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HOLLAND CENTRAL SCHOOL DISTRICT 2015-2016 BUDGET PRESENTATION – DRAFT #2
PRESENTED BY : LAURA BOSINSKI, BUSINESS OFFICIAL JANUARY 26, 2015
HOLLAND CENTRAL SCHOOL DISTRICT 2015-2016 BUDGET PRESENTATION DRAFT - - PowerPoint PPT Presentation
HOLLAND CENTRAL SCHOOL DISTRICT 2015-2016 BUDGET PRESENTATION DRAFT - - PowerPoint PPT Presentation
HOLLAND CENTRAL SCHOOL DISTRICT 2015-2016 BUDGET PRESENTATION DRAFT #2 PRESENTED BY : LAURA BOSINSKI, BUSINESS OFFICIAL JANUARY 26, 2015 PRESENTATION OVERVIEW Governors Executive Budget Information Tax Cap Calculation 2nd
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GOVERNOR’S EXECUTIVE BUDGET INFORMATION
2ND DRAFT 2015-16
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GOVERNOR’S EXECUTIVE BUDGET INFORMATION
Proposed a $1.1 billion increase in school aid, BUT ONLY IF the Legislature accepts the proposed reforms regarding teacher evaluation and the tenure process.
If Legislature does not agree, funding will drop to $377 million to cover categorical reimbursement aid for transportation, building, and BOCES.
The Statewide School Finance Consortium is reporting that these expense driven aids will also be frozen.
School aid runs will not be released, so we are unable to estimate state aid for revenues.
Without the school aid runs, we are not able to accurately calculate the tax cap.
GEA discontinuation or reduction is not reported.
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GOVERNOR’S EXECUTIVE BUDGET INFORMATION (CONT.)
New Proposals
Education Tax Credit
Tax credit for those who donate to the Educational Scholarship Organization, which provides scholarships to students who wish to attend non-public schools or public schools outside of their district of residence. Students must have a household income of less than $250,000 annually. Tax credit is equal to 75% of the contribution or $1 million, which ever is less.
Preschool Special Education
Calls for regional rates set by SED for Special Education Itinerant T eacher (SEIT) program starting with the 2015-16 school year.
Special Education Waiver Process
A continuation of a proposal from last year which allows school districts, BOCES and private placements to request a waiver of some special education requirements.
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GOVERNOR’S EXECUTIVE BUDGET INFORMATION (CONT.)
New Proposals (cont.)
Contracts for Excellence
Requires districts who are currently under a contract for excellence to remain in the program and maintain funding until the district is reported as being “in good standing.”
Property Tax Credit Program
A property tax program of $1.66 billion that would offer tax breaks to those whose property tax is more than 6% of their
- income. Individuals must be in a tax compliant town/city and have an annual household income of less than $250,000.
**Data from: New York State Association of School Business Officials www.nysasbo.org Statewide School Finance Consortium www.statewideonline.org
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TAX CAP CALCULATION
2ND DRAFT 2015-16
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TAX CAP CALCULATION
Tax Levy Limit Before Adjustments and Exclusions 2014-15 Tax Levy 7,086,850 x Tax Base growth factor 1.0029 determined by Dept of Tax & Finance 7,107,402 + PILOTS receivable in 2014-15 18,000 budgeted 14/15
- Capital Tax Levy for 2014-15
0 entered 13/14 7,125,402 x Allowable Levy growth factor 1.0162 determined by Office of State Comptroller 7,240,833
- PILOTS receivable in 2015-16
0 budgeted 15/16 Total Levy Limit Before Adjustment and Exclusions 7,240,833 $ 153,983 2.17%
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TAX CAP CALCULATION (CONT.)
Exclusions + 0 none Tax Levy necessary for pension contribution expenditures in excess of 2%: + ERS 0 increase not greater than 2% + TRS 0 increase not greater than 2% + Capital Tax Levy for 2015-16 0 see capital exclusion tab Total Exclusions TAX Levy Limit, adjusted for transfers,plus exclusions 7,240,833 $ 153,983 2.17% Tax Levy necessary for expenditures arising
- ut of tort orders/judgements over 5% of
2014-15 tax levy
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ITEMS, REQUESTS, AND REDUCTIONS INCLUDED
2ND DRAFT 2015-16
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ITEMS, REQUESTS, AND REDUCTIONS INCLUDED
“THE MUSTS”
Negotiated salary increases for all settled contracts
Estimated salary increases for annual contracts
Financial Software purchase – Alio
Legal Fees increases
Utilities increases by 5%, Liability and Auto Insurances increases by 3%
Increases to Buildings & Grounds contractual lines for potential emergency building repairs
Special Education private and public tuition increases by 5%
Gasoline increases based on need
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ITEMS, REQUESTS, AND REDUCTIONS INCLUDED (CONT.)
“THE ADDITIONS”
Board of Education Professional Development increases
Administration and Faculty Professional Development increases
New mower for Buildings & Grounds
Fund new Community Education Program – Director and Instructor salaries
Continue Learning and T eaching initiative with additional iPads and carts for ES
Athletic Program increases to fund merged teams with EA, possible championship trips, and uniform replacements
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ITEMS, REQUESTS, AND REDUCTIONS INCLUDED (CONT.)
“THE FACULTY AND STAFF ADDITIONS”
Fully fund Director of Curriculum salary
2.5 FTE T eacher Aides for ES
2.0 FTE Math AIS T eacher –1.0 FTE in ES and 1.0 FTE JSHS
1.0 FTE Special Education T eacher – for new JSHS 8:1:1 class
3.0 FTE Special Education T eacher Aides – 1.0 FTE for new JSHS 8:1:1 class, 2.0 FTE if needed based on district wide student enrollment and IEPs
Special Education Clerk Typist Substitute to assist with Medicaid entry (if needed)
3.0 FTE Bus Monitors – 2.0 FTE currently required as per IEPs and 1.0 FTE if needed based on district wide student enrollment and IEPs
1.0 FTE Integration Specialist – District wide
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ITEMS, REQUESTS, AND REDUCTIONS INCLUDED (CONT.)
“THE REDUCTIONS”
Reduce Contract Transportation to fund two possible runs as needed based on district wide enrollment and IEPs.
Reduce Employee Benefits to reflect current need and usage.
Reduce TRS allocation as contribution rate drops from 17.45% to a projected 13.5%.
Reduce Debt Service as per bond repayment schedules.
Reduce Special Education Private tuitions as students are brought back to district in new JSHS 8:1:1 class.
Reduce Health Insurance increase from estimate of 15% increase to an estimated 11% increase.
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PROPOSED EXPENDITURES
2ND DRAFT 2015-16
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PROPOSED EXPENDITURES
2013-14 Actual (exp + enc) 2014-15 Budgeted 2015-16 1st Draft Proposed 2015-16 2nd Draft Proposed $ Change of 2014-15 Budgeted to 2015-16 2nd Draft Proposed Contractual Salaries 6,749,477 $ 7,042,549 $ 7,422,267 $ 7,425,267 $ 382,718 $ Utilities 327,463 $ 371,050 $ 367,338 $ 367,338 $ (3,713) $ BOCES 3,034,253 $ 2,787,024 $ 3,118,545 $ 3,118,545 $ 331,521 $ Special Ed Tuitions 353,659 $ 439,951 $ 424,000 $ 424,000 $ (15,951) $ Retirement Cont. (ERS & TRS) $ 1,044,263 1,100,000 $ 1,045,000 $ 1,045,000 $ (55,000) $ Social Security 509,348 $ 585,000 $ 585,000 $ 585,000 $
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Worker's Comp & Ins. 243,502 $ 290,850 $ 262,301 $ 262,301 $ (28,549) $ Health Insurance 1,600,824 $ 2,041,528 $ 2,116,384 $ 2,042,858 $ 1,330 $ Debt Service 2,332,208 $ 1,411,173 $ 803,281 $ 803,281 $ (607,892) $ Other 1,336,488 $ 1,553,875 $ 1,736,228 $ 1,739,378 $ 185,503 $ Totals: 17,531,486 $ 17,623,000 $ 17,880,344 $ 17,812,967 $ 189,967 $ increase in spending: 1.08%
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PROJECTED REVENUES
2ND DRAFT 2015-16
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PROJECTED REVENUES
2013-14 Actuals 2014-15 Budgeted 2015-16 1st Draft Projected 2015-16 2nd Draft Projected $ Change of 2014-15 Budgeted to 2015-16 2nd Draft Projected Other $88,821 31,000 $ 16,000 $ 16,000 $ (15,000) $ Sales Tax $934,265 905,000 $ 910,000 $ 910,000 $ 5,000 $ Misc $272,656 173,000 $ 173,000 $ 179,000 $ 6,000 $ State Aid
0% increase assumed
$9,010,207 8,667,150 $ 8,839,693 $ 8,667,150 $
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Interfund Transfers $363,812
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- $
- $
- $
Totals: $17,583,761 16,863,000 $ 17,147,280 $ 16,990,476 $ 127,476 $ increase in revenue: 0.76% Property Tax Levy including STAR- 2.16% increase assumed $6,914,000 7,086,850 $ 7,218,326 $ 131,476 $ 7,208,587 $
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OVERALL BUDGET
2ND DRAFT 2015-16
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OVERALL BUDGET
2013-14 Actual 2014-15 Budget 1st Draft 2015-16 Budget 2nd Draft 2015-16 Budget $ Change of 14-15 Budget to 2nd Draft 15-16 Budget Proposed Expenditure Budget 17,531,486 $ 17,623,000 $ 17,880,344 $ 17,812,967 $ 189,967 $ Projected Revenue Budget 17,583,761 $ 16,863,000 $ 17,147,280 $ 16,990,476 $ (assumes 2.16% tax levy increase) (assumes 0% state aid increase) Fund Balance Allocation (52,275) $ 760,000 $ 733,064 $ 733,064 $ Total Budget: 17,531,486 $ 17,623,000 $ 17,880,344 $ 17,723,540 $ 100,540 $
Budget Surplus/(Shortfall): (89,427) $
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SUMMARY
2ND DRAFT 2015-16
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SUMMARY
Several factors are still unknown:
Property Tax Cap Calculation is still an estimate.
State Aid allocations are estimated.
BOCES Expenses.
Health Insurance Premium rate increase is estimated at an 11% increase.
Budget additions include:
Continuation of Learning and T eaching Initiative.
Increase of 2.0 FTE in AIS Math T eachers.
Increase of 1.0 FTE Special Education T eacher and 1.0 FTE T eacher Aide for a new 8:1:1 class in the JSHS.
Increase of 1.0 FTE Integration Specialist.
Increase of 2.5 FTE T eacher Aides for the ES.
Budgeted positions for incoming Special Educations students, as necessary.
New mower could be purchased to better care for our facilities in a more efficient and effective manner.
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SUMMARY
2nd draft illustrates a budget shortfall of $89,427 with a 1.08%, or $189,967 increase in spending and a 0.76%, or $127,476, assumed increase in revenues, still utilizing $733,064 in fund balance.
No reduction in faculty, staff, or programming.
Savings realized from reduced per person health insurance costs from new health insurance plan.
Additional savings realized from reduced contribution rates for TRS and ERS.
Reduction in debt service of over $600,000 helps to offset expenditure increases, but may negatively affect the tax cap.
Buildings & Grounds General Contracts lines increased to address facility needs.
Contractual obligations are covered and budget focus is on increasing student achievement while continually striving to maintain fiscal stability.
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QUESTIONS?
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