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Norwood-Norfolk Central School District

Norwood-Norfolk Central School District. Budget Presentation 2019-2020. Discussion. Projected Revenues Tax Levy History State Aid History 1 st Draft Revenues as a % of total Projected Expenses Historical data on high dollar expenses 1 st Draft Expenditures as a % of total

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Norwood-Norfolk Central School District

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  1. Norwood-Norfolk Central School District Budget Presentation 2019-2020

  2. Discussion • Projected Revenues • Tax Levy History • State Aid History • 1st Draft Revenues as a % of total • Projected Expenses • Historical data on high dollar expenses • 1st Draft Expenditures as a % of total • What is the Gap? • How do we fill the GAP?

  3. Revenues

  4. Estimated Revenue Budget

  5. Tax Levy History

  6. Tax Levy History

  7. Tax Levy History

  8. Tax Rate History

  9. Tax Rate History

  10. State Aid History – Foundation Aid Only

  11. State Aid History

  12. State Aid History

  13. Revenues - % of Total Budget

  14. Expenditures

  15. Estimated Expenditure Budget

  16. Historical EXPENSE Budget

  17. Employee’s Retirement Expense History

  18. Teacher’s Retirement Expense History

  19. Health Insurance Expense History Premiums are estimated to increase 6.2% in 19-20.

  20. History of Special Education Costs (BOCES & Residential Programs)

  21. Expenditures - % of Total Budget

  22. What is the GAP? • Projected Revenue Budget $ 22,917,951 • Projected Expenditure Budget $(24,067,656) • 1st Draft Budget GAP $( 1,149,705)

  23. How do we fill the GAP? Three Options: • Increase Tax Levy • What is our limit?? • Use Reserves and Fund Balance • According to reserve plan • Reductions in spending

  24. What is Next? • 2/5/2019: Budget Work Session with Board of Education • Fund Balance & Reserves • Tax levy and tax cap • 2/7/2019: Supervisor’s Budget Meeting • 2/12/2019: Review 18-19 budget updates at Regular Board of Education Meeting • 2/25/2019: Administrative Council Budget Meeting • 2/26/2019: Budget Work Session Meeting with Board of Education

  25. Questions

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