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Published byJoshua Thomas Modified over 9 years ago
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PROPOSED BUDGET 2015-16
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Major Changes in Proposed Budget Brought back 1:8:1 Program from BOCES Eliminated BOCES Adaptive Phys. Ed Eliminated BOCES.5 Speech Services Eliminated Wireless Home Access for Students Eliminated Senior BOCES Tech. Erie#1 Decreased Textbook Budget Added Health Insurance for Teacher Aides Increased Public Information & Data Coordinator Budget Increased Maintenance Budget Increased Debt Services due to the Bonding of BANS Increased the Community Services Budget Added the purchase of (1) Bus
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Major Changes (cont.) Reduced number of BOCES Alt Ed Placement Increase in State Basic Aid Increase in State Building Aid due to EXCEL Project Decrease in refund of Prior Yrs. Expenditures Decrease in ERATE funding ERS employer rates declined by 1.9% TRS employer rates declined by 4.27% Workmen’s Compensation rate declined by 23.01% due to good financial standing of the Erie#2 Workers Compensation Consortium
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Highlights of Proposed Budget- Expenditures- Salaries BOCES Services Employees Retirement Teachers Retirement Workmens Comp Health Ins. Public Information Maintenance Services Debt Service Down 1.81% Down 10.18% Down 17.24% Down 17.77% Down 23.01% Up 13.88% Up 100% Up 7.28% Up 28.42%
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Revenue Highlights State Aid- Basic Community Program Rental BOCES Classrooms Refund of Prior Yrs Expenditures Erate Building Aid Up 1.7% Up 76.83% Down 60.69% Down 47.74% Down 57.14% Up 6.56%
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State Aid Foundation Aid Gap Elimination Adjustment Total Gen Aid Increase Up $74,556 Restored $98,225 ( all but $2,005) $172,781
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Categorical Aid- Based on Prior Yrs. Exp. Private Excess Cost Aid Universal Pre-K These aids are accounted for in the Special Aid Fund Are not considered part of the General Fund Budget Up $278,700 – tuition for St. Mary’s Up $288- ( if filled)
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Other Categorical Aids- BOCES Aid Transportation Aid Hardware & Technology Aid Software, Library, Textbook Building Aid Because these are based on expenditures do not expect to see and increase in these aids. Should see at least an increase of $670,080
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Overall Budget up 1.85% or $306,032 ($120,000 is new bus) Total Revenues with Building Aid on EXCEL Project..up 8.25% or $842,861 Use of Reserves – down 53.30% or $98,918 Use of Appropriated Fund Balance to offset property taxes – Down $227,455 or - 49.45%
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PROPOSED TAX LEVY- 2014-15 $4,552,172 2015-16 $4,495,650 Down$ - 56,522 or -1.24%
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Estimated Tax Rate per $1,000 of Assessed Value If Equalization Rates remains the same If Assessed Value remains the same
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True Value Rate- $24.75/$1,000 full value Rates over the last 24 years
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3 Part Proposed Budget 2015-16
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Expenditures as a Percentage of the Budget
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Estimated Revenues
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Overall Health of the District Completed $16,000,000 Capital Project under budget and took advantage of the free EXCEL funds the state had designated for the district. Maximized our Building Aid Greatly improved the infrastructure of the school Provided more services to the Community through the use of the Fitness Center and Pool Decreased reliance on Fund Balance to offset property taxes Able to bring back most sports, activities, and programs that were previously removed from the budget Were able to keep the property tax rate relatively stable over the past 4 years despite cuts in State Education Aid.
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