Proposed Budget. Presented: March 18, 2013

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1 Proposed Budget Presented: March 18, 2013

2 Budget Goals Maintain existing instructional programs Support Next STEP strategic plan initiatives Continue existing athletic and cocurricular programs at all levels Propose a fully funded budget within the confines of the Tax Levy Cap

3 Enrollment Enrollment Estimated Enrollment # Change % Change Pre K % FJC % JAE % RPMS (32) (3.99%) RPHS % Out of District % Total 3,520 3, %

4 Per Pupil Expenditures Source: New York State School Report Card Fiscal Accountability Supplement, School Year.

5 Expenditure Summary Approved Budget Proposed Budget $ Change % Change $71,574,012 $74,261,582 $2,687, %

6 Expenditure Growth By Area Expenditure Area Teacher Salaries & Benefits Support Staff Salaries & Benefits Percentage of Total Expenditure Growth Dollar Increase in Expenditures 68.40% $1,839, % $454,805 Administrative Salaries & Benefits 6.20% $165,895 Total of All Other Expenditure Areas 8.48% $227,651 Total % $2,687,570

7 Expenditures Debt Service & Fund Transfers 5.6% Benefits 21.2% Transportation 6.2% Comm Ed / Summ Sch 0.8% Instruction - Special Education 17.6% Gen Admin 2.1% Instruction - General Education 31.4% Central Svcs 7.4% Curriculum & Bldg Admin 3.4% Athletics & PPS 4.2%

8 Major Expense Categories Budget Prop. Budget Percentage Change General Administration $1,637,790 $1,596,025 (2.55%) Central Services $5,534,186 $5,615, % Curriculum & Bldg Admin $2,447,667 $2,501, % Instruction Gen. Ed. $22,796,217 $23,364, % Instruction Special Ed. $13,071,151 $13,297, % Athletics & PPS $3,064,229 $3,123, % Transportation $4,530,000 $4,637, % Benefits $14,139,057 $15,823, % Debt Service & Fund Trf. $3,735,144 $3,702,819 (0.86%) AHS/ALC/Summer/Other $618,571 $600,120 (2.98%) Total Expenditures $71,574,012 $74,261, %

9 Major Revenue Categories Budget Proposed Budget Percentage Change State Aid Regular* $19,833,249 $21,240, % State Aid Building* $2,587,645 $2,596,696.35% Other Revenue $293,500 $293, % Applied Fund Balance $2,600,000 $2,600, % Appropriated Reserves $1,376,498 $1,052, % Tax Levy $44,883,120 $46,479, % Total Revenue $71,574,012 $74,261, % *(Estimated based on Governor's aid proposal)

10 About the Tax Cap What is the Tax Cap? Starting with the school year: Places a cap (often referred to as 2% but actually based on a calculation) on the growth in tax levy for budgets approved by the traditional 50%+1 vote margin Requires a 60% voter approval for any tax levy growth above the Cap Mandates a 0% tax levy growth if voters do not approve the budget Are there any exemptions to the Tax Cap? Yes, the calculation includes a variable allowance for: Changes in expenditures due to voter approved capital expenditures Changes in contributions to pension plans in excess of 2% of payroll (for TRS will grow by 4.41% of payroll) Court ordered judgments RPUFSD estimated tax levy growth cap = 3.56% This figure is subject to change based on final NYS aid figures

11 Source: NYS Comptroller s Office TAX CAP CALCULATION

12 Rocky Point Tax Cap Calculation Prior Year Tax Levy $44,883,120 Tax Base Growth Factor Sub-Total $44,977,375 Prior Year PILOT $0.00 Sub-Total $44,977,375 Prior Year Exemptions (Capital Levy) $799,188 Adjusted Prior Year Levy $44,178,187 Allowable Growth Factor (Lesser of CPI or 2%) 1.02 Sub-Total $45,061,750 PILOT for new year $ 0.00 Sub-Total $45,061,750 Available Carryover $ 0.00 Sub-Total $45,061,750 New Year Exemption (Capital Levy) $752,297 ERS/TRS Exemption $665,899 Maximum Allowable Levy $46,479,946 % of Tax Levy 3.56%

13 Potential Impact of Contingency Budget Should the proposed budget not receive 50%+1 support from voters: Same or revised budget could be proposed by the Board of Education for a second vote If final vote does not produce 50%+1 voter support expenditures would be cut by approximately $1.6 million Potential cuts to expenditure areas would likely include: Instruction loss of positions and programs Instructional Support loss of support staff and academic resources Athletics reduction or elimination of teams Deferral of maintenance of facilities Elimination of free use of facilities by many community organizations.

14 The proposed budget: Efficient and effective Efficient level of spending per pupil Continuing to build a high quality school system through: Increased rigor (New A.P. courses, common core, improved alignment) Academic support (ICARE, SHARP, ALC, AHS, credit recovery) Organizational development Co-curricular opportunities (maintenance of athletics, fine and performing arts, clubs and organizations)

15 The overarching goal: Success for all students Success is found at the intersection of many roads Core Instruction Success Special Education

16 Capital Reserve Fund 2013 Proposition New Capital Reserve Fund to provide mechanism to set aside funds for future capital projects Provides a means for funding capital projects without incurring new long-term debt Key features of proposed Capital Reserve Fund: Probable term of fund - not to exceed 10 years Maximum fund value - $10 million (plus interest earnings thereon) Voter approval required to utilize funds No funds allocated in the budget for this fund

17 Budget Summary Proposed Expenditures.$74,261,582* Proposed Budget to Budget Increase % Proposed Estimated Tax Levy..$46,479,243** Year Over Year Estimated Tax Levy Increase.3.56% *Requires 50%+1 voter approval **Complies with the tax levy cap

18 Dates to Remember Public Budget Hearing May 7, 2013, 5:30 p.m. High School Auditorium School Budget Vote & Board of Education Elections May 21, 2013, 7:00 a.m. 9:00 p.m. Rocky Point High School Gymnasium