Peekskill City School District Educational Plan and Budget 2018-19 - - PowerPoint PPT Presentation
Peekskill City School District Educational Plan and Budget 2018-19 Academic Excellence Focused on Every Student; Every Day Presentation #1 December 5, 2017 Dr. Mary Keenan Foster, Interim Superintendent Robin Zimmerman, Assistant Superintendent
Robin Zimmerman, Assistant Superintendent for Business
Program Component Administrative Component Capital Component
The Budget: A Financial estimate of funds necessary to
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IEP prov
, APP PPR, R, State te Te Testing an and Curric Curriculum
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bor Agr greements eements Changes Changes in in Local Local Ass ssess ssed ed Value alue & & Equaliz qualization tion Rates tes
Reas easses essmen ent, t, Cert rtiorari ri Proceedings
School Board Proposed Budget For Voter Approval Sta taff Input nput
Ed Educational Prog Program
Citi Citizen en Input nput
Wha hat’s s impo port rtan ant for r Peeksk skill City ty Schools?
State te Aid Aid and and Fede ederal al Grants ants CPI Changes Changes
Cos
ts of all good goods s an and se service ces
Budget
Influences
improvements/changes and retirements
school year
year end
with department and team leaders. Reviewed by administration for reasonableness, accuracy and consistency with the District’s educational plan;
in conjunction with Department Supervisors and other key personnel;
calculated projections;
Urban Consumers (CPI-U) for October increased 2 percent over October 2016 -2017 inflation will be used to determine allowable growth for the 2018-19 school year tax cap. The tax cap law allows school districts to increase their prior year’s tax levy by an inflation factor, which is calculated as two percent or the change in the Consumer Price Index, whichever is less.
inflation rate will be 2.01 percent, which is slightly higher than the two percent cap. The final tax base growth factor will be determined in late January 2018.
Retirement System
2014-15 2015-16 2016-17 2017-18
Projected 2018-19
Teachers’ Retirement System (TRS) 17.53% 13.26% 11.72% 9.80% 10.50%-11.00% Employees’ Retirement System (ERS) 20.10% 18.10% 15.25% 15.30% 14.90% 2014-15 2015-16 2016-17 2017-18 2018-19 1.50% 1.50% 2.50% 8% 3.75%
– PHS Gym Acoustical Ceiling Removal and Modifications
– PHS Auditorium Seating, carpet and aisle lighting
– PHS Exterior Walk-In Freezer
– Doors and Hardware-Exterior and Interior – Cafeteria Floor Replacement – Brick Repointing – Site work-to include but not limited to sidewalk/asphalt repair and replacement
– Cafeteria Floor Replacement – Gym Painting and Pad Replacement – Site Work-to include but not limited to sidewalk repair replacement
Tax Levy vy 44% St State e Aid id 46% 46% ER ERS Reser erve e & Other er Revenue enue 7% 7% As Assigned igned Fund d Bala lance nce 3% 3%
State Aid 2017-18 $40,871,389
Foundation Aid, $29,224,689 72% Library, SW and Textbook Aid, $290,115 1% Hardware & Tech Aid, $56,994 .14% Transportation Aid, $2,491,456 6% Building, $4,200,290 10% BOCES Aid, $1,448,635 – 4% Private & Public Excess Aid, $3,159,210 - 8%
$(5,000,000) $- $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000 $45,000,000 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
$2,212,503 $(4,296,556) $133,799 $(329,044) $(1,840,361) $(1,588,393) $3,942,574 $11,625,386 $12,612,043 $10,168,029 $13,234,720
Current Year Aid Full Phase-in Level Diff
Great Recession
January 16th Business Meeting - Central Administration Office Budget Workshop #2
Summary of major revenues and expenditure components will be examined and discussed, including changes from current operations.