2010-2011 Budget Development March 18, 2010 2010-2011 Budget - PowerPoint PPT Presentation

2010-2011 Budget Development March 18, 2010

2010-2011 Budget Development Current Fiscal Environment • Rising Costs – Pension Contributions / Insurance Rates / Contractual Obligations • Declining Revenues – State Aid / Interest Income • Declining Property Values – Assessed Values of Homes 2

2010-2011 Budget Development • It would cost approximately 1.7 million dollars to rollover the existing 2009-2010 program into 2010-2011 • The 1.7 million dollar increase would represents a 4.52% increase from the prior year’s budget and a estimated tax increase of 7.84% • The major factors contributing to the increase are growth in the following areas: • Salaries 980,000 • Retirement Contributions 423,000 • Medical Benefits 293,000 3

2010-2011 Budget Adjustments Tax Increase 4% Rollover 1,105,000 Reduction in needed in Dollars Current Proposal Option # 1 Overall Tax Rate Impact 7.84% 3.82% Spending Increase Outcome: 4.52% 1.41% Reductions 1,155,377 Administrative Item # 1: Miscellaneous Administrative reductions 85,030 Central Office Expenditure reductions Item # 2: Reduce Staff Conference and Travel 50,000 District wide reduction - A2010430 from 129,000 to 70,000 Item # 3: Reduce Staff Training Costs 75,000 District wide reduction - A2010490 from 74,000 to 5,000 Item # 4: Equipment Purchase Deferment 90,000 District wide deferment of equipment purchases 383,000 to 284,000 Item # 5: TRS Retirement Rate Finalization 56,000 Reflects difference between estimated and actual rate Item # 6: Net Program Reductions 125,767 Decrease in district contractual obligations Debt Service/Technolgy Consulting BOCES Total Administrative 481,797 4

2010-2011 Budget Adjustments Program Item # 7: BOCES - Spec Ed Contractual 50,000 Reduction in services needed for 10/11 per Spec Ed Dir estimate Item # 8: Reduce Curriculum Writing 10,000 Reduce A2010440 from 51,000 to 41,000 Item # 9: Reduce HS English Textbook purchases 10,000 Reduce A21104807-7000 from 24,000 to 8,000 Item # 10: Reduce Transportation Expenditures 10,000 Total Program 80,000 Staffing Item # 11: Salary Savings on Staff Reductions & Retirements 787,705 Reduce staffing by 1.0 Administrative, 6.1 Teacher, .5 Paraprofessional Item # 12: Benefits Saving on Reduction of Staff 172,628 Total Staffing 960,333 Total Reductions 1,522,130 5

2010-2011 Budget Adjustments Additions Item # 13: Add Kiln for Fine Arts (3,500) Replace outdated Kiln in Arts Program Item # 14: Add Salary Adjustments (25,718) Contractual Salary Adjustments Item # 15: Add 3.4 FTE Spec Ed Aides and .4 Phys Ed Teacher (80,000) Additional Staff added in 09/10 for CSE mandated services Item # 16: Add Elementary Textbooks (46,535) Purchase additional textbooks Item # 17: Add Summer School Funding (57,000) Change in State aid funding formula Item # 18: Add Elementary Teacher Technology Leader Stipend (15,000) Item # 19: Add High School / Middle School Teacher Technology Leader Stipend (15,000) Item # 20: Add for Track Renovation (124,000) Athletic track resurfacing and repair Total Additions (366,753) Net Changes: 1,155,377 Rollover Proposed Tax Rate Impact, (per hundred): 126.59 121.88 Current Tax Rate 117.39 117.39 Dollar Increase 9.20 4.49 6 Percent Increase 7.84% 3.82%

2010-2011 Budget Development Rollover and Changes PORT JEFFERSON SCHOOLS CONSOLIDATED APPROPRIATION BUDGET REPORT BY OBJECT ACCOUNT GROUP 2008-09 BUDGET 2008-09 ACTUALS 2009-10 BUDGET 2010-11 Proposed $ CHANGE % CHANGE % OF BUDGET 1000 - 1999 SALARIES $18,313,198.00 $17,737,627.88 $18,881,274.00 $19,081,101.00 $199,827.00 1.06% 50.64% 2000 - 2999 EQUIPMENT $391,090.00 $310,826.58 $382,483.00 $284,092.00 ($98,391.00) -25.72% 0.75% 4000 - 4699 CONTRACTUAL $4,113,240.00 $3,663,438.95 $4,362,848.00 $4,281,795.00 ($81,053.00) -1.86% 11.36% 5000 - 5999 MATERIAL & SUPPLIES $517,177.00 $500,333.11 $536,462.00 $601,219.00 $64,757.00 12.07% 1.60% 4700 - 4799 TUITION $318,035.00 $357,925.48 $510,104.00 $829,450.00 $319,346.00 62.60% 2.20% 4800 - 4899 TEXTBOOKS $124,418.00 $118,486.45 $180,726.00 $167,401.00 ($13,325.00) -7.37% 0.44% 4900 - 4999 BOCES SERVICES $1,961,173.00 $1,863,664.51 $1,942,908.00 $1,433,356.00 ($509,552.00) -26.23% 3.80% 6000 - 6999 DEBT SERVICE - PRINCIPAL $1,025,000.00 $1,070,000.00 $1,090,000.00 $1,080,000.00 ($10,000.00) -0.92% 2.87% 7000 - 7999 DEBT SERVICE - INTEREST $1,040,278.00 $571,603.72 $719,469.00 $612,619.00 ($106,850.00) -14.85% 1.63% 8000 - 8999 EMPLOYEE BENEFITS $8,165,425.00 $7,572,042.45 $8,250,667.00 $8,826,622.00 $575,955.00 6.98% 23.43% 9000 - 9999 INTERFUND TRANSFERS $376,875.00 $429,182.86 $298,500.00 $481,000.00 $182,500.00 61.14% 1.28% GRAND TOTALS $36,345,909.00 $34,195,131.99 $37,155,441.00 $37,678,655.00 $523,214.00 1.41% 100.00% 7

2010-2011 Estimated Revenues Budget Revenues (Proposed) 2010-2011 09/10 - 10/11 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 Change Property Taxes/STAR 25,627,194 26,799,979 27,763,961 28,153,651 28,907,099 29,863,038 955,939 State Aid 3,037,476 3,107,261 3,493,616 3,538,445 3,621,962 3,170,666 (451,296) Pilot 1,174,336 1,125,000 1,125,000 1,125,000 1,125,000 1,125,000 - Fund Balance Applied 1,000,000 1,665,000 1,750,000 1,750,000 1,750,000 1,750,000 - Rentals 218,005 225,000 235,000 750,000 760,000 760,000 - Use of Reserves - - - - 450,000 550,000 100,000 Interest Income 150,000 250,000 450,000 480,813 175,000 85,000 (90,000) Tuition/Health Services 107,150 103,000 198,000 320,000 220,000 251,000 31,000 Excell Bond 404,740 Other 77,650 188,500 208,000 228,000 146,380 123,957 (22,423) Total Non Tax Levy 5,764,617 6,663,761 7,864,356 8,192,258 8,248,342 7,815,623 (432,719) Total Revenues 31,391,811 33,463,740 35,628,317 36,345,909 37,155,441 37,678,661 523,220 8

Port Jefferson Schools General Fund Reserves Port Jefferson Schools General Fund Reserves 5 Year History 2005-2006 2006-2007 2007-2008 2008-2009 2008-2009 2009-2010 2010-2011 Balance Balance Balance Balance Utilized Balance To be Utilized (estimated) (recommended) Suffolk County Tax Act 685,000 685,000 785,000 1,105,000 250,000 855,000 350,000 Workers Compensation 328,623 327,518 367,709 348,111 50,000 298,111 50,000 Retirement Contribution Reserve - 500,000 500,000 500,000 150,000 350,000 150,000 Compensated Absence Reserve 1,603,180 1,683,413 1,904,686 1,978,416 1,978,416 Unemployment Reserve 17,935 17,935 217,935 184,009 184,009 Undesignated Reserve 669,275 1,068,850 1,453,836 1,486,218 1,486,218 Maximum allowed by regulation 2% 3% 4% 4% 4% Total Reserves 3,304,013 4,282,716 5,229,167 5,601,755 450,000 5,151,755 550,000 9

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