4% 12% 2%
2% 80%
Debt Service
Building & Bus Aid Bus Purchases Actual Capital Expenses
Babylon IDA
Suffolk IDA Town of Huntington Lack of Predictability of Receipts
1 2
3
Jan State Aid Estimate
Oct Budget Prep As we officially “close out” the prior fiscal year, we are already working on the following fiscal year’s budget.
Governor released his proposed State Aid package for school districts in midJanuary. As these are the only figures we have, these become the best figures to utilize, hoping that the State-approved budget will not result in less Aid than what the Governor has proposed.
Early April State Budget NYS is expected to release it’s State-approved budget, including Aid figures for schools, by April 1st.
Mid May
Mid April Budget Adoption Boards of Education are required to adopt their next fiscal year’s school budget.
Budget Vote Schools are required to put the budget which was adopted by the BOE in mid-April to vote by residents the third Tuesday in May.
2018-19 and 2019-20 data points are estimated
Suffolk County IDA Projection Suffolk County IDA Actual
*For the purposes of this chart, Town of Huntington PILOTs included here.
Millions
12 USE OF RESERVES
APPROPRIATED FUND BALANCE
10
8
6
4
2
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
Interest Income Drivers’ Education and Aquatics programs Both run as “selfsustaining” programs
Adult Education program and Misc. fees Includes reimbursement from the Public Library for the Debt Service payments on their Bond issue
Main Components of $4.5 million Miscellaneous Revenues
Prior year refunds (BOCES & CPSE)
VERY actively managing our cash flow so that we can take advantage of interest earnings from conservative short-term investments
Use of facility charges
Health services and foster tuition receivables
Includes revenue generated from current four tenants of our closed facilities
11 Salary & benefits nurses
teachers
21 Total # retirees
$1.2 million total savings
2 8
support staff
NYS TRS
NYS ERS
Mandatory for teachers & administrators
Offered to noncertificated employees
Contribution rate = % of salary
Contribution rate = % of salary
6 Tiers
6 Tiers
Each tier has different benefits
Each tier has different benefits
One rate set each year
Districts do not have any control over any facet of NYS pensions.
Rates set by tier yearly
Continuation‌
State Budget
Community Outreach
Budget Vote
2019-20 school year budget development work continues with the finalization of all revenues and expenditures.
Anticipated release of the State budget which would shed light on the final anticipated level of State Aid to be received by HHH for 2019-20.
PTA expected to host one morning and one evening session at which Central Office Administrators will present the 2019-20 proposed budget.
The third Tuesday in May represents the uniform vote day for school district budgets and Board of Education trustee elections.
March 18, 2019 March - May 2019
May 13, 2019
April 15, 2019 April 1, 2019
May 21, 2019
May 2019 AM/PM
Budget Presentation
Budget Adoption
Budget Hearing
Second Board of Education budget presentation to be held at Fran Greenspan Administration Center.
As required by law, Board of Education must adopt the proposed 2019-20 budget before it can be presented to residents for a vote.
As required by law, approximately one week before the budget vote, a presentation will be provided at a Board Meeting to share a summary of the 2019-20 proposed budget.