Budget Update April 11, 2016

Budget Update Phoenix Central Schools Adopted Projected Projected Expenditures $ 43,748,728 $ 44,787, Adopted Projected Projected Revenues $ 43,748,728 $ 44,470,572 Gap $ 0 $316,478

State Budget Update Phoenix Central Schools In the State Budget Phoenix will receive $544,549 in Gap Elimination Restoration and a $212,314 increase in Foundation Aid. $316,478 increase in State Aid over the Governor's Executive Budget. Therefore, the Gap Elimination Adjustment has been eliminated. No increase in foundation aid over the Governor’s budget

Budget Additions/Restorations Phoenix Central Schools Proposed Additions Firebird Academy –extended 1 week K-4 Reading Summer Program P-TECH Regional High School Athletics  additional 3 Jr. Varsity teams & after school weigh program Increased Instructional Technology investment Proposed Staffing Changes Replace one TA (through retirement) with full time business teacher at JCB (Eliminate 1 TA position at JCB) Two ½ year administrative interns in place of 1 elementary teacher ( due to retirement) Add 1 social worker for guidance counselor ( due to retire) Preserves all other positions and programs

Recommended Revenues State Aid$26,665,722 Property Taxes*$16,833,964 Other Revenues$487,364 Use of Revenues**$800,000 Total$44,787,050 *Levy Increase of 0.00%, Phoenix is below the tax cap **Increase of $100,000 use of Reserves Phoenix Central Schools

Salaries$20,552,630 Equipment$ 339,212 Contractual$ 2,649,984 BOCES$ 4,845,953 Materials & Supplies$ 986,468 Debt Service$ 5,101,837 Employee Benefits$ 10,160,966 Interfund Transfers$ 150,000 Total$44,787,050 Recommended Expenditures

Expenditures vs. Revenues Expenditures*$44,787,050 Revenues$44,787,050 Gap$ 0 *Represents a 2.38% increase in Budget Phoenix Central Schools

New to NYS Budget Upstate and Downstate minimum wage increase Required Paid Family Medical Leave Qualified property owners with STAR will receive $185 tax rebate check in the fall. Phoenix Central Schools

Budget Timeline Phoenix Central Schools Must adopt a budget by April 22 nd Next BOE Meeting April 18 th Public hearing on the Budget – May 9 th Budget Vote – May 17 th at EJD Middle School

Proposed Budget Propositions 1) Budget proposition 2) Bus/equipment truck purchase- 4 buses, 1-12’-14’ Box Truck. 3) Phoenix Public Library  2% increase in budget, $1,400 increase for a total of $71,400. Phoenix Central Schools

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