2023-24 Property Tax Report Card 261901 - Webster Central School District
Contact Person:
Brian Freeman
Telephone Number:
585-216-0017
Budgeted 2022-23 (A)
Proposed Budget 2023-24 (B)
Percent Change (C)
Total Budget Amount, Not Including Separate Propositions
195,813,457
204,438,730
A. Proposed Tax Levy to Support the Total Budgeted Amount 1
116,818,533
119,660,800
B. Tax Levy to Support Library Debt, if Applicable
0
0
C. Tax Levy for Non-Excludable Propositions, if Applicable 2
0
0
D. Total Tax Cap Reserve Amount Used to Reduce Current Year Levy, if Applicable
0
0
E. Total Proposed School Year Tax Levy (A + B + C - D)
116,818,533
119,660,800
F. Permissible Exclusions to the School Tax Levy Limit
3,452,168
2,964,185
G. School Tax Levy Limit , Excluding Levy for Permissible Exclusions 3
113,966,365
116,696,615
H. Total Proposed Tax Levy for School Purposes, Excluding Permissible Exclusions and Levy for Library Debt, Plus Prior Year Tax Cap Reserve (E - B - F + D)
113,366,365
116,696,615
600,000
0
8,300
8,200
(G - H); (negative value requires 60.0% voter approval) Public School Enrollment Consumer Price Index
4.40%
2.43%
-1.20% 8.00%
Actual
Estimated
2022-23 (D)
2023-24 (E)
Adjusted Restricted Fund Balance
39,308,404
45,970,000
Assigned Appropriated Fund Balance
5,500,000
5,500,000
Adjusted Unrestricted Fund Balance
5,983,258
8,177,549
3.06%
4.00%
Adjusted Unrestricted Fund Balance as a Percent of the Total Budget
Schedule of Reserve Funds
Reserve Type and Name* Capital
Retirement Contribution
TRS Sub Fund
Reserve Description To pay the cost of any object or purpose for which bonds may be issued. To fund employer retirement contributions to the State and Local Employees’ Retirement System To fund employer retirement contributions to the Teacher's Retirement System
Workers’ Compensation
To pay for Workers Compensation and benefits.
Unemployment Insurance
To pay the cost of reimbursement to the State Unemployment Insurance Fund.
Mandatory Reserve for Debt Service
To cover debt service payments on outstanding obligations (bonds, BANS) after the sale of district capital assets or improvements. To establish and maintain a program of reserves to cover liability claims incurred. To establish a reserve for the express purpose for cyber security related claims
3/31/23 Actual Balance
6/30/23 Estimated Ending Balance
Intended Use of the Reserve in the 2023-24 School Year
$10,682,838
$12,500,000
Hold for future capital projects
$8,805,786
$9,000,000
Hold for future spikes in yearly costs in the system
$2,858,889
$3,500,000
$4,046,514
$5,000,000
Hold for future spikes in yearly costs in the system Hold for future spikes in yearly costs and to cover Websters' share of consortium deficit
$1,218,525
$1,220,000
Hold for any potential future layoffs
Hold for any future principal debt payments Fund unbudgeted liability Liability claims that insurance will $3,318,008 $4,000,000 not cover Fund excessive costs for Insurance cybersecurity that $0 $2,000,000 insurance will not cover Fund unbudgeted tax To establish a reserve fund for tax Tax Certiorari settlements against the certiorari settlements $4,178,299 $4,500,000 district For the payment of accrued ‘employee Fund accumulated Employee Benefit Accrued Liability benefits’ due to employees upon vacation time for retiring $1,033,606 $1,050,000 termination of service. employees * Note: Only reserves utilized by Webster CSD are listed and not all reserves that are availble under General Municpal Law or Education Law $3,165,939
$3,200,000