Dunkirk City School District Annual Budget Presentation May 12, 2015
DCSD GUIDING BUDGET PARAMETERS Continuous evaluation of educational program and alignment • to student needs . • Ongoing application of Common Core standards and modules. Increasing Supply and Technology budgets to meet mandates. • Increasing staff to meet ELL and Special Education needs. Control the controllable. • • Tax Levy Limit adherence leads to participation in Property Tax Freeze . • Declining General Fund surplus as needs escalate. Use of reserves to fund budget –reserves built on past control performance. • Manage Federal resources to compliment and enhance programs. Manage capital projects and their impact on budget. • • Phases I, II and III closed out under budget. • Phase IV awaiting SED approval: managing scope, timing and aid variables. • Required 5 year facilities plan in development.
Budget Basics $ 42,086,078 Proposed 2015 -2016 Budget $ 41,177,757 2014 –2015 Budget $ 908,322 Increase of 2.21% Higher Payroll costs on increased staffing offset somewhat by lower Retirement System contributions account for the bulk of the increase.
BUDGET BREAKDOWN Instruction increases as a result of higher payroll, supply and technology costs. • Undistributed includes employee benefits and reflect lower retirement system payments. • Proposed Budget Adopted Budget $ 2015-16 2014-15 Change % General Support $ 4,172,375 $ 4,099,761 $ 72,614 1.77% Instruction $ 22,617,778 $ 21,323,652 $ 1,294,126 6.07% Pupil Transportation $ 1,159,684 $ 1,159,191 $ 493 0.04% Community Services $ 52,877 $ 32,877 $ 20,000 60.83% Undistributed $ 14,083,364 $ 14,562,276 $ (478,912) -3.29% Total General Fund Budget $ 42,086,078 $ 41,177,757 $ 908,321 2.21%
Proposed 2015-2016 Budget Summary General Support , 9.91% Undistributed , 33.46% Community I nstruction , Services , 0.13% 53.74% Pupil Transportation , 2.76%
Budget Summary by the Three Components 2015-16 Administrative Component $ 4,282,913 Program Component $31,055,400 Capital Component $ 6,747,765 Administrative Capital Component, Component, 10.18% 16.03% Program Component, 73.79%
Proposed 2015-16 Revenue Summary NYS Aid accounts for the majority of the Revenue increase –State Sources. o Federal Sources = Interest refunding on the Qualified School Construction Bond primarily. o Fund Balance allocation continues at a historically high level. o Tax levy decrease of 1.00% to $9,361,295 . o 2015-16 2014-15 CHANGE % $42,086,078 $41,177,757 $908,321 2.21% Real Property Tax Items $13,516,274 $13,594,375 -$78,101 -0.57% Charges for Services $112,000 $112,000 $0 0.00% Use of Money & Property $3,600 $3,600 $0 0.00% Sale of Property $650 $650 $0 0.00% Miscellaneous $138,900 $138,900 $0 0.00% InterfundRevenues $0 $0 $0 0.00% State Sources $24,896,497 $24,193,613 $702,884 2.91% Federal Sources $241,300 $214,034 $27,266 12.74% Fund Balance $3,176,857 $2,920,585 $256,272 8.77%
Proposed 2015-2016 Revenue Summary Property Tax Payment in Lieu of Taxes Program 9.8% Use of Money 0.0% Other 1.6% Property Tax Local Effect 22.2% Fund Balance 7.5% State Aid 59.2%
DCSD BUDGET CHALLENGES Revenues – 2016 Budget relies on documentation and funding of the Amended NRG Pilot for just under 10% of revenue. For 2016 and beyond, these revenues continue to approximate $4.0 million annually. Local property tax levy is forecast at a 1% decline, with accumulated reserves applied in place of increases. NYS school aids reach 59.2% of revenue, making the District highly vulnerable to annual swings in State budget priority and policy. Large industrial and retail property tax payers continue to aggressively challenged assessments. Appropriations – Staff increases necessitated by higher enrollment in Special Education and ELL. Boces, Contractual and Supply budgets increasing, at least in part due to Common Core requirements. Employee Benefit costs have flattened with lower mandated Retirement payments offsetting higher healthcare cost and the impact of the Affordable Care Act. Reserves – The challenges outlined above, and their potential budgetary impact, highlight the need for reserves. Mandated programs and payments combined with a significant reliance on outside revenue sources is a potentially volatile mix.
DUNKIRK CITY SCHOOL DISTRICT Estimated May, 2015 2015-16 2014-15 2013-14 Estimated Full Value $521,133,985 $516,566,967 $508,960,687 Tax rate $17.96 $18.31 $18.89 Equalization Rate 100% 100% 100% DUNKIRK CITY Estimated Assessment $284,962,516 $284,962,516 $284,927,931 Tax rate $21.91 $22.32 $23.04 Equalization Rate 82.00% 82.00% 82.00% DUNKIRK TOWN Estimated Assessment $100,961,533 $100,017,166 $100,457,054 Tax rate $25.66 $25.60 $25.70 Equalization Rate 70.00% 71.50% 73.50% SHERIDAN TOWN Tentative Assessment $19,396,054 $19,104,749 $17,367,935 Tax rate $27.22 $27.95 $26.99 Equalization Rate 66.00% 65.50% 70.00% Per NYS ORPS – “a falling equalization rate means that market values are rising faster than assessed values.” Equalization Rate = Total Assessed Value as determined locally / Total Market Value as determined by NYS. Town of Dunkirk reflects Tentative Roll information adjusted for estimated Purina assessment change. District expects to meet the criteria for NYS Property Tax Freeze participation through a filing with Erie II Boces School Districts.
Tentative STAR Analysis After STAR Tax Analysis City of Dunkirk 2015 2014 2015 2014 Assessed value $ 100,000.00 $ 100,000.00 Assessed value $ 100,000.00 $ 100,000.00 City Tax Rate $ 21.91 $ 22.32 City Tax Rate $ 21.91 $ 22.32 Implied Tax $ 2,190.65 $ 2,232.34 Implied Tax $ 2,190.65 $ 2,232.34 Basic STAR $ 24,600.00 $ 24,600.00 Enhanced STAR $ 53,550.00 $ 52,640.00 STAR Savings $ 538.90 $ 549.16 STAR Savings $ 1,173.09 $ 1,175.10 STAR Max 2% $ 560.14 STAR Max 2% $ 1,198.61 Final Bill $ 1,651.75 $ 1,683.18 Final Bill $ 1,017.56 $ 1,057.24 Increase $ $ (31.44) Increase $ $ (39.68) Increase % -1.87% Increase % -3.75% Est NYS Rebate $ 27.27 Est NYS Rebate $ 17.13 Rebate defined as greater of difference in Final Bill change or 2014 billing times .0162.
2016 PROPERTY TAX REPORT CARD DATA Total Proposed Enrollment Spending Percent Tax Levy Percent DISTRICT NAME Change Percent Change Change A 0.50 2.35 2.41 B 2.93 2.20 2.14 C 0.12 2.17 1.13 D 1.50 2.01 -1.27 E -0.18 1.99 -3.90 F 3.31 1.98 0.21 G 7.05 1.95 -5.85 H 2.44 1.87 -3.56 I 3.46 1.73 -2.85 J -0.86 1.64 -1.02 K 1.72 1.50 0.00 L 2.15 1.50 0.00 M 2.42 1.50 1.45 N 1.50 0.48 -1.57 DUNKIRK CITY SD 2.21 -1.00 0.25 O 1.85 -1.24 3.38 P -5.12 -1.52 -0.34 Q 5.82 -4.68 -1.81
DCSD 2015-2016 Budget Presentation Other Required Documents: Property Tax Report Card Administrative Salary Disclosure Contingent Budget Calculation Property Tax Exemption Report Fiscal Accountability Supplement www.dunkirkcsd.org under the Department Tab - Business Office Questions or Comments?
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