Proposed Budget. Balancing Economic Realities with Maintaining Quality and Excellence

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1 Proposed Budget Balancing Economic Realities with Maintaining Quality and Excellence May 14, 2013

2 PROPOSED BUDGET #1 PROGRAM COMPONENT #2 CAPITAL COMPONENT #3 ADMINISTRATIVE COMPONENT

3 FUNCTION CODE AMOUNT Legal Services (1/2) 1420 $37,245 Instruction 2999 $13,022,441 Other transportation 5510 $1,282,648 Garage Building 5530 $30,600 Contract Transportation 5540 $400,000 Employee Benefits 9098 $6,542,491 Transfer to Federal 9530 $47,000 Transfer to Cafeteria 9530 $80,000 Total proposed program expenditures $21,442,425

4 FUNCTION CODE AMOUNT Operation & Maintenance 1620 $1,597,725 Judgment & Claims 1930 $2,000 Refund of Taxes 1964 $1,000 Employee Benefits 9098 $505,584 Debt Service 9898 $1,499,113 Transfer to Capital 9530 $99,000 Total proposed capital expenditures $3,704,422

5 FUNCTION CODE AMOUNT Board of Education 1099 $13,253 Central Administration 1299 $210,963 Finance 1399 $417,202 Legal Services (1/2) 1420 $36,000 Human Resources 1430 $83,021 Public Information (printing) 1480 $32,063 Other Central Services 1660 $42,500 Data Processing 1680 $50,426

6 FUNCTION CODE AMOUNT Insurance 1910 $93,453 Association Dues 1920 $8,720 Other specific items 1989 $202,279 Curriculum Development 2010 $88,586 Regular School Supervision 2020 $511,354 Evaluation & Planning 2060 $20,806 In-service 2070 $25,592 Instruction 2999 $11,520 Employee Benefits 9098 $525,260 Total proposed administrative expenses $2,372,998

7 Capital 13% Admin. 9% Program 78% Administrative Component $ 2,372,998 Program Component $21,442,425 Capital Component $ 3,704, Proposed Budget $27,519,845

8 Program Component $20,067, proposed $21,442,425 +$1,374, % increase to the total budget 78% of total budget

9 Capital Component $3,885, proposed $3,704,422 -$181,562.69% decrease to the total budget 13% of total budget

10 proposed $2,379,329 $2,372,998 -$6,331.03%decrease to the total budget 9% of total budget

11 Proposed Budget for proposed $26,333,060 $27,519,845 $1,186, % increase to the total budget

12 Restored: 1 FTE Elementary Classroom Position 1 FTE Elementary Computer/Technology Position.5 FTE Library Media Specialist (Assigned to the ES).05 FTE Home & Careers Position (Assigned to the MS) New: 2 Part-time (6 hour) Aides (To support students with Special Needs IEP) Computer Technician Support Reduction:.6 FTE Social Studies.1 FTE Art This will result in the reduction of some electives offered at the HS, electives may also be offered every other year.

13 Budget Proposed Budget Change Salaries (professional) $9,729,600 $10,392, % Salaries (support) $2,746,923 $2,858, % Employee Benefits $6,707,199 $7,573, % Equipment $53,982 $62, % Supplies & Textbooks $559,895 $597, % Contract Services $2,746,912 $2,484, % BOCES Services $1,968,023 $1,826, % Debt Service $1,538,526 $1,499, % Interfund Transfers $282,000 $226, % TOTAL $26,333,060 $27,519, %

14 Salaries & Benefits, 76% Interfund Transfers, 1% Equipment, Debt Service, Supplies & 5% Textbooks, 2% BOCES, 7% Contractual Services, 9%

15 Budget Budget Amount Budget % Increase Tax Levy % Increase Budget $26,333,060.99% 3.12% Rollover Budget (Current programs) Proposed Budget ($205,195 in reductions from Rollover) 0% Tax Levy Budget (requires an additional $584,444 in reductions) $27,725, % 5.3% $27,519, % 3.9% $26,935, % 0%

16 NYS Employees /Teachers Retirement Increases our Budget by $597, % Increase 4.5% minus 2.3% equals 2.2% Increase

17 To contain costs through shared services with other districts and/or working collaboratively with BOCES. Examples include: Pupil Personnel Administrator Shared Service Summer Transportation Routes Questar III BOCES Central Business Office and other services DCMO (Delaware Chenango Madison Otsego) BOCES cooperative purchasing Capital Region BOCES Labor Negotiations Service Electricity Bid (3 districts) Fixed price for 3 years Fuel Bid (DCMO) BOCES Fixed price for the 13/14 school year Rensselaer-Columbia-Greene Health Insurance Trust

18 STAR Reimbursement 7% All Other Revenues 6% Real Estate Taxes 50% State Aid 37% Actual Budget Appropriated Fund Balance $ 490,000 $ 535,000 Proposed Budget $ 490,000 $ 535,000 Real Estate Taxes/STAR $ 14,985,755 $ 15,570,199 State Aid $ 9,574,267 $10,172,333 All Other Revenue $ 748,038 $ 752,313 TOTAL $ 26,333,060 $ 27,519,845

19 45% 44% 44% 42% 40% 37% 36% 37% 35% 30% 25% 20% 15% 10% 5% 0% Proposed

20 Appropriated Fund Balance $535,000 (additional) Reserve Funds $287,613 TOTAL $822,613

21 Must follow an 8-step formula determined by N.Y.S. Formula limits the increase in the vast majority of expenses to 2% or less Result of formula determines the amount that property taxes can increase setting a threshold for voter approval If tax increase is less than or equal to the threshold amount, budget passes with 50% plus 1 or more of the voters voting yes If tax increase is greater than the threshold amount, budget passes with 60% or more of the voters voting yes If budget is defeated twice, no increase in tax levy is permitted

22 The state legislature and the governor enacted legislation that establishes a Property Tax Cap on the amount that a school district s tax levy can increase Goal: Method: Provide property tax relief Limit the annual growth in taxes by schools, counties, towns and villages School districts must calculate their limit each year. The Tax Levy Limit determines the maximum allowable tax levy a district can pass with a simple majority

23 Prior Year Tax Levy $14,985,755 Tax Base Growth Factor X Subtotal Prior Year Tax Levy $15,062,185 Payments in Lieu of Taxes (PILOTS) Taxes Levied for Exemptions During Prior Year: Capital Expenditures Net of State Aid - $484,641 n/a Adjusted Prior Year Tax Levy $14,577,541 Allowable Levy Growth Factor (Lesser: CPI or 2%) X 1.02 Subtotal Growth Adjusted Tax Levy $14,869,092 Payments in Lieu of Taxes (PILOTS) 8,528 Tax Levy Limit $14,860,564 Taxes Levied for Exemptions During Coming Year: - Capital Expenditures Net of State Aid + $479,699 Pension Cost Exemptions >2% + $246,179 Maximum Allowable Tax Levy Amount = $15,586, %

24 The Tax Levy Limit Calculation prepared and sent to the State on March 1 st was $15,586,442 an increase of 4.01% Tax Levy $14,985, Proposed Tax Levy (Below the Allowable Tax Levy Limit) $15,570,199 $584,444 Percentage increase 3.9% The Tax Levy proposed for is BELOW the Tax Cap Threshold (50% plus 1 voter approval is required) This is the limit for the Tax Levy It is not a limit on individual Tax Rates Tax rates are controlled by assessments and equalization rates which are not known until August

25 GCS HAS 11 TOWNS IN THE DISTRICT GCS will collect 3.9% more in property taxes than last year Factors that effect individual tax rates: New properties added to the assessor rolls Properties removed from the assessor rolls (example: property going to a tax exempt status) Changes in assessed values (assessor rolls due to District by July 1) Equalization rates A change in the assessed value or equalization rate in one town will affect the proportion of tax levied for that town and all other towns. Example : 2012/13 Budget Tax Levy increase was 3.12%. The range of Tax Rates for the Eleven (11) towns in the district was 1.65% %

26 Increase to Budget Increase to Tax Levy 4.5% 3.9%

27 $27,519,845 $26,371,947 $26,155,360 $26,075,037 $26,333, $496,044 Increase 1.92% ($216,587) Decrease -.82% Budget ($80,323) Decrease (-.31%) Budget $258,023 Increase.99% Proposed $1,186,785 Increase 4.5%

28 3.69% 3.12% 3.90% 1.82% 1.90% Proposed Budget

29 5.00% 4.00% 3.69% 4.50% 3.90% 3.00% 3.12% 2.00% 1.92% 1.82% 1.90% 1.00% 0.99% 0.00% -0.31% -1.00% -0.82% -2.00% Budget 1.92% -0.82% -0.31% 0.99% 4.50% Levy 3.69% 1.82% 1.90% 3.12% 3.90%

30 Although the Tax Levy Cap formula would allow a levy exceeding 4%, every effort should be made to keep the levy no higher than 3.9% Supports the restoration of the Elementary School teaching position, the Elementary School Computer Technology position and the Elementary School.5 Library Media Specialist. Every effort be explored to make the cafeteria operation revenue neutral.

31 If the community does not support the budget, (two votes) a contingency budget is adopted which can not exceed the levy. A reduction of $584,444 in planned spending and programs would be required. By NYS Law Includes: a. Remove non-contingent items equipment b. Charge for community use of buildings and grounds