2025-26 Budget Workshop #3 (1).pdf

Budget Workshop #3 April 8, 2025

Agenda ✓ State Budget Updates ✓ State Aid Categories ✓ Tax Rate Projections ✓ Other Revenues ✓ Questions

Foundation Aid Updates 24-25 Budget

24-25 Actual

Gov 25-26

Assembly

Senate

$46,970,050

$46,688,815

$47,622,591

$48,042,791

$48,089,479

Late Budget for 24-25 created this gap

2.9%

✓ So what number do we go with for a late budget? ✓ All signs point to a 3% increase for foundation aid ✓ Comfortable putting that number down as the difference between the 2.9% and 3% is $46,689

3%

County Foundation Aid Numbers

Expense Based Aids ✓ Funding Based on ○ 2024-25 Enrollment and/or 2024-25 expenditures when reported in fall of 2025 ✓ Legislative Projections only matter for Foundation Aid ○ No formula changes ○ Final projection with our data is the best bet ✓ State Aid makes up 33% of all revenue for the district

Transportation Aid Governor’s

Legislative

Final

$8,034,793

Not Available @ This Time!

$7,100,000

✓ Aid Ratio going from .692 to .685 ✓ Final aid is based on June 30, 2025 expenditures reported in Fall of 2025 ✓ Projecting to have an increase in expenditures that will make up the lower aid ratio difference

BOCES Aid Governor’s

Legislative

Final

$6,440,176

Not Available @ This Time!

$6,100,000

✓ Aid Ratio going from .647 to .639 ✓ Final aid is based on June 30, 2025 expenditures reported in Fall of 2025 ✓ BOCES expenditures are trending to finish the year higher especially on the technology side ✓ This will make up the lower aid ratio difference and increase the overall aid number from last year

Building Aid Governor’s

Legislative

Final

$6,070,414

Not Available @ This Time!

$8,417,891

✓ Building Aid is based on submission of Final Cost Reports ✓ Governor’s projections are based on October 15, 2024 Final Cost Reports that have been filed with SED ✓ Actual aid paid is based on Final Cost Reports as of June 30, 2026 ✓ Almost 15 months more to report project expenditures to finalize total building aid ✓ Budget amount is our estimate based on construction timelines and final closeout of project paperwork that is required

Excess Cost Aid Governor’s

Legislative

Final

$1,912,856

Not Available @ This Time!

$1,900,000

✓ Aid Ratios going from .561 /.871 to .541/.865 respectively for both public and private excess cost categories ✓ Public excess cost is aid for students enrolled in BOCES or in-house programs ✓ Private excess cost aid is for students enrolled at specialized programs that are run by state approved private programs

April 8, 2025

Instructional Materials Aid Governor’s

Legislative

Final

$798,185

Not Available @ This Time!

$795,000

✓ Textbook - $58.25 per student x enrollment ✓ Library - $6.25 per student x enrollment* ✓ Hardware - $24.20 per student (then multiplied by BOCES aid ratio of .64) x enrollment ✓ Software - $14.98 per student x enrollment

*Proposal to increase per student allocation in the budget that is yet to be passed $11.50 per student in the Assembly $11.33 per student in the Senate We already budget and spend more than this increase in aidable expenditures for reference

State Aid By the Numbers 2024-25 Final Budget State Aid

2025-26 Governor's Proposal

2025-26 Final Budget State Aid

Variance

Foundation Aid

$46,970,050

$47,622,591

$48,089,479

$1,119,429

High Cost Excess Cost

$925,000

$884,795

$950,000

$25,000

Private Excess Cost

$925,000

$1,028,061

$950,000

$25,000

BOCES Aid

$6,000,000

$6,440,176

$6,100,000

$100,000

Building Aid

$7,816,340

$6,070,414

$8,417,891

$601,551

Transportation

$7,000,000

$8,034,793

$7,100,000

$100,000

Hardware and Technology

$127,000

$126,834

$127,000

$0

Software, Library, Text

$668,000

$671,351

$668,000

$0

Universal Pre K

$1,530,900

$3,588,400

$3,588,400

$2,057,500

Total Aid

$71,962,290

$74,467,415

$0

$75,990,770

$4,028,480

State Aid (Minus UPK Grant)

$70,431,390

$70,879,015

$0

$72,402,370

$1,970,980

Aid Category

2025-26 Legislative Proposal

Tax Levy Limit ✓ No Updates from February Draft Presentation ✓ Tax Revenue makes up 58% of District Revenue

Monroe County Levy Numbers

Average = 2.83%

Local Assessors

State Controlled

District Controlled

Projection Data Points Tax Levy

Equalization

Assessments

Levy $127,549,054 3.19% Increase

Re-levies estimated at $75,000

✓ These are preliminary estimates from the NYS office of real property ✓ Still have the ability to change until August tax warrant

✓ Utilized the 10 Year Average for Webster ✓ Utilized the 25 year Median increase for Penfield, Walworth, & Ontario to smooth out recent increases that would skew the average

Assessed Rates Per Thousand 2023-24

2024-25

2025-26

Variance

% Variance

Penfield

17.081053

17.086508

18.285101

$1.20

7.01%

Webster

27.683099

28.587096

28.570525

($0.02)

-0.06%

Ontario

19.403196

19.831094

19.267127

($0.56)

-2.84%

Walworth

19.876444

20.367070

19.817617

($0.55)

-2.70%

True Tax Value

16.057100

14.866020

13.714377

($1.15)

-7.75%

100% Guarantee These Estimates Will Change in August!

The other 9% Sales Tax

PILOTS

Interest

✓ Projecting to remain stable year over year ✓ Have not seen much variation in the last several years ✓ Increased this budget in 22-23 ✓ Adjusting this budget impacts the tax levy allocation

✓ Payments in Lieu of Taxes ✓ Projecting overall budget to remain stable as no additional PILOTs are schedule to come on the books

✓ Interest earnings revenue is the most volatile of all budgeted revenues ✓ Rates can change up to 4 times during one fiscal year ✓ Leaves the district very little room to adjust to market conditions ✓ Increasing this budget as earnings have been consistent over the past three years

The other 9% Reserves

Fund Balance

✓ Budget requires significant reserve usage ✓ Allocating 3 million dollars as a revenue source ✓ Utilizing the ERS and TRS reserve funds ✓ The budgeted amount utilized is 6.64% of 2023-24 audited reserve amount

✓ Appropriated fund balance will remain at the same level as the previous year’s to reduce the tax levy as originally set up to do

Miscellaneous ✓ Facilities usage revenues, continuing education, rebates, and other revenues sources projected to remain budget neutral

Total Revenues Category

2023-24

2024-25

2025-26

Variance

Sales Tax

$8,000,000

$8,000,000

$8,000,000

$0

State Aid

$67,812,930

$70,431,390

$72,402,371

$1,970,981

$265,000

$265,000

$265,000

$0

Interest

$150,000

$150,000

$500,000

$350,000

Payments In Lieu of Taxes (PILOTS)

$1,250,000

$1,250,000

$1,250,000

$0

Miscellaneous Revenues

$1,800,000

$1,800,000

$1,800,000

$0

$0

$0

$3,000,000

$3,000,000

Appropriated Fund Balance

$5,500,000

$5,500,000

$5,500,000

$0

Property Tax Levy

$119,660,800

$123,609,680

$127,549,054

$3,939,374

Total Revenues

$204,438,730

$211,006,070

$220,266,425

$9,260,355

Transfer from ERS & TRS Reserves

Budget Updates Since Workshop #2

Budget Updates

2025-26 Preliminary Budget

Operational Areas ✓ Salary adjustments lower for central office staff movement & retirements ✓ BOCES Transportation contract reduced based on projected needs

Instructional Areas ✓ Curriculum non-instructional salary reduced based on staff movement & retirements ✓ Instructional staffing finalized for enrollment projections and course scheduling ✓ Non-instructional staffing updated for all instructional areas based on employee turnover ■ Support staffing for Special Education staffing lower than last workshop ■ Finalized BOCES costs came in lower than projected for some services

Final Budget Numbers

Balanced Budget $220,266,425

Revenues

$220,266,425

Budget

$0

Surplus/Deficit

County Comparison Budget Numbers

Highest = 7.31%

Average = 4.7% Lowest = 1.08%

Webster = 4.39%

Next Up……

Budget Adoption April 22

Budget Materials Published May 1

Budget Hearing

Budget Vote

May 13

May 20

Thank You Questions?

Budget Website