2015/16 Proposed Budget for Adoption General Fund$35,992,937 Special Revenue Fund (Grants) 549,082 Debt Service Fund (Bonds) 2,651,459 Total$39,193,478

Budget Focus Maintain Programs Maintain Staff Maintain Facilities Upgrade Technology for PARCC Maintain Fund Balance Levels

2015/16 Revenue Comparison Budget Driven by Flat State Aid 2014/ /2016 Fund Balance$ 1,409,034$1,432,071 Reserves 174, ,000 Tax Levy 17,261,49317,802,181 Misc. 173,500 Tuition 366, ,905 Extraordinary Aid 244,535 Federal Aid 0 30,010 State Aid 14,902,735 Total$34,532,297$35,992,937

School Funding Reform Act of 2008  SFRA Formula NOT implemented by the State  No New Aid  Clearview total increase $0  If SFRA Formula was implemented  + $886,272  Clearview is under the adequacy level of spending as defined by SFRA in the amount of $4,429,457 for 15/16, meaning if funding was available Clearview would be able to spend substantially more

Debt Service State Aid Remains Cut At 85% Funding on 1997 & 2009 Bonds 2009/2010 State Aid =$ 663, /2011 State Aid = 569, /2012 State Aid = 545, /2013 State Aid = 522, /2014 State Aid = 500, /2015 State Aid = 475, /2016 State Aid = 441, /16 Debt Service Aid Shortage($ 77,872) 2015/16 Assessment on 2002 facilities Grant ( 217,620) Total 2015/16 Shortage($295,492) Total Shortage Over 6 Years $1,599,148

Clearview State Aid Since SFRA of 2008 Introduced – Never fully funded YearGeneral Fund Award State Assessment 2002 Facility Grants Net of State Assessment 2008/200914,176,041 New Funding Formula 14,176, /201014,884,843 Cut $1,498,592 in Feb ,884, /201113,315,672(169,824)13,145, /201213,944,095(99,538)13,844, /201314,669,013(137,847)14,531, /201414,852,335(217,620)14,634, /201514,902,735(217,620)14,685, /201614,902,735(217,620)14,685,115

Permissible Reserves in School Districts Schools have no viable option to save funds for a rainy day  Surplus - restricted to 2% of Prior Year Expenditures = $639,965  Average Payroll = $981,964  Capital Reserve – for capital projects only (cannot be used for operating expenses). The total can not exceed cost of projects in District’s Long Range Facility Plan.  Maintenance Reserve – for required maintenance projects that are not routine

Search for Available Resources Increases in 2015/16 Revenue 2% Increase in Tax Levy$345,229 Adjustment for increased health care costs 195,459 Total Tax Levy$540,688 Tuition Students $51,405 State Aid 0 Employee Share of Benefits (P.L c.78) $254,180 Separate Question cannot include CCCS (T&E)

Clearview Regional General Fund Revenue $35,992,937

Allocation of General Fund Appropriations Salaries & Benefits$25,856,47872% Special Education* 2,571,467 7% Buildings & Grounds* 1,091,500 3% Utilities 910,000 3% Transportation* 1,355,326 4% Capital Outlay 1,215,680 3% Other 2,992,486 8% $35,992,937 * Excludes Salaries & Benefits

Four Major Areas Make Up the Increase in Appropriations Capital Outlay Employee Benefits Transportation Salaries

Budget Highlights Special Education – tuition ($434,056) for OOD students graduating Equipment – musical instruments Transportation - lease payments for 4 replacement buses Technology – Replacement storage area network, replacement computers, lease payments for wireless upgrades & replacement of netbooks Facility Improvements – Minor changes in HS Library for PARCC testing. roof renovations, asphalt recoating & tennis court resurfacing– funded out of reserves

Personnel Special Education – one new HS SCBD teacher Part-time LDTC (replacement) Regular Education – Part-time MS physical education teacher Retirements – CST Director, Food Service Director, Two teachers

Cost Savings Measures  Lease buses  Lease certain technology purchases  Defer the purchase of certain other equipment  Defer certain facilities & maintenance projects  Cuts across department supply lines  Staff reductions through attrition (and substitute lines)

Proposed Tax Rate Harrison Municipal Share 48.62% Net Valuation $1,392,670,506 Ratables Increased $22,715,463 Rate per Hundred =.696 Proposed General Fund Increase = 1.67 cents $100,000 Home Regional School Taxes $16.72 increase per year

Proposed Tax Rate Mantua Municipal Share 51.38% Net Valuation $1,330,480,059 Ratables Decreased ($4,191,453) Rate per Hundred =.770 Proposed General Fund Increase = 1.70 cents $100,000 Home Regional School Taxes $16.98 increase per year

Proposed Referendum November 2015 STEM Lab/Robotics Classroom (old Auto shop) Computer Lab (old Darkroom) Enhance our Technology with Interactive Projectors/iPad in some of the classrooms