Regional School District No. 6 Budget Board Approved Budget - - PowerPoint PPT Presentation

Regional School District No. 6 Budget

Board Approved Budget 2020-2021

Public Hearing Presentation - April 20, 2020

Be Stronger than your excuses

Preparing for the Future

Photo Courtesy of James Morris School

2019-2020 Budget Calendar  Open Door Fridays - Every Week  Public Questions / Suggestions - December 2019  BOE Budget Workshops #1 – January 13, 2020  Staff Meetings - January 2020  Public Responses - February 2020  BOE Budget Workshops #2 - February 10, 2020  Town Tour – Week of March 2nd  Superintendents Budget – March 9, 2020  Staff Budget Presentations – Week of March 9th  BOE Meeting – April 6, 2020  Budget Hearing – April 20, 2020

• Board of Finance Meetings (Ongoing)
• Budget Meeting (Vote) – May 4, 2020

Enrollment Report (2.1.2020)

Enrollment (K-12 as of 2.1.2020)

Enrollment (Preschool)

Enrollment (Elementary)

Enrollment (Secondary)

Projected Enrollment (2020-2021)

School K

• Gr. 1
• Gr. 2
• Gr. 3
• Gr. 4
• Gr. 5
• Gr. 6

Total by School Warren

10

10 12 8 9 7 7 63 Morris 13 19 16 15 15 16 17 111 Goshen 20 27 24 27 22 21 29 170

• Proj. Total

43 56 52 50 46 44 53 344 2018-2019 56 52 50 46 44 53 44 345 Net Difference

• 13

4 2 4 2

• 9

9

• 1

Middle School High School Grades 7-12 AGRI-SCI Program Comprehensive Program 2020-2021 (Projected) 99 383 482 260 123 2019-2020 98 408 506 248 160 Net Difference 1

• 25
• 24

12

• 37

2020-2021 (Projected) Grade 9 Grade 10 Grade 11 Grade 12 AgriSci 62 67 71 60 Comprehensive 27 37 27 32

2020-2021 Revenue

2020-2021 Revenue

Revenue

Category Budgeted Revenue (2019-2020) Projected Revenue (2019-2020) (as of 2.1.2020) Proposed Budget Revenue (2020-2021) Difference (Projected v. Proposed Budget)

Tuition ASTE Tuition (Regular Ed) $1,296,370.00 $1,300,000.00 $1,330,485.00 $30,485.00 (1) ASTE Tuition (Spec Ed) $200,000.00 $207,855.00 $200,000.00 $-7,855.00 (2) Pre School Tuition $48,000.00 $48,000.00 $48,000.00 State Revenue ASTE Grant $920,620.00 $1,013,745.00 $1,050,000.00 $36,255.00 (3) Medicaid $25,000.00 $55,000.00 $55,000.00 Excess Costs (Special Education) $50,955.00 $50,955.00 $50,955.00 Other (Local) Misc $5,000.00 $14,000.00 $24,000.00 $10,000.00 (4) Interest $45,000.00 $45,000.00 $45,000.00 Rental Fees $7,500.00 $7,500.00 $7,500.00 FY Carryover $433,060.00 $-433,060.00 (5) Adjustments (State Revisions Grants, Medicaid, LPS) $120,000.00 $120,000.00 (6) Total Revenue $2,598,445.00 $3,295,115.00 $2,930,940.00 $ -364,175.00

2020-2021 Revenue (Explained)

Revenue Notes:

• (1) ASTE Tuition Revenue from sending towns based on enrollment capacity.
• (2) ASTE Special Education is preliminary based on actual services (TBD)
• (3) ASTE Grant Revenue legislated increase 2019 (post budget)
• (3) ASTE Revenue (from CSDE) is paid one year in arrears on enrollment
• (4) Misc Revenue increase from a) Solar Project and b) Contractual Bus Sale
• (5) Since 2017-2018 RSD6 does not pre budget carryover
• (6) Shared Services Agreement with Litchfield Public Schools

2020-2021 Town Assessment and Total Revenue

Town Assessments (ORIGINAL PROJECTIONS)

Warren $3,296,651.05 $3,296,651.05 $3,139,726.50 $-156,924.55 Morris $5,975,180.02 $5,975,180.02 $5,578,852.88 $-396,327.14 Goshen $8,035,586.93 $8,035,586.93 $8,588,838.62 $553,251.69 Total Town Assessments $17,307,418.00 $17,307,418.00 $17,307,418.00 $ - Total Revenue $19,905,863.00 $20,602,533.00 $20,238,358.00 $-364,175.00

2020-2021 Town Assessment (ANNUAL NET CHANGE)

Town 2020-2021 Assessment% Approved Credit 4.6.2020 Net Total Assessment (2020-2021) Net Assessment Change from 2019-2020 Warren 18.14% $90,704.65 $3,049,021.85

• $247,629.20

Morris 32.23% $161,169.42 $5,417,683.46

• $557,496.56

Goshen 49.63% $248,125.94 $8,340,712.68 $305,125.75 TOTAL 100% $500,000.00 $16,807,418.00

• $500,000.00

Notes:

• Board of Education placed freeze on capital projects on 3.30.2020
• $500,000 “Line Item Credit” (for Capital) approved by the Board of Education on 4.6.2020
• $500,000 credit applied to 2020-2021 Town Assessment
• Town choice on how their credit is applied (Spread out vs. Lump Sum)

Local Enrollment Changes (2012-2019) (October 1st Count)

167 163 150 152 146 126 128 121 318 302 298 292 291 243 232 215 387 357 327 324 322 317 312 331 50 100 150 200 250 300 350 400 450 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 Warren Morris Goshen

Local Revenue Changes (2012-2019)(*Projected for 2020)

$3,168,675 $3,128,812 $3,311,693 $3,260,832 $3,363,870 $3,329,227 $3,178,914 $3,296,651 $3,139,726 $6,122,525 $5,957,858 $6,135,775 $6,478,187 $6,462,171 $6,635,650 $6,130,762 $5,975,180 $5,578,853 $6,946,023 $7,250,601 $7,253,218 $7,108,614 $7,170,354 $7,342,541 $7,997,743 $8,035,587 $8,588,838 $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 Warren Morris Goshen

Total Assessment Changes (2012-2021)

$16,273,223 $16,337,272 $16,700,686 $16,847,633 $16,996,395 $17,307,418 $15,600,000 $15,800,000 $16,000,000 $16,200,000 $16,400,000 $16,600,000 $16,800,000 $17,000,000 $17,200,000 $17,400,000 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021

2020-2021 Proposed Expenses

2020-2021 Proposed Expenses

Category Budgeted Expense (2019-2020) Revised Expense (as of 2.1.2020) (2019-2020) Proposed Expense (2020-2021) Difference (Projected v. Revised) % Change (Proposed v. Revised)

1) Certified Salaries $8,703,787.00 $8,771,787.00 $8,830,745.00 $58,958.00 0.67% 2) Classified Salaries $2,779,987.00 $2,796,987.00 $2,421,309.00

• $375,678.00
• 13.43%

3) Employee Benefits $3,996,597.00 $3,996,597.00 $3,991,552.00

• $5,045.00
• 0.13%

4) Learning Programs and Contracted Services $1,054,788.00 $1,083,788.00 $1,103,234.00 $19,446.00 1.79% 5) Tuition $304,000.00 $354,000.00 $354,000.00 $0.00 0.00% 6) Transportation $996,279.00 $996,279.00 $996,279.00 $0.00 0.00% 7) Health Services (CLOSED) $15,385.00 $15,385.00

• $15,385.00

100.00% 7) Shared Services (NEW) $0.00 $0.00 $688,458.00 $688,458.00 100.00% 8) Administration $370,855.00 $370,855.00 $394,830.00 $23,975.00 6.46% 9) Operations and Maintenance $624,226.00 $632,226.00 $667,951.00 $35,725.00 5.65% 0) Capital and Debt $934,390.00 $1,353,390.00 $690,000.00

• $663,390.00
• 49.02%

CONTINGENCY $125,569.00 $ 249,239.00 $100,000.00

• $149,239.00

Total Expenses $19,905,863.00 $20,620,533.00 $20,238,358.00

• $382,175.00
• 1.85%

Major Cost (Original Budget for 2020-2021)

Category Item Cost Percent of Total 1) Certified Salaries $8,830,745 43.63% 2) Classified Salaries $2,421,309 11.96% 3) Employee Benefits $3,991,552 19.72% 4) Learning Programs $1,103,234 5.45% 6) Transportation $996,279 4.92% 7) Shared Services $688,458 3.40% 0) Capital and Debt * $690,000 3.41% All Other Categories $1,516,781 7.49%

$8,830,745 $2,421,309 $3,991,552 $1,103,234 $996,279 $688,458 $690,000 $1,516,781

*Note:

• Board of Education placed freeze on capital projects on 3.30.2020
• $500,000 “Line Item Credit” (for Capital) approved by the Board of Education on 4.6.2020

Category 1: Certified Salary

Category 1: Certified Salary

Certified Staff FY2020 Actual FY2021 Proposed Teachers - Pre School 2 2 Teachers - Regular Ed 53.6 53.4 Teachers - Enrichment 12.6 12.6 Teachers - Special Ed 11 11 Teachers - LA Curriculum 1 1 Teachers - STEM Curriculum (vacant) 1 Teachers - ASTE 7 7 Guidance Counselors 4 4 Psychologists 1.8 1.8 Speech 2 2 OT/PT 1.6 1.6 Social Workers 1.8 1.8 Library Media 1 1 Administrators 7.8 7.8 Total Certified Staff 107.2 108

Category 2: Classified Salary

Category 2: Classified Salary

Classified Staff FY2020 Actual FY2021 Proposed Paraeducators 23 23 Secretaries / Clerical 11 10 Fiscal 2 2 Human Resource / Payroll 1 1 Technology 2 2 Security 4 4 Facilities Maintenance 12 12 School Nurses (Includes LPN) 6 6 Total Non Certified Staff 61 60

Category 3: Benefits

Category 3: Employee Benefits

Notes:

• Medical / Life Ins (0%)
• Last year of “Severance Pay”
• Monitor – Unemployment Comp

Account Description FY18 Budget FY18 Actual FY19 Budget FY19 Actual FY20 Budget FY21 PROPOSED Change v. Budget % Change v. Revised

CATEGORY 3: EMPLOYEE BENEFITS CLOSED EARLY RETIREMENT $1,800 $1,800 $- $1,800 $- $- $- 0.00% 100-1000-2150-5-3-5-45 SICK BANK $- $- $25,000 $54,429 $25,000 $25,000 $- 0.00% 100-1000-2410-5-3-5-45 TUITION REIMBURSEMENT $33,000 $18,937 $17,000 $17,175 $17,000 $17,000 $- 0.00% 100-1000-2910-5-3-5-45 SEVERANCE PAY $191,820 $198,338 $125,687 $119,130 $125,687 $101,754 $(23,933)

• 19.04%

100-2300-2321-5-3-5-45 ANNUITY $28,439 $23,343 $25,203 $27,851 $25,203 $25,561 $358 1.42% 100-2400-2321-1-3-1-45 ANNUITY $6,155 $11,881 $6,560 $6,478 $5,725 $5,645 $(80)

• 1.40%

100-2400-2321-2.3.1-45 ANNUITY $6,078 $5,940 $6,479 $6,478 $6,543 $6,641 $98 1.50% 100-2400-2321-3.3.1-45 ANNUITY $6,078 $5,940 $6,479 $6,478 $6,543 $6,641 $98 1.50% 100-2400-2321-4-3-4-45 ANNUITY $12,688 $12,153 $13,537 $13,537 $13,672 $13,784 $112 0.82% 100-2500-2321-5-3-5-45 ANNUITY $3,467 $6,430 $3,467 $3,467 $8,913 $10,854 $1,941 21.78% 100-2800-2321-6-3-6-45 ANNUITY $6,078 $- $6,479 $6,478 $6,543 $6,641 $98 1.50% 100-2900-2110-5-3-5-45 MEDICAL/LIFE INS $2,597,347 $2,495,331 $2,827,022 $2,648,504 $2,998,079 $2,998,079 $- 0.00% 100-2900-2210-5-3-5-45 SOCIAL SECURITY/MIT $306,000 $292,720 $313,038 $308,895 $325,531 $341,794 $16,263 5.00% 100-2900-2320-5-3-5-45 PENSION $249,674 $258,687 $262,158 $267,437 $262,158 $262,158 $- 0.00% 100-2900-2510-5-3-5-45 UNEMPLOY COMP $10,000 $50,334 $40,000 $14,504 $40,000 $40,000 $- 0.00% 100-2900-2610-5-3-5-45 WORKERS COMP $142,931 $124,307 $145,971 $134,255 $130,000 $130,000 $- 0.00% CATEGORY 3 GRAND TOTAL $3,601,555 $3,506,141 $3,824,080 $3,636,898 $3,996,597 $3,991,552 $(5,046)

• 0.13%

Category 4: Learning Programs – Contracted Services

Category 4: Learning Programs

Notes:

• Removal of Computer Leases (-$7.35K)
• Increase to School Based Instructional Supplies (~5%)
• Increase to ASTE Instructional Supplies (~5%)
• Mental Health Shared Services ($30K)
• Maintain School Based Professional Development
• Maintain level of support for all programs
• Maintain “On-Site” Athletic Trainer (+$15K)
• Close “Inactive Accounts”

Photo Courtesy of James Morris School

Category 5: Tuition

Category 5: Tuition

Notes:

• Special Education Up From 2019-2020 Based on Placements ($50K)
• Monitor DCF Placements
• Monitor Enrollment Changes

Account Description FY18 Budget FY18 Actual FY19 Budget FY19 Actual FY20 Budget FY21 PROPOSED Change v. Budget % Change v. Revised

CATEGORY 5: TUITION 100-6110-5610-6-5-1-63 TUITION, PUBLIC $- $10,970 $- $- $- $- $- 0.00% 100-6110-5620-5-5-4-63 ADULT EDUCATION $3,988 $3,949 $4,000 $3,949 $4,000 $6,000 $- 50.00% 100-6130-5640-6-5-1-63 TUITION - PRIVATE $185,000 $61,022 $106,167 $104,827 $150,000 $174,000 $24,000 16.00% 100-6130-5640-6-5-4-63 TUITION - PRIVATE $275,000 $271,592 $258,833 $236,235 $150,000 $174,000 $24,000 16.00% CATEGORY 5 GRAND TOTAL $463,988 $347,532 $369,000 $345,011 $304,000 $354,000 $48,000 16.45%

Photo Courtesy of Goshen Center School

Category 6: Transportation

Category 6: Transportation

Notes:

• Lower Use Allows for 0% Total Change to Category
• Decreased Fuel Costs

Account Description FY18 Budget FY18 Actual FY19 Budget FY19 Actual FY20 Budget FY21 PROPOSED Change v. Budget % Change v. Revised

CATEGORY 6: TRANSPORTATION 100-2700-5100-1-6-1-80 CONTRACT TRANSPORTATION $49,350 $48,953 $50,830 $49,092 $52,100 $55,567 $3,467 6.65% 100-2700-5100-2-6-1-80 CONTRACT TRANSPORTATION $98,699 $97,907 $101,660 $97,785 $104,202 $108,911 $4,709 4.52% 100-2700-5100-3-6-1-80 CONTRACT TRANSPORTATION $98,699 $97,907 $101,660 $98,446 $104,202 $108,911 $4,709 4.52% 100-2700-5100-4-6-4-80 CONTRACT TRANSPORTATION $345,448 $349,304 $380,111 $372,032 $389,614 $388,208 $(1,406)

• 0.36%

100-2700-5100-6-6-1-80 SP ED TRANSPORTATION, PRESCH $49,350 $11,320 $20,030 $11,788 $50,830 $40,000 $(10,830)

• 21.31%

100-2700-5110-4-6-4-80 TECH SCHOOL TRANS $49,622 $46,954 $51,111 $49,235 $52,389 $55,567 $3,178 6.07% 100-2700-5120-6-6-1-80 SP ED TRANSPORTATION $53,150 $37,632 $84,744 $81,408 $84,651 $84,651 $- 0.00% 100-2700-5120-6-6-4-80 SP ED TRANSPORTATION $108,487 $87,181 $81,742 $56,770 $81,742 $81,742 $- 0.00% 100-2700-6260-1-6-1-80 TRANSPORTATION FUEL $16,380 $7,792 $16,871 $10,176 $13,800 $13,110 $(690)

• 5.00%

100-2700-6260-2-6-1-80 TRANSPORTATION FUEL $17,310 $8,250 $17,829 $10,774 $14,600 $13,870 $(730)

• 5.00%

100-2700-6260-3-6-1-80 TRANSPORTATION FUEL $18,340 $8,708 $18,890 $11,373 $15,450 $14,678 $(773)

• 5.00%

100-2700-6260-4-6-4-80 TRANSPORTATION FUEL $45,940 $21,083 $40,000 $29,268 $32,700 $31,065 $(1,635)

• 5.00%

CATEGORY 6 GRAND TOTAL $950,775 $822,992 $965,480 $878,146 $996,280 $996,280 $0 0.00%

Photos by Joseph Sylvester

Category 7: Shared Services (NEW)

Category 7: Shared Services

Notes:

• New Category Based on Shared Services with LPS
• Old “Category 7: Health Services” Absorbed into “Category 8”
• Includes Shared Superintendent, CFO, COO, HR, IT, and Central Office

Account Description FY18 Budget FY18 Actual FY19 Budget FY19 Actual FY20 Budget FY21 PROPOSED Change v. Budget % Change v. Revised

CATEGORY 7: SHARED SERVICES NEW ACCOUNT SHARED STAFF $- $- $- $- $- $668,458 $668,458 0.00% NEW ACCOUNT SHARED TECHNOLOGY $- $- $- $- $- $10,000 $10,000 0.00% NEW ACCOUNT SHARED SUPPLIES $- $- $- $- $- $10,000 $10,000 0.00% CATEGORY 7 GRAND TOTAL $- $- $- $- $- $688,458 $688,458 0.00%

Category 8: Administration

Category 8: Administration

Account Description FY18 Budget FY18 Actual FY19 Budget FY19 Actual FY20 Budget FY21 PROPOSED Change v. Budget % Change v. Revised

100-2100-6130-2-7-1-65 HEALTHCARE SUPPLIES $1,000 $187 $1,340 $1,289 $1,495 $1,495 $- 0.00% 100-2100-6130-3-7-1-65 HEALTHCARE SUPPLIES $1,399 $1,349 $1,840 $1,818 $1,840 $1,840 $- 0.00% 100-2100-6130-4-7-4-65 HEALTHCARE SUPPLIES $1,999 $1,827 $2,593 $3,051 $3,190 $3,190 $- 0.00% 100-2100-7350-4-7-4-65 NEW EQUIP, HEALTHOFFICE $800 $60 $800 $- $800 $1,000 $200 25.00% 100-2800-3320-1-7-1-65 MEDICAL FEES $698 $711 $725 $725 $750 $750 $- 0.00% 100-2800-3320-2-7-1-65 MEDICAL FEES $698 $711 $725 $725 $750 $750 $- 0.00% 100-2800-3320-3-7-1-65 MEDICAL FEES $698 $852 $725 $725 $750 $750 $- 0.00% 100-2800-3320-4-7-4-65 MEDICAL FEES $2,089 $2,708 $2,776 $2,765 $2,500 $2,500 $- 0.00% 100-2800-6130-5-7-5-65 HEALTHCARE SUPPLIES $1,076 $- $1,100 $1,280 $1,100 $1,100 $- 0.00% CLOSED MEMBERSHIP, ADMIN $310 $180 $- $- $- $- $- 0.00% CATEGORY 8 GRAND TOTAL $411,147 $417,859 $394,585 $371,367 $386,640 $394,830 $8,190 2.12%

Notes:

• Comp/Liab Insurance (+$10K)
• Internet Service (-$6K)
• Closed “Inactive Accounts”
• Transferred Health Service from Category 7

Photos Courtesy of Warren School

Category 9: Operations and Maintenance

Category 9: Operations and Maintenance

Account Description FY18 Budget FY18 Actual FY19 Budget FY19 Actual FY20 Budget FY21 PROPOSED Change v. Budget % Change v. Revised

Notes:

• Oil and Electric – Remain flat
• Increases preventative maintenance
• Increases in “basic” requirements (water testing, elevators, trash)

100-2600-7320-2-9-1-70 MAINT EQUIP REPLACEMENT $500 $- $500 $973 $500 $1,000 $500 100.00% 100-2600-7320-3-9-1-70 MAINT EQUIP REPLACEMENT $500 $- $1,000 $319 $1,000 $1,000 $- 0.00% 100-2600-7320-4-9-4-70 MAINT EQUIP REPLACEMENT $1,000 $- $1,000 $658 $1,000 $1,000 $- 0.00% CLOSED CLASSROOM FURN REPLACEME $5,000 $1,681 $- $- $- $- $- 0.00% CLOSED MEMBERSHIP $350 $- $350 $- $- $- $- 0.00% 100-4100-8910-1-9-1-70 CAPITAL REPAIRS $5,000 $650 $5,000 $905 $5,000 $5,000 $- 0.00% 100-4100-8910-2-9-1-70 CAPITAL REPAIRS $10,000 $1,132 $10,000 $5,203 $10,000 $10,000 $- 0.00% 100-4100-8910-3-9-1-70 CAPITAL REPAIRS $10,000 $37,621 $10,000 $9,594 $10,000 $10,000 $- 0.00% 100-4100-8910-4-9-4-70 CAPITAL REPAIRS $50,000 $220,179 $25,000 $29,982 $25,000 $25,000 $- 0.00% CATEGORY 9 GRAND TOTAL $731,489 $955,393 $738,767 $744,400 $624,226 $667,951 $43,725 7.00%

Photo by Alexandra Zielke

Category 0: Capital and Debt

Category 0: Capital and Debt

Notes:

• Expired Debt Services / Declining New Debt
• Capital Projects Suspended (3.2020)
• Capital Line Item ($500K) credited to towns

Account Description FY18 Budget FY18 Actual FY19 Budget FY19 Actual FY20 Budget FY21 PROPOSED Change v. Budget % Change v. Revised

CATEGORY 0: CAPITAL & DEBT SERVICE CLOSED BOND INTEREST $28,663 $28,737 $- $- $- $- $- 0% CLOSED ROOF INTEREST PAYMENT $54,000 $- $- $- $- $- $- 0% 100-4100-8400-5-0-5-90 CAPITAL RESERVE $- $250,000 $971,700 $975,556 $600,000 $500,000 $(100,000)

• 17%

100-4100-8500-5-0-5-95 DEBT PAYMENT $430,000 $430,000 $537,529 $535,649 $334,390 $190,000 $(144,390)

• 43%

100-4110-8600-5-0-5-90 CONTINGENCY $- $- $- $- $125,569 $100,000 $(25,569)

• 20%

CATEGORY 0 GRAND TOTAL $512,663 $708,737 $1,509,229 $1,511,205 $1,059,959 $790,000 $(269,959)

• 25%

Photo Courtesy of Goshen Center School

Expenses (By School – Per Pupil)

Certified Salary Costs (Per Pupil)

$9,278 $8,075 $7,928 $7,978 $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 Warren Morris Goshen WAMOGO FY18 FY19 FY20 FY21

Non-Certified Salary Costs (Per Pupil)

$2,000 $2,162 $1,689 $2,080 $- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 Warren Morris Goshen WAMOGO FY18 FY19 FY20 FY21

Transportation Costs

$817 $1,057 $680 $1,078 $- $200 $400 $600 $800 $1,000 $1,200 Warren Morris Goshen WAMOGO FY18 FY19 FY20 FY21

Building Operation Costs

$1,050 $912 $661 $920 $- $200 $400 $600 $800 $1,000 $1,200 $1,400 Warren Morris Goshen WAMOGO FY18 FY19 FY20 FY21

Capital Needs and Debt (January 2020)

Capital and Debt Outlook (Updated 4.2020)

Capital Savings (Proposed) Debt Responsibility

Year Proposed Actual Proposed v. Actual FY2017 $478,713.00 $478,713.00 $0.00 FY2018 $512,663.00 $555,575.00 $42,912.00 FY2019 $522,000.00 $535,649.00 $13,649.00 FY2020 $334,390.00 $334,390.00 $0.00 FY2021 $190,000.00 FY2022 $138,881.00 FY2023 $135,481.00 Contributions $2,312,128.00 $1,904,327.00 Year Proposed Actual Cumulative Capital FY2017 $75,000.00 $- $- FY2018 $- $250,000.00 $250,000.00 FY2019 $500,000.00 $975,556.00 $1,225,556.00 FY2020 $600,000.00 $1,011,928.00 $2,237,484.00 FY2021 $- $- $2,237,484.00 FY2022 $500,000.00 $2,237,484.00 FY2023 $500,000.00 $2,237,484.00 Contributions $2,175,000.00 $2,237,484.00

Location 1-2 Years 3-5 Years 6-10 Years Total District $37,500 $400,000 $437,500 WAMOGO $40,000 $1,715,000 $2,750,000 $4,505,000 Warren $0 $185,000 $570,000 $755,000 Morris $20,000 $425,000 $550,000 $995,000 Goshen $38,000 $680,000 $750,000 $1,468,000 TOTAL $135,000 $3,405,000 $4,620,000 $8,160,000

CAPITAL NEEDS SUMMARY (REVISED – December 2019)

Believe Anything is Possible