Budget Planning April 13, 2015 Board of Education Meeting. Instruction, State Aid, Tax Cap, Tax Freeze & Budget Summary

Transcription

1 Budget Planning April 13, 2015 Board of Education Meeting Instruction, State Aid, Tax Cap, Tax Freeze & Budget Summary

2 Where we stand today What we know What we don t know State Aid! (and tax cap) Mohonasen Support Staff and Supervisor Contracts Health Insurance Information Retirement System Contributions Workers Compensation Rates State Aid! (tied to new APPR) NCLB Status: Focus School? Our participation rate on the state exams is expected to be below 95% Mohonasen Teachers Association and Administrators Association Contracts 4/13/15 1

3 Working Budget Expenses Increases to Expenses Loss of Grants $800,000 Health Insurance $225,000 SPED Placements $350,000 Social Security $80,000 BAN Payment $65,000 Additional FTE (12.7) $750,000 Other $450,000 Total Increase $2,720,000 Decreases to Expenses Teachers Retirement $725,000 Employees Retirement $125,000 Bus Bonds $65,000 Worker s Compensation $30,000 Bond Refinancing $20,000 Unemployment $150,000 Total Decrease $1,115,000 Net Expenses Increase: $1,605,000 4/13/15 2

4 Working Budget Revenue Increases to Revenue Tax Levy (2.17%) $535,000 State Aid (7.16%) $1,370,000 Total Increase $1,905,000 Decreases to Revenue Unemployment Reserve $150,000 Other Revenue $150,000 Total Decrease $300,000 Net Revenue Increase: $1,605,000 State Aid Details GEA Restoration - $1,176,215 (64%) of GEA restored GEA of $662,153 remains Foundation Aid $46,637 (0.365%) increase This is approximately $4 million below current foundation aid calculation Building Aid $36,736 increase from prior projections Interest recalibration delayed until /13/15 3

5 Projected Average Class Size for Grade Level Current Enrollment (14-15) # of Sections (14-15) Average Class Size (14-15) Projected Enrollment (15-16) # of Sections (15-16) K Class sizes in grades 7-12 will vary depending on class/subject area. Average Class Size (15-16) 4/13/15 4

6 Proposed Staffing Increases for * 4 FTE Elementary Teachers 2 FTE Teacher Assistants 1 FTE ESL Teacher 1 FTE OT/Speech Therapist 1 FTE Elementary Assistant Principal 1 FTE ELA Academic Administrator Special Education Teacher(s) 0.5 Technology Teacher 0.5 Physical Education Teacher 0.2 Social Worker Reinstatement of Assistant Coaches Summer School Administrator Teacher Leader Positions ** *Contingent upon stateapproval of new APPR plan by November 15, **Continuation of initiatives begun in the STLE Grants 4/13/15 5

7 Projected Expenditures Budget Projected Budget as of 4/13/15 $ Change Instruction $23,614,294 $25,610,860 $1,996,566 Employee Benefits Operations& Maintenance $11,949,743 $11,284,900 -$664,843 $2,303,290 $2,421,590 $118,300 Transportation $2,163,701 $2,254,430 $90,729 District Support $1,785,185 $1,890,750 $105,565 Debt Service $4,591,816 $4,548,217 -$43,599 Total $46,408,029 $48,010,747 $1,602,718 4/13/15 6

8 Projected Revenues Projected Budget (as of 4/13/15) $ Change State Aid $19,201,281 $20,562,454 $1,361,173 Property Tax Levy $24,663,248 $25,197,543 $534,295 Fund Balance Appropriation $1,125,000 $1,075,000 -$50,000 Reserve Appropriation $750,000 $600,000 -$150,000 BOCES Rental $311,750 $250,000 -$61,750 Interfund Transfer $0 $0 $0 Other Revenue (Interest, Fees, Cont. Ed., Admissions, Bldg. Use) $356,750 $325,750 -$31,000 Total $46,408,029 $48,010,747 $1,602,718 4/13/15 7

9 PROJECTED Mohonasen Tax Levy Limit Calculation Prior year tax levy $24,663,248 Tax base growth factor (if any)* X Payments in lieu of taxes (PILOTs) receivable during prior year + $15,661 Taxes levied for exemptions during prior year (not ERS & TRS) - $356,833 Adjusted Prior Year Tax Levy = $24,415,796 Allowable levy growth factor (lesser of 2% or CPI) X Payments in lieu of taxes (PILOTs) receivable in coming year - 0 Available carryover (if any) + 0 Tax Levy Limit = $24,811,332 Coming School Year Exclusions + $386,211 Maximum Allowable Tax Levy (requiring simple majority approval of more than 50% of voters) = $25,197,543 Maximum allowable tax levy increase (percentage) 2.17% *provided by NYS Tax & Finance Dept. 4/13/15 8

10 Assessed Value vs. Full Value Town Assessed Value Equalization Rate Full Value/Market Value Current Tax Rate (per $1,000 of assessed value) Total Current Taxes Tax Rate with 2.17% Tax Levy Rotterdam $150, % $150,000 $17.02 $2,553 $17.39 $.37 increase Guilderland $135,000 90% $150,000 $18.91 $2,553 $19.32 $.41 increase Colonie $102, % $150,000 $24.86 $2,553 $25.40 $.54 increase Total Taxes with 2.17% Tax Levy $2,608 $55 increase $2,608 $55 increase $2,608 $55 increase 4/13/15 9

11 Property Tax Freeze What is the Property Tax Freeze and how does it work? Established in State Law in 2014, it encourages local governments to generate long-term tax relief through sharing services; consolidating or merging; and demonstrating and implementing operational efficiencies. Districts MUST show 1 percent in savings over the base year ( ) tax levy. For Mohonasen, this equals $246,642. Efficiency Plans must be submitted by June 1, 2015 to the New York State Division of Budget (DOB). Mohonasen Initiatives and Efficiencies: - Health Insurance Premium Givebacks MSSA, MAA and MSA - Transportation consolidation of bus runs, coordination with other districts - Ed Data cooperative purchasing - CASHIC new prescription initiative 4/13/15 10

12 Property Tax Freeze - Continued What does it mean for our taxpayers? - Qualified homeowners will receive a tax rebate. - To qualify, a homeowner must: - Be eligible for the School Tax Relief (STAR) property tax exemption; and - Live in a taxing jurisdiction that both: - Limits any increase in its tax levy to a property tax cap set by law; and - Develops and implements a Government Efficiency Plan determined to be compliant by the New York State Division of Budget (DOB). 4/13/15 11

13 Pupil Transportation PROPOSED Bus Purchase Requests 2 - Full size 66 passenger buses 4 Type A 34 passenger van/buses Proposition Amount = $460,000 Less State Share of Trans. Aid 69.1% = ($317,860) Est. Budget Impact District Share over 5 years = $142,140 (approx. $28,428 per year) No impact to budget - Debt/bond payments and state aid payments begin school year following a bus purchase, in this case Would increase current bus payment by under $5,000. 4/13/15 12

14 Contingent Budget Rules What happens if the budget is rejected by voters? If the proposed budget is not approved by the voters, the district may resubmit the original budget or submit a revised budget to the voters on the third Tuesday in June OR adopt a contingency budget that levies a tax no greater than that of the prior year (0% increase in the tax levy). If the resubmitted/revised budget proposal is NOT approved by the required margin, the Board MUST adopt a budget that levies a tax no greater than that of the prior year (0% increase in the tax levy) AND the budget would be subject to contingent budget requirements. Under a Contingency Budget, some items would need to be cut from the budget to meet the law with respect to definition of contingency appropriations. Cuts would be to student supplies, community use of buildings and grounds, certain equipment purchases and salary increases. 4/13/15 13

15 Board of Education Vacancies Three (3) at large seats Three-year terms At least 30 signatures required on petition Petitions are currently available in the District Office Petitions are due back to the District by Monday, April 20th at 5 p.m. 4/13/15 14

16 Questions and Discussion 4/13/15 15

17 Next Steps April 21, 2015: Adoption of budget proposal Regular BOE Meeting, 7 p.m./hs LGI May 11, 2015: Budget Hearing & Meet the Candidates Night 6 p.m./hs LGI May 19, 2015: Annual Budget Vote & BOE Election 7 a.m.-9 p.m./hs Gym 4/13/15 16