webster ex sum 2025.pdf

WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK

FINANCIAL EXECUTIVE SUMMARY

For Years Ended June 30, 2025 and 2024

TABLE OF CONTENTS

1

Reserve Analysis

2

3

4

Summary of Other Funds

5

Other Items Reported In Your Audit

6

WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK General Fund - Summarized Balance Sheet June 30, 2025 and 2024 Assets: Cash and Investments Investments Receivables Due from other funds Total Assets

2025 55,818,624 8,153,137 10,457,799 12,367,321 86,796,881

2024 $ 56,772,900 8,508,954 9,948,198 25,847,820 $ 101,077,872

Variance $ (954,276) (355,817) 509,601 (13,480,499) $ (14,280,991)

$

1,311,337 462,714 11,233,420 83,859 9,646,127 3,007,026

$

2,639,246 394,373 32,096,347 52,828 9,119,889 2,684,675

$

$

25,744,483

$

46,987,358

$ (21,242,875)

Workers compensation $ Unemployment cost Employee retirement contribution reserve Teacher Retirement contribution reserve Liabilities Insurance Tax certiorari Capital Employee benefit accrued liability Assigned Encumbrances Appropriated for taxes Unassigned Undesignated fund balance

5,043,202 1,231,696 12,081,396 6,285,597 5,541,945 5,025,572 5,039,360 5,304,133 1,044,629

$

5,024,827 1,227,209 10,049,457 4,768,161 5,023,574 4,010,905 4,522,820 5,279,482 1,040,823

$

$

$

(1,327,909) 68,341 (20,862,927) 31,031 526,238 322,351

171,893 5,500,000

355,562 5,500,000

(183,669) -

8,782,975

7,287,694

1,495,281

Total Fund Balances

$

61,052,398

$

54,090,514

Total Liabilities and Fund Balance

$

86,796,881

$ 101,077,872

$

6,961,884

$ (14,280,991)

1

WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK Reserve Analysis June 30, 2025 Balance Type

07/01/24

Appropriated

Equity

Balance

Reserve

Transfer

06/30/25

Revenue

General Fund Available to help support operating expenses: Employee retirement

$ 10,049,457

$

31,939

Teachers retirement

4,768,161

17,436

Workers compensation

5,024,827

Unemployment

1,227,209

$

-

$

2,000,000

$ 12,081,396

-

1,500,000

6,285,597

18,375

-

-

5,043,202

4,487

-

-

1,231,696

-

-

1,044,629

-

-

5,304,133

Restricted for compensated absences due upon retirement: Employee benefit accrued liability

1,040,823

3,806

Restricted for capital purposes only (subject to voter approval): 2017 Capital reserve

5,279,482

24,651

Restricted for uninsured losses, claims, or judgments: Insurance

4,010,905

14,667

-

1,000,000

5,025,572

Liability

5,023,574

18,371

-

500,000

5,541,945

Tax certiorari

4,522,820

16,540

-

500,000

5,039,360 $ 46,597,530

Total General Fund

$ 40,947,258

$

150,272

$ 4,206,836

$ 2,351,588

$

-

$

5,500,000

$ (2,215,924)

$

186,826

2025-26 $ 1,500,000 1,500,000 $ 3,000,000 5,500,000 $ 8,500,000

2024-25 $ -

Debt Service Fund Debt

$

4,529,326

The District appropriated the following reserves: General Fund Reserve for ERS Reserve for TRS Total Appropriated Reserves Appropriated fund balance Total General Fund Fund Balance and Reserves

$ $

5,500,000 5,500,000

2

WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK General Fund - Revenue Summary For Years Ended June 30, 2025 and 2024

Year 2025: Real property taxes and tax items Non property taxes (sales) Charges for services Use of money and property Sale of property and compensation for loss Miscellaneous State sources Federal sources Total Year 2025

Year 2024: Real property taxes and tax items Non property taxes (sales) Charges for services Use of money and property Sale of property and compensation for loss Miscellaneous State sources Federal sources Total Year 2024

Budget (Amended) $ 124,859,680 8,000,000 415,000

Actual $ 124,723,372 10,483,004 641,364 4,109,871

Variance $ (136,308) 2,483,004 641,364 3,694,871

1,800,000 70,431,390 -

56,640 1,391,962 75,601,667 436,148

56,640 (408,038) 5,170,277 436,148

205,506,070

$ 217,444,028

$

Budget (Amended) $ 120,910,800 8,000,000 415,000

Actual $ 120,694,376 10,468,990 321,456 4,260,565

Variance $ (216,424) 2,468,990 321,456 3,845,565

1,800,000 67,812,930 -

67,388 1,961,191 74,073,206 284,209

67,388 161,191 6,260,276 284,209

198,938,730

$ 212,131,381

$

$

$

11,937,958

13,192,651

3

WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK General Fund - Expenditure Summary For Years Ended June 30, 2025 and 2024

Year 2025 General support

$

Instruction

Budget

Actual With

(Amended)

Encumbrances

19,355,182

$

19,290,806

Variance $

64,376

112,043,611

111,523,545

520,066

Transportation

8,989,723

8,882,245

107,478

Community services

1,214,781

1,199,308

15,473

Benefits

55,185,159

55,184,957

202

Debt service

13,960,110

13,960,110

-

Transfers

613,066

613,066

-

Total Year 2025

$

Year 2024 General support

$

Instruction

211,361,632

$

210,654,037

Budget

Actual With

(Amended)

Encumbrances

17,135,407

$

17,115,767

$

707,595

Variance $

19,640

110,709,462

108,556,198

2,153,264

Transportation

7,985,090

7,967,736

17,354

Community services

1,000,171

1,000,170

1

Benefits

51,969,105

51,969,104

1

Debt service

18,417,552

18,417,552

-

Transfers

10,342,903

10,342,903

-

Total Year 2024

$

217,559,690

$

215,369,430

$

2,190,260

4

WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK

Summary of Other Funds For Years Ended June 30, 2025 and 2024 School Lunch Fund balance, beginning Revenue in excess of expenses Fund balance, ending Miscellaneous Special Revenue Fund balance, beginning Expenses in excess of revenues Fund balance, ending Special Aid Fund balance, beginning Revenue Expenditures Transfers Fund balance, ending Debt Service Fund balance, beginning Earnings Expenses Premium on obligations issued Transfers - in Fund balance, ending Capital Projects Fund balance, beginning Revenues Expenses Proceeds from obligations BANs redeemed from appropriations Transfer-in Transfer-out Fund balance, ending

$

2025 2,102,950

$

2024 2,834,081

$

(919,508) 1,183,442

$

(731,131) 2,102,950

$

2025 185,278

$

2024 199,278

$

(32,140) 153,138

$

(14,000) 185,278

$

$ $

$ $

$

2025 732,576 8,693,163 (8,951,749) 299,785 773,775 2025 4,206,836 135,633 (2,215,924) 2,215,955 186,826 4,529,326 2025 (25,479,404) (11,022,587) 29,981,988 2,105,000 313,281 (186,826) (4,288,548)

$

$ $

$ $

$

2024 433,587 8,489,544 (8,433,458) 732,576 2024 3,919,454 95,336 (1,998,421) 2,190,467 4,206,836 2024 (50,734,857) 1,561,988 (8,181,535) 19,885,000 1,890,000 10,100,000 (25,479,404)

5

WEBSTER CENTRAL SCHOOL DISTRICT, NEW YORK OTHER ITEMS REPORTED IN YOUR ENTITY - WIDE FINANCIAL STATEMENTS June 30, 2025

Statement of Net Position ASSETS Cash and cash equivalents Investments Accounts receivable Inventories Net pension asset Capital Assets: Land Work in progress Other capital assets (net of depreciation) TOTAL ASSETS DEFERRED OUTFLOWS Deferred outflow of resources LIABILITIES Current liabilities Long-Term Obligations: Due in one year Due in more than one year TOTAL LIABILITIES DEFERRED INFLOWS Deferred inflow of resources NET POSITION Invested in capital assets, net of related debt Restricted For:

2025 $

$

2,147,912 21,114,168 192,459,105 307,778,454

$

39,683,125

$

16,337,877

$

12,895,178 361,590,176 390,823,231

$

122,868,288

$

101,387,621

$

12,081,396 6,285,597 33,094,990 (319,079,544) (166,229,940)

$

220,884,339

Reserve for employee retirement system Reserve for teacher retirement system Other purposes

Unrestricted TOTAL NET POSITION *

Total actuarial accrued liability for retiree health benefits (OPEB)

56,882,281 8,153,272 14,327,157 130,623 12,563,936

6