BUDGET PRESENTATION to the BOARD OF EDUCATION February 1, 2017 Jeff Delorme, Assistant Superintendent Paul Webster, School Business Official

Objectives This presentation will provide the Board with the following information: Review of the Governor’s Agenda Preliminary Budget Estimates Long Term Budget Forecast Further Steps in the Budget Process

Governor’s Agenda – State Aid 2017-18 The Executive Budget recommends that Foundation Aid be increased by $428 million and an overall increase to schools of $1 billion. The governor’s proposal essentially replaces the foundation aid formula with a new formula based on prior year aid plus a base increase.

Governor’s Agenda Other organizations are calling for much larger increases in Foundation Aid and overall aid: NYSASBO recommends a $1.2 billion increase in Foundation Aid in 2017-18, with an overall increase of $2.1 billion. NY Regents recommends a $1.47 billion increase in Foundation Aid in 2017-18, with an overall increase of $2.1 billion. The Educational Conference Board recommends a full phase in of Foundation Aid of $3.8 billion over the next three years and an overall aid increase of $2.0 billion in 2017-18.

Governor’s Agenda Career and Technical Education Governor recommends $5.3 million to create up to 10 new early college high schools focused on technology training, particularly computer science. $2 million to expand the master teacher program to designate an additional 115 computer science teachers statewide.

Governor’s Agenda Mandate relief not mentioned. Other $333 million reimbursement for expense based aids. $500k for farm-to-school programs and expand education about healthy food. Mandate relief not mentioned.

Preliminary Budget Summary CPP Preliminary Budget Estimates Scenario #1 - Executive Budget Proposal Preliminary Budget 2-1-17 Salaries 2.75%, Health 7%, TRS System 10%, ERS System 15.5% Preliminary CURRENT YEAR Estimates Percent of 16-17 17-18 Expenditures INCREASE CHANGE DEBT SERVICE $ 11,107,720 $ 11,107,720 10% 0.00% $ - SALARIES $ 44,150,261 $ 45,364,393 42% 2.75% $ 1,214,132 FRINGE BENEFITS $ 28,152,729 $ 29,100,000 27% 3.36% $ 947,271 TRANSPORTATION $ 4,786,823 $ 4,954,362 5% 3.50% $ 167,539 UTILITIES $ 1,510,000 $ 1,510,000 1% BOCES $ 9,392,012 $ 9,955,533 9% 6.00% $ 563,521 OTHER EXPENDITURES $ 5,617,595 $ 5,786,123 3.00% $ 168,528 TOTAL COSTS $ 104,717,140 $ 107,778,131 100% 2.92% $ 3,060,991 $ - Revenues STATE OPERATING AID (FOUNDATION AID) $ 28,027,690 $ 28,450,532 1.51% $ 422,842 STATE AID TRANS, BOCES $ 8,973,379 $ 9,453,644 5.35% $ 480,265 STATE BUILDING AID $ 8,709,842 $ 8,701,374 8% -0.10% $ (8,468) OTHER REVENUES $ 5,257,432 $ 5,415,155 $ 157,723 FUND BALANCE APPROPRIATION $ 1,500,000 $ 1,100,000 -26.67% $ (400,000) TRANSFER FROM DEBT SERVICE $ - 0% TRANSFER FROM ERS RESERVE $ 1,240,000 $ 1,000,000 LESS THAN 1% -19.35% $ (240,000) TRANSFER FROM UNEMPLOYMENT RESERVE $ 40,000 $ 40,000 TRANSFER FROM WORKERS' COMP. RESERVE   SUB TOTAL OF REVENUE $ 53,748,343 $ 54,160,705 51% 0.77% $ 412,362

Preliminary Budget Summary CPP Preliminary Budget Estimates Scenario #1 - Executive Budget Proposal Preliminary Budget 2-1-17 Salaries 2.75%, Health 7%, TRS System 10%, ERS System 15.5% Preliminary CURRENT YEAR Estimates Percent of 16-17 17-18 Expenditures INCREASE CHANGE TOTAL COSTS $ 104,717,140 $ 107,778,131 100% 2.92% $ 3,060,991 $ - Revenues SUB TOTAL OF REVENUE $ 53,748,343 $ 54,160,705 51% 0.77% $ 412,362 TAX LEVY $ 50,968,797 $ 51,478,485 49% 1.00% $ 509,688 TOTAL REVENUE $ 105,639,190 0.88% $ 922,050 ESTIMATED SURPLUS OR (DEFICIT) $ - $ (2,138,941) ESTIMATED BUDGET FOR VOTER APPROVAL

Preliminary Budget Summary

Preliminary Budget Summary

2017-18 thru 2020-21 Four Year Forecast

Current District Reserve Funds

How Reserve Funds are used in the Budget

Transportation District has many busses and vans over 7 years old and with high mileage over 150,000 miles. We have developed a new multi-year replacement schedule to address this. We will be recommending replacing a number of busses and vans in 2017-18. This would require a 2nd Proposition for the 2017-18 Budget vote.

Next Steps Further Board discussion and direction Work with district administrative team Work with Board budget committee April 19, 2017 – budget adoption