Budget Overview Taconic Hills Central School District’s Tax Levy Limit Formula Calculation & Preliminary Budget Presentation 2017-2018 Budget February 15, 2017 Presented by Cybil C. Howard Business Manager Dr. Neil L. Howard, Jr. Superintendent of Schools Taconic Hills Central School District CCH 2
Tax Levy Limit Taconic Hills Central School District CCH
Proposed Budget Initiatives - DRAFT - DRAFT - DRAFT - ENL Teacher #3 (1.0 FTE) $49,593 7-12 Math Teacher (1.0 FTE) $52,882 ( Technology Integration Specialist position becomes probationary) Literacy Teacher (1.0 FTE) $50,553 ( Instructional Literacy Coach position becomes probationary) Technology Software and Equipment $22,450 Music Department Instruments $59,227 Art Deparment Equipment $3,000 STEM Math Course Equipment $2,500 STEAM Lab Equipment $3,000 one-time costs Total $764,677 Textbooks $138,000 PAC Stage Curtain & Riser Replacement $45,000 Athletics - Clay Shooting & Alpine Ski Teams $6,500 Playground Equipment Replacement $300,000 Café Furniture Replacement $185,000 Vehicle Purchases $230,000 Interior Lighting Project #2 $100,000 Estimated Value of Budget Initiatives $1,247,705
Proposed Budget Initiatives - DRAFT - Technology Software & Music Department continued … Equipment Conga Set CNC Mill Bongos TIG Welder Ukeleles Raspberry Pi Coding Modules Marimba Bar replacements Music Department Instruments Piano Tuba (2) Art Department Equipment Bass Clarinet Potters wheel & stool Saxophone Mat & paper cutter Marimba Concert Bells w/ Rolling Stand Tubano Drums
Proposed Budget Initiatives - DRAFT - STEAM Equipment TI-Nspire Calculators & accessories for new Math Nanotech Courses Balance for Chemistry Labs Digital Microscope Other Textbooks English, French, Spanish, Agribusiness, AP World History, Business, SPED Social Studies Interior Lighting Project #2 PAC House Lighting upgrade from incandescent to LED
Transportation & Vehicle Needs (updated 02-14-17) Bus Replacements/Additions – Prices reflect NYS Contract estimates 1 – Dodge Mini-Van $25,000 Addition 1 – 65 passenger bus with wheel chair lift $135,000 Replacement 1 – 30 passenger bus with wheel chair lift $70,000 Replacement Total $230,000 Surplus Vehicles #175 2007 60 passenger w/wheel chair lift 170,980 miles Rust #15 2008 Chevrolet Impala 213,047 miles Rust/Miles #17 2010 Mini-Van 214,998 miles Miles #18 2010 Mini-Van 217,512 miles Miles Taconic Hills Central School District RV/CCH/NLH
Budget Considerations NYS Teachers’ Retirement System (TRS) Employer Contribution Rate = 9.80% Decreased from 11.72% (-16.38%) Expense in 16-17 was $1,461,302 Deducted from NYS Aid payment Health Insurance – $50,000 budget to budget increase at this time Health Rates increasing 2% R/X Rates – unavailable at this time (projecting 10%) Dental – unavailable at this time Taconic Hills Central School District CCH/NLH
Budget Considerations NYS Employees’ Retirement System (ERS) Employer Contribution Rate = 15.30% Decreased from 15.50% (-1.29%) ERS projection for 17-18 = $606,899 Workers ’ Compensation projection = $271,895 High estimate; rate setting occurs next month Unemployment projection = $5,000 To date expense has been $810 Taconic Hills Central School District CCH/NLH
Budget Considerations Ongoing negotiations with Support Staff Questar III expenses at or below 2% increase Increase in private placement tuition costs for SWD Increase in transportation driver and bus aide salary and benefit costs for these assignments Fuel prices and weather difficult to predict Debt Service payment is down $310,000 Budget for $310,000 transfer to Capital Reserve? Taconic Hills Central School District CCH/NLH
Current Status: Projected Revenues (as of February 15, 2017) Projected 2017-2018 Revenue Tax Levy (at 1.83% increase) $ 23,348,537 State Aid $ 11,732,010 *Miscellaneous Revenues $ 500,000 Total Projected Revenue $ 35,580,547 *For Example Property Tax Interest Tuition Rentals (Space) Prior Year Refunds Pool parties Rheinstrom Foundation Cash donations Medicaid Taconic Hills Central School District CCH/NLH
Current Status: Projected Revenue Offsets (as of February 15, 2017) Projected 2017-2018 Revenue Tax Levy (at 1.83% increase) $ 23,348,537 State Aid $ 11,732,010 *Miscellaneous Revenues $ 500,000 Total Projected Revenue $ 35,580,547 Potential Revenue Sources to Offset Budget Workers' Compensation Reserve $ 271,895 Retirement Contribution Reserve (non-instructional) $ 606,899 Fund Balance (vehicles & lighting project) $ 330,000 TBD Unspent funds in Capital Fund towards Debt Service payment Appropriated Fund Balance (Projected) TBD Total Projected Revenues including Reserves & FB $ 36,789,341 Taconic Hills Central School District CCH/NLH
Coming Up • Audit Committee Meeting #3 • March 15 th Budget Workshop • BOE Regular Meeting • BOE Adopts Budget April 12 th • BOE Regular Meeting
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