 budget leslie whitcomb –superintendent kevin...

JUNE 2, 2020

New Lebanon CSD2020-21 Budget

Leslie Whitcomb – Superintendent

Kevin Fottrell – Business Administrator

Budget Concerns

State Aid 3 dates to revise aid

April 30

June 30

December 31

Pandemic Adjustment

-$99,552

Foundation Aid

$0 Increase

Goals Set by the Board of Education

▪ Stay within the tax cap

▪ Maintain Quality Programs and Facilities

▪ Meet Mandated Requirements

Budget Summary

2019-20 2020-21 Difference%

Change

Budget $12,480,879 $12,764,051 $283,172 2.2%

Revenue $3,733,072 $3,850,143 $117,071 3.1%

FundBalance

$325,218 $421,319 $96,101 29.5%

Levy Amount

$8,422,589 $8,492,589 $70,000 0.8%

o BEGAN 9 YEARS AGO

o 2% CAP ON LEVY (NOT BUDGET)

o EXEMPTIONS ALLOW FOR LEVY GREATER THAN 2%

What is Property Tax Cap?

Tax Cap

If the tax levy is below the amount

The budget is approved with 50% + 1

Our Tax levy is 0.8%

Prior Year Tax Levy$8,422,589

Tax Base Growth Factorx

1.0001$8,423,431

Prior Year PILOT+$0

$8,723,431Prior Year Exemptions (Capital Expenditures)

-$550,256

Adjusted Prior Year Levy$7,873,175

Allowable Growth Factor ( lesser of CPI or 2%)x

1.0181$8,015,680

PILOTS for Coming Year+$0

Capital Exclusion for 2020-21+

$484,280Maximum Allowable Levy

$8,499,9600.92%

Two Main Components Assessments

Equalization Rates

Determines Each Town’s Piece of the Pie

Out of the District’s Control

Other School Tax Factors

Budget Summary

2019-20 2020-21 Change

Instruction $4,340,626 $4,328,331 -$12,295

Special Education $1,046,859 $1,122,303 $75,444

Employee Benefits $4,122,570 $4,327,680 $205,110

Information Technology $207,450 $212,500 $5,050

General Support $815,153 $850,537 $35,384

Operations and Maintenance $922,442 $855,000 -$67,442

Co-Curricular and Athletics $189,400 $191,900 $2,500

Transportation $836,380 $875,800 $39,420

Debt Service $560,500 $729,500 $169,000

Interfund Transfers $248,000 $55,000 -$193,000

Total Expenditures $12,480,879 $12,764,051 $277,974

6.7%3.7%

3.0%

33.9%

8.8%

1.5%

1.7%

6.9%

33.9%

Budget Break out General Support

Operations

Maintenance

Instructional

SPED

Co Curr / Sports

Tech

Trans

Undisclosed Emp Bene

Revenue Summary

2019-20 2020-21 Change

Local Sources $552,000 560,395 $8,395

State Aid $3,131,072 $3,239,748 $108,676

Federal Aid $50,000 $50,000 $0

Fund Balance $325,218 $421,319 $96,101

Property Taxes $8,422,589 $8,492,589 $70,000

Total $12,480,879 $12,764,051 $283,172

75.5%

10.7%

13.8%

.

Program

Administrative

Capital

Component Amount Percentage

Program $9,632,514 75.5%

Administrative $1,370,537 10.7%

Capital $1,761,000 13.8%

Total $12,764,051 100%

3 Part Budget

Budget Summary

2019-20 2020-21 Difference % Change

Budget $12,480,879 $12,764,051 $283,171 2.2%

Revenue $4,058,290 $4,271,462 $213,172 5.2%

Levy Amount $8,422,589 $8,492,589 $70,000 0.8%

$11,100,000

$11,300,000

$11,500,000

$11,700,000

$11,900,000

$12,100,000

$12,300,000

$12,500,000

$12,700,000

$12,900,000

$13,100,000

Historical Budget Spending NLCSD

$12,764,051$12,901,428

$7,000,000

$7,100,000

$7,200,000

$7,300,000

$7,400,000

$7,500,000

$7,600,000

$7,700,000

$7,800,000

$7,900,000

$8,000,000

$8,100,000

$8,200,000

$8,300,000

$8,400,000

$8,500,000

2012 13 2013 14 2014 15 2015 16 2016 17 2017 18 2018 19 2019 20 2020 21

Tax Levy

Tax Levy

Historical Property Taxes

Program Adjustment

ADD 1.0 FTE SCHOOL PSYCHOLOGIST

REDUCE 1.0 FTE ELEMENTARY TEACHER

REDUCE 0.4 FTE HS BUSINESS TEACHER

Questions

Vote on District Spending Plan

$12,764,051

Proposition 1Budget

Two open seats:

Two seats for 3 year terms

Richard Sime

Sharon Putnam

Board of Education Election

Absentee Ballot OnlyBudget Vote & School Board Election

Must be Received by USPS5:00 pm Tuesday June 9, 2020