HOLLAND CENTRAL SCHOOL DISTRICT 2015-2016 BUDGET PRESENTATION DRAFT - PowerPoint PPT Presentation

HOLLAND CENTRAL SCHOOL DISTRICT 2015-2016 BUDGET PRESENTATION – DRAFT #2 PRESENTED BY : LAURA BOSINSKI, BUSINESS OFFICIAL JANUARY 26, 2015

PRESENTATION OVERVIEW  Governor’s Executive Budget Information  Tax Cap Calculation  2nd Draft 2015-16 Items, Requests, and Reductions Included  2nd Draft 2015-16 Proposed Expenditures  2nd Draft 2015-16 Projected Revenues  2nd Draft 2015-16 Overall Budget  Summary  Questions

GOVERNOR’S EXECUTIVE BUDGET INFORMATION 2 ND DRAFT 2015-16

GOVERNOR’S EXECUTIVE BUDGET INFORMATION Proposed a $1.1 billion increase in school aid, BUT ONLY IF the Legislature accepts the proposed reforms  regarding teacher evaluation and the tenure process. If Legislature does not agree, funding will drop to $377 million to cover categorical reimbursement aid for  transportation, building, and BOCES. The Statewide School Finance Consortium is reporting that these expense driven aids will also be frozen.  School aid runs will not be released, so we are unable to estimate state aid for revenues.  Without the school aid runs, we are not able to accurately calculate the tax cap.  GEA discontinuation or reduction is not reported. 

GOVERNOR’S EXECUTIVE BUDGET INFORMATION (CONT.) New Proposals Education Tax Credit  Tax credit for those who donate to the Educational Scholarship Organization, which provides scholarships to students who  wish to attend non-public schools or public schools outside of their district of residence. Students must have a household income of less than $250,000 annually. Tax credit is equal to 75% of the contribution or $1 million, which ever is less. Preschool Special Education  Calls for regional rates set by SED for Special Education Itinerant T eacher (SEIT) program starting with the 2015-16 school  year. Special Education Waiver Process  A continuation of a proposal from last year which allows school districts, BOCES and private placements to request a  waiver of some special education requirements.

GOVERNOR’S EXECUTIVE BUDGET INFORMATION (CONT.) New Proposals (cont.) Contracts for Excellence  Requires districts who are currently under a contract for excellence to remain in the program and maintain funding until  the district is reported as being “in good standing.” Property Tax Credit Program  A property tax program of $1.66 billion that would offer tax breaks to those whose property tax is more than 6% of their  income. Individuals must be in a tax compliant town/city and have an annual household income of less than $250,000. **Data from: New York State Association of School Business Officials www.nysasbo.org Statewide School Finance Consortium www.statewideonline.org

TAX CAP CALCULATION 2 ND DRAFT 2015-16

TAX CAP CALCULATION Tax Levy Limit Before Adjustments and Exclusions 2014-15 Tax Levy 7,086,850 x Tax Base growth factor 1.0029 determined by Dept of Tax & Finance 7,107,402 + PILOTS receivable in 2014-15 18,000 budgeted 14/15 - Capital Tax Levy for 2014-15 0 entered 13/14 7,125,402 x Allowable Levy growth factor 1.0162 determined by Office of State Comptroller 7,240,833 - PILOTS receivable in 2015-16 0 budgeted 15/16 Total Levy Limit Before Adjustment and Exclusions $ 7,240,833 153,983 2.17%

TAX CAP CALCULATION (CONT.) Exclusions Tax Levy necessary for expenditures arising + out of tort orders/judgements over 5% of 2014-15 tax levy 0 none Tax Levy necessary for pension contribution expenditures in excess of 2%: + ERS 0 increase not greater than 2% + TRS 0 increase not greater than 2% + Capital Tax Levy for 2015-16 0 see capital exclusion tab Total Exclusions 0 TAX Levy Limit, adjusted for transfers,plus exclusions $ 7,240,833 153,983 2.17%

ITEMS, REQUESTS, AND REDUCTIONS INCLUDED 2 ND DRAFT 2015-16

ITEMS, REQUESTS, AND REDUCTIONS INCLUDED “THE MUSTS” Negotiated salary increases for all settled contracts  Estimated salary increases for annual contracts  Financial Software purchase – Alio  Legal Fees increases  Utilities increases by 5%, Liability and Auto Insurances increases by 3%  Increases to Buildings & Grounds contractual lines for potential emergency building repairs  Special Education private and public tuition increases by 5%  Gasoline increases based on need 

ITEMS, REQUESTS, AND REDUCTIONS INCLUDED (CONT.) “THE ADDITIONS” Board of Education Professional Development increases  Administration and Faculty Professional Development increases  New mower for Buildings & Grounds  Fund new Community Education Program – Director and Instructor salaries  Continue Learning and T eaching initiative with additional iPads and carts for ES  Athletic Program increases to fund merged teams with EA, possible championship trips, and uniform replacements 

ITEMS, REQUESTS, AND REDUCTIONS INCLUDED (CONT.) “THE FACULTY AND STAFF ADDITIONS” Fully fund Director of Curriculum salary  2.5 FTE T eacher Aides for ES  2.0 FTE Math AIS T eacher – 1.0 FTE in ES and 1.0 FTE JSHS  1.0 FTE Special Education T eacher – for new JSHS 8:1:1 class  3.0 FTE Special Education T eacher Aides – 1.0 FTE for new JSHS 8:1:1 class, 2.0 FTE if needed based on district  wide student enrollment and IEPs Special Education Clerk Typist Substitute to assist with Medicaid entry (if needed)  3.0 FTE Bus Monitors – 2.0 FTE currently required as per IEPs and 1.0 FTE if needed based on district wide  student enrollment and IEPs 1.0 FTE Integration Specialist – District wide 

ITEMS, REQUESTS, AND REDUCTIONS INCLUDED (CONT.) “THE REDUCTIONS” Reduce Contract Transportation to fund two possible runs as needed based on district wide enrollment and IEPs.  Reduce Employee Benefits to reflect current need and usage.  Reduce TRS allocation as contribution rate drops from 17.45% to a projected 13.5%.  Reduce Debt Service as per bond repayment schedules.  Reduce Special Education Private tuitions as students are brought back to district in new JSHS 8:1:1 class.  Reduce Health Insurance increase from estimate of 15% increase to an estimated 11% increase. 

PROPOSED EXPENDITURES 2 ND DRAFT 2015-16

PROPOSED EXPENDITURES $ Change of 2013-14 2015-16 2015-16 2014-15 Budgeted Actual 2014-15 1st Draft 2nd Draft to 2015-16 2nd (exp + enc) Budgeted Proposed Proposed Draft Proposed Contractual Salaries $ 6,749,477 $ 7,042,549 $ 7,422,267 $ 7,425,267 $ 382,718 Utilities $ 327,463 $ 371,050 $ 367,338 $ 367,338 $ (3,713) BOCES $ 3,034,253 $ 2,787,024 $ 3,118,545 $ 3,118,545 $ 331,521 Special Ed Tuitions $ 353,659 $ 439,951 $ 424,000 $ 424,000 $ (15,951) Retirement Cont. (ERS & TRS) $ 1,044,263 $ 1,100,000 $ 1,045,000 $ 1,045,000 $ (55,000) Social Security $ 509,348 $ 585,000 $ 585,000 $ 585,000 $ - Worker's Comp & Ins. $ 243,502 $ 290,850 $ 262,301 $ 262,301 $ (28,549) Health Insurance $ 1,600,824 $ 2,041,528 $ 2,116,384 $ 2,042,858 $ 1,330 Debt Service $ 2,332,208 $ 1,411,173 $ 803,281 $ 803,281 $ (607,892) Other $ 1,336,488 $ 1,553,875 $ 1,736,228 $ 1,739,378 $ 185,503 Totals: $ 17,531,486 $ 17,623,000 $ 17,880,344 $ 17,812,967 $ 189,967 increase in spending: 1.08%

PROJECTED REVENUES 2 ND DRAFT 2015-16

PROJECTED REVENUES $ Change of 2015-16 2015-16 2014-15 Budgeted 2013-14 2014-15 1st Draft 2nd Draft to 2015-16 2nd Actuals Budgeted Projected Projected Draft Projected Property Tax Levy including STAR- 2.16 % increase assumed $6,914,000 $ 7,086,850 $ 7,208,587 $ 7,218,326 $ 131,476 Other $88,821 $ 31,000 $ 16,000 $ 16,000 $ (15,000) Sales Tax $934,265 $ 905,000 $ 910,000 $ 910,000 $ 5,000 Misc $272,656 $ 173,000 $ 173,000 $ 179,000 $ 6,000 State Aid $9,010,207 $ 8,667,150 $ 8,839,693 $ 8,667,150 $ - 0% increase assumed Interfund Transfers $363,812 $ - $ - $ - $ - Totals: $17,583,761 $ 16,863,000 $ 17,147,280 $ 16,990,476 $ 127,476 increase in revenue: 0.76%

OVERALL BUDGET 2 ND DRAFT 2015-16

OVERALL BUDGET $ Change of 1st Draft 2nd Draft 14-15 Budget 2013-14 2014-15 2015-16 2015-16 to 2nd Draft Actual Budget Budget Budget 15-16 Budget Proposed Expenditure Budget $ 17,531,486 $ 17,623,000 $ 17,880,344 $ 17,812,967 $ 189,967 Projected Revenue Budget $ 17,583,761 $ 16,863,000 $ 17,147,280 $ 16,990,476 (assumes 2.16% tax levy increase) (assumes 0% state aid increase) Fund Balance Allocation $ (52,275) $ 760,000 $ 733,064 $ 733,064 Total Budget: $ 17,531,486 $ 17,623,000 $ 17,880,344 $ 17,723,540 $ 100,540 Budget Surplus/(Shortfall): $ (89,427)

SUMMARY 2 ND DRAFT 2015-16