Preliminary 2017 – 2018 School Budget
Adopted by the Board of Education November 8, 2016 HASTINGS-ON-HUDSON UNION FREE SCHOOL DISTRICT BOARD OF EDUCATION CALENDAR FOR 2017-2018 BUDGET DATE ACTIVITY 2016 November 8, Tuesday Budget calendar adopted by Board of Education December 8, Thursday Citizens Budget Advisory Committee 7:00 PM 2017 January 10, Tuesday Superintendent gives progress report of budget development to the Board. January 12, Thursday Citizens Budget Advisory Committee 7:00 PM February 7, Tuesday Regular meeting - Superintendent presents Preliminary Budget. March 1, Wednesday Submit information to calculate Tax Levy Limit Office of State Comptroller's website March 14, Tuesday Regular meeting - Superintendent presents Proposed Budget. March 21, Tuesday Proposed Budget Available On-line March 31, Friday First Legal Notification to Public - to announce budget hearing & vote. April 7, Friday Second Legal Notification to Public - to announce budget hearing & vote. April 17, Monday Petition nominating candidates for the Board must be received by 5:00 P.M. by the District Clerk. Petitions for budget propositions must be received by 5:00 P.M. by the District April 17, Monday Clerk. April 18, Tuesday Regular Board Meeting - Board of Education adopts budget. April 19, Wednesday Budget Available to the Public. April 19, Wednesday Submit Property Tax Report Card to SED. Third Legal Notification to Public - to announce budget hearing & vote, including April 21, Friday availability of budget. April 25, Tuesday BOCES Budget Vote May 2, Tuesday Budget Hearing - Must be no less than 7 days and no more than 14 days to the budget vote. May 3-10, Wednesday Budget notice mailed to eligible voters. May 10, Wednesday Voter Registration 4:00 P.M. - 8:00 P.M. 1 May 12, Friday Fourth Legal Notification to Public - to announce budget hearing & vote. May 16, Tuesday School Board Election and Vote on Budget.
Hastings on Hudson UFSD Budget Goals for 2017-18 Maintain the quality of education that the community expects Present a school budget that does not exceed the Tax Levy Cap Continue to build an affordable and sustainable organization
Appropriations General Support Board of Education, central administration, finance, legal, operations, maintenance, insurance Instruction curriculum, supervision, teaching, special education, instructional media, pupil services, technology, co-curricular, athletics Transportation in-district, out-of-district, athletics, BOCES special education Undistributed (Employee Benefits and Debt) employee retirement, social security, workers ’ comp., health insurance, unemployment, debt service
Hastings Public Schools 2017-18 Rollover Budget Appropriations TRANSPORTATION 3.1% GENERAL SUPPORT 9.1% UNDISTRIBUTED 26.0% INSTRUCTION 61.8%
Preliminary Rollover 2017-18 Budget PRELIMINARY ADOPTED ESTIMATED ROLLOVER BUDGET END OF YEAR BUDGET BUDGET APPROPRIATIONS 2016/17 2016/17 2017/18 CHANGE General Support $4,317,906 $4,249,614 $4,280,652 -$37,254 -0.86% Instruction $28,473,813 $27,317,028 $29,235,147 $761,334 2.67% Pupil Transportation $1,520,457 $1,376,604 $1,460,457 -$60,000 -3.95% Undistributed $12,769,954 $12,445,468 $12,307,308 -$462,646 -3.62% TOTAL $47,082,130 $45,388,714 $47,283,564 $201,434 % BUDGET CHANGE 0.43% ADOPTED ESTIMATED ROLLOVER BUDGET END OF YEAR BUDGET BUDGET REVENUES 2016/17 2016/17 2017/18 CHANGE State Aid $4,790,000 $4,929,097 $5,430,000 $640,000 13.36% Misc. Receipts $1,250,000 $1,316,177 $1,200,000 -$50,000 -4.00% Appropriated Balance $2,217,120 $2,217,120 $1,940,000 -$277,120 -12.50% Retirement Reserve $350,000 $350,000 $850,000 $500,000 142.86% Transfer from Debt Service $0 $0 $0 $0 0.00% Reserve for Tax Certiorari $400,000 $400,000 $600,000 $200,000 50.00% Transfer from Capital Reserve $0 $0 $0 $0 0.00% Property Taxes $38,075,010 $38,075,010 $37,263,564 -$811,446 -2.13% Total Receipts $47,082,130 $47,287,404 $47,283,564 $201,434 % PROP TAX CHANGE -2.13% Assessed Valuation $1,554,993,172 $1,868,690,053 * $313,696,881 Tax Rate $24.49 $19.94 -$4.55 Tax Rate Change -18.58% *Assessed valuation is subject to change.
Tax Cap Calculation 17-18 Budget 1) Prior Year Tax Levy 38,075,010 TIMES x 1 + Tax Base Growth Factor (provided by Commissioner of Tax 2) & Finance by February 15th.) 1.029 Sub-Total 39,179,185 PLUS + 3) PY PILOTS 5,000.00 MINUS - 4) PY Levy for Judgements over 5% of total tax levy 0.00 PY Levy for excess increases to ERS PY Levy for excess increases to TRS PY Capital Tax Levy 608,588.00 EQUALS = PY TAX LEVY LIMIT 38,575,597 TIMES x 5) Allowable Levy Growth Factor (1 + inflation factor, up to 2%) 1.0126 Sub-Total 39,061,650 MINUS - 6) CY PILOTS 6,000.00 PLUS + 7) Available Carryover 0.00 EQUALS = CY TAX LEVY LIMIT (to be submitted to State Comptroller, Commissioner of Tax & Finance and the Commissioner of Education by March 1st) 39,055,650 PLUS + 8) CY Levy for Judgements over 5% of total tax levy 0 CY Levy for excess increases to ERS 0.00 CY Levy for excess increases to TRS CY Capital Tax Levy 0.00 MINUS - 9) Erroneous levy plus interest from prior year 0 EQUALS = ALLOWED TAX LEVY WITH 50% plus 1 approval 39,055,650 980,640 2.58% Tax Cap Max $980,640
Major Expenditures as a Percent of the 2017-18 Budget Salaries 55.6% Benefits 23.6% Tuition 4.1% Debt Service/Capital 2.3% Contracted Services 4.6% Transportation 3.1% BOCES 3.4% Utilities & Fuel 1.2% Supplies & Materials 1.2% Equipment 0.5% Textbooks & Library Books 0.3% 0% 10% 20% 30% 40% 50% 60%
Rollover Budget Expenditure Summary 2016-2017 2016-2017 2017-18 ADOPTED ESTIMATED ROLLOVER BUDGET END OF YR BUDGET GENERAL SUPPORT Board of Education $73,418 $77,268 $71,918 Central Administration $451,558 $447,084 $454,512 Finance $597,705 $607,300 $628,755 Legal $205,000 $137,500 $170,000 Personnel $8,000 $28,500 $8,000 Public Information $51,449 $49,949 $51,449 Central Services Operations $2,141,909 $2,103,000 $2,111,325 Maintenance $358,242 $365,500 $333,079 Special Items $430,625 $433,513 $451,614 TOTAL GENERAL SUPPORT $4,317,906 $4,249,614 $4,280,652
Rollover Budget Expenditure Summary 2016-2017 2016-2017 2017-18 ADOPTED ESTIMATED ROLLOVER BUDGET END OF YR BUDGET INSTRUCTION $226,000 $221,500 $230,220 Curriculum Development $1,451,783 $1,365,920 $1,419,614 Supervision $15,705,660 $14,992,315 $15,998,070 Teaching $6,384,486 $6,172,000 $6,635,868 Special Education $25,000 $0 $0 Teaching Special Schools $363,152 $359,809 $347,307 Instructional Media $1,253,539 $1,200,000 $1,375,280 Technology Pupil Services: $1,081,353 $1,103,100 $1,152,900 Guidance $303,976 $314,046 $329,346 Health $526,494 $479,500 $526,494 Psychological Services $398,745 $382,643 $418,302 Co-curricular Activities $753,625 $726,195 $801,746 Interscholastic Athletics TOTAL INSTRUCTION $28,473,813 $27,317,028 $29,235,147
Rollover Budget Expenditure Summary 2016-2017 2016-2017 2017-18 ADOPTED ESTIMATED ROLLOVER BUDGET END OF YR BUDGET TRANSPORTATION $1,520,457 $1,376,604 $1,460,457 UNDISTRIBUTED Employee Benefits $11,212,854 $10,893,368 $11,153,637 Debt Service $1,112,100 $1,112,100 $808,671 Interfund Transfer $445,000 $440,000 $345,000 TOTAL UNDISTRIBUTED $12,769,954 $12,445,468 $12,307,308 TOTAL EXPENDITURES $47,082,130 $45,388,714 $47,283,564
Revenue: Summary Anticipate $640,000 increase in state aid Transfer $1,940,000 of appropriated fund balance to revenue Transfer $850,000 from Retirement Reserve to revenue Transfer $600,000 from Tax Certiorari Reserve to revenue Decrease in miscellaneous receipts of $50,000 – Tuition Other Districts
PROPOSED REVENUE SOURCES 2017-2018 MISC. RECEIPTS 2.5% APPROPRIATED BALANCES 7.2% STATE AID 11.5% PROPERTY TAXES 78.8% REVENUE 2016-2017 ADOPTED 2017-2018 BUDGET PRELIMINARY BUDGET TOTAL STATE AID $4,790,000 $5,430,000 MISC. RECEIPTS $1,250,000 $1,200,000 APPROPRIATED BALANCES $2,967,120 $3,390,000 PROPERTY TAXES $38,075,010 $37,263,564 TOTAL APPROPRIATIONS $47,082,130 $47,283,564
Fund Balance - Comparison June 30, 2016 Est. June 30, 2017 Tax Certiorari $2,702,545 $1,500,000 Employee benefit $ 253,049 $ 253,049 accrued liability Retirement system $1,587,747 $ 737,747 contributions Debt service $ 20,217 $ 20,217 Repairs $ 200,000 $ 200,000 Future capital projects $ 150,000 $ 150,000 Total - Restricted $4,913,558 $2,861,013 Total - Unassigned $1,797,586 $1,797,586
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