2022-23 Budget Workshop #3.pdf

Budget Workshop #3 Webster CSD April 5, 2022

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Agenda State Aid Updates

Additional Revenues

Foundation Aid Updates ❏ Expense Based Aids ❏ UPK

❏

❏

Other major revenue sources

Budget Updates ❏ ❏

Instructional Changes Other Expenditure Changes

1. Foundation Aid Update

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Foundation Aid ➜

What is it? Why the big deal?

-

Started with a court case in 1993 Claimed inadequate funding for NY schools 2003 was upheld by court of appeals Resolved in 2007 with foundation aid plan & formula

Studied spending levels of districts meeting key state assessment standards ➜ Established an average to be funded by local dollars and state dollars ➜ Unrestricted-not tied to a funding purpose ➜ Let’s look at Webster’s historical funding ➜

Fiscal Year

Foundation Aid Allocated

Full Phase-in Level ('Total Foundation Aid')

Variance

2007-08

$22,384,054

$33,147,666

($10,763,612)

2008-09

$26,636,726

$37,584,865

($10,948,139)

2009-10

$26,636,726

$41,856,173

($15,219,447)

2010-11

$26,636,726

$41,815,191

($15,178,465)

2011-12

$26,636,726

$38,358,156

($11,721,430)

2012-13

$26,838,112

$38,482,992

($11,644,880)

2013-14

$26,918,110

$37,485,205

($10,567,095)

2014-15

$27,336,203

$36,618,649

($9,282,446)

2015-16

$27,434,949

$37,357,918

($9,922,969)

2016-17

$27,505,265

$35,887,617

($8,382,352)

2017-18

$28,258,909

$35,521,718

($7,262,809)

2018-19

$28,804,162

$35,225,218

($6,421,056)

2019-20

$29,035,261

$37,321,781

($8,286,520)

2020-21

$29,035,261

$38,970,154

($9,934,893)

2021-22

$31,812,070

$39,613,584

($7,801,514)

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2022-23 Foundation Aid Allocation - County District

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2021-22

2022-23

$ Increase

% Increase

Greece

$72,342,509

$88,078,375

$15,735,866

21.75%

Rush Henrietta

$23,719,656

$29,140,246

$5,420,590

22.85%

West Irondequoit

$19,250,025

$24,196,613

$4,946,588

25.70%

Webster

$31,839,516

$36,659,875

$4,820,359

15.14%

Hilton

$24,738,814

$28,623,882

$3,885,068

15.70%

Pittsford

$11,275,831

$15,114,472

$3,838,641

34.04%

Penfield

$15,886,407

$19,705,413

$3,819,006

24.04%

East Irondequoit

$17,290,165

$20,475,830

$3,185,665

18.42%

Brighton

$10,276,462

$13,203,641

$2,927,179

28.48%

Fairport

$25,072,813

$27,669,134

$2,596,321

10.36%

Churchville-Chili

$23,554,009

$26,062,084

$2,508,075

10.65%

Spencerport

$22,875,760

$25,162,763

$2,287,003

10.00%

Gates Chili

$24,275,849

$26,130,662

$1,854,813

7.64%

Brockport

$28,840,641

$29,705,860

$865,219

3.00%

HFL

$9,084,240

$9,919,948

$835,708

9.20%

East Rochester

$7,036,438

$7,755,911

$719,473

10.22%

Wheatland Chili

$4,578,511

$4,715,866

$137,355

3.00%

2022-23 Foundation Aid Allocation

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2. Expense Based Aid Updates

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10

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Public Excess Cost / Private Excess Cost Aids Governor Estimated - $2,246,227 (September Projected Numbers) ➜ Legislative Estimate - Insert Number (December Database) ➜ Webster Estimate - $1,750,000 - Based on: - Anticipated Enrollment Counts - June 30, 2022 final projection - If a student moves out or in after December that is not updated in State projections - We plan accordingly for that ➜

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State Aid Budget By the Numbers Aid Categories

2021-22 Final State Aid 2022-23 Final State Aid

Variance

Foundation Aid

$31,812,070

$36,659,875

$4,847,805

Excess Cost Aids

$2,050,000

$1,750,000

-$300,000

BOCES Aid

$6,132,305

$6,082,305

-$50,000

Building Aid

$9,011,287

$9,220,768

$209,481

Transportation

$7,000,000

$7,000,000

$0

Instructional Material Aid

$816,976

$816,976

$0

Universal Pre K*

$1,422,900

$1,422,900

$0

Total Aid

$56,822,638

$61,529,924

$4,707,286

*UPK is not included in the total

3. Other Revenues

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Revenue Streams-The other 10% Sales Tax

PILOTS

Fund Balance

Projected to increase as we have seen increases associated with internet sales. Confident the trend will continue to be able to budget more funding.

Payments in Lieu of Taxes are projected to remain stable for next year as well.

Maintain same levels of appropriated fund balance next year.

Reserves

Interest

Miscellaneous

Reduction on the use of reserves.

Interest rates are low and the projection is being adjusted accordingly

Facilities usage revenues, continuing education revenues projected to remain stable

3. Tax Cap Update

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“

Do not raise taxes. In fact, lower them.With all the extra money the school received from the pandemic, it should be able to afford a tax decrease. Parent of Elementary Student(s)

Lower taxes Parent of Elementary and Secondary Student(s)

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2022-23 Tax Levy Limit ➜

➜

➜

$117,418,533 is the levy limit - 2.44% Increase or $2,791,726 over this year Additional state aid & sales tax revenue has left us in an unusual position

- $600,000 of surplus revenue - Allocated to reduce levy $116,818,533 is our new levy - 1.9% Increase - $2,191,726 over this year - What does that do to projected tax rates?

Review the 3 Parts that make up tax rates

Local Assessor

State Controlled

District Controlled

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Webster’s Projected Components Levy ➔ ➔ ➔

Equalization Rates*

Assessments*

➔ Webster + 0.95% $116,768,533 ➔ Webster -70% ➔ Penfield +2.31% 1.91% ➔ Penfield -83% Estimating ➔ Walworth -100% ➔ Walworth +1.58% ➔ Ontario +1.53% $50,000 for ➔ Ontario -100% relevies that are *10 year average for *Projecting Webster & provided in June Penfield to drop by 2% Webster and Penfield from the Median for the Walworth each & Ontario due to recent assessors large increases for reassessments

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“ “100% Guarantee this is an estimate and will change in August” -Brian Freeman April 5, 2022

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Assessed Rates Per Thousand-1.91% Levy Increase Town

2021-22

2022-23

Variance

% Variance

Penfield

22.694474

22.747614

$0.06

0.28%

Webster

26.792067

26.972153

$0.19

0.72%

Ontario

19.569838

19.242579

($0.41)

-2.08%

Walworth

19.569838

19.242579

($0.41)

-2.08%

True Tax Value

19.291312

18.881972

($0.40)

-2.08%

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Resident Savings By Not Going to The Levy Limit

Town

Max Levy 2.44%

Reduced Levy 1.91%

Estimated Savings

% Variance

Penfield

$ 5,044.23

$ 5,016.30

$ 27.93

0.55%

Webster

$ 5,981.01

$ 5,947.90

$ 33.11

0.55%

Ontario

$ 4,266.55

$ 4,243.37

$ 23.18

0.54%

Walworth

$ 4,266.55

$ 4,243.37

$ 23.18

0.54%

4. Final Revenue Numbers

Category

2019-20

2020-21

2021-22

2022-23

Variance

Sales Tax

$7,350,000

$7,350,000

$7,350,000

$8,000,000

$650,000

State Aid

$52,053,183

$53,713,540

$56,822,638

$61,529,924

$4,707,286

$265,000

$265,000

$265,000

$265,000

$0

Interest

$200,000

$200,000

$200,000

$150,000

($50,000)

Payments In Lieu of Taxes (PILOTS)

$1,250,000

$1,250,000

$1,250,000

$1,250,000

$0

Miscellaneous Revenues

$1,725,000

$1,725,000

$1,800,000

$1,800,000

$0

Transfer from ERS Reserve

$2,042,499

$2,042,499

$1,000,000

$500,000

($500,000)

$0

$140,000

$0

$0

$0

Appropriated Fund Balance

$5,500,000

$5,500,000

$5,500,000

$5,500,000

$0

Property Tax Levy

$107,168,590

$111,092,837

$113,426,807

$116,818,533

2,191,726

Total Revenues

$177,554,272

$183,278,876

$188,114,445

$195,813,457

$6,999,012

Transfer from Unemployment Reserve

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Budget Updates

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$195,813,457 Total 2022-23 Budget

$6,999,012 $ Increase over 2021-22

3.71% % Increase over 2021-22

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District

Budget % Increase

Eastside 1

7.24%

Eastside 2

6.51%

Eastside 3

4.87%

Eastside 4

4.65%

Eastside 5

4.23%

Eastside 6

3.85%

Webster

3.71%

Eastside 8

3.03%

Eastside 9

6.24%

Eastside 10

3.13%

Average

4.75%

Median

4.44%

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$0.00 Budget is Balanced!

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April 14 Budget Adoption Approval of Property Tax Report Card / Budget Notice

May 1 Budget Materials Published

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May 3 Budget Hearing

May 17 Annual Budget Vote

July 1 Begin New Fiscal Year

-One final Thought-

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Thanks! Any questions?