Budget Presentation - 3/4/19

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.