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Home My WebLink About2019-10-17 Revenue and Fixed Cost Committee Supplemental Materials FY20 RFCC Shared Cost Recommendations FY21 REVENUE FIXED COST PROJECTIONS-RFCC WORKSHEET NON DEPARTMENTAL EXPENDITURE DETAIL Actual Actual Actual Budget YTD as of 9/30/19 PROJECTED RFCC Recom'd Benefits/Insurance FY17 FY18 FY19 FY20 FY20 FY20 FY21 Group Insurance 910381458 9,5161640.82 916781089.85 1213001000.00 2,4801105 0 0.00 0.60% 5.29% 1.70% 27.09% -100.00% Unemployment 631377 1091392.78 41,209.53 901000.00 171626 0 0.00 Payroll Taxes 7511155 784,320.12 852,764.82 8201000.00 214,402 0 0.00 Police&Fire Accident&Sickness Insurance 611082 791845.45 1451285.64 14500.00 271550 0 0.00 Workers Compensation 448,834 433,878.00 401,709.00 44500.00 270,386 0 0.00 Total Benefits/Insurance 101362,905 1019241077.17 11,119,058.84 1318001000.00 310101069 0 0.00 2.27% 5.42% 7.30% 26.33% -100.00% Liability Insurance Public Liab./Bldg./Auto Insurance 2742018 291,476 333,698 400,000 3462003 0 0 Total Liability 2741018 291,476.28 3331)698.48 4001000.00 346,003 0 0 -29.45% 6.37% 21.78% 37.23% 18.71% -100.00% Retirement Contributory-Pensions 4,369,169 4,763,787 5,189,280 5,687,695 5,629,804 0 0 Total Retirement 413691169 417631787.00 511891280.00 516871695.00 516291804 0 0.00 7.31% 9.03% 8.93% 9.60% -100.00 Debt Service 6,052,614 6,560,777 5,325,697 5,499,087 1,016,759 0 0 Total Debt Service 610521614 655605777 5532506.91 514991087 11)0161)759 0 0.00 4.04% 8.40% -18.83% 3.26% -100.00 Other Finance Comm.Reserve 0 0 0 0 0 0 0 Articles 0 0 0 0 0 0 0 Overlay 5581150 5661310 5421391 5509000 0 0 0 State Assessments(See State Assessment tab) 4521360 5201922 606,945 551,679 1451975 0 0 13.89% 15.16% 34.17% 5.90% -100.00 Stabilization Fund 601017 159,831 77,656 2371525 237,525 0 0 Capital Stabilization Fund 3509000 35000 0 3509000 35000 0 0 SPED Stabilization Fund 0 0 0 588,256 5881)256 0 0 Transfer to Special Revenue Fund 0 0 25000 0 0 0 0 Transfer to Capital Projects 11400 4,165,000 1,833,505 75000 75000 0 0 OPEB 501000 2001000 75,000 193,605 193,605 0 0 Deficits(Snow and Ice) 0 0 0 0 0 0 Deficits(Overlay) 0 0 0 0 0 0 0 Reserve for Debt 0 0 68,926 681926 68,926 0 0 Transfer to Stevens Estate 0 0 0 0 0 0 0 CIP Purchases 0 0 0 0 0 0 0 Total Other 1,585,327 519621063 3,454,423 3,289,991 2,3341287 0 0 Total Expenditures non-School Direct 2216441034 2815021181 2514221157 2816761773 12,3361922 0 0 11/13/2019,9:30 AM,G:\My Drive\My Documents Isavage's\FY2021\FY21 RFCC\FY21 Non-Departmental Cost-Historial Information.As FY20 RFCC Shared Cost Recommendations FY21 REVENUE FIXED COST PROJECTIONS-RFCC WORKSHEET NON DEPARTMENTAL EXPENDITURE DETAIL Actual Actual Actual Budget YTD as of 9/30/19 PROJECTED RFCC Recom'd Benefits/Insurance FY17 FY18 FY19 FY20 FY20 FY20 FY21 Gr.Lawrence Technical School 4231527 404,892 4671117 491,750.00 1151102 0 0.00 Essex County Agricultural Tech 156,480 156,950 179,379 223,392.00 0 0 0.00 Total School Assessments 5801007 5611842 646,496 7151142 115,102 0 0.00 19.79% -3.13% 15.07% 10.62% -100.00% Total Expenditures All 2392245041 2990649023 2690689653 2993919915 129452,023 0 0.00 Dollar Change 343,243 51839,983 (2,995,370) $,323,261 (29,391,915) (293,391,914.63) Change 1.50% 25.15% -10.31% 12.75% -100.00% -100.00% 11/13/2019,9:30 AM,G:\My Drive\My Documents Isavage's\FY2021\FY21 RFCC\FY21 Non-Departmental Cost-Historial Information.As FY20 RFCC Shared Cost Recommendations Comments 7%increase over FYI 9 budget level funded FYI 9 budget 6.25%increase over FY19 budget 5%increase over FY 19 premium$18,715 plus $125,000 estimated for claims 5%inc per Ins Co.over FYI premium $395,554 plus 49/k for prior year audit FYI YTD plus 25%(equals a 4.76%decrease from FYI 9 budget) actual assessment from ERRB Projected addition$928/1,c on new issues from authorized un issued debt based on the FYI actual 11/13/2019,9:30 AM,G:\My Drive\My Documents Isavage's\FY2021\FY21 RFCC\FY21 Non-Departmental Cost-Historial InformationAs FY20 RFCC Shared Cost Recommendations Comments FYI Assessment plus$94,710(5 additional students @ 18,942 Based on preliminary student count from ERRB 12 students @ 18,616 each chg between FY19 budget vz FY20 Recmd 11/13/2019,9:30 AM,G:\My Drive\My Documents Isavage's\FY2021\FY21 RFCC\FY21 Non-Departmental Cost-Historial Information.xls