2024-25 Property Tax Report Card 261901 - Webster Central School District
Budgeted
Proposed Budget
Brian Freeman
2023-24
2024-25
2024-25
(A)
(B)
(C)
Total Budget Amount, Not Including Separate Propositions
204,438,730
211,006,070
A. Proposed Tax Levy to Support the Total Budgeted Amount (1)
119,660,800
123,609,680
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
119,660,800
123,609,680
Telephone Number:
585-216-0017
E. Total Proposed School Year Tax Levy (A + B + C - D) F. Permissible Exclusions to the School Tax Levy Limit
Percent Change
2,964,185
3,400,723
G. School Tax Levy Limit , Excluding Levy for Permissible Exclusions 3
116,696,615
120,208,957
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)
116,696,615
120,208,957
0
0
8,200
8,200
(G - H); (negative value requires 60.0% voter approval) Public School Enrollment Consumer Price Index
$49,031,505
$55,650,000
Assigned Appropriated Fund Balance
$5,500,000
$5,500,000
Adjusted Unrestricted Fund Balance
$5,983,258
$8,440,243
2.93%
4.00%
Adjusted Unrestricted Fund Balance as a Percent of the Total Budget Schedule of Reserve Funds
Retirement Contribution
TRS Sub Fund
Workers’ Compensation
Unemployment Insurance
Mandatory Reserve for Debt Service
Liability
Insurance
Tax Certiorari
Employee Benefit Accrued Liability
0.00%
Estimated 2024-25 (E)
Adjusted Restricted Fund Balance
Capital
3.30%
4.12%
Actual 2023-24 (D)
Reserve Type and Name*
3.21%
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 To pay for Workers Compensation and benefits. To pay the cost of reimbursement to the State Unemployment Insurance Fund. 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 To establish a reserve fund for tax certiorari settlements For the payment of accrued ‘employee benefits’ due to employees upon termination of service.
3/31/24 Actual Balance
6/30/24 Estimated Ending Balance
$15,263,125
$15,350,000
Intended Use of the Reserve in the 2024-25 School Year $10 million to be spent during the 2023 voter approved project when construction begins
$9,110,138
$10,000,000
Hold for future spikes in yearly costs in the system
$3,345,169
$5,000,000
$4,573,176
$5,000,000
Hold for future spikes in yearly costs in the system Hold for future spikes in yearly costs and to cover Websters' yearly bill
$1,225,895
$1,250,000
Hold for any potential future layoffs
$3,919,454
$4,000,000
$4,342,452
$5,000,000
$2,008,752
$4,000,000
$4,203,570
$5,000,000
$1,039,774
$1,050,000
* Note: Only reserves utilized by Webster CSD are listed and not all reserves that are availble under General Municpal Law or Education Law
Hold for any future principal debt payments Fund unbudgeted liability claims that insurance will not cover Fund excessive costs for cybersecurity that insurance will not cover Fund unbudgeted tax settlements against the district Fund accumulated vacation time for retiring employees