Proposed Budget Presentation APRIL 21, 2015

Agenda Review of projected revenue Review of projected expense Review of projected debt service Approximate Tax rate and history Budget Timeline Overview of Bus Lease Overview of Capital Project

Expenses 2013 ◦$23,150, ◦$20,840, ◦$21,789, ◦$21,503, ◦$21,137, ◦$24,400,250 (approx.) ◦Proposed ◦$25,585,252

Function Level 1600 Facility ◦2015$2,778,037 ◦2014$2,492,817 ◦2013$2,543,604 ◦2012$2,614,251 ◦2011$2,915, Admin ◦2015$616,326 ◦2014$699,961 ◦2013$602,608 ◦2012$605,172 ◦2011$671, Teaching ◦2015$6,421,210 ◦2014$6,428,489 ◦2013$6,102,143 ◦2012$6,002,448 ◦2011$5,914, Special Ed ◦2015$2,283,236 ◦2014$2,485,459 ◦2013$2,100,459 ◦2012$2,316,707 ◦2011$3,189,648

Continued 5500 Transportation ◦2015$840,073 ◦2014$830,021 ◦2013$808,946 ◦2012$922,575 ◦2011$783, Employees Benefits ◦2015$5,509,216 ◦2014$5,804,625 ◦2013$5,600,230 ◦2012$4,889,500 ◦2011$4,154,786

Debt Service Principal and Interest (current yr) ◦$3,057, ◦$3,508,292 Building Aid ◦$3,116,405 ◦($58,878) ◦$3,551,548 ◦($43,256)

Included in Budget $100,000 SED approved project ◦TBD $185,000 maintenance equipment and vehicles

Category Spending Category Admin10%12% Capital20%22% Program70%66%

Tax Levy and Budget to Budget District Budget Voter Approved 23,314,772 23,730,45723,229,344 23,490,42123,975,04524,777,768 25,585,252 Budget to Budget1.29%1.78%-2.11% 1.1%1.98%3.35% 3.03% Tax Levy Actual Levy6,622,4116,754,0006,517,000 6,371,9976,280,0006,126,8296,075,250 Tax Levy %3.33%1.99%-3.51% -2.22%-1.44%-2.52%-.84%

Program Regional Pathways of programs Maintain college course work Keep expanding enrichment opportunities

Budget Timeline February 24, 2015 ◦Overview of Preliminary Revenue/Expense March 24,2015 ◦Budget Presentation/Final Recommendations April 21, 2015 ◦Final Budget Approval May 12, 2015 ◦School Budget Hearing May 19, 2015 ◦Annual Budget Vote Staff Presentation ◦March 18, 2015 (3:15pm) Community Presentation ◦May 5, 2015

Overview of Bus Lease/Purchase

Fleet Assessment

By the Numbers By the Numbers Sidney CSD – Estimated cost breakdown per year The figures posted on this page are all estimates, the figures are to be used as a guideline only, as the bus options, the bus condition and current market will factor in at the time of the purchase and trades.

By the Numbers By the Numbers Sidney Central School District – Estimated District Share, 90% State Aid The figures posted on this page are all estimates, the figures are to be used as a guideline only, as the bus options, the bus condition and current market will factor in at the time of the purchase and trades.

By the Numbers By the Numbers Sidney Central School District - Estimated lease payment per year before State Aid The figures posted on this page are all estimates, the figures are to be used as a guideline only, as the bus options, the bus condition and current market will factor in at the time of the purchase and trades.

By the Numbers By the Numbers Sidney Central School District - Estimated lease payment per year with 90% State Aid The figures posted on this page are all estimates, the figures are to be used as a guideline only, as the bus options, the bus condition and current market will factor in at the time of the purchase and trades.

Municipal Financing Options  Purchase  Cash  Bonding  Lease

Municipal Leasing  Leasing is an aid-able transportation expense  School does not hold title  Equipment is returned to leasing company at end of lease term  Available Terms:  Short Term - Less than one year  Districts may lease buses upon board authorization without voter approval  At the end of lease term, the buses are returned to the lessor  The lease may not be renewed nor the buses purchased without a subsequent voter approval  Long Term - One year to five years  Districts may lease buses with voter approval  Same end-of-term considerations

Benefits of Municipal Leasing  No large up-front payment  Consistent, Predictable, Even Expenditures  Lower Maintenance Costs – Fleet is 5yrs old or less  More reliable fleet – less need for spares  Leasing is a way to “catch up” on an aging fleet  Leasing doesn’t factor into a district’s indebtedness  Less than one year lease can fill an immediate need

Capital Project

Renovation of elementary school Kindergarten area Bathrooms Plumbing Roof recoating Renovation of Middle School Locker rooms Window replacements Asphalt replacement and plumbing School based Clinic remodel

continued Renovation at the High School Roof re-coatings Window replacements Ventilation (technology, Agriculture, Pool) Main office remodel Classroom tiles and ceiling replacements Boiler replacement Kitchen renovation

Cost Total cost approx million Utilize EXCEL (687,000) Utilize 1 million from capital reserve Local share Approximately $39,274 annually. Approximately $2.15 on a $100,000 home

Tentative Timeline May 2015Project Approval May 2015 Submittal of Roof work Summer 2015Roof work October 2015Submittal of Phase II May 2016Bid of Phase II Summer 2016Start of construction Construction