2014-2015 Undistributed Budget and Estimated Revenues Presentation - - PowerPoint PPT Presentation

2014-2015 Undistributed Budget and Estimated Revenues Presentation

March 25,2014

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Non-Instructional Budget Summary

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2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 Board of Education 10,529 15,834 20,157 18,977 25,530 6,553 34.53% Central Administration 200,004 177,926 180,300 186,166 184,529 (1,637)

• 0.88%

Finance 313,728 305,672 300,477 304,687 313,500 8,813 2.89% Staff 53,369 97,369 150,559 120,676 122,712 2,036 1.69% Central Services 1,219,503 1,208,025 1,184,894 1,209,665 1,289,897 80,232 6.63% Special Items (Contractual) 235,800 233,300 242,014 242,976 257,000 14,024 5.77% Pupil Transportation 959,735 873,070 857,248 797,446 784,021 (13,425)

• 1.68%

Community Services 2,900 2,900 1,200 1,200 1,200 0.00% Total Non-instructional 2,995,568 2,914,096 2,936,849 2,881,793 2,978,389 96,596 3.35% Functional Area 13-14 to 14-15 Adopted Budget Adopted Budget Adopted Budget Adopted Budget Proposed Budget Dollar Change Percent Change

Instructional Budget Summary

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2011-2012 2012-2013 2013-2014 2014-2015 Adopted Adopted Adopted Proposed Dollar Percent Budget Account Budget Budget Budget Budget Change Change 2020 Supervision-Regular School 524,814 495,776 491,291 455,263 (36,028)

• 7.33%

2060 Research, Planning & Evaluation 0.00% 2070 Inservice Training-Instruction 55,685 90,470 101,270 136,490 35,220 34.78% 2110 Teaching-Regular School 5,321,236 5,248,668 5,274,232 5,395,493 121,261 2.30% 2250 Prg For Sdnts w/Disabil-Med Elgble 2,497,040 2,191,887 2,139,756 2,287,036 147,280 6.88% 2280 Occupational Education(Grades 9-12) 465,074 476,972 506,984 527,001 20,017 3.95% 2330 Teaching-Special Schools 35,670 55,000 70,000 70,100 100 0.14% 2610 School Library & AV 224,078 233,895 242,974 237,322 (5,652)

• 2.33%

2630 Computer Assisted Instruction 504,629 509,277 553,890 614,510 60,620 10.94% 2805 Attendance-Regular School 9,760 10,375 11,855 12,278 423 3.57% 2810 Guidance-Regular School 258,508 262,141 266,905 281,958 15,053 5.64% 2815 Health Srvcs-Regular School 104,564 105,646 108,781 116,492 7,711 7.09% 2816 Diagnotic Screening 145,725 150,709 153,700 162,699 8,999 5.85% 2825 Social Work Srvcs-Regular School 142,184 143,508 141,539 146,293 4,754 3.36% 2850 Co-Curricular Activ-Reg Schl 70,971 72,424 95,659 98,937 3,278 3.43% 2855 Interscholastic Athletics-Reg Schl 223,937 234,588 247,853 247,095 (758)

• 0.31%

Total Instructional 10,583,875 10,281,336 10,406,689 10,788,967 382,278 3.67%

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Undistributed Components

 Employee Benefits

 Retirement System  Social Security & Medicare  Workers Compensation  Unemployment Insurance  Disability Insurance  Health Insurance

 Premium Costs  BOCES Services  Pymt in Lieu of Health Ins

 Accrued Liabilities

 Career Increment  Sick & Vacation Leave

 Interfund Transfers

 Special Aid  Debt Service  Capital

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Employee Benefits

7 Benefit Account 2011-2012 Adopted Budget 2012-2013 Adopted Budget 2013-2014 Adopted Budget 2014-2015 Proposed Dollar Change Percent Change NYS Employees Retirement 365,500.00 352,000.00 453,251.00 375,000.00 (78,251.00) -17.26% NYS Teachers Retirement 797,597.00 945,739.00 1,165,938.00 1,334,033.00 168,095.00 14.42% Social Security 729,699.00 741,576.00 756,576.00 781,900.00 25,324.00 3.35% Workers Compensation 80,000.00 80,300.00 82,000.00 79,000.00 (3,000.00)

• 3.66%

Unemployment Insurance

• 20,000.00

10,000.00 (10,000.00) -50.00% Disability Insurance 14,000.00 14,000.00 15,000.00 15,000.00

• 0.00%

BOCES Services 11,025.00 12,500.00 12,500.00 12,500.00

• 0.00%

Health Insurance 3,838,036.00 4,290,600.00 4,364,345.00 4,445,000.00 80,655.00 1.85% Pymt in Lieu of Health In 18,940.00 19,000.00 104,000.00 107,000.00 3,000.00 2.88% Sick Leave 20,000.00 20,000.00 40,000.00 18,500.00 (21,500.00) -53.75% Career Increment 40,000.00 40,000.00 40,000.00 18,500.00 (21,500.00) -53.75% Vacation Leave 12,000.00 4,000.00 3,000.00 3,000.00

• 0.00%

Total Employee Ben 5,926,797.00 6,519,715.00 7,056,610.00 7,199,433.00 142,823.00 2.02%

Employee Benefits

 Retirement System (ERS & TRS)



ERS contribution decrease & salary reallocation



TRS Salary & contribution % increases

 Workers Compensation



SAPSWC Self Insurance Consortium ERM adjusted down.

 Disability Insurance



Projected costs

 Health Insurance



Premium increase 4%



Bargaining unit concessions



BOCES Services



Pymt in Lieu of Health Ins

 Other Benefits



Career Increment



Sick & Vacation Leave

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• 1,000,000.00

2,000,000.00 3,000,000.00 4,000,000.00 5,000,000.00 6,000,000.00 7,000,000.00 2011-2012 Adopted Budget 2012-2013 Adopted Budget 2013-2014 Adopted Budget 2014-2015 Proposed

4 year history

Interfund Transfers

9 Transfer to Special Aid 90,000.00 45,000.00 50,000.00 35,000.00 (15,000.00)

• 30.00%

Transfer to Debt Service 741,498.00 726,012.00 743,605.00 706,005.00 (37,600.00)

• 5.06%

Transfer to Capital Fund

• 26,578.00

58,013.00 31,435.00 118.27% Total Transfers 831,498.00 771,012.00 820,183.00 799,018.00 (21,165.00)

• 2.58%

Interfund Transfer

 Special Aid – estimated cost for extended school year programs.  Debt Service – Principal and interest for voter approved bond issues.  Transfer to Capital – Principal cost for Bus Purchases Bond Anticipation Note

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740,000.00 750,000.00 760,000.00 770,000.00 780,000.00 790,000.00 800,000.00 810,000.00 820,000.00 830,000.00 840,000.00 2011-2012 Adopted Budget 2012-2013 Adopted Budget 2013-2014 Adopted Budget 2014-2015 Proposed

Interfund Transfers 4 year history

Undistributed Items

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Benefit Account 2011-2012 Adopted Budget 2012-2013 Adopted Budget 2013-2014 Adopted Budget 2014-2015 Proposed Dollar Change Percent Change 9010-800-00 NYS Employees Retiremt 365,500.00 352,000.00 453,251.00 375,000.00 (78,251.00)

• 17.26%

9020-800-00 NYS Teachers Retiremt 797,597.00 945,739.00 1,165,938.00 1,334,033.00 168,095.00 14.42% 9030-800-00 Social Security 729,699.00 741,576.00 756,576.00 781,900.00 25,324.00 3.35% 9040-800-00 Workers Compensation 80,000.00 80,300.00 82,000.00 79,000.00 (3,000.00)

• 3.66%

9050-800-00 Unemployment Insurance

• 20,000.00

10,000.00 (10,000.00)

• 50.00%

9055-800-00 Disability Insurance 14,000.00 14,000.00 15,000.00 15,000.00

• 0.00%

9060-490-00 BOCES Services 11,025.00 12,500.00 12,500.00 12,500.00

• 0.00%

9060-800-00 Health Insurance 3,838,036.00 4,290,600.00 4,364,345.00 4,445,000.00 80,655.00 1.85% 9060-810-00 Pymt in Lieu of Health In 18,940.00 19,000.00 104,000.00 107,000.00 3,000.00 2.88% 9089-100-00 Sick Leave 20,000.00 20,000.00 40,000.00 18,500.00 (21,500.00)

• 53.75%

9089-160-00 Career Increment 40,000.00 40,000.00 40,000.00 18,500.00 (21,500.00)

• 53.75%

9089-161-00 Vacation Leave 12,000.00 4,000.00 3,000.00 3,000.00

• 0.00%

Total Employee Ben 5,926,797.00 6,519,715.00 7,056,610.00 7,199,433.00 142,823.00

2.02%

9901-950-00 Transfer to Special Aid 90,000.00 45,000.00 50,000.00 35,000.00 (15,000.00)

• 30.00%

9901-960-00 Transfer to Debt Service 741,498.00 726,012.00 743,605.00 706,005.00 (37,600.00)

• 5.06%

9950-900-00 Transfer to Capital Fund

• 26,578.00

58,013.00 31,435.00 118.27% Total Transfers 831,498.00 771,012.00 820,183.00 799,018.00 (21,165.00)

• 2.58%

Total Undistributed 6,758,295.00 7,290,727.00 7,876,793.00 7,998,451.00 121,658.00 1.54%

Undistributed Items

 Cost area driven by other factors including state &

federal mandates and contractual obligations.

 Health Insurance savings from Staff Association

contractual changes related to the Matrix Plan have played a major role in keeping increase low.

 District plans include continued exploration of cost

containment options for employee benefits.

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6,000,000.00 6,200,000.00 6,400,000.00 6,600,000.00 6,800,000.00 7,000,000.00 7,200,000.00 7,400,000.00 7,600,000.00 7,800,000.00 8,000,000.00 8,200,000.00 2011-2012 Adopted Budget 2012-2013 Adopted Budget 2013-2014 Adopted Budget 2014-2015 Proposed

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Estimated Revenues

14 Description 2013-2014 Original Revenue Estimates 2014-2015 Proposed Revenue Estimates Dollar Change Percent Change Real Property Taxes 17,959,047 18,258,494 299,447 1.67%

• Int. & Penal. on Real Prop.Tax

4,500 2,500 (2,000)

• 44.44%

Day Sch.Tuit-Res.Nonvet Postgr 5,000 5,000

• 0.00%

Textbook Charges (Individuals) 500 500

• 0.00%

Admissions (from Individuals) 6,000 6,000

• 0.00%

Interest and Earnings 135,000 13,500 (121,500)

• 90.00%

Int and Earnings - Reserv 15,000 3,000 (12,000)

• 80.00%

Rental of Real Property,Indiv. 7,500 5,000 (2,500)

• 33.33%

Insurance Recoveries 3,000 4,000 1,000 33.33% Reimburs of Medicar Part D Exp 60,000 60,000

• 0.00%

Refund PY Exp-BOCES Aided Srvc 60,000 50,000 (10,000)

• 16.67%

Refund PY Exp-Other-Not Trans 15,000 25,000 10,000 66.67% Basic Formula Aid-Gen Aids (Ex 1,342,324 729,749 (612,575)

• 45.64%

Excess Cost Aid 205,888 751,216 545,328 264.87% BOCES Aid (Sect 3609a Ed Law) 284,406 387,245 102,839 36.16% Textbook Aid (Incl Txtbk/Lott) 57,167 53,474 (3,693)

• 6.46%

Computer Sftwre, Hrdwre Aid 12,620 13,272 652 5.17% Library A/V Loan Program Aid 5,850 5,537 (313)

• 5.35%

Medic.Ass't-Sch Age-Sch Yr Pro 25,000 25,000

• 0.00%

Appropriated Reserves 150,000 400,000 250,000 166.67% Appropriated Fund Balance 811,473 969,710 158,237 19.50% Total Estimated Revenues & Appropriated Amounts 21,165,275 21,768,197 602,922 2.85%

Real Property Taxes

 Levy to Levy Increase $299,447  Proposed increase 1.67%  Simple majority approval levy increase limit 1.67%  Average increase over past 4 years 1.87%

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16,500,000 17,000,000 17,500,000 18,000,000 18,500,000 2011-2012 2012-2013 2013-2014 2014-2015

Real Property Taxes

State Aid History

 14/15 estimated aid based on Governor’s Proposal  Increase of 1.69% over prior year final aid proposal.  Still below 08/09 level - $2,031,700. Slightly higher than

09/10 level of $1,934,748

16 1,600,000 1,700,000 1,800,000 1,900,000 2,000,000

11/12 12/13 13/14 14/15

2011-12 2012-13 2013-14 2014-15 Total State Aid 1,717,507 1,725,868 1,908,255 1,940,493

State Aid – Gap Elimination Adjustment

Year Total Aid Allocated GEA Amount Net State Aid % Reduction in Aid for GEA 2010-2011 2,116,394 222,567 1,893,827 10.5% 2011-2012 2,174,037 456,530 1,717,507 21.0% 2012-2013 2,168,903 443,035 1,725,868 20.4% 2013-2014 2,251,290 343,035 1,908,255 15.2% 2014-2015* 2,274,953 334,460 1,940,493 14.7% Total since inception of GEA $ 10,985,577 $ 1,799,627 $ 9,185,950 16.4%

 State budget mechanism to reduce/eliminate state budget

deficits

 Across the board reductions  Hope for some relief in final budget agreement

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Tax Impact @ 1.67% increase

 Assumptions

 Assessed Values remain the same (Local Assessor)  Equalization Rates remain the same (NYS ORPS)  Exemptions remain the same  STAR tax credit is at full amount (NYS 2% cap on STAR

payment per property)

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TOWN 2013-2014 Tax Rate Assessed Value 2013-2014 Tax 2014-2015 Tax Rate Assessed Value 2014-2015 Tax Change LAKE GEORGE 6.48155 200,000 1,296.31 6.58962 200,000 1,317.92 21.61 BOLTON 6.48155 200,000 1,296.31 6.58962 200,000 1,317.92 21.61 FORT ANN 6.48155 200,000 1,296.31 6.58962 200,000 1,317.92 21.61 QUEENSBURY 7.90433 200,000 1,580.87 8.03613 200,000 1,607.23 26.36

True Value Tax Rate 2013

Rates shown are equalized across the state. Top 3% in New York State for lowest tax on true rate. Information provided by NYS Office of the State Comptroller. Data for all school districts for 2011 can be found at the following webpage:

http://www.osc.state.ny.us/ localgov/orptbook/taxrat es.htm

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Snapshot 7/31/13 PRIMARY FV Tax COUNTY Rate per SCHOOL DISTRICT NAME OF SCHOOL ($000 FV) Bolton Central School Warren 4.97 North Warren School District Warren 6.14 Lake George School District Warren 6.28 Hadley-Luzerne School District Warren 9.87 Whitehall School District Washington 10.09 Johnsburg School District Warren 10.33 Corinth Central School District Saratoga 10.66 Saratoga Springs City School Dist Saratoga 12.53 Stillwater School District Saratoga 12.69 Fort Ann School District Washington 12.96 Hudson Falls School District Washington 12.97 Abe Wing District Warren 13.42 Galway School District Saratoga 13.65 Salem School District Washington 13.96 Warrensburg School District Warren 14.50 South Glens Falls School District Saratoga 14.51 Queensbury School District Warren 14.54 Cambridge Central School District Washington 14.66 Granville School District Washington 15.14 South Glens Falls School District Saratoga 15.53 Argyle Central School District Washington 15.83 Greenwich School District Washington 16.16 Fort Edward School District Washington 16.23 Mechanicville School District Saratoga 16.78 Hartford School District Washington 17.33 Glens Falls City School District Warren 17.46 Ballston Spa Central School District Saratoga 18.15 Schuylerville School District Saratoga 20.08 Waterford-Halfmoon School District Saratoga 23.30

Schedule of additional workshops and public hearing

 April 8, 2014 - Board of Education Meeting – Adoption

• f Budget and Property Tax Report Card

 May 6, 2014 Public Hearing and 3 part presentation of

2014-2015 Lake George Central School District Budget. Meet the Candidates Night

 May 20, 2014 – Budget Vote and Board of Education

Election

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Budget Vote Information

 Lake George Elementary School Gymnasium – 69 Sun

Valley Drive, Lake George, NY

 May 20, 2014 between 9:00 a.m. and 8:00 p.m.  Voter Qualifications:

 Citizen of the United States  Eighteen years of age  District resident for at least 30 days preceding vote.

(Must be the place of permanent residence or home.)

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