Pl Plain inedge edge Pu Public ic Scho chools ols 2016-20 2017 7 Bu Budg dget t Pre resentation entation Bu Budget get Over ervi view Presentation to the Board of Education Peter Porrazzo, Assistant Superintendent for Business January 12, 2016
BUDGET PLANNING CALENDAR November, 2015 District administrators enter proposed budgets into WinCap. Budget Builders meet with Central Office to discuss proposed budget. Salaries are projected and incorporated into the working budget. Preliminary health care and retirement costs are projected and incorporated into the working budget. December, 2015 Draft of budget submitted to Superintendent for review/comments/changes. January, 2016 Present first draft of budget to Board of Education including preliminary budget forecasts and assumptions. Present Facilities and Operations budget. Present Transportation budget. February, 2016 Present second draft of budget to Board of Education. Update information submitted by budget builders. Present Health, Physical Education and Athletics budget. Present Fine & Performing Arts budget. Present Board of Education budget. Tax Levy Limit Calculations must be uploaded to Comptroller’s Office by March 1, 2016.
BUDGET PLANNING CALENDAR March, 2016 Present adjusted drafts of budget to Board of Education. Present Curriculum and Instruction budget. Present Special Education budget. Present Staffing and Enrollment. Present Instructional and Administrative Technology Programs and proposed budgets . Present Capital Project Planning update and proposed Capital Proposition. Present Revenue Projections, Tax impact analysis and discuss use of reserves. April, 2016 Final Budget presented to Board for final deliberations on April 5, 2016*. Board of Education adopts final budget on April 5, 2016. Property Tax Report Cards due to State Education Department within 24 hours of budget adoption, but no later than on April 25, 2016. Budget Statement and required attachments must be made available to public in hard copy and on the website on April 22, 2016. Post Legal Notice of date, time and place of School Budget Hearing and Annual Budget Vote. May, 2016 Budget Hearing – May 10, 2016. (No later than May 10, 2016) Budget Notice mailed after May 10, 2016 and no later than May 11, 2016. Budget Vote – May 17, 2016. *In the event that an additional budget workshop is necessary after the April 5, 2016 meeting, the Board of Education will meet on Thursday, April 14, 2016 (there will be no Board of Education meeting on April 7, 2016).
BOARD OF EDUCATION GOAL: Create a fiscally sound budget that maintains the integrity of our programs and follows New York State Education Law
PROCESS Must stay within Tax Levy Limit. • At present, with all permissible exclusions, levy limit is projected to be • less than 0.5%. Current CPI-U is 0.1376% • Levy limit can change as we continue deliberations. • Continue to use all available information to refine the budget. •
PRELIMINARY BUDGET - EXPENSES Functi ction 2015-16 16 2016-17 17 $ Change nge % Change nge % of Budge get General Support $9,593,376 $9,800,398 $207,022 2.16% 10.60% Instruction 51,847,643 52,690,200 842,557 1.63% 56.98% Pupil 3,497,882 3,514,564 16,682 .5% 3.80% Transportation Community 5,000 5,000 0 0% .01% Services Benefits, Debt, 25,241,240 26,456,663 1,215,423 4.82% 28.61% Interest, Transfers Total $90,185,141 $92,466,825 $2,281,684 2.53% 100.00% * This chart is a summary report that follows the Uniform System of Accounts as required by the State Education Department
PRELIMINARY BUDGET - EXPENSES Budge get-to to-Budge dget t increase rease of $2,281,684 or 2.53% inclu ludes: des: • Al All positi tion ons s cur urrently ently in the e 15-16 6 bud udge get t are in the e 16-17 7 budge udget. t. • Staffing budget increased by $926,523 or 1.90% in this first draft budget. • Class sizes remain at the 15/16 levels. • Bus us Pur urchase ses • Budget includes $300,000 for the purchase of one large bus and three vans. • Health th care e is estimat imated d to increa rease se $697, 7,33 331 1 or 10.0% .0% in the e 2016-17 7 • bud udge get. t. This is will be up updated ed as addit itional ional information ormation beco come mes s available ble in Febr ebruary. . Bud udge get t of $500, 0,000 000 (A A Fun und) d) for or district rict repair ir projects ects. •
PRELIMINARY BUDGET - REVENUE Prelimin eliminar ary inform rmat ation ion concerning rning the Proper perty ty Tax Levy • Limi mit t will ll likely ely be limi mited ed to 0.5%, , which h is an approxi ximat ate e increas ease e of $317,000. Impact act of LIPA PILOT. • Stat ate e Aid is likely ely to increas rease 2%, which is an approximat ximate e • increas ease e of $360,000. . Poss ssible ible abolishmen ishment t of Gap Elim iminati ination on Adjustment stment which h • wo would ld result sult in an increas ease e of revenue nue of $817,274 to the Dist strict rict. Poss ssible ible adjustment stment to Foundation ation Aid, , histor oric ically ally • unchanged nged for years. s. Stat ate e Budget t will ll be approved ed on/or or about t April ril 1, 2016. •
PRELIMINARY BUDGET • Sin ince e the e in incep eptio ion n of the e tax ax cap ap it it has as bec ecome ome in increa easin ingl gly y di diffic icult ult to alig ign in increa eases es in in expe penses es wit ith in increa eases es in in reven enues. es. • We conti tinue ue to work rk on refinin ining g projections jections in staf affin ing g and benefits, its, which represent present approximat ximately ely 75% of the budget, t, along g with th all other er expe penditur nditures. es. • Since ce we are early rly in the budget t process ss we are continuin inuing g to also o revise ise both the expe penditur nditure and revenue nue side e of the budget. t.
Qu Ques estions? tions?
Recommend
More recommend
