CAIRO-DURHAM CENTRAL SCHOOL DISTRICT 2010-2011 FINANCIAL PLAN - PowerPoint PPT Presentation

CAIRO-DURHAM CENTRAL SCHOOL DISTRICT 2010-2011 FINANCIAL PLAN

2010-2011 BUDGET DEVELOPMENT CALENDAR Nov. 5 – Dec. 7 - Budget materials to administrators-Discussion of priorities January 4, 2010 - Requisitions due from Principals/Supervisors March 11 – March 25 - Board of Education review of Superintendent’s Budget April 2 - First Legal Notice to Newspapers (45 days) April 19 - Petitions due for Board of Ed. Candidates – 5:00 p.m.(30 days) April 19 - Applications for Absentee Ballots available April 24 - Property Tax Report Card to SED May 4 - Budget Document available (7 days prior to hearing) May 11 - Budget Hearing (At least 7 days prior to vote) May 11 - Voter Registration 12:00-8:00 p.m. High School Lobby May 11 - Absentee Ballot Application Deadline May 12 - Budget Notice & Newsletter Mailed (6 days prior to vote) May 18 - Budget Vote and Board of Ed. Election 12:00-9:00 p.m.

PUBLIC MEETINGS - 7:00 P.M. HIGH SCHOOL MEDIA CENTER Thursday, March 11 Budget Proposals: Middle & High School Principals Elementary Principals Special Education Buildings and Grounds Transportation Interscholastic Sports – A.D. Thursday, March 25 Proposed Budget: Benefits Debt Services BOCES Revenues Tuesday, April 20 FINAL ADOPTION OF BUDGET Tuesday, May 11 BUDGET HEARING – Regular Board Meeting

2010 - 2011 PROPOSED BUDGET REVENUES • BUDGET REVIEW • TAX LEVY • PROPOSITION INFORMATION • VOTER QUALIFICATIONS • ABSENTEE VOTING • VOTING INFORMATION •

2010-2011 Budget Development Budget Basics: Income Sources Where does our money come from? For 2009-2010 State Aid & : 54% • Federal Aid (Medicaid/ARRA) Tax Levy: 40% • Other Revenues: 2% • (Interest, Charges for services, sale of property, refunds of prior year) Appropriated Fund Balance: 4% •

2010-2011 REVENUE PROJECTION- Local Sources SOURCE 2009-2010 2010-2011 $ VARIANCE Payments in Lieu of Taxes 125,000 140,000 15,000 Real Estate Tax Int. Penalty 20,000 20,000 0 Charges for Service 102,000 102,000 0 Use of Money and Property 125,000 80,000 <45,000> Sale of Property 1,000 1,000 0 Refund Prior Years Expense 50,000 225,000 175,000 Miscellaneous 1,000 1,000 0 $424,000 $569,000 $145,000

2010-2011 STATE AID PROJECTION Executive Budget (Governor’s) Proposal Aid Category 2009-2010 2010-2011 $ Variance Foundation Aid 9,517,370 9,517,370 0 High Tax Aid 184,142 184,142 0 BOCES Aid + Special aid 733,288 866,302 133,013 Public Excess High Cost aid 72,937 177,006 104,069 Private Excess Cost Aid 256,203 240,088 (16,115) Computer Hardware and Technology Aid 24,480 22,103 (2,377) Software Aid 23,714 22,994 (720) Textbook Aid 94,132 91,395 (2,737) Library Aid 9,893 9,593 (300) Transportation Aid 1,533,032 1,705,782 172,750 GAP Elimination & Federal Restoration N/A -1,340,438 -1,340,438 $12,449,191 $11,496,336 ($952,855) Building Aid $1,294,671 $2,091,659 $796,988 Reorganization Incentive Bldg Aid $276,798 $472,530 $195,732 Total Aid $14,020,660 $14,060,526 $39,866 Medicaid $100,000 $60,000 ($40,000)

2010-2011 REVENUE PROJECTION

THREE PART BUDGET Program Component $19,504,399 Administrative $2,562,922 Component Capital Component $5,659,605 2010-2011 Proposed Budget $27,726,926

2010-2011 Budget Development Budget Basics: 2009-2010 What is our money used for? Salaries: 47% • Benefits: 21% • Boces: 8% • Operation & Maintenance: 4% • Transportation: 5% • Debt Service: 9% • Other-equipment, contractual, • materials & supplies: 6% Buses: 0% •

2010-2011 Program Component • Staffing Cuts (Salaries & Benefits) -$646,635 • 7.2 Teachers Total • 3.6 Elementary • 3.6 Middle School/High School • 1.0 Psychologist • 1.0 Teaching Assistant • Cut Technology equipment to State Aid amount -$22,520 • Textbooks to State Aid -$18,728 • All Assistant Coaches -$ 7,800 • Elementary Late runs/ 1 Middle/High School late run, Field Trips -$ 5,591 • Supplies & Equipment -$17,665

PROGRAM COMPONENT Total proposed Program expenses $19,235,714 $19,504,399 $268,685

PROGRAM COMPONENT • 2009-2010 $19,235,714 • 2010-2011 proposed $19,504,399 • + $268,685 • 1.4% spending increase to the total budget • 70.4% of total budget

2010-2011 Administrative Component Cut 1 day a week for 8 weeks during Summer for • Micro-Computer Operators -$15,355 • Administration -$78,710 • No 1% • No vacation buy back • Shared Director of Special Education • Public Information Services -$11,728 • Waive of Raises for non-aligned staff -$14,049

ADMINISTRATIVE COMPONENT FUNCTION 2009-10 2010-11 $ Change BOARD OF EDUCATION $18,380 $17,130 -$1,250 CENTRAL ADMINISTRATION $181,702 $180,652 -$1,050 FINANCE $387,961 $379,172 -$8,789 LEGAL-PERSONNEL-PUBLIC RELATIONS $63,604 $50,196 -$13,408 CENTRAL PRINTING AND MAILING $68,980 $63,985 -$4,995 SPECIAL ITEMS $347,079 $348,997 $1,918 CURRICULUM DEVELOPMENT AND $67,022 $82,648 $15,626 IN SERVICE TRAINING SUPERVISION REGULAR SCHOOL $960,253 $921,874 -$38,379 EMPLOYEE BENEFITS $498,039 $518,269 $20,230 Total proposed Administrative $2,593,020 $2,562,922 -$30,098

ADMINISTRATIVE COMPONENT • 2009-2010 $2,593,020 • 2010-2011 proposed $2,562,922 • ($30,098) decrease  from 2009-2010 • (1.16%) decrease  • 9.3% OF TOTAL BUDGET

2010-2011 Capital Component Operation & Maintenance Cuts • • Salary -$ 4,307 • Equipment -$ 5,000 • Contractual -$74,440 • Materials & Supplies -$21,800 Outright purchase of buses $639,970 • Debt Services $241,662 • Increase principal and interest payments due to BAN renewal for Phase III of Excel project

BUS REPLACEMENT PLAN

BUS REPLACEMENT PLAN Cost $95,996.94 # of Buses 10 Total Cost of Buses $959,969.40 Less Trade In Value ($320,000.00) Net Cost $639,969.40 State Aid Ratio 75.9% $485,736.77 Net Cost to Taxpayers $154,232.63 ÷ 10= $ 15,423.26 per bus BUY 1.5 BUSES, GET 8.5 PLUS FREE! PLUS NO BORROWING COST!

CAPITAL COMPONENT Total proposed Capital expenses $4,833,034 $5,659,605 $826,571

CAPITAL COMPONENT • 2009-2010 $4,833,034 • 2010-2011 proposed $5,659,605 • +$826,571 • 17.1% spending increase to the total budget • 20.4% of total budget

2010-2011 PROPOSED BUDGET COMPONENT 2009-2010 2010-2011 DOLLAR PERCENT BUDGET BUDGET VARIANCE VARIANCE Administrative $ 2,593,020 $2,562,922 -$30,098 -1.16% Program $19,235,714 $19,504,399 $268,685 1.4% Capital $4,833,034 $5,659,605 $826,571 17.10% TOTAL: $26,661,768 $27,726,926 $1,065,158 4.0%

2010-2011 Proposed Budget

FISCAL RESPONSIBILITY Overall Program review to insure best use of resources • Distance Learning • Bus Purchase Plan • Exploration of Wood Bio-Mass Project • Energy Education • Attrition due to Retirement • Partnership with BOCES to maximize funding •

2010-2011 Proposition Information • The 2010 - 2011 Budget Resolution Proposition #1 Cairo Library • Proposition #2 Bio Mass Heating System • Review of Voter Qualifications • Absentee Voting • Voter Information • Election of Board Members •

The Budget RESOLVED, that the proposed budget for expenditures of the Cairo- Durham Central School District for the 2010-2011 school year in the amount of $27,726,926, and for the purposes shown in the statement of estimated expenditures adopted by the Board of Education, be and the same hereby is approved and the amount thereof shall be raised by a levy of a tax upon the taxable property of the school district, after first deducting the monies available from State Aid and other sources as provided by law. YES ________ NO __________

Proposition #1 CAIRO PUBLIC LIBRARY RESOLVED, to authorize the Board of Education of the Cairo- Durham Central School District, Counties of Albany, Greene and Schoharie, New York to increase the appropriation for the support and maintenance of the Cairo Public Library for the 2010 year by $6,000 from $18,500 to $24,500 and that said amount shall be raised by the levy of a tax upon taxable property of said school district and collected in annual installments as provided by Section 416 of Education Law. YES _________ NO _________

Proposition #2 Shall the Board of Education be authorized to: (1) acquire, construct and install a bio-mass heating system, including the construction of a free standing building and site work, at a maximum aggregate cost of $2,262,295; (2) expend such sum for such purpose; (3) levy of the necessary tax therefore, to be levied and collected in annual installments in such years and in such amounts as may be determined by the Board of Education taking into account state aid received; and (4) in anticipation of the collection of such tax, issue bonds and notes of the District at one time or from time to time in the principal amount not to exceed $2,262,295, and levy a tax to pay the interest on said obligations when due? YES ________ NO __________