Property Tax Report Card

031601- VESTAL CSD

2017-2018- Page 1

Revision- as of 04/25/2018 09:37

AM


Note: Some data elements of the Property Tax Report Card have been revised or renamed to more closely follow the Property Tax Cap calculations districts complete on the Office of the State Comptroller website. Please see the Help text above for definitions. Additional guidance on the Property Tax Levy Limit is available on the Office of Educational Management Services website:

http: //www . p12 .nysed.gov/mgtserv/ propertytax/taxc ap/.


Please also submit an electronic version (PDF or Word) of your school district's 2018-19 Budget Notice to: emscmgts@nysed.gov. This will enable us to help correct any formula or data entry discrepancy quickly.


Form Due- April 23, 2018


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Form Preparer Name:

Preparer's Telephone Number : 607-757-2320


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Shaded Fields Will Calculate Budgeted

2017-18

Proposed Budget Percent

  1. Change

    1. (B) (C)


Total Budgeted Amount, not including Separate Propositions

A. Proposed Tax Levy to Support the Total Budgeted Amount 1

  1. Tax Levy to Support Library Debt, if Applicable

  2. Tax Levy for Non-Excludable Propositions, if Applicable 2

  3. Total Tax Cap Reserve Amount Used to Reduce Current

76,193,466

77,010,769 l

1.07 jo/o

46,898,932

47,564,180

0

0

0

0

0

0

Year Levy, 1f Applicable

  1. Total Proposed School Year Tax Levy (A+B+C-D) f.i6,'898,932

  2. Permissible Exclusions to the School Tax Levy Limit 1,659,939

  3. School Tax Levy Limit, Excl udi ng Levy for Permissable 45,489,625

    Exclusions3

  4. Total Proposed Tax Levy for School Purposes, Excluding Permissible


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    47,564,180 [1.42 j%

    1,462,476

    46,161,775

    Exclusions and Levy for Library Debt, Plus Prior Year Tax Cap Reserve

    (E-B-F+D)

  5. Difference: (G-H);(negative value requires 60.0% voter approval)2

Public School Enrollment Consumer Price Index

f45 ,238,993 _] 6,101 ,704


[250 32 :-=J 0,071

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13,372 1 13.372

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Vo


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  1. Include any prior year reserve for excess tax levy, including interest.


  2. Tax levy associated with educational or transportation services propositions are not eligible for exclusion under the School Tax Levy Limit and may affect voter approval requirements.


  3. For 2018-19, includes any carryover from 2017-18 and excludes any tax levy for library debt or prior year reserve for excess tax levy, including interest.


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Actual 2017-18 Estimated 2018-19

(D) (E)

Adjusted Restricted Fund Balance Assigned Appropriated Fund Balance Adjusted Unrestricted Fund Balance

20,651,942

15,402,741

2,163,174

1,500,000

2,816,621

2.915,162


Adjusted Unrestricted Fund Balance as a Percent of the Total Budget


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13.70

%


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13.79

%


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Schedule of Reserve Funds


Reserve Type Reserve Name Reserve Description 3/31/18 Actual

* Balance

6/30/18 Intended Use of the Estimated Reserve in the

Ending Balance 2018-19 School Year

(Limit 200 Characters)

**


Note: Be sure to click on the Save button at the bottom after each additional Reserve you add under Capital, Property Loss, Liability, or Other Reserve.


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Capital

CAPITAL

For the cost of any

12.414,900

12.425,052

fThere is no intended

RESERVE

object or purpose for

which bonds may be

'-'- ;,:,

L..:.,_,

,use in 2018-19 to

support the 2018-19

issued.

budget.


Repair REPAIR RESERVE


For the cost of repairsl794,487 1796,123 jThere is no intended to capital '----'------.. ,_ ,use in 2018-19 to

improvements or support the 2018-19

equipment. budget.


Workers NA Compensation

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WFoorrskerfs-insured l,o .l..o..._


Compensation and benefits.

,INA


Unemployment UNEMPLOYMENTFor reimbursement to 1308,300 1308,871 !There is no intended

Insurance INSURANCE

the State

'----'------.. -'--------' use in 2018-19 to

RESERVE

Unemployment

Insurance Fund.

support the 2018-19

budget.


Reserve for TaxNA Reduction


For the gradual usel,_o -'l._o. _ ,INA

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of the proceeds of the

sale of school district real property.


Mandatory NA Reserve for

Debt Service

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For proceeds from '-lo _.l_o

the sale of district

capital assets or improvement,

restricted to debt service.

_,INA


Insurance INSURANCE RESERVE


Property Loss NA


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For liability, casualty, 1663,186 1664,476 jThere is no intended and other types of , .._-'--------'use in 2018-19 to

uninsured losses. support the 2018-19

budget.


To cover property '-lo _,l._o _ .INA

loss.


Liability NA

+(add)


To cover incurred liability claims.

Io lo _,INA


Tax Certiorari TAX CERTIORARI For tax certiorari

RESERVE settlements.


Is.103,227 16,115,500 jThere is no intended

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'-'---'----"-'-'---'-'--------'use in 2018-19 to

support the 2018-19

budget.


NA lo lo INA

Reserve for For unexpended

Insurance proceeds of

Recoveries insurance recoveries

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at fiscal year end.



Employee Benefit Accrued


NA


For accrued 'employee benefits'

lo

lo


INA

Liability

due to employees

upon termination of

service.


Retirement Contribution


RETIREMENT CONTRIBUTION


For employer retirement

15,603,740

ls.os2.718


jT here is no intended use in 2018-19 to

contributions to the

support the 2018-19

State and Local

budget.

Employees'

Retirement System.


Reserve for Uncollected


NA

For unpaid taxes due lo

certain city school

lo


INA

Taxes

districts not

reimbursed by their

city/county until the

following fiscal year .


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Single Other NA lo lo INA Reserve


* NYSED Reserve Guidance :

http: //www .p12.nysed.gov/mgtserv/account i ng/docs/reserve funds.pd f


OSC Reserve Guidance:

http://osc.state .ny.us/loca lgov/pubs/l istacctg.htm#reservefunds


**Provide a brief, but specific, statement of the planned use and appropriation for the reserve in SY 2018-19. Mention any capital expenditures that will need to be voted upon in the upcoming Budget Vote .


. _s_av_e

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II.

_R_e_s_e t _,