March 7 2016 boe

HALF HOLLOW HILLS SCHOOL DISTRICT of Huntington and Babylon

2016-17 Proposed Budget Board of Education Meeting March 7, 2016

2016-17 Proposed Budget

REVENUES ENROLLMENT TRENDING

WHAT’S NEXT 2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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Revenue Summary • Total expenses must equal total revenue Appropriated Fund • Budget is funded by: Balance 1.03%  Property taxes State Aid 13.27%  State aid  Use of Reserves  Appropriated Fund Balance  PILOTs  Other

Use of Reserves 2.43%

PILOTs 1.37%

Property Tax Levy 80.99%

* "Miscellaneous" includes interest income, health service and tuition payments from other school districts, prior year refunds, use of facilities’ charges and drivers’ and continuing education fees.

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

Miscellaneous 0.90%

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Revenues: Property Tax Levy Appropriated Fund Balance 1.03%

Use of Reserves 2.43%

PILOTs 1.37%

Miscellaneous 0.90%

State Aid 13.27%

Property Tax Levy 80.99%

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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Audience Participation TEXT THIS: ANNEMARIEMAR231 TO THIS NUMBER: 37607 2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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PLUS

Property Tax Levy “Cap” Formula

=

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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2016-17 Property Tax Levy

0.18% increase over 2015-16 property tax levy 2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

$350,000 increase over 2015-16 property tax levy

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2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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3.00%

Year-over-Year Property Tax Levy % Increase

2.50%

Millions

HHH Property Tax Levy “Cap” History 240

Total Property Tax Levy $

220 200 180

2.00%

160 140 120

1.50%

100 80

1.00%

60 40

0.50%

20 0.00%

2012-13

2013-14

2014-15

2015-16

2016-17

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

2012-13

2013-14

2014-15

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2015-16

2016-17

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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Property Tax Levy • The property tax levy increase does NOT directly equate to an individual homeowner’s school tax bill increase Tax Levy Increase Total amount of money District needs to collect in property taxes

≠

Total Assessed Values

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

Tax Rate Increase Town of Huntington versus Town of Babylon proportional share

Equalization Rates

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Property Tax Levy “Cap” Formula • Reminders:  Districts can legally “pierce” the cap…however that requires a super majority vote  The formula rarely yields the “2%” increase which the “2% Property Tax Levy Cap” implies  All districts follow the same formula but arrive at different allowable percent increases to their levy based on their specific data input factors  Property tax levy increase does not mean that will be an individual homeowner’s school tax increase 2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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Revenues: State Aid State Aid 13.27%

Appropriated Fund Balance 1.03%

Use of Reserves PILOTs 2.43% 1.37%

Miscellaneous 0.90%

Property Tax Levy 80.99%

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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Revenues: State Aid Figures as presented by Governor Cuomo in his proposed budget: 2015-16

17,000,000

2016-17

(1,000,000)

Foundation

High Tax

BOCES

Special Ed

Categorical

Transportation

Building

(3,000,000)

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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(1,686,782)

(2,447,008)

4,748,210

4,621,248

3,492,862

3,478,349

744,797

781,009

1,000,000

1,321,835

3,000,000

1,404,931

5,000,000

2,418,211

7,000,000

1,292,032

9,000,000

Expense Driven Aids

1,355,779

11,000,000

18,430,848

13,000,000

1,355,779

15,000,000

18,430,848

19,000,000

Gap Elim Adj (GEA)

Revenues: State Aid Correcting the Governor’s State Aid Proposal for HHH: SUBTRACT $588,745 Universal PreKindergarten Grant

SUBTRACT $200,000

SUBTRACT $262,522

ADD $1,686,782

Local Share of Educating Certain Students

BOCES OverEstimate of Aid to be Received

Senator Flanagan: “No Approved Budget without Full GEA Restoration”

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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Revenues: State Aid Governor’s State Aid Proposal

PLUS and MINUS adjustments noted on prior slide

2016-17 State Aid incorporated into HHH budget proposal

$31,414,505

$635,515

$32,050,020

…awaiting State-approved budget which is due April 1st

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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Revenues: State Aid State Aid HHH Has Lost as a Result of the Gap Elimination Adjustment $0 -$500,000

2010-11

2011-12

2012-13

2013-14

2014-15

2015-16

-$1,000,000 -$1,500,000 -$2,000,000 -$2,500,000 -$3,000,000 -$3,500,000 -$4,000,000 -$4,500,000 -$5,000,000 -$5,500,000

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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2016-17

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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Revenues: State Aid 15%

State Aid as % of Total Budget

14%

13%

12%

11%

10% 2006-07

2007-08

2008-09

2009-10

2010-11

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

2011-12

2012-13

2013-14

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2014-15

2015-16

Revenues: All Except for Levy and State Aid Appropriated Fund Balance 1.03% State Aid 13.27%

Use of Reserves 2.43%

PILOTs 1.37%

Miscellaneous 0.90%

Property Tax Levy 80.99%

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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Revenues: Payments In Lieu of Taxes Babylon IDA PILOTs

Suffolk County IDA PILOTs 1,400,000

3,000,000

Suffolk County IDA Projection

1,200,000

2,500,000

Suffolk County IDA Actual

1,000,000

2,000,000

800,000

1,500,000

600,000 1,000,000 400,000

Babylon IDA Projection

500,000

200,000

Babylon IDA Actual

2015-16 actuals and 2016-17 projections are estimated

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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2016-17

2015-16

2014-15

2013-14

2012-13

2011-12

2010-11

2016-17

2015-16

2014-15

2013-14

2012-13

2011-12

2010-11

2009-10

2009-10

0

0

Revenues: Use of Reserves & Appropriated Fund Balance • Proposed 2016-17 budget includes $5.9 million in use of reserves ($1.6 million more than 2015-16) • Proposed 2016-17 budget includes multi-year planned reduction to use of appropriated fund balance (down to $2.5 million from $4.6 million) 2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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Revenues: “Miscellaneous” Interest Income Drivers’ Education and Aquatics programs

Adult Education program and Misc. fees

Use of facility charges

Examples of “Other” Revenues {$2.2 million}

Prior year refunds (BOCES & CPSE)

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

Health services and foster tuition receivables

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Budget Overview 2015-16 (current year)

Budget

$238,658,101

2016-17 (next year’s)

Budget

$241,660,000*

$3 million year-over year $ increase* 1.26% year-over year % increase* 0.18% property tax levy cap increase* * Estimated as of March 7, 2016 2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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Kindergarten Enrollments Blue bar represents actual kindergarten registrations as of February 29, 2016

600

500

466

490 418

442

446 448

447 415

400

401

407

409

409

2019-20

2020-21

300

200

100

0 2013-14 Actuals as of October 1st

2014-15

2015-16

2016-17

Demographic projection

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

2017-18

2018-19

Actual/Estimated 31

Twelfth Grade Enrollments 1,000 900 800

832 815

889 877

840 832

852

829

Blue bar is estimated and represents 2015-16 school 865 year eleventh graders 737

700

783 692

600 500 400 300 200 100 0 2013-14

2014-15

2015-16

2016-17

Demographic projection

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

2017-18

2018-19

2019-20

Actual/Estimated 32

2020-21

Declining Enrollment Trend Continues 1,000

Seniors

900

Kindergarteners

800 700 600 500 400 300 200 100 0 2013-14

2014-15

2015-16

2016-17

2017-18

2018-19

2019-20

Figures used are actuals through 2015-16 (as of October 1st each year) and demographic projections for 2016-17 and forward.

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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2020-21

Total Enrollments – 1954 through 2015/16 school year 14,000

12,000

10,000

8,000

6,000

4,000

2,000

-

2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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What’s Next • Continue refining budget projections • Continue analyses on staffing requirements grades K-12 • Budget presentations: March 14 March 21 April 18 (budget adoption meeting)

April 20 (PTA Council meeting) April 21 (AM & PM for PTAs) May 9 (budget hearing)

• Board adopts proposed budget on April 18th • Budget vote and trustee election on May 17th 2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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2016-17 Proposed Budget – March 7, 2016 Board of Education Meeting

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