Pl Plain inedge edge Pu Public ic Scho chools ols 2016-20 - - PowerPoint PPT Presentation

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Pl Plain inedge edge Pu Public ic Scho chools ols 2016-20 2017 7 Bu Budget t Pre resenta entation tion Tax x Cap Calcul culation ation Presentation to the Board of Education Peter Porrazzo, Assistant Superintendent for Business

SLIDE 1

Pl Plain inedge edge Pu Public ic Scho chools

2016-20 2017 7 Bu Budget t Pre resenta entation tion Tax x Cap Calcul culation ation

Presentation to the Board of Education Peter Porrazzo, Assistant Superintendent for Business March 10, 2016

SLIDE 2

LIPA PILOT
BUILDING AID
ENERGY PERFORMANCE CONTRACT
TRANSFER TO CAPITAL

TAX LEVY LIMIT CALCULATION 2016-17 MAJOR DRIVERS

SLIDE 3

Tax base growth factor, Allowable Levy (CPI-U) Growth Factor and PILOT (Payment in Lieu of Taxes)

2015/2016 Approved Actual Tax Levy 63,375,945 Tax Base Growth Factor 1.0015 PILOTs prior year 63,471,009 +1,287,755 Capital exclusion prior year

1,928,686

Based on “brick and mortar” improvements within the community that increase the tax roll. It is set by the County.

Adjusted Prior Year Tax Levy 62,830,078 Allowable Levy Growth Factor .12% (lesser of 2% or sum of 1 plus inflation factor) 62,905,474 Projected PILOTs 2016-2017

1,102,608

Allowable Capital exclusion for 2016-2017 +2,456,489 Maximum Tax Levy Threshold for 2016-17 64,259,355 Percent increase in the Tax Levy (staying within the Tax Cap rules) +$883,410 or 1.39% Based on Consumer Price Index (CPI-U)

SLIDE 4

Capital Expenditure Exclusions

Capital Exclusion = $627,406

Debt Service 4,628,757 Debt Service 4,641,658 Capital Outlay Capital Outlay 300,000 Bus Purchases 299,000 Bus Purchases 300,000 Total Capital Expenditures 4,927,757 Total Capital Expenditures 5,241,658 Building Aid: Building Aid: General Formula Aid Output Report General Formula Aid Output Report Line 7a Regular Building Aid 2,904,169 Line 7a Regular Building Aid 2,659,967 Less: Building Condition Survey Aid (BCS Output Entry 11) Less: Building Condition Survey Aid (BCS Output Entry 11)

Total Building Aid

2,904,169 Total Building Aid 2,659,967 Transportation Aid: Transportation Aid: Transportation formula Aid Output Report Estimated transportation aid output report Line 79: Total assumed capital exp aidable in 2014-15 165,045 Line 60: Total assumed capital exp aidable in 2015-16 218,884 Line 32: State share ratio for transportation 57.5% Given: State share ratio for transportation 57.2% Total Aid 94,902 Total Aid 125,202 Building Aid, Trans. Aid & Reserve 2,999,071 Building Aid, Trans. Aid & Reserve 2,785,169 Capital Exclusion 1,928,686 Capital Exclusion 2,456,489 Other Revenues (Capital Fund, Capital Res. & Debt Service Res.) Other Revenues (Capital Fund, Capital Res. & Debt Service Res.)

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