2022-23 Property Tax Report Card 261901 - Webster Central School District Contact Person: Brian Freeman
Budgeted
Proposed Budget
Percent
Telephone Number:
2021-22
2022-23
Change
(A)
(B)
(C)
Total Budget Amount, Not Including Separate Propositions
188,814,445
195,813,457
A. Proposed Tax Levy to Support the Total Budgeted Amount 1
114,626,807
116,818,533
B. Tax Levy to Support Library Debt, if Applicable
0
0
C. Tax Levy for Non-Excludable Propositions, if Applicable 2
0
0
585-216-0017
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)
114,626,807
116,818,533
F. Permissible Exclusions to the School Tax Levy Limit
4,123,338
3,452,168
G. School Tax Levy Limit , Excluding Levy for Permissible Exclusions 3
114,626,807
113,966,365
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)
114,626,807
113,366,365
0
600,000
8,400
8,300
(G - H); (negative value requires 60.0% voter approval) 2 Public School Enrollment
3.71%
1.91%
-1.19%
Consumer Price Index
4.70%
Actual
Estimated
2021-22
2022-23
(D)
(E)
Adjusted Restricted Fund Balance
30,089,874
32,700,000
Assigned Appropriated Fund Balance
5,500,000
5,500,000
Adjusted Unrestricted Fund Balance
5,983,258
7,832,538
3.17%
4.00%
Adjusted Unrestricted Fund Balance as a Percent of the Total Budget
Reserve Type and Name*
Schedule of Reserve Funds 3/31/22 Actual Reserve Description Balance
6/30/22 Estimated Ending Balance
Intended Use of the Reserve in the 2022-23 School Year Hold for future capital projects
Capital
To pay the cost of any object or purpose for which bonds may be issued.
$6,632,917
$7,000,000
Retirement Contribution
To fund employer retirement contributions to the State and Local Employees’ Retirement System
$7,764,043
$8,000,000
TRS Sub Fund
To fund employer retirement contributions to the Teacher's Retirement System
$1,812,621
Use $500,000 for 202223 Billing
$2,250,000
Hold for future spikes in yearly costs in the system
Workers’ Compensation
To pay for Workers Compensation and benefits.
$3,027,433
$3,500,000
Hold for future spikes in yearly costs and to cover Websters' share of consortium deficit
Unemployment Insurance
To pay the cost of reimbursement to the State Unemployment Insurance Fund.
$1,212,723
$1,220,000
Hold for any potential future layoffs
To cover debt service payments on outstanding obligations (bonds, BANS) after the sale of district capital assets or Mandatory Reserve for Debt Service improvements.
Liability
To establish and maintain a program of reserves to cover liability claims incurred.
Tax Certiorari
To establish a reserve fund for tax certiorari settlements
For the payment of accrued ‘employee benefits’ due to employees upon termination Employee Benefit Accrued Liability of service.
Hold for any future principal debt payments $3,155,966
$1,802,489
$3,658,498
$1,028,684
$3,200,000
$2,500,000
Fund unbudgeted liability claims that insurance will not cover
$4,000,000
Fund unbudgeted tax settlements against the district
$1,030,000
Fund accumulated vacation time for retiring employees
* Note: Only reserves utilized by Webster CSD are listed and not all reserves that are availble under General Municpal Law or Education Law