The 2019-20 School Budget
On Tuesday, June 18, Minisink Valley Central School District residents approved the 2019-20 school budget in a 2,449 to 1,085 revote.
The results showed 69.3 percent of voters approved the proposed budget, achieving a 60 percent plus one supermajority.
The $95.3 million proposed budget is a $4,676,257 reduction from the 2018-19 spending plan. The approved 2.46 percent tax levy increase means residents who own a home with a $300,000 fair market value will have $165 tax increase for the next school year.
This approved budget reflects additional spending cuts from the initial proposed budget rejected by voters on May 21.
The approved budget also uses $5,311,500 of the district’s fund balance.
“We are extremely grateful to our residents for approving this budget,” said Superintendent Brian Monahan. “Reducing the budget required us to make some very difficult decisions. However, this budget allows the district to provide a quality academic program to our students while continuing to offer a range of extracurricular and athletic experiences to prepare them to be college, career and civic ready. Our residents asked us to identify ways to cut costs to lower the tax levy and we have accomplished that with this budget. Our commitment is to the Minisink community and our students to provide quality instructional programming and learning opportunities.”
Mr. Monahan added: “Thank you to everyone who supported this budget. We pledge to remain focused on doing everything possible to ensure our community supports the work we do to provide the best possible education to our students.”
2019-20 voter approved budget at a glance
TAX LEVY: 2.46 percent
SPENDING DECREASE: $4,676,257
The initial 2019-20 Proposed budget at a glance*
PROPOSED 2019-20 BUDGET: $97,466,466
PROPOSED TAX LEVY: 7.97 percent
SPENDING DECREASE: $2,524,779
* This proposal was voted down on May 21, 2019.
2018-2019 budget summary
Budget-to-Budget Spending Increase: $2,584,181 (+2.65 percent)
Proposed Tax Levy: 2.60 percent
- “Budget 101” Fact Sheet
- The Three Numbers Under the NYS Tax Levy Cap
- NYS Tax Levy Cap: How Does it Add Up?
The Audit Committee and Financial Statements
School district finances are subject to internal and external auditing, which promote both accountability and transparency. The Minisink Valley Central School District Audit Committee, which is made up of Board members and community members, is charged with providing independent advice, assistance, and recommendations to the board in the oversight of the internal and external audit functions.
Each year, in accordance with New York State regulations, an independent auditor conducts a review of the district’s financial statements. After the audit is completed, it is reviewed by the Audit Committee and accepted by the Board. This typically takes place in the fall.
Audit report for prior years are available upon request.
The Capital Improvement Project
Minisink Valley Central School District voters approved a $36.9 million capital improvement project by a vote of 559-171 on Feb. 7, 2017. To learn more: The Minisink Valley School District $36.9 capital improvement project