District Budget Proposal Final Budget Presentation April 2, 2012

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1 District Budget Proposal Final Budget Presentation April 2, 2012

2 Budget Update Budget passed Additional $180,688 Increase in Foundation Aid $40,063 GEA Restoration $140,625 Refunding bonds negotiated still waiting for approval from Comptroller (April 18 th ) Decreases debt service $31,274 for Decreases debt service $35,400 for Increases allowable tax levy to 5.88% due to net of additional savings in &

3 Budget Update Changes to Prioritized Cuts Level 1 no change Level 2 43,444 deducted from cut list Reading Coach added back summer days needed for curriculum work Added back Modified Athletics, Drama, Field Trips directly affect kids Level 3 no change

4 Option I Budget Summary Proposed Final $ % Description Adopted Proposed Cuts Proposed Incr(Decr) Incr(Decr) Budgeted Expenditures General Support 2,763,655 2,813,461 57,799 2,755,661 (7,994) -0.29% Instruction 8,898,145 9,511, ,796 9,191, , % Transportation 462, , ,506 5, % Employee benefits 3,721,861 4,436,303 68,413 4,367, , % Debt service 2,703,613 2,886,684-2,886, , % Interfund transfers/other 44,635 50,620-50,620 5, % Total Budget 18,594,400 20,165, ,009 19,719,861 1,125, %

5 Budget Cuts Recommended Elementary teacher Eliminate through possible attrition $ 77,868 Special Ed Breakage through possible attrition $ 35,179 Elementary teacher Eliminate through possible attrition $ 85,485 IST Technology Eliminate through possible attrition $ 82,316 Phys Ed Eliminate through possible attrition (1/2 year) $ 15,785 Modified Soccer Eliminate $ 5,753 Cleaner Eliminate through possible attrition $ 34,729 BOCES Distance Learning Decrease discretionary monies $ 5,000 BOCES On line Learning Decrease discretionary monies $ 6,000 BOCES Summer School Decrease discretionary monies $ 8,000 BOCES Library Services Decrease discretionary monies $ 5,911 BOCES Library Services Eliminate $ 15,884 BOCES Science Resource Learning Bus Eliminate Science Bus $ 7,000 BOCES Arts In Ed Eliminate discretionary monies $ 3,366 BOCES Computer Services Copiers Decrease budget for overages $ 20,000 Total Level 1 $ 408,276

6 Budget Cuts Recommended, cont. BOCES SIP Sub Reimbursement Decrease by 1/2 $ 4,000 BOCES Model Schools Stipends Decrease by 1/2 $ 2,902 Conferences Eliminate $ 6,666 Extra curricular stipends Eliminate HS Student Council, Drama, National Honor Society, MS Yearbook, MS Store $ 5,806 Courier Eliminate position $ 4,347 Office clerical positions Reduce from 12 months to 11 months $ 14,012 Total Level 2 $ 37,733

7 Budget Cuts Not Recommended Foreign Language reduce to.5 FTE $ 19,840 Clerical Position Eliminate position $ 31,553 Teacher Aides (3) Eliminate position $ 76,986 Teaching Assistants (2) Eliminate position $ 42,550 MS Eliminate position/additional stipends (8 hour day; 11 months) $ 8,892 Business Teacher Eliminate position $ 60,567 Eliminate 1 Social studies & share MS weliminate position $ 46,949 All Athletics Eliminate remaining $ 211,421 LPN Eliminate position $ 35,579 Library/Media Eliminate position $ 55,785 Music Teacher Eliminate position $ 70,102 Art Eliminate position $ 52,447 Elementary PE Eliminate position $ 145,047 Kindergarten Eliminate position $ 183,558 Total Level 3 $ 1,041,278

8 Option I Revenue Summary Additional Use of Reserves % Incr(Decr ) Estimated Revenue Adopted Proposed Final Proposed $ Incr(Decr) State Aid 9,961,434 10,275,265 10,275, , % Other Revenues 815, , ,852 57, % Use of Reserves 481, , , , , % Appropriated fund balance 600, , , % Total revenue without levy 11,858,262 12,177, ,321 12,587, , % Tax Levy needed 6,736,138 7,988,843 7,132, , % Tax levy cap amount 7,132, , % Amount over(under) cap %

9 Option I Use of Reserves Reserves Available $1,789,676 Use of Reserves Cover Workers Compensation Premium Cover Unemployment Payments Cover Employees Retirement System (ERS) contribution Reverse Tax Certiorari from 2008 Additional Reserves to be applied Total Use of Reserves $1,789,676 $84,560 $25,000 $303,000 $16,349 $410,321 $839,230 Remaining Reserves Available $950,446

10 Option II** Budget Summary Possible Proposed Final $ % Description Adopted Proposed Addl Savings Cuts Proposed Incr(Decr) Incr(Decr) Budgeted Expenditures General Support 2,763,655 2,813,461 57,799 2,755,661 (7,994) -0.29% Instruction 8,898,145 9,511, ,796 9,191, , % Transportation 462, , ,506 5, % Employee benefits 3,721,861 4,436, ,984 68,413 3,957, , % Debt service 2,703,613 2,886,684-2,886, , % Interfund transfers/other 44,635 50,620-50,620 5, % Total Budget 18,594,400 20,165, , ,009 19,309, , % **Assumes additional savings recognized prior to budget adoption

11 Option II** Revenue Summary Additional Use of Reserves % Incr(Decr ) Estimated Revenue Adopted Proposed Final Proposed $ Incr(Decr) State Aid 9,961,434 10,275,265 10,275, , % Other Revenues 815, , ,852 57, % Use of Reserves 481, , ,247 (51,800) % Appropriated fund balance 600, , , % Total revenue without levy 11,858,262 12,177, ,177, , % Tax Levy needed 6,736,138 7,988,843 7,132, , % Tax levy cap amount 7,132, , % Amount over(under) cap (0) 0.00% **Assumes additional savings recognized prior to budget adoption

12 Option II Use of Reserves Reserves Available $1,789,676 Use of Reserves Cover Workers Compensation Premium Cover Unemployment Payments Cover Employees Retirement System (ERS) contribution Reverse Tax Certiorari from 2008 Additional Reserves to be applied Total Use of Reserves $1,789,676 $84,560 $25,000 $303,000 $16,349 $338 $429,247 Remaining Reserves Available $1,360,429

13 Estimated Taxes on $100,000 House at Tax Cap Levy (5.88% 5.88%) Proposed Budget Property Value $100,000 $100,000 Tax rate per $1000 of assessed value Average School Tax Bill * $2,167 $2,294 Basic STAR Exemption ** $643 $655 Average tax due after STAR $1,524 $1,639 Annual $ tax increase(before STAR) $127 Monthly $ tax increase(before STAR) $10.58 Annual $ tax increase(after STAR) $115 Monthly $ tax increase(after STAR) $9.58

14 Contingent Budget/ Tax Levy $7,132,513 Tax Levy with Proposed Cuts $6,736, Tax Levy $396,375 Difference to reach Contingency Recommendation would be to use combination of additional cuts and reserves Budget is $23,125 over Administrative Cap would have to cut this amount from Administrative budget before any other cuts

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16 We are THE Elmira Heights CSD Where kids come first and WE MATTER!