Riverhead School District 2013-2014 budget presentation no. 1

7/29/2019 Riverhead School District 2013-2014 budget presentation no. 1

1/17

Riverhead CSD

2013-2014 Proposed BudgetPresentation #1

Presented by Nancy Carney,Superintendent

Riverhead Central School District

Board of Education Meeting

February 5, 2013

All figures are subject to adjustment.



2/17

Agenda

Board of Education Budget Goals

Tax Levy Cap Facts, Myths and Calculations

State Aid in the Governors Budget Overview of Changes to the RCSD Program

General Support

Benefits Debt Service




3/17

BOE Budget Goals

To design and adopt a budget that stays within theTax Cap limitations

To design and adopt a budget that preserves

programs for RCSD students to the greatest extent

possible

To design and adopt a budget that recognizes the

current fiscal reality for Riverhead residents

To highlight to state leaders in Albany that everincreasing mandates are financially unsustainable

for the RCSD




4/17

Tax Cap What Does the Law Say?

Revenues raised by the district throughproperty tax the levy can increase nomore than approximately 2%, plus exempt

items, year over year: The exact figure is subject to a calculation of

exemptions and revenue sources.

Exempt from the tax calculation:

Capital costs

Some pension costs




5/17

Tax Cap What Does the Law Not Say?

Myth: The levy will rise no more than 2%.

Fact: Exempt items are added to the capped items,

meaning the levy can rise above 2%.

Myth: The law exempts health insurance costs

and mandates.

Fact: Health insurance and most state mandated

expenses are not exempt under the law.




6/17

Impact on RCSD Program

If the budget is Rolled Over:

Estimated Budget To Budget Increase = $6,600,905

Estimated Tax Levy increase = 7.48%

The Roll Over Budget contains all contractual

increases and necessary adjustments to preserve

existing programs but does not include any cuts.

Thus, to comply with the tax levy cap law, the2013-2014 budget will have to be reduced by

about $2 million.




7/17

State Aid in the Governors Budget

2012-2013

Actual

2013-2014

GovernorFoundation Aid $13,136,749 $13,136,749

Transportation $2,144,818 $2,942,568

BOCES & Excess Costs $1,554,888 $2,041,425High Tax Aid $2,256,813 $1,225,869

Building Aid $800,036 $1,134,633

Instructional Materials $458,293 $488,744

Charter School $0 $218,633Gap Elimination -$3,391,888 -$3,110,049

TOTAL $16,959,709 $18,078,572

+6.60%




8/17

Overview of Changes to the RCSD Program

At least 20 teachers will retire at the end of the

2012-2013 school year

The resulting savings will allow for the

preservation of all programs now in place

Slight reductions to other areas with reduced

needs because of changes in enrollment or

completed programs.




9/17

General Support

Board Of Education Unpaid volunteers

Central Administration Superintendents

Office, Business Office, Personnel Office

Auditing Three unfunded, mandated audits

Data Processing State mandated testing

District Insurance Real property and vehicle BOCES Administration - Mandated




10/17

General Support

2011-2012

ActualExpenditure

2012-2013

AdoptedBudget

2012-2013

RevisedBudget

2013-2014

ProposedBudget

PercentageChange

BOE, Clerk,

Associations $110,850 $134,386 $134,698 $135,315 0.69%

Superintendent's Office

and Related Functions $307,541 $327,569 $336,084 $328,981 0.43%Business Administration

& Auditing, Treasurer,

Legal $949,398 $1,233,191 $1,269,948 $1,286,965 4.36%

Personnel & Records,

Mailing, Printing $874,072 $865,451 $876,522 $860,634 -0.56%Insurance &

Assessments $573,872 $674,108 $670,643 $685,030 1.62%

BOCES Administration $517,945 $550,127 $550,127 $572,132 4.00%

Total $3,333,678 $3,784,832 $3,838,022 $3,869,058 2.23%




11/17

Benefits

RCSD Paid Contribution

Rates of Gross Salary

2011-

2012

2012-

2013

2013-

2014ERS 15.90%18.90% 21.10%

(estimated)

TRS 11.11% 11.84% 16.25%(estimated)

Employees RetirementSystem (ERS) andTeachers RetirementSystem (TRS) are statemandated programs

RCSD also mustprovide healthinsurance,unemployment benefits,and disability andworkers compensationcoverage




12/17

TRS Contribution Rates

21.40%

23.49%

21.40%

18.80%

14.79%

6.87%

8.41%

0.43% 2.52%

5.63%6.19%

11.84%

16.25%(estimated)

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

1978-79

1980-81

1982-83

1984-85

1986-87

1988-89

1990-91

1992-93

1994-95

1996-97

1998-99

2000-01

2002-03

2004-05

2006-07

2008-09

2010-11

2012-13

Manda

toryEmployerCon

tributionRate

Years




13/17

Benefits

About $1.16 million of pension costs are excluded from

the Tax Cap calculation under the law.

2011-2012

Actual

Expenditure

2012-2013

Adopted

Budget

2012-2013

Revised

Budget

2013-2014

Proposed

Budget

Percentage

Change

ERS & TRS $6,938,261 $8,990,296 $8,990,296 $10,995,553 22.30%

Social Security $4,021,523 $4,781,552 $4,781,552 $4,681,831 -2.09%

Workers' Comp.,

Unemployment,

Disability $1,329,258 $1,793,141 $1,793,141 $1,645,841 -8.21%

Health &

Waivers, Misc. $10,692,172 $12,412,019 $12,310,306 $13,075,974 5.35%

Total $22,981,214 $27,977,008 $27,875,295 $30,399,199 8.66%




14/17

Debt Service

The district has certain existing debtobligations, including capital work approvedby the voters in 1999 and bus purchases that

are made annually. The district is beginning to repay a portion of

the bonds authorized in October 2011.

The district is also beginning to repay moneyborrowed under the Energy PerformanceContract.




15/17

Debt Service

2011-2012

Actual

Expenditure

2012-2013

Adopted

Budget

2012-2013

Revised

Budget

2013-2014

Proposed

Budget

Percentage

Change

All

Construction

Bonds $1,809,475 $1,351,150 $1,351,150 $1,905,462 41.03%

All BusPurchases $322,463 $434,308 $434,308 $569,047 31.02%

Energy

Performance

Contract $0 $0 $0 $583,088 --

All Library

Bonds $437,263 $435,625 $435,625 $217,875 -49.99%Total $2,569,201 $2,221,083 $2,221,083 $3,275,472 47.47%




16/17

Future Presentations

Feb. 26 Regular Day School Budget,Transportation, Facilities

March 12 Special Education, PPS, Guidance

and Other Instructional Items March 19 Revenues and Projected Tax Levy

April 9 Total Tentative Budget

April 23 BOE Adoption of Proposed Budget May 21 Budget Vote (6 am 9 pm at local

polling locations)




17/17

Questions?

Call or write to:Nancy Carney

Superintendent

(631) [email protected]



Riverhead School District 2013-2014 budget presentation no. 1

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