North Babylon U.F.S.D Budget Adoption. April 20, 2017

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1 North Babylon U.F.S.D Budget Adoption April 20, 2017

2 PROPOSED BUDGET TAX LEVY CAP= $65,613,139 OR 3.86% INCR PROPOSED LEVY= $64,818,669 OR 2.60% INCR / $794,470 BELOW CAP OR DECR OF 1.26% STATE AID $47,210,092 = ($25,312) DECREASE OR (0.05%) TOTAL BUDGET $116,443,128 = $1,692,796 INCR OR 1.48% YEARLY COST TO AVERAGE HOMEOWNER = $7, INCR OF$ or 2.60%

3 PROPOSED STATE AID DOLLAR PERCENTAGE CATEGORY VARIANCE VARIANCE FOUNDATION AID $31,710,403 $32,579,240 $868, % TRANSPORTATION $3,299,314 $3,845,865 $546, % BOCES $1,495,381 $1,930,360 $434, % HIGH EXCESS COST $2,207,834 $1,847,124 ($360,710) % PRIVATE EXCESS COST $599,055 $660,918 $61, % HARDWARE & TECHNOLOGY $69,231 $71,094 $1, % SOFTWARE, LIBRARY, TEXTBOOK $395,042 $392,017 ($3,025) -0.77% HIGH TAX AID $1,678,344 $1,678,344 $0 0.00% SUPPLEMENTAL PUB EXCESS COST $129,755 $129,755 $0 0.00% BUILDING & REORG INCENTIVE $5,741,358 $4,075,375 ($1,665,983) % GAP ELIMINATION ADJUSTMENT -$90,313 0 $90, % TOTAL STATE AID $47,235,404 $47,210,092 ($25,312) -0.05% STATE Aid $40.7MM $39.4MM $39.0MM $38.9MM $40.5MM $41.6MM $44.8MM $47.2MM $47.2MM

4 FUND BALANCE ANALYSIS ACTUALS ACTUALS ACTUALS ACTUALS EOY EOY EOY EOY 6/30/2013 6/30/2014 6/30/2015 6/30/2016 REVENUES Real Property Taxes $58,319,832 $60,331,439 $61,460,703 $63,026,481 State Aid $38,931,977 $40,492,608 $41,574,605 $45,046,296 Other Revenue $1,376,409 $1,965,616 $1,602,199 $1,544,614 Total Revenue $98,628,218 $102,789,663 $104,637,507 $109,617,391 Total Expenditures $100,264,659 $104,530,626 $105,010,918 $106,950,263 Operating Surplus (Deficit) ($1,636,441) ($1,740,963) ($373,411) $2,667,128 Total Fund Balance, start of year $29,498,419 $27,861,978 $26,121,015 $25,747,604 Total Fund Balance, end of year $27,861,978 $26,121,015 $25,747,604 $28,414,732 Net change in Fund Balance ($1,636,441) ($1,740,963) ($373,411) $2,667,128

5 Reserves & Fund Balance RESERVES / FUND BALANCE June 30, 2014 June 30, 2015 June 30, 2016 Reserve for workers' compensation $2,866,467 $3,866,467 $3,875,040 Retirement contribution reserve-ers $1,615,579 $5,070,389 $5,881,708 Reserve for Insurance $664,106 $1,245,318 $1,248,083 Reserve for EBLAR $5,809,867 $6,800,645 $6,815,736 Reserve for unemployment insurance $823,197 $823,197 $825,015 Reserve for Capital $0 $0 $1,853,224 Reserve for encumbrances $72,980 $413,556 $280,559 Unreserved -Unappropriated $4,553,820 $4,528,032 $4,635,306 Unreserved -Appropriated $9,715,000 $3,000,000 $3,000,000 Total Available Reserves $26,121,016 $25,747,604 $28,414,631 Total Actual Revenue $102,789,663 $104,637,507 $109,617,391 Total Actual Expense $104,530,626 $105,010,918 $106,950,263 Excess or(deficit) ($1,740,963) ($373,411) $2,667,128

6 PROPOSITION No. 2-Bus Lease / Purchase In the event the voters approve the District budget contained at PROPOSITION NO. 1, that the Board of Education of the North Babylon Union Free School District is hereby authorized to lease- purchase two (2) school vans and three (3) school buses and to enter into an installment contract pursuant to Section 109 of the General Municipal Law to finance said lease-purchase for a total maximum cost of FOUR HUNDRED THIRTY FOUR THOUSAND THREE HUNDRED AND THIRTY ($434,330) Dollars payable in (5) annual installments of EIGHT SIX THOUSAND EIGHT HUNDRED AND SIXTY SIX ($86,866) Dollars each over a period of five (5) years, and to levy the necessary tax therefore. This PROPOSITION is contingent upon approval of the voters of PROPOSITION NO. 1.

7 PROPOSITION No. 3 AT LARGE ELECTION FOR BOARD OF EDUCATION TRUSTEE SEATS Shall the following resolution be adopted, to wit: RESOLVED, in all subsequent elections, vacancies for the Board of Education, shall not be filled as separate, specific offices, but candidates shall be elected at-large, and that the candidates petitions shall not describe any specific vacancy on the Board of Education for which the candidate is seeking election; such procedure shall be followed in future District residents elections until and unless such proposition is repealed by District residents at a regular election by the adoption of a proposition to repeal the same.

8 PROPOSITION No. 4 TO EXPEND FUNDS ALREADY DEPOSITED IN THE NORTH BABYLON U.F.S.D. CONSTRUCTION CAPITAL RESERVE FUND Shall the Board of Education of the North Babylon Union Free School District be authorized to expend funds already deposited in the North Babylon Union Free School District Construction Capital Reserve Fund which was established on May 17, 2016 ( Reserve Fund ) pursuant to Section 3651 of the Education Law for the following capital improvement projects: demolition of the District Transportation office building located at 225 Phelps Lane, North Babylon, N.Y.; the construction of a new District Transportation / Grounds building located in its place; the replacement of and construction of new playgrounds and replacement of interior doors and hardware at five (5) elementary schools; secondary recreation equipment and replacement of interior doors and hardware at Robert Moses Middle School and secondary recreation equipment at Brennan Middle / High School; auditorium sound system, theatrical lights and house lights at North Babylon High School; including ancillary or related work required in connection with such projects and to expend from the Reserve Fund, including preliminary costs and costs incidental thereto, an amount not to exceed the estimated total cost of THREE MILLION ONE HUNDRED ($3,100,000) Dollars.

9 TOTAL REVENUE OVR/(UNDER) DESCRIPTION BUDGET BUDGET BUDGET REAL PROPERTY TAXES + STAR $62,993,189 $63,176,228 $64,818,669 $1,642, % APPROPRIATED FROM RESERVES $0 $80,000 $0 ($80,000) N/A TOTAL OTHER REVENUE $1,258,700 $1,258,700 $1,414,367 $155, % TOTAL STATE AID $44,815,068 $47,235,404 $47,210,092 ($25,312) % TOTAL REVENUE $109,066,957 $111,750,332 $113,443,128 $1,692, % DESIGNATED FUND BALANCE $3,000,000 $3,000,000 $3,000,000 $0 0.00% TOTAL REVENUE $112,066,957 $114,750,332 $116,443,128 $1,692, % ACTUAL PROPOSED PROPOSED ACTUAL PROPOSED PROPOSED ASSESSED $ % VALUE TAX LEVY TAX RATE TAX RATE CHANGE CHANGE $32,356,698 $63,176,228 $ $ $ % TAX BILL INCREASE FOR AVERAGE HOMEOWNER AVERAGE ASSESSED $3,700 $7, $7, $ %

10 Property Tax Report Card NORTH BABYLON UFSD Contact Person: Salvatore Carambia Budgeted Proposed Budget Percent Telephone Number: Change (A) (B) (C) Total Budgeted Amount, not Including Separate Propositions A. Proposed Tax Levy to Support the Total Budgeted Amount 1 114,750, ,443, % 63,176,228 64,818,669 B. Tax Levy to Support Library Debt, if Applicable C. Tax Levy for Non-Excludable Propositions, if Applicable 2 D. Total Tax Cap Reserve Amount Used to Reduce Current Year Levy, if Applicable E. Total Proposed School Year Tax Levy (A + B + C - D) F. Permissible Exclusions to the School Tax Levy Limit G. School Tax Levy Limit, Excluding Levy for Permissible Exclusions 3 H. Total Proposed School Year Tax Levy, Excluding Levy to Support Library Debt and/or Permissible Exclusions (E - B - F + D) I. Difference: (G - H); (negative value requires 60.0% voter approval) 2 Public School Enrollment Consumer Price Index 63,176,228 64,818, % 543,034 2,145,159 62,633,194 62,673,510 62,633,194 62,673, ,710 4, % 1.26% 1 Include any prior year reserve for excess tax levy, including interest. 2 Tax levy associated with educational or transportation services propositions are not eligible for exclusion under the School Tax Levy Limit and may affect voter approval requirements. 3 For , includes any carryover from and excludes any tax levy for library debt or prior year reserve for excess tax levy, including interest. Actual Estimated (D) (E) Adjusted Restricted Fund Balance Assigned Appropriated Fund Balance Adjusted Unrestricted Fund Balance Adjusted Unrestricted Fund Balance as a Percent of the Total Budget 20,498,806 17,398,806 3,280,559 3,000,000 4,590,013 4,657, % 4.00%

11 BUDGET HEARING TUESDAY MAY 9 th, :00 P.M. BUDGET VOTE TUESDAY, MAY 16, 2017 BETWEEN THE HOURS OF 7:00 AM AND 9:00 PM VOTING AT: MARION G. VEDDER ELEMENTARY (DISTRICT # 1) PARLIAMENT PLACE ELEMENTARY (DISTRICT #2) WOODS ROAD ELEMENTARY (DISTRICT #3) BELMONT ELEMENTARY (DISTRICT #4) THANK YOU