Fishers Island School 2020 2021 Bo E Budget

Fishers Island School 2020 -2021 Bo. E Budget Hearing May 26, 2020

Our Amazing Students 2

Budget Presentation • Fishers Island School • Budget FY 2020 vs. FY 2021 • Budget Summary and Roadmap • Questions and Voting Process Next Steps 3

Fishers Island School 4

Class of 2020 5

Class of 2020 - College Acceptances Bucknell University Northeastern University Temple University Clark University Norwich University The Citadel Denison University Rollins College The Pennsylvania State University De. Paul University Saint Anselm College United States Military Academy Dickinson College Salve Regina University at Buffalo (SUNY) Flagler College Skidmore College University of Connecticut (Avery Point) Gettysburg College Stetson University of the South (Sewanee) Hobart William Smith Colleges Stonehill College Virginia Military Institute Macalester College SUNY Albany Wheaton College Marquette University SUNY at Purchase College *Average SAT Score of 1250 6

FY 2021 vs FY 2020 Revenue Highlights • Tax levy, increase – 1. 73% - Total increase of 4. 9% since 2013 -2014 2020 -2021 Enrollment 33 Fishers Island Students 27 Connecticut Students 60 Total- Confirmed (5/26/20) • Projected tuition students, decrease – 11 (grads -5, status change -9, new students 3) Expenditure Highlights • Personnel and employee benefit mix, increase - $45, 745 • Faculty housing, increase - $25, 000 • COVID-19, increase - $17, 309 • Debt service, increase - $8, 000 • Conferences, supplies & field trips, decrease - $60, 187 • Outside services, decrease - $32, 850 7

Faculty Housing - $25, 000 to support General Repair/Maintenance of Faculty Housing Units (8) Combined with an increase in rent to ensure we are maintaining the District's assets in a responsible way 8

FY 2021 Revenue Tax Levy History FY 2021 Proposed Revenue $3, 290 $3, 264 $3, 270 Tax Levy - $3, 263, 513 • State Aid/BOCES - $291, 617 $3, 250 $3, 230 • Tuition (7 -12) - $68, 530 $3, 208 $3, 210 $3, 190 • $3, 201 $3, 208 $3, 200 • Tuition (4 -6) - $17, 787 $3, 184 • Rental Tower - $8, 034 $3, 170 • Total Revenue - $3, 649, 481 $3, 150 $3, 130 FY 2016 FY 2017 FY 2018 FY 2019 Black =Adopted Levy Red = Proposed Levy FY 2020 FY 2021 9

FY 2021 Expenditure Budget History FY 2021 Proposed Expenditure • Personnel - $2, 167, 607 • Equipment - $13, 900 • Contractual - $376, 115 • Conferences - $0 • Field trips - $16, 965 • Textbooks - $6, 543 • BOCES - $75, 972 $3, 550 • Supplies - $69, 474 $3, 500 • Admin fees & devel - $6, 000 • Debt service - $11, 000 • Employee Benefits - $895, 905 • Budget Reserves - $10, 000 • Total Expenditure - $3, 649, 481 $3, 800 $3, 750 $3, 706 $3, 700 $3, 656 $3, 650 $3, 637 $3, 649 $3, 600 $3, 450 $3, 400 FY 2016 FY 2017 FY 2018 FY 2019 Black =Adopted Budget Red = Proposed Budget FY 2020 FY 2021 10

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Budget Summary Roadmap 12

Voting Process & Next Steps • Full Detail Budget Posted to www. fischool. com • June 9 th – Absentee Voting - 5: 00 pm PO deadline – Follow all instructions on Ballot and Envelope – Ballots should be brought to PO window (DO NOT put in mailbox) • Ballots will be opened/counted by certified election officials on June 9 th. – Procedures in place to ensure confidentiality and privacy of vote 13

Questions? 14