SALMON RIVER Central School District 2017-18 Budget Presented by: Dr. Stanl nley y Harper rper, , Superintendent Natasc scha ha Jock, School Business Executive
2017-18 Budget Goals Develop an educationally and fiscally responsible budget to adequately preserve and provide programs and services for our students, not only for next year, but for future generations as well Create conditions that inspire students to become college and career ready
2017-18 Budget Highlights 2% Tax Levy Increase Overall budget increase of 6.58% due to increases in debt service for capital project and new positions Total Budget $30,851,524
2017-18 State Aid Increases The NYS Budget was adopted and provides the District to State Aid A $431,609 increase in Foundation Aid A total of a 3% increase in State Aid
2017-18 Fixed Budget Costs Contractual Salary Increase $ 375,366 Retirement Costs -26,800 Health Insurance 90,000 Utilities 32,000 Debt 781,267 Total Increa eases ses $1, 1,25 251,833 ,833
2017 -18 Budget Additions 1.5 Reading Teachers Full Day Pre K Art Teacher Science Teacher Special Ed/Math Teacher 7-12 Psychologist IT Director Senior Maintenance Worker Enhanced Elementary Summer School STEM Enrichment Program (Robotics Literacy) Co-Ed Indoor Track
2017-18 Budget EXPENDITURES Category 2016-2017 2017-2018Difference General Support $ 3,129,997 $ 3,170,700 $ 40,703 Instruction $ 11,669,955 $ 12,221,321 $ 551,365 Transportation $ 1,790,020 $ 1,786,282 $ (3,738) Community Service $ 19,000 $ 19,000 $ 0 Employee Benefits $ 8,131,195 $ 8,665,000 $ 533,805 Debt Service $ 3,887,955 $ 4,669,222 $ 781,267 Interfund Transfers $ 320,000 $ 320,000 $ 0 Total Expenditures $ 28,948,122 $ 30,851,524 $ 1,903,402 REVENUES Category 2016-2017 2017-2018 Difference Property Taxes $ 2,044,697 $ 2,085,291 $ 40,594 Charges for Services $ 4,785,851 $ 4,857,500 $ 71,649 Use of Money and Property $ 109,000 $ 109,000 $ 0 Miscellaneous $ 185,500 $ 185,500 $ 0 State Aid $ 21,092,410 $ 22,686,159 $ 1,593,749 Federal Aid $ 325,568 $ 290,468 $ (35,100) Fund Balance $ 405,096 $ 637,606 $ 232,510 Total Revenues $ 28,948,122 $ 30,851,524 $ 1,903,402
Analysis of Fund Balance Usage $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $- $(2,000,000) $(4,000,000) $(6,000,000) Fund Balance Used Fund Balance Remaining
2% Tax Levy Increase There will be a 2% increase in the tax levy for the 2017-18 school year Tax Levy will be $2,070,291 Estimated Tax Rate is $11.08/$1,000 of assessed home value. Average home owner with assessed home value of approximately $50,000 will pay approximately $220 with STAR program
History of the Tax Rate 16 Tax Rate/1 /1,00 ,000 15 14 13 12 11 10
With Voter Support This Budget Preserves & Enhances: Academic Intervention Services College & Career Pathways and Support Academic Rigor Attendance Initiatives Technology Driver Education Sunset Night High School Program Kindergarten Transition Program Employee Assistance Program
Bus Replacement Plan 5 Yea ear Plan Average age of buses is 6 years / 80,000 miles Newer buses 5 year warranty Trade in value of approx. $20,000 Budget impact after aid: $9,000 Rec ecom omme menda dati tion on Purchase (3) 66-passenger busses and (1) 20-passenger bus, not to exceed $460,000
Voter Propositions: 2017-18 Proposed Budget SHALL the Board of Education of Salmon River Central School District be authorized to expend the sum of $30,851,524 as General Fund appropriations for the school year 2017-18 & levy the necessary tax therefore?
Voter Propositions: Propos position ition # 1 1: Vote e Yes or No No Bus Purcha hase: se: Shall the Board of Education of Salmon River Central School be authorized to purchase no more than (3) 66-passenger buses and (1) 20-passenger bus & to expend the sum not to exceed $460,000; which sum shall be raised by the issuance of serial bonds, notes and renewal notes to raise such money and, in anticipation of the issuance thereof and/or statutory installment bonds, notes & renewal notes, to authorize the issuance of obligations of said School District & levy the necessary tax therefore? Propo posi sition tion #2: Shall the Board of Education commencing with 2017-18 and 2018-19 school years, have a non-voting student representative thereupon and such representative shall be entitled to participate in all Board of Education public hearings and meetings but shall not participate with respect to any and all executive sessions?
Board Vacancies 5 Year Term, last- 5 Year Term, last- elected incumbent, elected incumbent, Linda Durant Jason Brockway Vote for One (1) Vote for One (1)
Important Dates 4/11/17 – Board Approved Spending Plan 5/03/17 – Public Hearing 5/16/1 6/17 7 – Sch chool ool Budge dget t Vot ote e and d Electio ction, n, 12-8 8 PM, , HS Aud udit itor orium ium Budge get t Summa mmary Budg dget et $30,85 851,524 2% Tax Levy y Increas rease
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