Chenango Forks Central School District 2015-2016 Budget Hearing May 7, 2015

Budget Development Process Submission of Program Budgets Based on Need Review of Staffing Levels to Best Meet Student Needs Review of State Aid and Revenue Sources Available to Support the Budget BOE Discussion and Adoption of the Budget

Proposed 2015-2016 Expenditure Budget Increase Salaries & Benefits $18,957,790 $19,705,088 $747,299 Debt Service $3,503,217 $3,120,662 ($382,556) BOCES Services $4,226,751 $4,476,068 $249,317 Contract Transportation $1,450,000 $1,405,000 ($45,000) Utilities & Fuel $889,000 $866,281 ($22,719) Other Expenses $2,199,671 $2,681,801 $482,130 TOTAL $31,226,429 $32,254,900 $1,028,471

Proposed 2015-2016 Expenditure Budget

Proposed 2015-2016 Expenditure Budget Increase Administrative $3,462,064 $3,553,137 $91,073 Program $21,850,991 $22,901,448 $1,050,457 Capital $5,913,374 $5,800,315 ($113,059) TOTAL $31,226,429 $32,254,900 $1,028,471

Administrative Component 2014-2015 Budget 2015-2016 Budget Increase BOE $19,507 $19,081 ($426) Central Administration $175,079 $184,186 $9,107 Finance $453,384 $473,401 $20,017 Staff $156,764 $257,402 $100,638 Central Services $234,245 $187,175 ($47,070) Special Items $325,193 $329,970 $4,778 Curriculum & Supervision $948,903 $1,068,296 $119,393 Employee Benefits $1,148,989 $1,033,626 ($115,364) TOTAL $3,462,064 $3,553,137 $91,073

Program Component 2014-2015 Budget 2015-2016 Budget Increase Teaching Regular $6,214,333 $7,042,386 $828,053 Teaching Special $4,017,350 $4,077,034 $59,684 Summer School $4,262 $5,549 $1,287 Pupil Personnel $2,525,781 $2,738,193 $212,412 Transportation $1,928,836 $2,013,521 $84,685 Census $1,000 $0 Employee Benefits $7,121,429 $6,981,265 ($140,164) Interfund Transfers $38,000 $42,500 $4,500 TOTAL $21,850,991 $22,901,448 $1,050,457

Capital Component 2014-2015 Budget 2015-2016 Budget Increase O&P Maintenance $1,773,639 $2,008,614 $234,975 Refund of Taxes $1,000 $0 Employee Benefits $535,518 $570,039 $34,521 Debt Service $3,503,217 $3,120,662 ($382,555) Other Transfers $100,000 TOTAL $5,913,374 $5,800,315 ($113,059)

2015-2016 Proposed Revenue Budget Increase Tax Levy $11,308,948 $0 State Aid $16,828,981 $17,867,883 $1,038,902 Other Revenue $1,473,500 $1,563,069 $89,569 Fund Balance $1,615,000 $1,515,000 ($100,000) TOTAL $31,226,429 $32,254,900 $1,028,471

The proposed tax levy for the District in total will not increase. Tax Levy Increase = 0% The proposed tax levy for the District in total will not increase. Individual tax bills will have changes due to changes in assessments and equalization rates set by the state.

Tax Levy Increase = 0% 2015-2016 Proposed Tax Levy Tax Levy Limit = 0.92% The District’s Proposed Tax Levy is $103,975 less than the Tax Levy Limit

2015-2016 Anticipated State Aid State Aid is increasing $1,038,902 The Gap Elimination Adjustment (GEA--take back of state aid), was reduced by $1,029,141

Budget Highlights 2014-2015 Budget 2015-2016 Budget Increase Total Expenditures $31,226,429 $32,254,900 $1,028,471 3.29% Tax Levy $11,308,948 $0 0.00%

Budget Highlights Additional Staff Added $100,000 Project 1st Grade Teacher English Teacher Math Teacher Science Teacher Social Studies Teacher Technology Teacher Special Education Teacher Director of Special Education Director of Curriculum $100,000 Project

Contingency Budget Under Contingency the District’s budget would be reduced for: All non-computer hardware equipment The small $100,000 capital project $11,500 of Administrative Costs Contingent Budget $31,924,800 Contingent Tax Levy $10,978,848

Budget Vote May 19, 2015 Noon – 9:00 p.m. High School Auditorium