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Maintaining Balance in Times of Stress

Maintaining Balance in Times of Stress. Nassau PTA Legislation Roundtable Hofstra University March 3, 2013 Joseph C. Dragone Assistant Superintendent for Business Roslyn Public Schools. Part I: State Aid. The Governor’s Proposal on School Aid for 2013-14 (Exec Runs).

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Maintaining Balance in Times of Stress

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  1. Maintaining Balance in Times of Stress Nassau PTA Legislation Roundtable Hofstra University March 3, 2013 Joseph C. Dragone Assistant Superintendent for Business Roslyn Public Schools

  2. Part I: State Aid

  3. The Governor’s Proposal on School Aid for 2013-14 (Exec Runs) • $550 million in “formula” aid changes including: • Foundation Aid (no change), Gap Elimination Adjustment Restoration ($321.5 million), High Tax Aid (-$50 million) • Expense Based Aids ($278.8 million) • $203 million in one-time “stress relief” (pensions, etc.) • $125 million in grant programs (extended day, performance, etc.)

  4. Devil in the details? • Foundation Aid and High Tax are flexible forms of aid • GEA reduces the amount of flexible aid available • Expense aid is reimbursement for textbooks, debt service, special education excess costs, transportation, etc. • 74% of statewide reduction in High Tax Aid is on LI!

  5. Differences across Counties • Nassau lost $9.2 million more in High Tax Aid than it received in Gap Elimination Adjustment Restoration • 94.9% of the increase in Suffolk County aid is explained by expense reimbursements

  6. A little bit of history… • When aid is increasing, LI receivesonly“its share” • When aid is decreasing, LI pays back more than “its share”

  7. Island Wide Data (117 Districts)

  8. Impact on LI Property Taxes

  9. Are LI Budgets out of control? • Measured in 1990 dollars • LI aid per pupil declined by 14%! • LI expense per pupil increased by only 1.3% per year!

  10. State Aid by County since 08-09 • The loss in aid over the past 5 years (Public SAMS)

  11. ARRA – EJF – Exec Proposal • To be fair – we did get some relief in 2010-11 and the proposal for 2013-14 does increase aid to Long Island

  12. Part II: Fund Balance

  13. A Tale of Two Districts • Roslyn is lucky to have significant resources, does not depend upon state aid, and a current budget that is sufficient to meet the needs of its pupils • Sachem has limited resources outside of state aid which has been cut drastically and a budget which has already been trimmed in response to taxpayer demands

  14. Where did the fund balance go?(percent changes from prior year)

  15. Did State Aid have any impact? • Data taken directly from Public SAMS

  16. Percentage Increases

  17. Fund Balance Impacts

  18. Island Wide Data

  19. Reserve Management • Assumptions • State Aid will continue to grow and be 12% of our budget even if our budgets increase • Assigned fund balance in year 1 is 2% of our budget • Unassigned fund balance in year 1 is 4% of budget

  20. Budget - Expense = Assigned

  21. Budget - Expense > Assigned CQ zone

  22. Budget - Expense < Assigned RP zone

  23. Can Nassau be far behind?

  24. Questions? • Please remember that the real expert in your district is your business official and your superintendent • If I could be of assistance, I would be happy to talk to them. I can be reached at Joseph C. Dragone Assistant Superintendent for Business Roslyn Union Free School District 300 Harbor Hill Road – Post Office Box 367 Roslyn, New York 11576 e: jdragone@roslynschools.org v:  (516) 801-5030 f:   (516) 801-5037 c:  (631) 512-1948

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