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SOUTH HUNTINGTON SCHOOL DISTRICT

BUDGET ADOPTION

BOARD OF EDUCATION MEETING

APRIL 16, 2024

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BUDGET THEME

CONTINUED FOCUS ON STUDENT SUPPORT

SUSTAIN PROGRAM OFFERINGS

FURTHER ENHANCEMENT TO DISTRICT FACILITIES

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IT’S ABOUT KIDS…STAFF…COMMUNITY

We educate approximately 5,700 students in-district, and employ about 1,200 personnel; including over 550 teachers.

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OUR 2024/25 STATE AID REALITY

Executive Proposal:

Foundation Aid: $ 54,879,183
Expense Based Aid: $ 20,838,121
UPK Aid: $ 1,794,215

Total Proposed Aid: $ 77,511,519

Final Legislative Budget:

Awaiting finalization of State Budget

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REVIEW OF OUR REVENUE EXPECTATIONS

2024/25

Tax Levy: $ 126,629,190
State Aid: $ 75,717,304
Other Revenues: $ 10,788,000
Reserve Usage $ 1,600,172
Appropriated Fund Balance $ 2,790,000

Total Revenue: $ 217,524,666

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USE OF RESERVES

Reserves Utilization

ERS: $ 0
TRS: $ 0
Workers Comp.: $ 0
EBALR: $ 1,600,172

Total Reserve Use : $1,600,172

(We will replenish the reserves where possible)

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PLAN TO REDUCE RESERVE USE

Year over year, we are budgeting to reduce the use of our reserves by $379,828.

As the district moves forward, the plan remains to reduce the use of reserves. Adequate annual State Aid is a critical factor in this plan.

* At this time, reserve usage has increased by approx. $750k, due to the delay in the NYS Budget.

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USE OF FUND BALANCE

A key audit metric is for a district to have their unassigned fund balance at or close to 4%.

Appropriated Fund Balance:

23/24: $2,990,000

24/25: $2,790,000

�Decrease of: $200,000

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�For 2024/25, the District has budgeted approximately $1,255,200. It is the intention at this time to purchase six vans, and four 66-passenger buses. This is part of the district’s ongoing plan to upgrade our bus fleet.��

TRANSPORTATION

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FACILITIES PLANNING FOR 2024/25

Based upon the proposed State Aid, the district is currently planning to allocate approximately $1,200,000 for buildings and grounds maintenance as well as $4,000,000 in “Transfer to Capital” for Capital improvement projects.

Potential Capital Projects include:

WWHS:

-North Boilers (Transfer to Capital portion) - $ 894,582

-Science Room Renovations - $980,418

-South Cafeteria Renovations - $200,000

SILAS WOOD:

-Door Replacement - $350,000

-Ground Repairs - $100,000

-Gym Floor Resurfacing - $25,000

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FACILITIES PLANNING FOR 2024/25

STIMSON MIDDLE SCHOOL

-Breezeway - $200,000

-Gym Floor Replacement - $150,000

MEMORIAL

-Sump Repair & Restoration at Memorial - $350,000

-Scoreboards at Memorial Field - $150,000

-Removal of Tennis Courts at Memorial - $250,000

-Bathrooms and general allocations - $350,000

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Budget/Expenditure with State Aid Projections

	2024/2025	2023/2024	$ CHANGE	% CHANGE

TAXATION (LEVY)	$ 126,629,190	$ 123,659,569	$ 2,969,621	2.40%
STATE AID	$ 75,717,304	$ 70,459,160	$ 5,258,144	7.46%
OTHER	$ 10,788,000	$ 9,980,000	$ 808,000	8.10%
TOTAL REVENUES	$ 213,134,494	$ 204,098,729	$ 9,035,765	4.43%

RESERVE USE:
ERS	$ -	$ 323,156	$ (323,156)	-100.00%
TRS	$ -	$ -	$ -	0.00%
WORKERS COMP.	$ -	$ 26,844	$ (26,844)	-100.00%
EBALR	$ 1,600,172	$ 1,630,000	$ (29,828)	-1.83%
TOTAL RESERVES	$ 1,600,172	$ 1,980,000	$ (379,828)	-19.18%

APPR. FUND BALANCE	$ 2,790,000	$ 2,990,000	$ (200,000)	-6.69%

TOT. REV. + RESERVES + FUND BALANCE	$ 217,524,666	$ 209,068,729	$ 8,455,937	4.04%

EXPENDITURES	$ 217,524,666	$ 209,068,729	$ 8,455,937	4.04%

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2024/2025 ESTIMATED TAX RATE

ASSESSED VALUES			Variance	%
TAX RATE CALCULATION			From Prior Year	Change

20/21		$42,735,402	-$521	0.00%

21/22		$42,546,558	-$188,844	-0.44%

22/23		$42,562,723	$16,165	0.04%

23/24		$42,539,156	- $23,567	-0.06%

ESTIMATED A.V. for 24/25		$42,289,156	- $250,000	-0.59%

TAX LEVY		$126,629,190

TAX RATE CALCULATION	2024/2025	$2,994.37	PER $1,000 A.V.
		(Estimated)
	2023/2024	$2,906.96	PER $1,000 A.V.

	INCREASE	$87.41	PER $1,000 A.V.

Average Home Assessed Value	$2,300	$2,800	$3,300	$3,800	$4,300
Average Home School Tax 24/25	$6,887	$8,384	$9,881	$11,379	$12,876
Average Home School Tax 23/24	$6,686	$8,139	$9,593	$11,046	$12,500
Average Annual Tax Increase (Est.)	$201.04	$244.74	$288.44	$332.15	$375.85
Per Month Increase (Est.)	$16.75	$20.39	$24.04	$27.68	$31.32

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TOTAL BUDGET – 2024/2025

2024/25 2023/24 $ Change % Change

$217,524,666 $209,068,729 $ 8,455,937 4.04%

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PROPOSED BUDGET HIGHLIGHT

Tax Levy

Max allowable increase: 3.42%

Board of Education Discussion

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PROPOSTION # 2: �(Budget is the 1^st Proposition)

Shall the Board of Education of the South Huntington Union Free School District be authorized to undertake capital improvements at the Walt Whitman High School for the replacement of the North Boilers including all labor, materials, equipment, apparatus and incidental cost related thereto and any costs associated therewith to be paid from the proceeds of the sale of real property located at Central Field and 2 Melville Road, Huntington Station, New York in an amount not to exceed $2,545,400.00 in lieu of the deconstruction of elementary portable classrooms and the construction of elementary Library/Media-STREAM Centers as previously authorized by the voters at the Annual Budget Vote and Election held on May 17, 2022?

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GOALS FOR 2024/25

Continuous strive for excellence
Provide learning opportunities and meet the academic as well as social-emotional needs of all students
Close achievement gaps
Continuity and expansion of programs
Strengthen community partnerships
Fiscal sustainability including reducing reserve reliance
Enhancement of safety measures and the upkeep of facilities & grounds

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UPCOMING BUDGET PRESENTATION DATES

May 7, 2024: Public Hearing of Budget & Board of Education Meeting, JKAO

May 21, 2024

BUDGET/REFERENDUM VOTE & BOARD OF EDUCATION ELECTION

Walt Whitman High School, 2pm - 9pm

Board of Education Meeting, Walt Whitman High School, 7:30 pm