Elba Central School District Budget Hearing. May 7, :30 p.m.

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1 Elba Central School District Budget Hearing May 7, :30 p.m.

2 Mission Statement The purpose and tradition of Elba Central School District and its community is to empower and inspire our students to be continuous learners who are challenged to succeed.

3 Introduction of Board Candidates One seat is available on the Elba Central School District Board of Education. Candidate seeking office is Candy Bezon The position is for a five-year term commencing on July 1, 2018 and expiring on June 30, 2023.

4 Budget Proposition PROPOSITION # 1 - Annual Budget AUTHORIZATION TO APPROVE THE ELBA CENTRAL SCHOOL BUDGET AS FOLLOWS: BE IT RESOLVED, that the budget for Elba Central School District No. 1, Towns of Elba, Byron, Stafford, Batavia and Oakfield, County of Genesee, State of New York, for the fiscal year commencing July 1, 2018 and ending June 30, 2019, as presented by the Board of Education as set forth showing expenditures of $9,720,931 is hereby approved and adopted and the required funds therefore are hereby appropriated and the necessary real property taxes required shall be raised by a tax on the taxable property in said District to be levied and collected as required by law.

5 Budget Proposition PROPOSITION No. 2 Authorization to Appropriate and Expend From Transportation Vehicle and Equipment Capital Reserve BE IT RESOLVED, that the Board of Education of the Elba Central School District authorize the purchase of one (1) 65 passenger school bus, at an estimated aggregate cost of $106, and to appropriate and expend from the existing school bus reserve fund for such costs.

6 Purchase of a 65 Passenger Bus The purchase of a bus will qualify for up to 90% state transportation aid. The projected cost for one 65 passenger bus to the community is $10,665.

7 Capital Project The proposed budget also includes $100,000 for student lockers and a state approved walk in vault. The $100,000 will be funded through the Capital Reserve Fund and will bear no additional impact on taxpayers. The District will receive up to 90% State Aid on this project.

8 Budget Revenues Adopted Proposed USE OF MONEY AND PROPERTY INTEREST/PENALTIES REAL PROPERTY TAXES $2,000 $2,000 BOCES TRANSPORTATION $2,000 $4,000 INTEREST AND EARNINGS $2,000 $3,500 RENTALS $1,500 $1,250 COMMISSIONS $1,000 $0 SALE OF SCRAP AND EXCESS MATERIAL $0 $5,000 INSURANCE RECOVERIES $0 $500 OTHER COMPENSATION FOR LOSS $1,000 $500 OTHER UNCLASSIFIED REVENUES $20,000 $20,000 SOAR $12,000 $20,000 (Shared Opportunities and Resources) TOTAL $41,500 $56,750

9 Budget Revenues Adopted Proposed STATE AID FOUNDATION AID $4,371,219 $4,553,051 BUILDING AID $367,415 $ TRANSPORTATION AID $217,731 $349,568 BOCES $500,059 $531,465 SOFTWARE, LIBRARY, TEXTBOOK $31,442 $29,280 COMPUTER HARDWARE $7,267 $6,629 NYS - PUBLIC EXCESS COST $35,478 $47,638 PRIVATE EXCESS COST $31,032 $63,686 MEDICAID $20,000 $20,000 TOTAL $5,581,643 $5,931,299

10 Budget Revenues Adopted Proposed RESERVES $327,300 $407,300 ASSIGNED FUND BALANCE $280,484 $285,780 PROPERTY TAX LEVY Including PILOTS $3,042,912 $3,039,802

11 REVENUES Adopted Proposed $9,273,839 9,720,931 Revenues increased $447,092 or 4.82%

12 Proposed Budget Expenditures Three- Part Budget Summary New York State mandates that school districts release their proposed budget in a three-part format: Administrative Budget Program Budget Capital Budget

13 Proposed Budget Expenditures Budget Proposed Difference Administrative Budget $1,143,943 $1,172,175 $28,232 Central Administration $135,405 $138,972 $3,567 Board of Education $27,826 $29,000 $1,174 Central Office/Finance Services $361,606 $363,766 $2,160 Legal Services $0 $0 $0 Insurance $45,000 $45,000 $0 BOCES Administrative $139,435 $137,239 -$2,196 School Supervision $188,267 $206,871 $18,604 Employee Benefits $246,404 $251,327 $4,922

14 Proposed Budget Expenditures Budget Proposed Difference Program Budget $6,998,171 $7,399,365 $401,194 In-Service Training $5,098 $14,134 $0 Salaries $3,575,812 $3,662,420 $86,608 Instructional $397,555 $461,434 $63,879 BOCES Instruction $720,427 $849,880 $129,453 Extracurricular $242,140 $286,377 $44,236 Transportation $175,505 $205,897 $30,392 Employee Benefits $1,881,634 $1,919,223 $37,589

15 Proposed Budget Expenditures Budget Proposed Difference Capital Budget $1,131,724 $1,149,390 $17,666 Debt Service $298,349 $298,549 $200 Operation of Plant $394,834 $400,103 $5,269 Maintenance of Plant $196,540 $201,499 $4,959 Employee Benefits $112,002 $114,239 $2,237 Capital Outlay Project $100,000 $100,000 $0 Transfer to Funds $30,000 $35,000 $5,000

16 Proposed Budget Expenditures Proposed Proposed Administrative Component $1,143,943 $1,172,175 $28, % Program Component $6,998,171 $7,399,365 $401, % Capital Component $1,131,724 $1,149,390 $17, % $9,273,839 $9,720,931 $447,092 Budget Change Percent 4.82%

17 Reserve Balances Reserve Funds: Workers Compensation Fund $677,208 * Voter approval not required to create or expend from it Unemployment Insurance Fund $736,465 * Voter approval not required to create or expend from it Retirement Contribution Fund $643,337 * Voter approval not required to create or expend from it Employment Benefit Reserve Fund $339,461 * Voter approval not required to create or expend from it Capital Reserve Fund (Capital Projects & Capital Outlay) $403,906 Capital Reserve Fund (Transportation & Vehicle) $435,720 * voter approval to create it and expend from it General Capital Reserve Fund 2017 $850,497 * voter approval to create it and expend from it $4,086,594

18 Tax Cap Compliant The tax levy increased 2% or $59,244, which is below our allowable tax cap limit of 4.73%. PILOT s (Payments In Lieu Of Taxes is a payment made to compensate a government for property tax revenue lost due to tax exempt ownership) reached full value, therefore reduced local share by $62,355. The true tax rate is projected to remain stable, or decrease slightly, depending on finalized assessments in July Towns specific tax rates will vary based upon equalization rates.

19 Overall Budget Proposal Budget Adopted for the School Year Budget Proposed for the School Year Contingency Budget for the School Year * Total Budgeted Amount, Not Including Separate Propositions $9,273,839 $9,720,931 $9,666,941 Increase/Decrease for the School Year $447,092 -$53,990 Percentage Increase/Decrease in Proposed Budget 4.82% -.56% Change in the Consumer Price Index Total Proposed School Year Tax Levy, Including Levy to Support Library Debt, if applicable 2.13% $2,962,193 $3,021,437 $3,021,437 Total Permissible Exclusions $152,347 $172,249 A. Proposed School Year Tax Levy, Not Including Levy for Permissible Exclusions or Levy to Support Library Debt $2,919,478 $2,930,011 B. School Tax Levy Limit, Not Including Levy for Permissible Exclusions $2,919,478 $2,930,011 Difference: A - B (Positive Value Requires 60.0% Voter Approval $0 $0 Administrative Component $1,143,943 $1,172,175 $1,172,175 Program Component $6,998,171 $7,399,365 $7,363,875 Capital Component $1,131,724 $1,149,390 $1,130,891 Under the Budget Proposed for the School Year Estimated Basic STAR Exemption Savings 1 $629 1 The basic school tax relief (STAR) exemption is authorized by section 425 of the Real Property Tax Law.

20 STAR Rebate Check Program STAR Exemptions apply for owner-occupied, primary residences as follows: The Basic STAR exemption applies to owner-occupied, primary residences where the resident owners income is less than $500,000. The Enhanced STAR exemption provides an increased benefit for the primary residences of senior citizens (age 65 and older) with qualifying incomes of $86,000 or less.

21 Property Tax Relief Credit The property tax relief credit will be a percentage of a homeowner s STAR benefit, with lower incomes receiving a higher percentage benefit. For each year you are eligible for the property tax relief credit you will automatically receive a check. To qualify you must: live in a school district that is complying with the NYS Property Tax Cap, receive either the Basic or Enhanced STAR Property Tax Relief, have an income of $275,000 or less, and have paid school property taxes in 2017.

22 Voter Qualifications 1. A citizen of the United States. 2. Must be at least 18 years of age. May be asked to show proof of age such as driver s license or birth certificate. 3. A resident within the District for a period of at least 30 days or more prior to the voting date. You do not need to be registered to vote.

23 May Budget Vote Tuesday, May 15, 2018 Noon to 9:00 pm Auditorium Lobby This year s budget vote will continue to be by paper ballot.

24 QUESTIONS Thank You From the Elba Central School District Board of Education