Tracy Levee February 2, 2016 1
$1,108,072 - largest component of the General Support Section Comprised of salaries, utilities, equipment, supplies and contracts. Overall Increase .37% or $4,140 from 15-16 budget 2
Total Transportation = $876,101 Employ 14 Full Time, 2 Part Time, 4 Subs, 1.5 Mechanics Supervisor of Transportation Position Budgeted Maintain a fleet of 23 vehicles including buses and sedans DOT inspection pass rate of 99% 3
2- 65 Passenger Buses @$116,090.20 each ◦ Replaces 2005 Buses with 125K and 146 K miles 1–2016 2016 Ch Chevy I Impala S Sedan @ @ $26, $26,34 347. 7.00 ◦ Replaces 2006 Chevy Impala 125K miles ◦ Total Proposition = $258,527.40 Transportation Aid Ratio= 61.70% Tota tal l Capit ital l Cost t to Distr tric ict t = $99,015.99 4
2005 Construction Project 2013 $9,395,000 $1,892,359 Refunding of 2005 Bonds 2009 Roof Project 2013 Phase II $4,650,000 2.0%-3.75% 3.125-4.0% 2.0%-4.0% Building Local Local Building Debt Aid Share Debt Building Aid Share Debt Aid Local Share $ 849,050 $580,661 $ 264,389 $ 171,788 $ 123,558 $ 47,605 $ 855,125 $ 603,757 $ 248,068 TOTAL TOTAL TOAL Local Debt Building Aid Share $1,875,963 $1,306,344 569,619 5
Local Portion offset by use of Debt Service Fund: $175,000 $569,619 : Local Share after Building Aid ($175,000 ) : Debt Service Fund ------------ $394,619 : Net Local Share 6
2014 Bus Bond Debt ($225K) $49,050 : 16-17 Bus Bond Payment ($30,263) : Transportation Aid ___________ $18,787 : Net Bus Bond Payment 7
$425,000 S Shortfall Adjusted benefits for 5% health care increase (+65,000) Represents an 2.78% overall expenditure increase from 15-16 Tax Levy increase needed to balance: 4.19% IF GEA FULLY RESTORED: 1.52 % or $152, 134 8
March 1 – Special Education/Instructional/BOCES/Overview March 12- Budget Forum March 15 –Budget Overview April 5 – Final Budget Review April 19– Adopt Budget and Property Tax Report Card May 3 – Budget Hearing 9
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