Budget Reminders

• We will budget from the perspective what we know to be true in the present moment.
• Though we will be cautiously optimistic about decreases in expenditures or increases in revenue, but we will not make assumptions.

What was expected at this budget workshop?

• Projections
• 2020-2021 Draft 1 Budget
• Tax Cap Calculation if possible
• Information out of the Capital/Governor’s office if available

Governor’s Proposed Budget Aid

 

 

 

 

 

Why the Governor’s proposal is misleading…

 

 

 

 

 

Adjustments to the Governor’s proposal

 

 

 

 

 

Tax Cap: Changes to the calculation for 2020-21

• CES Capital Exclusion
• Information from BOCES not available in a timely manner
• Information from BPD based on some assumptions

Draft 1 Budget

Draft 1 Expenditure Budget = 9,886,074
Draft 1 Revenue Budget = 8,990,503
Existing Gap = 895,571
Gap with Historic Adjustments = (30,529)

Historic adjustments have included:

• $815,042 of Assigned Fund Balance
• $  50,000 transfer from reserves

  This warrants additional conversation.

What is included in Draft 1

• Mandates
• District & Board Goals
• What we might like to do:
  • Athletics
  • Aesthetic, Cosmetic, & Grounds Improvements
  • Items that will not directly impact teaching and learning

Projections

Many outstanding or unknown factors & figures:

• Transportation
• Tuition
• SPED/Annual Review Outcomes
• Kindergarten
• BOCES Final Service Request

What to expect at next budget meeting

• Projections
• Draft 2 Budget
• Tax Cap
• Updates out of the Governors Office
• Detailed Information from BPD

Next Budget Workshop is March 9, 2020.