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JUNE 2, 2020
New Lebanon CSD2020-21 Budget
Leslie Whitcomb – Superintendent
Kevin Fottrell – Business Administrator
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Budget Concerns
State Aid 3 dates to revise aid
April 30
June 30
December 31
Pandemic Adjustment
-$99,552
Foundation Aid
$0 Increase
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Goals Set by the Board of Education
▪ Stay within the tax cap
▪ Maintain Quality Programs and Facilities
▪ Meet Mandated Requirements
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Budget Summary
2019-20 2020-21 Difference%
Change
Budget $12,480,879 $12,764,051 $283,172 2.2%
Revenue $3,733,072 $3,850,143 $117,071 3.1%
FundBalance
$325,218 $421,319 $96,101 29.5%
Levy Amount
$8,422,589 $8,492,589 $70,000 0.8%
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o BEGAN 9 YEARS AGO
o 2% CAP ON LEVY (NOT BUDGET)
o EXEMPTIONS ALLOW FOR LEVY GREATER THAN 2%
What is Property Tax Cap?
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Tax Cap
If the tax levy is below the amount
The budget is approved with 50% + 1
Our Tax levy is 0.8%
Prior Year Tax Levy$8,422,589
Tax Base Growth Factorx
1.0001$8,423,431
Prior Year PILOT+$0
$8,723,431Prior Year Exemptions (Capital Expenditures)
-$550,256
Adjusted Prior Year Levy$7,873,175
Allowable Growth Factor ( lesser of CPI or 2%)x
1.0181$8,015,680
PILOTS for Coming Year+$0
Capital Exclusion for 2020-21+
$484,280Maximum Allowable Levy
$8,499,9600.92%
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Two Main Components Assessments
Equalization Rates
Determines Each Town’s Piece of the Pie
Out of the District’s Control
Other School Tax Factors
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Budget Summary
2019-20 2020-21 Change
Instruction $4,340,626 $4,328,331 -$12,295
Special Education $1,046,859 $1,122,303 $75,444
Employee Benefits $4,122,570 $4,327,680 $205,110
Information Technology $207,450 $212,500 $5,050
General Support $815,153 $850,537 $35,384
Operations and Maintenance $922,442 $855,000 -$67,442
Co-Curricular and Athletics $189,400 $191,900 $2,500
Transportation $836,380 $875,800 $39,420
Debt Service $560,500 $729,500 $169,000
Interfund Transfers $248,000 $55,000 -$193,000
Total Expenditures $12,480,879 $12,764,051 $277,974
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6.7%3.7%
3.0%
33.9%
8.8%
1.5%
1.7%
6.9%
33.9%
Budget Break out General Support
Operations
Maintenance
Instructional
SPED
Co Curr / Sports
Tech
Trans
Undisclosed Emp Bene
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Revenue Summary
2019-20 2020-21 Change
Local Sources $552,000 560,395 $8,395
State Aid $3,131,072 $3,239,748 $108,676
Federal Aid $50,000 $50,000 $0
Fund Balance $325,218 $421,319 $96,101
Property Taxes $8,422,589 $8,492,589 $70,000
Total $12,480,879 $12,764,051 $283,172
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75.5%
10.7%
13.8%
.
Program
Administrative
Capital
Component Amount Percentage
Program $9,632,514 75.5%
Administrative $1,370,537 10.7%
Capital $1,761,000 13.8%
Total $12,764,051 100%
3 Part Budget
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Budget Summary
2019-20 2020-21 Difference % Change
Budget $12,480,879 $12,764,051 $283,171 2.2%
Revenue $4,058,290 $4,271,462 $213,172 5.2%
Levy Amount $8,422,589 $8,492,589 $70,000 0.8%
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$11,100,000
$11,300,000
$11,500,000
$11,700,000
$11,900,000
$12,100,000
$12,300,000
$12,500,000
$12,700,000
$12,900,000
$13,100,000
Historical Budget Spending NLCSD
$12,764,051$12,901,428
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$7,000,000
$7,100,000
$7,200,000
$7,300,000
$7,400,000
$7,500,000
$7,600,000
$7,700,000
$7,800,000
$7,900,000
$8,000,000
$8,100,000
$8,200,000
$8,300,000
$8,400,000
$8,500,000
2012 13 2013 14 2014 15 2015 16 2016 17 2017 18 2018 19 2019 20 2020 21
Tax Levy
Tax Levy
Historical Property Taxes
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Program Adjustment
ADD 1.0 FTE SCHOOL PSYCHOLOGIST
REDUCE 1.0 FTE ELEMENTARY TEACHER
REDUCE 0.4 FTE HS BUSINESS TEACHER
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Questions
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Vote on District Spending Plan
$12,764,051
Proposition 1Budget
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Two open seats:
Two seats for 3 year terms
Richard Sime
Sharon Putnam
Board of Education Election
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Absentee Ballot OnlyBudget Vote & School Board Election
Must be Received by USPS5:00 pm Tuesday June 9, 2020