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: [email protected]. This will enable us to help correct any formula or data entry discrepancy quickly.
Form Due- April 23, 2018
Form Preparer Name:
Preparer's Telephone Number : 607-757-2320
Shaded Fields Will Calculate Budgeted
2017-18
Proposed Budget Percent
Change
(B) (C)
Total Budgeted Amount, not including Separate Propositions A. Proposed Tax Levy to Support the Total Budgeted Amount 1
| 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
Total Proposed School Year Tax Levy (A+B+C-D) f.i6,'898,932
Permissible Exclusions to the School Tax Levy Limit 1,659,939
School Tax Levy Limit, Excl udi ng Levy for Permissable 45,489,625
Exclusions3
Total Proposed Tax Levy for School Purposes, Excluding Permissible
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)
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
13,372 1 13.372
Vo
Include any prior year reserve for excess tax levy, including interest.
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.
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.
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
13.70
%
13.79
%
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.
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
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
of the proceeds of the
sale of school district real property.
Mandatory NA Reserve for
Debt Service
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
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
'-'---'----"-'-'---'-'--------'use in 2018-19 to
support the 2018-19
budget.
NA lo lo INA
Reserve for For unexpended
Insurance proceeds of
Recoveries insurance recoveries
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 . |
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
II.
_R_e_s_e t _,