Mission Statement The mission of Avoca Central School is to develop - PDF document

5/9/2017 2017-2018 Budget Presentation May 9, 2017 Mission Statement The mission of Avoca Central School is to develop every child as a respectful, responsible person who is motivated and prepared academically, as well as socially, emotionally, and physically, to meet life's challenges. We will accomplish this mission by providing a coordinated curriculum implemented by a creative, collaborative staff in a supportive environment. 1

5/9/2017 Enrollment and Staff Trends Proposition I – Adopt the Annual Budget 2017-2018 2

5/9/2017 Three Part Budget ADMINISTRATIVE CAPITAL 9.6% 25.2% 65.2% PROGRAM Administrative 2016-17 2017-18 DOLLAR BUDGET BUDGET CHANGE BOARD OF EDUCATION $12,000 $12,000 $0.00 DISTRICT CLERK $4,000 $4,000 $0.00 DISTRICT MEETING $1,200 $1,200 $0.00 CHIEF SCHOOL ADMINISTRATOR $173,990 $185,908 $11,917.61 BUSINESS ADMINISTRATION $198,645 $186,138 -$12,507.19 AUDITING $24,000 $23,000 -$1,000.00 TREASURER $21,047 $2,000 -$19,046.75 TAX COLLECTOR $4,200 $1,200 -$3,000.00 FISCAL AGENT FEE $5,000 $5,000 $0.00 LEGAL $8,750 $9,500 $750.00 PUBLIC INFORMATION & SERVICES $3,750 $3,750 $0.00 CENTRAL PRINTING & MAILING $62,083 $55,300 -$6,783.42 UNALLOCATED INSURANCE $48,873 $50,339 $1,466.00 BOCES ADMINISTRATIVE COSTS $167,757 $184,005 $16,248.00 CURRICULUM DEVEL & SUPERVISION $66,194 $71,729 $5,535.00 SUPERVISION-REGULAR SCHOOL $219,049 $221,847 $2,797.70 STATE RETIREMENT $28,437 $25,891 -$2,546.00 TEACHERS' RETIREMENT $32,297 $31,801 -$496.00 SOCIAL SECURITY $36,275 $38,224 $1,949.00 WORKERS' COMPENSATION $6,240 $5,340 -$900.00 LIFE INSURANCE $751 $751 $0.00 HOSPITAL, MEDICAL & DENTAL INS $85,706 $85,706 $0.00 UNION WELFARE BENEFITS $6,872 $6,872 $0.00 $1,217,116 $1,211,500 -$5,616.05 3

5/9/2017 Program 2016-17 2017-18 DOLLAR BUDGET BUDGET CHANGE REGULAR SCHOOL INSTRUCTIONAL $2,539,694 $2,683,839 $144,145 PROGRAMS-STUDENTS W/ DISABIL $1,171,307 $1,190,471 $19,164 OCCUPATIONAL EDUCATION $482,916 $521,986 $39,070 TEACHING-SPECIAL SCHOOLS $24,835 $24,835 $0 SCHOOL LIBRARY & AUDIOVISUAL $85,883 $85,370 -$513 TELECOMMUNICATIONS $115,541 $95,142 -$20,399 COMPUTER ASSISTED INSTRUCTION $232,049 $232,158 $109 ATTENDANCE-REGULAR SCHOOL $12,903 $6,648 -$6,255 GUIDANCE-REGULAR SCHOOL $224,459 $221,942 -$2,517 HEALTH SERVICES-REGULAR SCHOOL $79,080 $47,260 -$31,820 PSYCHOLOGICAL SRVC-REG SCHOOL $88,642 $88,668 $26 CO-CURRICULAR ACTIV-REG SCHOOL $33,604 $34,000 $396 INTERSCHOL ATHLETICS-REG SCHOOL $117,103 $138,317 $21,214 DISTRICT TRANSPORTATION $601,736 $572,092 -$29,644 GARAGE BUILDING $70,229 $70,502 $273 CIVIC ACTIVITIES/CENSUS $10,500 $15,500 $5,000 STATE RETIREMENT $91,536 $84,653 -$6,883 TEACHERS' RETIREMENT $413,175 $355,719 -$57,456 SOCIAL SECURITY $293,395 $285,331 -$8,064 WORKERS' COMPENSATION $56,969 $46,880 -$10,089 LIFE INSURANCE $8,778 $8,778 $0 HOSPITAL, MEDICAL & DENTAL INS $1,356,149 $1,356,149 $0 UNION WELFARE BENEFITS $75,275 $76,637 $1,362 $8,185,758 $8,242,878 $57,120 Capital 2016-17 2017-18 DOLLAR BUDGET BUDGET CHANGE OPERATION OF PLANT 475,870 496,766 $20,896 MAINTENANCE OF PLANT 109,720 127,000 $17,280 REFUND ON REAL PROPERTY TAXES 2,500 2,500 $0 STATE RETIREMENT 46,904 45,685 -$1,219 SOCIAL SECURITY 24,979 24,738 -$241 WORKERS' COMPENSATION 8,810 7,121 -$1,689 LIFE INSURANCE 780 780 $0 HOSPITAL, MEDICAL & DENTAL INS 79,965 79,965 $0 UNION WELFARE BENEFITS 6,891 6,891 $0 DEBT SERVICE SERIAL BONDS 2,293,813 2,294,213 $400 TRANSFER TO CAPITAL 100,000 100,000 $0 $3,150,232 3,185,659 $35,427 4

5/9/2017 Debt Service APPROPRIATIONS: 16-17 17-18 A 9711.600-01-0000 BOND CONSTRUCT PRINCIPAL $1,770,000 $1,840,000 A 9711.700-01-0000 BOND CONSTRUCT INTEREST $523,813 $454,213 A 9950.900-01-0000 INTERFUND TRANSFER TO CAPITAL $100,000 $100,000 TOTAL DEBT SERVICE APPROPRIATIONS $2,393,813 $2,394,213 REVENUES: 16-17 17-18 A3101.005 STATE BUILDING AID $ 2,430,696 $ 2,486,054 TOTAL DEBT SERVICE REVENUE $ 2,430,696 $ 2,486,054 Excess Revenue will be Transferred to New Capital Reserve prior to June 30, 2018 $ 91,841 Three Part Budget 2016-17 2017-18 DOLLAR PERCENT COMPONENT BUDGET BUDGET CHANGE CHANGE ADMINISTRATIVE TOTAL $1,217,116 $1,211,500 -$5,616 -0.46% PROGRAM TOTAL $8,185,758 $8,242,878 $57,120 0.70% CAPITAL TOTAL $3,150,232 $3,185,659 $35,427 1.12% GRAND TOTAL $12,553,106 $12,640,037 $86,931 0.69% 5

5/9/2017 Tax Rate & Levy Budget and Levy Trends 6

5/9/2017 2016-2017 Tax Rate Comparison 30 23.64 23.72 25 21.85 21.13 19.79 18.96 18.46 18.15 17.78 17.85 17.22 20 16.58 16.5 15.9 14.74 14.32 13.47 13.9 12.41 15 11.84 9.91 10 5 0 Projected Tax Rate PROJECTED IN MAY ACTUAL IN AUGUST 14.11 14.07 14.06 14.04 14 13.77 RATE 13 12.90 12.90 12.41 12 2010 2011 2012 2013 2014 2015 2016 2017 YEAR 7

5/9/2017 Revenues Projected Revenues 2016-17 2017-18 PROPERTY TAXES $2,503,639 $2,503,639 OTHER REVENUES $201,757 $138,125 STATE & FEDERAL AID $9,606,210 $9,824,683 INTERFUND TRANSFER FROM RESERVES $66,500 $61,350 FUND BALANCE $175,000 $112,240 $12,553,106 $12,640,037 8

5/9/2017 Star, Report Card & Budget Notice Star Exemption Basic Star Exemption Enhanced Star 2016-17 on a home at Full Exemption on a home Market Value at Full Market Value Market (True) Value $50,000 $100,000 $50,000 $100,000 Less STAR Exemption $30,000 $30,000 $65,300 $65,300 Taxable Property Value $20,000 $70,000 $0 $34,700 True Value Rate/$1,000 $12.41 $12.41 $12.41 $12.41 Property Tax Levy w/o STAR $621 $1,241 $621 $1,241 STAR Exemption ($372) ($372) ($810) ($810) Tax Levy with STAR $248 $869 $0 $431 • New applicants who qualify for Basic or Enhanced STAR • You will register with New York State instead of applying with your assessor. • You will receive a STAR credit in the form of a check, rather than receiving a property tax exemption (if you qualify for STAR). The dollar value of the credit will be the same as the property tax exemption. 9

5/9/2017 2017-2018 Property Tax Report Card Budgeted Proposed Budget Percent 2016-17 2017-18 Change (A) (B) (C) Total Budgeted Amount, not Including Separate Propositions 12,553,106 12,640,037 0.69% A. Proposed Tax Levy to Support the Total Budgeted Amount, Net of Reserve 1 2,503,639 2,503,639 B. Tax Levy to Support Library Debt, if Applicable C. Tax Levy for Non-Excludable Propositions, if Applicable 2 D. Total Tax Cap Reserve Amount Used to Reduce Current Year Levy, if Applicable E. Total Proposed School Year Tax Levy (A + B + C - D) 2,503,639 2,503,639 0.00% F. Permissible Exclusions to the School Tax Levy Limit G. School Tax Levy Limit , Excluding Levy for Permissible Exclusions 3 2,546,454 2,556,267 H. Total Proposed School Year Tax Levy, Excluding Levy to Support Library Debt 2,503,639 2,503,639 and/or Permissible Exclusions (E - B - F + D) I. Difference: (G - H); (negative value requires 60.0% voter approval) 2 42,815 52,628 Public School Enrollment 443 443 Consumer Price Index 1.26% 1 Exclude any prior year reserve for excess tax levy, including interest. 2 Tax levy associated with educational or transportation services propositions are not eligible for exclusion under the School Tax Levy Limit and may affect voter approval requirements. 3 For 2016-17, includes any carryover from 2015-16 and excludes any tax levy for library debt or prior year reserve for excess tax levy, including interest. Actual 2016-17 Estimated (D) 2017-18 (E) Adjusted Restricted Fund Balance 2,789,529 2,966,563 Assigned Appropriated Fund Balance 375,465 350,000 Adjusted Unrestricted Fund Balance 1,876,813 2,008,077 Adjusted Unrestricted Fund Balance as a Percent of the Total Budget 14.95% 15.89% School District Budget Notice 10

5/9/2017 School District Budget Notice Proposition II – Vehicle Purchase • Shall the Board of Education be authorized to expend up to $399,000 from the existing Transportation Vehicle Replacement Reserve Fund for the purchase of three (3) school buses, one (1) passenger vehicle, and to expend therefore a gross sum not exceeding $399,000? 11

5/9/2017 Bus Purchase Data Sample Bus Purchase Calculation Purchase Price 114,850 Amortized State Aided Amount 119,641 Misc. State Deductions (10,947) Final Amount to be Aided 108,694 Total State Aid to ACS (@88.3%) 95,977 Final Cost to ACS 18,873 Trade in Value at 5 years 35,000 Net Cost to District (16,127) Proposed 2017 Bus Purchases AMORTIZED FINAL ASSUMED STATE AMOUNT DELIVERY APPROVED AIDED TO BE TOTAL AID FINAL TRADE NET BUS # DATE COST AMOUNT AIDED @ 88.3% COST IN COST 111 10/1/2017 114,850 119,641 108,693.85 95,977 18,873 35,000 (16,127) 112 10/1/2017 114,850 119,641 108,693.85 95,977 18,873 35,000 (16,127) WC113 10/1/2017 124,675 129,875 117,991.44 104,186 20,489 35,000 (14,511) A19 10/1/2017 34,000 36,460 33,123.91 29,248 4,752 5,000 (248) 12