Heather Buff

The committee discussed transportation costs and the potential for an RFP in the future, reviewed the NYS School Funding Transparency Form, and examined the 20-21 Administrative portion of the budget, including TRS and ERS rates. They also discussed the ongoing reserve plan, specifically the Employee Benefits Accrued Liability Reserve and the TRS reserve. Feedback was provided on the 19-20 Shareholder's report. The committee agreed on the recommended date of November 17th, 2020 for the next capital project vote. The Skaneateles Library is also looking for a new location within the village.

The committee reviewed the capital review I report, focusing on door replacements in the middle and high schools, and discussed the bus replacement plan, considering various fuel types and their long-term benefits. Staffing needs within the buildings and grounds department were addressed, including the need for more mid-day coverage. The 5-year tax cap projection and financial forecast were examined, with plans to compare prior estimates and actuals. The committee discussed responses from an external auditor RFP and the possibility of changing auditors. Updates were provided on the corrective action plan for 1099 forms and donated equipment. The meeting concluded with a brief update on the reserve plan, with a focus on content over format.

The meeting included a review of the agenda and the history of the tax cap since its inception, along with a fund balance spreadsheet. The tax cap for the 20-21 school year was noted to be 2.14% or $548,363. There was a review of the reserves, including what was funded from the 18-19 surplus and the current balances of each. The committee requested three budget scenarios showing implications with the tax cap at 2.14% and two other lower options, including additions, reductions, use of fund balance, and reserves. Key components of the administrative and capital budgets were reviewed, with the understanding that this information was subject to change. The capital reserve proposition, expected to go to the board for approval on March 24th, was discussed, with a preference to create a new reserve with a dollar amount of $2.5 million.

The committee discussed the budget process, different instructional model scenarios, and efforts related to testing and contact tracing. Updates were provided on Project 2021, administrative staffing changes, Teacher Retirement System (TRS) employer contribution rates, contract negotiations, and professional services. The group also discussed transportation aid, expected interest, revenue changes, and the potential creation of an unemployment reserve.

The meeting focused on district funding, with approximately 75% of revenue from local taxes, 20% from state aid, and 3% from other sources. Discussions revolved around the potential impact of the COVID-19 pandemic on state aid and the market's effect on TRS and ERS rates for the 2021-2022 school year. The committee reviewed draft budget models, including a 2.14% tax levy increase and a 1.81% increase, with concerns raised about reductions in professional development and the addition of a special education teacher. The capital reserve proposition was discussed, with agreement on a $2.5 million amount.