March 9 Budget Workshop Presentation

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?

  • Changes since we last met
    • Revenues
    • Tax Cap Calculation
  • Projected State Aid
  • 2020-2021 Draft 2 Budget

Updates/Changes since we last met

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

Tax Cap

Menands Tax Cap

Projected State Aid

Menands State Aid

Draft 1 Budget

Draft 1 Revenue Budget – 8,990,503
Draft 1 Expenditure Budget – 9,886,074
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

Draft 2 Budget

Draft 2 Revenue Budget – 8,997,588
Draft 2 Expenditure Budget- 10,014,324
Existing Gap – 1,016,736
Gap with Historic Adjustments <151,694>

Historic adjustments have included:

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

What’s included in Draft 2?

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

What to expect when we next meet

  • Updated Projections/Information
  • Draft 3 Budget
  • Updates out of the Legislature and Governors Office

Next Budget Workshop

April 7, 2020