Budget and Proposition Information

Transcription

1 Whitney Point Central School District Budget and Proposition Information Budget Hearing: May 6, 2014

2 The Mission of the Whitney Point Central School District is.. to provide an excellent education ensuring that all children maximize their potential, become contributing citizens, and pursue lifelong learning.

3 Budget Development Goals 1. Develop a REASONABLE TAX LEVY within the applicable regulations 2. Maintain FOCUS ON EDUCATION 3. Build a SUSTAINABLE budget

4 Proposed Budget Current Budget: $ 32,499,049 Proposed Budget: $ 33,171,129 Proposed Increase: $ 672,080 Percentage of Budget Increase: 2.07% Proposed Tax Levy Increase: 1.89%

5 Budget Comparison Net of Foundation Aid & GEA Budget 28,421,058 28,441,263 30,621,707 31,041,874 32,499,049 33,171,129 Foundation Aid 14,915,632 14,915,632 14,915,632 15,005,125 15,050,140 15,166,655 Gap Elimination (Total $5.2 Million) -0- (938,576) (1,843,359) (1,382,520) (820,407) (246,123) Net 14,915,632 13,977,056 13,072,273 13,622,605 14,229,733 14,920,532 Budget Increase from $4,750, % Net Foundation Aid Increase from $ 4, %

6 Revenue Projection Revenue Projection Change State Aid with Building Aid $22,573,738 $23,037,329 $ 463,591 Other Revenues $ 775,000 $ 1,001,900 $ 226,900 Appropriated Fund Balance $ 1,200,000 $ 1,100,000 ($ 100,000) Use of Reserves $ 525,000 $ 466,251 ($ 58,749) Tax Levy (Increase of 1.89% for ) $ 7,425,311 $ 7,565,649 $ 140,338 Total $32,499,049 $33,171,129 $ 672,080

7 Budget by Component Comparison % 21.78% Admin Capital Program 8.73% 21.61% Admin Capital Program 69.88% 69.66% Administrative Capital Program Total $2,710, % $7,079, % $22,708, % $32,499, $2,894, % $7,167, % $23,109, % $33,171,129 Change $ 183, % $ 87, % $ 400, % $ 672, %

8 Administrative Component: Adopted Budget Proposed Budget $ Change % Change $ 2,710,356 $ 2,894,283 $183, % Salaries & benefits of administrators, supervisors and support staff Public information & central printing Tax collection Legal services & insurance Board of Education administrative costs Financial operations BOCES administrative and capital costs

9 Administrative Component: Adopted Budget Proposed Budget Board of Education $ 7,100 $ 6,817 Central Administration $ 178,959 $ 179,003 Finance $ 405,062 $ 451,974 Legal & Printing $ 95,989 $ 88,429 Special Items $ 205,834 $ 285,883 Curriculum D&S $ 178,221 $ 203,740 Supervision - Regular School $ 650,078 $ 598,329 Supervision - Other $ 130,768 $ 209,566 Employee Benefits $ 858,345 $ 870,542 Total Administrative Component: Dollar Change Percent Change $ 2,710,356 $ 2,894,283 $183, %

10 Capital Component: Adopted Budget Proposed Budget $ Change % Change $ 7,079,742 $ 7,167,489 $ 87, % Salaries & benefits of custodial staff Operations & maintenance Debt service on buildings School bus purchases

11 Capital Component: Adopted Budget Proposed Budget Central Services $ 1,646,277 $ 1,721,129 Special Items $ 90,960 $ 15,000 Debt Service $ 4,865,286 $ 4,931,316 Employee Benefits $ 477,219 $ 500,044 Total Capital Component: Dollar Percent Change Change $ 7,079,742 $ 7,167,489 $ 87, %

12 Program Component: Adopted Budget Proposed Budget $ Change % Change $ 22,708,951 $ 23,109,357 $400, % Salaries & benefits of teachers, guidance counselors, aides, monitors, nurses, social workers, psychologists, speech therapists, etc. Programs for students with disabilities and special schools Mandated training and professional development Library/media/computer services Instructional hardware & software Textbooks, materials, supplies & equipment Student transportation Athletics and co-curricular activities

13 Program Component: Adopted Budget Proposed Budget Teaching Regular School $ 7,387,389 $ 7,269,058 Programs for Students with $ 3,233,716 $ 3,513,644 Disabilities Teaching Special Schools $ 819,176 $ 848,453 Instructional Media $ 1,218,057 $ 1,234,134 Pupil Personnel Services $ 721,435 $ 710,025 Co-Curriculum/Athletic Activities $ 402,815 $ 437,422 Pupil Transportation $ 1,823,943 $ 1,795,871 Employee Benefits $ 7,102,420 $ 7,265,750 Inter-fund Transfer $ -0- $ 35,000 Total Program Component: Dollar Percent Change Change $ 22,708,951 $ 23,109,357 $400, %

14 How Are My School Taxes Calculated? Current Tax Levy = $7,425, *Assessed (Taxable) Value of Property per Town ($319,410,902) Barker 85.2 M Chenango 22.1 M Lisle 87.5 M Maine 1.7 M Nanticoke 39.9 M Triangle 75.6 M Greene 21.6 TH Smithville TH Lapeer 37.5 TH Willet 891 TH Richford 5.6 M 2013 Equalization Rate (State Generated) Barker % Chenango 66.25% Lisle % Maine 66.22% Nanticoke 55.00% Triangle 63.00% Greene 95.00% Smithville 67.00% Lapeer 92.00% Willet 99.00% Richford % = *True Value of Property per Town ($409,017,069) Barker 85.2 M Chenango 33.4 M Lisle 87.5 M Maine 2.6 M Nanticoke 72.5 M Triangle M Greene 22.7 TH Smithville 1.0 M Lapeer 40.7 TH Willet 901 TH Richford 5.6 M Barker 20.84% Barker 1.5 M *Percent of Levy per Town = True Value per Town Total True Value of all Towns ($409,017,069) Chenango 8.16% Chenango 607 TH Lisle 21.41% Maine.63% Nanticoke 17.75% Triangle 29.36% Greene.01% Smithville...24% Lapeer.01% *Dollar Portion of Tax Levy per Town = Tax Levy X *Percent of Levy per Town Lisle 1.6 M Maine 48 TH Nanticoke 1.3 M Triangle 2.2 M Greene $413 Smithville 18 TH *Tax Rate per Thousand = Dollar amount of Levy per Town (Assessed Value of Property per Town/1,000) Barker $ Chenango $ Lisle $ Maine $ Nanticoke $ Triangle $ Greene $ Smithville $ Lapeer $740 Lapeer $ Willet.22% Willet 16 TH Willet $ Individual Tax Bill = Taxable Value (individual home/property) X Tax Rate per Thousand (Taxable Value = Assessed Value (individual home/property) STAR and other exemptions) *Rounded Note: Final assessment rolls from Broome, Tioga, Cortland, and Chenango counties, as well as final equalization rates from the State Office of Real Property, will not be available until August 2014 to determine the tax rates. Richford 1.37% Richford 102 TH Richford $ 18.15

15 Sample Calculation for $100,000 True Value Property Located Within: Town of Barker Town of Lisle Assessed (Taxable Value) $ 100,000 $ 100,000 $ 59,000 $ 100,000 Equalization Rates 100% 100% 59% 100% True Value $ 100,000 $ 100,000 $ 100,000 $ 100,000 Tax Rate per $1,000 $ $ $ $ Projected Tax Bill $ 1,753 $ 1,815 $ 1,753 $ 1,815 Increase from Year to Year $ 62 $ 62

16 Projected Tax Impact* Average True Value $100, tax rate (per $1,000) $ projected tax rate (per $1,000) $ Projected tax rate increase (per $1,000) $.44 Projected annual tax increase $ Average tax increase per month $ 3.66 Average tax increase per day $ 0.12 *Based on an average of the eleven municipalities having property in the district. Subject to changes in equalization rates, STAR exemptions and assessments.

17 ACCOMPLISHING OUR BUDGET GOALS Develop a REASONABLE Tax Levy Maintain FOCUS ON EDUCATION Build a SUSTAINABLE Budget BUDGET HIGHLIGHTS AND INNOVATION Increase Tax Levy by 1.89% (our maximum allowable tax levy was 2.89%) Reduce the reliance on fund balance and plan for the future Avoid staff reductions Introduce American Sign Language as a foreign language offering (or additional half-time Spanish Teacher) Develop THREE new Summer Enrichment Programs (various grade levels) Create new Special Education Classroom providing the ability to educate more of our students at Whitney Point CSD with the addition of one full-time special education teacher Ability to sustain the modified 4:00 bus run that was reintroduced into our budget during the year with much success Participate in a Math Professional Development Collaboration (Harpursville, Deposit) Continue to offer high quality educational opportunities and remain in compliance with all educational mandates Continue responsible stewardship of our facilities

18 Budget Proposition Shall the Board of Education of the Whitney Point Central School District be authorized to appropriate for the budget the sum of $33,171,129 for the school year and levy the necessary tax therefore with a projected tax levy increase of 1.89%?

19 Proposition for the Election of Board of Education Members Four seats will be up for re-election: Candidates: Thomas Tasber Kathleen Driscoll Stephanie Champney Any other potential write-in candidate The candidates receiving the highest three vote totals will be elected to serve a three-year term. The candidate with the lowest vote total will serve a two-year term. All terms would commence on July 1, 2014.

20 Proposition to Establish a Capital Reserve Fund Capital Reserve Fund (Education Law, Section 3651) A capital reserve fund allows the district to set aside money for future construction projects, renovations and major repairs. It can be likened to a savings account. Creation of a capital reserve fund REQUIRES VOTER APPROVAL establishing the purpose of reserve, the ultimate amount, its probable term and the source of the funds. Expenses from this reserve also REQUIRE VOTER APPROVAL. Funds added to this reserve would REQUIRE BOE APPROVAL.

21 Capital Reserve Fund Proposition A separate proposition will be placed on the May 20 th ballot seeking voter approval to establish a capital reserve fund with the ultimate cap of this fund being $7 million over a ten-year period to address future construction projects, renovations and repairs within the district. Establishing a capital reserve fund allows the district to continue planning for the long-term facility needs of our district.

22 Don t Forget to Vote! Tuesday, May 20, 2014 Whitney Point High School Cafeteria 1:00 PM 8:00 PM