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