Public Hearing for Proposed School Budget

Transcription

1 Public Hearing for Proposed School Budget Board of Education Meeting May 3, 2017 Brian D. Russ, Superintendent Paul Blowers, School Business Manager 1

2 Agenda Budget Challenges Factors that Helped to Balance the Budget Adjustments for Balancing the Budget State Aid Information/Projections Appropriations/Revenues Items Excluded & Included in the Proposed Budget Tax Impact Property Tax Relief Credit Full Value Tax Rates by School District Strength of Proposed Budget Budget Development Calendar Discussion 2

3 Budget Challenges Re-Cap Reduction of Appropriated Fund Balance - $400,000 Increase in Mandated Student Services - $1,060,000 Increase in Transportation Services - $454,000 Total Budget Challenges - $1,914,000 3

4 Positive Factors that Helped to Balance the Budget Reduction of TRS and ERS Contribution Rates Health Insurance Increase Well Below Industry Average Enhanced Retirement Incentive Reduction in Expenses for Utilities Increased State Aid 4

5 Adjustments Needed to Balance Budget Tax Levy Increase from $1,321,000 State Aid Increase from $379,000 Net Budgetary Reduction from $214,000 Total Budget Adjustments - $1,914,000 5

6 State Aid Projection Adjustments Since 4/3/17 Aid Category Actual Adopted Variance Foundation $4,468,643 $4,591,083 $122,440 Transportation 855, ,596 19,044 BOCES 653, , ,818 Public Excess Cost 305, ,019 83,930 Private Excess Cost 67,241 30,866 (36,375) Textbook/Lib/Software 169, , Hardware 29,586 29, Subtotal $6,549,184 $7,024,748 $475,564 Building Aid 1,866,828 1,744,987 (121,841) TOTAL $8,416,012 $8,769,735 $353,723 6

7 Appropriation Adjustments Necessary to Balance Proposed Budget Reduce Administrative Staff 1.0 FTE Reduce Teacher Staff at Parkdale 1.2 FTE s Reduce Teacher Staff at the Middle School 1.2 FTE s Reduce Teacher Staff at the High School 1.2 FTE s Reduce Special Education Staff 1.6 FTE Reduce Non-Teaching Staff Districtwide 3.0 FTE s Eliminate Public Relations Representative 7

8 Items Included in the Proposed Budget Additional Remedial Student Support Services 2.0 FTE s Equipment for Technology, Instruction & Buildings and Grounds Professional Development Textbooks Advanced Placement Courses 8

9 Items Included in the Proposed Budget Art, Business, Health, Home & Careers, Library, Music, PE, STEM and Technology Modified, Junior Varsity & Varsity Athletics Student Clubs & Extra-Curricular Activities Additional Career, Tech Education & Alternative Education Placements 9

10 Projected Revenues Category Tax Levy $20,465,729 Sales Tax 2,000,000 State Aid 8,794,735 Appropriated Reserves 400,000 Appropriated Fund Balance 0 Interfund Transfer 785,559 Other Sources 788,350 TOTAL $33,234,373 10

11 Components of the Proposed Budget Category Appropriations Appropriations Increase (Decrease) Percent Change Salaries $13,765,780 $13,863,861 98, % Fringe Benefits 6,392,972 6,195,070 (197,902) -3.10% Supplies/ Equipment 639, ,845 57, % Contractual 2,863,940 3,155, , % BOCES 3,866,281 4,668, , % Transportation 1,395,000 1,880, , % Sub-Total $28,923,089 $30,461,073 1,537, % Debt Service/Transfers 2,751,213 2,773,300 22, % Totals $31,674,302 $33,234,373 1,560, % 11

12 Re-Cap of the Preliminary Budget Proposed Budget April 19, 2017 $33,234,373 Current Budget $31,674,302 Increase in Tentative Budget $1,560,071 Percent Increase in Tentative Budget 4.93% Projected Tax Levy Increase 6.9% 12

13 Estimated Tax Rates Town Estimated Tax Rate Aurora $40.52 Colden $34.99 Elma $

14 Tax Impact Tax Levy increase 6.9% Tax Impact on a House Assessed for $100,000 is $

15 Property Tax Relief Credit Chapter 20 of the 2015 Tax Law amends Section 606 to create a new STAR Rebate for Eligibility - Receive current STAR Exemption - District must be Tax-Cap Compliant 2016 Credit $185 for residents with incomes less than $200,000 15

16 Basic STAR Credit Qualified AGI Tax Year 2017 Tax Year 2018 Tax Year 2019 AGI < $75,000 28% 60% 85% $75,000 - $150, % 42.5% 60% $150,000 - $200,000 13% 25% 35% $200,000 - $275, % 7.5% 10% Sliding Scale Percentage of STAR Savings ( is $464) 16

17 Enhanced STAR Credit Tax Year 2017 Tax Year 2018 Tax Year % 26% 34% Sliding Scale Percentage of STAR Savings ( is $976) 17

18 Full Value Tax Rates by School District District Full Value Tax Rate District Full Value Tax Rate Cheektowaga-Sloan $33.05 Tonawanda City $17.63 Cleveland Hill $27.48 West Seneca $17.62 Depew $21.57 Sweet Home $17.39 Ken-Ton $20.64 Cheektowaga $16.90 Hamburg $20.46 Lancaster $16.83 North Collins $20.25 Lakeshore $16.49 Grand Island $19.05 Lackawanna $16.38 Eden $19.02 Iroquois $16.31 Williamsville $18.54 East Aurora $15.03 Orchard Park $18.39 Frontier $14.40 Cheektowaga-Maryvale $17.77 Clarence $14.34 Springville $17.68 Holland $

19 Strengths of Proposed Budget Helps to maintain programming K 12 Preserves Teaching Talents Much needed increase in total revenue sources 4.9% Zero reliance on Fund Balance to support expenditures Opportunities to exceed revenue estimates in the areas of Transportation, Excess Cost & Building Aid Proper level of unallocated appropriations to support unanticipated expenditures Opportunity for substantial Transportation savings Opportunities to increase Fund Balance at Fiscal Year End Good possibility of stopping the trend of annual expenses exceeding revenues 19

20 Budget Presentation Calendar May 3 Hold Hearing on Proposed Budget May 4 Senior Citizen Center Budget 12:30PM May 9 May 10 May 11 Mail Out the Budget Notice Rotary Club Budget 7:30AM (Roycroft Inn) Joint PTO Budget 7:00PM (MS Library) League of Women Voters Candidate 7:00PM (MS Library) Kiwanis Club Budget 12:00PM (Roycroft Inn) May 16 Annual Budget Vote 20